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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