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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/13/2008
ASIA (Asiainfo Hldgs--$13.48; +0.10; optionable): China security software
http://biz.yahoo.com/p/a/asia.html
EARNINGS: Announced 7-24-08
STATUS: Reverse head and shoulders. Coming back to test the 50 day EMA (13.00) on low, below average volume as ASIA sets up the higher low for a run at a breakout to a new 6-year high. Very nice 10 week base has formed using the 200 day SMA on the July low as support and now making this higher low, ready to follow some strong money flow higher. Very solid set up at important support. Want to see that volume jump on the break higher given there was a high volume downside session last week.
Volume: 291.55K Avg Volume: 484.149K
BUY POINT: $14.28 Volume=725K Target=$17.89 Stop=$13.44
POSITION: EUJ JV - Oct. $12.50c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/asia.html
Play Date: 08/13/2008
ATHR (Atheros Communications--$33.70; -0.31; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/a/athr.html
EARNINGS: Announced 7-28-08
STATUS: Double bottom w/handle. Nice low volume test of the 10 day EMA (32.62) on the intraday low, then snapping back. Forming the handle to its 10 week base nicely set up with a pair of bottoms on the 200 day SMA down at 28.50. May come back another day or two toward the 10 day EMA and snug up and then deliver the breakout to a new all-time high. This is part of a larger 10 month pattern, and looking for a big break higher here to give us the entry point. Very nice and a solid leader in earnings growth rates.
Volume: 922.846K Avg Volume: 1.764M
BUY POINT: $34.38 Volume=2.5M Target=$40.95 Stop=$32.54
POSITION: QRA LF - Dec. $30c (71 delta) &/or Stock
http://www.investmenthouse.com/ci/athr.html
Play Date: 08/13/2008
ESRX (Express Scripts--$72.30; -0.71; optionable): Mail order prescriptions
http://biz.yahoo.com/p/e/esrx.html
EARNINGS: Announced 7-30-08
STATUS: Cup w/handle. Broke higher last Friday on some decent trade, but then slipped back to test, tapping the 10 day EMA on the Wednesday low (70.93) and rebounding for a modest loss. Nice 10 week base that is part of a larger 8 month ascending base. Very solid and ready to move in as ESRX breaks higher over the August close on strong volume.
Volume: 2.121M Avg Volume: 2.528M
BUY POINT: $74.38 Volume=3.5M Target=$83.95 Stop=$78.77
POSITION: XTQ KN - Nov. $70c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/esrx.html
Play Date: 08/13/2008
GTXI (GTX--$19.05; +0.66; optionable): Biotechnology
http://biz.yahoo.com/p/g/gtxi.html
EARNINGS: Announced 8-5-08
STATUS: Double bottom w/handle. Volume moved up to average Wednesday as GTXI started to break higher, clearing the raft of closing highs from mid-July to early August. This is taking it out of a 14 week nicely formed base that is part of a much larger 17 month cup with a big reverse head and shoulders at the bottom. Excellent set up for a run toward that April 2007 high up near 24.
Volume: 230.403K Avg Volume: 293.375K
BUY POINT: $19.31 Volume=400K Target=$22.95 Stop=$17.96
POSITION: GQH KW - Nov. $17.50c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/gtxi.html
Play Date: 08/13/2008
NTES (Netease.com--$24.05; +1.36; optionable): Chinese internet gaming, soft porn
http://biz.yahoo.com/p/n/ntes.html
EARNINGS: 8-13-08 after the close
STATUS: Reverse head and shoulders. Strong volume Monday on a reach lower and reversal, and then again strong volume Wednesday as it moved off the 50 day EMA (22.28). Solid 12 week base just below the all time high, setting up for the next breakout move. Made a good start Wednesday with the price and volume move. Earnings were after hours and NTES was up though not exploding. That is what we are looking for to give us an entry point.
Volume: 3.168M Avg Volume: 1.414M
BUY POINT: $24.49 Volume=1.6M Target=$29.48 Stop=$22.69
POSITION: NQG LX - Dec. $22.50c (69 delta) &/or Stock
http://www.investmenthouse.com/cd/ntes.html
Play Date: 08/13/2008
QLD (ProShares Ultra QQQ ETF--$80.63; -0.39; optionable)
http://biz.yahoo.com/p/q/qld.html
STATUS: Cup w/handle. Mirroring the overall NASDAQ, QLD is forming the handle to its 10 week base. It may take another day or two of work, and then we look for QLD to clear the 200 day SMA (82.36) on volume and give us the buy for a run up to the June high (92.55) as our initial target.
Volume: 14.971M Avg Volume: 15.593M
BUY POINT: $82.45 Volume=20M Target=$92.95 Stop=$79.48
POSITION: QLD JB - Oct. $80c (57 delta)
http://www.investmenthouse.com/cd/qld.html
Good Investing!
Jon L. Johnson and The Daily Staff
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners of Online Investment Services, LP or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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stock recommendation
stock investment information
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