|
|
us stock market, trade stock
Begin part 3 of 3
THE PLAYS
Good movers: RIMM; AEO; AKAM; SBUX; TTEC
New Plays:
Upside:
Play Date: 05/24/2007
GME (Gamestop--$35.21; -0.64; optionable): Video games stores
http://biz.yahoo.com/p/g/gme.html
EARNINGS: Announced 5-23-07
STATUS: Test 18 day EMA. GME announced some solid earnings this week but it had already put in a good move ahead of the number and the result was anticlimactic. It has come back to test, tapping the 18 day EMA (34.81) on the intraday low Thursday and rebounding modestly. Lower volume on the session so no dumping, just a pullback. This is testing the breakout from a 6 week lateral base GME broke higher from two weeks back. May come back to test the 18 day EMA once again, but want to be ready to step in as GME rebounds off of this test of near support.
Volume: 3.189M Avg Volume: 2.275M
BUY POINT: $35.57 Volume=3.5M Target=$40.95 Stop=$34.62
POSITION: GME JG - Oct. $35c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/gme.html
Play Date: 05/24/2007
KWK (Quicksilver Resources--$42.55; -1.14; optionable): Independent oil and gas
http://biz.yahoo.com/p/k/kwk.html
EARNINGS: 8-8-07
STATUS: Breakout test. KWK surged higher to start this week, breaking out from a 6 month ascending base. Strong volume as it made the move. It is coming back to test, tapping the 18 day EMA Thursday on the low on low, below average volume trade. Part of a larger 16 month cup base, and this is a good stepping stone base for a run back up toward the prior high near 50. Very solid earnings growth and a very nice technical pattern.
Volume: 779.04K Avg Volume: 887.123K
BUY POINT: $43.55 Volume=1.1M Target=$49.95 Stop=$41.95
POSITION: KWK IH - Sept. $40c (72 delta) &/or Stock
http://www.investmenthouse.com/ci/kwk.html
Play Date: 05/24/2007
VCLK (Valueclick--$32.14; -0.49; optionable): Internet advertising services
http://biz.yahoo.com/p/v/vclk.html
EARNINGS: Announced 5-2-07
STATUS: Test breakout. VCLK broke out from a 12 week ascending base late last week on the announcement MSFT was paying way too much for AQNT. That leaves little old VCLK as the only company in the sector left. So, VLCK ran higher close to 37 on that news. It has faded back, coming back on lower and lower volume, showing few sellers. It is likely to come on back to the 10 day EMA (30.98) before bouncing back up. We will look for that test and a bounce as our entry point. Of course if it starts up from here on some solid trade we will look at opening some positions.
Volume: 4.217M Avg Volume: 3.719M
BUY POINT: $31.65 Volume=5.6M Target=$37.95 Stop=$29.89
POSITION: QCS IF - Sept. $30c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/vclk.html
Downside:
Play Date: 05/24/2007
HLTH (Emdeon Corp.--$14.94; -0.47; optionable): Healthcare information systems
http://biz.yahoo.com/p/h/hlth.html
EARNINGS: Announced 5-3-07
STATUS: Put. HLTH was an upside winner for us earlier in the year, but it has formed a broad 8 week umbrella top. It fell through the 50 day EMA (15.37) last week and then rebounded this week to test. Tried to get through but could not make it, rolling over Thursday in the market selling. It closed on the 90 day MA (14.95) and volume was a bit lower. Looking for a break lower from this very toppish pattern. A move to the target lands a 65%ish gain.
Volume: 2.115M Avg Volume: 2.65M
BUY POINT: $14.82 Volume=3M Target=$13.50 Stop=$15.15
POSITION: HUT SC - July $15p (-46 delta)
http://www.investmenthouse.com/ci/hlth.html
Play Date: 05/24/2007
PRFT (Perficient--$20.36; -0.08; optionable): Software
http://biz.yahoo.com/p/p/prft.html
EARNINGS: Announced 5-10-07
STATUS: Double top. Good breakout in early April and then a test of the 50 day EMA (20.95). It tried to continue the breakout but failed, falling through the 50 and 90 day MA (20.68) last week on some heavy volume. It has rebounded to test, but could not get through the 90 day MA. Volume jacked on up well above average Thursday as PRFT tapped the 90 day MA on the high and then closed lower. Looking for a fall toward the 200 day SMA (18.12). Our initial target is more conservative, and a move to that level lands a 43%ish gain.
Volume: 590.464K Avg Volume: 403.643K
BUY POINT: $20.24 Volume=400K Target=$18.86 Stop=$20.75
POSITION: UTJ SD - July $20p (-40 delta)
http://www.investmenthouse.com/ci/prft.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.
|
us stock market
trade stock
|
