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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: COGO; IOC; ISRG; PAAS; PRFT; RIMM; RIO; VDSI; VLO; WFR
New Plays:
Upside:
Play Date: 04/04/2007
AGU (Agrium--$38.88; +0.66; optionable): Agricultural chemicals
http://biz.yahoo.com/p/a/agu.html
EARNINGS: Announced 2-1-07
STATUS: Ascending base. Nice 6 week pattern has formed making higher lows up the 50 day EMA (37), setting up AGU's next break higher. Broke out in October and rallied hard to 42 in late February, the peak on that run. It needed a consolidation and this base is doing an excellent job. Another part in the agriculture surge the feds have orchestrated with the ethanol requirements.
Volume: 1.224M Avg Volume: 1.241M
BUY POINT: $39.65 Volume=1.9M Target=$46.95 Stop=$38.08
POSITION: AGU GH - July $40c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/agu.html
Play Date: 04/04/2007
ALJ (Alon USA Energy--$37.15; +1.81; optionable): Oil and gas refining
http://biz.yahoo.com/p/a/alj.html
EARNINGS: Announced 3-7-07
STATUS: Double bottom with handle. The government is mandating ethanol production and use, but it is not going to solve the problem overnight. It is not going to solve the problem at all. That is one of the reasons the refiners are performing so well. ALJ surged in March to complete the right side of its 8 month base, then moved laterally for two weeks while the 10 day EMA (35.48) caught up with it. It did and on Wednesday ALJ surged on strong volume toward the breakout. Ready to move in as ALJ continues the breakout move.
Volume: 752.6K Avg Volume: 339.367K
BUY POINT: $37.62 Volume=510K Target=$44.95 Stop=$35.32
POSITION: ALJ IG - Sept. $35c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/alj.html
Play Date: 04/04/2007
NIHD (NII Hldgs--$77.80; -0.52; optionable): Telecom wireless communications
http://biz.yahoo.com/p/n/nihd.html
EARNINGS: Announced 2-27-07
STATUS: Test breakout. NIHD jumped out of its 8 week base to start the month, rising on strong volume. This small base consolidated the January breakout from a larger 9 month pattern. Strong volume on the breakout, pausing Wednesday on lower, below average volume. May come back to test further, back toward the 10 day EMA (75.60) before taking off again. Quite strong, however, so want to be ready to move in if it continues higher from here.
Volume: 1.24M Avg Volume: 1.815M
BUY POINT: $78.48 Volume=2M Target=$89.95 Stop=$75.45
POSITION: QHQ IP - Sept. $80c (53 delta, 83 OI) or QHQ FO - June $75c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/nihd.html
Play Date: 04/04/2007
SPWR (SunPower Corp.--$49.08; +1.95; optionable): Solar electric power products
http://biz.yahoo.com/p/s/spwr.html
EARNINGS: 4-26-07
STATUS: Double bottom w/handle breakout. Surging out of its 7 week base that used the 90 day MA (41.60) as support for the legs. Huge volume as it made the break, buoyed by a new power plant contract and court rulings favoring greenhouse gases as pollutants. Strong move and ready to take some positions as it continues higher and then again as it tests the move.
Volume: 2.315M Avg Volume: 991.419K
BUY POINT: $49.24 Volume=1M Target=$56.65 Stop=$47.22
POSITION: QSU IJ - Sept. $50c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/spwr.html
Downside:
Play Date: 04/04/2007
ASCA (Ameristar Casinos--$30.60; -1.87; optionable): Resorts and casinos
http://biz.yahoo.com/p/a/asca.html
EARNINGS: Announced 2-1-07
STATUS: Put. Made a lower volume second peak in late March, and when that happens you have to be careful for rollovers. ASCA sold back to the 50 day EMA, gapped below it, tried to recover . . . and then failed hard Wednesday on surging volume. It was already weak and when it announced it was acquiring Resorts East Chicago that broke the back. There is a gap higher in November, a gap up from 26. It may try to fill that. Our initial target is much more conservative, but a move to that level lands a 42%ish gain.
Volume: 1.781M Avg Volume: 317.425K
BUY POINT: $30.38 Volume=325K Target=$28.65 Stop=$30.88
POSITION: UWT QF - May $30p (-40 delta)
http://www.investmenthouse.com/ci/asca.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 investment information
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