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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: AH; CXW; IPAR; MA
New Plays:
Play Date: 05/03/2007
EBAY (Ebay--$34.62; +0.90; optionable): Online auctions, etc.
http://biz.yahoo.com/p/e/ebay.html
EARNINGS: 4-18-07
STATUS: Ascending base. Volume jumped back above average for the first time in two weeks as EBAY rallied up from the test of the 50 day EMA on Tuesday. EBAY announced earnings on the eighteenth and it tanked back from what was a pretty good 10 week ascending base. It held the 50 day EMA, however, and has worked its way back up to a breakout point. Like the higher volume Thursday and looking for it to clear the recent highs on strong trade to give us the buy point.
Volume: 17.825M Avg Volume: 15.357M
BUY POINT: $35.27 Volume=22M Target=$42.95 Stop=$33.32
POSITION: XBA JZ - Oct. $32.50c (64 delta) &/or Stock
http://www.investmenthouse.com/cd/ebay.html
Play Date: 05/03/2007
FDO (Family Dollar Stores--$32.94; +0.01; optionable):
http://biz.yahoo.com/p/f/fdo.html
EARNINGS: 6-28-07
STATUS: Test breakout. FDO is in that group of small discount stores that sell items for cheap. They have been performing better, quite a bit better. FDO broke higher from a 12 week double bottom with handle base Tuesday on very strong trade, then side-stepped the past two sessions on lower, below average volume. Good test of the break higher. Strong money flow is leading the way up, and when FDO resumes the move on stronger trade that is our entry point.
Volume: 1.509M Avg Volume: 1.748M
BUY POINT: $33.35 Volume=1.8M Target=$38.45 Stop=$32.08
POSITION: FDO JF - Oct. $30c (75 delta) &/or Stock
http://www.investmenthouse.com/cd/fdo.html
New buy point on current position:
Play Date: 05/03/2007
NVDA (Nvidia--$33.47; +0.62; optionable): Graphics semiconductors
http://biz.yahoo.com/p/n/nvda.html
EARNINGS: Cup w/handle. NVDA is setting up a nice new buy point, working laterally the past week after the nice break higher over the 90 day MA (32). It will likely take a couple more sessions to finish the lateral handle and set up the next break higher, and the earnings Thursday might do that. Long time; looks as if it will try and show us the break higher before then.
STATUS:
Volume: 8.337M Avg Volume: 11.362M
BUY POINT: $33.88 Volume=15M Target=$38.95 Stop=$32.48
POSITION: UVA IZ - Sept. $32.50c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/nvda.html
Downside:
Play Date: 05/03/2007
JCP (J.C. Penney--$79.19; -0.51; optionable): Department stores
http://biz.yahoo.com/p/j/jcp.html
EARNINGS: Third week of May
STATUS: Put. JCP made a low volume broad top in late March and April, at the same time making a lower high below the February peak. It ended the month with a nasty break lower below the 90 day MA. It bounced just modestly Tuesday and then started to fade again Wednesday and Thursday. Volume was still low Thursday but it was higher. Looking to move in as JCP continues lower. A move down tot the target lands a 42%ish gain.
Volume: 2.012M Avg Volume: 2.416M
BUY POINT: $79.05 Volume=2.5M Target=$76.25 Stop=$80.74
POSITION: JCP RP - June $80p (-53 delta)
http://www.investmenthouse.com/cd/jcp.html
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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