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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/27/2007
AMX (America Movil--$60.24; -0.44; optionable): Wireless telecom, Latin America
http://biz.yahoo.com/p/a/amx.html
EARNINGS: 7-24-07
STATUS: Double bottom. Some volatile up and down action but that is the nature of a double bottom: some patterns grind 'em out, the double bottom scares them out. This one the second leg in August was low; lower than most. Indeed AMX is about to morph this into a reverse head and shoulders, but either way the pattern is setting up. After an excellent run up the 10 and 18 day EMA through early July it needed a rest, and now it is getting that. Good rebound on strong volume off the 200 day SMA in the mid-August selling. Now it has moved up to just below the 50 day SMA (59.37), sliding laterally Monday on very low trade. May take a few sessions of this lateral movement to set up the break, but that is what it looks to be doing.
Volume: 2.738M Avg Volume: 6.067M
BUY POINT: $61.25 Volume=9M Target=$70.45 Stop=$59.11
POSITION: AMX AL - Jan. $60c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/amx.html
Play Date: 08/27/2007
GMCR (Green Mountain Coffee Roasters--$34.44; -0.96; optionable): Java, Joe
http://biz.yahoo.com/p/g/gmcr.html
EARNINGS: 8-2-07
STATUS: Breakout test. GMCR has been on a torrid run this year, making solid runs up 10 and 18 day EMA with a periodic test of the 50 day EMA (30.86). Big surge to start this month after its split and on its earnings report. It came off the 50 day EMA in the mid-August selling and is now testing the move, holding the 18 day EMA (33.76) the past week, making a higher low. This is how GMCR has made its moves. Looking for a volume jump as it breaks higher off of the 18 day EMA higher low. Has a lot of pop to it.
Volume: 188.003K Avg Volume: 453.395K
BUY POINT: $35.78 Volume=680K Target=$42.95 Stop=$33.65
POSITION: QGM LG - Dec. $35c (51 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/gmcr.html
Play Date: 08/27/2007
MORN (Morningstar--$62.94; -0.89; optionable): Asset management services
http://biz.yahoo.com/p/m/morn.html
EARNINGS: 8-2-07
STATUS: Breakout test. MORN exploded higher to start August, clearing a 14 week cup base, rallying to 67 on the high. It tested the 18 day EMA after that surge, then gapped higher just over a week back. That was the initial play we were looking to get in on but the gap did not give us a good entry. It has worked laterally the past week as the 10 day EMA (62.02) rose to meet it. The 10 day EMA is now with it as MORN tapped it on the low and bounced. Looking for MORN to resume its breakout move; showed some good average volume Monday, and looking for some more.
Volume: 173.795K Avg Volume: 160.129K
BUY POINT: $64.68 Volume=240K Target=$74.50 Stop=$61.96
POSITION: QMR LM - Dec. $65c (51 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/morn.html
Play Date: 08/27/2007
OIH (Oil Services Hldrs Trust--$173.50; -2.10; optionable)
http://biz.yahoo.com/p/o/oih.html
STATUS: Double bottom. Similar to the AMX pattern, OIH is setting up above the 50 day EMA (172.24) on the low and under the 50 day SMA (175.80) on the high. Looking for it to slide laterally along the 50 day EMA for two to three more sessions to form more of a handle and then make the break higher. OIH surged April to July and it needed a base. This is giving it that base to set back up and renew the move. Oil prices are lower, but oil service companies look very good. If it shows us the move with the associated volume it is a buy.
Volume: 5.338M Avg Volume: 9.864M
BUY POINT: $174.92 Volume=11M Target=$190.00 Stop=$172.11
POSITION: ODL AO - Jan. $175c (50 delta)
http://www.investmenthouse.com/ci/oih.html
Continuing plays looking good: Going to be ready for these.
Upside: RADS; RIMM; RVBD
Downside: BWA; CAT; ETFC; JNS
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 split
stock recommendation
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