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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/29/2007
CIEN (Ciena--$38.42; +1.83; optionable): Telecom equipment
http://biz.yahoo.com/p/c/cien.html
EARNINGS: 8-30-07 before the open.
STATUS: Reverse head and shoulders. Nice strong, above average volume Wednesday as CIEN broke higher in its 6 week base. You can call it a double bottom with handle (an intraday dip in early August matched later in the month) or a reverse H&S, but either way it is a nice pattern to consolidate the late May breakout from a larger 14 month base. Money flow is surging higher ahead of price and CIEN is ready to follow it. Looking for CIEN to move higher on the earnings. If it gaps we will buy some on the test and then see how it shakes out from there and plan our next buy point.
Volume: 4.353M Avg Volume: 3.77M
BUY POINT: $38.75 Volume=5M Target=$44.75 Stop=$36.25
POSITION: EUQ AG - Jan. $35c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/cien.html
Play Date: 08/29/2007
CVX (Chevron-Texaco--$86.70; +2.40; optionable): Major oil and gas, refining
http://biz.yahoo.com/p/c/cvx.html
EARNINGS: 7-27-07
STATUS: Double bottom w/handle. Another one of the energy stocks that has formed a 7 week base after that strong April to early July run. It needed this rest and now it is set up to make the break higher and make a run toward 100.
Volume: 10.048M Avg Volume: 12M
BUY POINT: $87.68 Volume=18M Target=$99.95 Stop=$84.11
POSITION: CVX LQ - Dec. $85c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/cvx.html
Play Date: 08/29/2007
DO (Diamond Offshore--$103.18; +4.64; optionable): Offshore oil and gas drilling
http://biz.yahoo.com/p/d/do.html
EARNINGS: 7-26-07
STATUS: Double bottom with handle. Volume started up on Wednesday as DO broke higher over the handle of its short but very nice 6 week base. Broke higher out of a big base in June and rallied to 115. In the energy correction it sold back to form the current base, and is now breaking higher for a new run higher.
Volume: 2.45M Avg Volume: 2.789M
BUY POINT: $103.55 Volume=3M Target=$118.95 Stop=$99.90
POSITION: DO LA - Dec. $105c (53 delta)
http://www.investmenthouse.com/ci/do.html
Play Date: 08/29/2007
VIP (Vimple Communication--$23.16; +1.59; optionable): Russian wireless communications
http://biz.yahoo.com/p/v/vip.html
EARNINGS: 8-30-07
STATUS: Double bottom w/handle. Breaking higher on solid above average volume, clearing the handle in its 7 week base. Looking to move back into VIP as it moves toward a new all-time high following its split two weeks back. Earnings are out before the open, and as it ran into the number Wednesday we could see some early weakness. Maybe. We will just need to see how it reacts to the earnings and if it gives us an opening. If it gaps we will look to pick up a partial position on a test. If it opens weaker we will see if it can hold the 10 day EMA (21.65) and then break higher over 22.60 to move in.
Volume: 3.653M Avg Volume: 3.366M
BUY POINT: $23.91 Volume=4M Target=$28.75 Stop=$22.24
POSITION: VIQ AW - Jan. $23c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/vip.html
Good Investing!
Jon L. Johnson and your IH Alerts Team
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 in 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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