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stock recommendation, stock market recommendation
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 07/24/2007
BBBB (Blackboard--$44.34; -0.69; optionable): Enterprise software to the education industry
http://biz.yahoo.com/p/b/bbbb.html
EARNINGS: 7-31-07
STATUS: Test 18 day EMA. BBBB is testing the breakout from a 7 week ascending base two weeks back, coming back to the 18 day EMA (44.06) the past three sessions to test the break. The move took BBBB to a new high and this test is setting it up for the next break to a new high. Like how BBBB has held key support as the market sells off.
Volume: 322.148K Avg Volume: 428.912K
BUY POINT: $45.72 Volume=600K Target=$53.75 Stop=$43.89
POSITION: BPU JI - Oct. $45c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/bbbb.html
Play Date: 07/24/2007
BG (Bunge Ltd.--$86.00; -0.15; optionable): Agribusiness, fertilizer, food products
http://biz.yahoo.com/p/b/bg.html
EARNINGS: 7-26-07 before the open
STATUS: Breakout test. BG has set up a neat little 4 week double bottom w/handle this month, holding over near support at the 18 day EMA as it sets up for the break higher. The pattern is consolidating the late June breakout from a 17 week base. Very nice action in a weak market, going about its own business, setting up for a breakout near earnings. Earnings are Thursday before the open; earnings plays are always more aggressive, but like how BG is setting up for a breakout. We are looking for some positions before the Wednesday close, earlier if it makes a break higher.
Volume: 998.89K Avg Volume: 1.164M
BUY POINT: $87.04 Volume=1.5M Target=$99.95 Stop=$84.48
POSITION: BG JQ - Oct. $85c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/bg.html
Play Date: 07/24/2007
MIL (Millipore--$79.38; -0.09; optionable): Life science technology and services for development of drugs, vaccines, etc.
http://biz.yahoo.com/p/m/mil.html
EARNINGS: 7/31/2007
STATUS: Breakout test. MIL made a nice break higher two weeks back, moving out of a 21 week ascending base on strong volume. It rallied to 80 and then tested, holding at the breakout point last week and then starting back up. Tried to make the break Monday but could not hold the move. Just a matter of time given its strength in the weak market.
Volume: 639K Avg Volume: 483.133K
BUY POINT: $80.28 Volume=700K Target=$91.95 Stop=$77.88
POSITION: MIL JP - Oct. $80c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/mil.html
Play Date: 07/24/2007
SPWR (SunPower Corp.--$67.93; -2.61; optionable): Solar electric power products
http://biz.yahoo.com/p/s/spwr.html
EARNINGS: Announced 7-19-07
STATUS: Test 18 day EMA. Looking at SPWR once more as it has held the 18 day EMA (66.97) following the late June breakout and run from a short 7 week cup base. Monday it surged higher on solid volume and then faded back on Tuesday, but on low volume. Set up nicely even in a weak market and looking to move in as SPWR turns back toward the sun.
Volume: 1.559M Avg Volume: 1.646M
BUY POINT: $70.65 Volume=2M Target=$80.95 Stop=$66.77
POSITION: QSU LN - Dec. $70c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/spwr.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.
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stock recommendation
stock market recommendation
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