|
|
us stock market, trade stock
Begin part 3 of 3
THE PLAYS:
New Post-Split Plays:
Play Date: 08/15/2007
CROX (Crocs, Inc.--$49.02; -2.94; optionable): Spongy shoes.
http://biz.yahoo.com/p/c/crox.html
EARNINGS: Announced 7-26-07
STATUS: Test 50 day EMA. Low volume the entire month as CROX comes back to the 50 day EMA (48.07), filling the late July gap higher on its earnings report. Like the low volume on the test as that indicates no real dumping just a fade with the market. Money flow remains strong on this fade. CROX is one of the market leaders that has come back in this selling and giving us a solid entry point. Just looking for more volume as it rebounds through the buy point.
Volume: 4.599M Avg Volume: 7.168M
BUY POINT: $50.11 Volume=7.5M Target=$59.95 Stop=$47.89
POSITION: CQJ LW - Dec. $47.50c (63 delta) &/or Stock
http://www.investmenthouse.com/cs/crox.html
New Pre-Announcement Plays:
Play Date: 08/15/2007
GRMN (Garmin Ltd.--$91.20; -1.41; optionable): GPS devices
http://biz.yahoo.com/p/g/grmn.html
EARNINGS: 8-1-07
STATUS: Breakout test. GRMN is getting beaten back the past week after that strong earnings bounce that took it higher out of a two week lateral consolidation. Have been looking for a chance to get back into GRMN after it made us a lot of money through July, and this pullback was shaping up nicely. Then Cramer recommended it tonight and now we have to rush it to the report before it was really ready. With any luck it will continue the test back toward 85 and give us a great entry point. If it starts higher and can hold the move we will start a partial position and then see how it holds. If it bounces and fades we will let it come back and then when it makes the further test we will move in.
Volume: 4.123M Avg Volume: 2.778M
BUY POINT: $92.75 Volume=4.2M Target=$111.95 Stop=$89.89
POSITION: GQR AC - Jan. $95c (52 delta) &/or Stock
http://www.investmenthouse.com/cs/grmn.html
Play Date: 08/15/2007
ZUMZ (Zumiez--$39.96; +0.31; optionable): Specialty retail
http://biz.yahoo.com/p/z/zumz.html
EARNINGS: 8-22-07
STATUS: Test 50 day EMA. ZUMZ reported strong same store sales last Thursday and that was the cap of a strong 4 day surge off the 200 day SMA. That move broke it out of a 4.5 month base on strong volume, but in the selling Friday to Wednesday it came back to test, holding at the 50 day EMA (39.24). Wednesday it held that level and showed a doji on the candlestick chart as volume jumped higher again. That often indicates a pullback is slowing, changing momentum. One of the strong in retail, we are looking for a rebound as the market selling abates, but we want to see continued solid trade as it does.
Volume: 910.883K Avg Volume: 697.889K
BUY POINT: $41.55 Volume=1M Target=$49.95 Stop=$38.65
POSITION: QUY KH - Nov. $40c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/zumz.html
Leader Play
Play Date: 08/15/2007
HMSY (HMS Holdings--$24.00; -0.26; optionable): Cost containment for government healthcare programs
http://biz.yahoo.com/p/h/hmsy.html
EARNINGS: Announced 8-2-07
STATUS: Breakout test. HMSY broke sharply higher on its earnings, clearing a 4 month base in one sharp move. It hit 25 on the high and then started working laterally as the 10 day EMA (23.39) rises to catch up with it. Nice low volume as it works laterally, and now that the 10 day is catching up with it we are looking for a break higher on volume as it continues the move.
Volume: 246.066K Avg Volume: 295.867K
BUY POINT: $24.65 Volume=444K Target=$29.45 Stop=$23.11
POSITION: QHT LX - Dec. $22.50c (67 delta, low OI) &/or Stock
http://www.investmenthouse.com/cs/hmsy.html
Good Investing!
Jon L. Johnson and the Stock Split Report 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.
|
us stock market
trade stock
|
