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Begin part 3 of 3
THE PLAYS:
Play Date: 11/05/2009
BWLD (Buffalo Wild Wings--$42.54; +1.03; optionable): Casual eateries
http://biz.yahoo.com/p/b/bwld.html
After Hours: $42.54
EARNINGS: 10/27/2009
STATUS: Triangle. BWLD is breaking higher in a 9 week triangle that formed on the heels of a 5 month cup with handle; something of a base on base pattern has set the stage for a good move. BWLD made us some good money on its last run in the summer and it looks ready to move again after this series of higher lows along the 50 day EMA. Looking for a continued move higher to start some positions. Friday so not likely a full position unless BWLD is showing some hot and spicy moves.
VIDEO: http://investmenthouse1.com/ihmedia/BWLD.wmv
Volume: 276.792K Avg Volume: 423.462K
BUY POINT: $42.64 Volume=635K Target=$48.95 Stop=$39.77
POSITION: BQU CH - Mar. $40c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/bwld.html
Play Date: 11/05/2009
HMSY (HMS Holdings--$42.55; +1.11; optionable): Business services
http://biz.yahoo.com/p/h/hmsy.html
After Hours: $42.55
EARNINGS: 10/30/2009
STATUS: Test breakout. HMSY gapped higher on its earnings to end October, clearing a 13 week base. Strong volume and a nice gap, coming back to fill it this week or at least most of it. Nice bounce Thursday off near support and we are looking for a continued move higher to a new all-time high.
VIDEO: http://investmenthouse1.com/ihmedia/HMSY.wmv
Volume: 275.166K Avg Volume: 283.83K
BUY POINT: $42.94 Volume=400K Target=$48.95 Stop=$40.98
POSITION: QHT CH - Mar. $40c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/hmsy.html
Play Date: 11/05/2009
RJET (Republic Airways--$7.96; -0.08; optionable): Regional airlines
http://biz.yahoo.com/p/r/rjet.html
After Hours: $7.96
EARNINGS: 11/05/2009
STATUS: ABCD. Nice setup, a pattern seen in a few of the airlines. Strong surge in August through mid-September, and then the pullback started. RJET stair stepped lower, making a nominal lower low this week but moving laterally, showing it wants to stick at this level and form the D point. Strong volume Thursday as RJET tested lower and then reversed to close flat. That shows the buyers moving back in and as RJET makes the move to the upside and holds the gain into the close that is when we move in.
VIDEO: http://investmenthouse1.com/ihmedia/RJET.wmv
Volume: 627.865K Avg Volume: 461.038K
BUY POINT: $8.11 Volume=600K Target=$9.95 Stop=$7.54
POSITION: EQE BU - Feb. $7.50c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/rjet.html
Downside:
Play Date: 11/05/2009
FUQI (Fuqi International--$21.32; +1.26; optionable): Consumer recreational products
http://biz.yahoo.com/p/f/fuqi.html
After Hours: $21.27
EARNINGS: 11/09/2009
STATUS: Bear flag. Nice rally from May to September, but then it peaked and started to form a triangle from September to late October. It broke lower from the triangle with some massive volume. It fell to 20 and then held the line, moving laterally and slightly higher, making higher intraday lows. Not a huge bounce, still well below the 38% retracement level. Thus if FUQI falls over here there is a lot of downside momentum. After this bounce we are ready to move in. a run to the target lands us a 47%ish gain.
VIDEO: http://investmenthouse1.com/ihmedia/FUQI.wmv
Volume: 1.382M Avg Volume: 1.802M
BUY POINT: $21.84 Volume=2M Target=$17.82 Stop=$22.32
POSITION: QXF MX - Jan. $22.50p (-46 delta)
http://www.investmenthouse.com/ci/fuqi.html
Play Date: 11/05/2009
MICC (Millicom Cellular--$66.84; +1.09; optionable): Foreign telecom services
http://biz.yahoo.com/p/m/micc.html
After Hours: $66.84
EARNINGS: 10/20/2009
STATUS: Bear flag. Strong run in July needed a consolidation and MICC did plenty of that, moving laterally in a trading range for 12 weeks. MICC ran to the top of the range the day before the earnings, and they could not live up to expectations. Broke out of the bottom of the base in late October and sold off to support at the July gap up point. Bounced this week on lower and lower trade, forming a bear flag. Looking for it to fail here and turn lower, giving us the buy. A move to the target lands a 48%ish gain.
VIDEO: http://investmenthouse1.com/ihmedia/MICC.wmv
Volume: 333.74K Avg Volume: 570.341K
BUY POINT: $66.44 Volume=700K Target=$61.51 Stop=$68.22
POSITION: CQD XN - Dec. $70p (-59 delta)
http://www.investmenthouse.com/ci/micc.html
Play Date: 11/05/2009
SOHU (Sohu.com--$55.16; -0.09; optionable): Chinese internet
http://biz.yahoo.com/p/s/sohu.html
After Hours: $54.98
EARNINGS: 10/26/2009
STATUS: Bear flag. A market leader and was cruising along, rallying ahead of earnings in late October. Tried to breakout the day before, and then on the earnings announcement it gapped lower. Kept selling down near support at 50 and then reversed starting Tuesday. Rallied up to the 200 day SMA (56.65) Wednesday and then tried it again on Thursday but SOHU reversed to close near its session low. Ripe to roll over. A move down to the target lands ups a 46%ish gain.
VIDEO: http://investmenthouse1.com/ihmedia/SOHU.wmv
Volume: 1.032M Avg Volume: 849.298K
BUY POINT: $54.86 Volume=1.2M Target=$50.11 Stop=$56.78
POSITION: TKZ MK - Jan. $55p (-44 delta)
http://www.investmenthouse.com/ci/sohu.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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