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Begin part 3 of 3
THE PLAYS:
New Post-Split Plays:
Play Date: 02/25/2008
DE (Deere & Co.--$88.99; +1.82; optionable): Farm and construction machinery
http://biz.yahoo.com/p/d/de.html
EARNINGS: 5-14-08
STATUS: Ascending base. Volume starting to pick up on the upside after DE bounced off the 90 day SMA (83) and moved through the 50 day EMA (85), tested, and then started back up. A rather ragged 11 week base, but as with the market, it has made higher lows and is ready to try the early February high (90.49). A break over that level on continued improving volume is a buy.
Volume: 54.523M Avg Volume: 5.5M
BUY POINT: $90.65 Volume=8.2M Target=$103.95 Stop=$85.91
POSITION: DE FR - June $90c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/de.html
Play Date: 02/25/2008
FCSX (FCStone Group--$46.91; +3.01; optionable): Investment brokerage
http://biz.yahoo.com/p/f/fcsx.html
EARNINGS: Announced 1-14-08
STATUS: Cup. FCSX got some strong, above average volume and surged off the 90 day SMA Monday, starting to build the right side of a 6 week base. Not quite a year old, FCSX has shown it can be a real powerhouse. After this base it is set up well and ready to take some positions as it continues this move higher toward a new high, and if it tests and forms some sort of handle, we can use that as an entry point for additional positions.
Volume: 919.939K Avg Volume: 586.234K
BUY POINT: $47.21 Volume=600K Target=$54.95 Stop=$44.77
POSITION: QGD GI - July $45c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/fcsx.html
Play Date: 02/25/2008
HAL (Halliburton--$37.09; +0.93; optionable): Oil and gas service company
http://biz.yahoo.com/p/h/hal.html
EARNINGS: Announced 1-28-08
STATUS: Double bottom. HAL is working on an 18 week base; rather skewed and violent, but double bottoms are the 'scare them out' type of bases versus the slow moving 'grind them out' ones. Big plunge to start the year and form the second leg, rebounding up to mid-February where it ran into the 200 day SMA (36.30) where it stalled. It did not fall, however, just moved laterally over the 200 day on lower volume and then broke higher Monday and clearing the recent high on strong, above average volume, the best in a month. Like that money surge and ready to move in as HAL continues its break higher.
Volume: 16.831M Avg Volume: 13.2M
BUY POINT: $37.55 Volume=15M Target=$42.95 Stop=$36.11
POSITION: HAL GT - July $37.50c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/hal.html
New Pre-Announcement Play:
Play Date: 02/25/2008
FCX (Freeport McMoran--$100.56; +1.20; optionable): Copper
http://biz.yahoo.com/p/f/fcx.html
EARNINGS: Announced 1-23-08
STATUS: Double bottom. Gapped higher last week, clearing the 50 day EMA (94.50) and moving over the 90 day SMA (99.10) Thursday. It is testing, moving laterally over that level on the close after testing lower intraday and recovering. After this test we are looking for this leader in the 2007 rally to resume the break higher, and that is when we move into positions.
Volume: 10.125M Avg Volume: 12.143M
BUY POINT: $102.95 Volume=15M Target=$118.95 Stop=$97.88
POSITION: FCX ET - May $100c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/fcx.html
New Leader Play:
Play Date: 02/25/2008
USO (United States Oil Fund ETF--$78.73; +0.13; optionable)
http://biz.yahoo.com/p/u/uso.html
STATUS: Test breakout. Test breakout. Boone Pickens may be shorting oil, but this certainly is a technical breakout from a 13 week trading range. It looked as if oil was going to break lower to start February, but it found its footing again and surged up to the top of the range, gapping out of the pattern last Tuesday. It has since worked laterally, resting and consolidating the move but not giving any of it up. That shows its staying power, and we are just waiting for a new break higher on this move to enter the play.
Volume: 2.598M Avg Volume: 3.65M
BUY POINT: $79.48 Volume=4.5M Target=$91.45 Stop=$76.55
POSITION: UNA GA - July $79c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/uso.html
Good Investing!
Jon L. Johnson and the Stock Split Report 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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