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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/cd/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/cd/ebay.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/cd/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/cd/sirf.html
Continuing plays ready to move:
SNDK: Keep an eye on this one tomorrow.
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AAPL, AKAM, CELG, EDU, GME, GOOG, MA, PCLN, NVDA, VLO
AAPL: Broke the 50 day EMA on average volume as it was unloaded on this cash raising dash by the hedge funds.
EDU: Not a bad test back to the 10 and 18 day EMA. If it picks up volume on a rebound we will be interested.
GOOG: This test of the 50 day EMA may give us the entry. If it holds here that is a sign of strength.
NVDA: Held up well into earnings, was up early but gave some back. Announced a stocks split as NVDA builds our share supply for us. Love that.
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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