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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 05/08/2008
ANSS (Ansys--$42.90; +0.05; optionable): Technical software
http://biz.yahoo.com/p/a/anss.html
EARNINGS: Announced 5-1-08
STATUS: Test breakout. Surged higher on its earnings to start the month, breaking out of a 17 week cup with handle base. Strong volume on the move and then tested back the past week on lower trade, showing few sellers. Great breakout to a new all-time high, nice test giving us a great entry point when it makes the break higher.
Volume: 648.271K Avg Volume: 892.468K
BUY POINT: $43.44 Volume=1M Target=$51.95 Stop=$41.77
POSITION: QUS GH - July $40c (72 delta) &/or Stock
http://www.investmenthouse.com/ci/anss.html
Play Date: 05/08/2008
IVGN (Invitrogen--$92.84; -0.16; optionable): Biotechnology. Splits 2:1 on 5-28-08
http://biz.yahoo.com/p/i/ivgn.html
EARNINGS: Announced 4-22-08
STATUS: Test breakout. Blasted out of a 13 week reverse head and shoulders base on its earnings news. It continued the run on up 96 on the move and has tested the past week, coming back to near support at the 10 day EMA on low volume. Holding this support the past four sessions in a tight range. Just waiting for the break higher on stronger volume to give us the entry to the pre-split run.
Volume: 435.018K Avg Volume: 749.633K
BUY POINT: $94.44 Volume=1.1M Target=$105.95 Stop=$92.32
POSITION: IUV HS - Aug. $95c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/ivgn.html
Play Date: 05/08/2008
NTES (Netease.com--$22.66; -0.57; optionable): Chinese internet content
http://biz.yahoo.com/p/n/ntes.html
EARNINGS: Late May
STATUS: Breakout test. Blasted higher in late April, gapping out of a 5.5 month base on strong, above average volume. Rallied up to 24 on the high and now testing this week, coming back to the 10 day EMA (22.54) on the Thursday low. Looking for it to hold at this near support and resume the breakout run. That is when we move in.
Volume: 1.36M Avg Volume: 1.093M
BUY POINT: $23.11 Volume=1.5M Target=$28.95 Stop=$22.31
POSITION: NQG IX - Sept. $22.50c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/ntes.html
Play Date: 05/08/2008
ULTI (Ultimate Software--$35.12; +0.81; optionable): Internet software
http://biz.yahoo.com/p/u/ulti.html
EARNINGS: Announced 4-30-08
STATUS: Test breakout. Exploded higher to start the month on strong volume as earnings shot it out of the cannon, breaking it out of a 6 month double bottom base. Explosive move that is now testing on very light, below average trade, coming back to the 10 day EMA Wednesday and Thursday, bouncing off that level Thursday. Nice test of the breakout and ready to move in as ULTI continues the rebound on some better trade.
Volume: 152.078K Avg Volume: 237.773K
BUY POINT: $35.72 Volume=325K Target=$42.95 Stop=$33.94
POSITION: TTA GG - July $35c (57 delta, 102 OI) &/or Stock
http://www.investmenthouse.com/ci/ulti.html
New buy point on current position:
Play Date: 05/08/2008
ITU (Banco Itau--$27.91; +0.36; optionable): Foreign bank
http://biz.yahoo.com/p/i/itu.html
EARNINGS: Announced 5-6-08
STATUS: Breakout test. Explosive move to end April and start May, surging to 32 and making us some very nice coin as it cleared its 4.5 month base and rallied. It has come back to test that move, selling down to the 18 day EMA (27.25) Wednesday and Thursday. Watching to see if ITU turns back up on some strong trade to start the move again. That is when we move in.
Volume: 6.113M Avg Volume: 6.164M
BUY POINT: $28.38 Volume=7.5M Target=$34.00 Stop=$27.05
POSITION: ITU IE - Sept. $25c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/itu.html
Good Investing!
Jon L. Johnson and your IH Alerts Team
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 in 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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