Friday, April 13, 2007

Banco Popular (BPOP)

Someone asked why I bought Banco Popular (BPOP) puts. The Najarian brothers at actually flagged it first the other day by noticing the the heavy activity in the May 15 puts getting their subscribers in early and cheap.

For further insight, pls read the last paragraph of this pr release:

Just an fyi. The puts have actually gotten expensive relative to where I bought them so do your own due diligence.

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