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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS: Looking at some more upside as market reverses big after that early plunge.
Upside:
Play Date: 01/22/2008
BLK (Blackrock--$203.00; +1.50; optionable): Investment services
http://biz.yahoo.com/p/b/blk.html
EARNINGS: Announced 1-17-08
STATUS: Test 90 day SMA. Showing great relative strength in the market. Announced earnings last week and given the market it could not hold its surge. It gapped lower Tuesday to the 90 day SMA and rebounded to the 50 day EMA (203.11) on the close. Strong volume accompanied the rebound to close positive. Looking for continued upside strength from this leader, and ready to move in as it climbs. Financials have turned stronger after getting sold out near term, and BLK is a leader among them.
Volume: 1.112M Avg Volume: 525.533K
BUY POINT: $205.05 Volume=788K Target=$222.45 Stop=$201.77
POSITION: BLK DB - Apr. $210c (48 delta)
http://www.investmenthouse.com/ci/blk.html
Play Date: 01/22/2008
CHT (Chunghwa Telecom--$21.63; +1.18; optionable): Chinese domestic telecom services
http://biz.yahoo.com/p/c/cht.html
EARNINGS: Late January
STATUS: Test breakout. A volatile breakout from a big 11 month base, CHT has trended higher the past three months, but it has been whipsaw. Still, it is making higher los and higher highs, coming off of a 50 day EMA test intraday on Friday and gapping higher Tuesday on strong trade. Excellent action and ready to move in as CHT continues its breakout move.
Volume: 4.531M Avg Volume: 1.099M
BUY POINT: $21.89 Volume=1.2M Target=$25.95 Stop=$20.38
POSITION: COC CD - Mar. $20c (65 delta) or COC FD - June $20c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/cht.html
Play Date: 01/22/2008
HLEX (Healthextras--$29.94; -0.29; optionable): Pharmacy benefit management services
http://biz.yahoo.com/p/h/hlex.html
EARNINGS: 2-25-08
STATUS: Test breakout. HLEX surged higher last week on strong volume, clearing a 9 month base that is part of a larger 21 month pattern. It is making a quick test as the market sells, coming back Thursday through Tuesday, tapping at the 200 day SMA (28.44) on the Tuesday low and rebounding to close flat. Looks very good to continue the break higher and make a run toward a new all-time high.
Volume: 598.447K Avg Volume: 293.125K
BUY POINT: $30.52 Volume=440K Target=$36.65 Stop=$28.38
POSITION: HUE FF - June $30c (53 delta) or HUE CF - Mar. $30c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/hlex.html
Play Date: 01/22/2008
MA (MasterCard--$182.17; +7.55; optionable): Credit services
http://biz.yahoo.com/p/m/ma.html
EARNINGS: 1-31-08
STATUS: Test 200 day SMA. MA sold off just over a week back on the AMX earnings report even though the two are in dissimilar businesses. It held the line, working laterally, then gapped lower Tuesday on the market selling. It held above the 200 day SMA (159) and rebounded to close positive on strong, above average volume. Nice fill of the late October gap (on earnings) and then roaring back. Looking to move in as MA continues the recovery move.
Volume: 5.276M Avg Volume: 4.183M
BUY POINT: $183.92 Volume=5M Target=$210.95 Stop=$179.77
POSITION: MAL DQ - Apr. $185c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/ma.html
Play Date: 01/22/2008
PBR (Petroleo Brasileiro--$96.58; +2.21; optionable): Oil and gas drilling, Brazil
http://biz.yahoo.com/p/p/pbr.html
EARNINGS: Second week of February (not confirmed)
STATUS: Test 90 day SMA. Big volume Tuesday as PBR holed its recent lows from last week quite nicely on the open and then bounced off of that level. Showing good strength with other Brazilian stocks and in position to give us a nice bounce at least and makes us some good money. Ready to move in as it continues the rebound.
Volume: 16.929M Avg Volume: 7.915M
BUY POINT: $97.31 Volume=10M Target=$111.95 Stop=$94.77
POSITION: PMJ DS - Apr. $95c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/pbr.html
Play Date: 01/22/2008
RIMM (Research in Motion--$90.08; +1.50; optionable): Blackberries
http://biz.yahoo.com/p/r/rimm.html
EARNINGS: Announced 12-20-08
STATUS: Test 200 day SMA. RIMM gapped lower at the open but held support at 80 and the 200 day SMA (82.79), reversing to close positive on rising, above average volume. Nice test of support and after this selloff from 120, in good position to bounce. After hours it was down to 87 thanks to AAPL's results, but AAPL's earnings worries were centered around the iPod and its falling sales growth. That is not RIMM's problem. Looking for RIMM to start a big softer and then bouncing. That is when we move in to catch the rise back up.
Volume: 34.867M Avg Volume: 30.199M
BUY POINT: $90.45 Volume=35M Target=$103.95 Stop=$85.05
POSITION: RFY CR - Mar. $90c (57 delta) or FRY FR - June $90c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/rimm.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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us stock market
stock recommendation
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