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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 11/05/2007
AOB (American Oriental Bioengineering--$13.58; +0.30; optionable): Biotechnology
http://biz.yahoo.com/p/a/aob.html
EARNINGS: 11-5-07 after the close
STATUS: Test breakout. AOB broke higher last week on strong volume, moving out of a 10 month double bottom with handle base. It tested to start this month then bounced Monday ahead of earnings, moving up on stronger, above average volume. After hours, moving back up toward the new high it just hit last week. After hours it reported earnings, and though it was down at first, it rebounded as the after hours session went on. Looking to get a good entry point on AOB tomorrow as it moves up, continuing the breakout move.
Volume: 2.436M Avg Volume: 1.628M
BUY POINT: $13.88 Volume=1.8M Target=$16.88 Stop=$12.91
POSITION: AOB DV - Apr. $12.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/aob.html
Play Date: 11/05/2007
ICE (Intercontinental Exchange--$174.79; +0.16; optionable)
http://biz.yahoo.com/p/i/ice.html
EARNINGS: Announced 10-25-07
STATUS: Test breakout. ICE broke higher the third week of October, moving out of a 15 week reverse head and shoulders base. It has struggled higher since, trending up the 10 day EMA (171.61), but unable to make the clean break. It has not given up its breakout, however, and you have to like how it is hanging in there, gapping lower Monday but recovering to post a modest gain. Looking to move in as ICE resumes its break higher with some solid volume.
Volume: 1.653M Avg Volume: 2.319M
BUY POINT: $175.65 Volume=2.5M Target=$199.95 Stop=$169.72
POSITION: IHH AO - Jan. $175c (56 delta)
http://www.investmenthouse.com/ci/ice.html
New buy point on a current position:
Play Date: 11/05/2007
CF (CF Industries--$87.83; -1.71; optionable): Agricultural chemicals
http://biz.yahoo.com/p/c/cf.html
EARNINGS: Announced 10-29-07
STATUS: Test 18 day EMA. This is CF's second test of the September breakout from its 9 week cup with handle base. Nice run up the 18 day EMA (82.32) and it came back to test that on Friday then bounced on strong volume. Monday was no day to run, and it faded back some on lower volume. Ready to move in as it continues higher on rising trade. Nice strong leader unwilling to give back its gain. Strong money flow is shooting higher ahead of price, and CF is set up to follow it.
Volume: 1.855M Avg Volume: 1.844M
BUY POINT: $88.26 Volume=2.2M Target=$99.95 Stop=$85.05
POSITION: CF BR - Feb. $90c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/cf.html
Continuing play ready to move:
Play Date: 11/03/2007
STP (Suntech Power Holdings--$56.80; -0.20; optionable): Online games in China
http://biz.yahoo.com/p/s/snda.html
EARNINGS: Late November
STATUS: Ascending base. Another nice shakeout session for STP as it tested the 10 day EMA on the low (54.68) and rebounded to close flat on lower, below average volume. No selling, just another nice test and rebound. Looks ready to move as SPWR was up sharply after hours and STP and company were riding its coattails. Very solid. To recap: Looking at one that has made us great coin in the past. SNDA is part of the China cadre that is moving well and looks ready to move some more. SNDA has moved through a 6 week base up the 18 day EMA and closed the week bumping up against the resistance in the pattern. Has shown good upside volume on the bounces higher. Looking for that volume to surge as it makes the breakout move. That gives us the buy point.
Volume: 1.347M Avg Volume: 3.172M
BUY POINT: $58.18 Volume=4M Target=$69.95 Stop=$54.45
POSITION: STP AK - Jan. $55c (61 delta) or STP CL - Mar. $60c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/stp.html
Good Investing!
Jon L. Johnson and your IH Alerts 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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