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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 12/26/2007
DVN (Devon Energy--$90.82; -0.96; optionable): Independent oil and gas
http://biz.yahoo.com/p/d/dvn.html
EARNINGS: 2-6-07
STATUS: Reverse head and shoulders. Broke higher last Friday on strong volume, but it was expiration so . . . Anyway, Nice break higher over the early December peak, setting up the next run higher and the breakout from its 9 week base that will take it to a new all-time high. Faded back Wednesday, tapping at the early December closing high. Looking for it to hold there and then make the break higher once more to give us the entry point.
Volume: 2.21M Avg Volume: 3.545M
BUY POINT: $92.24 Volume=4.4M Target=$105.95 Stop=$89.91
POSITION: DVN DR - Apr. $90c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/dvn.html
Play Date: 12/26/2007
GIGM (Gigamedia--$20.23; -0.32; optionable): Online gaming software
http://biz.yahoo.com/p/g/gigm.html
EARNINGS: Mid-February
STATUS: Ascending base. GIGM is making higher lows off the mid-November bottom of its 8 week base. Making higher and higher lows off the 90 day SMA (18.18), this time making a higher low above the 50 day EMA, tapping the 10 day EMA on the Wednesday low and rebounding nicely. After this higher low we are expecting the breakout move. Just waiting for it to show itself.
Volume: 897.071K Avg Volume: 1.387M
BUY POINT: $20.91 Volume=2M Target=$25.22 Stop=$19.45
POSITION: GBU DD - Apr.$20c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/gigm.html
Play Date: 12/26/2007
GSOL (Global Sources Ltd.--$31.47; +1.08; no options): Business to business advertising media company in China
http://biz.yahoo.com/p/g/gsol.html
EARNINGS: mid-February
STATUS: Ascending base. Making higher lows off the 50 day EMA (29.11), setting up the break higher from its 9 week base. It is looking for a new high with a breakout and run higher. Excellent money flow is moving higher ahead of price. Top stock in terms of earnings growth rates. Looking for additional volume as it continues the move up off the 50 day.
Volume: 283.053K Avg Volume: 402.325K
BUY POINT: $31.68 Volume=550K Target=$37.95 Stop=$29.78
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/gsol.html
Play Date: 12/26/2007
JNPR (Juniper Networks--$34.49; +0.12; optionable): PC networking hardware
http://biz.yahoo.com/p/j/jnpr.html
EARNINGS: Third week January
STATUS: Cup w/handle. JNPR is working on the handle to its 11 week base, pulling back to test the 90 day SMA (33.81) this week after breaking through the 90 day last week. Nice, patient base, setting up the next breakout move. Been awhile since we looked at JNPR and it is setting up nicely and getting some big buying in it.
Volume: 3.099M Avg Volume: 8.635M
BUY POINT: $35.05 Volume=12M Target=$41.95 Stop=$33.68
POSITION: JUP DZ - Apr. $32.50c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/jnpr.html
Play Date: 12/26/2007
ONXX (Onyx Pharmaceuticals--$58.49; +1.56; optionable): Biotechnology
http://biz.yahoo.com/p/o/onxx.html
EARNINGS: Early February
STATUS: Flat base. A good upside push Wednesday as ONXX looks to be in the hunt for a breakout from its 7 week base formed using near support at the 18 day EMA (55.95) on the lows (with a quick test down to the 50 day EMA intraday last week). It is taking a pause after breaking to a new high when it took out the 2004 highs. Looks to be nearing the end of this consolidation and ready to move in as it makes the break.
Volume: 736.86K Avg Volume: 1.223M
BUY POINT: $59.15 Volume=1.8M Target=$70.95 Stop=$56.45
POSITION: OIQ BL - Feb. $60c (49 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/onxx.html
New buy point on current position:
Play Date: 12/26/2007
BG (Bunge Ltd.--$119.13; +1.00; optionable): Fertilizer, Soybeans
http://biz.yahoo.com/p/b/bg.html
EARNINGS: 2-7-07
STATUS: Test 18 day EMA. BG is working laterally over the 18 day EMA (117.43), holding that near support the past week as it tested back from the early December breakout surge. Like that it is holding this near support level and the breakout. All we need is another strong break higher to give us the next entry point.
Volume: 743.462K Avg Volume: 1.299M
BUY POINT: $120.31 Volume=1.4M Target=$138.65 Stop=$117.38
POSITION: BG DD - Apr. $120c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/bg.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 option
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