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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/12/2008
AMT (American Tower--$42.76; -0.26; optionable): Cell towers, communication relays
http://biz.yahoo.com/p/a/amt.html
EARNINGS: Announced 7-30-08
STATUS: Cup. Nice bounce up off the 200 day SMA Friday and Monday, then pausing Tuesday on very low trade as AMT makes a higher low in its 12 week base. Making another run at it as AMT sets up once more for a break higher. Saw some strong trade at the end of July on its earnings, and want to see that again as it resumes the break higher.
Volume: 2.278M Avg Volume: 4.035M
BUY POINT: $43.48 Volume=6M Target=$49.95 Stop=$42.08
POSITION: AMT JZ - Oct. $42.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/amt.html
Play Date: 08/12/2008
GMT (GATX Corp.--$45.60; -1.34; optionable): Leasing of rail, marine, industrial equipment worldwide
http://biz.yahoo.com/p/g/gmt.html
EARNINGS: Announced 7-24-08
STATUS: Cup. Working on a 10 week cup base, making a pair of higher lows at the 90 day SMA (44.67) and bouncing on solid volume Monday. Tested back Tuesday to reload a bit and just waiting for GMT to make the break higher on another shot of strong volume and tell us it is ready for us to buy it.
Volume: 680.375K Avg Volume: 580.782K
BUY POINT: $47.11 Volume=871K Target=$53.95 Stop=$44.72
POSITION: GMT LI - Dec. $45c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/gmt.html
Play Date: 08/12/2008
GPRO (Gen Probe--$60.20; -0.55; optionable): Nucleic acid probe-based products
http://biz.yahoo.com/p/g/gpro.html
EARNINGS: Announced 7-31-08
STATUS: Double bottom w/handle. Exploded higher to start August on a strong earnings report, breaking through its May peak that is the hump in the big 11 month double bottom with handle base. After that surge GPRO is testing, easing back slightly but holding most all of its breakout gains. Nice low volume on the lateral move is setting up the next run higher. Very solid performer ready to make a good run.
Volume: 447.962K Avg Volume: 554.926K
BUY POINT: $61.77 Volume=832K Target=$69.95 Stop=$58.84
POSITION: PSU KL - Nov. $60c (57 delta, 270 OI) &/or Stock
http://www.investmenthouse.com/ci/gpro.html
Play Date: 08/12/2008
ONNN (On Semiconductor--$10.19; -0.18; optionable): Semiconductors
http://biz.yahoo.com/p/o/onnn.html
EARNINGS: Announced 8-6-08
STATUS: Cup. This nice little 11 week base is actually the handle to a much larger 10 month cup with handle pattern. Gapped higher on its earnings report and has moved laterally and slightly upward since. May come back some to test the 10 day EMA (9.80) before resuming the move, but it is showing excellent strength and may not give much back before it turns up once more. A strong move on rising volume is what is needed to break it free from the mid-May peak that started this last phase of the base. Very solid.
Volume: 12.453M Avg Volume: 11.689M
BUY POINT: $10.51 Volume=15M Target=$12.89 Stop=$9.77
POSITION: OKU AB - Jan. $10c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/onnn.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
stock recommendation
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