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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 03/13/2008
BIDU (Baidu.com--$268.09; -5.55; optionable): Chinese search
http://biz.yahoo.com/p/b/bidu.html
EARNINGS: Announced 2-13-08
STATUS: Cup. Have been watching BIDU form up and then start to surge Wednesday on strong, above average volume, the first strong volume in a couple of weeks. It hit the 50 day EMA (274.75) and faded back, but closed right on top of the 200 day SMA on the Thursday close. Nice doji on the session indicates it is still ready to continue higher. It has been awhile since BIDU has been in play, but it has formed a nice rounded bottom (they are nice in many different situations) and has turned the corner. Looking for it to make the break through the 50 day and give us the buy.
Volume: 9.041M Avg Volume: 7.77M
BUY POINT: $275.21 Volume=10M Target=$345.00 Stop=$265.78
POSITION: BDU FX - June $280c (52 delta)
http://www.investmenthouse.com/ci/bidu.html
Play Date: 03/13/2008
JOYG (Joy Global--$70.55; +1.08; optionable): Farm and construction machinery
http://biz.yahoo.com/p/j/joyg.html
EARNINGS: Announced 3-6-08
STATUS: Ascending base. Announced earnings, enjoyed a strong session, then immediately dumped back to the 50 day EMA. It just as quickly rebounded, moving on strong volume all the way. Then it broke to new high territory Thursday on more solid, above average volume. Ready to move in as it continues higher out of its 11 week base.
Volume: 3.047M Avg Volume: 2.314M
BUY POINT: $71.21 Volume=3.1M Target=$81.95 Stop=$67.05
POSITION: JQY GN - July $70c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/joyg.html
New buy points on current positions:
Play Date: 03/13/2008
DO (Diamond Offshore--$125.12; +3.22; optionable): Offshore drilling
http://biz.yahoo.com/p/d/do.html
EARNINGS: Announced 2-7-08
STATUS: Double bottom w/handle. DO is working on a three week handle to its 11 week base, working laterally along the 50 day EMA (119.73), really looking good to put in its next break higher. It is throwing off some good upside price moves, but it needs a bit of volume to break it higher and give us a new high for that run back up near 150.
Volume: 1.702M Avg Volume: 2.698M
BUY POINT: $125.78 Volume=4M Target=$138.95 Stop=$119.68
POSITION: DO FE - June $125c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/do.html
Play Date: 03/13/2008
WFR (Memc Electronic--$83.24; +3.90; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/w/wfr.html
EARNINGS: Announced 1-24-08
STATUS: Ascending base. Volume jumping the past two sessions and WFR is doing the same, clearing the mid-February highs on the Thursday move. Ready to run back up to the old highs at 95 as it has cleared the key resistance and did it on big volume.
Volume: 7.107M Avg Volume: 5.666M
BUY POINT: $83.55 Volume=6M Target=$93.75 Stop=$79.88
POSITION: WFR GQ - July $85c (48 delta) &/or Stock
http://www.investmenthouse.com/ci/wfr.html
Good Investing!
Jon L. Johnson and your Technical Traders Report 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
stock investment information
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