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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS:
Good movers: HOC; RL; SYK; SAY
New Plays:
Upside: Putting these on the report as they have held up well. Want to see solid moves upside to enter, and when we do we will move in with partial positions.
New Post-Split Plays:
Play Date: 02/28/2007
ANST (Ansoft--$30.99; +0.03; optionable): Electronic automated design software
http://biz.yahoo.com/p/a/anst.html
EARNINGS: Announced 2-14-07
STATUS: Breakout test. ANST made us some nice money on its last move, the breakout from its 15 week ascending base. It sold on Tuesday on strong volume, falling to the 18 day EMA (30.86) and holding that level Wednesday, showing a doji on low volume. Excellent action in a market that is in trouble. It is susceptible to all out market selling, but it is showing excellent relative strength and if it gives us a strong volume upside move we will start working into some positions.
Volume: 141.88K Avg Volume: 197.868K
BUY POINT: $31.65 Volume=325K Target=$36.45 Stop=$30.48
POSITION: UZD GF - July $30c (63 delta, 57 OI) &/or Stock
http://www.investmenthouse.com/cs/anst.html
Play Date: 02/28/2007
TALX (Talx Corp.--$34.03; +0.60; optionable): Payroll services
http://biz.yahoo.com/p/t/talx.html
EARNINGS: Announced 1-24-07
STATUS: Test 18 day EMA. TALX is making the second test of its late January, earnings induced breakout from a 11 month cup with handle base. TALX started the second leg with a massive gap two weeks back that made us a nice chunk of change. It has tested back since, coming back to the 18 day EMA (33.51) in a very orderly, relatively low volume test. Even in the Tuesday selling its volume was lower than the prior session and right at average. Wednesday TALX started to bounce on rising volume. Money flow is still way out in front of price. Nice. Looking for more volume as TALX moves higher.
Volume: 1.074M Avg Volume: 490.6K
BUY POINT: $34.41 Volume=900K Target=$39.65 Stop=$33.22
POSITION: TUB FG - July $35c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/talx.html
Downside:
Play Date: 02/28/2007
SPY (S&P 500 ETF --$140.93; +1.43; optionable)
http://biz.yahoo.com/p/s/spy.html
STATUS: Put. SPY undercut its 90 day MA (141.41) on the Tuesday close and Wednesday it tested that move, moving up through that level intraday but then rolling back over to close below it. It may try it again, and we are looking for it to fail at that level and roll back down. It may or may not test, but either way we want to catch the move back down. A move to the target from the Wednesday close lands a 42%ish gain.
Volume: 177.574M Avg Volume: 68.969M
BUY POINT: $140.76 Volume=70M Target=$138.00 Stop=$141.51
POSITION: SFB PK - Apr. $141p (-44 delta)
http://www.investmenthouse.com/cs/spy.html
Good Investing!
Jon L. Johnson and the Stock Split Report 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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us stock market
stock recommendation
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