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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
New Plays:
Play Date: 05/03/2008
ACI (Arch Coal--$59.25; +3.41; optionable): Coal
http://biz.yahoo.com/p/a/aci.html
EARNINGS: Announced 4-12-08
STATUS: Test breakout. Surged higher on earnings, clearing a 14 week base and rallying just over 85 on the move. Has spent the past two weeks testing, and unlike many energy stocks, ACI did not break down, just tested easily, holding the 18 day EMA (79.37), its near support. Volume jumped Thursday as it tested and rebounded. Very nice action and just waiting for the break higher on strong trade.
Volume: 4.707M Avg Volume: 5.285M
BUY POINT: $59.68 Volume=5.5M Target=$71.75 Stop=$55.54
POSITION: ACI GL - July $60c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/aci.html
Play Date: 05/03/2008
IO (Input/Output--$15.72; -0.08; optionable): Oil and gas technical instruments
http://biz.yahoo.com/p/i/io.html
EARNINGS: 5-6-08
STATUS: Double bottom w/handle. Spending the past two weeks working on a nice handle to its 11 month base, moving laterally along the 10 day EMA in a very tight range. Excellent set up for a breakout to a 9 year high. Very nice set up.
Volume: 579.433K Avg Volume: 661.967K
BUY POINT: $16.26 Volume=1M Target=$19.48 Stop=$15.31
POSITION: IO HC - Aug. $15c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/io.html
Play Date: 05/03/2008
RIG (Transocean--$151.92; +6.16; optionable): Oil and gas offshore drilling
http://biz.yahoo.com/p/r/rig.html
EARNINGS: 5-7-08 before the open
STATUS: Test 50 day EMA. One of the strongest offshore drillers. RIG broke higher in mid-April, clearing a 15 week ascending base and rallying to 160. It then sold back the past two weeks to key support at the 50 day EMA (144) in all of the turmoil in commodities. Nice lower volume test that showed higher volume on the actual 50 day EMA test. That shows us that buyers were stepping in to support it as it traded down to that level. Nice bounce Friday, and looking to move in as it continues this rebound move.
Volume: 5.817M Avg Volume: 6.404M
BUY POINT: $152.55 Volume=7M Target=$175.75 Stop=$148.89
POSITION: RIG HJ - Aug. $150c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/rig.html
Play Date: 05/03/2008
SOL (ReneSola Ltd.--$15.95; +0.33; optionable): Chips for solar power
http://biz.yahoo.com/p/s/sol.html
STATUS: Test 18 day EMA. A new issue in late January, SOL formed a quick 10 week base right out of the box. It gapped higher mid-April and rallied to 19. It has tested the past 2 weeks, holding the 18 day EMA (15.68) Thursday and Friday. Excellent test and in position to make the next move higher in its breakout.
Volume: 981.116K Avg Volume: 1.139M
BUY POINT: $16.67 Volume=1.2M Target=$22.95 Stop=$15.57
POSITION: SOL GC - July $15c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/sol.html
Play Date: 05/03/2008
VMI (Valmont Industries--$102.57; +2.75; optionable): Material fabrication
http://biz.yahoo.com/p/v/vmi.html
EARNINGS: 7-17-08
STATUS: Test breakout. VMI surged out of a very nice 6.5 month double bottom with handle in mid-April on its earnings results. That move dapped a strong March to April run and it needed to test. It ahs come back to the 18 day EMA (98.84) the past two weeks, working laterally for a week and then starting back up Thursday and Friday on rising, above average volume. Nice move Friday. Great test and ready to move in as it continues the bounce off of the 18 day EMA and also the highs in the base from October, December/January.
Volume: 450.841K Avg Volume: 389.959K
BUY POINT: $102.89 Volume=572K Target=$120.95 Stop=$98.68
POSITION: VMI IT - Sept. $100c (54 delta, low OI) &/or Stock
http://www.investmenthouse.com/cd/vmi.html
Play Date: 05/03/2008
WFT (Weatherford International--$81.00; +2.45; optionable): Oil and gas service company
http://biz.yahoo.com/p/w/wft.html
EARNINGS: Announced 4-12-08
STATUS: Test 18 day EMA. Broke out early April from a 12 week ascending base, rallying to 85 on the move. This is its test of that breakout move, coming back to the 18 day EMA (79.37) the past two weeks, riding laterally on lower volume during the 'issues' for the commodities and energy stocks. Excellent set up for a move higher as volume surged Thursday on a reach lower and then a strong rebound. Excellent strength, and as it continues its rebound we are ready to move in.
Volume: 3.4M Avg Volume: 4.419M
BUY POINT: $81.91 Volume=6M Target=$97.95 Stop=$78.44
POSITION: WFT HP - Aug. $80c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/wft.html
New buy point on continuing play:
Play Date: 05/03/2008
BIDU (Baidu.com--$361.50; -8.50; optionable): Chinese search
http://biz.yahoo.com/p/b/bidu.html
EARNINGS: Announced 4-24-08
STATUS: Cup w/handle. BIDU is setting up again, working laterally last week just below 375, waiting for the rising 10 day EMA (354) to catch up with it. Nice low volume as it rests ahead of the breakout from its 16 week base. Strong like bull. Just waiting for the next break higher.
Volume: 4.118M Avg Volume: 7.536M
BUY POINT: $374.11 Volume=11M Target=$424.95 Stop=$367.45
POSITION: BPJ IH - Sept. $380c (53 delta)
http://www.investmenthouse.com/ci/bidu.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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