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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS:
Leader Plays:
New pre-announcement plays:
Play Date: 08/20/2007
SLB (Schlumberger--$90.70; +2.14; optionable): Oil and gas service company
http://biz.yahoo.com/p/s/slb.html
EARNINGS: 7-20-07
STATUS: Test 50 day EMA. Broke out in April from a 11 month base, rallying nicely up the 18 day EMA (90.23). Came close to 100 on the move and has now tested back in the selling, back to the 50 day EMA (88.12) with a quick dip to the 90 day SMA on the Thursday intraday low. Nice recovery and ready to move in as SLB continues higher on the return of above average volume.
Volume: 7.847M Avg Volume: 10.84M
BUY POINT: $91.41 Volume=12M Target=$109.00 Stop=$87.91
POSITION: SLB KS - Nov. $95c (52 delta) &/or Stock
http://www.investmenthouse.com/cs/slb.html
Downside:
Play Date: 08/20/2007
AMD (Advanced Micro Devices--$12.10; +0.21; optionable): Semiconductors
http://biz.yahoo.com/p/a/amd.html
EARNINGS: 7-1-07
STATUS: Put. AMD remains massively weak despite the recovery earlier of the semiconductors. It fell hard from the 10 day EMA (12.46) last week, then rebounded Thursday through Monday, coming back to tap near the 10 day Monday. Showed a doji on lower, below average volume, an indication it is ready to turn back down. Looking for a further turn back down from the 10 day. Another run lower to the target lands a 50%ish gain.
Volume: 23.967M Avg Volume: 29.106M
BUY POINT: $11.95 Volume=30M Target=$10.95 Stop=$12.32
POSITION: AMD VN - Oct. $12p (-43 delta)
http://www.investmenthouse.com/cs/amd.html
Play Date: 08/20/2007
DIA (Diamonds Trust (DJ30)--$130.96; +0.41; optionable)
http://biz.yahoo.com/p/d/dia.html
STATUS: Put. After that massive Thursday reversal that sent DIA back up to the 10 day EMA (131.43). It could not punch through Monday, showing a doji at that level on lower, below average volume. Not a lot of strength, but a bit too quiet to jump into the downside. Want to see more overall weakness in the market and some rising volume as it turns back down. A move to the target lands a 40%ish gain.
Volume: 16.906M Avg Volume: 19.053M
BUY POINT: $130.74 Volume=20M Target=$126.71 Stop=$131.55
POSITION: DAW VA - Oct. $131p (-45 delta)
http://www.investmenthouse.com/cs/dia.html
CURRENT PLAYS
Play Date: 08/18/2007
TRMB (Trimble Navigation--$35.26; +0.52; optionable): Positioning devices for government, military, etc.
http://biz.yahoo.com/p/t/trmb.html
EARNINGS: Announced 7-31-07
STATUS: 50 day EMA test. Still in the pullback on low volume but still holding up nicely. Another once where it is just a matter of time. To recap: A solid winner for us, TRMB got a bit rocky last week in the market air pockets (some would say freefalls), and it came back to the 50 day EMA (33.86) on three separate tests. Each time it rebounded sharply, however, indicating there is a lot of support for the stock. Looking for TRMB to bounce again after this test and give us a new entry point for the next upside leg.
Volume: 453.805K Avg Volume: 907.729K
BUY POINT: $36.21 Volume=1.3M Target=$41.95 Stop=$33.78
POSITION: TUH AG - Jan. $35c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/trmb.html
Good Investing!
Jon L. Johnson and the Stock Split Report 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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us stock market
stock recommendation
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