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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS:
Upside:
Upside: A very interesting mix of stocks stepping into position:
Play Date: 05/19/2008
CMZ (Compton Petroleum--$12.64; +0.58; no options): Oil and gas drilling, exploration
http://biz.yahoo.com/p/c/cmz.html
EARNINGS: 5-12-08
STATUS: Ascending. Volume jumped above average Monday as CMZ broke higher, clearing the highs at 12.25 that marked the top of its 12 week base formed making higher lows above the 50 day EMA (11.51). Part of a larger 13 month base that has set the foundation for a run toward the old high over 16 hit when CMZ became public in late 2005. Clearing that mid-2007 high is an important move, opening the door to a run at that prior high.
Volume: 316.902K Avg Volume: 221.206K
BUY POINT: $12.77 Volume=300K Target=$15.45 Stop=$11.88
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/cmz.html
Play Date: 05/19/2008
CNQR (Concur Technologies--$38.73; +1.10; optionable): Corporate expense management software
http://biz.yahoo.com/p/c/cnqr.html
EARNINGS: Announced 4-30-08
STATUS: Test breakout. Gapped higher Monday on strong volume, resuming the early May breakout move from its 17 week base. Reverse head and shoulders January through April, then a break higher to clear the base. It has tested back to near support at the 18 day EMA (36.36) and is making the next move higher on that strong trade. Money flow is surging ahead of the stock as well and we are ready to move in as CNQR continues this move higher. Top earnings growth rates to go along with this great pattern.
Volume: 1.561M Avg Volume: 770.702K
BUY POINT: $39.12 Volume=1M Target=$46.95 Stop=$37.21
POSITION: JCQ HG - Aug. $35c (73 delta), 141OI) &/or Stock
http://www.investmenthouse.com/ci/cnqr.html
Play Date: 05/19/2008
CRL (Charles River Labs--$65.00; -0.03; optionable): When you read the bio it talks about products and services assisting research. It breeds rats for lab testing.
http://biz.yahoo.com/p/c/crl.html
EARNINGS: Announced 5-6-08
STATUS: Double bottom w/handle breakout. Strong volume Friday as CRL broke sharply higher on a surge in above average volume, pushing past the early May highs hit on the move after earnings. Paused Monday, but is in excellent position to make the next break higher toward a new high after notching that level in January. Strong money flow is surging higher ahead of price, and looking for CRL to continue on.
Volume: 1.049M Avg Volume: 736.339K
BUY POINT: $65.72 Volume=1M Target=$75.65 Stop=$62.88
POSITION: CRL HM - Aug. $65c (54 delta, 34 OI) &/or Stock
http://www.investmenthouse.com/ci/crl.html
Play Date: 05/19/2008
ISIL (Intersil Holdings--$29.23; +1.08; optionable): Semiconductors
http://biz.yahoo.com/p/i/isil.html
EARNINGS: Announced 4-16-08
STATUS: Cup w/handle. Surging higher Monday, gapping up on the strongest volume in a month. Very nicely formed 8 month base with a great handle where the volume dried up to end April and early May. Excellent action and the chips are really moving well. ISIL is the next one to move well.
Volume: 4.349M Avg Volume: 2.651M
BUY POINT: $29.55 Volume=2.8M Target=$33.95 Stop=$27.84
POSITION: UFH GE - July $25c (86 delta) or UFH JF - Oct. $30c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/isil.html
Play Date: 05/19/2008
KWK (Quicksilver Resources--$39.55; +0.35; optionable): Independent oil and gas
http://biz.yahoo.com/p/k/kwk.html
EARNINGS: Announced 5-7-08
STATUS: 50 day EMA test. Made us a pile of cash on its last runs. KWK broke out in early February from a 12 week pattern. It surged then tested the 50 day EMA in late March. It held and rallied again for a dozen points. It has slipped back to test this month, coming back to tap at the 50 day EMA (38.50) on the intraday lows and snapping back. Just waiting for it to make a surge back over the 18 day EMA (40.14) on solid trade. Then we move in and catch the next run off this key support level.
Volume: 1.846M Avg Volume: 2.183M
BUY POINT: $40.32 Volume=3M Target=$47.95 Stop=$38.34
POSITION: KWK IH - Sept. $40c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/kwk.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 option
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