主题：03/26/2009 Market View -- 宁子

Upside:

Play Date: 03/26/2009

ATVI (Activision--$10.92; +0.66; optionable): Multimedia graphics software (games)

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

After Hours: $10.92

EARNINGS: 02/11/2009

STATUS: Cup w/handle. ATVI is breaking higher, making a new post bear market high as it moves out of a 4 month base. Strong money flow is leading higher and it looks as if ATVI is ready to follow it here. Nice quick move looks in the works.

Volume: 15.246M Avg Volume: 16.6M

BUY POINT: $11.01 Volume=18M Target=$12.74 Stop=$10.24

POSITION: AQV EB - May %10c (73 delta) &/or Stock

http://www.investmenthouse.com/cd/atvi.html

Play Date: 03/26/2009

RIG (Transocean--$63.98; -0.57; optionable): Offshore drilling

http://biz.yahoo.com/p/r/rig.html

After Hours: $64.01

EARNINGS: 05/06/2009

STATUS: Flying plateau. Moving laterally in a tight range Tuesday to Thursday after breaking higher Monday. RIG cleared the February highs on this move, a new post-low high. It has not surged with the market, so we are looking for it to bloom a bit later. That is just fine as certain market sectors move at different times. Indeed as the rest of the market gets ready to test we may see RIG then step up and make its move higher as money looks for new places to go.

Volume: 11.567M Avg Volume: 8.715M

BUY POINT: $65.36 Volume=12M Target=$74.95 Stop=$62.77

POSITION: RKJ EM - May $65c (52 delta) &/or Stock

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

Play Date: 03/26/2009

SMTC (Semtech--$13.21; +0.93; optionable): Semiconductor integrated circuits

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

After Hours: $13.21

EARNINGS: 03/04/2009

STATUS: Test trendline. Looking right back at SMTC after taking it off following the Wednesday drop to near the bottom of its uptrending channel, hitting and holding the 50 day EMA (12.25) and then bouncing Thursday. Looking to play the run off the bottom of the channel on up to the topside which should be closing in on 16 by the time SMTC gets there.

Volume: 1.007M Avg Volume: 812.876K

BUY POINT: $13.66 Volume=1M Target=$15.95 Stop=$12.66

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

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

New Buy Point on Current Position:

Play Date: 03/26/2009

BRCM (Broadcom--$20.89; +1.09; optionable): Semiconductor integrated circuits

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

After Hours: $20.89

EARNINGS: 04/21/2009

STATUS: Test 200 day SMA. After a rougher session Wednesday similar to SMTC, BRCM bounced right back up over the 200 day SMA (19.90), showing some more solid volume as it recovered. Really like its character with that move and on a continued move higher we are adding positions to capture a few days to the upside.

Volume: 21.817M Avg Volume: 15.194M

BUY POINT: $21.08 Volume=20M Target=$24.00 Stop=$19.77

POSITION: RCQ ED - May $20c (63 delta) &/or Stock

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

Downside: Just being ready in the event the market rolls over.

Play Date: 03/26/2009

RATE (Bankrate--$25.00; +1.19; optionable): Internet bank and mortgage information

http://biz.yahoo.com/p/r/rate.html

After Hours: $26.00

EARNINGS: 02/05/2009

STATUS: Put. Okay RATE has put together a nice run, but that has taken it to resistance from the July 2008 lows and on across into February. It is also bumping the 50 day EMA (24.94), a double layer of ice it has to break through. After this run we are looking for a test and a move back toward support at 20. A move to that level lands a 45%ish gain.

Volume: 305.196K Avg Volume: 516.684K

BUY POINT: $24.54 Volume=600K Target=$20.32 Stop=$25.48

POSITION: QIB QE - May $26p (-42 delta)

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

Play Date: 03/26/2009

STT (State Street--$30.12; +0.29; optionable): Regional bank

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

After Hours: $30.65

EARNINGS: 01/20/2009

STATUS: Put. Another financial that has rebounded to resistance and has stalled the past three sessions. Resistance is from the September low, November low, and February high. If the market reverses course and STT breaks lower on strong volume we will look to enter the play. A move to the target lands a 42%ish gain.

Volume: 11.318M Avg Volume: 13.023M

BUY POINT: $29.48 Volume=16M Target=$24.32 Stop=$30.87

POSITION: STT QX - May $30p (-40 delta)

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