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stock split, stock recommendation
Begin part 3 of 3
Full report issues Thursday.
THE PLAYS:
Pre-Announcement:
Play Date: 10/10/2007
SU (Suncor Energy--$96.97; +2.22; optionable): Canadian tar sands, etc.
http://biz.yahoo.com/p/s/su.html
EARNINGS: 10-25-07
STATUS: Cup w/handle. Volume jumped Wednesday for SU as it powered higher toward the breakout from its 12 week base. It showed some weakness to end September and start October and we closed the position out with a modest gain. Now it has set back up after a quick test of the 50 day EMA and is surging higher. Looking to move in as it continues the move.
Volume: 3.077M Avg Volume: 2.56M
BUY POINT: $97.57 Volume=2.6M Target=$111.95 Stop=$94.22
POSITION: SU AS - Jan. $95c (61 delta) &/or Stock
http://www.investmenthouse.com/cs/su.html
Leaders: No split history but excellent growth rates and excellent technical positions
Play Date: 10/10/2007
CMED (China Medical Technologies--$40.48; +0.39; optionable): Medical instruments, China
http://biz.yahoo.com/p/c/cmed.html
EARNINGS: Late November
STATUS: Breakout test. Made us some great money as it broke out from an 8 week double bottom with handle in mid-September. It has come back to test that move this week, selling on strong volume at first, then holding at the 18 day EMA and moving laterally on low, below average volume. Part of a much larger 2 year base, and this pullback from the breakout is setting up the next move higher that will take it out of the larger base and to a new all-time high.
Volume: 314.846K Avg Volume: 748.435K
BUY POINT: $41.45 Volume=900K Target=$47.95 Stop=$39.72
POSITION: QCY AH - Jan. $40c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/cmed.html
Play Date: 10/10/2007
EDU (New Oriental Education & Tech--$68.00; +2.75; optionable): Chinese education and training
http://biz.yahoo.com/p/e/edu.html
EARNINGS: 10-15-07
STATUS: Test breakout. Taking another run at EDU after it got a bit rocky last week with some higher volume selling. It managed to hold the 18 day EMA (62.48) on the low and then rebounded. Volume jumped Wednesday as EDU broke higher, continuing the breakout run from its 11 week double bottom with handle base. Nice test that held up in the end, and now it is extending the breakout after the first test. Ready to move in as it continues higher.
Volume: 475.3K Avg Volume: 406.082K
BUY POINT: $68.31 Volume=475K Target=$78.95 Stop=$65.95
POSITION: EDU AN - Jan. $70c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/edu.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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