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trade stock, stock split
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 10/02/2007
BCSI (Blue Coat Systems--$82.64; +1.80; optionable): Security hardware and software
http://biz.yahoo.com/p/b/bcsi.html
EARNINGS: 11-21-07
STATUS: Ascending base. BCSI splits after the close Wednesday, and we are looking to get a move toward the split and then afterwards as well. We want to see the move before we move in, so if it gives us the move tomorrow, fine; if it doesn't, then post-split. Looking for BCSI to give us another run as it makes the break from its 6 week ascending base.
Volume: 611.17K Avg Volume: 939.317K
BUY POINT: $83.45 Volume=1.2M Target=$95.95 Stop=$80.55
POSITION: IYU AP - Jan. $80c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/bcsi.html
Play Date: 10/02/2007
CAT (Caterpillar--$79.64; +0.08; optionable): Heavy equipment, machinery
http://biz.yahoo.com/p/c/cat.html
EARNINGS: 10-19-07
STATUS: Double bottom w/handle. After the housing issues hit CAT went on vacation after it hit a peak in July. It formed the current 11 week base, working through it on low volume. Showed some better trade as it moved off the bottom in mid-September, and that was just fine. Now it needs to show us some strong volume as it continues higher and makes the breakout. Set up nicely and now needs to show us the run higher.
Volume: 5.05M Avg Volume: 6.964M
BUY POINT: $80.31 Volume=10M Target=$90.45 Stop=$78.31
POSITION: CAT AP - Jan. $80c (55 delta) &/or Stock
http://www.investmenthouse.com/ct/cat.html
Play Date: 10/02/2007
NILE (Blue Nile--$97.25; +1.25; optionable): Online diamond sales
http://biz.yahoo.com/p/n/nile.html
EARNINGS: First week of November
STATUS: Breakout test. NILE made us some good money on its last run in September, and it has come back to test that move, tapping at the 18 day EMA (92.82) on the Tuesday low and rebounding to post a modest gain. This tests the move out of its 5 week double bottom base formed using the 50 day EMA as support for the legs. Volume was up as it bounced Tuesday, indicating it is ready to run higher.
Volume: 548.153K Avg Volume: 533.218K
BUY POINT: $98.32 Volume=600K Target=$112.95 Stop=$92.68
POSITION: JWU AT - Jan. $100c (51 delta) &/or Stock
http://www.investmenthouse.com/ct/nile.html
Play Date: 10/02/2007
SOHU (Sohu.com--$40.20; +1.93; optionable): Chinese internet
http://biz.yahoo.com/p/s/sohu.html
EARNINGS: Early November
STATUS: Breakout test. SOHU is making another run, starting higher Tuesday after early September breakout from its 8 week double bottom with handle base. This is its first test, and it came back to test the 18 day EMA (37.66) on the low and then bounced on strong volume; just what you want to see. Ready to move in as SOHU continues the break higher. This is the move that should take it past its old high hit back in 2003.
Volume: 1.327M Avg Volume: 952.392K
BUY POINT: $40.55 Volume=1M Target=$46.95 Stop=$37.97
POSITION: UZK CH - Mar. $40c (60 delta) &/or Stock
http://www.investmenthouse.com/ct/sohu.html
Good Investing!
Jon L. Johnson and your Technical Traders Report 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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trade stock
stock split
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