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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
New 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/ct/bbbb.html
Play Date: 10/16/2007
FREE (FreeSeas, Inc.--$9.12; +1.01; no options): Shipping
http://biz.yahoo.com/p/f/free.html
STATUS: Test breakout. A bit wild in the action the past week, but FREE did what it had to do, holding the 18 day EMA on the Monday low and then bouncing on strong volume Tuesday. Looks ready to continue the move in the 14 week base formed over the 50 day EMA. Ready to surge to a new high.
Volume: 383.553K Avg Volume: 75K
BUY POINT: $9.38 Volume=200K Target=$11.45 Stop=$8.89
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/free.html
Play Date: 10/16/2007
OII (Oceaneering Intl.--$78.88; -1.41; optionable): Offshore drilling
http://biz.yahoo.com/p/o/oii.html
EARNINGS: 10-31-07
STATUS: Test 18 day EMA. After breaking higher in early September and running up the 10 day EMA, OII is testing. It surged just over a week back on strong trade and is now testing, tapping the 18 day EMA on the Tuesday low (80.46) and rebounding to cut its losses. Low volume on that test. Looking to move in as OII rebounds on some rising trade.
Volume: 622.3K Avg Volume: 830.385K
BUY POINT: $80.35 Volume=985K Target=$96.55 Stop=$77.32
POSITION: OII AP - Jan. $80c (52 delta) &/or Stock
http://www.investmenthouse.com/ct/oii.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/ct/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/ct/wb.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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trade stock
stock recommendation
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