stock recommendation, stock market recommendation

Begin part 3 of 3

THE PLAYS:

Play Date: 09/18/2008
BBBB (Blackboard--$43.62; +4.39; optionable): Multimedia, graphics software
http://biz.yahoo.com/p/b/bbbb.html
EARNINGS: 10-29-08
STATUS: Cup w/handle. Good volume surge the past week as BBBB held the 90 day SMA, completing the 10 week handle to its 11 month base. Big volume Thursday as BBBB blasted off on the breakout. Big run the through Q3 2007 needed a new base and this is a nicely formed pattern showing the selloff, the accumulation, and now the breakout. Ready to take some positions as it makes its continued move and then buy some more after the first successful test. Leader starting to lead again.
Volume: 1.095M Avg Volume: 362.209K
BUY POINT: $43.83 Volume=550K Target=$50.45 Stop=$41.85
POSITION: BPU AH - Jan. $40c (68 delta, 135 OI) &/or Stock
http://www.investmenthouse.com/ci/bbbb.html

Play Date: 09/18/2008
PETS (PetMed Express--$15.62; +0.65; optionable): Mail order pet scripts
http://biz.yahoo.com/p/p/pets.html
EARNINGS: Third week of October
STATUS: Test 18 day EMA. Got shaken out of PETS as it came off a move higher and the market started to sell off. It tanked down to 14.86 and the move looked good. Then the afternoon rally took over. Exploded up to 17.46 on the high but then reversed for a modest gain. Good volume, holding near support at the 18 day EMA (15.15), looking at strong money flow moving up. Why the heck did I move out of this one? Anyway if it moves up again we will move in . . . again.
Volume: 542.576K Avg Volume: 313.675K
BUY POINT: $15.92 Volume=450K Target=$19.48 Stop=$14.84
POSITION: TRQ LC - Dec. $15c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/pets.html

Play Date: 09/18/2008
SHLD (Sears Holding Corp.--$103.00; +5.60; optionable): Department stores
http://biz.yahoo.com/p/s/shld.html
EARNINGS: Last week October
STATUS: Reverse head and shoulders. SHLD is one of several stocks this accumulation pattern at the bottom of a larger base. The 8 month reverse head and shoulders has formed the bottom to a 17 month cup base; the reverse head and shoulders is what is going to take it off the bottom of this pattern and build the right side of the base. Showing some good upside volume as it cleared the key 200 day SMA (93.74) the past week. Tried the breakout Wednesday in a down market but in the end was reeled back in. Thursday it held more of the move. Still in great position over the 10 day EMA (96.17) to make the break higher and follow money flow that is screaming higher.
Volume: 4.486M Avg Volume: 3.458M
BUY POINT: $103.28 Volume=5M Target=$119.85 Stop=$96.05
POSITION: KTQ LT - Dec. $100c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/shld.html

Play Date: 09/18/2008
WBSN (Websense--$23.23; +1.60; optionable): Internet meeting services
http://biz.yahoo.com/p/w/wbsn.html
EARNINGS: 10-28-08
STATUS: Test 50 day EMA. WBSN gapped over its November 2006/May 2008 down trendline in late July on its earnings, rallied nicely to 23. It then tested over the past 5 weeks, making a double bottom over the 50 day EMA (21.19). Great surge Thursday, clearing the August peaks as it makes its next breakout move. Makes sense to take some positions as WBSN continues upside and then more when it makes the test of this initial break higher.
Volume: 1.359M Avg Volume: 598.454K
BUY POINT: $23.42 Volume=700K Target=$28.21 Stop=$21.78
POSITION: DQH AX - Jan. $22.50c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/wbsn.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 market recommendation