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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside: Some leaders in the last move have set up again.
Play Date: 02/09/2008
CLF (Cleveland-Cliffs--$108.06; +6.77; optionable): Steel and iron
http://biz.yahoo.com/p/c/clf.html
EARNINGS: 2-21-08 after the close
STATUS: Ascending triangle. Strong volume Friday accompanying the breakout move from a nicely formed 16 week base formed using the 200 day SMA as support on the lows. Strong taking CLF to a new all-time high. Ready to move in with some positions as it continues the move and then adding to the position when it tests the move and then starts to rebound once more.
Volume: 2.597M Avg Volume: 1.511M
BUY POINT: $108.55 Volume=1.6M Target=$124.95 Stop=$104.57
POSITION: CLF DA - Apr. $105c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/clf.html
Play Date: 02/09/2008
ISRG (Intuitive Surgical--$300.68; +2.03; optionable): Medical appliances
http://biz.yahoo.com/p/i/isrg.html
EARNINGS: Announced 1-31-08
STATUS: Test 50 day EMA. ISRG gapped higher to start the month, jumping higher on a strong earnings report. After that gap it has come back to test, tapping the 50 day EMA (288) on the Thursday low and then rebounding. Nice orderly test of the breakout. It is also an island reversal, i.e. a gap lower to start January and then a gap higher to start February. That is a bullish indication. After this test ISRG is ready to go again, another leader in the last rally that has set back up.
Volume: 659.122K Avg Volume: 1.275M
BUY POINT: $305.22 Volume=1.9M Target=$349.00 Stop=$297.55
POSITION: AXV DA - Apr. $310c (50 delta)
http://www.investmenthouse.com/ci/isrg.html
Play Date: 02/09/2008
MA (MasterCard--$205.61; +4.73; optionable): Financial services
http://biz.yahoo.com/p/m/ma.html
EARNINGS: Announced 1-31-08
STATUS: Reverse head and shoulders. Made us some great money on its last move when it gapped higher on earnings. It has come back to test that move this month, holding the 50 day EMA (195) on the Thursday low and rebounding. Nicely formed 8 week base is setting up MA's next breakout move. Another leader in the last rally that has formed a base and is in position to break higher once more.
Volume: 2.921M Avg Volume: 3.827M
BUY POINT: $206.67 Volume=5M Target=$239.00 Stop=$199.45
POSITION: MAL DT - Apr. $200c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/ma.html
Play Date: 02/09/2008
POT (Potash--$137.50; -0.28; optionable): Fertilizer chemicals
http://biz.yahoo.com/p/p/pot.html
EARNINGS: Announced 1-24-08
STATUS: Reverse head and shoulders. Huge run in 2007; 2006 as well. It has not broken down, selling off in mid-January with the market, but then jumping right back up to hold the 50 day EMA (132). It tapped that level on the Thursday low and rebounded. Nice set up, just waiting for it to show us the breakout move yet again.
Volume: 5.347M Avg Volume: 5.409M
BUY POINT: $141.38 Volume=7.5M Target=$162.65 Stop=$135.78
POSITION: PYP FH - June $140c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/pot.html
Play Date: 02/09/2008
PTNR (Partner Communications--$22.00; +1.00; optionable): Wireless telecom
http://biz.yahoo.com/p/p/ptnr.html
EARNINGS: Announced 2-6-08
STATUS: Ascending base. Nice price surge Friday, breaking above the February highs and moving toward the breakout from its 9 week base. No volume on that move, so we will need to see it this week as it continues the breakout move. Solid fundamentals to go with the pattern as PTNR sets up to break to a new all-time high.
Volume: 268.658K Avg Volume: 267.9K
BUY POINT: $22.12 Volume=402K Target=$26.65 Stop=$20.74
POSITION: QPO ED - May $20c (68 delta, 47 OI) &/or Stock
http://www.investmenthouse.com/ci/ptnr.html
Play Date: 02/09/2008
WFR (Memc Electronic--$75.68; +1.46; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/w/wfr.html
EARNINGS: Announced 1-24-08
STATUS: Reverse head and shoulders. Taking another look at WFR as it rebounded right back up after the Tuesday dump to some support at 70. Broke above its recent range Friday, but no volume. This is a short 5 week pattern that is part of a larger topping pattern, but WFR has set up to make the break higher, and if there is some volume as it makes the move it can break up that pattern and give us a very nice run higher.
Volume: 4.094M Avg Volume: 5.744M
BUY POINT: $77.94 Volume=7M Target=$93.50 Stop=$74.18
POSITION: WFR DO - Apr. $75c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/wfr.html
Downside:
Play Date: 02/09/2008
GRMN (Garmin Ltd.--$66.81; +0.66; optionable): GPS
http://biz.yahoo.com/p/g/grmn.html
EARNINGS: 2-20-08
STATUS: Put. After gapping lower on Tuesday and not really giving us the opportunity to play that downside move, GRMN has rebounded to just about fill the gap, moving through the 10 day EMA (67.19) on the Thursday and Friday highs but then unable to close the deal. Looking for a rollover to give us a downside play. A move to the target lands a 41%ish gain.
Volume: 3.649M Avg Volume: 5.451M
BUY POINT: $66.11 Volume=5.5M Target=$60.05 Stop=$67.82
POSITION: GQR OM - Mar. $65p (-39 delta)
http://www.investmenthouse.com/ci/grmn.html
Play Date: 02/09/2008
IWM (Ishares Russell 2000--$69.67; -0.44; optionable)
http://biz.yahoo.com/p/i/iwm.html
STATUS: Put. Looking to get right back in after getting shaken out on Friday as it moved higher, looking as if the small caps were going to break upside again as on Thursday. IWM closed below the 10 day EMA (70.07), however, showing its weakness at near resistance. If it moves down from here again we will be ready to move back in.
Volume: 86.493M Avg Volume: 99.325M
BUY POINT: $69.46 Volume=15M Target=$66.25 Stop=$70.72
POSITION: IQQ OR - Mar. $70p (-47 delta)
http://www.investmenthouse.com/ci/iwm.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
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