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stock recommendation, stock prices
Begin part 3 of 3
THE PLAYS
Good movers: COGO; HOC; IOC; MO; PAAS; PRFT; RIO; TESO; WFR
New Plays:
Upside:
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/cd/alj.html
Play Date: 04/04/2007
GLD (Gold ETF--$66.81; +0.98; no options)
http://biz.yahoo.com/p/g/gld.html
STATUS: Double bottom w/handle. Volume jumped to the highest in a month as GLD started the breakout move from a 6 week base formed using the 90 day MA (63.97) on the lows of the two legs. Gold is perking up again and it is likely to make a more serious move in the summer.
Volume: 7.127M Avg Volume: 5.695M
BUY POINT: $67.05 Volume=6M Target=$75.95 Stop=$65.38
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/gld.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/cd/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/cd/asca.html
Play Date: 04/04/2007
MAN (Manpower--$73.00; -2.07; optionable): Staffing, outsourcing
http://biz.yahoo.com/p/m/man.html
EARNINGS: 4-20-07
STATUS: Head and shoulders. Volume surged Wednesday as MAN broke lower from an attempt to move back up through the 50 day EMA (74.41). The ADP jobs number and fears about the Friday number pushed prices lower. Looking to move in as MAN continues the break lower on continued solid volume. A move to the target lands a 44%ish gain.
Volume: 1.374M Avg Volume: 708.005K
BUY POINT: $72.85 Volume=750K Target=$70.12 Stop=$73.75
POSITION: MAN QN - May $70p (-32 delta)
http://www.investmenthouse.com/cd/man.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: Gapped above the 90 day MA on strong volume, but could not hold the move into the close. All in all still a great recovery by CELG and after a test of the 90 day MA (54.95) holds it is ready to make a run toward the high at 60.
DRIV: Still working on that higher low above the 90 day MA. Good volume Tuesday as it bounced higher. If volume surges again we are looking at picking up positions as it moves higher from here.
NVDA: Trying another bottom, narrowing the range at the March low. We will see; has not been the picture of strength of late.
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 prices
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