AMKR, CBK, BONZ PIR JBL FDS VRTS
(still very positive on RINO, BBY, of course we wait for GTK, and positive on KR even though stopped out on trailing stop)
AMKR fabulous doji on the 50 and 20 ma. The buy above 17.50, the move through 19 at least.
CBK (now an official earnings play) has triggered and reversed and is essentially already a long. Should continue above 27.37 for the move to 30 and higher. A special important ingredient of CLIMACTIC VOLUME was added to CBK today making it even more attractive.
BONZ downgraded but filled the gap probably fans wanting to buy cheaper. Question here is if the downgrade was legit, will this drop once profit taking sets it. VOLUME IS DEFINITELY THERE.
clash of the titans - First Albany and WR Hambrecht
Sept 11: RESEARCH ALERT-First Albany cuts Interpore Cross to "neutral"
NEW YORK, Sept 5 (Reuters) - WR Hambrecht on Friday said it raised its price target for shares of medical device company Interpore Cross International (NasdaqNM:BONZ - News) to $20 from $16, with a 12-month time frame
We might have a legit move here from 18.50 through 19.50 but the volatility will make for an interesting play. The long above 18.50 might be the quick entry and exit before a short of a spike high in the 19 area. Very interesting play PURE SINK OR SWIM here and a REVERSAL TIMES play (10:00 might be trend change)
PIR earnings play for Tuesday before the open PIR usually beats earnings but now we'll suffice with "anticipatory upswing" Yesterday's doji looks like the exhaustion of downtrend the buy above 19.20 perhaps an earnings run here (19.70 next resistance at the 20 ma)
JBL nice play would have liked a bigger pullback in front of earings but the buy above 28.30 for a point or more We might set up once agan next week for an earnings run in a later reversal period (2:00 breakout once again) so JBL is on our scope as a priority play. Earnings out Thursday after the close.
FDS low volume but this is a winner. Always beats (5 years an earnings play) We might hope for more volume closer to earnings (like MATK) I don't expect volume to remain at 246,000 Looks like a good opportunity to pick this up above 49.60 for the move back to 53 After the June 17 earnings report FDS soared from 38 to 49. Fourth quarter should be fine but we are looking for some increased volume and "anticipatory upswing" to continue.
UDPATE 1-FactSet 3rd quarter profit up 37.8 pct
VRTS buy trigger right at the 20 ma 33.60 for a retest of 35.
