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Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 11/13/2008
AFAM (Almost Family, Inc.--$49.65; +5.30; optionable): Home health care
http://biz.yahoo.com/p/a/afam.html
EARNINGS: Announced 11-6-08
STATUS: Test breakout. AFAM Broke out from its 11 week base in late October, rallying on strong volume. The breakout and run through its earnings made us some nice money. It came back to test, and we said we would watch for the test and rebound to set us up a new buy point. Thursday it tested the 50 day EMA (41.60) intraday and then surged up on very strong trade. AFAM has tested and it is ready to continue its run.
Volume: 826.169K Avg Volume: 330.506K
BUY POINT: $50.34 Volume=400K Target=$59.95 Stop=$46.82
POSITION: KQA BJ - Feb $50c (48 delta, low OI & Wide Sprd) &/or Stock
http://www.investmenthouse.com/ci/afam.html
Play Date: 11/13/2008
CBST (Cubist Pharmaceuticals--$25.37; +1.65; optionable): Drugs
http://biz.yahoo.com/p/c/cbst.html
EARNINGS: Announced 10-16-08
STATUS: Breakout test. CBST just broke out from a 3 year trading range to end October. It rallied further on into last week and then started to test this week. Wednesday it closed at the 18 day EMA (23.81). Thursday CBST tested down to the 50 day EMA on the low (22.48) and reversed sharply on massive volume. Test completed. Looking to move in as CBST continues higher.
Volume: 2.547M Avg Volume: 1.005M
BUY POINT: $25.77 Volume=1M Target=$30.95 Stop=$23.77
POSITION: UTU AE - Jan. $25c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/cbst.html
Play Date: 11/13/2008
CF (CF Industries--$60.45; +8.22; optionable): Agricultural chemicals
http://biz.yahoo.com/p/c/cf.html
EARNINGS: Announced 10-27-08
STATUS: Reverse head and shoulders. Touched down to 50 on the Thursday low and rebounded on the best volume in over a month, moving through the 10 and 18 day EMA (59.40) on the close. It has formed a 7 week reverse head and shoulders at the bottom of its August to October selloff. That pattern often forms at the bottom of a selloff that is ready to make the move back up. Plenty of room to run up side back toward the 50 day EMA (76.66). Very nice set up to give us a very nice run here.
Volume: 9.232M Avg Volume: 5.251M
BUY POINT: $61.08 Volume=6M Target=$72.95 Stop=$57.32
POSITION: CF AL - Jan. $60c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/cf.html
Play Date: 11/13/2008
SLB (Schlumberger--$51.70; +6.71; optionable): Oil and gas service company
http://biz.yahoo.com/p/s/slb.html
EARNINGS: Announced 10-17-08
STATUS: Double bottom. Volume pushed back above average as SLB bounced off the second low in its 5 week pattern that formed at the bottom of its July to October selloff. Bounced Thursday to the 18 day EMA on the close (51.91). SLB has put in a good pattern at the bottom and has a good lead into a run toward the 50 day EMA (63.75).
Volume: 19.59M Avg Volume: 15.516M
BUY POINT: $52.08 Volume=18M Target=$62.95 Stop=$49.77
POSITION: SLB BJ - Feb. $50c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/slb.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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