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We will try two call option plays to play an expected snapback rally. We will buy puts once we have
had that rally.
HITK- Hi-Tech Pharmacal- 20.35- dropped from 30 to support at 20 in a month and should now have a
good bounce. Buy the March 20 Call- DBQCD- 2.15- for a move back to 23 and then higher. Place a stop
loss on the option when the stock closes below 18. Take half profits when the stock is at 23.
DUG- Inverse Oil & Gas ETF- 13.86- goes up when oil & gas stocks go down and vice versa. Has formed a
large inverted head and shoulder base formation and looks ready to break out above the neckline at 14 (it
Option Comments
Half profits were taken on our QZNNY put option and our SKWBQ and SQRCI call options when the three
stocks hit their initial targets. We were stopped out of our DBQCE call option position. Take the remaining
nice half profits on our SLVNT and QZNNY put positions Monday morning.
Princeton Research has received about $ 2,500 per month from Metabolic MTBR and Lucas
LEI both marked with an asterisk. MTBR is reviewing a contract which would pay $ 2,500 per
month plus some restricted shares. The main principal of Princeton Research has obtained his
own shares amounting to 2,700,000 shares.
CONTACT
Please Direct All Inquires To:
Mike King
Princeton Research
3887 Pacific Street, Las Vegas, Nevada 89121
Phone: (702) 650-3000
Fax: (702) 697-8944
mike@princetonresearch.com
Visit: www.PrincetonRresearch.com