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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 10/08/2007
EMC (EMC Corp.--$21.17; +0.18; optionable): Data storage
http://biz.yahoo.com/p/e/emc.html
EARNINGS: 10-25-07
STATUS: Breakout test. EMC broke higher from a 10 week ascending base in late September, gapping higher on strong volume and moving to 21.50 on the high. It is testing that move, fading back to the 10 day EMA (20.80) on the Friday and Monday lows, then bouncing back upside. Looking for some more volume as EMC moves higher, continuing the breakout move.
Volume: 27.31M Avg Volume: 42.669M
BUY POINT: $21.42 Volume=50M Target=$25.75 Stop=$20.57
POSITION: EMC AD - Jan. $20c (67 delta) &/or Stock
http://www.investmenthouse.com/cd/emc.html
Play Date: 10/08/2007
SCHN (Schnitzer Steel--$73.42; +0.98; optionable): Steel and iron
http://biz.yahoo.com/p/s/schn.html
STATUS: Breakout test. SCHN surged higher in mid-September, making the breakout from a 9 week cup with handle base. That base formed after the breakout, finally, from a long 3.5 year consolidation, and that was the first breakout after that long deep sleep. Nice breakout and surge to 76, and now it is testing, coming back to the 10 day EMA (71.78) last week where it held and started to bounce Friday and Monday. Looking for some strong volume to come back in as it resumes the breakout run. That is when we move in.
Volume: 328.17K Avg Volume: 583.146K
BUY POINT: $73.95 Volume=820K Target=$88.95 Stop=$71.21
POSITION: SQQ AO - Jan. $75c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/schn.html
Play Date: 10/08/2007
SOHU (Sohu.com--$40.09; +0.85; optionable): Chinese internet
http://biz.yahoo.com/p/s/sohu.html
EARNINGS: Early November
STATUS: Breakout test. SOHU is working laterally, holding above the 10 day EMA (39.11) the past two weeks, testing the breakout from a 10 week base. Nice surge on the breakout, and now a good test, holding near support and showing solid upside volume action. Looking to move in as SOHU makes the next break higher on solid volume.
Volume: 633.315K Avg Volume: 957.34K
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/cd/sohu.html
Play Date: 10/08/2007
SPIL (Siliconware Precision--$12.37; +0.18; optionable): Semiconductor packaging and testing services
http://biz.yahoo.com/p/s/spil.html
EARNINGS: Early November
STATUS: Test breakout. Nice mid-September break higher from a 10 week double bottom with handle base took SPIL up to 12.50 to end September. It has since come back to make the first test of the breakout, holding at the 18 day EMA (11.80) last week on the lows. It bounced off that near support Friday on some very good, above average volume, and continued higher Monday though on much lower volume. Looking solid and we are ready to move in as SPIL continues the breakout move.
Volume: 1.255M Avg Volume: 1.846M
BUY POINT: $12.57 Volume=2.3M Target=$15.11 Stop=$11.74
POSITION: SUU AV - Jan. $12.50c (57 delta, 177 OI) &/or Stock
http://www.investmenthouse.com/cd/spil.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: Higher and higher
AKAM: Really putting in a reversal here with several good volume sessions as it turns up off a double bottom it put in over the past two months.
MA: May form a handle here to its 12 week base.
VLO: Best volume in a month as VLO continues its bounce off the 200 day SMA. It is approaching the twin September highs near 72. A move over those clears some significant resistance.
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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