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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 01/09/2008
APA (Apache--$107.68; +4.54; optionable): Independent oil and gas
http://biz.yahoo.com/p/a/apa.html
EARNINGS: 1-31-08
STATUS: Test 50 day EMA. Well, APA made very quick work of the 50 day EMA test, rebounding Wednesday on strong volume after peeling back to that level. Undercut the breakout from its 6 week double bottom with handle base, but is right back at moving higher toward a new all-time high. Lots of buying and no short covering jag for this leader.
Volume: 4.864M Avg Volume: 3.468M
BUY POINT: $108.55 Volume=3.5M Target=$122.75 Stop=$104.95
POSITION: APA DB - Apr. $110c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/apa.html
Play Date: 01/09/2008
CHA (China Telecom--$85.20; +6.65; optionable): China telecom
http://biz.yahoo.com/p/c/cha.html
STATUS: Ascending base. Chinese stocks are definitely on the move. CHA gapped higher Wednesday on surging volume, coming off the 50 day EMA (76.34) in its 11 week base. It is ready to clear the early December high that marks the high point in the base. Ready to move in as it clears that level as that will spring it for a run at 100.
Volume: 830.578K Avg Volume: 503.509K
BUY POINT: $85.95 Volume=550K Target=$98.95 Stop=$81.11
POSITION: CHA CQ - Mar. $85c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/cha.html
Play Date: 01/09/2008
TRA (Terra Industries--$46.84; +1.39; optionable): Ag chemicals
http://biz.yahoo.com/p/t/tra.html
EARNINGS: 2-7-08
STATUS: Test 18 day EMA. TRA broke higher in late December, clearing a short but nicely formed 7 week base formed using the 50 day EMA (40.50) as support. A nice quick consolidation of the run out of its July to September base. Nice doji with tail on Wednesday held the 18 day EMA (45.55) on the close. Good test and recovery and ready to continue the breakout run.
Volume: 5.857M Avg Volume: 3.546M
BUY POINT: $47.88 Volume=4.5M Target=$57.65 Stop=$44.95
POSITION: TRA CI - Mar. $45c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/tra.html
Continuing plays ready to move:
CPHD
OII
STE
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.
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stock recommendation
stock investment information
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