Wednesday, 17 October 2012

Options Trade Ideas: October 17, 2012

Bullish Stocks:

Lenner Corp:(LEN)
Up trending in the last 3 months. Housing is supposed to be hot.(I don't believe it, but market does not care about what I believe) Has a hight short interest, which can be considered a contrarian indicator for an uptrending stock.
I would like to take a long position in this stock till about 25th November.
Target Price: $ 43/$44
Stop Loss: $35+/-
Current price: Around $38

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