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us stock market, stock recommendation
Begin part 3 of 3
Full report issues Tuesday.
THE PLAYS:
New Post-Split Plays:
Play Date: 10/20/2008
HAL (Halliburton--$20.80; +2.54; optionable): Oil and gas service company
http://biz.yahoo.com/p/h/hal.html
EARNINGS: Announced 10-20-08 before the open
STATUS: Double bottom. If you prefer, you can look at an individual oil and gas service stock versus DIG. HAL already has earnings out of the way; have to like that. It gapped higher on the news but filled much of the gap intraday, closing at the 10 day EMA. Might pause a day or two here but we feel it will not take long for HAL to continue the move off of this short double bottom formed after that rather cataclysmic fall from 55 to 15 in just over 3 months. Primed for a relief/recovery bounce and earnings are the catalyst.
Volume: 31.497M Avg Volume: 20.822M
BUY POINT: $21.64 Volume=26M Target=$25.95 Stop=$20.13
POSITION: HAL AD - Jan. $20c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/hal.html
Play Date: 10/20/2008
STLD (Steel Dynamics--$10.19; +1.44; optionable): Steel and iron
http://biz.yahoo.com/p/s/stld.html
EARNINGS: Announced 10-15-08 after the close
STATUS: Double bottom. Another steel stock, this one with earnings already in the bank. It bounced Thursday on tremendous volume after earnings and then continued the move Monday on a strong shot of volume, clearing the 10 day EMA (9.88) on the move. That also took STLD over the hump in the short two week base, an important resistance point. Money flow has taken a strong turn to the upside and STLD looks ready to give us a solid upside run toward 15 where it formed a brief shelf of consolidation in late September before the sharp October selloff.
Volume: 13.165M Avg Volume: 7.728M
BUY POINT: $10.33 Volume=10M Target=$15.22 Stop=$9.54
POSITION: RQL AB - Jan. $10c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/stld.html
Airline:
Play Date: 10/20/2008
AMR (AMR Corp.--$11.06; -0.25; optionable): Airline
http://biz.yahoo.com/p/a/amr.html
EARNINGS: Reported 10-15-08
STATUS: Trend reversal. AMR reported earnings last Wednesday after the close and jumped higher Thursday on solid, above average volume. It cleared the 200 day SMA (9.76) on that move after giving it up in early October in the market selling. AMR surged off the lows in July, again on earnings. It cleared the 200 day and has since worked more or less laterally on both sides of that key level. Money flow is running sharply higher head of price. It may take another day or two to rest after the move higher on earnings, but as it continues the move we are looking to move in as it can give us a very nice percentage return with little movement. Don't like airlines as a general rule, but as seen on the weekend report with ALK, they are putting in good patterns that can deliver us great returns even if we don't want to marry them longer term.
Volume: 12.653M Avg Volume: 23.256M
BUY POINT: $11.39 Volume=30M Target=$14.88 Stop=$10.22
POSITION: AMR AM - Jan. $11c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/amr.html
Good Investing!
Jon L. Johnson and the Stock Split Report 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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us stock market
stock recommendation
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