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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 10/03/2007
CBEY (CBeyond Communications--$42.32; -1.32; optionable): Managed VOIP services to small and medium business
http://biz.yahoo.com/p/c/cbey.html
EARNINGS: 11-1-07
STATUS: Test breakout. CBY surged higher to start the week, making the breakout move from its 10 week cup with handle base. Strong volume on the surge, and it was strong again Tuesday as CBEY surged higher but then gave most of the move back. It tested Wednesday on lower volume, tapping close to the 10 day EMA (41.43) on the session low. The breakout took CBEY to a new all-time high, and after this test we are looking for the breakout move to resume. That is our entry point on this strong stock with solid fundamentals to go with the pattern.
Volume: 372.602K Avg Volume: 273.958K
BUY POINT: $42.68 Volume=400K Target=$50.95 Stop=$41.28
POSITION: QYN LH - Dec. $40c (65 delta, 99 OI) or QYN CH - Mar. $40c (62 delta, low OI) &/or Stock
http://www.investmenthouse.com/cs/cbey.html
Play Date: 10/03/2007
NM (Navios Maritime Holdings--$13.63; -0.32; optionable): Shipping
http://biz.yahoo.com/p/n/nm.html
EARNINGS: Early September
STATUS: Cup w/handle. Another shipping stock that enjoyed a strong run February to July, and is now putting together a nice base, consolidating the prior move and laying the foundation for the next breakout and run higher. Nice 11 week base in progress, currently working on the handle, the lateral move where the impatient sell out. May take two to three more days to finish the handle, but the way shippers have been shipping up and out, we want to be ready to move in when it makes its move.
Volume: 825.7K Avg Volume: 1.26M
BUY POINT: $14.31 Volume=1.7M Target=$17.45 Stop=$13.45
POSITION: NM LV - Dec. $12.50c (67 delta, 99 OI) or NM CV - Mar. $12.50c (low OI) &/or Stock
http://www.investmenthouse.com/cd/nm.html
Play Date: 10/03/2007
WBMD (WebMD Health Holdings--$54.75; -0.30; optionable): Health information services to consumers, physicians, etc. online and via publications
http://biz.yahoo.com/p/w/wbmd.html
EARNINGS: 10-30-07
STATUS: Cup with handle. You can call this a 6 month cup with handle or a 7 month reverse head and shoulders; either way it is a nice, steady base that has built the foundation for the next breakout and run higher. Nice consolidation of the December to February run, and this has set the groundwork for the next breakout and run. Volume has swelled nicely the past three sessions, jumping well above average Wednesday. Strong money flow is moving sharply higher ahead of price. Looking for a strong break higher to start the play.
Volume: 289.243K Avg Volume: 150.977K
BUY POINT: $56.12 Volume=250K Target=$66.45 Stop=$53.55
POSITION: QWB AL - Jan. $55c (56 delta) &/or Stock
http://www.investmenthouse.com/cd/wbmd.html
New buy point on current position:
Play Date: 10/03/2007
EDU (New Oriental Education & Tech--$63.79; -0.94; optionable): Chinese education and training for executives
http://biz.yahoo.com/p/e/edu.html
EARNINGS: 10-15-07
STATUS: Breakout test. After surging out of a 9 week double bottom with handle base in mid-September, EDU peaked to start the week with a gap higher to 77. It has since faded on lower volume, tapping the 10 day EMA (62.44) on the Wednesday low and then rebounding to post a modest loss. Nice below average volume as it makes the test of near support. Very strong and looking to move in with some more positions as EDU makes the next break higher in its breakout run.
Volume: 261.9K Avg Volume: 400.442K
BUY POINT: $64.76 Volume=550K Target=$74.45 Stop=$62.22
POSITION: EDU AM - Jan. $55c (49 delta) &/or Stock
http://www.investmenthouse.com/cd/edu.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
AAPL: Impressive upside the past month. RIMM earnings are out after the close, and AAPL usually handles them quite nicely. With this run higher into the number it could face some selling pressure when they are released after the close.
AKAM: Hmmm. Volume has jumped as AKAM tries to put in a bottom here, kind of a double bottom in August and September, and bounce.
EDU: Ready for a new buy. See play above.
NVDA: Tested the 18 day EMA on the low and bounced some. Was under a bit more pressure after hours. Key test point for NVDA in this trend higher.
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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stock recommendation
stock investment information
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