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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
New Post-Split Plays:
Play Date: 03/05/2008
MUR (Murphy Oil--$83.93; +2.16; optionable): Oil and gas refining, marketing
http://biz.yahoo.com/p/m/mur.html
EARNINGS: Announced 1-30-08
STATUS: Double bottom w/handle. Starting to break higher from a week of lateral movement that formed a handle to the 9 week base. The base used the 200 day SMA (69) as support, showing that the big money was not abandoning it at that point. The break higher Wednesday was on lower volume; want to see that improve as it continues the break higher on toward a new all-time high after setting the foundation with this base.
Volume: 1.54M Avg Volume: 1.503M
BUY POINT: $84.32 Volume=2.3M Target=$96.95 Stop=$80.78
POSITION: MUR GQ - July $85c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/mur.html
New Leader Play:
Play Date: 03/05/2008
DRS (DRS Technologies--$57.85; +0.99; optionable): Aerospace/defense
http://biz.yahoo.com/p/d/drs.html
EARNINGS: Announced 2-8-08
STATUS: Cup w/handle. Nice volume surge Wednesday as DRS headed toward the breakout from a nicely formed 13 week base formed to set the foundation for the next run higher. DRS hit a new high in December and needed to work off the froth. This base has done that and with money flow surging higher ahead of the price it looks as if DRS is ready to follow it higher. Nice. One of the sectors we note looks good.
Volume: 735.7K Avg Volume: 481.568K
BUY POINT: $58.08 Volume=700K Target=$66.85 Stop=$56.22
POSITION: DRS FK - June $55c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/drs.html
New Downside Plays:
Play Date: 03/05/2008
ARG (Airgas--$47.06; +0.86; optionable): Industrial equipment
http://biz.yahoo.com/p/a/arg.html
EARNINGS: Announced 1-28-08
STATUS: Put. Broke down through the 200 day SMA (47.83) Tuesday, continuing a three day selloff on sharply higher, above average volume. It stalled out at the July peak and rolled over. Wednesday it rebounded to test the 200 day, moving up on low volume. That typically shows just a relief move and we are looking for a turn back down to give us a buy point for the continued mover lower. A move to the target lands a 44%ish gain.
Volume: 720.553K Avg Volume: 733.952K
BUY POINT: $46.24 Volume=750K Target=$43.15 Stop=$47.69
POSITION: ARG PJ - Apr. $50p (-64 delta)
http://www.investmenthouse.com/ci/arg.html
Play Date: 03/06/2008
PRE (Partnerre Ltd.--$75.59; -1.40; optionable): P&C Insurance
http://biz.yahoo.com/p/p/pre.html
EARNINGS: Announced 2-4-08
STATUS: Put. PRE has formed a broad umbrella top the past 4.5 months. It broke below the 200 day SMA (now at 77.88), rebounded but stalled out and rolled back over. It tried to hold at the 200 day to end February , but it broke lower. Monday and Tuesday it tried to bounce off some support at 76, but Wednesday it rolled over and sold through that level. Ready to move in as PRE continues lower and follows some tanking money flow. A move to the target lands a 55%ish gain.
Volume: 600.6K Avg Volume: 609.745K
BUY POINT: $75.38 Volume=625K Target=$72.21 Stop=$76.65
POSITION: PRE PQ - Apr. $75p (-42 delta)
http://www.investmenthouse.com/ci/pre.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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