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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
New Plays:
New Post-Split Play:
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/cs/vip.html
New Pre-Announcement Plays:
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/cs/cvx.html
Play Date: 08/29/2007
DLTR (Dollar Tree--$40.97; +2.10; optionable): Discount variety stores
http://biz.yahoo.com/p/d/dltr.html
EARNINGS: 8-29-07
STATUS: Reverse head and shoulders. Announced some great earnings Wednesday and rallied nicely on strong, above average volume. After a great run for us through early June it needed a base, and this current 12 week pattern is doing just that. Strong money flow is leading the way higher and we are looking to move in as DLTR continues to sprout higher.
Volume: 1.866M Avg Volume: 1.521M
BUY POINT: $41.31 Volume=2M Target=$47.55 Stop=$39.94
POSITION: DQO BH - Feb. $40c (62 delta, low OI) &/or Stock
http://www.investmenthouse.com/cs/dltr.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/cs/do.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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