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stock trading site, stock trading information
Begin part 3 of 3
We again apologize for the late delivery. Technical issues delayed us all evening but hard word has put us good to go for the opening bell Thursday. Thank you again for your patience.
THE PLAYS:
Upside: Still some upside plays can make us some money.
Play Date: 07/16/2009
FLR (Fluor Corp.--$49.09; +1.74; optionable): Heavy construction
http://biz.yahoo.com/p/f/flr.html
After Hours: $49.09
EARNINGS: 05/11/2009
STATUS: Gapped higher Wednesday, but did not blow up any buy point. FLR rallied nicely from May to mid-June then sold back the past 5 weeks, forming an ABCD pattern roughly using the 50 day EMA (47.47) as support for the D point. This Wednesday gap is the start up off the D point as overall FLR is in very good shape having done no real damage to its pattern during the formation of this base. Very nice.
Volume: 2.704M Avg Volume: 3.496M
BUY POINT: $49.28 Volume=4M Target=$56.91 Stop=$45.83
POSITION: FLR JI - Oct. $45c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/flr.html
Play Date: 07/15/2009
FSLR (First Solar--$148.61; +7.07; optionable): Solar chips, devices
http://biz.yahoo.com/p/f/fslr.html
After Hours: $148.64
EARNINGS: 07/29/2009
STATUS: FSLR is one we have watched and tried to play since the gap higher in late April on earnings. Now it is almost 2.5 months later and FSLR has filled the gap and more down to support in the 150 range. The 200 day SMA (145) and some price support at 140 lined up to give FSLR some footing, and Wednesday it bounced on a nice shot of above average volume. There was good news to send FSLR higher on that gap, and it is heading again toward earnings. Looks as if there will be something of an earnings run for FSLR and we want to take part of that.
Volume: 3.579M Avg Volume: 3.368M
BUY POINT: $149.14 Volume=4M Target=$170.95 Stop=$139.78
POSITION: HJQ IJ - Sept. $150c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/fslr.html
Play Date: 07/16/2009
MBT (Mobile Telesys--$36.97; +1.94; optionable): Russian wireless telecom
http://biz.yahoo.com/p/m/mbt.html
After Hours: $36.25
EARNINGS: 05/26/2009
STATUS: After rallying to a new post March high to start June, MBT started a 5 week fad that gave back the move but put MBT right back into its prior trading range spanning April to May. Nice bounce off the low of that consolidation high last week, a level coincident with the 200 day SMA (32.34) as well. A pair of gaps higher the past two sessions, the second one on Wednesday clearing the June down trendline. Down a bit after hours and after two gaps we want to see a bit of a test from MBT to give us a better entry point. Very solid and a nice pattern to play.
Volume: 2.498M Avg Volume: 1.928M
BUY POINT: $35.88 Volume=2.2M Target=$42.95 Stop=$33.54
POSITION: MBT LG - Dec. $35c (59 delta, low OI) or MBT IG - Sept. $35c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/mbt.html
Play Date: 07/16/2009
V (Visa, Inc.--$62.65; +2.36; optionable): Credit services
http://biz.yahoo.com/p/v/v.html
After Hours: $62.30
EARNINGS: 07/29/2009
STATUS: Double bottom. Neat little 6 week pattern has formed after the run through early June off of the January low. V held out longer than other financials, but it ultimately gave back that last leg higher in late April as the selling in June intensified. That has, however, set up a nice base and puts V in position once more to break higher. Want to see a bit of a pullback on this one and after hours V was doing that; may give us a good buy point.
Volume: 9.127M Avg Volume: 9.309M
BUY POINT: $62.87 Volume=10M Target=$70.95 Stop=$58.97
POSITION: VEH LO - Dec. $62.50c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/v.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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