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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS:
Pre-Announcement:
Play Date: 05/21/2008
TMO (Thermo Fisher Scientific--$59.04; +0.69; optionable): Analytical instruments, equipment, reagents, software, etc. for R&D, manufacturing, diagnostics, etc.
http://biz.yahoo.com/p/t/tmo.html
EARNINGS: Announced 4-24-08
STATUS: Ascending triangle. Volume swelling above average the past two sessions as TMO knocks at the door of a 5 month ascending base, making higher and higher lows below a constant top at 59ish. Tried the breakout territory intraday on Wednesday then came back as the market sold off. That is about all it did; it is ignoring the market as it sets up for the breakout. Strong money flow is leading the way.
Volume: 3.17M Avg Volume: 2.734M
BUY POINT: $59.75 Volume=4M Target=$67.95 Stop=$57.45
POSITION: TMO IL - Sept. $60c (49 delta) &/or Stock
http://www.investmenthouse.com/ct/tmo.html
Leaders:
Play Date: 05/21/2008
BG (Bunge Ltd.--$118.44; -3.90; optionable): Soy Beans
http://biz.yahoo.com/p/b/bg.html
EARNINGS: Announced 4-24-08
STATUS: Reverse head and shoulders. Has quietly set up a 20 week accumulation base, working laterally the past 5 weeks, forming the right shoulder to its base. Needed a nice accumulation patern after the breakout and run from last summer through January. Making a low volume test the past two sessions, holding at the 18 day EMA Wednesday after a strong Monday break higher. Money flow is strong and ready to play BG as it makes the break higher out of this pattern.
Volume: 1.764M Avg Volume: 2.924M
BUY POINT: $121.31 Volume=4M Target=$139.95 Stop=$117.65
POSITION: BG GD - July $120c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/bg.html
Play Date: 05/21/2008
DRYS (Dryships--$102.36; +3.11; optionable): Shipping, bulk
http://biz.yahoo.com/p/d/drys.html
EARNINGS: Announced 5-19-08
STATUS: Test breakout. Made us some money on its last run as DRYS sailed higher on strong volume. It was sold this week on high volume as the shippers gave up some ground, but DRYS held the 10 day EMA (99.86) Tuesday and then showed a tight doji there Wednesday. That looks a lot like the first test of the breakout from its 7 month double bottom with handle base. That means we look for a solid bounce off this level to give us a buy for a new position and the run toward the October high up at 130.
Volume: 9.217M Avg Volume: 4.349M
BUY POINT: $104.74 Volume=7.5M Target=$134.95 Stop=$99.66
POSITION: DQR IA - Sept. $105c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/drys.html
Good Investing!
Jon L. Johnson and the Stock Split Report 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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us stock market
stock recommendation
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