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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 04/09/2008
APC (Anadarko Petroleum--$65.21; -0.02; optionable): Natural gas exploration and production
http://biz.yahoo.com/p/a/apc.html
EARNINGS: 5-6-08
STATUS: Ascending base. Strong volume Wednesday, above average and the strongest in a month as APC took a stab a breaking past the March highs and out of its 14 week base. Natural gas stocks are ready to breakout as natural gas versus the price of oil is underpriced. Ready to make the break and move to a new high after a nice consolidation has set it up for a nice burst higher.
Volume: 6.694M Avg Volume: 5.504M
BUY POINT: $66.45 Volume=7M Target=$76.55 Stop=$63.91
POSITION: APC HM - Aug. $65c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/apc.html
Play Date: 04/09/2008
DIA (Diamonds Trust (DJ30 EFT)--$125.65; -0.48; optionable)
http://biz.yahoo.com/p/d/dia.html
STATUS: Double bottom w/handle. The tracking ETF for DJ30, it is thus showing the same solid technical action of the blue chip index. All we have to do is wait for the breakout move.
Volume: 15.039M Avg Volume: 17.813M
BUY POINT: $126.64 Volume=20M Target=$131.15 Stop=$124.96
POSITION: DAW FV - June $126c (55 delta)
http://www.investmenthouse.com/ci/dia.html
Play Date: 04/09/2008
DO (Diamond Offshore--$126.00; +2.64; optionable): Offshore drilling
http://biz.yahoo.com/p/d/do.html
EARNINGS: 4-24-08
STATUS: Double bottom. Breaking over the February and March peaks that mark resistance as DO comes off the bottom of the 15 week base the used the 200 day SMA (114) as support. Volume was up Wednesday though it was still above average. Would really like to see the volume jump, but DO has run well and made us a lot of money in the past on low volume moves. Thus . . . we are willing to move in as DO continues higher and drills some more diamonds for us.
Volume: 2.029M Avg Volume: 2.519M
BUY POINT: $126.88 Volume=3.5M Target=$148.95 Stop=$123.48
POSITION: DO FE - June $125c (59 delga) &/or Stock
http://www.investmenthouse.com/ci/do.html
New buy points on current positions:
Play Date: 04/09/2008
AAPL (Apple Computer--$151.44; -1.40; optionable): iPods, iMacs, iPhones
http://biz.yahoo.com/p/a/aapl.html
EARNINGS: Cup w/handle. AAPL has already made us some nice scratch on its rally off its lows in its 15 week cup base. Showed a doji Monday and after a 20 point move since its last rest it deserved a pullback. It has come back on that test on declining volume, holding right at the 200 day SMA (150.65) on the low. Beautiful setup for the break higher and ready to move in as it does just that. Nice.
STATUS:
Volume: 31.211M Avg Volume: 47.066M
BUY POINT: $153.65 Volume=50M Target=$174.55 Stop=$149.88
POSITION: APV GK - July $155c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/aapl.html
Play Date: 04/09/2008
RIMM (Research in Motion--$118.16; -2.82; optionable): Blackberries
http://biz.yahoo.com/p/r/rimm.html
EARNINGS: 6-25-08
STATUS: Cup w/handle. After the nice surge to start the month and the accompanying strong volume, RIMM, just as AAPL, is pulling back to test, coming back on low volume to near support at the 10 day EMA (117). Volume has faded each session this week in the pullback to form the handle to its 5.5 month base. We already have positions in RIMM and it has already banked us some gain. No issue with focusing assets in strong winners. Ready to make the next move into the RIMM as it rebounds as volume turns back up.
Volume: 17.036M Avg Volume: 24.844M
BUY POINT: $121.55 Volume=35M Target=$144.95 Stop=$116.45
POSITION: RUL FD - June $120c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/rimm.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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