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stock recommendation, stock investment information
Begin part 3 of 3
***NOTE: Part 3 precedes Part 2 this evening.
THE PLAYS
Upside:
Play Date: 10/18/2007
BEAV (BE Aerospace--$44.75; +0.99; optionable): Aerospace/defense
http://biz.yahoo.com/p/b/beav.html
EARNINGS: 10-30-07
STATUS: Breakout test. Volume jumped back above average Thursday as BEAV made the bounce off the 18 day EMA (43.22) after testing that level the prior three sessions as it came back to near support to test the early October breakout from its 10 week cup with handle base. This base formed below the all-time high hit back in 1997, and after this consolidation it looks ready to move to a new high. Excellent action from an excellent stock that is ready to continue to that new high.
Volume: 1.363M Avg Volume: 1.134M
BUY POINT: $45.25 Volume=1.7M Target=$53.00 Stop=$43.11
POSITION: BQV AI - Jan. $45c (56 delta) &/or Stock
http://www.investmenthouse.com/cd/beav.html
Play Date: 10/18/2007
CMC (Commercial Metals--$35.81; +2.06; optionable): Steel and iron
http://biz.yahoo.com/p/c/cmc.html
EARNINGS: 10-30-07
STATUS: Cup w/handle. Volume surged Thursday as CMC started the breakout from its 13 week base. Nicely formed pattern that is a beautiful foundation for the break and run higher. Metals led higher, needed to base, did so, and are now making the break higher. Ready to move in as CMC continues higher on this great breakout.
Volume: 2.057M Avg Volume: 1.439M
BUY POINT: $36.05 Volume=1.5M Target=$42.95 Stop=$33.85
POSITION: CMC CG - Mar. $35c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/cmc.html
Play Date: 10/18/2007
CSX (CSX Corp.--$45.96; +0.62; optionable): Railroads
http://biz.yahoo.com/p/c/csx.html
EARNINGS: 10-24-07 (not confirmed)
STATUS: Reverse head and shoulders. The railroads have suddenly come to life and CSX is no exception, breaking higher Wednesday and Thursday on a nice surge in above average volume. The move broke it out from its 9 week base that formed at the bottom of a 12 week cup pattern. Strong break and we are still looking to start some positions as it continues higher on this move. Then we will look to add some positions when it makes the initial test of this move. Solid pattern and a very good start to the breakout move.
Volume: 9.06M Avg Volume: 6.988M
BUY POINT: $46.12 Volume=7.2M Target=$52.95 Stop=$44.89
POSITION: CSX AI - Jan. $45c (68 delta) &/or Stock
http://www.investmenthouse.com/cd/csx.html
Play Date: 10/18/2007
PQ (Petroquest Energy--$12.96; +0.26; optionable): Independent oil and gas
http://biz.yahoo.com/p/p/pq.html
EARNINGS: 11-6-07
STATUS: Double bottom with handle. Big run May to June and then a base of equal magnitude, fully testing the run higher with a couple of bottoms, one in August and one in late September. It bounced back up and cleared the 200 day SMA (12.55) and then came back to test that break of resistance this week with a nice lower volume pullback to that key level. It held and on Thursday bounced higher on rising volume approaching average. Nice set up for a run back up to the old high at 16, and that gives us a very nice gain without having to plow new ground. Have to like that.
Volume: 739.8K Avg Volume: 792.476K
BUY POINT: $13.26 Volume=1.2M Target=$15.95 Stop=$12.45
POSITION: PQ AV - Jan. $12.50c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/pq.html
Play Date: 10/18/2007
TIF (Tiffany--$56.83; +2.02; optionable): Jewelry stores
http://biz.yahoo.com/p/t/tif.html
EARNINGS: Last week of November
STATUS: Reverse head and shoulders. Retail may not be in every investor's holiday stocking, but TIF's little blue boxes will be. The stock has shown no ill effects of any real or imagined consumer slowdown because its clients tend to be the upper echelon and are not as subject to the more typical up and down consumer cycles. TIF's pattern punctuates that, a nicely formed 15 week base that started the breakout Thursday on some huge volume. Looking to move in as TIF continues the break higher.
Volume: 4.729M Avg Volume: 2.575M
BUY POINT: $57.18 Volume=2.6M Target=$65.95 Stop=$54.25
POSITION: TIF AK - Jan. $55c (60 delta) &/or Stock
http://www.investmenthouse.com/cd/tif.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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stock recommendation
stock investment information
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