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Trading Notes
Trading Notes
David Goldring
Tuesday, November 16, 2004

LONGS

Synopsys (SNPS 17.09) purely technical. Setting up for significant break out, especially as it crosses 17.35. Think can trade to low 20’s quickly if it breaks out.

Mcdonalds (MCD - 30.42) maybe asking a lot, but futures down. Want to buy calls at 29.50. Think stock is on its way to mid 30’s. 29.50 was old break out and 20-day average. Put on radar.

New York Bancorp (NYB - 19.13) classic double bottom formation in place at 18. Looking to buy long term calls towards 18.50

Eon Labs (ELAB - 23.00) think stock is bottoming and would look to buy if it can recapture its 50-day average at 23.15 on a closing basis.

QLT Inc (QLTI - 16.25) 50-day moving average trending up for first time since stock topped last April. Think it is safe to start buying again.

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