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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Wednesday night play results:
HIBB: Faded back down after the strong move higher Wednesday
INAP: Continued higher on solid volume.
SMSI: Volume fell off the table and the move stalled.
STEC: Gapped higher on some huge volume.
New Plays:
Upside:
Play Date: 11/17/2006
HET (Harrahs Entertainment--$76.08; +1.17; optionable): Resorts and casinos
http://biz.yahoo.com/p/h/het.html
STATUS: Cup w/handle. Strong volume Thursday as HET starts higher in the handle of its 7 month base. Money flow is surging ahead of price, and the sector has been on fire. Looking for continued solid trade as it make the break higher.
Volume: 4.322M Avg Volume: 2.7M
BUY POINT: $76.38 Volume=3M Target=$85.45 Stop=$74.42
POSITION: HET BO - Feb. $75c (59 delta) &/or Stock
http://www.investmenthouse.com/cd/het.html
Play Date: 11/17/2006
HLF (Herbalife--$41.32; +1.44; optionable): Health supplements
http://biz.yahoo.com/p/h/hlf.html
STATUS: Reverse head and shoulders breakout. Excellent volume of late, and it was up again Thursday as HLF surged, making the breakout from its six month base. The move is taking HLF to a new all-time high. It has great fundamentals growth rates to match its pattern. Looking for more as it continues the move.
Volume: 967.7K Avg Volume: 350K
BUY POINT: $41.51 Volume=525K Target=$48.95 Stop=$38.95
POSITION: HLF BH - Feb. $40c (63 delta) &/or Stock
http://www.investmenthouse.com/cd/hlf.html
Play Date: 11/17/2006
OTEX (Open Text--$20.31; +0.44; optionable): Internet software
http://biz.yahoo.com/p/o/otex.html
STATUS: Test breakout. OTEX is on the move again, rallying Thursday on strong volume as it resumes the breakout move from its 6 month cup with handle base. Excellent price/volume action on the run higher shows the buyers coming in still. Very nice action from a leader sporting strong fundamentals growth rates.
Volume: 756.1K Avg Volume: 375K
BUY POINT: $20.48 Volume=388K Target=$24.65 Stop=$19.31
POSITION: QFT BD - Feb. $20c (56 delta) &/or Stock
http://www.investmenthouse.com/cd/otex.html
Play Date: 11/16/2006
SOHU (Sohu.com--$25.05; +0.63; optionable): Chinese internet
http://biz.yahoo.com/p/s/sohu.html
STATUS: Double bottom w/handle. This sector is running and gunning, and SOHU was breaking higher Thursday on strong, above average volume. Nice breakout from its 7 month base on Monday, and Thursday it starting running again. Looking to move in as it continues its nice action, and it has plenty of room to run upside.
Volume: 889.2K Avg Volume: 685K
BUY POINT: $25.31 Volume=1M Target=$29.95 Stop=$23.89
POSITION: UZK CE - Mar. $25c (53 delta) &/or Stock
http://www.investmenthouse.com/cd/sohu.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AAPL, AKAM, CELG, DRIV, GME, GOOG, ISE, MA, MRVL, NVDA, WEBX
AAPL: Enjoying the pre-holiday run.
ISE: After this test of the 18 day EMA it may b ready to make its next move.
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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trade stock
stock recommendation
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