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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/14/2007
CY (Cypress Semiconductor--$26.09; -0.45; optionable): Semiconductors
http://biz.yahoo.com/p/c/cy.html
EARNINGS: 7-19-07
STATUS: Breakout test. CY was on our list when it shot higher last week. This was a continuation of the late July breakout from a 3.5 year cup with handle base. It made its second run the past week after consolidating in a nice 4 week lateral base that waited for the 50 day EMA to catch up. After that last surge it has faded in this selling, but is coming back on very low volume to the late July highs. Very nice action and a very nice set up for the next break higher.
Volume: 2.376M Avg Volume: 4.521M
BUY POINT: $26.68 Volume=6.8M Target=$31.95 Stop=$25.68
POSITION: CY LE - Dec. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/cy.html
Play Date: 08/14/2007
DNR (Denbury Resources--$41.58; +0.43; optionable): Oil and gas
http://biz.yahoo.com/p/d/dnr.html
EARNINGS: 11-1-07
STATUS: Neat little 5 week double bottom with handle base has formed using the 50 day EMA (39.50) on the lows as support. It is making a higher low this week at the 18 day EMA, coming back on low volume, using the selling to form a handle. That is what typically precedes the breakout, and DNR has set up a great pattern to spring it to a new all-time high.
Volume: 927.3K Avg Volume: 1.256M
BUY POINT: $42.55 Volume=1.9M Target=$49.95 Stop=$40.95
POSITION: DNR LH - Dec. $40c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/dnr.html
Play Date: 08/14/2007
FLIR (Flir Systems--$47.34; -1.50; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/f/flir.html
EARNINGS: Announced 7-25-07
STATUS: Test 18 day EMA. After a nice run in June and July out of a 7 week double bottom base FLIR was sold in the late July dumping, coming back to test and hold the 90 day SMA. It bounced smartly off that level and then ran higher to start August and through last week. Strong upside trade. This week it has faded back to the 18 day EMA on low volume. We are looking for FLIR to hold this test and give another buy point as it starts back up.
Volume: 596.79K Avg Volume: 897.059K
BUY POINT: $49.78 Volume=1.2M Target=$57.95 Stop=$47.22
POSITION: FFQ AI - Jan. $45c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/flir.html
Downside:
Play Date: 08/14/2007
BBBB (Blackboard--$40.07; -1.24; optionable): Multimedia graphics
http://biz.yahoo.com/p/b/bbbb.html
EARNINGS: Announced 7-31-07
STATUS: Put. BBBB gapped lower to start August, diving lower on its earnings results. It managed to bottom at 38 and rebound, but it has started to come back, closing just below the 90 day SMA (40.14) on Tuesday. Volume was low, but money flow is diving lower ahead of price, and there is a big gap up from 35 in early May. We are looking for that gravity to pull BBBB lower. Our initial target is the August lows, but if this selling continues, a trip down to the 35 level is likely. A move to the initial target lands a 40%ish gain.
Volume: 333.627K Avg Volume: 485.611K
BUY POINT: $39.94 Volume=525K Target=$37.90 Stop=$40.44
POSITION: BPU UP - Sept. $40p (-44 delta)
http://www.investmenthouse.com/ci/bbbb.html
Play Date: 08/14/2007
FRPT (Force Protection--$16.11; -0.14; optionable): Trucks, vehicles for military
http://biz.yahoo.com/p/f/frpt.html
EARNINGS: Announced 8-9-07
STATUS: Put. FRPT is in a continuing downtrend after a massive run that peaked in late May. It rolled over and has made a series of lower milestones. It gapped below the 200 day SMA near 18.50 the last week of July and then rebounded to test the move in early August on lower, below average volume. It ran into a buzz saw there and gapped back down. It has again moved higher, but the 10 day EMA (16.40) is stalling it out. Looking for it t fail here and head lower. A move to the initial target lands us a 38%ish gain, but we are looking more at a move down to 12.50 or so.
Volume: 984.621K Avg Volume: 0
BUY POINT: $15.88 Volume=3.2M Target=$13.77 Stop=$16.57
POSITION: QFZ UW - Sept. $17.50p (-55 delta)
http://www.investmenthouse.com/ci/frpt.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
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