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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 09/29/2007
BIDU (Baidu.com--$289.65; -2.32; optionable): Chinese Google
http://biz.yahoo.com/p/b/bidu.html
EARNINGS: 10-25-07
STATUS: Test breakout. After that tremendous surge that netted us a tremendous gain, BIDU is making the test, heading back toward the 10 day EMA (279.41) with a pair of tight dojis on the candlestick pattern to end the week. Would like it to make a full test of the 10 day EMA, but if it starts up here we will start moving in for the next run.
Volume: 3.797M Avg Volume: 4.598M
BUY POINT: $292.11 Volume=5M Target=$336.00 Stop=$282.45
POSITION: BDU AZ - Jan. $300c (54 delta)
http://www.investmenthouse.com/ct/bidu.html
Play Date: 09/29/2007
FSLR (First Solar--$117.73; +7.70; optionable): Semiconductors for solar use
http://biz.yahoo.com/p/f/fslr.html
EARNINGS: 10-19-07
STATUS: Cup w/handle. Huge volume to end the week, and indeed strong volume all week as FSLR moved laterally in its 13 week base. This pattern formed after a strong run from May to early July and a new high. This base is laying the foundation for a new breakout and run higher. Solid pattern and a lot of backing for this stock to send it higher.
Volume: 5.686M Avg Volume: 2.848M
BUY POINT: $118.72 Volume=3M Target=$139.95 Stop=$113.88
POSITION: QHB LC - Dec. $115c (60 delta) or QHB CD - Mar. $120c (52 delta) &/or Stock
http://www.investmenthouse.com/ct/fslr.html
Play Date: 09/29/2007
GLNG (Golar LNG--$22.32; +0.02; no options): Shipping
http://biz.yahoo.com/p/g/glng.html
EARNINGS: 11-30-07
STATUS: Breakout test. Strong price and volume breakout two weeks back as GLNG exploded out of its 9 week base. After that surge it needed a breather, and instead of coming back it has moved laterally, refusing to give up its gains as it waits for the 10 day EMA (21.71) rises to meet it. May take another session or tow, but it is ready to make the next move. A top stock in terms of fundamentals growth rate.
Volume: 287.426K Avg Volume: 396.232K
BUY POINT: $23.08 Volume=450K Target=$27.55 Stop=$21.57
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/glng.html
Play Date: 09/29/2007
SLT (Sterlite Industries--$18.50; -0.07; optionable): Copper
http://biz.yahoo.com/p/s/slt.html
EARNINGS: 11-21-07
STATUS: Test breakout. A new issue in June, SLT is just making the breakout from a 10 week cup base, gapping higher Thursday on strong volume. Tested back modestly Friday on lower, below average volume. A new issue with a lot of strength and great earnings growth rates. Looking to move in as SLT continues higher.
Volume: 803K Avg Volume: 1.548M
BUY POINT: $18.69 Volume=1.6M Target=$22.50 Stop=$17.55
POSITION: SLT CW - Mar. $17.50c (69 delta) &/or Stock
http://www.investmenthouse.com/ct/slt.html
Play Date: 09/29/2007
VSEA (Varian Semiconductor--$53.52; +0.96; optionable): Semiconductor equipment
http://biz.yahoo.com/p/v/vsea.html
EARNINGS: 10-25-07
STATUS: Test 50 day EMA. VSEA made us some great money in 2006 and earlier this year. It got the dips in August, but it found bottom and moved to a new high to start September. It has since made a very low volume, orderly pullback as the 50 day EMA (50.87) rose to meet it. Looks to have settled down at this point and is ready to make the move higher. When it makes the break on strong volume that is when we move in.
Volume: 772.686K Avg Volume: 1.713M
BUY POINT: $55.12 Volume=2.6M Target=$63.45 Stop=$52.35
POSITION: UES AK - Jan. $55c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/vsea.html
Play Date: 09/29/2007
XTO (XTO Energy--$61.84; -0.52; optionable): Independent oil and gas
http://biz.yahoo.com/p/x/xto.html
EARNINGS: 10-24-07
STATUS: Double bottom w/handle. A great runner the first half of 2007, XTO got winded and needed a new base after hitting a new all-time high. A nice 14 week pattern has formed with a low volume handle the past two weeks above the 10 day EMA (61.48). May take a few more sessions to complete the handle, but it is in excellent shape for a new breakout to a new all-time high and another good run from there.
Volume: 2.491M Avg Volume: 4.181M
BUY POINT: $63.12 Volume=6.3M Target=$76.25 Stop=$61.08
POSITION: XTO AL - Jan. $60c (65 delta) &/or Stock
http://www.investmenthouse.com/ct/xto.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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stock recommendation
stock option
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