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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 11/03/2007
GSOL (Global Sources Ltd.--$32.82; +1.92; no options): B to B media for the web in China
http://biz.yahoo.com/p/g/gsol.html
EARNINGS: 11-15-07
STATUS: Test breakout. Exploded out of a 13 week double bottom with handle base the second week of October and surged higher to 37.70 before starting back the past week to test that strong move. It held the 18 day EMA (30.79) all week, then jumped higher on stronger, above average volume, posting a solid gain. Lower volume test, starting to bounce in higher volume. Looks as if this test is over, and we are looking to move in as it breaks higher from here and heads for a new all-time high. Very solid, using the selling last week to test and set up its next move just as a leader should.
Volume: 381.322K Avg Volume: 286.088K
BUY POINT: $33.04 Volume=400K Target=$39.95 Stop=$30.98
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/gsol.html
Play Date: 11/03/2007
ININ (Interactive Intelligence--$26.37; +1.54; optionable): Internet VOIP software
http://biz.yahoo.com/p/i/inin.html
EARNINGS: 10-29-07
STATUS: Breakout test. Exploded out of a 10 month ascending triangle the last week of October on its earnings report, surging to 26 on that move. It paused Thursday in the selling but on much lower volume. Friday is started higher again on very strong volume. A top stock fundamentally in terms of growth rates, and a super technical position as well. Moving in as it continues this move higher.
Volume: 511.282K Avg Volume: 179.38K
BUY POINT: $26.54 Volume=300K Target=$31.85 Stop=$24.92
POSITION: NQX CE - Mar. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/inin.html
Play Date: 11/03/2007
SNDA (Shanda Interactive Ent.--$39.46; +0.04; optionable): Online games in China
http://biz.yahoo.com/p/s/snda.html
EARNINGS: Late November
STATUS: Ascending base. Looking at one that has made us great coin in the past. SNDA is part of the China cadre that is moving well and looks ready to move some more. SNDA has moved through a 6 week base up the 18 day EMA (38.28) and closed the week bumping up against the resistance in the pattern. Has shown good upside volume on the bounces higher. Looking for that volume to surge as it makes the breakout move. That gives us the buy point.
Volume: 1.597M Avg Volume: 1.673M
BUY POINT: $40.76 Volume=2.4M Target=$48.95 Stop=$38.11
POSITION: QKU CH - Mar. $40c (53 delta) &/or Stock
http://www.investmenthouse.com/cd/snda.html
Play Date: 11/03/2007
SSRX (3Sbio, Inc.--$18.91; -0.59; optionable): Biotechnology
http://biz.yahoo.com/p/s/ssrx.html
EARNINGS: 11-13-07
STATUS: Breakout test. Taking another run at SSRX as it tests back to near support at the 10 day EMA (18.64) on nice low volume. SSRX gapped higher in late October after coming back to test the 50 day EMA following the early October breakout from a nice, big 8 month cup with handle base. It was a new issue in February, and this base pretty much encompassed the life cycle of the stock until the early October breakout. It is making its second test of that breakout, holding as noted at key support after a high volume surge. Looking to move in as it bounces off this near support.
Volume: 577.361K Avg Volume: 398.129K
BUY POINT: $20.11 Volume=597K Target=$24.95 Stop=$18.89
POSITION: QXS CD - Mar. $20c (58 delta, 141 OI) &/or Stock
http://www.investmenthouse.com/cd/ssrx.html
Play Date: 11/03/2007
VIVO (Meridian Biosciences--$32.34; +1.24; optionable): Diagnostic test kits for gastro, viral, parasitic infectious diseases
http://biz.yahoo.com/p/v/vivo.html
EARNINGS: 11-14-07
STATUS: Double bottom w/handle. Big surge August to early October, then this short, steep 3 week test that formed using the 50 day EMA (29.35) as support on the October low. Bounced off that key support level on strong volume and then tested back to the 18 day EMA (31.10) to end last week. It held that level Friday and bounced nicely though volume was lagging. Looking for another good surge higher on strong volume. That action off of this higher low would show us the bigger buyers are back in and that we can move into the play.
Volume: 319.464K Avg Volume: 361.205K
BUY POINT: $33.21 Volume=500K Target=$39.95 Stop=$30.91
POSITION: ZUG DF - Apr. $30c (67 delta, 115 OI) &/or Stock
http://www.investmenthouse.com/cd/vivo.html
New buy point on current position:
Play Date: 11/03/2007
EDU (New Oriental Education & Tech--$81.95; -3.78; optionable): Chinese business training
http://biz.yahoo.com/p/e/edu.html
EARNINGS: Announced 10-15-07
STATUS: Test 18 day EMA. Looking at a new position in EDU as it tested last week, coming back on the Friday low to tap at the 18 day EMA (78.89) before rebounding to cut its losses. This is the second test of the 18 day EMA since the breakout, and that means EDU still has more upside ahead of it. May test a bit more toward the 18 day, but ready to move in as EDU makes its next break higher on solid trade.
Volume: 873.9K Avg Volume: 438.782K
BUY POINT: $83.05 Volume=658K Target=$99.75 Stop=$78.68
POSITION: EDU AP - Jan. $80c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/edu.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
CELG: Trying to form a short little double bottom at the 90 day SMA, showing a higher volume doji with tail at that point Friday. If it starts to bounce it is worth buying back any calls sold on the stock position.
EDU: Gapped lower Friday, but looking for this to give us a break higher.
NVDA: Interesting action here, but not a lot of strength on the upside rebound off the 90 day SMA.
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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