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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
Good movers: FLIR; GOOG; GRMN; VIP
New Pre-Announcement Plays:
Play Date: 06/25/2007
CVX (Chevron-Texaco--$82.95; +1.40; optionable): Major oil and gas
http://biz.yahoo.com/p/c/cvx.html
EARNINGS: Announced 4-27-07
STATUS: Ascending base. Well, after a high volume selling session last Wednesday CVX bounced right back Monday with stronger volume as it bounced back. Nice little 6 week base has formed along the 18 day EMA, setting CVX up for the next upside break and run higher. This short base is consolidating the early April breakout from a 14 week double bottom base. Looking for volume to remain strong as it makes the break higher.
Volume: 12.689M Avg Volume: 9.149M
BUY POINT: $83.78 Volume=10M Target=$99.95 Stop=$81.68
POSITION: CVX IP - Sept. $80c (73 delta) &/or Stock
http://www.investmenthouse.com/cs/cvx.html
Play Date: 06/25/2007
GMRK (Gulfmark Offshore--$52.12; -0.95; optionable): Oil and gas service company
http://biz.yahoo.com/p/g/gmrk.html
EARNINGS: Announced 4-30-07
STATUS: Double bottom w/handle. Nice lateral move over the 10 day EMA the past week as GMRK forms the handle to its 8 week base. Nice use of the 50 day EMA on the last leg lower as support that bounced it back up. This base consolidates the late February breakout and run up the 10 day EMA on into this base. It is set up well for the next break higher. Just looking for the clear break higher on strong trade.
Volume: 316.803K Avg Volume: 256.916K
BUY POINT: $53.78 Volume=385K Target=$64.50 Stop=$51.31
POSITION: GIU JJ - Oct. $50c (65 delta, 162 OI) &/or Stock
http://www.investmenthouse.com/cs/gmrk.html
Play Date: 06/25/2007
MBT (Mobile Telesys--$59.50; -1.07; optionable): Wireless telecom in Russia
http://biz.yahoo.com/p/m/mbt.html
EARNINGS: Announced 5-31-07
STATUS: Cup w/handle. Low volume the past week as MBT works laterally, forming the handle (the shakeout prior to the breakout) from an 11 week base that formed roughly using the 50 day EMA as support. This base is setting MBT up for the breakout to a new all-time high. Very solid leader in the telecom space in very good position for the breakout move.
Volume: 1.044M Avg Volume: 1.59M
BUY POINT: $61.41 Volume=2.4M Target=$71.50 Stop=$58.45
POSITION: MBT IL - Sept. $60c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/mbt.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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