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Begin part 3 of 3

Full report issues Tuesday.

THE PLAYS:

Good movers: BIDU; CTRP; DO; GEM; GRMN; HURN; MA; MON; RIG; RIMM; SLB; SUN; WNR

New Post-Split Plays:

Play Date: 06/18/2007
FDS (Factset Research--$63.87; +0.49; optionable): Financial and economic information to investment community
http://biz.yahoo.com/p/f/fds.html
EARNINGS: 6-19-07
STATUS: Double bottom. FDS has set up a 14 week double bottom of sorts, coming off the second leg the past two weeks, reaching the middle of the pattern Friday and Monday. It has moved back above the 50 day EMA (62.73) as it made the rebound, and we are looking for a continued break higher to give us an entry point. Earnings are out Tuesday with the Conference Call at 11:00ET. It has not announced when it will release the earnings but likely before the open. We are looking for a break higher on the news and then a test to give us the entry point.
Volume: 441.4K Avg Volume: 324.464K
BUY POINT: $64.55 Volume=465K Target=$74.38 Stop=$62.39
POSITION: FDS IM - Sept. $65c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/fds.html

New Pre-Announcements:

Play Date: 06/18/2007
RL (Ralph Lauren--$96.42; +1.62; optionable): Apparel
http://biz.yahoo.com/p/r/rl.html
EARNINGS: Announced 5-30-07
STATUS: Ascending base. RL announced results in late May and rebounding from the 50 day EMA, returning to the April high (and the base high) at 98. It could not make the breakout on that move, however, and came back to test once more. Made a higher low the past week and then bounced Monday on some solid above average volume. Looking for continued volume to give us an entry point in the stock and then adding to positions as it clears 98.75.
Volume: 999.5K Avg Volume: 863.523K
BUY POINT: $96.94 Volume=1.3M Target=$109.35 Stop=$94.12
POSITION: RL JS - Oct. $95c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/rl.html

Continuing plays:

Play Date: 05/31/2007
CERN (Cerner--$56.32; +0.41; optionable): Healthcare information services
http://biz.yahoo.com/p/c/cern.html
EARNINGS: Announced 4-19-07
STATUS: Test 50 day EMA. Starting off the 50 day EMA (55.03), showing some above average volume Friday as it cleared the 10 and 18 day EMA. Modest volume Monday as it continued higher. Looking to move in as CERN continues the move if it can show a bit more trade. Plenty of upside room to run for us.
Volume: 537.05K Avg Volume: 790.672K
BUY POINT: $56.25 Volume=1.2M Target=$66.95 Stop=$54.05
POSITION: CQN IY - Sept. $57.50c (50 delta, 256 OI) or CQN IK - Sept. $55c (63 delta) &/or Stock
http://www.investmenthouse.com/cs/cern.html

Play Date: 06/16/2007
GES (Guess? Inc.--$49.33; +0.01; optionable): Apparel
http://biz.yahoo.com/p/g/ges.html
EARNINGS: Announced 6-5-07
STATUS: Flying plateau. Low, low volume as GES continued its lateral move. Quiet session after that big volume surge Friday. Still set up and just going to let it show us the next break higher. To recap: GES made us a nice gain as it surged in June ahead of its earnings, breaking out from a 14 week flat base. Nice run, making a final gap when earnings were announced. We booked a nice gain on that move. GES has moved laterally the past two weeks, consolidating that gain, and importantly, giving up no ground, not even during the market selling. Friday volume spiked up as GES held its tight lateral range. It had one of those Monday as well. We call those 'get ready' spikes because they indicate big accumulation as the stock holds steady, crouching for the jump higher. Moves can be explosive from this type of pattern, so we are looking to move in fast when GES starts its break higher. Strong stock with a good pattern and with some of the best earnings growth rates in the market.
Volume: 674.2K Avg Volume: 1.458M
BUY POINT: $50.04 Volume=2.2M Target=$57.75 Stop=$48.04
POSITION: GES IW - Sept. $47.50c (65 delta) or GES IJ - Sept. $50c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/ges.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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