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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 10/11/2007
BWLD (Buffalo Wild Wings--$40.19; -0.82; optionable): Casual restaurant
http://biz.yahoo.com/p/b/bwld.html
EARNINGS: 10-30-07
STATUS: Double bottom w/handle. A big runner in late 2006 and early 2007, BWLD needed a breather after the move and has spent the past 20 weeks forming a new base to lay the foundation for a new breakout. Nice volume as it bounced to start the month and now a low volume fade to form the handle, Thursday closing right at the 10 day EMA on continued below average volume. May take a couple more sessions to finish the handle, and we are looking to move in as BWLD rebounds and shows us the breakout.
Volume: 360.076K Avg Volume: 548.158K
BUY POINT: $42.22 Volume=800K Target=$50.65 Stop=$39.95
POSITION: BQU CH - Mar. $40c (52 delta) &/or Stock
http://www.investmenthouse.com/cd/bwld.html
Play Date: 10/11/2007
ESRX (Express Scripts--$56.86; -2.05; optionable): Mail order prescriptions
http://biz.yahoo.com/p/e/esrx.html
EARNINGS: 10-24-07
STATUS: Breakout test. ESRX blasted out of a 12 week ascending base to start the week, rallying to 60 on the Wednesday high before starting to fade. In the afternoon selling ESRX fell back to near support at the 10 day EMA (56.54) on continued below average volume. Looking for this strong stock to hold here and then rebound on stronger volume to continue the breakout move.
Volume: 2.254M Avg Volume: 2.457M
BUY POINT: $57.65 Volume=2.5M Target=$68.95 Stop=$56.38
POSITION: XTQ AK - Jan. $55c (63 delta) &/or Stock
http://www.investmenthouse.com/cd/esrx.html
Play Date: 10/11/2007
FCSX (FCStone Group--$36.83; +0.12; optionable): Investment brokerage
http://biz.yahoo.com/p/f/fcsx.html
EARNINGS: 11-5-07
STATUS: Double bottom. Great surge higher Wednesday pushed FCSX past the middle of the 13 week base. It was heading higher Thursday but then got caught in the selling and faded back to flat. Still looking solid and ready to move in if it continues higher from here. Might work laterally and form a handle; if it does, all the better.
Volume: 708.103K Avg Volume: 600.582K
BUY POINT: $37.21 Volume=850K Target=$44.75 Stop=$34.97
POSITION: QGD AG - Jan. $35c (78 delta) &/or Stock
http://www.investmenthouse.com/cd/fcsx.html
Play Date: 10/11/2007
NTCT (Netscout Systems--$11.04; +0.24; no options): Performance optimization for high-speed networks
http://biz.yahoo.com/p/n/ntct.html
EARNINGS: 10-25-07
STATUS: Breakout test. NTCT exploded out of a large 18 month ascending base in late September, surging on very strong volume. It came back to test to start October, fading to the 18 day EMA (10.49) on low volume. It bottomed Tuesday as volume surged and then started up Wednesday on very strong trade. Thursday it screamed higher but then faded back for a modest gain. Still looks super to make the break higher and we are ready to move in as it continues the breakout move.
Volume: 1.148M Avg Volume: 219.492K
BUY POINT: $11.21 Volume=500K Target=$13.45 Stop=$10.57
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/ntct.html
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 option
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