主题：04/14/2009 Market View -- 宁子

Upside:

Play Date: 04/14/2009

OPTR (Optimer Pharmaceuticals--$13.15; -0.19; optionable): Biotechnology

http://biz.yahoo.com/p/o/optr.html

After Hours: $13.16

EARNINGS: 03/11/2009

STATUS: Breakout test. Very nice late March breakout from its 3 month ascending triangle. Nice rally to 14 on the high and then testing back the past week and one-half, holding near support at the 18 day EMA (12.94), keeping it above the peaks in the base. Nice breakout to a new all-time high (a new issue in mid-2007) and a great-looking test is setting up the next break higher.

Volume: 284.617K Avg Volume: 269.629K

BUY POINT: $13.34 Volume=325K Target=$15.48 Stop=$12.81

POSITION: QDT FV - June $12.50c (63 delta, low OI) &/or Stock

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

Play Date: 04/14/2009

RRC (Range Resources--$41.02; +1.10; optionable): Independent oil and gas

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

After Hours: $41.02

EARNINGS: 02/24/2009

STATUS: Pennant. RRC is testing the mid-March breakout from a 4.5 month trading range. Nice surge to 46 on the run and then an up and down pennant formed using the top of the old range as support. Nice low volume the past week as it tests back to the 200 day SMA (41.20) just over the top of the base. Super money flow is surging higher. Nice doji action at the support and just waiting for a big of a break higher to show the buyers are back and ready to send it higher.

Volume: 3.267M Avg Volume: 3.024M

BUY POINT: $42.66 Volume=4M Target=$49.72 Stop=$41.08

POSITION: RRC FH - June $40c (54 delta) &/or Stock

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

Play Date: 04/14/2009

XLNX (Xilinx--$20.71; +0.40; optionable): Semiconductors

http://biz.yahoo.com/p/x/xlnx.html

After Hours: $20.44

EARNINGS: 04/22/2009

STATUS: Cup w/handle. Tuesday XLNX started the breakout from 6.5 month base, again moving on solid volume. Somewhat volatile on the session as the market moved up and down intraday but XLNX closed well. Gapped higher Thursday, clearing the 200 day SMA (20.13), then tested the gap, filling it Monday with a tap down to the 18 day EMA (19.60) before rebounding on the best volume in three weeks, almost hitting average. Nice test and recovery as the buyers stepped back in. After that shakeout XLNX broke higher. Now after the INTC earnings XLNX may come back some in the morning; it was doing its own thing after hours, not coming back at all but we will see what Wednesday brings. On a test that holds the 20.35ish range and a bounce we look to move in. If chips improve and the market overall holds decently we are looking to ride higher up to earnings and then take at least part of the gain off the table. Will see how well it trades to decide if we want to take it off before they are announced.

Volume: 9.328M Avg Volume: 9.504M

BUY POINT: From the close: $20.77. If it tests on the INTC news we will catch it when it bounces. Volume=11M Target=$23.95 Stop=$19.59

POSITION: XLQ FD - June $20c (62 delta) &/or Stock

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

Downside:

Play Date: 04/14/2009

GIS (General Mills--$49.49; -0.88; optionable): Cereal, other packaged and processed foods

http://biz.yahoo.com/p/g/gis.html

After Hours: $49.49

EARNINGS: 03/18/2009

STATUS: Downside. GIS is in a continuing downtrend from September 2008. It gapped sharply lower in March on its earnings, then fought back through last week, but it could not even fill the gap. It started to sag Friday and then Tuesday GIS tanked below the April consolidation attempt, falling on the first above average volume session since the first of April. Ready to move in as GIS continues moving lower. A move to the target lands a 47%ish gain.

Volume: 4.697M Avg Volume: 4.5M

BUY POINT: $49.36 Volume=4.5M Target=$47.24 Stop=$50.44

POSITION: GIS QJ - May $50p (-48 delta)

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

Play Date: 04/14/2009

NDAQ (Nasdaq Stock Market--$28.56; -3.85; optionable): NASDAQ exchange

http://biz.yahoo.com/p/n/ndaq.html

EARNINGS: Mid-June

STATUS: Continuing downtrend. Peaked in early 2008 and has trended steadily lower until January. It has put in some lows at 18 and is trading in a range between 18 and 24. It did not make it that high this time around, gapping lower Tuesday on elevated though still below average volume. Looking for a run down to the bottom of the range. That move brings a 46%ish gain.

Volume: 3.254M Avg Volume: 4.11M

BUY POINT: $20.22 Volume=4.5M Target=$18.15 Stop=$20.88

POSITION: NQD QD - May $20p (-41 delta)

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

Play Date: 04/14/2009

SOHU (Sohu.com--$39.96; -4.57; optionable): Chinese internet

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

After Hours: $39.96

EARNINGS: 02/09/2009

STATUS: Rolling range. SOHU is one of the stocks banging up and down in a trading range the past 4 months. It has formed something of an ascending triangle, a bullish pattern, but this last move higher to the top of the range has come on lower and lower below average volume. Thus after a decent surge Monday to the top of the range on a return to above average volume it showed a low volume doji Tuesday. This kind of action has signaled a run down in the range, and with such a lengthy run the past two weeks on light trade SOHU is ripe for another pullback. We are just looking to trade down to the middle of the range as an initial target. That gives us a 41%ish gain.

Volume: 6.217M Avg Volume: 1.35M

BUY POINT: $49.58 Volume=1.6M Target=$45.48 Stop=$51.12

POSITION: UZK QJ - May $50p (-46 delta)

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