stock recommendation, stock market report

Begin part 3 of 3

THE PLAYS

New Plays:

Upside:

Play Date: 08/30/2007
MTL (Mechel Steel Group--$42.33; +2.00; optionable): Steel and iron
http://biz.yahoo.com/p/m/mtl.html
EARNINGS: 7-11-07
STATUS: Reverse head and shoulders. Very strong volume Thursday as MTL broke higher in its 7 week base, clearing some resistance at 42 in the process. Nice surge, good volume, ready to move in as it continues higher toward the July peak at 47.93 and onto a new high.
Volume: 984.3K Avg Volume: 493.52K
BUY POINT: $42.55 Volume=525K Target=$50.95 Stop=$39.97
POSITION: MTL AH - Jan. $40c (64 delta) &/or Stock
http://www.investmenthouse.com/ct/mtl.html

Play Date: 08/30/2007
VSEA (Varian Semiconductor--$54.55; +1.05; optionable): Chip equipment
http://biz.yahoo.com/p/v/vsea.html
EARNINGS: 7-26-07
STATUS: Breakout test. VSEA broke higher in early August, clearing a 12 week cup with handle base. It dumped down to the 50 day EMA (47.13) in the market selling and then bounced right back up, surpassing the breakout high. It has tested that move this week, tapping at the 10 day EMA (52.54) on the low and starting the bounce Thursday. Ready to move in as this strong leaders continues higher.
Volume: 1.369M Avg Volume: 2.032M
BUY POINT: $55.57 Volume=2.5M Target=$66.75 Stop=$52.44
POSITION: UES AK - Jan. $55c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/vsea.html

New buy point on current position:

Play Date: 08/30/2007
CROX (Crocs, Inc.--$58.18; -0.96; optionable): Apparel
http://biz.yahoo.com/p/c/crox.html
EARNINGS: 7-26-07
STATUS: Reverse head and shoulders. Working laterally on low volume, holding at the 10 day EMA (57.21) on the lows as its range tightens. Showed a doji Thursday, setting up for the break higher. Want to see the volume climbing as CROX makes the next break higher.
Volume: 3.591M Avg Volume: 7.284M
BUY POINT: $60.11 Volume=7.5M Target=$72.00 Stop=$57.05
POSITION: CQJ LL - Dec. $60c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/crox.html

Good Investing!
Jon L. Johnson and your Technical Traders Report 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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