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stock split, stock recommendation
Begin part 3 of 3
NOTE: Full report issues Thursday.
THE PLAYS:
New Plays:
New Post-Split Play:
Play Date: 09/12/2007
FTO (Frontier Oil--$42.59; +1.78; optionable): Oil and gas refining
http://biz.yahoo.com/p/f/fto.html
EARNINGS: Announced 8-8-07
STATUS: Cup with handle. Volume has surged the past two sessions as FTO started the breakout from the handle to its 8 week base. Gapped higher Wednesday, tested and then rebounded back up for a nice gain as oil prices rose and inventories plunged. Like how it has a nice bit of room to run before it has to plow into new high territory. We can enjoy the ride to that point, let it rest, and then ride a breakout into a new high. It needed a base to rest and set back up after that run to start the year, and this has done a good job of that.
Volume: 4.114M Avg Volume: 2.773M
BUY POINT: $43.44 Volume=3M Target=$49.95 Stop=$40.89
POSITION: FTO AH - Jan. $40c (68 delta) &/or Stock
http://www.investmenthouse.com/cs/fto.html
Play Date: 09/12/2007
JKHY (Jack Henry & Assoc.--$26.92; +0.84; optionable): Outsourced data processing for banks, financial institutions
http://biz.yahoo.com/p/j/jkhy.html
EARNINGS: 8-21-07
STATUS: Reverse head and shoulders. Strong volume the past three sessions, really strong, as JKHY tested the 50 day EMA (25.73) and then raced higher right to the breakout point on Wednesday. Strong money flow is leading the way higher as JKHY looks for a 7 year high. Excellent action and it is good to see JKHY back in action again and ready to run.
Volume: 1.051M Avg Volume: 636.337K
BUY POINT: $27.08 Volume=650K Target=$31.95 Stop=$25.69
POSITION: JKQ LE - Dec. $25c (67 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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stock split
stock recommendation
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