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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 09/01/2007
AFSI (Am Trust Financial Services--$16.37; +0.33; no options): Insurance broker
http://biz.yahoo.com/p/a/afsi.html
STATUS: Double bottom w/handle. A new issue in November 2006, AFSI rallied nicely and is now forming its first base, a 7 week double bottom that has formed nicely during the market selling. It basically used the selling to form up this base that gave it a good rest and is setting up the next breakout and run higher. Some top earnings growth rates to match the excellent pattern.
Volume: 174.527K Avg Volume: 680K
BUY POINT: $16.75 Volume=1M Target=$20.95 Stop=$15.58
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/afsi.html
Play Date: 09/01/2007
MM (Metal Management--$46.91; +2.44; optionable): Steel and iron
http://biz.yahoo.com/p/m/mm.html
EARNINGS: 8-2-07
STATUS: Cup. MM is starting move up the right side 4 month up base, accelerating out of the bottom of the pattern with a nice volume surge Friday that pushed it through its 90 day SMA (45.96). Metals are coming back to life and MM is a solid leader in the field and it is set up to make a strong run higher.
Volume: 408.7K Avg Volume: 323.959K
BUY POINT: $47.25 Volume=400K Target=$54.45 Stop=$45.88
POSITION: MM AM - Jan. $45c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/mm.html
Play Date: 09/01/2007
MTW (Manitowoc--$79.49; +1.90; optionable): Farm and construction machinery
http://biz.yahoo.com/p/m/mtw.html
EARNINGS: 10-31-07
STATUS: Double bottom w/handle. A good volume and price surge Thursday and a gap higher Friday put MTW in excellent position to make a nice break higher. Excellent price base the past 6 weeks during the selling has given MTW the chance to blow off the froth and set the foundation for its next run higher. Top notch earnings growth to go along with the pattern.
Volume: 517.2K Avg Volume: 1M
BUY POINT: $80.05 Volume=1.5M Target=$92.00 Stop=$77.04
POSITION: MTW LP - Dec. $80c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/mtw.html
Play Date: 09/01/2007
POT (Potash--$88.56; +2.95; optionable): Fertilizer components
http://biz.yahoo.com/p/p/pot.html
EARNINGS: 7-26-07
STATUS: Ascending base. POT had its ups and downs during the recent selling, suffering a sharp sell off in mid-August, but it caught itself at the 90 day MA and rebounded. The result is a 7 week ascending base where POT is working off its excess while holding its gains. Obviously that is a sign of strong stock. POT finished the week gapping higher toward the base high near 90. It may test some more before making the breakout, but with the new money coming back to the market next week we want to be ready to get in on POT as it makes its break.
Volume: 1.973M Avg Volume: 3.284M
BUY POINT: $89.11 Volume=4.9M Target=$106.95 Stop=$85.05
POSITION: PYP LR - Dec. $90c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/pot.html
Play Date: 09/01/2007
TRMB (Trimble Navigation--$35.31; -0.02; optionable): Positioning devices
http://biz.yahoo.com/p/t/trmb.html
EARNINGS: 7-31-07
STATUS: Test 50 day EMA. After surging on its earnings report to start August, TRMB was not immune to the selling, but it used it to its advantage, fading back to test the 50 day EMA at 34.53 and give itself a nice rest to set up its next move higher. It spent the end of last week in a tight range just over the 50 day as volume moved up close to average. With money flow still moving higher even as TRMB tests, we are looking for TRMB to start to lead once more and give us a good bounce off the 50 day as an entry point.
Volume: 749.119K Avg Volume: 874.163K
BUY POINT: $36.22 Volume=1.2M Target=$41.95 Stop=$34.44
POSITION: TUH AG - Jan. $35c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/trmb.html
Play Date: 09/01/2007
VDSI (Vasco Data Security--$31.32; +0.77; optionable): Data security products
http://biz.yahoo.com/p/v/vdsi.html
EARNINGS: 7-26-07
STATUS: Ascending base. VDSI has enjoyed a strong run and it is setting up to deliver another upside move that we are going to ride for what it is worth. After a nice rise into early August it too went through the selling, but after one quick run down to the 50 day EMA (27.31) and bounced right back up. It closed out the month with a weeklong move below the high on the run at 32. Looking for VDSI to provide a nice break higher as the next breakout is likely to be a strong one.
Volume: 716.625K Avg Volume: 976.023K
BUY POINT: $32.22 Volume=1.4M Target=$38.75 Stop=$29.96
POSITION: QFN LF - Dec. $30c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/vdsi.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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us stock market
stock recommendation
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