|
|
stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
New Post split plays:
Play Date: 10/29/2007
MYGN (Myriad Genetics--$54.95; +2.55; optionable): Diagnostic substances
http://biz.yahoo.com/p/m/mygn.html
EARNINGS: 11-1-07 before the open.
STATUS: Earnings are 11-1-07 and MYGN started higher Monday on a new shot of above average volume following last week's lateral move over the 50 day EMA on very low trade. A strong break higher and run in August through the first week of October needed a deeper test. This move back to the 50 day EMA the past three weeks has given it the breather it needed to resume the run higher. It is riskier playing it into earnings, but we can get a good 5 points out of it and take the gain if it gives us that.
Volume: 852.308K Avg Volume: 716.269K
BUY POINT: $55.54 Volume=900K Target=$65.55 Stop=$52.88
POSITION: GSQ AK - Jan. $55c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/mygn.html
New buy point on a current position (and likely a pre-announcement play soon)
Play Date: 10/29/2007
HOLX (Hologic--$67.15; +1.31; optionable): Medical appliances (Mammogram machines)
http://biz.yahoo.com/p/h/holx.html
EARNINGS: 11-6-07
STATUS: Breakout test. HOLX surged higher for us with a late September breakout from its 19 week double bottom base. Strong volume on the breakout, and some distribution volume as the run stalled & it started to sell some. Held up well, however, coming back to the 18 day EMA (65.46) the past week, testing that level on the intraday lows and bouncing. Monday it bounced up on rising, average trade. It looks as if this first test of the breakout is over and HOLX is ready for the upside once more with a run into earnings. Looking to move in as it continues this bounce on some solid trade. Great stock in great position.
Volume: 2.074M Avg Volume: 2.103M
BUY POINT: $68.89 Volume=3M Target=$79.95 Stop=$65.32
POSITION: QHX AM - Jan. $65c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/holx.html
Leaders: These stocks are likely to announce splits but they have not split history and not earning anything about one for them on the street.
Play Date: 10/29/2007
DO (Diamond Offshore--$114.95; +2.48; optionable): Offshore oil and gas drilling
http://biz.yahoo.com/p/d/do.html
EARNINGS: Announced 10-25-07
STATUS: Test 50 day EMA. DO gapped higher ahead of earnings and tested, set up well to make the break higher on the results. It disappointed some and it sold off to test the 50 day EMA (110.59) on Friday. It bounced up Monday to hold above the 18 day EMA on lower but still strong volume. Like how it swallowed the earnings without too much disappointment, and will look to move in as DO continues higher on strong trade, showing us that the buyers are behind it again.
Volume: 2.953M Avg Volume: 2.442M
BUY POINT: $116.65 Volume=3.4M Target=$133.95 Stop=$112.32
POSITION: DO AC - Jan. $115c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/do.html
Play Date: 10/29/2007
DRYS (Dryships--$130.97; +7.47; optionable): Bulk shipping
http://biz.yahoo.com/p/d/drys.html
EARNINGS: Third week of November
STATUS: Flying plateau. Made us some great money in its September to October run following its August breakout. One of the strongest runners in the market, it refused to give up any gains as it took a breather, and Monday it was moving higher on a super shot of volume, clearing the recent highs in this two week range. Ready to move in as DRYS continues its run.
Volume: 5.285M Avg Volume: 2.608M
BUY POINT: $131.48 Volume=3.2M Target=$157.45 Stop=$125.92
POSITION: DQR AV - Jan. $130c (58 delta)
http://www.investmenthouse.com/cs/drys.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.
|
stock split
stock recommendation
|
