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us stock market, trade stock
Begin part 3 of 3
THE PLAYS:
Upside: Again with the solid upside plays for the rally.
Play Date: 11/29/2007
BG (Bunge Ltd.--$113.45; -2.85; optionable): Farm products (beans)
http://biz.yahoo.com/p/b/bg.html
EARNINGS: Announced 10-25-07
STATUS: Cup. A great leader in the prior rally, BG has put in some time and is ready to move higher. It jumped higher on its earnings in late October, but then faded in the market selling to start November. It held the 50 day EMA (105.84) to star the month and has moved laterally in a tight range along the 50 day for three weeks. Then Wednesday, voila; it jumped higher on the strongest trade in three weeks, clearing the highs of the lateral move. Thursday it tested, tapping at the 10 day EMA (110.31) on the low and rebounding to recoup a chunk of losses. Looking for a continued move higher after this day of rest. Want to see strong trade as it resumes, but it is likely to rally right back quickly and thus we will at least take a partial position as it makes that move.
Volume: 1.565M Avg Volume: 1.238M
BUY POINT: $115.05 Volume=1.6M Target=$129.95 Stop=$113.22
POSITION: BG AC - Jan. $115c (51 delta) &/or Stock
http://www.investmenthouse.com/cd/bg.html
Play Date: 11/29/2007
EDU (New Oriental Education & Tech--$75.75; +4.28; optionable): Chinese education and training services
http://biz.yahoo.com/p/e/edu.html
EARNINGS: Announced 10-15-07
STATUS: Test 90 day SMA. Nice breakout from a 12 week base in late September and surged to 90. It was a target in the November selling given its run, and it came back to test, holding mostly at the 50 day EMA (70.97) with a quick dip down to the 90 day SMA (63.59) last week intraday, then rebounding back over the 50 day. Kind of a neat little double bottom has formed and volume surged Thursday as EDU broke higher, clearing the mid-October peak. Money flow is surging. Looks ready to rumble again and make us some more money.
Volume: 927.804K Avg Volume: 524.145K
BUY POINT: $76.45 Volume=650K Target=$91.95 Stop=$72.92
POSITION: EDU AO - Jan. $75c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/edu.html
Play Date: 11/29/2007
NOV (National Oilwell--$69.54; +3.18; optionable): Oil and gas service company
http://biz.yahoo.com/p/n/nov.html
EARNINGS: Announced 10-24-07
STATUS: Test 90 day SMA. Huge runner in 2007 and finally needed a break after splitting in early October. It has come back to the 90 day SMA (66.92) over the past 6 weeks, using the market selling to take a breather and come back to key support. Has formed something of a double bottom at this level. Thursday it was up on rising, average volume when oil was up but faded. NOV did not fade. Looking for more trade as it breaks higher; when it is ready to run it does run fast.
Volume: 5.628M Avg Volume: 5.68M
BUY POINT: $70.56 Volume=8M Target=$80.95 Stop=$66.76
POSITION: NOV BN - Feb. $70c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/nov.html
Play Date: 11/29/2007
PFWD (Phase Forward--$23.66; +0.79; optionable): Enterprise level software for clinical trial and drug monitoring activities
http://biz.yahoo.com/p/p/pfwd.html
EARNINGS: Announced 10-23-07
STATUS: Double bottom. Strong volume Thursday as PFWD started to break higher out of a short 5 week base that formed following the breakout and run higher from the summer. Like how it used the market selling to set up a new base to make the next run from. Looking to move in on a continued break and run higher.
Volume: 1.165M Avg Volume: 406.902K
BUY POINT: $24.05 Volume=500K Target=$28.95 Stop=$22.65
POSITION: UTO DX - Apr. $22.50c (65 delta, 129 OI) or UTO AX - Jan. $22.50c (67 delta, 357 OI) &/or Stock
http://www.investmenthouse.com/cd/pfwd.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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