|
|
stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside: Some telecoms are moving and commodities are taking a breather, setting up the next move.
Play Date: 02/12/2008
DBC (DB Commodity Index ETF--$32.95; -0.68; optionable)
http://biz.yahoo.com/p/d/dbc.html
STATUS: Ascending base. Commodities are enjoying a resurgence, and DBC broke higher last Friday from a 3 month base formed using the 50 day EMA to make higher lows. This base followed a strong run from August to early November; it took the rest and is breaking higher. Now we look for a break higher after this Tuesday test of the 10 day EMA on lower trade. Like the first tests; when they start back up that shows the buyers are moving back in.
Volume: 760K Avg Volume: 603.49K
BUY POINT: $33.38 Volume=900K Target=$37.75 Stop=$32.38
POSITION: DBC GF - July $32c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/dbc.html
Play Date: 02/12/2008
NOK (Nokia--$36.84; +0.71; optionable): Telecom
http://biz.yahoo.com/p/n/nok.html
EARNINGS: Announced 1-24-08
STATUS: Reverse head and shoulders. Strong rally from early January 2007 through early November. It has sold back into a base, holding at the 200 day SMA on the lows and fully testing the break higher from August that marked the last run higher in the rally. It has formed up the current 6 week base at the bottom of its larger base, breaking higher Tuesday with a gap on higher volume. Stalled at the 90 day SMA (37.31) but looking for a break over that to give us the buy as it clears that resistance.
Volume: 16.744M Avg Volume: 15.537M
BUY POINT: $37.88 Volume=23M Target=$43.65 Stop=$35.98
POSITION: NAY GG - July $35c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/nok.html
Play Date: 02/12/2008
VIP (Vimple Communication--$36.67; +1.89; optionable): Russian wireless telecom
http://biz.yahoo.com/p/v/vip.html
EARNINGS: Late February
STATUS: Double bottom. Strong volume Tuesday as VIP gapped higher, clearing the 50 day EMA (35.67) on the move but stalling after tapping the 50 day SMA on the high (37.50). After a strong run from August it has fallen into the current 7 week base, setting up for the next run higher. Tuesday it just cleared the 'hump' in the pattern. Looking to move in as it continues the move higher.
Volume: 4.429M Avg Volume: 4.004M
BUY POINT: $37.68 Volume=6M Target=$44.95 Stop=$35.45
POSITION: VIQ GG - July $35c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/vip.html
Downside:
Play Date: 02/12/2008
CAM (Cooper Cameron--$40.28; -0.41; optionable): Oil and gas service company
http://biz.yahoo.com/p/c/cam.html
EARNINGS: Announced 1-31-08
STATUS: Put. Gapped lower on earnings in late January then rebounded to test the 10 day EMA (40.78). It dumped back down last week, and then fought back up to the 10 day EMA on Monday and Tuesday, showing a doji Tuesday as it tried to move through that level but then reversed to close lower. Looking for a turn down from here to move in on another run in the downtrend below the 10 day EMA. A move to the target lands a 48%ish gain.
Volume: 3.522M Avg Volume: 4.72M
BUY POINT: $39.84 Volume=4.8M Target=$37.32 Stop=$40.91
POSITION: CAM OH - Mar. $40p (-43 delta)
http://www.investmenthouse.com/ci/cam.html
Play Date: 02/12/2008
NOV (National Oilwell--$60.82; +0.72; optionable): Oil and gas service
http://biz.yahoo.com/p/n/nov.html
EARNINGS: Announced 2-6-08
STATUS: Put. Will it be CAM or NOV that stalls first? NOV crashed the 200 day SMA (62.26) in mid-January, reclaimed it to end the month, but then crashed it again last week. Another rebound to test this week, tapping right at the 200 day on the Tuesday high before reversing to give up almost all of the move as it sits at the 10 day EMA. Looking for it to turn down from this intraday reversal and give us another downside move. Doesn't have to break any new ground to give us a nice 44% gain to the target.
Volume: 7.187M Avg Volume: 6.068M
BUY POINT: $59.88 Volume=7.4M Target=$55.85 Stop=$61.11
POSITION: NOV OL - Mar. $60p (-42 delta)
http://www.investmenthouse.com/ci/nov.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.
|
stock recommendation
stock investment information
|
