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stock recommendation, stock market recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/21/2007
AAPL (Apple Computer--$127.57; +5.35; optionable): iPods
http://biz.yahoo.com/p/a/aapl.html
EARNINGS: 7-25-07
STATUS: AAPL is coming off the 90 day SMA after finally selling off after its big run. It took a long time to crack but it did and it was able to work off some froth. Tuesday it received a table pounding upgrade and it bounced off this test of 120 (where there is a lot of support from June) on strong, above average volume. It cleared the 50 day EMA but still need to see a continued strong move to enter positions. Looks to be ripening again.
Volume: 46.537M Avg Volume: 39.472M
BUY POINT: $128.75 Volume=45M Target=$148.00 Stop=$125.31
POSITION: APV AF - Jan. $130c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/aapl.html
Play Date: 08/21/2007
EXM (Excel Maritime Carriers--$35.49; +1.34; optionable): Shipping
http://biz.yahoo.com/p/e/exm.html
EARNINGS: 8-13-07
STATUS: Double bottom. Nice breakout in July from a short but well formed base and then a solid run to 41 on that move. In the market selling EXM gave it all back, falling back to the top of the base where it found support on the intraday lows last week. It rebounded nicely and has approached the hump in the short new base. May try to move laterally here for a few sessions to form a handle, but we like the pattern a lot and if it can break higher from here on strong trade, handle or no, we will be ready to move in.
Volume: 377K Avg Volume: 517.361K
BUY POINT: $36.05 Volume=775K Target=$43.45 Stop=$33.53
POSITION: EXM LG - Dec. $35c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/exm.html
Play Date: 08/21/2007
HUN (Huntsman--$25.25; +1.17; optionable): Chemicals
http://biz.yahoo.com/p/h/hun.html
EARNINGS: 7-31-07
STATUS: Test 50 day EMA. Strong, above average volume as HUN comes off the 50 day EMA (24.12) after a huge two-gap move higher in June that exploded it out of a 2 year cup base. Nice test during the market selling and on Tuesday HUN was back in the hunt for more upside. Ready to move in as HUN continues this move.
Volume: 5.783M Avg Volume: 3.451M
BUY POINT: $25.44 Volume=3.7M Target=$29.45 Stop=$23.97
POSITION: HUN AE - Jan. $25c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/hun.html
New buy point on current positions:
Play Date: 08/21/2007
HRS (Harris Corp.--$57.43; -0.64; optionable): Telecom equipment
http://biz.yahoo.com/p/h/hrs.html
EARNINGS: 8-7-07
STATUS: Double bottom. Another solid stocks showing a quick double bottom and now forming a handle on low volume as it works laterally at the early August peak on that second leg to the double bottom. Excellent money flow is leading higher, leading HRS toward another new high.
Volume: 601.9K Avg Volume: 1.098M
BUY POINT: $59.04 Volume=1.6M Target=$67.95 Stop=$56.38
POSITION: HRS AK - Jan. $55c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/hrs.html
Play Date: 08/21/2007
NVDA (Nvidia--$47.33; +2.43; optionable): Graphics chips/cards
http://biz.yahoo.com/p/n/nvda.html
EARNINGS: 8-9-07
STATUS: Double bottom w/handle. A short but sweet pattern set up over the past six weeks as NVDA formed a double bottom off the 50 day EMA (42.83). Short handle, nice break higher Tuesday as it moved to a new all-time closing high. Money flow is leading higher and we are looking to move in with more positions as NVDA makes its next move higher.
Volume: 11.904M Avg Volume: 10.769M
BUY POINT: $47.75 Volume=14M Target=$54.95 Stop=$44.48
POSITION: UVA LW - De. $47.50c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/nvda.html
Downside:
Play Date: 08/21/2007
BBY (Best Buy--$44.09; +0.22; optionable): Electronics stores
http://biz.yahoo.com/p/b/bby.html
EARNINGS: 9-18-07
STATUS: Put. BBY is in a steady downtrend, continuing lower and lower as it rides the moving averages. It last tested the 50 day EMA (45.51) two weeks back and failed, dropping hard once more in last week's selling. After the Thursday reversal day it has made it back up to the 10 and 18 day EMA, tapping at the 18 day EMA the past two sessions on the highs on very low volume. Looking for it to continue lower from this test of near resistance. A move to the target lands a 45%ish gain.
Volume: 4.192M Avg Volume: 7.011M
BUY POINT: $43.64 Volume=7M Target=$41.55 Stop=$44.52
POSITION: BBY VI - Oct. $45c (-57 delta)
http://www.investmenthouse.com/ci/bby.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 market recommendation
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