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Begin part 3 of 3
THE PLAYS:
New Post-Split Plays:
Play Date: 12/19/2007
RESP (Respironics--$52.46; +0.71; optionable): Medical appliances
http://biz.yahoo.com/p/r/resp.html
EARNINGS: Third week of January 2008
STATUS: Test breakout. Nice break higher on volume to start the second week of December, clearing an 8 week base that formed using the 50 and 90 day SMA as support. The move took RESP to a new high, and when it got there it slid laterally the past week, holding its ground as the 10 day EMA (51.58) rose to meet it. It got there on Wednesday and RESP jumped higher to a new closing high. Looking to move in as RESP continues the move on some good volume.
Volume: 469.82K Avg Volume: 440.654K
BUY POINT: $52.92 Volume=650K Target=$60.95 Stop=$61.32
POSITION: RBQ DJ - Apr. $50c (64 delta, low OI) &/or Stock
http://www.investmenthouse.com/cs/resp.html
New Pre-Announcement:
Play Date: 12/19/2007
SII (Smith International--$70.27; +2.09; optionable): Oil and gas service company
http://biz.yahoo.com/p/s/sii.html
EARNINGS: Third week of January 2008
STATUS: Reverse head and shoulders. Strong volume and a solid price move Wednesday as SII makes the break from its 10 week base as it starts the trek for another new all-time high. Sweet pattern and this one looks to be a real runner and is ready to move again.
Volume: 3.356M Avg Volume: 2.535M
BUY POINT: $70.65 Volume=2.8M Target=$81.45 Stop=$67.48
POSITION: SID CN - Mar. $70c (63 delta) &/or Stock
http://www.investmenthouse.com/cs/sii.html
Leaders:
Play Date: 12/19/2007
CF (CF Industries--$97.75; +1.52; optionable): Ag chemicals
http://biz.yahoo.com/p/c/cf.html
EARNINGS: Last week of January 2008
STATUS: Cup w/handle. Taking another run at CF as it continues to work laterally over the 10 and 18 day EMA (93.39), forming a more elongated handle to its 6 week base. It broke higher to start December then came back to the 18 day EMA. Shook is out of our prior position but has held up, and we are looking to move back into this leader as it continues the break higher. Solid as it used the 50 day EMA as support for the base, showing the big investors are hanging with it and its global story.
Volume: 1.552M Avg Volume: 2.193M
BUY POINT: $99.22 Volume=3M Target=$118.95 Stop=$93.22
POSITION: CF BB - Feb. $100c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/cf.html
Play Date: 12/19/2007
CME (Chicago Merchantile Exchange--$693.50; +1.50; optionable)
http://biz.yahoo.com/p/c/cme.html
EARNINGS: Third week of January 2008
STATUS: Breakout test. Excellent low volume test of the 10 and 18 day EMA the past week as the trading range narrows and CME readies for the next run in the breakout form its 6 week base formed in October and November. Excellent relative strength and ready to move in when it breaks higher. Options on a $700 stock are a bit pricey, but the returns as seen with GOOG, BIDU and the like can be downright staggering.
Volume: 407.465K Avg Volume: 644.212K
BUY POINT: $700.88 Volume=966K Target=$774.75 Stop=$688.00
POSITION: CWO CT - Mar. 700c 48 delta)
http://www.investmenthouse.com/cs/cme.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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