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TASR  

New Long Plays

Intel - INTC - cls: 26.37 change: +0.51 stop: 25.39

Company Description:
Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. (source: company press release or website)

Why We Like It:
The semiconductors look poised to breakout and Intel looks ready to spring past resistance. Keep an eye on the SOX for a rally past 512 but the real play is INTC. We're suggesting a trigger to buy the stock at $26.55. If triggered our target is the $28.40-28.50 range. We don't have much time and plan to exit ahead of the mid October earnings report.

Picked on October xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 10/16/07 (unconfirmed)
Average Daily Volume: 65.2 million

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TASER Intl. - TASR - cls: 16.20 change: +0.51 stop: 14.99

Company Description:
TASER International's products protect life. TASER provides advanced Electronic Control Devices (ECDs) for use in the law enforcement, medical, military, corrections, professional security, and personal protection markets. TASER devices use proprietary technology to incapacitate dangerous, combative, or high-risk subjects who pose a risk to law enforcement officers, innocent citizens, or themselves in a manner that is generally recognized as a safer alternative to other uses of force. (source: company press release or website)

Why We Like It:
Shares of TASR have been on the rebound. The company has recently been somewhat successful getting some lawsuits against its products dismissed. Technically shares of TASR have a bullish trend of higher highs and higher lows and today's breakout over $16.00 looks like a new entry point. We're suggesting positions now. More conservative traders could wait for a new rise past $16.50. Our target is the $17.75-18.00 range. The P&F chart is pretty bullish with a $24 target.

Picked on October 01 at $16.20
Change since picked: + 0.00
Earnings Date 10/24/07 (unconfirmed)
Average Daily Volume: 2.7 thousand
 

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