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stock split, stock recommendation
Begin part 3 of 3
Full report issues Tuesday.
THE PLAYS:
Post-Split:
Play Date: 10/08/2007
SPIL (Siliconware Precision--$12.37; +0.18; optionable): Semiconductor packaging and testing services
http://biz.yahoo.com/p/s/spil.html
EARNINGS: Early November
STATUS: Test breakout. Nice mid-September break higher from a 10 week double bottom with handle base took SPIL up to 12.50 to end September. It has since come back to make the first test of the breakout, holding at the 18 day EMA (11.80) last week on the lows. It bounced off that near support Friday on some very good, above average volume, and continued higher Monday though on much lower volume. Looking solid and we are ready to move in as SPIL continues the breakout move.
Volume: 1.255M Avg Volume: 1.846M
BUY POINT: $12.57 Volume=2.3M Target=$15.11 Stop=$11.74
POSITION: SUU AV - Jan. $12.50c (57 delta, 177 OI) &/or Stock
http://www.investmenthouse.com/cs/spil.html
Pre-Announcement:
Play Date: 10/08/2007
SCHN (Schnitzer Steel--$73.42; +0.98; optionable): Steel and iron
http://biz.yahoo.com/p/s/schn.html
STATUS: Breakout test. SCHN surged higher in mid-September, making the breakout from a 9 week cup with handle base. That base formed after the breakout, finally, from a long 3.5 year consolidation, and that was the first breakout after that long deep sleep. Nice breakout and surge to 76, and now it is testing, coming back to the 10 day EMA (71.78) last week where it held and started to bounce Friday and Monday. Looking for some strong volume to come back in as it resumes the breakout run. That is when we move in.
Volume: 328.17K Avg Volume: 583.146K
BUY POINT: $73.95 Volume=820K Target=$88.95 Stop=$71.21
POSITION: SQQ AO - Jan. $75c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/schn.html
Leader:
Play Date: 10/08/2007
LZ (Lubrizol--$68.07; +1.17; optionable): Specialty chemicals
http://biz.yahoo.com/p/l/lz.html
EARNINGS: 10-26-07
STATUS: Reverse head and shoulders. Volume was up though still below average Monday as LZ posted a solid price move and moved close to the breakout from its 17 week base. As with many stocks, LZ enjoyed a strong end to 2006 and a solid early 2007 and needed a consolidation to rest and set up the next move. Nice base has done than and now we look for a bit more volume from LZ as it moves to the breakout and the new high.
Volume: 394.3K Avg Volume: 545.097K
BUY POINT: $68.55 Volume=818K Target=$78.95 Stop=$65.94
POSITION: LZ LM - Dec. $65c (64 delta, 177 OI) or LZ CN - Mar. $70c (50 delta, 86 OI) &/or Stock
http://www.investmenthouse.com/cs/lz.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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