May 10, 2010

PER PRIOR POST , LONG ON $AFL FROM PRE-MARKET AT $47.05

Take partial profits right here at $49.90 and tight trailing stop on the rest.

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BUYING $AFL AGGRESSIVELY THIS MORNING

We will be buying $AFL aggressively this morning on dips. $AFL has $900 million exposure to Greek bonds and thus should benefit from the European rescue package. However we caution to be very careful in order execution based on opening gap in the pre market.

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PROTECT PROFITS ON ITALY LONG

This morning European markets are up strongly as we anticipated at the bottom. As per the prior post we added to $EWI long aggressively at $13.77. We suggest taking advantage of this morning’s trend and scaling out partially as well as tight trailing stops on the rest to protect profits.

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