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Begin part 3 of 3

THE PLAYS:

Upside: Some more solid upside plays to take advantage of this bounce. All have solid fundamentals to back their strong technical patterns.

New Post-Split Plays:

Play Date: 11/28/2007
CHL (China Mobile--$90.81; +4.46; optionable): Chinese wireless
http://biz.yahoo.com/p/c/chl.html
EARNINGS: Third week of December
STATUS: Test 50 day EMA. CHL enjoyed a tremendous August to late October run, and when the market started to sell it had to test back. It gapped lower to start the month, but it held at the 50 day EMA (84.70) and worked laterally the past three weeks, forming something of a double bottom. Nice break higher Wednesday on strong, above average volume. Looking to move in as CHL continues higher and gives us the run toward the prior high. That move alone gives us a nice gain, just what you want in a bounce situation, i.e. not having to plough new ground if you can avoid it.
Volume: 4.176M Avg Volume: 3.447M
BUY POINT: $91.12 Volume=4.5M Target=$103.95 Stop=$87.55
POSITION: CHL CR - Mar. $90c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/chl.html

Play Date: 11/28/2007
VIVO (Meridian Biosciences--$30.80; +1.31; optionable): Diagnostic substances
http://biz.yahoo.com/p/v/vivo.html
EARNINGS: Announced 11-14-07
STATUS: Test 50 day EMA. Taking another look at VIVO as it comes off the 50 day EMA (29.93) on stronger, above average volume, the first above average trade in over a week. Double top in October and November, but it has made a higher low at key support here at the 50 day. Not bad. Looking for some more volume as ti continues higher and gives us the entry point.
Volume: 433.499K Avg Volume: 368.226K
BUY POINT: $31.11 Volume=450K Target=$37.45 Stop=$29.87
POSITION: ZUG AF - Jan. $30c (62 delta, 437 OI) or ZUG DG - Jan. $35c (57 delta, 363 OI) &/or Stock
http://www.investmenthouse.com/cs/vivo.html

New Pre-Announcement:

Play Date: 11/28/2007
OTEX (Open Text--$32.40; +1.15; optionable): Internet enterprise content management solutions
http://biz.yahoo.com/p/o/otex.html
EARNINGS: Announced 11-1-07
STATUS: Test 50 day EMA. Gapped higher in late August, clearing a 16 week base. It has stair-stepped higher since, making two runs off the 18 day EMA (32.32) and coming back to test. With the market selling this month it came back a bit further, testing the 50 day EMA (30.11) on the Tuesday low and rebounding. Wednesday volume jumped back above average (it was below average on the entire test) as OTEX jumped up off the 50 day test. Strong money flow is running higher ahead of the stock even as it tests. Nice set up for a strong break higher.
Volume: 676.038K Avg Volume: 575.177K
BUY POINT: $32.85 Volume=700K Target=$39.45 Stop=$31.11
POSITION: QFT BF - Feb. $30c (69 delta) &/or Stock
http://www.investmenthouse.com/cs/otex.html

Leader:

Play Date: 11/28/2007
FSLR (First Solar--$215.88; +8.26; optionable): Solar energy circuitry/gathering systems
http://biz.yahoo.com/p/f/fslr.html
EARNINGS: Announced 11-7-07
STATUS: Flying plateau. Working laterally the past two weeks in a tight range, waiting for the 10 day EMA (205.66) to rise and catch up with it after a strong move higher on its earnings run. It gapped on that earnings announcement, moving to 225. It came back and filled the gap, then started working higher once more. The lateral move the past two weeks was on low volume, setting FSLR up for a nice run higher. Volume rallied Wednesday to above average levels, but FSLR did not make the big break. Looking for it to do so and join the rally, likely on Thursday.
Volume: 4.339M Avg Volume: 3.488M
BUY POINT: $218.88 Volume=5.2M Target=$249.95 Stop=$210.75
POSITION: HJQ AD - Jan. $220c (54 delta)
http://www.investmenthouse.com/cs/fslr.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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