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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 11/06/2007
ATHR (Atheros Communications--$34.68; +0.89; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/a/athr.html
EARNINGS: Announced 10-29-07
STATUS: Breakout test. ATHR gapped higher on its earnings, clearing a 14 week double bottom base. It is making its test of that move this week, coming back to the 10 day EMA (32.74) on Monday's low then rebounding. It was up again Tuesday though volume has lagged behind on this move. A solid market leader. Looking for volume to come in as ATHR continues its move higher that resumes the breakout. That is when we move in.
Volume: 1.243M Avg Volume: 1.649M
BUY POINT: $35.25 Volume=1.8M Target=$42.45 Stop=$33.57
POSITION: QRA CG - Mar. $35c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/athr.html
Play Date: 11/06/2007
HK (Petrohawk Energy--$18.69; +0.71; optionable): Independent oil and gas
http://biz.yahoo.com/p/h/hk.html
EARNINGS: 11-8-07
STATUS: Test breakout. Strong volume Tuesday as HK jumped higher off the higher low made this week above the 50 day EMA in HK's 3 week test of the early October breakout from its 15 week double bottom with handle base. It broke out then fell into this current ascending pattern. Strong money flow is moving higher ahead of price and we are looking to move in as HK continues the nice break higher.
Volume: 2.423M Avg Volume: 1.69M
BUY POINT: $18.89 Volume=1.7M Target=$22.75 Stop=$17.89
POSITION: HK CW - Mar. $17.50c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/hk.html
Play Date: 11/06/2007
KCI (Kinetic Concepts, Inc.--$62.50; +1.00; optionable): Medical appliances
http://biz.yahoo.com/p/k/kci.html
EARNINGS: Announced 10-23-07
STATUS: Ascending triangle. Surging volume this week, particularly on Tuesday but on no real news. It made a higher low at the 90 day SMA (59.50) the past two weeks, and now it is moving higher, moving toward the breakout from its 15 week base. It tanked on its earnings but held the 90 day and continued working on the base. Looking for the breakout on continued solid trade. Very nice pattern.
Volume: 6.457M Avg Volume: 959.902K
BUY POINT: $63.15 Volume=1.1M Target=$72.95 Stop=$60.97
POSITION: KCI CL - Mar. $60c (57 delta, 142 OI) &/or Stock
http://www.investmenthouse.com/cd/kci.html
Play Date: 11/06/2007
TKC (Turkcell--$24.00; +0.57; optionable): Foreign wireless telecom (Turkey)
http://biz.yahoo.com/p/t/tkc.html
EARNINGS: 11-7-07 after the close
STATUS: Cup w/handle. Earnings are after the Tuesday close and that always adds an element of risk to any stock play. TKC has set up nicely in a 4 week base after a good run from September. This base took some of the froth out of that run and it is set up well to move higher. Riskier as noted, but if it shows us a good move on Wednesday we are looking at taking some positions ahead of the earnings.
Volume: 1.065M Avg Volume: 1.043M
BUY POINT: $24.21 Volume=1.5M Target=$28.95 Stop=$23.11
POSITION: TKC DX - Apr. $22.50c (69 delta) &/or Stock
http://www.investmenthouse.com/cd/tkc.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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