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us stock market, trade stock
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/27/2008
BRKR (Bruker Corp.--$14.75; +0.32; optionable): Scientific & Technical Instruments
http://biz.yahoo.com/p/b/brkr.html
EARNINGS: Announced 7-31-08
STATUS: Double bottom with handle. Setting up a nice 5 month foundation that will give it the platform to run at a new 7 year high. Strong surge on earnings propelled BRKR off the bottom of its base, rallying to 15.67 on the high and then testing back the past two weeks to the 18 day EMA (14.41). That test at near support is the last shakeout, removing the weak holders and setting BRKR for the breakout. Nice bounce Wednesday but no volume yet to support the move. Looking for a good solid price move and some solid volume coupled with that move to give us the buy point on a solid new leader.
Volume: 351.575K Avg Volume: 550.962K
BUY POINT: $15.11 Volume=825K Target=$18.39 Stop=$14.05
POSITION: TQB KC - Nov. $15c (49 delta) &/or Stock
http://www.investmenthouse.com/ci/brkr.html
Play Date: 08/27/2008
SYMC (Symantec--$22.00; +0.36; optionable): Security software
http://biz.yahoo.com/p/s/symc.html
EARNINGS: 10-29-08
STATUS: Test breakout. Broke higher from a 12 month reverse head and shoulders base in late July (earnings), rallied up to 22.50, and then in the market selling started to test. Came back to the 18 day EMA last week and bounced modestly. Wednesday the action heated up a bit as SYMC bounced off the 18 day EMA on some rising trade. Getting there. Looking for a stronger move higher this week to show us it is ready for a buy.
Volume: 9.869M Avg Volume: 13.522M
BUY POINT: $22.28 Volume=18M Target=$26.38 Stop=$21.44
POSITION: SYQ AD - Jan. $20c (77 delta) &/or Stock
http://www.investmenthouse.com/cd/symc.html
Play Date: 08/27/2008
WBSN (Websense--$22.26; +0.24; optionable): Internet webcasting services, etc.
http://biz.yahoo.com/p/w/wbsn.html
EARNINGS: Announced 7-28-08
STATUS: Test breakout. WBSN is another old leader that we loved to play and it is back in the game without even having to go on Nutrisystem. It broke higher in late July on its earnings, clearing the 'hump' in its 12 month double bottom base that is part of a larger 2.5 year base that formed after a long, strong run. Bottomed in December/January and then in July before the break higher. After that breakout run WBSN is testing during the recent market indecision the past week, holding at near support at the 18 day EMA (21.87), just where you want it to hold on a breakout test. Strong upside volume, nice lower volume pullback to test. Looking for WBSN to break higher on solid trade after this pullback, and that is when we move in.
Volume: 513.577K Avg Volume: 591.14K
BUY POINT: $23.04 Volume=885K Target=$27.75 Stop=$21.77
POSITION: DQH AD - Jan. $20c (74 delta) &/or Stock
http://www.investmenthouse.com/ci/wbsn.html
New buy point on current position:
Play Date: 08/27/2008
AUXL (Auxilium Pharmaceuticals--$39.62; -0.24; optionable): Drug products
http://biz.yahoo.com/p/a/auxl.html
EARNINGS: Announced 7-31-08
STATUS: Test 18 day EMA. AUXL broke out in July from a 6 month ascending base, rallying to a new all-time high. It has come back in the recent selling that has taken some of the early leaders down, but AUXL is holding near support at the 18 day EMA (39.45) on low volume, not selling hard. Volume sparked up to average Wednesday as AUXL showed a hammer doji at the 18 day. That got us on 'next surge watch,' and thus here we are looking to add to our position on this winner as it breaks higher once more on some solid trade.
Volume: 423.473K Avg Volume: 787.502K
BUY POINT: $40.95 Volume=1M Target=$47.95 Stop=$39.22
POSITION: UQX LH - Dec. $40c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/auxl.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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