|
|
trade stock, top stock pick
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 07/14/2009
GOLD (Randgold Resources--$61.22; +1.14; optionable): Gold mining
http://biz.yahoo.com/p/g/gold.html
After Hours: $61.20
EARNINGS: 07/28/2009
STATUS: GOLD has set up an ABCD pattern that is using the 50% Fibonacci level as its D point. Nice little double touch at the 50% level and then gapped higher Tuesday showing a hanging man doji on the candlestick chart. That gap took GOLD to the 50 day EMA (61.84) and thus it might show us quick test back before continuing. That test would be our entry point.
Volume: 1.103M Avg Volume: 1.417M
BUY POINT: $60.33 Volume=1.7M Target=$69.88 Stop=$56.66
POSITION: GUD IL - Sept. $60c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/gold.html
Play Date: 07/14/2009
PCU (Southern Copper--$20.39; +0.59; optionable): Copper
http://biz.yahoo.com/p/p/pcu.html
After Hours: $20.75
EARNINGS: Late July
STATUS: Commodities have been roughed up and we are looking for those that have come back to prior support/lows and are holding. PCU is one of those. It came back the past week and held over 18, testing lower several sessions and rebounding. Gapped higher Tuesday, clearing the 50 day EMA (20.26) on the close. Would like to see it test back toward 20 to give us a buy though it was up after hours. Still not a terrible entry point from here, however, if just for a few positions to start the play.
Volume: 4.414M Avg Volume: 4.662M
BUY POINT: $20.11 Volume=5M Target=$24.88 Stop=$18.57
POSITION: PCU ID - Sept. $20c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/pcu.html
Play Date: 07/14/2009
SHLD (Sears Holding Corp.--$59.69; +2.10; optionable): Department stores
http://biz.yahoo.com/p/s/shld.html
After Hours: $59.69
EARNINGS: 05/21/2009
STATUS: Yes Sears, but the pattern is the pattern. SHLD has formed an ABCD the past 8 weeks and it moved higher Tuesday off a hammer doji on Monday. Not a lot of trade on the Tuesday move higher, but with these patterns then tend to start moving and then the volume comes in later. Looking to pick up some positions as SHLD continues higher and then on a pause or short test we will add some. Like how it can make us some solid money without having to plow new ground to a new high.
Volume: 783.546K Avg Volume: 1.362M
BUY POINT: $59.89 Volume=1.5M Target=$69.95 Stop=$55.25
POSITION: KTQ IL - Sept. $60c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/shld.html
Downside:
Play Date: 07/14/2009
PBR (Petroleo Brasileiro--$36.90; -0.09; optionable): Brazilian oil and gas
http://biz.yahoo.com/p/p/pbr.html
After Hours: $37.41
EARNINGS: 08/07/2009
STATUS: Bear flag. PBR double topped in early June and fell, rebounded to end the month and fell again. It is now testing back upside again, gapping up to the 10 day EMA (37.46) on Tuesday and then closing lower. Nice little bear flag, the second one on this selling. After hours it was up, but just back up to where it traded early Tuesday and still in the flag. Looking for a turn back down after the gap open to give us the buy. A move to the target lands a 60%ish gain.
Volume: 14.213M Avg Volume: 18.705M
BUY POINT: $36.76 Volume=20M Target=$33.55 Stop=$37.89
POSITION: PBR TP - Aug. $38p (-60 delta)
http://www.investmenthouse.com/ci/pbr.html
Play Date: 07/14/2009
SCHN (Schnitzer Steel--$50.66; +1.16; optionable): Steel and iron
http://biz.yahoo.com/p/s/schn.html
After Hours: $49.55
EARNINGS: 06/30/2009
STATUS: Bear flag. Some steel looks strong, some not so. We are playing the spread so to speak. SCHN tanked on its earnings, gapping lower to end June after a short double top that month. It tumbled down to some support at 45 last week and has rebounded back up toward the 50 day EMA (51.70). Will see if it tests that level or not. Either way we are looking for a rollover to take it back down for another test of 45ish. A move to our initial target lands a 48%ish gain.
Volume: 1.115M Avg Volume: 841.216K
BUY POINT: $49.96 Volume=1.2M Target=$45.78 Stop=$51.41
POSITION: SQQ TJ - Aug. $50p (-43 delta)
http://www.investmenthouse.com/ci/schn.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.
|
trade stock
top stock pick
|
