|
|
us stock market, trade stock
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 10/22/2007
BIDU (Baidu.com--$316.26; +0.15; optionable): Chinese internet search
http://biz.yahoo.com/p/b/bidu.html
EARNINGS: 10-25-07 after close
STATUS: Test 18 day EMA. BIDU is working quietly along the 18 day EMA (308.57) on lower and lower volume the past week and a half, holding up at near support after the hard drop two Thursdays back on the FOMC minutes. After the strong run in September through early this month when it broke out from a 9 week base it needed a rest and it its taking it at support. Nice, easy move ahead of earnings, and the pullback is good ahead of the result. Looking to get in ahead of earnings; risky yes, but we anticipate strong results to make us some strong dollars.
Volume: 4.52M Avg Volume: 5.453M
BUY POINT: $321.00 Volume=6M Target=$369.85 Stop=$312.22
POSITION: BDU AC - Jan. $320c (55 delta)
http://www.investmenthouse.com/ci/bidu.html
Play Date: 10/22/2007
CELG (Celgene--$69.70; -0.26; optionable): Biotechnology
http://biz.yahoo.com/p/c/celg.html
EARNINGS: 10-25-07 before the open
STATUS: Test 50 day EMA. This is what you like to see ahead of earnings from a strong stock that has had a good run: a nice low volume pullback. Trade was up on Friday, but it was for all stocks. Monday it finished the pullback, tapping and holding the 50 day EMA (68.36) on the low. It rebounded to close basically flat. Looking for CELG to continue higher ahead of earnings and looking to move in as it does. A leader that needed a test after the September breakout from its 14 week base, CELG has come back to test key support and held the breakout as well. Set up well so just waiting for the bounce higher.
Volume: 3.881M Avg Volume: 3.978M
BUY POINT: $70.22 Volume=4.1M Target=$80.95 Stop=$68.22
POSITION: LQH AN - Jan. $70c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/celg.html
Play Date: 10/22/2007
EJ (E-House China Holdings--$26.95; -0.36; optionable): Chinese property management
http://biz.yahoo.com/p/e/ej.html
EARNINGS: Third week November
STATUS: Test 18 day EMA. A new issue in August, EJ rallied nicely, gapping higher to start October as new money was put to work in the market and the stock. It rallied to 30 and then came back to test last week in the market chop. Friday it tested lower and below the 18 day EMA, filling the gap from early October and then bouncing higher for a gain on the session on some strong volume. Like that gap fill and the strength in the otherwise weak market. Looks ready to move and we are ready to move in as EJ continues higher.
Volume: 1.046M Avg Volume: 910.7K
BUY POINT: $27.92 Volume=1.4M Target=$33.85 Stop=$26.24
POSITION: EJ BE - Feb. $25c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/ej.html
Play Date: 10/22/2007
GRMN (Garmin Ltd.--$115.18; +5.08; optionable): GPS systems
http://biz.yahoo.com/p/g/grmn.html
EARNINGS: 10-31-07
STATUS: Test 18 day EMA. GRMN is working laterally along the 18 day EMA (110.86) the past week and one-half, taking a breather after the early October test of the 50 day EMA on a gap lower. It held that support and rebounded on solid trade. It has held the move and Monday bounced up off the 18 day on stronger, above average volume. Predictions of a weaker holiday season have some talking about GRMN and related stocks, but it looks good for a pre-holiday break higher.
Volume: 5.173M Avg Volume: 4.677M
BUY POINT: $116.21 Volume=6.5M Target=$137.45 Stop=$110.75
POSITION: RZJ AC - Jan. $115c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/grmn.html
Play Date: 10/22/2007
NVDA (Nvidia--$39.16; +1.77; optionable): Graphics chips
http://biz.yahoo.com/p/n/nvda.html
EARNINGS: 11-7-07
STATUS: Test 18 day EMA. NVDA is in a continuing run higher after its breakout in late August. We made some solid money earlier in the run and then waited for it to set up for the next move. We watched it in a two week lateral move above the 18 day EMA (37.05) and then it gapped higher last Wednesday as we watched. Smooth move. It tested on Friday, however, and then held the 18 day EMA Monday and bounced higher on rising, above average volume. Strong money flow is leading higher and we are looking to move in as NVDA continues the break higher on the backs of the likes of AAPL and RIMM.
Volume: 13.441M Avg Volume: 13.805M
BUY POINT: $39.65 Volume=15M Target=$47.55 Stop=$36.95
POSITION: UVA AU - Jan. $37.50c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/nvda.html
New buy points on current positions:
Play Date: 10/22/2007
BCSI (Blue Coat Systems--$46.78; -0.82; optionable): PC security software and hardware
http://biz.yahoo.com/p/b/bcsi.html
EARNINGS: 9-21-07
STATUS: Test 50 day EMA. Looking at a new buy on BCSI as it tapped at the 50 day EMA (40.14) on the Monday low and rebounded to recoup most of its loss, moving up to the 10 day EMA (46.96) on the close. Looking for it to continue back up after this test of the breakout move from two weeks back when BCSI cleared its 6 week base. The breakout has held and now we are looking for that breakout to continue.
Volume: 1.594M Avg Volume: 2.1M
BUY POINT: $47.11 Volume=2.5M Target=$56.65 Stop=$45.21
POSITION: IYU AI - Jan. $45c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/bcsi.html
Play Date: 10/22/2007
EDU (New Oriental Education & Tech--$74.02; +2.91; optionable): Chinese education and training
http://biz.yahoo.com/p/e/edu.html
EARNINGS: Announced 10-15-07
STATUS: Breakout test. EDU is making the second test of the late September breakout from its 11 week double bottom with handle base. Nice couple of runs higher, gapping to the upside two Monday's back. It faded Friday and then Monday gapped lower and sold back through the 18 day EMA, filling that gap. It then turned and surged higher on rising, above average volume, closing sharply higher. Nice test and the buyers came back in so we are ready to pick up some more positions as it continues the move.
Volume: 558.6K Avg Volume: 462.639K
BUY POINT: $74.55 Volume=550K Target=$85.75 Stop=$71.22
POSITION: EDU AO - Jan. $75c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/edu.html
Good Investing!
Jon L. Johnson and your IH Alerts Team
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 in 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.
|
us stock market
trade stock
|
