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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
New Post-Split Plays:
Play Date: 09/26/2007
MTW (Manitowoc--$43.28; +0.30; optionable): Farm and construction machinery
http://biz.yahoo.com/p/m/mtw.html
EARNINGS: 10-31-07
STATUS: Breakout test. A pair of nice tight dojis at the 10 day EMA on low volume as MTW looks just about ready to complete the test of its breakout two weeks back from a 9 week cup with handle base. Nicely formed pattern and a very nice low volume test. Looking for stronger volume as it makes the break higher.
Volume: 912.1K Avg Volume: 2M
BUY POINT: $44.44 Volume=2.5M Target=$52.95 Stop=$42.32
POSITION: MTW AV - Jan. $42.50c (75 delta) &/or Stock
http://www.investmenthouse.com/cs/mtw.html
New buy point on a current position:
Play Date: 09/26/2007
FTK (Flotek Industries--$44.30; +0.41; no options): Oil and gas service company
http://biz.yahoo.com/p/f/ftk.html
EARNINGS: Early November
STATUS: Breakout test. FTK is making its second test at the 10 day EMA (42.96) from the late August breakout from a 7 week base. Strong leader showing solid volume on the upside moves on the breakout and run higher, and now testing on lower trade. Looking for it to hold the line at the 10 day and start back up on stronger trade. That is when we move in.
Volume: 275.75K Avg Volume: 509.463K
BUY POINT: $45.25 Volume=550K Target=$52.95 Stop=$42.85
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/ftk.html
Pre-Announcement Plays:
New buy point on current position:
Play Date: 09/26/2007
FCX (Freeport McMoran--$103.91; -1.30; optionable): Copper
http://biz.yahoo.com/p/f/fcx.html
EARNINGS: 9-26-07
STATUS: Breakout test. After a great breakout two weeks back from a 9 week base, FCX is testing the move on lower volume, coming back to tap the 10 day EMA (102.66) on the Wednesday low. May take another session or two to complete the test, but when it starts back up on volume we will be ready to move into this strong leader with some more positions.
Volume: 10.479M Avg Volume: 10.866M
BUY POINT: $105.05 Volume=12M Target=$124.95 Stop=$101.89
POSITION: FCX AA - Jan. $105c (63 delta) &/or Stock
http://www.investmenthouse.com/cs/fcx.html
Jumping right back at it:
Play Date: 09/26/2007
SLB (Schlumberger--$103.00; -1.62; optionable): Oil and gas service company
http://biz.yahoo.com/p/s/slb.html
EARNINGS: 10-19-07
STATUS: Breakout test. Okay, we sold our positions and took the rest of the gain off the table as SLB tested below the 18 day EMA. It rebounded however and held the breakout on the move. Given this action we are looking to move back in as SLB rebounds on continued rising trade. It broke higher from a nice 9 week cup with handle two weeks back and has tested with this move.
Volume: 10.746M Avg Volume: 9.696M
BUY POINT: $105.22 Volume=11M Target=$120.95 Stop=$102.11
POSITION: SDB AA - Jan. $105c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/slb.html
Leader:
Play Date: 09/26/2007
NILE (Blue Nile--$96.85; -3.15; optionable): Online diamond sales
http://biz.yahoo.com/p/n/nile.html
EARNINGS: Early November
STATUS: Breakout test. Broke higher two weeks back, making nice run higher and taking out 100. As always happens, it has to test, and it is making a nice, low volume test to near support at the 10 day EMA (94.70). Looking for this leader to hold here after the run to 100 and make the break back up through that level for a new run.
Volume: 536.806K Avg Volume: 513.274K
BUY POINT: $97.42 Volume=770K Target=$116.95 Stop=$94.42
POSITION: JWU AT - Jan. $100c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/nile.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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