Friday, June 20, 2008

Owens-Illinois (OI) Is a BUY!!


Time to scale in to OI at $47.17

Again, for downside protection, I recommend SELLING the NOV 50 Calls for about $4.00.

With oil prices surging, plastics are getting REALLY expensive. DD raised prices 20% because of raw material costs.

Glass will become the cheaper and classier alternative.

More analysis to come.

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