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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 10/13/2007
BLUD (Immucor--$38.51; +0.54; optionable): Diagnostics
http://biz.yahoo.com/p/b/blud.html
EARNINGS: Announced 10-3-07
STATUS: Test breakout. Surged higher to start the money on some strong earnings results and is now testing back, tapping the 10 day EMA (37.81) on the Thursday intraday low and rebounding. Solid breakout from a 22 week base in mid-September, and this is the second test of that break higher. Looking to move in as it continues higher off the 10 day EMA test as it did on Friday.
Volume: 456.411K Avg Volume: 910.144K
BUY POINT: $38.78 Volume=1M Target=$44.95 Stop=$37.77
POSITION: QMQ AG - Jan. $35c (71 delta) &/or Stock
http://www.investmenthouse.com/cd/blud.html
Play Date: 10/13/2007
CIEN (Ciena--$45.47; -0.66; optionable): Telecom equipment
http://biz.yahoo.com/p/c/cien.html
EARNINGS: Late November
STATUS: Breakout test. Made us some excellent money on the early October breakout as it surged out of a nicely formed 10 week base. Strong price and volume moves sent it to 48.39 on that move. It peaked out and it now testing, coming back to the 10 day EMA (44.72) on the Thursday and Friday intraday lows, rebounding each time to cut its losses. Nice lower volume on this test, showing few sellers, especially when compared to the buyers on the upside. Looking for CIEN to complete this test and then give us the stronger break higher that we can once more buy into for the next run higher.
Volume: 2.915M Avg Volume: 3.2M
BUY POINT: $46.44 Volume=3.3M Target=$45.45 Stop=$44.68
POSITION: EUQ AI - Jan. $45c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/cien.html
Play Date: 10/13/2007
CKSW (Clicksoftware Technologies--$6.19; +0.74; no options): Mobile workforce management software
http://biz.yahoo.com/p/c/cksw.html
EARNINGS: 10-31-07
STATUS: Double bottom w/handle breakout. Big surge Friday on strong volume as CKSW made the break form a nicely formed 12 week base. CKSW looks to be gunning for a new all-time high (hit on its IPO in 2000) with this strong move. Closed at the session high Friday and that often leads to a bit softer open. If it gives us that softer open and then bounces we will enter. If it continues higher from the close without a pause we will take some positions then add some more on the first test.
Volume: 823.797K Avg Volume: 649.447K
BUY POINT: $6.29 Volume=665K Target=$7.65 Stop=$5.85
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/cksw.html
Play Date: 10/13/2007
TKC (Turkcell--$22.42; +0.36; optionable): Foreign wireless telecom
http://biz.yahoo.com/p/t/tkc.html
EARNINGS: Breakout test. Another strong stock that made us great money on its September breakout and run higher, TKC peaked and used last week to test, fading back to the 18 day EMA (21.79) Thursday. Volume was up some, but we like how it held that near support and showed strong volume Friday as it bounced up off that level. Very strong breakout and with that kind of strength we anticipate another strong run higher after a week of testing. Ready to move in as it holds and then makes the bounce.
STATUS:
Volume: 1.204M Avg Volume: 954.6K
BUY POINT: $22.88 Volume=1.2M Target=$27.45 Stop=$21.65
POSITION: TKC AX - Jan. $22.50c (61 delta, low OI) &/or Stock
http://www.investmenthouse.com/cd/tkc.html
New buy points on current positions:
Play Date: 10/13/2007
CROX (Crocs, Inc.--$67.71; +1.68; optionable): Shoes, etc.
http://biz.yahoo.com/p/c/crox.html
EARNINGS: 7-26-07
STATUS: Breakout test. CROX surged higher to end September and then the momentum waned into October, but it continued to trend higher. It used last week to test, coming back to tap the 18 day EMA (64.94) on the intraday low and bounced. Friday it started to bounce higher but volume was not there. Looking for some more volume as it bounces up off of this first test of the breakout move. That is one of our favorite entry points as it shows buyers are still interested even at the higher price.
Volume: 2.238M Avg Volume: 6.043M
BUY POINT: $68.24 Volume=6.5M Target=$79.95 Stop=$64.88
POSITION: CQJ AA - Jan. $67.50c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/crox.html
Play Date: 10/13/2007
FCX (Freeport McMoran--$116.42; +2.96; optionable): Copper
http://biz.yahoo.com/p/f/fcx.html
EARNINGS: 7-25-07
STATUS: Breakout test. FCX started the move higher Tuesday out of its test of the September breakout, putting on some strong volume as it did. Thursday it gapped higher, really pushing the move. Then that reversal took it back down. Held the 10 day EMA on the low, however. Friday it gapped higher and closed right at the session high. We took some of the great gain in one of our positions off the table on that move. Looks as if the run off the first test of the breakout is ready to resume after that Thursday hiccup. Ready to move in as FCX continues higher.
Volume: 8.011M Avg Volume: 11.08M
BUY POINT: $116.91 Volume=12M Target=$134.95 Stop=$112.94
POSITION: FCX AC - Jan. $115c (64 delta) or FCX AY - Jan. $120c (52 delta) &/or Stock
http://www.investmenthouse.com/cd/fcx.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
VLO: Testing back from the strong surge over the past week. Looking for it to hold 72 and bounce from there. That would be the buy point.
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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