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trade stock, stock split
Begin part 3 of 3
THE 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/cd/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/cd/cat.html
Play Date: 10/02/2007
EGOV (Nic, Inc.--$7.54; +0.17; no options): eGovernment services for the US to provide its citizens
http://biz.yahoo.com/p/e/egov.html
EARNINGS: Early November
STATUS: Ascending base. EGOV is making higher lows up the 50 day EMA (7.05) as ibe bumps into the highs just over 7.50. This is part of a larger 16 month base, and EGOV is ready to make the break, particularly given the nice volume this week as it started higher after some positive comments at a technology conference. Very solid stock that has made us some nice money in the past and looks ready to do the same once more.
Volume: 269.416K Avg Volume: 183.534K
BUY POINT: $7.68 Volume=200K Target=$9.25 Stop=$7.19
POSITION: - Stock (no enough open interests in options)
http://www.investmenthouse.com/cd/egov.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/cd/nile.html
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
AKAM: Showing some big upside volume, but it is so buried down in its sell off it is hard to discern any pattern.
GME: Won't stop. After a test of the 10 day EMA it looks ready to head back up, but it is tough to buy into it right here.
PCLN: Still working laterally over the 10 day EMA as it continues to bump up against 90, the barrier over the past two weeks.
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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trade stock
stock split
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