Saturday, November 03, 2007

BEN Update for 11.03.2007

FRANKLIN RESOURCES - BEN

Daily chart shows a hammer created by the price action on Friday. Options are now ITM - 07 nov 130.00 put last bid $7.20 for 80% return; 08 jan 130.00 put last bid $11.40 for 42.5% return. Look for possible consolidation before next move.

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