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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 10/23/2008
AFAM (Almost Family, Inc.--$39.54; -0.39; optionable): Home health care
http://biz.yahoo.com/p/a/afam.html
EARNINGS: No confirmed date
STATUS: Cup w/handle. Nice handle forming the past two sessions on lower, below average volume as AFAM puts the finishing touches on a new 8 week base. This base formed after AFAM moved to a new high in late August. Nice run from May to August and this leader needed a base to rest and set up again. Volatile base but the selling this fall was volatile and still AFAM formed up a new solid base. Nice break higher last week and on through Tuesday, now testing. On the next break higher with rising volume AFAM is a new buy.
Volume: 218.725K Avg Volume: 324.147K
BUY POINT: $40.65 Volume=475K Target=$48.85 Stop=$37.98
POSITION: KQA BH - Feb. $40c (49 delta, wide sprd low OI) &/or Stock
http://www.investmenthouse.com/ci/afam.html
Play Date: 10/23/2008
CELG (Celgene--$58.05; +4.76; optionable): Biotechnology
http://biz.yahoo.com/p/c/celg.html
EARNINGS: Announced 10-23-08 before the open
STATUS: Trend reversal. Strong volume and price move Thursday as CELG enjoyed a ride higher on strong earnings, pushing through the 18 day EMA (57.80) on the close. Has not closed over the 18 day EMA for some time and with the volume we are looking for CELG to make a bounce here for us. The 200 day SMA is at 62.76 and that will cause some resistance; when it hits that we will look at banking some of the option gain at least then see what new staying power it has after the initial earnings move.
Volume: 11.27M Avg Volume: 5.432M
BUY POINT: $58.32 Volume=7M Target=$66.95 Stop=$55.88
POSITION: LQH AK - Jan. $55c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/celg.html
Play Date: 10/23/2008
DIG (Oil & Gas Ultra ETF--$30.00; +3.00; optionable)
STATUS: Rolling. DIG is rolling up and down in a range from 25 to 37-38 on the closes at the top of the range. Reached lower and reversed Thursday on very strong volume. Looking to step in and play DIG on the roll to the top of the range. If it continues higher from there say on up to 40, great. We will be digging it even more in that case and will let some of the positions move higher for us.
Volume: 30.432M Avg Volume: 6.529M
BUY POINT: $30.32 Volume=15M Target=$36.00 Stop=$28.24
POSITION: DPB LD - Dec. $30c (51 delta, 101 OI) &/or Stock
http://www.investmenthouse.com/ci/dig.html
Play Date: 10/23/2008
RTN (Raytheon Co.--$46.84; +2.69; optionable): Aerospace/defense
http://biz.yahoo.com/p/r/rtn.html
EARNINGS: Announced 10-23-08 before the open
STATUS: Trend reversal. Volume is jumping on certain days with RTN, doing so Thursday on its earnings. It has moved laterally the past two weeks after selling off in September and early October but not the gut-punch dive lower as with many stocks. Very good action and looking for RTN to make the break higher off of this earnings momentum.
Volume: 6.589M Avg Volume: 3.288M
BUY POINT: $47.55 Volume=4M Target=$53.65 Stop=$44.22
POSITION: RTN AI - Jan. $45c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/rtn.html
Good Investing!
Jon L. Johnson and your IH Alerts Team
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 in 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. Good Investing!
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stock recommendation
stock option
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