trade stock, stock recommendation

Begin part 3 of 3

THE PLAYS

New plays:

Play Date: 01/09/2007
BIDU (Baidu.com--$123.72; +1.77; optionable): Chinese language internet search
http://biz.yahoo.com/p/b/bidu.html
STATUS: Test breakout. BIDU is in a short 5 week cup with handle base that is acting to consolidate the November breakout and run higher from a 14 week ascending base. Nice, low volume as the current base formed with volume surging back to start the year as it rallied to form the right side of the base. Nice pullback this week to shake out the sellers. Looking to move in as it starts higher on volume. Trade did move higher Tuesday, a positive sign the breakout is coming.
Volume: 2.738M Avg Volume: 2.841M
BUY POINT: $125.22 Volume=4.5M Target=$139.95 Stop=$119.89
POSITION: BDQ FE - June $125c (57 delta)
http://www.investmenthouse.com/ct/bidu.html

Play Date: 01/09/2007
KNOL (Knology, Inc.--$11.23; +0.68; no options): Wireless telecom
http://biz.yahoo.com/p/k/knol.html
STATUS: Ascending base. Volume jumped as did price Tuesday as KNOL tried the breakout from a 22 week base formed using the 50 day EMA (10.41) as support as it made higher lows. Very strong money flow is leading higher and KNOL looks super for the breakout (sorry; could not come up with a clever, snappy line).
Volume: 184.061K Avg Volume: 125.421K
BUY POINT: $11.38 Volume=165K Target=$13.95 Stop=$10.58
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/knol.html

Play Date: 01/09/2007
LRCX (Lam Research--$51.18; -0.10; optionable): Chip equipment
http://biz.yahoo.com/p/l/lrcx.html
STATUS: Test 50 day EMA. LRCX is trying to make a higher low at the 50 day EMA (51.05) after testing the 90 day MA in late December. Strong volume as it bounced higher to start the year and an easy pullback this week. Money flow is running higher ahead of price, and we are looking for LRCX to follow it higher.
Volume: 3.507M Avg Volume: 3.709M
BUY POINT: $52.45 Volume=5.5M Target=$60.45 Stop=$50.21
POSITION: LMQ FJ - June $50c (56 delta) &/or Stock
http://www.investmenthouse.com/ct/lrcx.html

Good Investing!
Jon L. Johnson and your Technical Traders Report Team

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trade stock
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