stock recommendation, stock option

Begin part 3 of 3

THE PLAYS:

Play Date: 01/03/2008
BTJ (Bolt Technology--$43.10; +4.10; no options): Oil and gas service company. Splits 3:2 on 1-31-08
http://biz.yahoo.com/p/b/btj.html
STATUS: Cup. BTJ started higher this week from the bottom of its 7 month cup base, breaking up through the 200 day SMA (40.63) Thursday with a strong price and volume surge. BTJ was a nice winner for us the first half of 2007, and this long base has allowed BTJ to consolidate those gains and set the foundation for a new rally. Looking to start moving in as it continues this move. We are playing the pre-split run but also BTJ's ability to sustain solid moves.
Volume: 367.588K Avg Volume: 260.117K
BUY POINT: $43.32 Volume=350K Target=$54.95 Stop=$41.38
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/btj.html

Play Date: 01/03/2008
CHL (China Mobile--$85.44; +0.79; optionable): Wireless telecom, China
http://biz.yahoo.com/p/c/chl.html
EARNINGS: 3-21-08
STATUS: Ascending base. CHL has come to rest on the 90 day SMA this week where it attempts to make a higher low in its 9 week base. This is a solid Chinese stock, and as CMED has shown us, they are starting to move back up. Just going to be patient and let it show us the strong break higher.
Volume: 1.347M Avg Volume: 3.289M
BUY POINT: $87.88 Volume=4.9M Target=$102.95 Stop=$84.25
POSITION: CHL CQ - Mar. $85c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/chl.html

Play Date: 01/03/2008
OII (Oceaneering Intl.--$75.18; +3.83; optionable): Oil and gas offshore drilling, services
http://biz.yahoo.com/p/o/oii.html
EARNINGS: 2-20-08
STATUS: Double bottom. Volume is up the past two sessions, moving above average as OII surges higher, clearing the early December peak that is the 'hump' in its 11 week base. Strong surge, and it is putting OII on course for a run back up to the old high at 86 for starters. Looking to move in on a continued upside move here and then again on the test that holds and starts to rebound again.
Volume: 1.096M Avg Volume: 778.152K
BUY POINT: $75.55 Volume=785K Target=$90.95 Stop=$71.35
POSITION: OII DO - Aprl $75c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/oii.html

Play Date: 01/03/2008
SGR (Shaw Group--$67.28; +4.97; optionable): Heavy construction
http://biz.yahoo.com/p/s/sgr.html
EARNINGS: Early March
STATUS: Double bottom. Volume surged Thursday as SGR broke higher over the 50 day EMA (62.32), ready to break over the middle of its 9 week base. The money has started moving into these stocks, and SGR is one of the leaders in the sector. Thus we are ready to move in as it continues higher, and we will then add to positions when it makes its first test.
Volume: 2.446M Avg Volume: 1.605M
BUY POINT: $67.57 Volume=1.6M Target=$79.95 Stop=$64.97
POSITION: SGR DM - Apr. $65c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/sgr.html

Good Investing!
Jon L. Johnson and your Technical Traders Report 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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