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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
Good movers: AAPL; BIDU; BSC; GS; HCP; LEH; LRCX; URBN; VIVO; VSEA; WFR; VIVO
New Plays:
New Post-Split Plays:
Play Date: 01/10/2007
IIVI (Ii-Vi, Inc.--$29.11; +0.11; optionable): Lasers for precision industrial, military, medical, aerospace industries
http://biz.yahoo.com/p/i/iivi.html
STATUS: Breakout test. After a nice breakout and jog higher from its 8 week ascending base, IIVI is testing, tapping at the 10 day EMA (28.62) on the Wednesday low and rebounding on a nice shot of rising, above average volume. Another first test of the breakout that looks successful and ready to yield the next run higher.
Volume: 305.254K Avg Volume: 224.881K
BUY POINT: $29.48 Volume=295K Target=$34.95 Stop=$27.98
POSITION: JIU DF - Apr. $30c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/iivi.html
CONTINUING POST-SPLIT PLAYS:
Play Date: 12/21/2006
FRX (Forest Labs--$51.58; +0.38; optionable): Drugs
http://biz.yahoo.com/p/f/frx.html
STATUS: Cup w/handle. Volume moved up and above average Wednesday as FRX rallied and tapped at the breakout point on the session high (51.92). Very nicely formed base and showing good volume the past week. Looks ready to make its move. To recap: Solid bounce off the 50 day EMA (50.14) Tuesday though volume did not surge with it. Excellent 11 week pattern that is begging for some volume to really send it higher. Everyone was commenting about this pattern around the shop.
Volume: 2.193M Avg Volume: 2.264M
BUY POINT: $52.24 Volume=3.5M Target=$59.95 Stop=$50.55
POSITION: FHA EJ - May $50c (64 delta) &/or Stock
http://www.investmenthouse.com/cs/frx.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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