|
|
us stock market, stock trading site
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/09/2007
ALTR (Altera--$25.45; +0.39; optionable): Semiconductors
http://biz.yahoo.com/p/a/altr.html
EARNINGS: 9-5-07
STATUS: Test 50 day EMA. ALTR is breaking out from a 4 year base, clearing the recent July breakout high after a nice easy test of the 50 day EMA (23.44) in the recent market selling. Strong volume as ALTR powers back up following its money flow higher. Like the strength it is showing and the sector as well. It is a buy on a further move higher.
Volume: 17.636M Avg Volume: 7.21M
BUY POINT: $25.68 Volume=12M Target=$29.95 Stop=$24.05
POSITION: LTQ LE - Dec. $25c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/altr.html
Play Date: 08/09/2007
EBAY (Ebay--$36.59; -0.12; optionable): online auctions, etc.
http://biz.yahoo.com/p/e/ebay.html
EARNINGS: Announced 7-18-07
STATUS: Test breakout. EBAY shot higher this month, clearing a 9 month trading range on strong volume. It gapped lower on the Thursday open, but was right back up off its lows, recovering most of the loss. Very strong in a weak market as money moves to ward tech and tech related fields. Ready to buy in on some further upside.
Volume: 21.968M Avg Volume: 16.5M
BUY POINT: $36.84 Volume=25M Target=$44.95 Stop=$34.68
POSITION: XBA JG - Oct. $35c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/ebay.html
Play Date: 08/09/2007
JEC (Jacobs Engineering--$68.83; +2.92; optionable): Engineering services
http://biz.yahoo.com/p/j/jec.html
EARNINGS: 11-6-07
STATUS: Test 50 day EMA. JEC is surging higher on strong volume, clearing the July high as it powers off the 50 day EMA (60.49). It needed this test of the 50 day to reset the clock after the March breakout and run higher up the short term moving averages. A strong stock will continue its run after such a test, and JEC is running higher on strong volume, showing us the move is still on. Ready to start at least part of the position on a continued run higher and then adding on the next test.
Volume: 2.093M Avg Volume: 1.087M
BUY POINT: $69.11 Volume=1.1M Target=$79.95 Stop=$65.88
POSITION: JEC JM - Oct. $65c (71 delta) &/or Stock
http://www.investmenthouse.com/ci/jec.html
Play Date: 08/09/2007
TSL (Trina Solar--$59.60; -2.48; optionable): Chinese solar power products
http://biz.yahoo.com/p/t/tsl.html
EARNINGS: 8-23-07
STATUS: Test 50 day EMA. A new issue in December 2006, TSL is coming off its first base. It broke higher nicely in early July but in the market selling it tested back to the 50 day EMA (53.43), bouncing off that level this week. It is now testing that move a bit, holding at the 18 day EMA (58.73) as the market sold off. Looking for that to send TSL back up on stronger volume to give us the entry point.
Volume: 791.239K Avg Volume: 1.185M
BUY POINT: $62.22 Volume=1.8M Target=$74.75 Stop=$58.57
POSITION: TSL LM - Dec. $65c (48 delta) &/or Stock
http://www.investmenthouse.com/ci/tsl.html
Downside:
Play Date: 08/09/2007
DIA (Diamonds Trust (DJ30)--$132.79; -3.76; optionable)
http://biz.yahoo.com/p/d/dia.html
STATUS: Put. Taking another shot at DIA after its test of the June highs and then the rollover Thursday on strong volume. It fell below the 90 day SMA though it is still above the recent lows. Nonetheless this rollover has us looking for a downside push toward the 200 day MA. A long way and a lot of selling, but we still think DIA has a lot of catch-up to play on this selling. A move to the target lands a 40%ish gain.
Volume: 39.054M Avg Volume: 17.523M
BUY POINT: $132.28 Volume=26M Target=$128.50 Stop=$133.57
POSITION: DAW UC - Sept. $133p (-47 delta)
http://www.investmenthouse.com/ci/dia.html
Play Date: 08/09/2007
SIRF (Sirf Tech Holdings--$19.51; +0.80; optionable): GPS software
http://biz.yahoo.com/p/s/sirf.html
EARNINGS: Announced 7-31-07
STATUS: Put. Earnings did not help SIRF surf higher, instead gapping an already weak stock lower. Hard sell off took SIRF below its last major low back in August 2006 at 18. It rebounded this week in the market selling but on lower and lower volume. Thursday SIRF tapped at the 10 day EMA on the high (20) and then eased back. Looking for it to fall over here and do some more selling. a move to the target lands a 54%ish gain.
Volume: 3.005M Avg Volume: 2.259M
BUY POINT: $19.18 Volume=3M Target=$17.11 Stop=$19.72
POSITION: QIR UD - Sept. $20p (-49 delta)
http://www.investmenthouse.com/ci/sirf.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
stock trading site
|
