|
|
stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
*****
NEW: To view the HTML REPORT click the following link:
http://www.investmenthouse.com/ihmedia/DailyPlays.htm
*****
Upside:
Play Date: 09/03/2008
ABI (Applera Corp-Appliaed Biosystems--$36.46; +0.03; optionable): Scientific, technical instruments
http://biz.yahoo.com/p/a/abi.html
EARNINGS: Announced 7-24-08
STATUS: Test breakout. ABI broke out from an 8.5 month double bottom with handle base in mid-July, pushed by some strong earnings. Rallied to 37 on the move and then slipped into a month-long lateral consolidation, holding the 18 day EMA (36.30) as it tested near support in a very up and down market. Not bad action at all, just sliding laterally, waiting out the indecision. Set up very well to make the move, and with volume starting to edge into it on Tuesday, we want to be ready when it makes the next break and continues higher, moving to a new 7-year high.
Volume: 1.752M Avg Volume: 2.476M
BUY POINT: $37.24 Volume=3M Target=$42.95 Stop=$35.77
POSITION: ABI LG - Dec. $35c (69 delta) &/or Stock
http://www.investmenthouse.com/cd/abi.html
Play Date: 09/03/2008
FFIV (F5 Networks--$33.50; +0.12; optionable): Internet software
http://biz.yahoo.com/p/f/ffiv.html
EARNINGS: Announced 8-13-08
STATUS: Cup w/handle. Not all techs are struggling as FFIV works on the handle to a 11 month base, holding at near support as it prepares for a break higher. Has put together a very nice base to give it the foundation for a nice run higher when the break comes. Solid upside volume showing up the past month and that shows continuing accumulation in the pattern. Now we wait for the breakout move.
Volume: 1.851M Avg Volume: 2.494M
BUY POINT: $35.07 Volume=3.4M Target=$40.95 Stop=$32.62
POSITION: FLK AF - Jan. $30c (74 delta) &/or Stock
http://www.investmenthouse.com/cd/ffiv.html
Play Date: 09/03/2008
VVUS (Vivus--$9.08; +0.51; optionable): Medical instruments
http://biz.yahoo.com/p/v/vvus.html
EARNINGS: Announced 8-4-08
STATUS: Reverse head and shoulders. Strong volume surge Wednesday as VVUS starts the breakout from a short 5 week base that formed after a good move from May to July. This takes VVUS past the 2004 high and moving to take on the 2002 high. It is in the right sector, has had a good base form under it, and is starting its next leg.
Volume: 1.65M Avg Volume: 847.438K
BUY POINT: $9.18 Volume=1M Target=$11.00 Stop=$8.54
POSITION: QJS LB - Dec. $10c (39 delta) &/or Stock
http://www.investmenthouse.com/ci/vvus.html
New buy point on current position:
Play Date: 09/03/2008
NTES (Netease.com--$25.68; -0.60; optionable): Chinese online gaming, etc.
http://biz.yahoo.com/p/n/ntes.html
EARNINGS: Announced 8-13-08
STATUS: Breakout test. Testing the 18 day EMA (25.43) after breaking higher in August from a 12 week base that is part of a larger 2.5 year cup base. This breakout from the smaller pattern took it out of the larger pattern, showing great upside volume. Nice lower volume test and is now in position to make the next run higher.
Volume: 1.257M Avg Volume: 1.398M
BUY POINT: $26.38 Volume=1.8M Target=$31.75 Stop=$24.91
POSITION: NQQ LE - Dec. $25c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/ntes.html
Downside:
Play Date: 09/03/2008
ROP (Roper Industries--$58.19; -1.02; optionable): Industrial equipment
http://biz.yahoo.com/p/r/rop.html
EARNINGS: Announced 7-24-08
STATUS: Put. ROP has made us downside money before back in July, and it is set up now to sell some more and make us more money. Made a lower high in mid-August and sold through the 200 day SMA (60.37). Bounced back up to the 200 day to test it Tuesday and turned. Wednesday it was down again. Ready to move in as it continues lower and looking for ROP to makes us around 50% with a run to the target.
Volume: 567.776K Avg Volume: 665.148K
BUY POINT: $57.91 Volume=685K Target=$54.45 Stop=$59.65
POSITION: ROP VL - Oct. $60p (-50 delta)
http://www.investmenthouse.com/ci/rop.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.
|
stock recommendation
stock investment information
|
