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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 04/08/2008
HGT (Hugoton Royalty Trust--$28.16; -0.04; optionable): Gas production, nice dividend
http://biz.yahoo.com/p/h/hgt.html
EARNINGS: Third week of May
STATUS: Test 50 day EMA. HGT broke out from a 9 month double bottom base in February and rallied close to 30. It spend March testing, coming back to support at the key 50 day EMA (27.16) where it held support and bounced. Strong volume Monday as a lateral move along the 50 day turned into the rebound for a new breakout run we anticipate. Took a lower volume day off Tuesday, but still ready to rise and we are ready to move in as it does.
Volume: 132.417K Avg Volume: 215.217K
BUY POINT: $28.57 Volume=250K Target=$32.95 Stop=$27.66
POSITION: HGT HE - Aug. $25c (77 delta) &/or Stock
http://www.investmenthouse.com/ci/hgt.html
Play Date: 04/08/2008
OSTK (Overstock.com--$14.66; +1.39; optionable): Overstocked, unsold retail
http://biz.yahoo.com/p/o/ostk.html
EARNINGS: Last week of April
STATUS: Double bottom w/handle. Volume is surging the past two sessions as OSTK breaks out from a 13 week double bottom formed at the bottom of a much longer and deeper 6 month base. Not looking for a long engagement here, just a run up near the 200 day SMA (19.78) where there is a raft of resistance. That will turn us a nice profit on that move, however.
Volume: 542.229K Avg Volume: 313.113K
BUY POINT: $14.88 Volume=450K Target=$19.55 Stop=$13.97
POSITION: QKT FC - June $15c (56 delta) &/or Stock
http://www.investmenthouse.com/cd/ostk.html
Play Date: 04/08/2008
SPWR (SunPower Corp.--$89.95; +3.51; optionable): Solar electric power technologies
http://biz.yahoo.com/p/s/spwr.html
EARNINGS: 4-17-08
STATUS: Double bottom. Looks as if SPWR is forming something of a handle here just after moving over the 'hump' in the 14 week base at the 200 day SMA (87.10). Nice strong volume on the Friday move over the 200 day and lower volume as it tests. Big mover in 2007, big test, good base formed. Looking for the next upside day on strong volume to move into this stock and ride it. Plenty of upside to move without ever having to plow new ground.
Volume: 3.241M Avg Volume: 4.542M
BUY POINT: $91.08 Volume=5.6M Target=$128.88 Stop=$85.44
POSITION: QSU FR - June $90c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/spwr.html
Play Date: 04/08/2008
V (Visa, Inc.--$68.09; +3.05; optionable): Credit services
http://biz.yahoo.com/p/v/v.html
EARNINGS: 4-28-08
STATUS: Ascending base. A new issue in March, V pulled back and is now starting its next run. MA is a powerhouse in the field and want to spread it out into another stock that is looking very strong with solid upside volume on the upside moves.
Volume: 13.491M Avg Volume: 28.529M
BUY POINT: $68.44 Volume=30M Target=$81.95 Stop=$63.65
POSITION: V FU - June $67.50c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/v.html
New Buy Points on Continuing Positions:
Play Date: 04/08/2008
GILD (Gilead Sciences--$51.88; -0.18; optionable): Biotechnology
http://biz.yahoo.com/p/g/gild.html
EARNINGS: Third week of April
STATUS: Test breakout. GILD is making the second test of its late March breakout from its 10 week double bottom with handle base. Second test of the 10 day EMA (51.33) after the breakout to a new all-time high. Nice low volume lateral move as the 10 day EMA rises up to meet it. When it gets there that is the move that will likely send it higher.
Volume: 5.262M Avg Volume: 9.968M
BUY POINT: $53.05 Volume=11M Target=$59.95 Stop=$50.88
POSITION: GDQ HX - Aug. $52.50c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/gild.html
Play Date: 04/08/2008
HCBK (Hudson City Bancorp--$17.89; -0.27; optionable): Savings and loans
http://biz.yahoo.com/p/h/hcbk.html
EARNINGS: 4-22-08
STATUS: Test breakout. HCBK is making its second test of the breakout from a 6 month, two-tiered flat base. Strong surge on strong volume on the breakout, and this is the second test of the near support, this time coming back to the 18 day EMA (17.78) on lower trade. Tapped that level on the Tuesday low and bounced modestly. Strong money flow is holding up even as it tests. Now looking for the bounce off the 18 day on strong volume to start new positions and continue to ride this breakout move.
Volume: 9.279M Avg Volume: 9.77M
BUY POINT: $18.31 Volume=10M Target=$21.42 Stop=$17.69
POSITION: KHQ GW - July $17.50c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/hcbk.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.
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stock recommendation
stock investment information
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