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Begin part 3 of 3
THE PLAYS
Good movers: AH; CROX; GIGM; GS; HWCC; POT; RIMM; SIMO; TIE; VSAT
Weekend play results:
EXC: Gapped higher but needs more volume
HOLX: Nice break higher
NTGR: Rallied for a third session
TIE: Strong break higher
LRCX: Gapped lower
SBUX: Sold off but recovered some lost ground
GIGM: Excellent breakout on strong volume
New Plays:
Upside:
Play Date: 02/20/2007
ACLI (American Commercial Lines--$76.60; +2.35; optionable): Shipping. Splits 2:1 on 2-21-07
http://biz.yahoo.com/p/a/acli.html
STATUS: Breaking higher into the split, moving out of a 10 week cup with handle base on strong volume Tuesday. Expecting ACLI to run right on through the split and give us a buy point as it does.
Volume: 506.426K Avg Volume: 354.7K
BUY POINT: $38.48 Volume=532K Target=$43.98 Stop=$73.4436.72
POSITION: QAK FG - June $35c (61 delta) or QAK FH - June $40c (48 delta)
http://www.investmenthouse.com/ci/acli.html
Play Date: 02/20/2007
CSX (CSX Corp.--$40.42; -0.25; optionable): Railroads
http://biz.yahoo.com/p/c/csx.html
STATUS: Breakout test. Exploded out of a 15 week last Tuesday on strong volume. It rallied for three sessions and is coming back to test, showing a pair of dojis above 40. May come back to test some more, but it is now showing much interest in coming back to the 10 day EMA (39.34). If it does we will let it and pick it up as it turns back up. If it starts back up from here, something it looks as if it will do, we will move in.
Volume: 8.205M Avg Volume: 5.333M
BUY POINT: From the Tuesday close: $40.89 Volume=8M Target=$46.95 Stop=$39.22
POSITION: CSX HH - Aug. $40c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/csx.html
Play Date: 02/20/2007
FDX (Federal Express--$118.29; +1.24; optionable): Air delivery, etc. If it has to be there, blah, blah, blah.
http://biz.yahoo.com/p/f/fdx.html
EARNINGS: 3-21-07
STATUS: Reverse head and shoulders. FDX is in a big 11 month base, spending the last 3 months forming something of a cup with handle as the right shoulder. It gapped higher last Wednesday on strong volume, tested for two days, and then was starting back up on Tuesday. Volume was rising, but still below average volume. Looking for a continued move on a bit more trade to give us the buy as it moves out of this strong pattern.
Volume: 1.587M Avg Volume: 1.774M
BUY POINT: $119.38 Volume=2.5M Target=$134.95 Stop=$116.21
POSITION: FDX GD - July $120c (52 delta)
http://www.investmenthouse.com/ci/fdx.html
Continuing plays ready to move:
Play Date: 02/10/2007
RATE (Bankrate--$43.17; -0.48; optionable): Online banking services
http://biz.yahoo.com/p/r/rate.html
Earnings: Reported 2-6-07
STATUS: Breakout test. Still working laterally over the 10 day EMA (42.75) after that gap higher on earnings two weeks back. After a week of microscopic volume RATE showed volume running near average Tuesday. A jump in volume typically precedes a break higher. Ready for it to make the move.
Volume: 296.945K Avg Volume: 333.813K
BUY POINT: $44.95 Volume=500K Target=$53.95 Stop=$41.78
POSITION: QIB EI - May $45c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/rate.html
Play Date: 02/15/2007
RVSN (Radvision--$22.54; +0.30; optionable): Telecom processing systems
http://biz.yahoo.com/p/r/rvsn.html
EARNINGS: Announced 2-8-07
STATUS: Breakout test. Another stock that rallied ahead of the overall market and spent the last week testing as the rest of the market rallied catch up. Now RVSN is ready, moving higher Tuesday after holding above the 10 day EMA (21.90) on the lows. Nice breakout from an 11 week cup base that was part of a larger 12 month cup with handle. Looking for a bit more volume to come in as it continues higher, but it looks nice.
Volume: 142.903K Avg Volume: 144.452K
BUY POINT: $22.45 Volume=220K Target=$26.95 Stop=$21.38
POSITION: RJU FX - June $22.50c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/rvsn.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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