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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
New Plays:
New Post-Splits:
Play Date: 01/22/2007
SLE (Sara Lee--$17.19; +0.26; optionable): Processed and packaged foods
http://biz.yahoo.com/p/s/sle.html
STATUS: Ascending base breakout. The description of its sector is so bland. Everybody doesn't like something, and nobody doesn't like Sara Lee. Monday SLE gapped higher, clearing an 11 week base on strong, above average volume; apparently a lot of institutions liked it quite a bit as well. Nice breakout as SLE is on the way to a recovery from a long slide lower.
Volume: 5.492M Avg Volume: 4.603M
BUY POINT: $17.31 Volume=5M Target=$20.31 Stop=$16.68
POSITION: SLE GW - July $17.50c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/sle.html
Play Date: 01/22/2007
CTRP (Ctrip.com International--$65.85; +1.63; optionable): Chinese travel services
http://biz.yahoo.com/p/c/ctrp.html
STATUS: Test 18 day EMA. Well, CTRP was right back at it, bouncing off the 18 day EMA (64.13) on strong, above average volume. It is making its second bounce off near support following the November breakout from a 4.5 month double bottom base. Not giving in at all, and with this move we are looking at moving right back into this leader.
Volume: 483.252K Avg Volume: 394.932K
BUY POINT: $66.32 Volume=550K Target=$76.45 Stop=$63.95
POSITION: QCT FM - June $65c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/ctrp.html
New Pre-Announcement Plays:
Play Date: 01/22/2007
JCP (J.C. Penney--$82.21; -0.48; optionable): Department stores
http://biz.yahoo.com/p/j/jcp.html
STATUS: Breakout test. JCP gapped higher last Thursday on strong volume after receiving an upgrade. Strong volume, strong price move, and now a test the past two sessions on lower trade, below average trade Monday. The move took JCP to a new all-time high, and this test is normal after such a move. May test a bit more, but the move was solid so want to be ready as it continues higher form this modest test.
Volume: 1.825M Avg Volume: 2.431M
BUY POINT: $83.05 Volume=2.5M Target=$99.75 Stop=$80.31
POSITION: JCP EP - May $80c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/jcp.html
Play Date: 01/22/2007
VIP (Vimple Communication--$82.08; +3.38; optionable): Russian wireless telecom
http://biz.yahoo.com/p/v/vip.html
STATUS: Double bottom. VIP is back at it, blasting higher Monday on strong volume and clearing the 'hump' in the middle of a short 7 week base. Used the 50 day EMA on the second leg low and bounced up from there. Great volume on the break higher. Looking to move in as it continues higher and then again after a successful test of this initial break higher.
Volume: 1.56M Avg Volume: 742.225K
BUY POINT: $82.42 Volume=765K Target=$99.45 Stop=$79.45
POSITION: VIQ GQ - July $85c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/vip.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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trade stock
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