Wednesday, February 27, 2008

Forest Wheeler - FWLT -- Buying Puts

FWLT missed their earnings and stated the only way to keep up growth is through acquisition. Buying the April $70 strike price put. I think the trend is down for now.

Buy FWLT April 70 strike price put - Buy 10 contracts UFB PN @ 8.30 (FWLT April $70 strike price put)

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