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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: AKAM; CRM; HLTH; HMSY; ICE
Monday night play results:
ININ: Holding steady above the 50 day EMA
WEBX: Rallied on strong volume though gave a chunk of the move back
RNOW: Turned lower and then rebounded for a gain.
SBUX: Gapped higher on an upgrade but rolled over again.
New Plays:
Upside:
Play Date: 01/30/2007
DO (Diamond Offshore--$83.17; +2.48; optionable): Offshore drilling
http://biz.yahoo.com/p/d/do.html
EARNINGS: 2-8-07
STATUS: Cup w/handle. Solid volume as DO broke higher from a short 8 week pattern that is acting as a handle to a larger 9 month cup with handle base. Excellent action on strong volume as oil surges higher.
Volume: 4.204M Avg Volume: 3.39M
BUY POINT: $83.42 Volume=5.7M Target=$95.95 Stop=$81.45
POSITION: DO FQ - June $85c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/do.html
Play Date: 01/30/2007
OII (Oceaneering Intl.--$39.65; +1.15; optionable): Offshore drilling
http://biz.yahoo.com/p/o/oii.html
EARNINGS: 2-21-07
STATUS: Test 50 day EMA. Another driller that looks solid as it comes up through the 50 day EMA (39.46). Volume was not there yet, and want to see it ramp up as OII moves through the buy point and the early January highs.
Volume: 488.4K Avg Volume: 840.494K
BUY POINT: $40.05 Volume=1M Target=$46.25 Stop=$38.22
POSITION: OII GH - July $40c (56 delta) &/or Stock
http://www.investmenthouse.com/cd/oii.html
Play Date: 01/30/2007
RIO (Companhia Vale Do Rio Doce--$32.61; +0.16; optionable): Steel & iron
http://biz.yahoo.com/p/r/rio.html
EARNINGS: 3-7-07
STATUS: Breakout test. RIO broke out from a 7 month double bottom with handle in early December. It came back for a hard test of the 50 day EMA to start the year but held up and surged higher on strong volume two weeks back. It spent last week testing, coming back and tapping at the 10 day EMA on the Tuesday low before rebounding on stronger, above average volume. That may be all the test we see. Want to be ready to move in here as it rebounds.
Volume: 8.194M Avg Volume: 7.139M
BUY POINT: $32.89 Volume=9M Target=$39.45 Stop=$31.65
POSITION: RIO FF - June $30c (71 delta) &/or Stock
http://www.investmenthouse.com/cd/rio.html
Downside:
Play Date: 01/30/2007
GME (Gamestop--$52.74; -0.34; optionable): Electronic game stores
http://biz.yahoo.com/p/g/gme.html
STATUS: Double top. GME formed some twin peaks in December and January, the latter on very low, below average volume. That is often a telltale sign of an impending sell off and downtrend. It tried to hold the 50 day EMA (54.60) last week but buckled and fell through. It is trying now to hold the 90 day SMA (52.81), but the Monday bounce attempt was on low volume and Tuesday it slipped back through that level. Looking to move in as it continues lower. A move to the target lands a 42%ish gain, but GME could move a lot lower than that.
Volume: 1.185M Avg Volume: 1.293M
BUY POINT: $52.48 Volume=1.4M Target=$50.15 Stop=$53.65
POSITION: GME OK - Mar. $55p (-68 delta)
http://www.investmenthouse.com/cd/gme.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AAPL, AKAM, CELG, DRIV, GME, GOOG, ISE, MA, MRVL, NVDA, WEBX
CELG: Trying to put together a bounce off the 90 day MA.
GME: See play above. Not positive.
GGOG: Earnings coming up Wednesday after the close. Poised to move nicely.
MA: Continues climbing higher up the 10 day EMA
Good Investing!
Jon L. Johnson and The Daily Staff
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 of 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 investment information
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