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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/11/2008
CHT (Chunghwa Telecom--$25.58; +0.33; optionable): China telecom
http://biz.yahoo.com/p/c/cht.html
EARNINGS: Date not yet released. Last announced 4-29-08
STATUS: Cup. Nice volume Friday as CHT recovered from the Thursday selling that most stocks suffered. Great recovery in its 18 week base, making a higher low on that move. Not much trade Monday, but set up well to make the break over the down trendline. It closed right at that level on Monday. Looking for volume to surge as CHT clears the trendline.
Volume: 1.017M Avg Volume: 1.177M
BUY POINT: $26.08 Volume=1.5M Target=$30.95 Stop=$24.77
POSITION: CHT LE - Dec. $25c (56 delta, 135 OI) &/or Stock
http://www.investmenthouse.com/ci/cht.html
Play Date: 08/11/2008
POL (Polyone Corp.--$8.40; +0.49; optionable): Specialized polymers
http://biz.yahoo.com/p/p/pol.html
EARNINGS: 8-7-08
STATUS: Reverse head and shoulders. Strong price and volume move Monday as POL cleared a 10 week base that is part of larger 13 month pattern of the same shape. Strong money flow is leading the way higher and POL, after its earnings release last week. Looking to move in as POL molds a great price gain for us.
Volume: 917.363K Avg Volume: 509.7K
BUY POINT: $8.51 Volume=520K Target=$10.45 Stop=$7.91
POSITION: POL KU - Nov. $7.50c (70 delta, 25 OI) &/or Stock
http://www.investmenthouse.com/cd/pol.html
Play Date: 08/11/2008
RKT (Rock-Tenn--$37.66; +1.08; optionable): Packaging products, merchandising displays
http://biz.yahoo.com/p/r/rkt.html
EARNINGS: 7-28-08
STATUS: Reverse head and shoulders. Broke out after its earnings and rallied higher, but in last Thursdays selling RKT faded. Turned out to be just a test as it tapped the 18 day EMA and bounced back, rallying on strong Friday volume and again Monday on lower though still above average trade. Nice action as RKT looks for a new all-time high. Transports (truckers, rails) formed up and broke out earlier. Now paperboard companies are as well. There is something behind the small caps' break higher.
Volume: 578.26K Avg Volume: 452.6K
BUY POINT: $37.88 Volume=475K Target=$44.95 Stop=$35.23
POSITION: RKT JG - Oct. $35c (67 delta, 142 OI) &/or Stock
http://www.investmenthouse.com/cd/rkt.html
Play Date: 08/11/2008
TKLC (Tekelec--$16.76; +0.09; optionable): Telecom processing systems
http://biz.yahoo.com/p/t/tklc.html
EARNINGS: Announced 8-6-08
STATUS: Test breakout. TKLC gapped higher on 8-6-08 on its earnings results. After the gap it has come back to test, tapping toward the 10 day EMA (16.24) on the Friday and Monday low then rebounding. It tapped lower in early June, based, then gapped higher last week; that pattern is an island reversal, a bullish pattern. May come back to test the 10 day EMA fully. We will let it finish the test and then as TKLC breaks higher again on some solid trade that is our buy point.
Volume: 1.108M Avg Volume: 642.12K
BUY POINT: $17.21 Volume=850K Target=$20.95 Stop=$16.14
POSITION: KQ KC - Nov. $15c (72 delta) &/or Stock
http://www.investmenthouse.com/cd/tklc.html
New buy point on current position:
Play Date: 08/11/2008
SYNA (Synaptics--$53.60; -0.38; optionable): Business software
http://biz.yahoo.com/p/s/syna.html
EARNINGS: Announced 7-31-08
STATUS: Flying plateau. Excellent surge for us to start August, moving out of its 7 week cup with handle base, part of a much larger 8 month cup with handle base. Great surge, great volume, then moving in a tight lateral range on low volume. Love a stock that refuses to give up its gains and looking for SYNA to make another nice break higher and make us some more money. Love buying into leaders ready to make the next great move.
Volume: 764.2K Avg Volume: 1.068M
BUY POINT: $54.69 Volume=1.4M Target=$64.95 Stop=$51.22
POSITION: QYG LJ - Dec. $50c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/syna.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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trade stock
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