Monday, July 02, 2007

 

Buy - 1 BRCM Nov 40 Put @ 10.30

It looks to me that BRCM is facing some resistance at 30. I bought this when it touched close to 30 and was on it's way down. It moved sideways after I bought it. I feel if it moves below 29ish, it might go all the way down to 27. Time will tell.
I might close this position above 32.50.

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