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trade stock, stock split
Begin part 3 of 3
Full report issues Thursday.
THE PLAYS:
New Plays:
New Post-Split Play:
Play Date: 08/22/2007
WMS (Williams Industries--$29.17; +1.52; optionable): Gaming machines and video lottery terminals
http://biz.yahoo.com/p/w/wms.html
EARNINGS: 8-7-07
STATUS: Reverse head and shoulders. A common pattern among the strong after that late July and early August dive lower. WMS split in mid-June and then as is often the case it took a breather and formed a new base to set up the next run higher. Very nice action, rebounding after that early August sell off on very strong upside volume. That trade was higher again Wednesday as WMS broke higher off a quick 50 day EMA test that finished the right shoulder to the pattern. Money flow is surging higher ahead of price and we are looking to enter WMS as it continues higher and shows the breakout move.
Volume: 782K Avg Volume: 585.664K
BUY POINT: $29.95 Volume=878K Target=$34.50 Stop=$27.95
POSITION: WUF AX - Jan. $26.63c (73 delta, 87 OI) &/or Stock
http://www.investmenthouse.com/cs/wms.html
Leader Play:
Play Date: 08/22/2007
JKHY (Jack Henry & Assoc.--$26.64; +0.87; optionable): Data management to banks, credit unions
http://biz.yahoo.com/p/j/jkhy.html
EARNINGS: 8-21-07
STATUS: Reverse head and shoulders. Volume jumped Wednesday after JKHY reported strong earnings and headed toward the breakout from its 11 week base that has set up a run at JKHY's all-time high hit back in the salad days of 2001. Strong money flow is leading the way and ready for JKHY to make the break higher and make us . . . some jack (pretty weak).
Volume: 888.37K Avg Volume: 693.096K
BUY POINT: $27.11 Volume=1M Target=$31.95 Stop=$25.32
POSITION: JKQ LE - Dec. $25c (69 delta) &/or Stock
http://www.investmenthouse.com/cs/jkhy.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
stock split
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