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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Thursday night play results:
DBRN: Faded toward the 10 day EMA, further testing and setting up the next move higher.
OSIP: Solid advance of the Thursday gain though volume backed off.
CMVT: Started lower on volume but managed to rebound to cut some losses. Still ready to fall.
YHOO: Broke lower just ahead of earnings.
New Plays:
Upside:
Play Date: 12/09/2006
ATW (Atwood Oceanics--$51.01; +1.06; optionable): Oil and gas offshore drilling
http://biz.yahoo.com/p/a/atw.html
STATUS: Cup w/handle. Volume surged Friday as ATW started the breakout move from its 8 month base. One of the leaders in the 2005 run higher, this base has reset ATW for a new move higher. Friday it started that move. One of those patterns we talked about in the summary that shows what is ahead for oil prices.
Volume: 795.7K Avg Volume: 449.651K
BUY POINT: $51.48 Volume=475K Target=$60.95 Stop=$49.11
POSITION: ATW CJ - Mar. $50c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/atw.html
Play Date: 12/09/2006
CTRP (Ctrip.com International--$58.03; +2.21; optionable): Chinese travel services
http://biz.yahoo.com/p/c/ctrp.html
STATUS: Breakout test. The China stocks are looking quite solid. CTRP is volatile but no exception. It broke out from a solid 17 week double bottom in early November and surged higher. It tested to end that money and to start December, holding near the highs in the base. Volume surged on Tuesday as CTRP broke higher and again on Friday when it jumped back up, resuming the breakout move. Money flow is leading higher, pointing away to a new all-time high for the stock.
Volume: 488.854K Avg Volume: 410.849K
BUY POINT: $58.45 Volume=525K Target=$69.95 Stop=$55.25
POSITION: QCT CL - Mar. $60c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/ctrp.html
Play Date: 12/09/2006
SOHU (Sohu.com--$24.98; +0.28; optionable): Chinese internet content, search, etc.
http://biz.yahoo.com/p/s/sohu.html
STATUS: Double bottom w/handle. Looking at SOHU again as it held the late November drop lower tapping the 200 day SMA on the intraday lows to start this month and then recovering to the 18 day EMA (24.53). Volume was up Friday as it tapped and started up toward a breakout from its 7 month base. Excellent money flow is leading higher and we are looking for SOHU to make the break higher to follow it.
Volume: 720.536K Avg Volume: 595.806K
BUY POINT: $25.55 Volume=894K Target=$29.95 Stop=$24.38
POSITION: UZK CE - Mar. $25c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/sohu.html
Play Date: 12/09/2006
VSEA (Varian Semiconductor--$41.55; +1.00; optionable): Chip equipment
http://biz.yahoo.com/p/v/vsea.html
STATUS: Breakout test. VSEA is one of those chip stocks we mentioned that has held up well and is ready to move higher once more. It broke out from a 9 month double bottom in August and then formed a reverse head and shoulders in October and November. It has must tested the breakout from that base and has held up well, bumping up Friday at a new 6 year high as volume jumped. Looking to move in as it clears resistance.
Volume: 1.195M Avg Volume: 980.446K
BUY POINT: $42.22 Volume=1.4M Target=$48.95 Stop=$40.11
POSITION: UES EH - May $40c (64 delta, 62 OI) &/or Stock
http://www.investmenthouse.com/ci/vsea.html
New buy point on a current position:
Play Date: 12/09/2006
MA (MasterCard--$100.10; +0.42; optionable): Credit card services
http://biz.yahoo.com/p/m/ma.html
STATUS: Breakout test. MA is working in a two week lateral range, consolidating its huge run higher in November. It is holding the 10 day EMA (99.60) as it works laterally on low volume, refusing to give up its gains as it sets up for the next move. It ran to 100 and then suffered a bit of profit taking as is often the case at that level, but now it has consolidated and looking for a break higher from here.
Volume: 1.598M Avg Volume: 3.256M
BUY POINT: $101.05 Volume=3.5M Target=$119.90 Stop=$97.45
POSITION: MA DA - Apr. $105c (48 delta)
http://www.investmenthouse.com/ci/ma.html
Downside
Play Date: 12/09/2006
EYE (Visx--$36.34; +0.29; optionable): Medical instruments
http://biz.yahoo.com/p/e/eye.html
STATUS: Put. EYE has been in a downtrend since peaking in July. It fell to the 200 day SMA and then collapsed with a bit gap low. It tried to rebound, but could not make it far before cascading lower again. The past three weeks it has worked higher, back to the 18 day EMA (36.72), but on low volume. It looks to be stalling at that level and ready to continue lower. A move to the target lands a 55%ish gain.
Volume: 1.078M Avg Volume: 1.739M
BUY POINT: $36.04 Volume=1.8M Target=$34.51 Stop=$36.85
POSITION: EYE MG - Jan. $35p (-36 delta)
http://www.investmenthouse.com/ci/eye.html
Play Date: 12/09/2006
LIFC (Lifecell--$22.26; +0.26; optionable): Biotechnology
http://biz.yahoo.com/p/l/lifc.html
STATUS: Put. LIFC was rocking along nicely into late October when it gapped massively lower. It tried a rebound but failed as it got within spitting distance of the 18 day EMA (22.63). It found bottom at the end of November and has struggled back up toward the 18 day EMA, but is starting to show some wear at that level. Looking for it to turn over again at this resistance and follow the weak money flow lower as well. A move to the target lands a 60%ish gain.
Volume: 723.363K Avg Volume: 1.052M
BUY POINT: $22.04 Volume=1.1M Target=$20.01 Stop=$22.75
POSITION: QKL MX - Jan. $22.50p (-48 delta)
http://www.investmenthouse.com/ci/lifc.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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