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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 10/30/2007
AMT (American Tower--$44.95; -1.39; optionable): Cell towers
http://biz.yahoo.com/p/a/amt.html
EARNING: 11-7-07
STATUS: Test breakout. Nice surge the past week as AMT broke higher off the 50 day EMA that formed the bottom of the handle to its 13 week double bottom with handle base. Strong volume on the break higher and then Tuesday it fell rather sharply, but after such a move it was not bad at all given the nice drop in volume as it faded back. May come back a bit more and test toward the 10 day EMA (44.22), but we want to be ready to move in if it puts on the breaks here and starts upside again, say on a positive FOMC decision.
Volume: 2.615M Avg Volume: 2.946M
BUY POINT: $45.12 Volume=3M Target=$51.95 Stop=$43.94
POSITION: AMT AI - Jan. $45c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/amt.html
Play Date: 10/30/2007
GLDN (Golden Telecom--$99.33; -4.17; optionable): Russian telecom
http://biz.yahoo.com/p/g/gldn.html
EARNINGS: 11-8-07. Not confirmed
STATUS: Test 10 day EMA. Nice strong run for us already after the early September breakout. It has been running up the 10 and 18 day EMA and after a huge surge last week it has come back to test the 10 day EMA (97.81) Tuesday. Looking for it to hold here and will look for a move in from here on a solid bounce.
Volume: 374.903K Avg Volume: 318.115K
BUY POINT: $100.12 Volume=490K Target=$119.95 Stop=$97.65
POSITION: QDV AT - Jan. $100c (57 delta, very low OI) &/or Stock
http://www.investmenthouse.com/ct/gldn.html
Downside: Have to be ready if the Fed disappoints
Play Date: 10/30/2007
LRCX (Lam Research--$50.02; -0.57; optionable): Chip equipment
http://biz.yahoo.com/p/l/lrcx.html
EARNINGS: 10-10-07
STATUS: Put. Collapsed last week on very strong volume last week. It fell through the summertime and the September low at 50 then rebounded this week to test. Volume was lower as it made the bounce, and Tuesday it reached up to the 200 day SMA on the high and then gave it all back and more. Looking for it to roll over after this failed relief bounce. A move to the target lands a 40%ish gain.
Volume: 2.699M Avg Volume: 2.491M
BUY POINT: $49.88 Volume=2.8M Target=$47.11 Stop=$50.62
POSITION: LMQ XJ - Dec. $50c (-46 delta)
http://www.investmenthouse.com/ct/lrcx.html
Play Date: 10/30/2007
SLB (Schlumberger--$95.99; -3.80; optionable): Oil and gas service company
http://biz.yahoo.com/p/s/slb.html
EARNINGS: 10-19-07
STATUS: Put. Tanked on earnings and finally held at the 90 day SMA (96.58). It bounced up to the 50 day EMA last week but then started to roll back over this week, undercutting the 90 day on the Tuesday close as volume moved back up. Looks ready to test further and looking to move in as it continues lower. A move to the target lands us a 40%ish gain.
Volume: 9.198M Avg Volume: 9.825M
BUY POINT: $95.58 Volume=9.2M Target=$91.22 Stop=$96.69
POSITION: SLB XS - Dec. $95p (-42 delta)
http://www.investmenthouse.com/ct/slb.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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stock recommendation
stock investment information
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