Buy EHTH for $22.25 or Better

The Hot IPO Trader
Friday, October 13, 2006
By Louis Basenese

Email – #76

** Buy EHTH at $22.25 or Better

Shares of eHealth (Nasdaq: EHTH) priced above the expected range at $14 last night and opened with a nice pop.

Prices have just begun to pull back, making now an attractive time for an entry. Use a limit order; and if we don’t get a fill today, I’ll provide an update on Monday.

Action to Take:

Buy eHealth (Nasdaq: EHTH) at $22.25 or better.

Keeping with our discipline, let’s set some profit targets:

Profit Target 1: Sell half of your position if shares climb 20% above your entry.

Profit Target 2: Sell half of your remaining position if shares climb 40% above your entry. Let the remaining half (or 1/4 of your original position) ride.

Elsewhere, we locked in a 40% gain on Riverbed Technology (Nasdaq: RVBD) on Tuesday when prices pierced the $21 level. Raise your stop on your remaining shares to $17 and sit tight for the prospect of even higher gains.

Good investing,

Louis Basenese

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Stock
Current Price
Comments

eHealth (Nasdaq:EHTH)
NEW
Buy at $22.25 or better.

Riverbed Technology (Nasdaq: RVBD)

$18.38
Raise sell stop to $17.

Security Capital Assur.(NYSE: SCA)

$27.20
Sell stop is $20.

MasterCard (NYSE: MA)

$70.90
Sell stop is $65.

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