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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 10/16/2007
BBBB (Blackboard--$46.37; -0.52; optionable): Multimedia graphics software
http://biz.yahoo.com/p/b/bbbb.html
EARNINGS: 11-1-07
STATUS: Breakout test. BBBB surged higher in late September, clearing a 10 week cup base. We watched it make that breakout to a new high. Way to go. Got some great pictures but no money. Of course as is usually the case, Bx4 has come back to test, fading the past two weeks in a very gradual pullback and on below average volume. It is holding above the 18 day EMA (45.90) as it makes this test, and we are just going to wait for it to bounce back up on some rising trade and that is when we move in. Oh, did I mention that the first test of a breakout is my favorite entry point?
Volume: 296.451K Avg Volume: 414.824K
BUY POINT: $47.55 Volume=425K Target=$54.85 Stop=$45.82
POSITION: BPU AI - Jan. $45c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/bbbb.html
Play Date: 10/16/2007
COP (ConocoPhillips--$87.80; +1.44; optionable): Major integrated oil
http://biz.yahoo.com/p/c/cop.html
EARNINGS: 10-24-07
STATUS: Cup w/handle. First it was the services, then the drillers, then the independents, and now the majors are starting to move. Oil in the upper 80's would make you think that would be the tendency. After hemming and hawing around for 5 weeks in a handle to its 13 week base COP finally surged higher Tuesday on a nice strong shot of volume. Looks to be heading toward a new all-time high.
Volume: 12.562M Avg Volume: 11.786M
BUY POINT: $87.95 Volume=12M Target=$99.95 Stop=$85.93
POSITION: COP AQ - Jan. $85c (66 delta) &/or Stock
http://www.investmenthouse.com/cd/cop.html
Play Date: 10/16/2007
PCU (Southern Copper--$133.85; -1.29; optionable): Copper
http://biz.yahoo.com/p/p/pcu.html
EARNINGS: 10-27-07
STATUS: Breakout test. PCU is making its second test of the breakout, showing a nice tight doji at the 10 day EMA on the Tuesday low (131.51). This pullback follows the September breakout from an 8 week base and it the second test of near support after that breakout. Looking to move in as PCU makes the next break higher from this test.
Volume: 2.058M Avg Volume: 2.379M
BUY POINT: $136.31 Volume=2.5M Target=$156.75 Stop=$131.38
POSITION: PCU AG - Jan. $135c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/pcu.html
Downside:
Play Date: 10/16/2007
WB (Wachovia Corp.--$48.96; -1.12; optionable): National bank
http://biz.yahoo.com/p/w/wb.html
EARNINGS: 10-19-07
STATUS: Put. WB is rolling over after rebounding and making a double top in late September and early October. Volume is up this week as it started lower, and Tuesday was a really weak session. Looking to move in as WB continues to fade and heads toward a test of the August lows down below 46. Our initial target is not that ambitious though a move to that level lands a 40%ish gain. If it is moving well at that level we will let it continue to fall and see just what it can make us.
Volume: 13.077M Avg Volume: 13.445M
BUY POINT: $48.74 Volume=14M Target=$47.00 Stop=$49.55
POSITION: WB WJ - Nov. $50p (-52 delta)
http://www.investmenthouse.com/cd/wb.html
Good Investing!
Jon L. Johnson and The Daily 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
stock recommendation
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