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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
New Post-Split Play:
Play Date: 08/11/2008
CSH (Cash America Intl.--$43.79; +0.40; optionable): Pawn shots
http://biz.yahoo.com/p/c/csh.html
EARNINGS: 10-23-08
STATUS: Cup w/handle. Strong volume Monday as CSH probed the breakout level and then came back to stay in the handle to its 15 week base. This is the kind of economy for CSH, one where consumers are stressed and trying to find ways to stretch the dollars. Looking for a breakout that will send CSH to a new all-time high.
Volume: 1.149M Avg Volume: 690.3K
BUY POINT: $45.11 Volume=1M Target=$51.95 Stop=$42.11
POSITION: CSH LI - Dec. $45c (57 delta, 160 OI) &/or Stock
http://www.investmenthouse.com/ci/csh.html
New Leader Plays:
Play Date: 08/11/2008
ISRG (Intuitive Surgical--$308.25; -0.01; optionable): Medical appliances
http://biz.yahoo.com/p/i/isrg.html
EARNINGS: Announced 7-22-08
STATUS: Cup w/handle. Gapped lower in April, gapped higher in July, both moves on earnings. That is an island reversal pattern and a bullish one. It has faded the past three weeks to test that gap, holding at the 18 day EMA (301.94), a sign of strength. Nice low volume test of the move and now looking for volume to jump back up as ISRG makes the break higher off this support. Nice set up.
Volume: 432.962K Avg Volume: 861.845K
BUY POINT: $310.44 Volume=1.2M Target=$349.95 Stop=$301.68
POSITION: AXV JA - Oct. $310c (51 delta)
http://www.investmenthouse.com/ci/isrg.html
New buy point on current position:
Play Date: 08/11/2008
SYNA (Synaptics--$53.60; -0.38; optionable): Business software
http://biz.yahoo.com/p/s/syna.html
EARNINGS: Announced 7-31-08
STATUS: Flying plateau. Excellent surge for us to start August, moving out of its 7 week cup with handle base, part of a much larger 8 month cup with handle base. Great surge, great volume, then moving in a tight lateral range on low volume. Love a stock that refuses to give up its gains and looking for SYNA to make another nice break higher and make us some more money. Love buying into leaders ready to make the next great move.
Volume: 764.2K Avg Volume: 1.068M
BUY POINT: $54.69 Volume=1.4M Target=$64.95 Stop=$51.22
POSITION: QYG LJ - Dec. $50c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/syna.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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