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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 07/08/2009
AAPL (Apple Computer--$137.22; +1.82; optionable)
http://biz.yahoo.com/p/a/aapl.html
After Hours: $137.50
EARNINGS: 07/21/2009
STATUS: Looking at another squeeze to the upside on AAPL. Of course our last play was a squeeze and AAPL kept on going higher. AAPL broke higher in an ABCD pattern in late June, and has come back to test, making a higher low this week, holding over the 50 day EMA (132.78). Wednesday it tested lower then reversed positive on rising, above average volume. AAPL is showing it wants to lead a bounce once more. An early pullback would be nice but may not get it.
Volume: 20.556M Avg Volume: 18.731M
BUY POINT: $137.67 Volume=23M Target=$147.89 Stop=$132.48
POSITION: APV JG - Oct. $135c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/aapl.html
Play Date: 07/08/2009
BIDU (Baidu.com--$274.88; -1.27; optionable): Chinese search
http://biz.yahoo.com/p/b/bidu.html
After Hours: $275.25
EARNINGS: 04/27/2009
STATUS: BIDU is setting up for an interesting bounce. It tested lower in late June but caught itself and rebounded just below the highs. It tested this month, tapping Wednesday down at the June low and just over the 50 day EMA (266). As with many big names it rebounded into the close, rallying back on strong, above average volume. There are buyers in those dips in big names. Nice intraday reversal and looking to move into BIDU as it continues the move higher toward the prior peak. Using options to play this one.
Volume: 2.365M Avg Volume: 1.927M
BUY POINT: $276.31 Volume=2.5M Target=$307.85 Stop=$265.68
POSITION: BDU IW - Sept. $270c (58 delta)
http://www.investmenthouse.com/ci/bidu.html
Play Date: 07/08/2009
GOOG (Google--$402.49; +5.86; optionable)
http://biz.yahoo.com/p/g/goog.html
After Hours: $404.00
EARNINGS: 07/16/2009
STATUS: Looking at another big name that sold off on volume Tuesday and we took it off the report. Wednesday GOOG reversed on rising volume. Unlike other stocks it did not reach way down and then reverse; it gapped higher and tried the 50 day EMA (406), but could not make that move stick. Stronger volume as it held its gain, however. Selloffs that break support and then quickly reverse on strong volume are very interesting moves; they often lead to a new bounce as buyers jump into action. A big aggressive, but a good risk/reward position for this one with a lot of upside potential.
Volume: 3.441M Avg Volume: 3.343M
BUY POINT: $403.38 Volume=4M Target=$444.94 Stop=$394.96
POSITION: GOP IT - Sept. $400c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/goog.html
Play Date: 07/08/2009
IBM (International Business Machines--$100.68; +0.49; optionable)
http://biz.yahoo.com/p/i/ibm.html
After Hours: $100.68
EARNINGS: 07/16/2009
STATUS: Holding at support at 100, showing that familiar selloff then rebound to positive, moving up on rising volume. Has sold to the bottom of the range and if IBM can bounce and hold the move it is a buy for the rebound back up. Another play with a good risk/reward position.
Volume: 7.381M Avg Volume: 7.99M
BUY POINT: $101.21 Volume=10M Target=$110.89 Stop=$99.21
POSITION: IBM JT - Oct. $100c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/ibm.html
Play Date: 07/08/2009
MSFT (Microsoft--$22.56; +0.03; optionable): Software
http://biz.yahoo.com/p/m/msft.html
After Hours: $22.58
EARNINGS: 07/23/2009
STATUS: Test 50 day EMA. Nice late May through June run is getting tested. MSFT fell fairly sharply Friday to Tuesday, then started lower Wednesday, heading down to the 50 day EMA (21.88) on the low. It rebounded on rising, above average volume, closing flat. Nice shakeout to finish the test and we are looking to move into MSFT as it continues higher off this quick test.
Volume: 73.014M Avg Volume: 63.165M
BUY POINT: $22.72 Volume=85M Target=$26.95 Stop=$21.69
POSITION: MQF JU - Oct. $21c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/msft.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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stock recommendation
stock investment information
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