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Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 10/25/2007
GRA (W.R. Grace & Co.--$30.16; -0.14; optionable): Chemicals
http://biz.yahoo.com/p/g/gra.html
EARNINGS: Announced 10-24-07 after the close
STATUS: Cup w/handle. GRA formed a 6 month cup base and then broke higher the second week of October. A short quick rally took it to 32, and then it spent the past week moving laterally in a tight range above the 10 day EMA, as earnings approached. It announced Wednesday after the close and gapped modestly higher Thursday, but volume was low and it fell back; not a big reaction either way. Once all of the excitement dies down we will see if GRA can make the break higher and give us a good buy for the play.
Volume: 382K Avg Volume: 989.374K
BUY POINT: $31.04 Volume=1.2M Target=$37.45 Stop=$29.11
POSITION: GRA AF - Jan. $30c (53 delta) &/or Stock
http://www.investmenthouse.com/cd/gra.html
Play Date: 10/25/2007
IDC (Interactive Data Corp.--$31.11; +1.03; no options): Real time data services
http://biz.yahoo.com/p/i/idc.html
EARNINGS: 10-25-07
STATUS: Cup w/handle breakout. Nice above average volume the past three sessions as IDC found the 50 day EMA and then jumped higher. With the indices making stellar moves, it makes sense that a real time data provider is moving as well. Excellent 24 week base set up a great foundation for the breakout and run into new high territory. Ready to move in as it continues higher and then we will look to add positions after its first successful test of the breakout move.
Volume: 292.7K Avg Volume: 301.633K
BUY POINT: $31.48 Volume=300K Target=$36.45 Stop=$29.88
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/idc.html
Play Date: 10/25/2007
STR (Questar--$55.05; +2.99; optionable): Independent oil and gas
http://biz.yahoo.com/p/s/str.html
EARNINGS: Announced 10-24-07
STATUS: Cup w/handle breakout. Volume jumped well above average Thursday as STR announced earnings after the Wednesday close and gapped upside. It powered into the close, clearing the mid-October peak that marked the start of the handle to its 14 week base. This base formed after the March to July run that took STR to a new high. This pullback has se the foundation for the next move and that started on Thursday. Looking to step in and buy as STR continues higher and then again when it makes the first test of the breakout move and then starts back upside.
Volume: 1.84M Avg Volume: 1.272M
BUY POINT: $55.38 Volume=1.3M Target=$63.75 Stop=$52.95
POSITION: STR AK - Jan. $55c (50 delta) &/or Stock
http://www.investmenthouse.com/cd/str.html
Play Date: 10/25/2007
TISI (Team, Inc.--$30.08; +1.14; no options): Construction and maintenance services for high temperature and high pressure piping systems
http://biz.yahoo.com/p/t/tisi.html
EARNINGS: Announced 10-3-07 after the close
STATUS: Test 18 day EMA. TISI broke higher in early September, clearing a 9 week flat trading range. Nice rally ensued as TISI reached 32 on the peak. It spend the past three weeks coming back to test on overall lower volume. Thursday volume bounced up above average as TISI bounced higher off some support at 28 where it consolidated to end September. Looking for more strong trade as TISI continues this break higher.
Volume: 152.346K Avg Volume: 149.031K
BUY POINT: $30.75 Volume=200K Target=$36.48 Stop=$28.32
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/tisi.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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