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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: CYTC; EXC; FLIR; GIGM; SSYS; UCTT; WFR; WNR
New Plays:
Upside:
Play Date: 03/20/2007
COGO (Comtech Group--$17.07; +0.54; optionable): Modular design for Chinese manufacturers
http://biz.yahoo.com/p/c/cogo.html
EARNINGS: Announced 2-8-07
STATUS: Reverse head and shoulders. COGO has formed a 7 week bottoming pattern as part of a larger cup base that is forming the past three months. Solid move this week as it breaks out from the bottoming pattern. Looking to move in as it continues and then again after it tests (forms a handle) and makes the next break higher. Excellent fundamentals growth rates to pair with the technical pattern.
Volume: 913.853K Avg Volume: 525.307K
BUY POINT: $17.24 Volume=800K Target=$20.65 Stop=$16.03
POSITION: UWK IW - Sept. $17.50c (49 delta) &/or Stock
http://www.investmenthouse.com/ct/cogo.html
Play Date: 03/20/2007
TIE (Titanium Metals--$35.38; +0.75; optionable): Titanium and other industrial metals
http://biz.yahoo.com/p/t/tie.html
EARNINGS: Announced 2-13-07
STATUS: Cup w/handle. Working on a 4 week handle (a double bottom of sorts) using the 50 day EMA (33.34) as support as it sets up for the breakout from an 11 month base. Solid volume Tuesday as TIE gapped higher, making it to the prior March high and stalling. Looking for some continued volume as TIE makes the break over those recent highs. We will start the position there and then see how it rallies toward the February high.
Volume: 3.586M Avg Volume: 2.525M
BUY POINT: $36.27 Volume=3M Target=$42.95 Stop=$34.22
POSITION: TIE FG - June $35c (61 delta) &/or Stock
http://www.investmenthouse.com/ct/tie.html
Downside:
Play Date: 03/20/2007
CSE (Capitalsource--$24.10; +0.15; optionable): Credit services
http://biz.yahoo.com/p/c/cse.html
EARNINGS: Announced 2-27-07
STATUS: Put. CSE made us some money on its last run lower, and now it has rebounded to the 10 day EMA (24.30), once more ready to turn lower. It double topped in December and February, and that started this decline. It may try to test the 10 day EMA once more before it rolls over; if so we will catch it as it does turn back down. It has another good run or two lower before it needs to rebound higher. A move to the target lands us a 40%ish gain.
Volume: 922.7K Avg Volume: 1.234M
BUY POINT: $24.04 Volume=1.2M Target=$22.35 Stop=$24.44
POSITION: CSE SE - July $25p (-52 delta)
http://www.investmenthouse.com/ct/cse.html
Play Date: 03/20/2007
DIA (Diamonds Trust (DJ30)--$122.82; +0.54; optionable)
http://biz.yahoo.com/p/d/dia.html
STATUS: Put. A low volume climb off of last Wednesdays reversal has left DIA at the 18 day EMA and close to turning back down for another run lower that will likely at least test 120. That is our first target; a move to that level lands a 41%ish gain. If it continues lower we will let the play run with it.
Volume: 7.564M Avg Volume: 9.049M
BUY POINT: $122.20 Volume=9.5M Target=$120.00 Stop=$122.85
POSITION: DAW QT - May $124p (-50 delta)
http://www.investmenthouse.com/ct/dia.html
Good Investing!
Jon L. Johnson and your Technical Traders Report 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 investment information
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