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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Play Date: 05/23/2008
CX (Cemex SA--$30.81; -0.41; optionable): Cement
http://biz.yahoo.com/p/c/cx.html
EARNINGS: Announced 4-21-08
STATUS: Test breakout. Ready to make another play on CX as it makes a nice test back to tap the 10 day EMA on the Friday low (30.35) and then rebounding to cut its losses. Nice surge off the consolidation above the 200 day SMA, setting up a new break higher as CX continues moving higher and forming up the right side of the 12 month base. Nice action and ready to move in as this pullback turns into the next bounce higher. Very nice.
Volume: 3.184M Avg Volume: 5.404M
BUY POINT: $31.38 Volume=7.5M Target=$37.89 Stop=$30.12
POSITION: CIZ JF - Oct. $30c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/cx.html
Play Date: 05/23/2008
LMNX (Luminex--$20.42; +0.12; optionable): Medical instruments
http://biz.yahoo.com/p/l/lmnx.html
EARNINGS: Announced 5-8-08
STATUS: Ascending triangle. Some big 'get ready' spikes the past week as LMNX tightens up in its 7 week triangle formed using the 50 day EMA (19.25) as support below the constant top at 21. This is the tail end of a large 19 month base, preparing LMNX for the breakout to a new 6-year high. Strong money flow is leading the way higher, and with LMNX pinching off in its base it looks close to making the breakout. More defensive but a great pattern and LMNX can run just like any growth stock.
Volume: 328.448K Avg Volume: 275.738K
BUY POINT: $21.11 Volume=450K Target=$25.45 Stop=$19.88
POSITION: UQV GD - July $20c (60 delta, 65 OI) &/or Stock
http://www.investmenthouse.com/ci/lmnx.html
Play Date: 05/23/2008
MR (Mindray Medical Intl.--$38.72; +1.33; optionable): Chinese medical instruments
http://biz.yahoo.com/p/m/mr.html
EARNINGS: 5-7-08
STATUS: Reverse head and shoulders. Volume spiked well above average Friday as MR jumped off the 200 day SMA test, ready to resume the early May breakout (earnings driven) of a 5 month base. Gapped over the 200 day on earnings, tested back to support, and is now on the way up again. Looks very nice after this long base. MR made us great money in 2007, and looks ready to do so again.
Volume: 1.132M Avg Volume: 738.316K
BUY POINT: $39.31 Volume=1M Target=$47.42 Stop=$37.21
POSITION: MR JH - Oct. $40c (55 delta) or MR GG - July $35c (81 delta) &/or Stock
http://www.investmenthouse.com/ci/mr.html
Play Date: 05/23/2008
PKI (Perkinelmer--$28.41; +0.42; optionable): Medical instruments
http://biz.yahoo.com/p/p/pki.html
EARNINGS: Announced 4-24-08
STATUS: Test breakout. PKI broke higher two weeks back from an 8 month cup with handle base, then spent last week testing the move, coming back to tap intraday at the 18 day EMA on Thursday. Strong break higher Friday on strong, above average volume. All in a down market. Very nice with strong money flow leading the way higher.
Volume: 1.471M Avg Volume: 1.062M
BUY POINT: $28.82 Volume=1.2M Target=$33.32 Stop=$27.42
POSITION: PKI IE - Sept. $25c (71 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/pki.html
Play Date: 05/23/2008
SDA (Sadia S.A.--$23.53; +0.83; optionable): Meat products
http://biz.yahoo.com/p/s/sda.html
EARNINGS: 7-30-08
STATUS: Ascending base. SDA has formed a 4 week ascending pattern up the 18 day EMA as it consolidates the late April breakout from a 6 month saucer base. Very solid upside volume spikes all during the short consolidation; good indication of the next breakout move to come. Strong money flow is leading higher. Good action Friday in a weak market: you have to eat no matter what the economy.
Volume: 753.903K Avg Volume: 616.783K
BUY POINT: $23.88 Volume=1M Target=$28.95 Stop=$22.32
POSITION: SDA IX - Sept. $22.50c (64 delta, 83 OI) or SDA ID - Sept, $20c (79 delta) &/or Stock
http://www.investmenthouse.com/cd/sda.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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