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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 10/23/2007
GLNG (Golar LNG--$25.77; +1.50; optionable): Shipping
http://biz.yahoo.com/p/g/glng.html
EARNINGS: 11-30-07
STATUS: Test 50 day EMA. Looking for GLNG to make us some more money after it tested its 50 day EMA (22.48) on the Monday low and reversed. Nice breakout in the third week of September from its 10 week base, and this is the first test of that move; a bit deeper than usual what with the Friday selling, but a great recovery. Looking to move in as GLNG continues higher toward a new all-time high.
Volume: 544.781K Avg Volume: 432.021K
BUY POINT: $25.95 Volume=445K Target=$31.22 Stop=$24.55
POSITION: QGL CE - Mar. $25c (63 delta, 60 OI) &/or Stock
http://www.investmenthouse.com/ct/glng.html
Play Date: 10/23/2007
NYX (NYSE Euronext--$87.70; +3.36; optionable): Stock exchanges
http://biz.yahoo.com/p/n/nyx.html
EARNINGS: 11-2-07
STATUS: Cup. NYX came off the bottom of a long 10 month base in mid-September, rallying to the 200 day SMA (83.79) two weeks back. It faded from that resistance, but then gapped higher Friday as the market sold. It held the break Monday, and then surged up Tuesday on another strong shot of volume. That made a higher high for NYX and puts it in excellent shape to make a run up to the prior highs between 105 and 110. It won't run up to their in a straight line, of course, but it is in great shape to make a steady climb to test those old highs.
Volume: 7.663M Avg Volume: 4.708M
BUY POINT: $88.05 Volume=5M Target=$99.95 Stop=$85.89
POSITION: NYX AQ - Jan. $85c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/nyx.html
Play Date: 10/23/2007
SGR (Shaw Group--$68.10; +2.45; optionable): Power plant construction
http://biz.yahoo.com/p/s/sgr.html
EARNINGS: 10-10-07
STATUS: Test breakout. SGR gapped higher on its strong earnings two weeks back, clearing a 12 week base as it did so, rallying to a new all-time high as it made the first run off the breakout move. It has come back to test, selling back in the Friday selling and tapping the 18 day EMA on the Monday low and then reversing. Gapped higher Tuesday though volume was lower. Looking for a continued move higher and some more volume Wednesday to give us the entry point. Always like it when the earnings are already out and it is testing the breakout after a good move on earnings.
Volume: 864.6K Avg Volume: 1.207M
BUY POINT: $69.38 Volume=1.5M Target=$80.45 Stop=$66.11
POSITION: SGR AN - Jan. $70c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/sgr.html
Play Date: 10/23/2007
SLT (Sterlite Industries--$22.05; +1.50; optionable): Copper
http://biz.yahoo.com/p/s/slt.html
EARNINGS: 11-21-07
STATUS: Test 50 day EMA. Another stock that made us some great money in its September and early October run as it broke out from its first base and rallied higher. It sold off sharply the past two weeks, but on Monday it found support at the 50 day EMA on the intraday low and surged back up. It continued the move Tuesday on continues solid volume. A new issue in June and has its first base under its belt. Looking to move in as SLT continues the run higher.
Volume: 2.145M Avg Volume: 1.466M
BUY POINT: $22.22 Volume=2M Target=$26.48 Stop=$20.88
POSITION: SLT CD - Mar. $20c (68 delta) &/or Stock
http://www.investmenthouse.com/ct/slt.html
Play Date: 10/23/2007
SNDA (Shanda Interactive Ent.--$38.08; +2.55; optionable): Chinese internet services
http://biz.yahoo.com/p/s/snda.html
EARNINGS: 11-27-07
STATUS: Test 50 day EMA. SNDA broke higher in September from a nicely formed 10 week base. It ran higher up the 18 day EMA (37.22), but in the selling last week and Monday it came back for a full test, tapping at the 50 day SMA on the Monday low and then rebounding to recoup some of its losses. It then surged Tuesday on continued strong, above average volume, moving back into the uptrend formed following the breakout. Very strong and looking for a continued move higher as SNDA resumes its uptrend. We are looking to move in as it does.
Volume: 2.427M Avg Volume: 1.6M
BUY POINT: $38.34 Volume=1.8M Target=$45.95 Stop=$36.94
POSITION: QKU AG - Jan. $35c (69 delta) &/or Stock
http://www.investmenthouse.com/ct/snda.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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us stock market
stock recommendation
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