主题：03/24/2009 Market View -- 宁子

Play Date: 03/24/2009

ACOR (Acorda Therapeutics--$25.82; -1.15; optionable): Biotechnology

http://biz.yahoo.com/p/a/acor.html

After Hours: $25.82

EARNINGS: 05/06/2009

STATUS: Test breakout. ACOR broke higher out of a pretty ragged 9 week ascending base, surging on strong volume Friday to make the break. ACOR held up pretty well in the hard selling but it was not immune; it used it, however, to form a double bottom and rallied into January. It consolidated in the current base and made that break Friday and then tested it Tuesday on very low, below average volume. Excellent position to break higher after this test as it sits on the peaks in the base. Money flow is surging higher ahead of price. Plenty of room to run overhead. Just waiting for the next break higher.

Volume: 459.509K Avg Volume: 609.857K

BUY POINT: $27.03 Volume=850K Target=$31.95 Stop=$25.45

POSITION: QOR GE - July $25c (63 delta, wide spread) &/or Stock

http://www.investmenthouse.com/cs/acor.html

Play Date: 03/24/2009

BHI (Baker Hughes--$33.47; -0.83; optionable): Oil and gas service company

http://biz.yahoo.com/p/b/bhi.html

After Hours: $33.42

EARNINGS: 01/28/2009

STATUS: Cup w/handle. BHI has formed a 7 week base, its second since bottoming in December. The January to early February base didn't hold, falling back into this base. It gapped over the 50 day EMA (31.49) Thursday, then filled the gap Friday. Bounced right back up to start this week, testing a bit Monday on low trade. May take a couple more days to form the handle better but we can wait. When baker breaks higher it is in great position to rally run.

Volume: 4.541M Avg Volume: 5.388M

BUY POINT: $34.39 Volume=7M Target=$39.95 Stop=$31.98

POSITION: BHI GG - July $35c (44 delta) &/or Stock

http://www.investmenthouse.com/ci/bhi.html

Play Date: 03/24/2009

CYBS (Cybersource--$13.89; -0.19; optionable): Electronic payment, risk management solutions for small business merchants

http://biz.yahoo.com/p/c/cybs.html

After Hours: $13.89

EARNINGS: 01/29/2009

STATUS: Ascending base. CYBS gapped higher in late January on earnings and rallied to the 200 day SMA (now at 13.65), tested back to the 50 day EMA and the twin peaks in December/January and found support. That took it back up to the 200 day and it has spent the past week breaking over and under that level. Strong Monday volume as it broke back over the 200 day. Then Tuesday low volume as it tested modestly back. That hold over the 200 day after the break is solid. Want to be in it as it jumps up off this 200 day on rising trade.

Volume: 597.844K Avg Volume: 775.562K

BUY POINT: $14.42 Volume=1M Target=$16.95 Stop=$13.41

POSITION: CXQ GC - July $15c (44 delta) &/or Stock

http://www.investmenthouse.com/ci/cybs.html

Play Date: 03/24/2009

SMH (Semiconductor Holders Trust--$18.78; -0.49; optionable)

After Hours: $19.33

STATUS: Cup w/handle. Up and down the past week, forming a lateral handle to a 7 week base. This is the last in a series of small bases that formed the December to March trading range. SMH broke higher, clearing the January and February peaks and then trading around them. If the market continues higher from here SMH is in position to run toward the 200 day SMA.

Volume: 13.608M Avg Volume: 15.396M

BUY POINT: $18.55 Volume=18M Target=$21.94 Stop=$17.82

POSITION: SZS ER - May $18c (64 delta) &/or Stock

http://www.investmenthouse.com/ci/smh.html

Play Date: 03/24/2009

SMTC (Semtech--$13.03; -0.43; optionable): Semiconductor integrated circuits

http://biz.yahoo.com/p/s/smtc.html

After Hours: $13.00

EARNINGS: 03/04/2009

STATUS: Test breakout. SMTC broke higher over the 200 day SMA (12.73) two weeks back, finally making that move after failing in early February. The move was a breakout form its 6 week double bottom base, and you can say this flag that has formed the past two weeks over the 200 day, but now holding solid over some intraday peaks at 13. Range is tightening some and looking for SMTC to make a strong break higher once more off this level.

Volume: 579.853K Avg Volume: 782.644K

BUY POINT: $13.57 Volume=1M Target=$15.95 Stop=$12.74

POSITION: QTU FP - June $12.50c (64 delta, low OI) &/or Stock

http://www.investmenthouse.com/ci/smtc.html