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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 11/01/2007
BBBB (Blackboard--$47.83; -2.07; optionable): Multimedia and graphics software
http://biz.yahoo.com/p/b/bbbb.html
EARNINGS: 11-1-07 after the close
STATUS: Breakout test. We may have been early closing it out, but with earnings after hours we decided not to see how it came out. It reported in line on EPS, beat on revenues, and guided in line. It was very quiet after hours with some higher trades but closed the after hours session flat. That is not bad as it can give us a good flat start to build on. Nice test of the break higher earlier this week from a short 4 week cup that was a consolidation of the late September move from a larger 11 week base. Nice base on base action that sets up the run higher. Hopefully it will start flattish then start to rally.
Volume: 402.034K Avg Volume: 396.997K
BUY POINT: $48.11 Volume=450K Target=$55.75 Stop=$47.11
POSITION: BPU AI - Jan. $45c (64 delta) &/or Stock
http://www.investmenthouse.com/cd/bbbb.html
Play Date: 11/01/2007
CMED (China Medical Technologies--$44.26; -2.39; optionable): Medical instruments
http://biz.yahoo.com/p/c/cmed.html
EARNINGS: 11-20-07
STATUS: Breakout test. Been waiting for CMED to come back to us to give us a new buy point so it can make us a lot of money once more. It blasted higher last week, moving out of a short double bottom base that formed after the mid-September breakout from a nicely formed 8 week double bottom with handle. Nice pullback on low, below average volume Tuesday through Thursday, holding the 10 day EMA (43.96) on the close. Nice low volume shows no selling. Looking for it to hold at this level and resume the breakout move. That is when we move in.
Volume: 592.953K Avg Volume: 758.279K
BUY POINT: $44.69 Volume=1M Target=$52.65 Stop=$43.57
POSITION: QCY AH - Jan. $40c (70 delta) or QCY CI - Mar. $45c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/cmed.html
Play Date: 11/01/2007
DSX (Diana Shipping--$42.69; -0.11; optionable): Shipping
http://biz.yahoo.com/p/d/dsx.html
EARNINGS: 11-14-07
STATUS: Test breakout. DSX made us some great coin on its last run before the Tuesday rollover on the rumor that dry bulk rates would be lower in 2008. It tanked but held the 10 day EMA and has bounced modestly since, closing flat Thursday after testing the 10 day EMA once more on the low. Looking for a resumption of the move higher and we are looking to move in when it makes the next move higher.
Volume: 5.12M Avg Volume: 2.263M
BUY POINT: $42.92 Volume=5M Target=$49.95 Stop=$40.11
POSITION: DSX CH - Mar. $40c (66 delta) &/or Stock
http://www.investmenthouse.com/cd/dsx.html
New buy points on current positions:
Play Date: 11/01/2007
EJ (E-House China Holdings--$33.24; -2.26; optionable): Chinese property management
http://biz.yahoo.com/p/e/ej.html
EARNINGS: September 20ish (not confirmed)
STATUS: Test 10 day EMA. A new issue in August, EJ is stair-stepping up the 10 and 18 day EMA as it makes higher and higher lows. It was caught in the Thursday selling because it was a big mover last week, making us some great money. It sold back and tapped the 10 day EMA (31.94) on the low, rebounding to recoup some lost ground. Volume was lower and below average, indicating no heavy selling. This test is giving us a new entry point when it starts back up off the near support.
Volume: 917.6K Avg Volume: 985.303K
BUY POINT: $33.68 Volume=1.2M Target=$40.95 Stop=$31.94
POSITION: EJ BF - Feb. $30c (69 delta) &/or Stock
http://www.investmenthouse.com/cd/ej.html
Play Date: 11/01/2007
NYX (NYSE Euronext--$90.91; -2.70; optionable): NYSE stock market
http://biz.yahoo.com/p/n/nyx.html
EARNINGS: 11-2-07 before the open
STATUS: Test breakout. A strong move for us last week and on into Wednesday, then a test started ahead of earnings, coming back to tap at the 10 day EMA (90.14) on the low. Volume remained steady and average as it did. Earnings are out before the open and we will see if NYX can give us an entry point without too much of a gap higher if they are solid.
Volume: 5.631M Avg Volume: 5.426M
BUY POINT: $91.32 Volume=7M Target=$99.95 Stop=$89.77
POSITION: NYX AR - Jan. $90c (60 delta) &/or Stock
http://www.investmenthouse.com/cd/nyx.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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us stock market
stock recommendation
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