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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 07/31/2008
AMT (American Tower--$41.90; -0.90; optionable): Cell phone towers
http://biz.yahoo.com/p/a/amt.html
EARNINGS: Announced 7-30-08 before the open
STATUS: Double bottom. AMT announced earnings before the Wednesday open and gapped higher. Thursday it faded back, holding part of the gain as volume dropped back. Will see how it handles this test of break higher and if it holds and resumes on more volume then it is a buy as it continues the move out of this 8 week base. May take a few days to set up, forming a handle to the base to give it a better launch point.
Volume: 5.299M Avg Volume: 4.124M
BUY POINT: $42.88 Volume=5.8M Target=$48.95 Stop=$41.31
POSITION: AMT JZ - Oct. 42.50c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/amt.html
Play Date: 07/31/2008
ATVID (Activision, Inc.--$35.98; +0.20; optionable): Multimedia game, graphics software. Splits 2:1 on a date to be determined
http://biz.yahoo.com/p/a/atvid.html
EARNINGS: 7-31-08 after the close
STATUS: Reverse head and shoulders. Announced its results after hours and they were impressive, but the stock was down 0.75 after the news. Nice 7 week pattern has formed with ATVID coming back to the 18 day EMA (35.35) the past week. Nice hold at near support and will see if it makes the breakout on the earnings results or pretty near thereafter. Really solid results with a nice pattern to set up the next run.
Volume: 4.356M Avg Volume: 5.26M
BUY POINT: $36.69 Volume=7.5M Target=$43.95 Stop=$34.77
POSITION: AQV KG - Nov. $35c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/atvid.html
Play Date: 07/31/2008
CALM (Cal-Maine Foods--$37.90; -0.12; optionable): Eggs, produce
http://biz.yahoo.com/p/c/calm.html
EARNINGS: Announced 7-28-08
STATUS: Double bottom w/handle. Earnings did not blast CALM higher out of its very nicely formed 16 week base, but it also did not break it down. Instead, CALM calmly continued working on the handle shakeout over near support at the 18 day EMA (36.85), making the last shakeout to set up a breakout attempt and a move to a new all-time high. Nice set up, just needs to finish up its work and show the breakout move.
Volume: 1.217M Avg Volume: 988.611K
BUY POINT: $38.65 Volume=1.4M Target=$46.48 Stop=$36.68
POSITION: QKM KG - Nov. $35c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/calm.html
Downside:
Play Date: 07/31/2008
SCHN (Schnitzer Steel--$90.24; -1.27; optionable): Steel and iron
http://biz.yahoo.com/p/s/schn.html
EARNINGS: Announced 7-1-08
STATUS: Put. SCHN broke hard to the downside to start July with the general dumping of the materials stocks. It held at the 90 day SMA (92.34) but fell through that support and on down to the 200 day SMA (76.34). Rebounded over the past week, running up to the 90 day and tapping the 50 day EMA (93.57) on the intraday high Wednesday, then fading back. Struggled to hang on Thursday, managing to rebound to recover some losses. Money flow is heading lower ahead of price and we are looking for SCHN to fail here and head lower, following the money. A move to the target lands a 45%ish gain.
Volume: 1.016M Avg Volume: 773.242K
BUY POINT: $88.44 Volume=1.2M Target=$80.35 Stop=$90.88
POSITION: SQQ UR - Sept. $90p (-48 delta)
http://www.investmenthouse.com/ci/schn.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.
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stock recommendation
stock investment information
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