|
|
stock recommendation, stock pick
Begin part 3 of 3
THE PLAYS:
New Plays:
Play Date: 05/12/2008
DSX (Diana Shipping--$33.62; +1.04; optionable): Shipping
http://biz.yahoo.com/p/d/dsx.html
EARNINGS: 5-14-08 time not verified
STATUS: Double bottom w/handle. Nice lateral move the past week over the 10 day EMA after Diana broke over the February peak, the 'hump' in its 6.5 month base. Big mover in October 2007 on a big breakout, and DSX is set up after this nice base to make another strong run. Volume is up the past week; like swelling volume as DSX sets up for the move. Looks very good and though it is an earnings play we are willing to move in ahead of the announcement.
Volume: 1.776M Avg Volume: 1.407M
BUY POINT: $34.12 Volume=2.1M Target=$42.95 Stop=$32.11
POSITION: DSX IF - Sept. $30c (72 delta) &/or Stock
http://www.investmenthouse.com/ci/dsx.html
Play Date: 05/12/2008
EXM (Excel Maritime Carriers--$50.52; +5.37; optionable): Shipping
http://biz.yahoo.com/p/e/exm.html
EARNINGS: 5-19-08, no time given
STATUS: Double bottom w/handle breakout. Surging on strong volume Monday as EXM breaks over the highs in the handle to its 7 month base. Big volume the past month as EXM moved up to form the last part of its base and then the big Monday volume as it surged higher. Strong break and looking to take some positions as it continues higher, and then add to the position when it tests this breakout move. Very nice base, very strong break higher.
Volume: 3.19M Avg Volume: 1.184M
BUY POINT: $50.78 Volume=1.5M Target=$74.95 Stop=$47.23
POSITION: EXM IJ - Sept. $50c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/exm.html
Play Date: 05/12/2008
SINA (Sina.com--$51.05; +3.05; optionable): Chinese internet services
http://biz.yahoo.com/p/s/sina.html
EARNINGS: 5-14-08 after the close
STATUS: Double bottom w/handle. Strong breakout Monday as SINA clears the handle in its 7 month base. Excellent pattern and volume started to head up ahead of the price, showing it was under accumulation. Surging money flow is leading the move higher and we are looking to take some positions on a continued move higher then see how earnings come out and pick up some more on a successful test. Chinese stocks are performing quite well as an emerging leadership group.
Volume: 2.63M Avg Volume: 1.226M
BUY POINT: $51.39 Volume=1.3M Target=$59.95 Stop=$47.95
POSITION: NOQ IJ - Sept. $50c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/sina.html
Play Date: 05/12/2008
XIDE (Exide Tech--$14.13; +0.66; optionable): Industrial electrical equipment
http://biz.yahoo.com/p/x/xide.html
STATUS: Test 50 day EMA. After a February breakout form a 7 month base, XIDE rallied up the 18 day EMA (now at 14.19), making 4 runs up that near term support and almost doubling before needing a deeper test to reset and continue the move. It came back to the 50 day EMA (13.23) on that test, holding above that level the past week. Monday volume jumped as XIDE jumped off this support. Looking to move in as XIDE continues higher off the test of this support, looking for it to continue the run up the near support.
Volume: 1.529M Avg Volume: 1M
BUY POINT: $14.28 Volume=1.2M Target=$17.24 Stop=$13.28
POSITION: FRU IC - Sept. $15c (51 delta) &/or Stock
http://www.investmenthouse.com/cd/xide.html
New buy point on current position:
Play Date: 05/12/2008
BBD (Banco Bradesco--$23.33; +0.64; optionable): Foreign regional banks
http://biz.yahoo.com/p/b/bbd.html
EARNINGS: Announced 4-29-08
STATUS: Breakout test. Surged higher to end April and begin May, surging up to 24 on the high before testing back to the 18 day EMA (22.52) the past week. Already banked some gain on this puppy, and ready to move in as it bounces back up from this test to continue its breakout run. Have to like that.
Volume: 8.232M Avg Volume: 9.665M
BUY POINT: $23.48 Volume=10M Target=$27.95 Stop=$22.39
POSITION: BBD IX - Sept. $22.50c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/bbd.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.
|
stock recommendation
stock pick
|
