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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 10/22/2009
ELOS (Syneron Medical--$11.35; +0.12; optionable): Medical appliances
http://biz.yahoo.com/p/e/elos.html
EARNINGS: 08/13/2009
STATUS: Pennant/38% Fibonacci. Strong break higher in mid-September blasted ELOS to a new post-March high. Big one day move and it has spent the following 4 weeks consolidating. It has tested the 38% Fibonacci retracement twice, bouncing up his week off the second test. Looking to move in as ELOS continues the break higher.
Volume: 84.436K Avg Volume: 265.103K
BUY POINT: $11.48 Volume=385K Target=$13.35 Stop=$10.89
POSITION: QOE AB - Jan. $10c (72 delta) &/or Stock
http://www.investmenthouse.com/ci/elos.html
Play Date: 10/22/2009
FEIC (FEI Company--$23.93; +0.04; optionable): Scientific and technical instruments
http://biz.yahoo.com/p/f/feic.html
After Hours: $23.93
EARNINGS: 11/03/2009
STATUS: ABCD. Nice rally from August to mid-September took FEIC to a new rally high. For the past five weeks FEIC is testing, coming back to the 61% Fibonacci retracement. Thursday FEIC made a big reach lower to a new low on this test and then reversed sharply, showing a nice doji with a big tail or shadow. The buyers swooped in and picked it up. That looks to be the D point and as FEIC continues higher we are ready to move in.
Volume: 123.24K Avg Volume: 178.271K
BUY POINT: $24.31 Volume=250K Target=$27.45 Stop=$23.31
POSITION: FEQ AD - Jan. $20c (81 delta) or FEQ CX - Mar. $22.50c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/feic.html
Play Date: 10/22/2009
KLIC (Kulicke & Soffa--$5.32; +0.05; optionable): Chip equipment
http://biz.yahoo.com/p/k/klic.html
After Hours: $5.32
EARNINGS: 07/29/2009
STATUS: ABCD Nice surge in early September started the pattern, and this last selloff the past week looks to be forming the D point. Thursday KLIC bounced positive, and if it can continue to move higher we move in to play the pattern for a nice break higher. Nicely formed if it holds here and continues to bounce. If not we let it go for now. Has the makings of a nice runner for us.
Volume: 511.354K Avg Volume: 827.114K
BUY POINT: $5.48 Volume=875K Target=$6.95 Stop=$5.16
POSITION: KQS AA - Jan. $5c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/klic.html
New play on current position:
Play Date: 10/22/2009
PAET (Paetec--$4.19; +0.08; optionable): Telecom
http://biz.yahoo.com/p/p/paet.html
After Hours: $4.19
EARNINGS: 11/05/2009
STATUS: Breakout test/Flag. Why not a new play on this winner? PAET surged in September through mid-October, breaking out of a 4 month base in late September. Nice base, nice breakout and run. The test the past week brought PAET back to near support at the 18 day EMA (4.07) and over the Fibonacci 38% retracement level. A pair of intraday tests lower, one Monday, one Thursday, has set up the bounce. After this move higher Thursday we are looking to move in as PAET continues upside. Plenty of overhead room to make us some very nice gain.
Volume: 791.378K Avg Volume: 850.139K
BUY POINT: $4.28 Volume=1M Target=$5.75 Stop=$3.98
POSITION: QLI CZ - Mar. $2.50c (87 delta) &/or Stock
http://www.investmenthouse.com/ci/paet.html
Downside:
Play Date: 10/22/2009
BHP (BHP Billiton--$73.98; +0.56; optionable): Industrial metals
http://biz.yahoo.com/p/b/bhp.html
After Hours: $74.10
EARNINGS: 08/12/2009
STATUS: Downside. Yes BHP is in a strong uptrend, but it has also gapped higher this month and in its initial run it rallied to the 161% Fibonacci extension, not even stopping at the 127% level. It has piled up against the 161 level and on the 60 minute chart it has formed a head and shoulders top. The probabilities favor a test of the 127% level as an initial target. That is a 31%ish gain. With the gap it has a good shot of filling down to 69.90ish. That move gives us a 42%ish gain. Not bad playing a corrective move in an uptrend.
Volume: 5.285M Avg Volume: 4.053M
BUY POINT: $73.82 Volume=4.8M Target=$70.84 Stop=$74.94
POSITION: BHP XO - Dec. $75p (-50 delta)
http://www.investmenthouse.com/ci/bhp.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.
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stock recommendation
stock investment information
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