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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: CENT; CRZO; COH; ISLE; JCOM; STR; VPI; XTO
Wednesday night play results:
COH: Big gap higher on solid sales.
DPTR: Tried to make the move but volume backed off.
KOMG: Took a day off, setting up for the next move.
XTO: Gapped higher on some decent volume.
New Plays:
Upside:
Play Date: 03/03/2005
APPB (Applebees Intl.--$28.44; -0.33; optionable): Fern bar restaurants
http://biz.yahoo.com/p/a/appb.html
After Hours: $28.49
STATUS: Breakout test. APPB blasted out of a 10 month double bottom with handle base in late January on some excellent earnings news. It made a test of the move in late February and shot higher again on another good volume surge. It has eased back the past two sessions to test the 10 day EMA (28.33), holding right over the top of the high on the initial breakout run. Strong money flow is leading higher, and after this test we expect APPB to continue the breakout move. Solid and at an all-time high.
Volume: 423.828K Avg Volume: 714.727K
BUY POINT: $28.75 Volume=900K Target=$33 Stop=$27.94
POSITION: AQB HE - Aug. $25c (97 delta) &/or Stock
http://www.investmenthouse.com/ci/appb.html
Play Date: 03/03/2005
LCAV (LCA-Vision--$29.72; +1.65; optionable): Medical practitioners
http://biz.yahoo.com/p/l/lcav.html
After Hours: $29.70
STATUS: Breakout test. Excellent breakout in late February from a flat base netted us a nice gain. It has come back to test that move, holding above the 18 day EMA (27.95) Thursday on the low and then rallying for a nice gain on rising, above average volume. Strong money flow and relative strength broke out on the first move and looks ready to do it again. Ready to move in on another nice decent volume move higher.
Volume: 479.522K Avg Volume: 333.818K
BUY POINT: $29.88 Volume=501K Target=$34.75 Stop=$28.55
POSITION: JVQ FF - June $30c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/lcav.html
Play Date: 03/03/2005
OIS (Oil States Int.--$22.08; +0.77; no options): Oil and gas equipment and services
http://biz.yahoo.com/p/o/ois.html
STATUS: Breakout. Nice volume as OIS jumped higher after the breakout test the past week. Nice six week double bottom with handle, good lateral test, and now rallying again to continue the breakout move. Positive 3 to 2 accumulation in the base (3 up price weeks on rising volume to 2 down price weeks on rising volume) shows net buyers. Strong money flow is leading higher and relative strength has broken out once more, confirming the stock's strength.
Volume: 497.8K Avg Volume: 294.272K
BUY POINT: $22.27 Volume=400K Target=$26 Stop=$30.98
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/ois.html
Downside:
Play Date: 03/03/2005
HE (Hawaiian Electric--$26.55; -0.15; optionable): Electric utilities
http://biz.yahoo.com/p/h/he.html
STATUS: Put. HE triple topped November, December and January then crashed through the 50 day EMA (27.88). It had continued to sell and broke through the 200 day SMA (26.88) two weeks back. A lower volume rebound up to the 200 day and then a rollover right at the 200 day SMA as the 10 day EMA (26.86) joined with it and turned HE back down on strong, rising volume. Money flow is tanking and the stock remains under distribution. Looking for a nice 45%ish gain on a move to the target.
Volume: 408.2K Avg Volume: 236K
BUY POINT: $26.42 Volume=250K Target=$25 Stop=$26.92
POSITION: HE PE - Apr. $25p (-35 delta)
http://www.investmenthouse.com/ci/he.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 option
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