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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 11/10/2008
MITI (Micromet, Inc.--$4.53; -0.22; optionable): Biotechnology
http://biz.yahoo.com/p/m/miti.html
EARNINGS: Announced 11-6-08
STATUS: Cup. Working on a 10 week cup base, working laterally the past 6 weeks on low volume at the 50 day EMA (4.55). Volume surged back above average Friday after MITI announced its earnings after the Thursday close. The earnings broke it over the 50 day, and Monday MITI slid back to close at that level on lower, below average volume. Still in excellent position to make a new break higher. Doesn't have to make a new high to make us some nice money, and it can easily rally past our initial target level.
Volume: 147.573K Avg Volume: 292.821K
BUY POINT: $4.94 Volume=350K Target=$5.95 Stop=$4.59
POSITION: LQT BA - Feb. $5c (48 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/miti.html
Play Date: 11/10/2008
MOS (Mosaic Company--$36.56; +0.07; optionable): Agricultural chemicals
http://biz.yahoo.com/p/m/mos.html
EARNINGS: 1-6-08
STATUS: Reverse head and shoulders. Low volume this month as MOS works to form the right shoulder of a 5 week base. Holding at the 10 day EMA (36.33) on the close; not bad at all as it sets itself in position to move if the market holds and finishes off its base. Plenty of room to run upside as that big gap from early October is begging to be filled.
Volume: 10.794M Avg Volume: 13.249M
BUY POINT: $38.12 Volume=18M Target=$49.95 Stop=$36.58
POSITION: MOS AG - Jan. $35c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/mos.html
Play Date: 11/10/2008
WFT (Weatherford International--$14.91; -0.19; optionable): Oil and gas service company
http://biz.yahoo.com/p/w/wft.html
EARNINGS: Announced 10-20-08
STATUS: Reverse head and shoulders. Looking at WFT again as the selling dried up a bit and it bounced Friday. Tried to move higher Monday with an upside gap, but it faded to flat. Once more volume was very low. WFT is in position to make the move and in this market we just have to be patient and then see if it shows us the upside break that we can buy into.
Volume: 8.437M Avg Volume: 14.352M
BUY POINT: $16.36 Volume=20M Target=$21.95 Stop=$14.98
POSITION: WFT AC - Jan. $15f (54 delta) &/or Stock
http://www.investmenthouse.com/ci/wft.html
Downside: Ready to take advantage of some downside if it shows up as the market tests back further.
Play Date: 11/10/2008
BBY (Best Buy--$25.21; -0.38; optionable): Consumer electronics stores
http://biz.yahoo.com/p/b/bby.html
EARNINGS: 12-16-08
STATUS: Put. BBY is trying to set up a base of its own, but it didn't react very well to CC declaring bankruptcy. It will supposedly have the market to itself, but that hasn't helped BBBY either when Linens-n-Things went under. BBY is trying to hold some support at 25. If it gives way we are looking for a downside play. The October low is 20 and our initial target is not that ambitious though it gives us a 40%ish gain. Again, looking for the break to a new October low as our cue to move in.
Volume: 7.711M Avg Volume: 9.369M
BUY POINT: $24.76 Volume=10M Target=$22.11 Stop=$26.22
POSITION: BBY XE - Dec. $25p (-44 delta)
http://www.investmenthouse.com/ci/bby.html
Play Date: 11/10/2008
IDXX (Idexx Labs--$34.76; -1.24; optionable): Diagnostic substances
http://biz.yahoo.com/p/i/idxx.html
EARNINGS: Announced 10-24-08
STATUS: Put. IDXX collapsed in October, cutting its gain in half. It rebounded the last week of October, making it to the 18 day EMA (37.57) to start November. It faded and fell back below near resistance at the 10 day EMA (35.88). Money flow is turning lower ahead of price. Looks ready to make break lower. Some more volume and a fall through the buy point is a buy of the puts. A move to the target lands us a 60%ish gain.
Volume: 421.29K Avg Volume: 645.912K
BUY POINT: $34.31 Volume=855K Target=$29.25 Stop=$36.08
POSITION: UID MG - Jan. $35p (-44 delta)
http://www.investmenthouse.com/ci/idxx.html
Play Date: 11/10/2008
KSS (Kohls--$33.08; -1.13; optionable): Department stores
http://biz.yahoo.com/p/k/kss.html
EARNINGS: 11-13-08
STATUS: Put. Earnings are coming and while KSS has set up a short double bottom w/handle it has a high potential for falling once more. It is working along the 10 day EMA (33.10) but money flow has turned down ahead of price. That gets us looking for KSS to follow it lower, and there is plenty of room to drop before the October low down at 25.18. A move to our initial target lands a 41%ish gain.
Volume: 6.513M Avg Volume: 8.462M
BUY POINT: $32.41 Volume=10M Target=$28.39 Stop=$33.91
POSITION: KSS XG - Dec. $25p (-48 delta)
http://www.investmenthouse.com/ci/kss.html
Good Investing!
Jon L. Johnson and your IH Alerts Team
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 in 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. Good Investing!
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us stock market
stock recommendation
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