|
|
trade stock, stock trading site
Begin part 3 of 3
THE PLAYS:
New Post-Split Plays:
Play Date: 03/04/2008
IMO (Imperial Oil Ltd.--$55.80; -0.79; optionable): Oil and gas refining
http://biz.yahoo.com/p/i/imo.html
EARNINGS: 5-1-08
STATUS: Double bottom w/handle. Moving laterally and fading back to the 10 day EMA (55.30) the past week, forming a handle to its 16 week base formed after running to a new high in early November. Needed the base, and this is a kingly looking base. Looking for high volume off of the 10 day EMA; there was very strong trade Monday as it tested lower and then rebounded.
Volume: 573.889K Avg Volume: 360.702K
BUY POINT: $57.55 Volume=500K Target=$66.31 Stop=$54.55
POSITION: IMO EK - May $55c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/imo.html
New Pre-Announcement Play:
Play Date: 03/03/2008
CPRT (Copart--$42.28; +0.62; optionable): Auto parts salvage
http://biz.yahoo.com/p/c/cprt.html
EARNINGS: 3-6-08
STATUS: Double bottom w/handle. Strong volume the past week as CPRT surged higher off the second bottom in its 9 week base. CPRT has a habit of performing well in weaker economies; we played it frequently in 2001 during the official recession. Very nice pattern. Money flow is surging up ahead of price, and we are looking for a break higher to step into this very nicely formed base.
Volume: 769.045K Avg Volume: 588.616K
BUY POINT: $42.92 Volume=750K Target=$49.75 Stop=$40.38
POSITION: KQJ EH - May $30c (67 delta) &/or Stock
http://www.investmenthouse.com/cs/cprt.html
New Leader Play:
Play Date: 03/04/2008
TX (Ternium--$37.86; +0.60; optionable): Steel and iron
http://biz.yahoo.com/p/t/tx.html
STATUS: Cup w/handle. Faded back the past week and one-half to the 18 day EMA (37.37), forming a handle to its 11 week base that used the 200 day SMA on the lows as support. A new issue in mid-2006; like relatively new issues. It hit a new high in early December and needed a base. Nice base at that. Good low volume on this test of near support after some really strong volume broke it higher two weeks back. Just looking for that volume bump again as it starts back up to show us the buyers are jumping in.
Volume: 250.777K Avg Volume: 408.873K
BUY POINT: $39.11 Volume=613K Target=$44.95 Stop=$26.97
POSITION: TX EH - May $40c (44 delta) &/or Stock
http://www.investmenthouse.com/ci/tx.html
New buy point on current position:
Play Date: 03/03/2008
AKS (AK Steel Holding--$52.72; +0.10; optionable): Steel and iron
http://biz.yahoo.com/p/a/aks.html
EARNINGS: Announced 1-22-08
STATUS: Test breakout. Nice tap of the 10 day EMA (51.88) Monday and then a bounce positive; barely. Nice test the past four sessions following that mid-February breakout from its 15 week double bottom with handle base. Very nice action; a leader in its field. Ready to move in with more positions as it continues higher on rising trade.
Volume: 2.456M Avg Volume: 3M
BUY POINT: $53.31 Volume=4.5M Target=$61.38 Stop=$51.21
POSITION: AKS FJ - June $50c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/aks.html
Downside:
Play Date: 03/03/2008
DXD (ProShares DJ30 UltraShort ETF--$57.82; +0.17; optionable)
http://biz.yahoo.com/p/d/dxd.html
STATUS: Double bottom. Don't want to leave out the downside given the indices are testing the bottom of their trading ranges. DXD jumped Friday as DJ30 sold. It paused Monday as DJ30 held basically steady. Looking for the next big break lower by DJ30 to send DXD higher and give us a nice buy point.
Volume: 4.956M Avg Volume: 5M
BUY POINT: $58.92 Volume=7.5M Target=$64.95 Stop=$56.23
POSITION: DXD DF - Apr. $58c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/dxd.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.
|
trade stock
stock trading site
|
