stock recommendation, stock option

Begin part 3 of 3

THE PLAYS:

Play Date: 05/28/2008
CE (Celanese--$48.34; +0.38; optionable): Chemicals
http://biz.yahoo.com/p/c/ce.html
EARNINGS: Announced 4-21-08
STATUS: Flying plateau. CE is making a second consolidation of its April break higher out of a 17 week base. Nice lateral consolidation over the 18 day EMA (47.06) is holding the gains as it did in late April; like it when a stock refuses to give up its gains. Ready to move in as CE continues its run higher.
Volume: 939.995K Avg Volume: 1.396M
BUY POINT: $48.88 Volume=1.8M Target=$55.95 Stop=$46.97
POSITION: CE II - Sept. $45c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/ce.html

Play Date: 05/28/2008
DNR (Denbury Resources--$34.35; -0.21; optionable): Independent oil and gas
http://biz.yahoo.com/p/d/dnr.html
EARNINGS: 8-5-08
STATUS: Test 18 day EMA. Big break higher in mid-May on strong volume as DNR moved out of a 4.5 month ascending triangle. Great breakout and now a test the past week, coming back to the 18 day EMA (34.15) where it closed Wednesday after an intraday test below that level. Nice strong recovery on strong volume looks like a good shakeout that has set up the next run after the initial breakout test. Very strong stock.
Volume: 3.086M Avg Volume: 2.334M
BUY POINT: $34.92 Volume=3.2M Target=$41.95 Stop=$33.68
POSITION: DNR IG - Sept. $35c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/dnr.html

Play Date: 05/28/2008
DRYS (Dryships--$95.39; +8.36; optionable): Bulk shipping
http://biz.yahoo.com/p/d/drys.html
EARNINGS: Announced 5-19-08
STATUS: Test 50 day EMA. Looking to make another play on DRYS after a great gain in early May. Broke out from a double bottom with handle base and surged close to 120. It has subsequently tested, coming back to the 50 day EMA (85) and bounced off that level Wednesday on rising above average volume. Momentum stock and looking to move in once more as DRYS makes the next run higher. Can really cover some ground (water?) when it gets started and looks as if it has left port again.
Volume: 8.018M Avg Volume: 4.486M
BUY POINT: $95.88 Volume=7.5M Target=$114.95 Stop=$93.21
POSITION: DQR GS - July $95c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/drys.html

Play Date: 05/28/2008
NCOC (National Coal Corp.--$6.72; +0.31; no options): Coal
http://biz.yahoo.com/p/n/ncoc.html
EARNINGS: Announced 5-15-08
STATUS: Test breakout. Exploded higher in mid-May on its earnings report, jumping out of a 4.5 month flat base. Volume has really ramped higher after this breakout as there is accumulation in the stock as well as a lot of momentum. Has refused to give up much ground on the test, holding at near support at the 10 day EMA (6.44) as it makes the pullback. Looking to move in as NCOC continues the breakout move.
Volume: 813.249K Avg Volume: 215.751K
BUY POINT: $7.02 Volume=600K Target=$8.95 Stop=$6.53
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/ncoc.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 option