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world stock market, trade stock
Begin part 3 of 3
THE PLAYS: More plays with ties to the rest of the world economy.
Upside:
Play Date: 01/02/2008
AMZN (Amazon.com--$96.25; +3.61; optionable): Online sales
http://biz.yahoo.com/p/a/amzn.html
After Hours: $96.60
STATUS: Reverse head and shoulders. Okay, why not? AMZN received an upgrade Wednesday and broke higher on strong, above average volume. We were watching the 11 week base set up and the upgrade helped gap it higher. If it can continue from here we are willing to take some positions and see if AMZN can duplicate its action since April or at least part of it. Not necessarily a stock with a ton of overseas ties, but it had a very good holiday season and the base shows good accumulation.
Volume: 13.866M Avg Volume: 8.558M
BUY POINT: $96.65 Volume=8.6M Target=$111.45 Stop=$93.68
POSITION: ZQN DT - Apr. $95c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/amzn.html
Play Date: 01/02/2008
ESLR (Evergreen Solar--$17.44; +0.17; optionable): Solar power
http://biz.yahoo.com/p/e/eslr.html
EARNINGS: Late January
STATUS: Test 10 day EMA. Got a bit too antsy with ESLR Wednesday. It ended up holding the 10 day EMA on an intraday test as it made the second test of its mid-December breakout from a 5 week cup with handle base. Very nice action and looking to move in as ESLR continues its break higher.
Volume: 4.079M Avg Volume: 4.872M
BUY POINT: $17.71 Volume=5M Target=$21.75 Stop=$16.74
POSITION: QLU CW - Mar. $17.50c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/eslr.html
Play Date: 01/02/2008
FWLT (Foster Wheeler--$161.53; +6.51; optionable): Construction services. Splits 2:1 on a date to be determined
http://biz.yahoo.com/p/f/fwlt.html
EARNINGS: Early February
After Hours: $161.08
STATUS: Ascending base. Nice volume Wednesday as FWLT broke higher off the 18 day EMA (157), making a higher low in its 4 week pattern. This current pattern has consolidated the early December break from a 7 week base. Solid stock, solid action. Looking to move in as it continues higher.
Volume: 2.208M Avg Volume: 1.645M
BUY POINT: $161.89 Volume=1.8M Target=$186.45 Stop=$156.78
POSITION: UFG BL - Feb. $160c (51 delta)
http://www.investmenthouse.com/ci/fwlt.html
Play Date: 01/02/2008
HAL (Halliburton--$38.69; +0.78; optionable): Oil and gas service company
http://biz.yahoo.com/p/h/hal.html
After Hours: $38.57
EARNINGS: 1-28-08
STATUS: Double bottom. Volume moved up toward average Wednesday as HAL bounced off the 90 day SMA and moved toward the breakout from a 10 week base. With oil prices rising, oil stocks are not acting as if there is any recession ahead, at least for the world. Thus all services become more valuable, and HAL has formed a nice base as foundation for the next run higher.
Volume: 10.322M Avg Volume: 11.676M
BUY POINT: $39.08 Volume=15M Target=$45.55 Stop=$37.55
POSITION: HAL DT - Apr. $37.50c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/hal.html
New buy point on current positions:
Play Date: 01/02/2008
CF (CF Industries--$110.61; +0.55; optionable): Agriculture chemicals
http://biz.yahoo.com/p/c/cf.html
EARNINGS: Late January
STATUS: Test breakout. CF is making a low volume test of the mid-December breakout from its 5 week base. Great volume on the break higher, nice low volume on the test of the 10 day EMA (108.58) as CF uses market selling to set up its next move. Nice test and ready to see the next move higher to move into more positions.
Volume: 1.348M Avg Volume: 2.162M
BUY POINT: $112.05 Volume=3M Target=$128.95 Stop=$107.88
POSITION: CF BB - Feb. $110c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/cf.html
Play Date: 01/02/2008
RIMM (Research in Motion--$113.71; +0.31; optionable): Blackberries
http://biz.yahoo.com/p/r/rimm.html
EARNINGS: Announced 11-20-07
STATUS: Double bottom w/handle. RIMM continued its fade after gapping higher on earnings. It showed a doji at the 50 day SMA Wednesday, closing at that level. It has used the market fade to test the gap higher and set up the next upside break in its 7 week pattern. If it can show strong upside trade on a break higher we are looking to move in again.
Volume: 24.174M Avg Volume: 29.164M
BUY POINT: $115.32 Volume=30M Target=$136.95 Stop=$111.12
POSITION: RUL CU - Mar. $115c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/rimm.html
Play Date: 01/02/2008
VIP (Vimple Communication--$43.74; +2.14; optionable): Russian wireless
http://biz.yahoo.com/p/v/vip.html
EARNINGS: Late February
STATUS: Test breakout. VIP continues to perform, breaking higher Wednesday on rising, above average volume after a nice, orderly test of the 10 day EMA (41.75) in the market selling. This test of the 10 day EMA is its second since breaking higher in early December, and that leaves plenty of upside still ahead for VIP.
Volume: 3.858M Avg Volume: 3.481M
BUY POINT: $43.95 Volume=3.4M Target=$52.95 Stop=$41.65
POSITION: VIQ DH - Apr. $40c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/vip.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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world stock market
trade stock
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