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Archives for April 2007

ISE Bought by Deutsche Boerse

April 30, 2007 by Leave a Comment

Stock of the Day – UPDATE!
International Securities Exchange Holdings
Monday’s Intra-day Price: ISE – $64.71

I don’t screen many stocks on this blog but when I do, I keep them to the best; based on my research and beliefs of the market. ISE has been posted on this blog multiple times since last fall along with its sister stocks such as ICE, BOT, CME and NMX. I have made some solid trades with these exchange stocks and I know that readers have as well.

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The former MSW members had tracked ISE for more than 30 consecutive weeks on the MSW Index as it traded along the major moving averages and built two consecutive cup shaped bases. All holders have been rewarded nicely with the news today.

Too bad my options are in NMX and not ISE.

If you haven’t already heard, ISE opened at $65.40 and currently trades 42% higher than it did last Friday.

Yahoo-Reuters News Story:
International Securities Exchange’s board of directors accepted a $67.50 per-share takeover offer from Deutsche Boerse, a source familiar with the situation said on Monday.

A formal announcement is expected later Monday, the source said. The deal was a friendly, negotiated transaction that emerged out a friendship between the chief executives of the two companies, the source said.

Deutsche Boerse wants to buy ISE to expand in the fast-growing global market for options trading. ISE is the largest U.S. equity options market. The companies could not be immediately reached for comment.

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ISE has been highlighted in these posts over the past several months:

Filed Under: Stocks

Weekend Trender – EDU

April 27, 2007 by 5 Comments

Stock of the Day – Updated
New Oriental Education & Technology Group Inc.
Monday’s Closing Price: EDU – $47.90

Sector: Consumer Discretionary
Industry: Education Services

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The stock is still trending from my original analysis areas and has performed better than most of the Chinese stocks I have covered. It is now up about 30% from the February coverage and seems to be trending higher with a steady angled pattern.

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Both the 50-d moving average and the trendline I have provided can offer additional areas of accumulation. A new position should be established near the trendline and not the 50-d m.a. (it provides a more favorable risk to reward ratio).

Institutional Numbers (February Numbers):
Shares Bought last Period: 6,313,271
Shares Sold last Period: 22,600

Value of Shares Bought: $227,073,203
Value of Shares Sold: $770,637

Previous Posts on EDU:

042707_edu_orig.png

Filed Under: China, Stocks

BIDU buy up 30% in two Days

April 26, 2007 by 6 Comments

If you haven’t already noticed, BIDU ended after hours trading near $134. I posted the buying opportunity two days ago above $103 and then posted detailed analysis when it was trading above $104 later the same day:

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The bulls are on the run:

  • BIDU: Not bad for my first trade back from Hawaii!
  • My NMX options are up
  • I sold my shares in Calpine but that may have been premature (190% gain)
  • I will buy back into Calpine if it corrects and will let you know.
Filed Under: China, Stocks

Quadruple top Breakout (LOOP)

April 26, 2007 by 4 Comments

LoopNet was up 18.39% today on volume 700% greater than the daily average (huge exploding to the upside). This volume explosion was accompanied by a breakout on the daily chart, the weekly chart and the point and figure chart. The pattern on the P&F chart qualified for a quadruple top breakout which is a powerful signal. It doesn’t guarantee success anymore than any other signal but it must be noted.

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The company beat earnings expectations yesterday and reported higher earnings which led to today’s nice move. As an article noted earlier in the day, the company operates the largest commercial real estate marketplace online and has surpassed the two-million registered members milestone. As of March 31, 2007, LoopNet reported 2,003,498 registered members and became the first and only commercial real estate service to surpass two million members.

Although the residential marketplace may be soft (not a bust in my opinion), the commercial marketplace is still booming.

LoopNet was screened on MSW back in late 2006 as an IPO to watch in the future and may be starting the run that I anticipated it could take late last year. As we look for red flags on the downside, this green flag on the up-side is one to be noted.

The next major milestone will be a new all-time high above $19.92 (closed at $18.93 today).

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Here are some interesting Institutional Numbers:
Held by Institutions: 24%
Money Market: 60
Mutual Fund: 60
Other: 4

Shares Bought: 7.5mm
Shares Sold: 2.1mm

Shares Held (currently): 16.0mm
Shares Held (previous period): 10.6mm

Value of Shares Bought: $129.0mm
Value of Shares Sold: $37.2mm

Filed Under: Point and Figure, Stocks

BIDU Stock Analysis

April 25, 2007 by 8 Comments

Stock of the Day
Baidu.com Inc.
Wednesday’s Intra-day Price: BIDU – $103.50

As many of you already know; I have bought, researched and screened multiple Chinese related companies over the past 4-6 months and this company is the leading provider of Chinese language online search services. Its search engine is the most frequently used search service in China. According to web site traffic ranking company Alexa.com, the company’s flagship web site was the most visited in China and the fifth most trafficked in the world during early 2007.

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Aside from BIDU, I have also done extensive analysis on this blog for EDU, MR, and PTR in 2007. EDU is now up about 30% since my original analysis in February: Learning about New Oriental Education (EDU)

Looking at the charts, I see a golden opportunity for a buy right here near the 200-d moving average with a confirmation above the 50-d moving average (which we got yesterday). The stock was posted to the blog in March as it started the current four week basing pattern near the long term moving average.

I mentioned a short term target of $118 earlier today based on Fibonacci retracement levels and the triple top breakout on the point and figure chart. A full 100% retracement and complete cup formation would take the stock back into the $130’s.

Next Earnings Date: 4/27/07
Sector: Information Technology
Industry: Internet Software & Services
52-week Range: $134.10 – $57.00

Institutional Statistics:
Held by Institutions: 62%
Money Market: 116
Mutual Fund: 135
Other: 4

[Read more…]

Filed Under: China, Stocks
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