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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
New Post-Split Plays:
Play Date: 09/24/2007
CROX (Crocs, Inc.--$61.98; +5.12; optionable): Footwear
http://biz.yahoo.com/p/c/crox.html
EARNINGS: 10-25-07
STATUS: Ascending base. CROX is back on track, posting a nice breakout Monday on strong volume, clearing its 8 week base that formed using the 50 day EMA (54.27) as support. The move pushed CROX to a new all-time high and we are looking to take positions as it continues the break higher, and then on its test of this breakout move.
Volume: 11.205M Avg Volume: 6.571M
BUY POINT: $62.32 Volume=6.6M Target=$74.95 Stop=$58.89
POSITION: CQJ AT - Jan. $62.50c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/crox.html
New buy point on a pre-announcement play:
Play Date: 09/24/2007
FLIR (Flir Systems--$53.63; -0.93; optionable): Scientific and technical instruments
http://biz.yahoo.com/p/f/flir.html
EARNINGS: 10-24-07
STATUS: Test breakout. Looking at FLIR again as it comes back to test the breakout last week from its 9 week ascending base. Volume was not quite there on the break higher so we did not move in. Now it is coming back to test the 10 day EMA (52.62) and then try to resume the move. Very nice action and looking for the full test of the 10 day EMA and then we will pick it up on the bounce. If it does not make the full test but starts back up on rising trade that will be just as good. Solid stock with excellent fundamentals growth to go along with the pattern.
Volume: 515.307K Avg Volume: 833.986K
BUY POINT: $52.88 Volume=1.3M Target=$60.95 Stop=$50.88
POSITION: FFQ AJ - Jan. $50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/flir.html
Continuing ready to move:
Play Date: 09/22/2007
TEX (Terex--$84.45; +0.86; optionable): Heavy equipment
http://biz.yahoo.com/p/t/tex.html
EARNINGS: 10/25/2007
STATUS: Cup with Handle. Volume started to edge higher Monday as TEX tested the 90 day SMA on the low and rebounded for a gain. Looking very ready to be a leader in the next move higher. To recap: After a strong run from October, 2006 to July, 2007, TEX needed a base to rest at the foundation for a new higher. It fell to the 200 day EMA, and then rebounded to fade back in September to hold just above that key support level. When the Fed cut interest rates, DEX vaulted higher both Tuesday and Wednesday, rising to be early September high, or the "hump" on that move. If then worked laterally Thursday and Friday, holding above the "hump" and the 90 day EMA, moving on much lower below average volume. A nice tight doji Friday, and we anticipate TEX will bounce sharply higher once more after this nice test of support. We like how it has plenty of room to run before it hits the prior highs in the base.
Volume: 1.417M Avg Volume: 1.64M
BUY POINT: $85.22 Volume=2.4M Target=$99.90 Stop=$82.32
POSITION: TEX AQ - Jan. $85c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/tex.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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trade stock
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