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stock recommendation, stock market recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 03/26/2009
RIG (Transocean--$63.98; -0.57; optionable): Offshore drilling
http://biz.yahoo.com/p/r/rig.html
After Hours: $64.01
EARNINGS: 05/06/2009
STATUS: Flying plateau. Moving laterally in a tight range Tuesday to Thursday after breaking higher Monday. RIG cleared the February highs on this move, a new post-low high. It has not surged with the market, so we are looking for it to bloom a bit later. That is just fine as certain market sectors move at different times. Indeed as the rest of the market gets ready to test we may see RIG then step up and make its move higher as money looks for new places to go.
Volume: 11.567M Avg Volume: 8.715M
BUY POINT: $65.36 Volume=12M Target=$74.95 Stop=$62.77
POSITION: RKJ EM - May $65c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/rig.html
Play Date: 03/26/2009
SMTC (Semtech--$13.21; +0.93; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/s/smtc.html
After Hours: $13.21
EARNINGS: 03/04/2009
STATUS: Test trendline. Looking right back at SMTC after taking it off following the Wednesday drop to near the bottom of its uptrending channel, hitting and holding the 50 day EMA (12.25) and then bouncing Thursday. Looking to play the run off the bottom of the channel on up to the topside which should be closing in on 16 by the time SMTC gets there.
Volume: 1.007M Avg Volume: 812.876K
BUY POINT: $13.66 Volume=1M Target=$15.95 Stop=$12.66
POSITION: QTU FP - June $12.50c (64 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/smtc.html
New Buy Point on Current Position:
Play Date: 03/26/2009
BRCM (Broadcom--$20.89; +1.09; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/b/brcm.html
After Hours: $20.89
EARNINGS: 04/21/2009
STATUS: Test 200 day SMA. After a rougher session Wednesday similar to SMTC, BRCM bounced right back up over the 200 day SMA (19.90), showing some more solid volume as it recovered. Really like its character with that move and on a continued move higher we are adding positions to capture a few days to the upside.
Volume: 21.817M Avg Volume: 15.194M
BUY POINT: $21.08 Volume=20M Target=$24.00 Stop=$19.77
POSITION: RCQ ED - May $20c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/brcm.html
Downside: Just being ready in the event the market rolls over.
Play Date: 03/26/2009
RATE (Bankrate--$25.00; +1.19; optionable): Internet bank and mortgage information
http://biz.yahoo.com/p/r/rate.html
After Hours: $26.00
EARNINGS: 02/05/2009
STATUS: Put. Okay RATE has put together a nice run, but that has taken it to resistance from the July 2008 lows and on across into February. It is also bumping the 50 day EMA (24.94), a double layer of ice it has to break through. After this run we are looking for a test and a move back toward support at 20. A move to that level lands a 45%ish gain.
Volume: 305.196K Avg Volume: 516.684K
BUY POINT: $24.54 Volume=600K Target=$20.32 Stop=$25.48
POSITION: QIB QE - May $26p (-42 delta)
http://www.investmenthouse.com/ci/rate.html
Play Date: 03/26/2009
STT (State Street--$30.12; +0.29; optionable): Regional bank
http://biz.yahoo.com/p/s/stt.html
After Hours: $30.65
EARNINGS: 01/20/2009
STATUS: Put. Another financial that has rebounded to resistance and has stalled the past three sessions. Resistance is from the September low, November low, and February high. If the market reverses course and STT breaks lower on strong volume we will look to enter the play. A move to the target lands a 42%ish gain.
Volume: 11.318M Avg Volume: 13.023M
BUY POINT: $29.48 Volume=16M Target=$24.32 Stop=$30.87
POSITION: STT QX - May $30p (-40 delta)
http://www.investmenthouse.com/ci/stt.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.
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stock recommendation
stock market recommendation
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