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top stock pick, stock recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/23/2007
PLMD (Polymedica--$46.50; +1.74; optionable): Diabetes testing supplies
http://biz.yahoo.com/p/p/plmd.html
EARNINGS: 7-31-07
STATUS: Ascending triangle. PLMD blasted higher to start August on the heels of its strong earnings. That move took it out of a 16 month base that made a series of higher lows below a constant top at 44 to 45. Strong volume break higher then a lower volume test. Volume surged the past two sessions as PLMD rallied back from the test, moving to a new post-breakout closing high. Looking to move in as it continues higher and then again on the next test that holds. Very nice.
Volume: 560.295K Avg Volume: 294.618K
BUY POINT: $46.68 Volume=400K Target=$53.95 Stop=$44.88
POSITION: PM AI - Jan. $45c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/plmd.html
Play Date: 08/23/2007
RADS (Radian Systems--$15.52; -0.44; optionable): Site management software
http://biz.yahoo.com/p/r/rads.html
EARNINGS: 7-26-07
STATUS: Breakout test. Nice low volume test of the 10 day EMA (15.29) following a strong breakout. A nice 17 month double bottom with handle set up the move and it surged on strong volume. Excellent money flow is rallying higher ahead of price still, and we are looking to pick up RADS as it comes off the 10 day EMA test.
Volume: 237.326K Avg Volume: 311.449K
BUY POINT: $15.81 Volume=400K Target=$18.95 Stop=$14.95
POSITION: QRC AC - Jan. $15c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/rads.html
Downside:
Play Date: 08/23/2007
BWA (Borg Warner--$82.41; -1.79; optionable): Auto parts
http://biz.yahoo.com/p/b/bwa.html
EARNINGS: 7-26-07
STATUS: Double top. Twin peaks, one in July, one in August, and then a nasty plunge lower two weeks back that took it down near the 200 day SMA (74.86). A rebound the past week and a stall at the 90 day SMA (84.26) after bumping that level Wednesday and then turning down Thursday on a big, above average volume jump. First test of the crash down from the double top, and that means plenty of downside room here to make us money. A mot to the target lands a 45%ish gain.
Volume: 634.8K Avg Volume: 433.785K
BUY POINT: $82.15 Volume=450K Target=$77.05 Stop=$83.78
POSITION: BWA VQ - Oct. $85p (-53 delta)
http://www.investmenthouse.com/ci/bwa.html
Play Date: 08/23/2007
JNS (Janus Capital Group--$27.60; -1.18; optionable): Asset management
http://biz.yahoo.com/p/j/jns.html
EARNINGS: 7-26-07
STATUS: Put. JNS formed a 7 week head and shoulders top and broke lower two weeks back, gapping lower on strong volume. It sold below 26 and rebounded the past week, but has stalled at the 50 day EMA (28.60). Thursday JNS turned down and fell through the 90 day SMA (28) on rising, average volume. Money flow is diving lower ahead of price. A move to the target lands a 46%ish gain.
Volume: 3.248M Avg Volume: 3.255M
BUY POINT: $27.38 Volume=3.4M Target=$24.78 Stop=$28.11
POSITION: JNS VF - Oct. $30p (-62 delta)
http://www.investmenthouse.com/ci/jns.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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top stock pick
stock recommendation
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