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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: CROX; ISE
New Plays:
Upside:
Play Date: 04/11/2007
BTU (Peabody Energy--$45.17; -0.44; optionable): Worldwide coal exploration, mining and production
http://biz.yahoo.com/p/b/btu.html
EARNINGS: 4-19-07
STATUS: Double bottom w/handle. BTU has formed this 17 week pattern at the bottom of a 12 month cup pattern. Strong break higher last week an on into Monday, clearing the 200 day SMA (43.00) on strong volume as it moved over the late February 'hump' in the pattern. The past two days volume has dropped below average as BTU tests modestly, refusing to give up much ground. May take another session or two to complete forming up, but looks ready to go once it does.
Volume: 4.555M Avg Volume: 5.16M
BUY POINT: $46.32 Volume=7M Target=$53.32 Stop=$44.78
POSITION: BTU II - Sept. $45c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/btu.html
Play Date: 04/11/2007
SMSI (Smith Micro Software--$19.18; -0.51; optionable): Application software
http://biz.yahoo.com/p/s/smsi.html
EARNINGS: Announced 2-28-07
STATUS: Flying plateau. Blasted higher in late March, moving out of a 19 week base on huge trade. It reached 20 on the move, close to an all-time closing high. Working laterally the past two weeks, waiting for the 10 day EMA (18.88) to catch up with it. It is just about there and when they meet we are looking for the move higher to resume. That is when we move in.
Volume: 839.669K Avg Volume: 1.039M
BUY POINT: $19.88 Volume=1.2M Target=$23.95 Stop=$18.74
POSITION: QPM GW - July $17.50c (69 delta) &/or Stock
http://www.investmenthouse.com/cd/smsi.html
Downside:
Play Date: 04/11/2007
CBRL (CBRL Group--$45.21; -0.73; optionable): Family restaurants
http://biz.yahoo.com/p/c/cbrl.html
EARNINGS: 5-22-07
STATUS: Put. Strong volume Wednesday as CBRL broke below the 90 day MA (46.22) that acted as support the past week, trying to prop up CBRL after its gap lower the last week of March. Money flow is at the bottom of the barrel (the cracker barrel) and price is stating to follow it down. A move to the target lands a 44%ish gain.
Volume: 1.499M Avg Volume: 768.492K
BUY POINT: $45.04 Volume=770K Target=$43.50 Stop=$45.65
POSITION: CBQ QI - May $45p (-44 delta)
http://www.investmenthouse.com/cd/cbrl.html
Play Date: 04/11/2007
RECN (RSCS Connection--$30.96; -0.37; optionable): Finance, accounting, risk management, etc. services
http://biz.yahoo.com/p/r/recn.html
EARNINGS: Announced 3-28-07
STATUS: Double top. Volume was up Wednesday as RECN started lower from the 90 day MA (31.47), failing a test of that level Tuesday after breaking below that support Monday. Weak money flow is heading lower, leading RECN lower from its double top in February and March. RECN gapped higher in late December and RECN looks ready to fill that gap. A move to the target lands a 55%ish gain.
Volume: 676.383K Avg Volume: 384.887K
BUY POINT: $30.84 Volume=650K Target=$29.60 Stop=$31.21
POSITION: JJJ QF - May $30p (-37 delta)
http://www.investmenthouse.com/cd/recn.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
Getting some good choices in as replacements for WEBX (getting bought out) and MRVL (dead for some time).
AKAM: Good volume as it tried the 90 day MA, clearing it intraday but fading on the close. Important point for AKAM to clear on this kind of strong trade.
ISE: Making the break on strong volume. Still a buy on this move.
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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