|
|
stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside: Some nice upside bases.
Play Date: 02/20/2008
CRZO (Carrizo Oil & Gas--$54.71; +1.24; optionable): Independent oil and gas
http://biz.yahoo.com/p/c/crzo.html
EARNINGS: Announced 2-18-08
STATUS: Double bottom w/handle. Nice gap higher last week to finish the right side of the base, then moving laterally in a tight, narrow range this week, letting the 10 day EMA (52.57) catch up to it. Volume shot higher again Wednesday on the upside, and looking for WDC to continue higher and give us the breakout and entry point. Very nice.
Volume: 768.61K Avg Volume: 358.631K
BUY POINT: $55.48 Volume=475K Target=$63.95 Stop=$52.45
POSITION: QOW GK - July $55c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/crzo.html
Play Date: 02/20/2008
CSX (CSX Corp.--$50.59; +1.79; optionable): Railroads
http://biz.yahoo.com/p/c/csx.html
EARNINGS: 4-15-08
STATUS: Double bottom w/handle. CSX made us some money on the January rally, and it is setting up to make us some serious cash here. Very nice 6 month base is starting the breakout move on rising, above average volume, moving off the handle formed this month that used the 18 day EMA as support. Money flow is running higher and CSX looks as if it is on rails, ready to move.
Volume: 7.231M Avg Volume: 6.055M
BUY POINT: $50.88 Volume=9M Target=$58.95 Stop=$47.92
POSITION: CSX EJ - May $50c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/csx.html
Play Date: 02/20/2008
DRYS (Dryships--$81.73; -2.12; optionable): Bulk Shipping
http://biz.yahoo.com/p/d/drys.html
EARNINGS: Announced 2-14-08
STATUS: Reverse head and shoulders. Made us some money on its last run when we sold it on its earnings announced that gapped it over the 90 day SMA (85.45). It could not hold that move, reversing that day. It has come back to test, tapping the 10 day EMA (78.44) on the Wednesday low and rebounding to recoup its losses. Lower volume test of near support. Now we look for it to surge back up past the 90 day SMA to give us the buy. Why that move? Because the 90 day stalled it the last three times it tried it, i.e. the last three sessions.
Volume: 5.143M Avg Volume: 4.528M
BUY POINT: $85.65 Volume=6.8M Target=$99.50 Stop=$82.33
POSITION: DQR FQ - June $85c (45 delta) &/or Stock
http://www.investmenthouse.com/ci/drys.html
Play Date: 02/20/2008
WDC (Wester Digital--$30.64; +1.15; optionable): Data storage
http://biz.yahoo.com/p/w/wdc.html
EARNINGS: 1-23-08
STATUS: Cup w/handle. Strong volume surging well above average the past two sessions as WDC breaks higher from its 11 week base that formed using the 200 day SMA (23.84) on the lows. Heading for an 11 year high on this move, and with this volume and strong money flow leading the way it will get there.
Volume: 7.078M Avg Volume: 4.848M
BUY POINT: $30.91 Volume=5M Target=$36.95 Stop=$28.75
POSITION: WDC GF - July $30c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/wdc.html
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.
|
stock recommendation
stock investment information
|
