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Email Version, Section 2, Wednesday 01-19-2005
PremierInvestor.net Newsletter Wednesday 01-19-2005
section 2 of 2
Copyright (c) 2005, All rights reserved.
Redistribution in any form is strictly prohibited.
The entire newsletter is best viewed in COURIER 10 for alignment
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In section two:
Stop Loss Adjustments: None
Net Bulls (Tech Stocks)
New Bearish Plays: SNPS
Active Trader (Non-tech Stocks)
New Bearish Plays: EMMS
Stock Splits
Announcements: EBAY
Trading Ideas
Value Plays With Bullish Signals
Breakout to Upside (Stocks $5 to $20)
Breakout to Upside (Stocks over $20)
Breakout to Downside (Stocks over $20)
Recently Overbought With Bearish Signals (Stocks over $20)
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Stop Loss Adjustments
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None
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Net Bulls (NB) Tech Stock section
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New Plays
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New Bearish Plays
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Synopsys - SNPS - close: 17.14 change: -0.56 stop: 17.90
Company Description:
Synopsys, Inc. is a world leader in electronic design automation
(EDA) software for integrated circuit (IC) design. The company
delivers technology-leading IC design and verification platforms
to the global electronics market, enabling the development of
complex systems-on-chips (SoCs). Synopsys also provides
intellectual property and design services to simplify the design
process and accelerate time-to-market for its customers. Synopsys
is headquartered in Mountain View, California and has offices in
more than 60 locations throughout North America, Europe, Japan
and Asia. (source: company website)
Why We Like It:
Yesterday's oversold bounce in the GSO software index is already
failing and that's bad news for beleaguered SNPS. The stock has
seen some rocky times the past several months and the market
weakness in January has not been kind to SNPS either. The up
trend during the Q4 proved to be nothing more than SNPS filling
the gap from August. After essentially filling that gap at year
end shares turned lower on rising volume. It didn't help that on
January 10th the company lowered its 2005 earnings outlook.
Today's action also looks troublesome for SNPS with a new bearish
engulfing candlestick. We want to use a TRIGGER to capture a
breakdown under the $17.00 level. Our entry point will be $16.95
and we'll target a drop to support near $15.50. We'll start with
a stop loss at $17.90 above today's high. P&F chart readers will
note that SNPS is currently in a buy signal but a drop under
$17.00 would reverse that into a new sell signal.
Annotated chart:
Picked on January xx at $xx.xx <-- see TRIGGER
Gain since picked: + 0.00
Earnings Date 02/17/05 (confirmed)
Average Daily Volume: 1.5 million
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Active Trader (AT) Non-Tech Stock section
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New Plays
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New Bearish Plays
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Emmis Corp - EMMS - close: 17.45 change: -0.32 stop: 17.85
Company Description:
Emmis Communications is an Indianapolis-based diversified media
firm with radio broadcasting, television broadcasting and
magazine publishing operations. Emmis owns 23 FM and 2 AM
domestic radio stations serving the nation's largest markets of
New York, Los Angeles and Chicago as well as Phoenix, St. Louis,
Austin, Indianapolis and Terre Haute, IN. In addition, Emmis owns
a radio network, international radio stations, 16 television
stations, regional and specialty magazines, and ancillary
businesses in broadcast sales and book publishing.
(source: company website)
Why We Like It:
This diversified media stock is not having a good year. Shares
peaked back in January 2004 and have been withering lower ever
since. EMMS tried to form a base over the last few months with a
sideways trading range between $17.50 and $20.00 but it looks
like that attempt is failing. As a matter of fact it almost
looks like EMMS has produced a bearish head-and-shoulders
pattern. Impacting stock performance was a disappointing
earnings report early this month. The company hit estimates but
revenues came in under Wall Street expectations. Now after five
days of consolidating between $17.50 and $17.85 shares of EMMS
are breaking down. However, we don't want to go short just yet.
There was a low near $17.40 back in September so we want to use a
TRIGGER at $16.99 to open the play. If and when EMMS trades at
our entry point to go short we'll target a drop toward the $15.00
level. The P&F chart confirms the bearish trajectory with a
$6.00 target.
Annotated chart:
Picked on January xx at $xx.xx <-- see TRIGGER
Gain since picked: + 0.00
Earnings Date 01/06/05 (confirmed)
Average Daily Volume: 478 thousand
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Stock Splits
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Announcements
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EBAY announces a 2-for-1 split
Internet auction giant eBay (NASDAQ:EBAY) reported Q4 earnings
after the bell this evening. Management tried to soften
disappointing earnings with a 2-for-1 stock split announcement.
The Board of Directors approved the split payable on February 16,
2005 to shareholders on record as of January 31st.
About the company:
eBay is The World's Online MarketplaceŽ. Founded in 1995, eBay
created a powerful platform for the sale of goods and services by
a passionate community of individuals and businesses. On any given
day, there are millions of items across thousands of categories
for sale on eBay. eBay enables trade on a local, national and
international basis with customized sites in markets around the
world. Through an array of services, such as its payment solution
provider PayPal, eBay is enabling global e-commerce for an ever-
growing online community
(Source: Company Press Release)
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Trading Ideas
==================
This section contains stocks that meet criteria which may make
them of interest to long and short side traders. These are not
recommendations, nor have they been reviewed by PremierInvestor
editors for investment potential. However, each of them has
technical and fundamental characteristics that make them worthy
of further review by traders and investors looking for fresh ideas.
New stocks will appear daily following the market close.
Value Plays With Bullish Signals
---------------------------------
Ticker Company Name Close Change
GDW Golden West Financial 62.35 +0.72
PHM Pulte Homes 66.52 +0.51
SUN Sunoco Inc 83.88 +0.80
HOV Hovnanian Enterprises 52.21 +0.53
CBL CBL & Assoc. 72.02 +0.80
WCI WCI Communities 30.88 +1.13
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Breakout to Upside (Stocks $5 to $20)
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TRY Triarc Co 14.52 +1.78
GRU Gurunet Corp 10.90 +1.80
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Breakout to Upside (Stocks over $20)
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MCO Moody's Corp 85.34 +1.14
KMI Kinder Morgan 74.43 +1.94
JOE St. Joe Co 70.10 +1.72
PENN Penn Ntl Gaming 67.37 +2.97
IMDC Inamed Corp 65.38 +1.62
NX Quanex Corp 50.51 +1.58
DRQ Dril-Quip 27.25 +1.25
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Breakout to Downside (Stocks over $20)
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QCOM Qualcomm Inc 41.07 -1.55
EBAY eBay Inc 103.05 -3.32
FNM Fannie Mae 67.43 -2.27
STT State Street 45.06 -1.46
AL Alcan Inccue Metal 39.25 -5.15
SAFC Safeco Corp 47.61 -2.63
DRL Doral Financial 44.00 -5.45
MACR Macromedia 25.99 -1.36
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Recently Overbought With Bearish Signals (Stocks over $20)
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SLM SLM Corp 52.94 -1.34
BEC Beckman Coulter 68.00 -1.95
IOC Interoil Corp 36.00 -1.34
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This newsletter is a publication dedicated to the education
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newsletter picks are not to be considered a recommendation
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is possible at this or some subsequent date, the editors and
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