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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Play Date: 05/31/2008
BRCM (Broadcom--$28.69; +1.56; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/b/brcm.html
EARNINGS: Announced 4-22-08
STATUS: Trend reversal. Looking at BRCM again as it has set up again after its late April gap higher on earnings, moving back over the 200 day SMA (27.44) Friday. The catalyst was MRVL in the same sector with its outlook for the future. Strong volume, solid move over a key level. BRCM has a nice range to run higher without resistance, and there is that gap lower from October that it will eventually fill. Cool. Ready to move in as BRCM clears the early May high.
Volume: 17.687M Avg Volume: 16.5M
BUY POINT: $28.88 Volume=20M Target=$37.22 Stop=$27.31
POSITION: RCQ HY - Aug. $27.50c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/brcm.html
Play Date: 05/31/2008
BZP (BPZ Resources, Inc.--$22.74; +0.21; optionable): Brazilian oil and gas drilling
http://biz.yahoo.com/p/b/bzp.html
STATUS: Breakout test. BZP made us money on its early May run, and now it has come back to test the breakout from its 5 week cup with handle base. Tapped toward the 50 day EMA on the Friday low (21.70) and then rebounded for a gain. Volume surged back above average for the first time in over a week. Showing excellent strength in a sector under a bit of fire; this is something you see in all energy sectors: some leaders in excellent shape, others struggling. Brazilian companies are getting big dollars and BZP is no exception.
Volume: 1.22M Avg Volume: 966.873K
BUY POINT: $23.11 Volume=1.4M Target=$27.95 Stop=$21.55
POSITION: BZP IX - Sept. $22.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/bzp.html
Play Date: 05/31/2008
MASI (Masimo--$34.56; -0.40; optionable): Noninvasive diagnostic imaging processes development, licensing
http://biz.yahoo.com/p/m/masi.html
EARNINGS: Announced 4-29-08
STATUS: Cup w/handle. A new issue in August 2007, MASI has not even hit its first birthday. It has, however, formed a very nice 6 month base, its first real base of its short life. Gapped higher the second week of May then immediately came back to fill that gap. After that it rebounded and worked laterally along the 10 day EMA (33.91), forming the handle that shakes out the easy sellers and sets up a really nice run higher. Volume spiked Thursday and really so on Friday. Money flow is exploding. Looking for MASI to do the same.
Volume: 1.115M Avg Volume: 455K
BUY POINT: $35.22 Volume=750K Target=$41.95 Stop=$33.65
POSITION: MQS IG - Sept. $35c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/masi.html
Play Date: 05/31/2008
MBT (Mobile Telesys--$87.60; -0.19; optionable): Russian wireless telecom
http://biz.yahoo.com/p/m/mbt.html
EARNINGS: Announced 5-20-08
STATUS: Cup with handle. After an excellent run in 2007 that needed a consolidation, MBT has formed an excellent base this year. It rallied higher starting mid-May with its earnings, forming the right side of its 5 month base. The past week it has slid laterally, waiting for the 10 day EMA (85.78) to catch up with it as volume slipped as well. Nice, nice shakeout/consolidation of the May run, setting up the breakout and run toward the prior high at 105. Nice setup from an excellent stock.
Volume: 1.404M Avg Volume: 1.833M
BUY POINT: $89.32 Volume=2.8M Target=$104.95 Stop=$85.66
POSITION: MBT IR - Sept. $90c (46 delta) &/or Stock
http://www.investmenthouse.com/ci/mbt.html
Play Date: 05/31/2008
PCLN (Priceline.com--$134.53; +2.59; optionable): Online travel, hotels, etc.
http://biz.yahoo.com/p/p/pcln.html
EARNINGS: Announced 5-8-08
STATUS: Ascending base. Okay, taking another run at PCLN here as it continues setting up its base. It is volatile; gapped higher in early May then sold off to fill the gap a week later. It held the 50 day EMA (127.23), the rising support of the 5 month pattern. Friday volume jumped above average for the first time in two weeks as PCLN posted a modest gain. Looks as if money is moving into PCLN and some were getting a jump start on the new month. Ready to move in as PCLNE breaks higher on continued solid trade.
Volume: 1.983M Avg Volume: 1.436M
BUY POINT: $136.21 Volume=2M Target=$156.95 Stop=$131.25
POSITION: PNE GG - July $135c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/pcln.html
Play Date: 05/31/2008
SU (Suncor Energy--$68.35; +0.77; optionable): Tar sands
http://biz.yahoo.com/p/s/su.html
EARNINGS: 7-24-08
STATUS: Test 18 day EMA. Not all energy stocks are getting sold off. SU certainly came back last week, but that was a normal and low volume pullback after a tremendous surge mid-May. SU broke out from a 6 month base in April and again in early May. Nice low volume pullback to the 18 day EMA where it has held. Now it is set up to make the next upside leg in this run. Much depends upon what oil does as this one reacts as oil reacts given its product is more economically viable the higher oil moves. Thus we are using this one to be ready in the event oil does not break lower and the rally in other stocks starts folding up.
Volume: 3.542M Avg Volume: 5.889M
BUY POINT: $69.11 Volume=7M Target=$79.95 Stop=$66.28
POSITION: SU IT - Sept. $67.50c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/su.html
Play Date: 05/31/2008
SYX (Systemax--$19.38; +0.30; optionable): Direct marketing services in Europe, N. America
http://biz.yahoo.com/p/s/syx.html
EARNINGS: Announced 5-8-08
STATUS: Cup w/handle. You may not have heard of this one, but its earnings growth rates are impressive, and its pattern is solid. It has formed an 8 month base, spending the past two weeks pulling back to test the May jump higher, holding near support at the 18 day EMA (18.80) and moving laterally in a tight range. Strong money flow is way out in front of the price, and we are looking for that money to drag SYX along with it.
Volume: 210.104K Avg Volume: 502.914K
BUY POINT: $19.91 Volume=750K Target=$23.98 Stop=$18.77
POSITION: SYX IW - Sept, $17.50c (83 delta) &/or Stock
http://www.investmenthouse.com/ci/syx.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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