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Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 07/06/2009
AGN (Allergan--$47.59; +0.82; optionable): Drugs
http://biz.yahoo.com/p/a/agn.html
After Hours: $47.59
EARNINGS: 07/31/2009
STATUS: Cup w/handle/handle. Defense. Defense. The old football chant is playing into the drug stocks. AGN surged higher in late March as it moved out of a 5 month base. It moved laterally, could not extend the break, and starting early May slipped into the current 8 week pattern. Faded Wednesday and Thursday, started lower Monday and then bounced, forming the handle. Neat pattern and looking for a continued move on some trade to give us a good buy on this stock.
Volume: 1.902M Avg Volume: 2.273M
BUY POINT: $47.88 Volume=3M Target=$57.45 Stop=$45.32
POSITION: AGN JI - Oct. $45c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/agn.html
Play Date: 07/06/2009
EAT (Brinker Intl.--$17.12; +0.04; optionable): Chili's, On the Border, etc.
http://biz.yahoo.com/p/e/eat.html
After Hours: $17.12
EARNINGS: 08/06/2009
STATUS: Ascending triangle. Despite weak economics and jobs the restaurant stocks are working. EAT surged Wednesday on strong volume, tested on light trade Thursday, and then hold at the 50 day EMA (16.68) Monday as volume rebounded to average. Higher low at a key level. As EAT moves back up we are looking to move in.
Volume: 2.656M Avg Volume: 2.976M
BUY POINT: $17.48 Volume=3.5M Target=$21.44 Stop=$16.26
POSITION: EAT JC - Oct. $15c (73 delta) &/or Stock
http://www.investmenthouse.com/ci/eat.html
Play Date: 07/06/2009
FCS (Fairchild Semiconductor--$7.00; -0.12; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/f/fcs.html
After Hours: $7.00
EARNINGS: 04/16/2009
STATUS: Pennant. Surged in early June and has since tested, fading back to support at 7 and just over the 50 day EMA (6.68). Good test of the rally off the March low. Just needs to hold and show us a break higher to get us to move in.
Volume: 2.323M Avg Volume: 2.47M
BUY POINT: $7.28 Volume=3.4M Target=$9.91 Stop=$6.65
POSITION: FCS KU - Nov. $7.50c (45 delta) &/or Stock
http://www.investmenthouse.com/ci/fcs.html
Play Date: 07/06/2009
LPHI (Life Partners, Inc.--$14.47; -0.28; optionable): Financial services
http://biz.yahoo.com/p/l/lphi.html
After Hours: $14.79
EARNINGS: 06/16/2009
STATUS: Rolling. After selling off in April, LPHI has moved up and down in a trading range from 14 to 20. It is coming off the last test of the bottom, working laterally the past week. Thursday showed a good volume jump as LPHI moved higher, Monday it backed off on low volume, but came up off the session low to close. Nicely positioned to continue the roll back to the upside.
Volume: 168.45K Avg Volume: 206.964K
BUY POINT: $15.02 Volume=300K Target=$19.77 Stop=$13.55
POSITION: ICU JQ - Oct. 14.75c (57 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/lphi.html
Play Date: 07/06/2009
PII (Polaris--$31.92; +0.73; optionable): ATV's, PWC's
http://biz.yahoo.com/p/p/pii.html
After Hours: $31.92
EARNINGS: 07/16/2009
STATUS: Ascending base. PII is making a higher low in its 8 week base, testing back on low volume after a strong volume move higher the last week of June. Very nice setup for a break higher. Doesn't seem logical that these rather discretionary purchase items would be moving higher, but if it breaks back to the upside PII is showing it is ready to move up again. Monday it was bouncing on some rising trade. Getting ready.
Volume: 379.224K Avg Volume: 514.341K
BUY POINT: $32.11 Volume=750K Target=$37.95 Stop=$29.86
POSITION: PII IF - Sept. $30c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/pii.html
Downside:
Play Date: 07/06/2009
IOC (Interoil Corp.--$28.10; -1.57; optionable): Oil and gas refining, marketing
http://biz.yahoo.com/p/i/ioc.html
EARNINGS: 05/13/2009
STATUS: IOC formed a rounded top of sorts through early June, tried to hold, then collapsed. Last week it rebounded off some support at 25. Made it back up to the 50 day EMA (31.17) Wednesday on the high, showing gravestone doji. Turned and sold Monday. Looking for IOC to continue lower off of this turn back down. A move to the target lands a 49%ish gain.
Volume: 453.619K Avg Volume: 571.127K
BUY POINT: $27.94 Volume=625K Target=$24.02 Stop=$30.11
POSITION: IOC TF - Aug. $30p (-53 delta)
http://www.investmenthouse.com/ci/ioc.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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