|
|
us stock market, trade stock
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 12/11/2007
IRM (Iron Mountain--$37.05; -0.04; optionable): Document storage
http://biz.yahoo.com/p/i/irm.html
EARNINGS: Last week of January 2008
STATUS: Cup w/handle. Very nice, orderly 5 week base has formed using near support at the 18 day EMA (36.35) as the bottom of the pattern. Ice run following the breakout from a long base in September. IRM forms these small bases and then breaks higher for nice 6 to 8 point runs. Excellent action the past week, fading back to form a handle or shakeout on low volume, holding the 10 day EMA Tuesday. Looks ready to make the breakout despite the market.
Volume: 697.462K Avg Volume: 660.38K
BUY POINT: $37.95 Volume=991K Target=$43.95 Stop=$36.22
POSITION: IRM DG - Apr. $35c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/irm.html
Play Date: 12/11/2007
ONXX (Onyx Pharmaceuticals--$55.95; -1.81; optionable): Biotechnology
http://biz.yahoo.com/p/o/onxx.html
EARNINGS: Early February 2008
STATUS: Cup w/handle. Sold back Tuesday with the market, but on very low, below average volume as ONXX came to rest on the 10 day EMA at the close. Short but nice 5 week base has set up using the 18 day EMA as support. Basically ignoring the market's problems, just what you want to see. Just going to be patient and wait for the break higher on rising trade to show us it is ready to buy.
Volume: 723.197K Avg Volume: 1.293M
BUY POINT: $57.88 Volume=1.9M Target=$69.45 Stop=$55.45
POSITION: OIQ BK - Feb. $55c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/onxx.html
Play Date: 12/11/2007
QMAR (Quintana Maritime--$25.66; -1.02; optionable): Shipping
http://biz.yahoo.com/p/q/qmar.html
EARNINGS: Early February 2008
STATUS: Reverse head and shoulders. Sold back with the market Tuesday, but volume was very low as QMAR held near support at the 18 day EMA (25.56). This is forming the right shoulder to its 7 week base formed using the 50 day EMA and the 90 day SMA as support. Nice base to consolidate its prior moves in 2007. Has ties to the global market and thus we are looking for a good move on solid volume to buy into.
Volume: 531.369K Avg Volume: 989.458K
BUY POINT: $26.88 Volume=1.5M Target=$32.48 Stop=$25.38
POSITION: CQU CE - Mar. $25c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/qmar.html
Downside:
Play Date: 12/11/2007
IWM (Russell 2000 ETF--$76.33; -2.78; optionable)
http://biz.yahoo.com/p/i/iwm.html
STATUS: Put. Rallied up to resistance in the second leg of the holiday rally and then was flipped hard Tuesday on rising, above average volume. Looking to play it on a move down to the prior lows near 73. A move to the target lands a 42%ish gain.
Volume: 120.369M Avg Volume: 87.118M
BUY POINT: $76.21 Volume=90M Target=$73.15 Stop=$76.95
POSITION: IOW MY - Jan. $77p (-47 delta)
http://www.investmenthouse.com/ci/iwm.html
Play Date: 12/11/2007
SPY (S&P ETF--$147.91; -4.17; optionable)
http://biz.yahoo.com/p/s/spy.html
STATUS: Put. After moving to resistance on the second leg of the holiday rally SPY rolled over and is playing dead after the Fed rate cut disappointment. Higher, above average volume as it pushed through the 200 day SMA (148.62), breaking support again. Looking for a move toward the prior lows. Indeed our initial target is above the November low and will produce a 41%ish gain.
Volume: 250.346M Avg Volume: 193.486M
BUY POINT: $147.71 Volume=200M Target=$143.65 Stop=$148.88
POSITION: SFB MR - Jan. $148p (-44 delta)
http://www.investmenthouse.com/ci/spy.html
Play Date: 12/11/2007
TIE (Titanium Metals--$28.59; -1.47; optionable): Industrial metals
http://biz.yahoo.com/p/t/tie.html
STATUS: Put. After collapsing below the 200 day SMA to start November and dumping down to 26, TIE recovered in the holiday rally, but after two taps at the 50 day EMA (29.92) this month it looks ready to re-engage to the downside. Broke below the 10 and 18 day EMA again on Tuesday, and it looks as if TIE is going to resume its downtrend below those levels. A move to the target lands a 41%ish gain.
Volume: 2.081M Avg Volume: 2.363M
BUY POINT: $28.48 Volume=2.5M Target=$26.45 Stop=$28.92
POSITION: TIE MF - Jan. $30p (-51 delta)
http://www.investmenthouse.com/ci/tie.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.
|
us stock market
trade stock
|
