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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: FIG
New Plays:
Upside:
Play Date: 04/19/2007
COGO (Comtech Group--$18.88; -0.12; optionable): Mobile handset modules, etc. for electronics manufacturers in China
http://biz.yahoo.com/p/c/cogo.html
EARNINGS: Announced 2-8-07
STATUS: Cup w/handle. Taking another look at COGO as it sets up once more for a breakout to a new all-time high. It surged higher in early March but then reversed, managing to hold the 10 day EMA in a big blow down right after the breakout move. It held and now has set up a new handle at near support, looking again for a breakout to a new all time high. Nice 15 week base.
Volume: 496.294K Avg Volume: 567.862K
BUY POINT: $19.38 Volume=700K Target=$23.38 Stop=$18.22
POSITION: UWK ID - Sept. $20c (50 delta) &/or Stock
http://www.investmenthouse.com/ct/cogo.html
Play Date: 04/19/2007
MICC (Millicom Cellular--$84.43; +1.22; optionable): Worldwide mobile telephone services
http://biz.yahoo.com/p/m/micc.html
EARNINGS: 4-24-07
STATUS: Test breakout. Taking another look at MICC as it put in more work on its 9 week ascending base. It worked laterally in a tight range for a week and then gapped lower Thursday only to recover and close positive at the top of its range and on strong volume. Like the low to high action. Looking to move in if it can show us the breakout move.
Volume: 627.483K Avg Volume: 600.757K
BUY POINT: $84.88 Volume=900K Target=$97.75 Stop=$81.98
POSITION: CQD GQ - July $85c (51 delta) &/or Stock
http://www.investmenthouse.com/ct/micc.html
A new look at
Play Date: 04/19/2007
VCLK (Valueclick--$29.24; -0.53; optionable): Internet advertising services
http://biz.yahoo.com/p/v/vclk.html
EARNINGS: 5-3-07
STATUS: Test breakout. VCLK gapped lower on the EBAY earnings, and we took the rest of the gain off the table, a bit prematurely as we found out. It managed to hold the 10 day EMA on the close, showing a hammer doji on the candlestick chart. That pullback also put it right on top of the late February high that marks the top of the base. We are looking for VCLK to hold this support and then start to bounce on rising trade. If it does we will move right back in.
Volume: 1.538M Avg Volume: 1.944M
BUY POINT: $29.88 Volume=2.6M Target=$35.45 Stop=$28.95
POSITION: QCS IF - Sept. $30c (61 delta) &/or Stock
http://www.investmenthouse.com/ct/vclk.html
Good Investing!
Jon L. Johnson and your Technical Traders Report 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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