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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 11/05/2007
AOB (American Oriental Bioengineering--$13.58; +0.30; optionable): Biotechnology
http://biz.yahoo.com/p/a/aob.html
EARNINGS: 11-5-07 after the close
STATUS: Test breakout. AOB broke higher last week on strong volume, moving out of a 10 month double bottom with handle base. It tested to start this month then bounced Monday ahead of earnings, moving up on stronger, above average volume. After hours, moving back up toward the new high it just hit last week. After hours it reported earnings, and though it was down at first, it rebounded as the after hours session went on. Looking to get a good entry point on AOB tomorrow as it moves up, continuing the breakout move.
Volume: 2.436M Avg Volume: 1.628M
BUY POINT: $13.88 Volume=1.8M Target=$16.88 Stop=$12.91
POSITION: AOB DV - Apr. $12.50c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/aob.html
Play Date: 11/05/2007
ASIA (Asiainfo Hldgs--$11.42; -0.19; optionable): Information security products in China
http://biz.yahoo.com/p/a/asia.html
EARNINGS: Announced 10-25-07
STATUS: Breakout test. Strong blast higher on the earnings report took ASIA out of its 15 week cup with handle base. Very strong volume accompanied the break higher, and then volume subsided the past week as it tested the move. It has held the 18 day EMA (10.92) the past three sessions, setting up the next run higher. Love the first breakout test as our entry point as it shows the buyers are ready to move back in at a higher price. Just need to see some more volume as it makes the break higher.
Volume: 401.33K Avg Volume: 547.765K
BUY POINT: $11.69 Volume=750K Target=$14.85 Stop=$10.87
POSITION: EUJ AB - Jan. $10c (72 delta) &/or Stock
http://www.investmenthouse.com/cd/asia.html
Play Date: 11/05/2007
ICE (Intercontinental Exchange--$174.79; +0.16; optionable)
http://biz.yahoo.com/p/i/ice.html
EARNINGS: Announced 10-25-07
STATUS: Test breakout. ICE broke higher the third week of October, moving out of a 15 week reverse head and shoulders base. It has struggled higher since, trending up the 10 day EMA (171.61), but unable to make the clean break. It has not given up its breakout, however, and you have to like how it is hanging in there, gapping lower Monday but recovering to post a modest gain. Looking to move in as ICE resumes its break higher with some solid volume.
Volume: 1.653M Avg Volume: 2.319M
BUY POINT: $175.65 Volume=2.5M Target=$199.95 Stop=$169.72
POSITION: IHH AO - Jan. $175c (56 delta)
http://www.investmenthouse.com/cd/ice.html
Play Date: 11/05/2007
SCSC (Scansource--$35.46; +1.46; optionable): Specialty technology products
http://biz.yahoo.com/p/s/scsc.html
EARNINGS: Announced 10-25-07
STATUS: Breakout test. Strong break higher on the earnings results, gapping out of a 17 week double bottom with handle base. It has come back to test the move, tapping at the 18 day EMA on the Monday low. Has not filled the gap but was moving up after it opened lower, and it may be some time before it does fill it. In other words, if it is moving higher on volume from here we won't wait for the fill as SCSC moves toward a bigger breakout from a 3 year base to a new all-time high.
Volume: 242.637K Avg Volume: 255.298K
BUY POINT: $36.11 Volume=375K Target=$42.95 Stop=$33.95
POSITION: UHI CG - Mar. $35c (55 delt, 66 OI) &/or Stock
http://www.investmenthouse.com/cd/scsc.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 investment information
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