主题：12/22/2009 Market View -- 宁子

Upside:

Play Date: 12/22/2008

BBY (Best Buy--$27.31; -0.79; optionable): Electronics stores

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

EARNINGS: 3-26-08

STATUS: Double bottom w/handle. BBY gapped higher last Tuesday, clearing the 50 day EMA (25.87) and something of a first handle in its 11 week base. Strong volume on that surge took BBY near 30, and then it started to the tests as the market made the test late last week. It is holding over the 10 day EMA (26.20) and the 50 day EMA on low, low volume. Looking for BBY to test the 10 day and then rebound. We want to catch it on the rebound on some better upside volume. It may not go all the way back, and if it does not we can must move in as it starts back up. Have a hunch it will come on back, however. Either way BBY is giving us a nice test to a nice pattern and in a market where retail is despised almost as much as the semiconductors. Yet the continue to perform.

Volume: 6.652M Avg Volume: 10.522M

BUY POINT: $26.77 Volume=14M Target=$33.92 Stop=$25.88

POSITION: BBY CE - Mar. $25c (69 delta) &/or Stock

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

Play Date: 12/22/2008

BRLI (Bio-Reference Labs--$26.90; -0.36; optionable): Medical labs

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

EARNINGS: Announced 12-18-08

STATUS: Test breakout. BRLI announced its earnings and surged through the 200 day SMA (24.96) on Thursday, moving on strong volume. The move took it out of a 15 week double bottom with handle base, and clearing the 200 day SMA was a nice bonus. It is testing somewhat, tapping toward the 200 day on the Monday low (25.72) and then rebounding to close basically flat. May come back to test some more before it starts back up, but want to be ready if it starts up right here. If it does test back some more that is fine as we will let it come back and then grab it as it rebounds once more.

Volume: 119.879K Avg Volume: 126.188K

BUY POINT: $27.48 Volume=225K Target=$33.39 Stop=$25.56

POSITION: BJQ BE - Feb. $25c (67 delta, 77 OI) &/or Stock

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

Play Date: 12/22/2008

HMSY (HMS Holdings--$29.00; -0.24; optionable): Cost containment, payment accuracy services for govt. health care programs

http://biz.yahoo.com/p/h/hmsy.html

EARNINGS: 2-20-08

STATUS: Double bottom w/handle. HMSY made is some nice coin on its November to early December run and has come back to test, bouncing off the 50 day EMA (26.55) and coming back up to test the December high. It is now making a new test, tapping the 10 day EMA on the Monday low (29.55). Looks to be making a higher low here in its 12 month base. Showing some really high upside volume to end last week, and looking for a good volume jump as HMSY makes a new upside surge.

Volume: 294.072K Avg Volume: 338.992K

BUY POINT: $29.68 Volume=500K Target=$35.91 Stop=$27.89

POSITION: QHT CE - Mar. $25c (75 delta, low OI) &/or Stock

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

Play Date: 12/22/2008

LRCX (Lam Research--$21.43; -0.63; optionable): Semiconductor equipment

http://biz.yahoo.com/p/l/lrcx.html

EARNINGS: Third week of January

STATUS: Trend reversal. Calling this a trend reversal as LRCX formed something of a double bottom in October and November though the November low was a pretty good undercut of October. It has rebounded with a rally up to the 50 day EMA (22.02), trading on both sides of that key level the past week and one-half. Looking for a higher low to come out of this consolidation and send LRCX higher to follow the nice bump in the money flow that shot higher this month.

Volume: 2.323M Avg Volume: 3.654M

BUY POINT: $22.31 Volume=4.5M Target=$26.50 Stop=$20.75

POSITION: LMQ CD - Mar. $20c (66 delta) &/or Stock

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