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trade stock, top stock pick
Begin part 3 of 3
THE PLAYS:
New Plays:
New Pre-Announcement Plays:
Play Date: 09/19/2007
COH (Coach--$50.07; +2.24; optionable): Apparel, handbags, etc.
http://biz.yahoo.com/p/c/coh.html
EARNINGS: 10-31-07
STATUS: Trend reversal. Big volume as COH gapped higher over the 200 day SMA (47.40) and the April/July down trendline. COH showed several strong upside volume spikes as it prepared for this break and started off the bottom of this 6 month downtrend. Excellent trend reversal gap and looking to pick up some positions on a continued move higher and then again as it makes a test of this move. A fallen leader that needed a base after a strong 2006. It got it and now looks ready to run again.
Volume: 7.54M Avg Volume: 4.642M
BUY POINT: $50.55 Volume=4.8M Target=$59.55 Stop=$48.31
POSITION: COH AJ - Jan. $50c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/coh.html
Play Date: 09/19/2007
PCP (Precision Castparts--$137.00; -1.63; optionable): Metal fabrication
http://biz.yahoo.com/p/p/pcp.html
EARNINGS: 10-23-07
STATUS: Ascending base. Strong surge Tuesday on rising average trade on the FOMC announcement, and that almost broke PCP out from a 10 week base that made higher lows up the 90 day SMA (126.71). This move is consolidating the strong run from September 2006. Needed a breather, took it, and now it looks ready to continue the run higher. Want to see some strong trade as it clears the buy point. Top flight earnings growth rates.
Volume: 1.275M Avg Volume: 1.486M
BUY POINT: $139.31 Volume=2M Target=$159.95 Stop=$135.94
POSITION: PCP LH - Dec. $140c (52 delta) &/or Stock
http://www.investmenthouse.com/cs/pcp.html
New Leader:
Play Date: 09/19/2007
PDE (Pride International--$36.21; +0.47; optionable): Oil and gas exploration
http://biz.yahoo.com/p/p/pde.html
EARNINGS: 11-2-07
STATUS: Cup w/handle. Taking another look at PDE as it comes back from the Monday shakeout on low volume that pushed it below the 50 day EMA that acted as support in the handle of the 11 week base. Nice volume Tuesday and a gap higher Wednesday put it in good shape to show the breakout. Really like how money flow is moving higher head of price even as it tested lower and forms this handle. Looking to move in when it shows us the break higher.
Volume: 2.334M Avg Volume: 2.638M
BUY POINT: $36.78 Volume=3.5M Target=$42.88 Stop=$35.38
POSITION: PDE AG - Jan. $35c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/pde.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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