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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
New Plays:
Play Date: 04/30/2008
BBD (Banco Bradesco--$22.58; +1.58; optionable): Foreign regional banks
http://biz.yahoo.com/p/b/bbd.html
EARNINGS: Announced 4-29-08
STATUS: Double bottom w/handle. This is more of the 'flying W' brand of this pattern with the second bottom higher than the first, but it is still quite effective. We looked at it last week and it faded ahead of earnings; didn't want to get involved just before the report given its action. Earnings were solid and Wednesday BBD broke higher on strong volume, moving out of its 19 week base. Ready to move to a new high and ready to move in with it.
Volume: 17.053M Avg Volume: 9.721M
BUY POINT: $22.74 Volume=10M Target=$27.31 Stop=$21.15
POSITION: BBD IX - Sept. $22.50c (56 delta, 81 OI) &/or Stock
http://www.investmenthouse.com/ci/bbd.html
Play Date: 04/30/2008
BRCM (Broadcom--$25.96; -0.56; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/b/brcm.html
EARNINGS: Announced 4-22-08
STATUS: Test breakout. BRCM made us some nice coin on its run off of the breakout from its 6 month downtrend. It rallied up to the 200 day SMA (28.18) then needed to test, coming back toward the 10 day EMA (25.42) this week. Looking for BRCM to complete the test of the 10 day and then rebound from there and give us a new buy point as it continues its trend reversal move.
Volume: 21.211M Avg Volume: 15.818M
BUY POINT: $26.08 Volume=23M Target=$31.95 Stop=$25.24
POSITION: RCQ HE - Aug. $25c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/brcm.html
Play Date: 04/30/2008
CSIQ (Canadian Solar--$27.37; +2.29; optionable): Solar circuits
http://biz.yahoo.com/p/c/csiq.html
EARNINGS: 5-13-08
STATUS: Double bottom w/handle. Looking again at CSIQ as it made one more test of the 50 day EMA in a shakeout in its handle and started back up. Strong volume Wednesday as FSLR reported strong earnings; that moved CSIQ sharply upside, taking it toward the breakout from its 4 month nicely formed base. Strong pattern and strong action, looking for a continued move to step in.
Volume: 2.873M Avg Volume: 1.801M
BUY POINT: $28.08 Volume=2M Target=$33.95 Stop=$26.11
POSITION: GQA GE - July $25c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/csiq.html
Play Date: 04/30/2008
JRJC (China Finance Online--$18.45; -0.43; optionable): Online financial services (company information)
http://biz.yahoo.com/p/j/jrjc.html
EARNINGS: Late May
STATUS: Double bottom. Nice run higher on volume last week that formed the second bottom in its rather long 7 month base. This base formed after a screaming run higher last September that saw JRJC more than quadruple. Too fast, and it needed to recover after burning itself out. It is in the process of starting back up after the long base, rallying to the 200 day SMA (19.73) and testing back on low trade. Looking for volume to surge once again as JRJC breaks through the 200 day SMA resistance.
Volume: 831.855K Avg Volume: 1.213M
BUY POINT: $19.86 Volume=1.8M Target=$24.95 Stop=$18.47
POSITION: JQJ ID - Sept. $20c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/jrjc.html
Good Investing!
Jon L. Johnson and your IH Alerts 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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