|
|
us stock market, trade stock
Begin part 3 of 3
THE PLAYS: Just looking for some solid upside plays as we have taken several downside & need to let them run some or others set up better.
Upside:
Play Date: 11/15/2007
ESLR (Evergreen Solar--$12.92; -0.56; optionable): Solar power products
http://biz.yahoo.com/p/e/eslr.html
EARNINGS: Announced 10-25-07
STATUS: Breakout test. ESLR surged to start November, moving from 11 to 17 as it broke out of a 7 month cup base. It has come back to test that strong run, touching down at the 18 day EMA (12.28) on Monday, then rebounding. Thursday it faded on lower trade to test the 10 day EMA on the close. Looking for ESLR to give us a buy point as it rebounds from this first test of a very big breakout run.
Volume: 5.288M Avg Volume: 3.008M
BUY POINT: $13.55 Volume=5.4M Target=$15.95 Stop=$12.66
POSITION: QLJ CV - Mar. $12.50c (69 delta) &/or Stock
http://www.investmenthouse.com/cd/eslr.html
Play Date: 11/15/2007
FLO (Flowers Foods--$22.82; +0.09; optionable): Processed and packaged foods and goods
http://biz.yahoo.com/p/f/flo.html
EARNINGS: Announced 11-8-07
STATUS: Double bottom with handle. FLO is working laterally in a tight range this week, testing a strong surge on its earnings results from the week prior. It came close to the breakout from its 22 week base on the earnings announcement, but it ran a long way and needed a breather before taking on the high. Nice easy lateral test, refusing to give up its gains as it makes the move. Very solid action and we are just going to be patient and let it show us the breakout move. Another stock that is in a good sector for a market that is defensive.
Volume: 602.9K Avg Volume: 470.798K
BUY POINT: $23.05 Volume=706K Target=$26.50 Stop=$22.05
POSITION: FLO AX - Jan. $22.50c (59 delta, 170 OI) &/or Stock
http://www.investmenthouse.com/cd/flo.html
Continuing plays ready to move:
Play Date: 11/13/2007
COST (Costco--$66.34; +0.28; optionable): Discount warehouse stores
http://biz.yahoo.com/p/c/cost.html
EARNINGS: 12-13-07
STATUS: Flying plateau. Still working laterally over the 18 day EMA (66.05), holding the gains on the early October breakout move. Retail is getting hit, but COST is ignoring them because it is one of the retailers that thrives in a weaker economy because of its discount status and great following, much more so than WMT and its Sam's stores. Just being patient and looking for the break higher to move in. To recap: COST broke higher in early October, gapping to the upside on very strong volume as it broke out from a 9 week double bottom base. This last move broke COST out from a long 7 year base where it struggled to move higher. Money flow is still moving higher ahead of price and on Tuesday COST was up on stronger, above average volume. One of the best looking retailers out there, and with the issues relating to the economy ahead, it is showing very nice technical strength. Looking for a continued move higher on volume to move into some positions.
Volume: 4.629M Avg Volume: 4.831M
BUY POINT: $68.11 Volume=7.2M Target=$77.95 Stop=$64.77
POSITION: PRQ DU - Apr. $67.50c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/cost.html
Play Date: 11/10/2007
MA (MasterCard--$184.88; -1.89; optionable): Credit services
http://biz.yahoo.com/p/m/ma.html
EARNINGS: Announced 10-31-07
STATUS: Breakout test. Still working laterally at the 10 day EMA (185.54) in its test of that strong earnings gap higher, showing a nice tight doji Thursday on low, below average volume. Strong money flow continues to move higher ahead of price, and we are just waiting for MA to resume the breakout move. To recap: When most of the credit service companies are struggling, MA is taking bags of money to the bank. It announced strong earnings to end October and gapped sharply higher, clearing an excellent 18 week cup with handle base. Big surge that took it to a psychological level at 200 on the move. It stalled there and came back to test the 10 day EMA on the session lows each session.
Volume: 2.071M Avg Volume: 3.662M
BUY POINT: $191.68 Volume=5M Target=$219.95 Stop=$186.22
POSITION: MAL AS - Jan. $195c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/ma.html
Play Date: 11/05/2007
SCSC (Scansource--$34.64; -0.47; optionable): Specialty technology products
http://biz.yahoo.com/p/s/scsc.html
EARNINGS: Announced 10-25-07
STATUS: Breakout test. Continues its lateral move over the 18 day EMA (34.04) as it holds the late October gap higher and breakout move. Still ready to move and follow that strong money flow rising ahead of price. Just waiting for the big move higher on volume. To recap: Strong break higher on the earnings results, gapping out of a 17 week double bottom with handle base. It has come back to test the move, tapping at the 18 day EMA on the Monday low. Has not filled the gap but was moving up after it opened lower, and it may be some time before it does fill it. In other words, if it is moving higher on volume from here we won't wait for the fill as SCSC moves toward a bigger breakout from a 3 year base to a new all-time high.
Volume: 147.613K Avg Volume: 228.297K
BUY POINT: $34.89 Volume=375K Target=$41.95 Stop=$33.35
POSITION: UHI CG - Mar. $35c (55 delt, 66 OI) &/or Stock
http://www.investmenthouse.com/cd/scsc.html
Play Date: 11/10/2007
SLT (Sterlite Industries--$24.75; +0.05; optionable): Copper
http://biz.yahoo.com/p/s/slt.html
EARNINGS: 11-21-07
STATUS: Test 18 day EMA. Holding up very, very well in the market selling, particularly among metals. It has worked in a range over the 18 day EMA (23.73) this month with one session where it traded below it only to gap back up. Nice tight doji Friday over the 10 day EMA on rising volume indicates it is getting ready to try a move. To recap: A new issue in June and it broke out of its first ever base in mid-October. This is a very nice test of that breakout and we are ready to move right back in if it can show us another strong break higher. A top-rated stock in terms of fundamentals growth rates to match its solid pattern. Ready to move in as it makes a strong, higher volume rebound.
Volume: 3.872M Avg Volume: 1.874M
BUY POINT: New: $25.21 (orig. $24.31) Volume=2.8M Target=$29.38 Stop=$23.24
POSITION: SLT CX - Mar. $22.50c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/slt.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.
|
us stock market
trade stock
|
