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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 03/12/2009
CHU (China Unicom--$10.22; +0.67; optionable): Chinese wireless telecom
http://biz.yahoo.com/p/c/chu.html
After Hours: $10.14
EARNINGS: April 2009
STATUS: Cup. Strong volume Thursday, surging well above average as CHU broke over the 50 day EMA (10.05) that stalled it earlier in the month. It also cleared the early February high as well. Very nice 5 week cup formed off the January low and with the strong volume we are looking for CHU to continue the breakout move that started today. Coming to life in a big way as are many of the China stocks.
Volume: 2.936M Avg Volume: 1.837M
BUY POINT: $10.32 Volume=2.5M Target=$12.55 Stop=$9.59
POSITION: CHU GB - July $10c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/chu.html
Play Date: 03/12/2009
EEM (Emerging Markets ETF--$23.23; +0.86; optionable)
After Hours: $23.21
STATUS: Double bottom. Coming off the second bottom in a 10 week base, moving through the 50 day EMA (22.79) Thursday. EEM made us a lot of money on the downside in its plunge from last summer, and now it has set up to move higher as China shows improving growth and will try and drag the emerging markets with it. Looking for some more trade as it makes it continued move.
Volume: 77.711M Avg Volume: 78.124M
BUY POINT: $23.32 Volume=85M Target=$26.95 Stop=$21.88
POSITION: MBY FV - June $22c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/eem.html
Play Date: 03/12/2009
NETL (Netlogic Microsystems--$26.97; +0.58; optionable): Semiconductor
http://biz.yahoo.com/p/n/netl.html
After Hours: $26.97
EARNINGS: 02/03/2009
STATUS: Cup w/handle. One of the first larger cup with handle bases showing up on this recovery, NETL has set up a 6 month base, bumping the 200 day SMA (26.99), preparing for the breakout. The past 5 weeks it has formed something of a mini cup with handle base as the handle consolidation. Money flow is running higher ahead of price, ready to pull NETL with it. Like the breakout over the 200 day SMA as the buy point; good entry, good stop point if it cannot hold the move. Looking solid for the breakout, however.
Volume: 595.808K Avg Volume: 804.836K
BUY POINT: $27.23 Volume=1.2M Target=$32.35 Stop=$25.32
POSITION: LKT GE - July $25c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/netl.html
Play Date: 03/12/2009
NVLS (Novellus Systems--$13.30; +0.79; optionable): Chip equipment
http://biz.yahoo.com/p/n/nvls.html
After Hours: $13.30
EARNINGS: 02/04/2009
STATUS: Double bottom. Flipping this play over as it continued higher and did not stall out. NVLS has formed a 5 week double bottom at the late December low. Thursday it jumped up through the 50 day EMA (13.13) and right up to the 'hump' in the middle of the base. On a continued move we pick up some positions, then see how it tests and pick up more if it gives us another good entry point.
Volume: 3.791M Avg Volume: 2.774M
BUY POINT: $13.57 Volume=3.8M Target=$15.85 Stop=$12.62
POSITION: NLQ FV - June $12.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/nvls.html
New Buy Point on Current Position:
Play Date: 03/12/2009
SOHU (Sohu.com--$48.08; -0.98; optionable): China internet services
http://biz.yahoo.com/p/s/sohu.html
After Hours: $48.08
EARNINGS: 02/09/2009
STATUS: Double bottom forming a handle. SOHU is in a 10 week ascending base, the last 3 weeks forming a short double bottom with handle, the handle starting Thursday. Good volume on the move up Wednesday, and with the Thursday move it may take another session or two of lateral movement before it breaks higher once more. Aggressive buy when it moves up over the Wednesday high. Breakout is over 50.
Volume: 1.584M Avg Volume: 1.252M
BUY POINT: $49.18 Volume=1.6M Target=$57.95 Stop=$47.08
POSITION: UZK FJ - June $50c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/sohu.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.
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