|
|
stock recommendation, stock market recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 07/30/2008
ENER (Energy Conversion Devices--$68.61; +2.19; optionable): Solar semiconductors
http://biz.yahoo.com/p/e/ener.html
EARNINGS: 8-28-08
STATUS: Double bottom. After a strong May to late June surge ENER has tested back to the key 50 day EMA (63.03), hitting it in early July, bouncing, but then losing its drive. It sold back to the 50 day EMA and tapped the same 60 level it hit one session intraday in early July on its first bottom. Bounced and volume is moving higher. Strong money flow is leading the way higher and with volume continuing higher on a further upside move we are ready to move in.
Volume: 2.596M Avg Volume: 3.442M
BUY POINT: $68.94 Volume=500K Target=$79.75 Stop=$66.11
POSITION: EQI IM - Sept. $65c (64 delta) or EQI LN - Dec. $70c (48 delta) &/or Stock
http://www.investmenthouse.com/ci/ener.html
Play Date: 07/30/2008
RIMM (Research in Motion--$119.22; +3.16; optionable): Smart phones
http://biz.yahoo.com/p/r/rimm.html
EARNINGS: 9-25-08
STATUS: Reverse head and shoulders. After gapping lower in late June on earnings that didn't cut the mustard, RIMM languished for 4 weeks, undercutting the 200 day SMA (114.59) by a good margin. It recovered and spent the past week moving laterally just over the 200 day. The action formed the right shoulder to a 4 week base. Wednesday RIMM was up and though volume was nothing to get all rimmed up about, the market firmed and this tech is in position to make a run up toward that unfilled gap all the way up near 140. Interesting.
Volume: 14.583M Avg Volume: 18.839M
BUY POINT: $119.89 Volume=25M Target=$136.95 Stop=$116.68
POSITION: RUL ID - Sept. $120c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/rimm.html
Play Date: 07/30/2008
TMO (Thermo Fisher Scientific--$59.55; +1.40; optionable): Analytical instruments, equipment, reagents, software, etc. for research, analysis, etc.
http://biz.yahoo.com/p/t/tmo.html
EARNINGS: Announced 7-24-08
STATUS: Ascending triangle. Spent the year thus far devoting itself to an ascending triangle, making a series of higher lows along an August 2007/April 2008 trendline with a constant top at 59ish. After earnings last week it dipped to the 50 day SMA, making a higher low, and bouncing. Not a lot of volume on the bounce, but it is at the highs in the pattern and a higher low in such a situation typically precedes a breakout move. Strong money flow is leading the way higher and coupled with the higher low we are looking for a breakout move here.
Volume: 2.359M Avg Volume: 2.616M
BUY POINT: $60.12 Volume=3.9M Target=$67.74 Stop=$58.08
POSITION: TMO LL - Dec. $60c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/tmo.html
Play Date: 07/30/2008
USM (U.S. Cellular--$61.45; +1.45; optionable): Latin American wireless telecom
http://biz.yahoo.com/p/u/usm.html
EARNINGS: 8-6-08 (not confirmed)
STATUS: Double bottom. Volume was up and above average Wednesday as USM broke higher off the 50 day EMA (58.13). Volume has spiked on several occasions over the past two weeks, showing accumulation of the stock in this second bottom of its lazy, wide 24 week 'W.' Money flow is leading higher, USM is following. Looking to move in as it continues the move. Resistance is ahead at the May high at 68 and the 200 day SMA at 68.62, but with this base behind it we expect USM to push on through though it may pause and/or form some kind of handle at that point.
Volume: 116.772K Avg Volume: 120.311K
BUY POINT: $61.78 Volume=165K Target=$69.88 Stop=$58.77
POSITION: USM KL - Nov. $60c (55 delta, low OI) &/or Stock
http://www.investmenthouse.com/cd/usm.html
Good Investing!
Jon L. Johnson and The Daily Staff
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners of Online Investment Services, LP or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
|
stock recommendation
stock market recommendation
|
