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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/14/2008
DTSI (DTS, Inc.--$31.50; +1.04; no options): Electronic equipment
http://biz.yahoo.com/p/d/dtsi.html
EARNINGS: Announced 8-7-08
STATUS: Double bottom w/handle. Strong volume Thursday as DTSI comes off of support at the 90 day SMA at the bottom of the handle of its 8 week base. Nice use of the 200 day SMA (26.90) on the two bottoms as DTSI sets up a solid foundation for a breakout to a new all-time high. Excellent pattern, strong stock.
Volume: 339.814K Avg Volume: 212.783K
BUY POINT: $32.69 Volume=315K Target=$38.95 Stop=$30.40
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/dtsi.html
Play Date: 08/14/2008
NSM (National Semiconductor--$23.28; +0.14; optionable): Semiconductors
http://biz.yahoo.com/p/n/nsm.html
EARNINGS: 9-5-08
STATUS: Double bottom w/handle. After bottoming in March 2008, this is NSM's first real base, and it is a nice set up to spring it to the next level and on up toward the 2007 high near 30. A very good pattern to set the foundation for a run up to those highs.
Volume: 3.656M Avg Volume: 7.328M
BUY POINT: $23.89 Volume=11M Target=$28.85 Stop=$22.45
POSITION: NSM KX - Nov. $22.50c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/nsm.html
Play Date: 08/14/2008
RL (Ralph Lauren--$73.05; +3.30; optionable): Apparel
http://biz.yahoo.com/p/r/rl.html
EARNINGS: Announced 8-6-08
STATUS: Test breakout. After an ugly decline July 2007 to January 2008, RL has been rebuilding. It based and then broke out in late May. Then it gave it up and fell into this base, a 10 week double bottom. Strong volume on the break higher, then a nice low volume test Tuesday and Wednesday, tapping at the 10 day EMA on the Wednesday low and rebounding. Then Thursday it was up sharply on a nice jump in above average volume. RL is ready to ride again, clearing some very important resistance on this move from May, and then Q4 2007. Very solid turnaround in progress.
Volume: 2.782M Avg Volume: 1.988M
BUY POINT: $73.77 Volume=2.2M Target=$84.95 Stop=$68.61
POSITION: RL JN - Oct. $70c (66 delta) &/or stock
http://www.investmenthouse.com/ci/rl.html
Play Date: 08/14/2008
STST (Sensytech--$26.69; -0.57; optionable): Scientific and technical instruments
http://biz.yahoo.com/p/s/stst.html
EARNINGS: Announced 8-7-08
STATUS: Test breakout. STST is in the process of reversing a 3 year decline. It has formed a 17 month double bottom with handle base and broke out this month on earnings and then tested this week, coming back to the 10 day EMA (26.27) this week, tapping it on the Thursday low and bouncing back after gapping lower. Good test and now ready to resume the breakout move and continue its very nice recovery and run toward a new high.
Volume: 247.306K Avg Volume: 153.418K
BUY POINT: $27.21 Volume=250K Target=$32.75 Stop=$25.77
POSITION: TQC LE - Dec. $25c (67 delta, low OI) &/or Stock
http://www.investmenthouse.com/cd/stst.html
Downside:
Play Date: 08/14/2008
MOS (Mosaic Company--$104.35; -2.73; optionable): Agricultureal chemicals
http://biz.yahoo.com/p/m/mos.html
EARNINGS: 10-3-08
STATUS: Put. Formed a head and shoulders from April to mid-July, and broke down and started a downtrend run. It fell to the 200 day SMA (108.29) to start August, bounced, then gave it up on high volume. It has recovered to that level on lower and lower trade, showing a doji Thursday that tapped the 200 day on the high and faded. Money flow is very weak. Looking for MOS to turn down from here for another run lower. A move to the target lands a 41%ish gain.
Volume: 7.131M Avg Volume: 6.813M
BUY POINT: $103.68 Volume=7.5M Target=$95.65 Stop=$105.11
POSITION: MOS UA - Sept. $105c (-46 delta)
http://www.investmenthouse.com/ci/mos.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 option
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