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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
Good movers: CNMD; HOC; ISRG; NOV; PAAS; POT; RIMM; RIO; THQI; VLO; VSEA; WFR
New Plays:
Upside:
New Pre-Announcement Plays:
Play Date: 04/04/2007
EOG (EOG Resources--$74.15; +1.08; optionable): Oil and gas
http://biz.yahoo.com/p/e/eog.html
EARNINGS: 5-1-07
STATUS: Cup. Volume jumped back above average Wednesday as EOG, after a week long consolidation, cleared the November and July 2006 highs. Part of a larger 15 month cup base, building up the right side of the base. Plenty of room overhead up toward 85 before it hits the high in the base. Looking to move in as it continues this break higher.
Volume: 3.136M Avg Volume: 2.921M
BUY POINT: $74.48 Volume=3.4M Target=$84.95 Stop=$72.32
POSITION: EOG GO - July $75c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/eog.html
Play Date: 04/04/2007
NIHD (NII Hldgs--$77.80; -0.52; optionable): Telecom wireless communications
http://biz.yahoo.com/p/n/nihd.html
EARNINGS: Announced 2-27-07
STATUS: Test breakout. NIHD jumped out of its 8 week base to start the month, rising on strong volume. This small base consolidated the January breakout from a larger 9 month pattern. Strong volume on the breakout, pausing Wednesday on lower, below average volume. May come back to test further, back toward the 10 day EMA (75.60) before taking off again. Quite strong, however, so want to be ready to move in if it continues higher from here.
Volume: 1.24M Avg Volume: 1.815M
BUY POINT: $78.48 Volume=2M Target=$89.95 Stop=$75.45
POSITION: QHQ IP - Sept. $80c (53 delta, 83 OI) or QHQ FO - June $75c (66 delta) &/or Stock
http://www.investmenthouse.com/cs/nihd.html
Downside:
Play Date: 04/04/2007
ASCA (Ameristar Casinos--$30.60; -1.87; optionable): Resorts and casinos
http://biz.yahoo.com/p/a/asca.html
EARNINGS: Announced 2-1-07
STATUS: Put. Made a lower volume second peak in late March, and when that happens you have to be careful for rollovers. ASCA sold back to the 50 day EMA, gapped below it, tried to recover . . . and then failed hard Wednesday on surging volume. It was already weak and when it announced it was acquiring Resorts East Chicago that broke the back. There is a gap higher in November, a gap up from 26. It may try to fill that. Our initial target is much more conservative, but a move to that level lands a 42%ish gain.
Volume: 1.781M Avg Volume: 317.425K
BUY POINT: $30.38 Volume=325K Target=$28.65 Stop=$30.88
POSITION: UWT QF - May $30p (-40 delta)
http://www.investmenthouse.com/cs/asca.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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