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Wed: Top Buys EBAY IBM HD KBH IMGN XOMA Top Sells DIA SPY IWM

Primary Trades:

DIA Sep 114 puts, SPY Sep 127 or Aug 128 puts, and IWM Aug 73 puts may be best to buy on market bounces. EBAY Aug 27.5 or 30 calls are buys on pullbacks.

Secondary Trades:

IBM Aug 75 calls, HD Aug 35 calls, and KBH Aug 45 calls may be best on pullbacks. IMGN below 3.05 and XOMA below 1.70 are buys.

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Primary Trade: An intermediate or long term trade. Timing can be off substantially. Volatility not a factor. Risk is low to moderate. Potential return is often moderate.

Secondary Trade: A short term trade. Timing must be accurate or volatility must be high. Risk is high. Potential return is high.

Secondary Trades should be generally avoided, although considered. Note: If Secondary Trades are taken, they may affect Primary Trades.