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stock split, stock recommendation
Begin part 3 of 3
Full reports Tuesday, Thursday and Saturday.
THE PLAYS:
New Post-Split Plays:
Play Date: 08/04/2008
CHT (Chunghwa Telecom--$25.39; +0.42; optionable): Chinese telecom
http://biz.yahoo.com/p/c/cht.html
EARNINGS: No date provided yet
STATUS: Cup w/handle. Forming a 4 month shallow cup, fading back late last week to test and make a higher low given Monday's bounce higher off the 90 day SMA. This base formed after CHT rallied January to late March for a 30% gain. This current base is consolidating the gain and laying the lines for the next breakout and run higher. Looking for it to move over the April to late July down trendline in the base, and looking for a bit of volume as it makes the move. That is our cue to move in for the next run higher.
Volume: 809.888K Avg Volume: 1.106M
BUY POINT: $25.81 Volume=1.5M Target=$30.95 Stop=$24.69
POSITION: CHT LE - Dec. $25c (56 delta, 135 OI) &/or Stock
http://www.investmenthouse.com/cs/cht.html
Play Date: 08/04/2008
JNJ (Johnson & Johnson--$68.98; +0.88; optionable): Drugs and such
http://biz.yahoo.com/p/j/jnj.html
EARNINGS: 10-14-08
STATUS: Ascending triangle. JNJ is moving in a large 3.5 year triangle, a very solid foundation for a breakout and sustained run higher. This kind of base does not set up very often, and when it does you move in when it makes the breakout and then just let it go. JNJ may not run 10% in a day on its moves, but a breakout from this can propel it to a very nice initial gain that will make us money on the options and then we let the stock position just continue to work for us longer term. That is what a strong breakout from one of these bases can initiate. Volume is solid as it bumps up at the breakout; want to see it turn a bit stronger as it makes the break.
Volume: 13.695M Avg Volume: 11.78M
BUY POINT: $69.44 Volume=17M Target=$78.00 Stop=$67.71
POSITION: JNJ JN - Oct. $70c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/jnj.html
New buy point on a current position:
Play Date: 08/04/2008
NSC (Norfolk Southern--$70.15; -0.47; optionable): Railroads
http://biz.yahoo.com/p/n/nsc.html
EARNINGS: Announced 7-22-08
STATUS: Breakout test. Great breakout on its earnings, gapping out of a 7 week cup with handle base on strong volume and rallying to 75 on the high. Tested back in this selling the past three sessions, holding the 10 day EMA on the Monday close. Excellent action from an excellent leader and looking for it to bounce up off of this selling to give us a new entry point on this leader.
Volume: 3.815M Avg Volume: 3.864M
BUY POINT: $71.45 Volume=4.2M Target=$85.45 Stop=$69.21
POSITION: NSC LN - Dec. $70c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/nsc.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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stock split
stock recommendation
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