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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
New Pre-Announcement Plays:
Play Date: 03/24/2008
CELG (Celgene--$60.20; +2.29; optionable): Biotech
http://biz.yahoo.com/p/c/celg.html
EARNINGS: 5-8-08
STATUS: Flat base. CELG is breaking higher out of its 8 week flat base, moving past the 200 day SMA (60) on Monday. Volume surged Thursday as CELG held flat, maybe just expiration, but Monday CELG was on the move. This flat base is part of its 6 month base that is more or less a cup. CELG needed this break after a 2005 to October 2007 run and this is doing the job, building the foundation for the next run. Looking to take some positions as CELG continues the break above the 200 day and then we will see how it tests and then add when it gives us the bounce after that test.
Volume: 5.341M Avg Volume: 5.811M
BUY POINT: $60.39 Volume=6M Target=$72.75 Stop=$57.45
POSITION: LQH GL - July $60c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/celg.html
New Leaders:
Play Date: 03/24/2008
DBC (DB Commodity Index ETF--$35.69; +0.64; optionable)
http://biz.yahoo.com/p/d/dbc.html
STATUS: Test 50 day EMA. The DBC commodity ETF made us some money on its February to March run and then it hit the skids as the dollar firmed on the most recent Fed action. It broke sharply lower Thursday but recovered the 50 day EMA (35) on the close. Modest bounce Monday on lower but above average volume. It tested its trendline for this run last week and it held. Looking to see if we get some upside volume to show us the buyers are back and we can come to the table as well.
Volume: 1.459M Avg Volume: 1.013M
BUY POINT: $36.11 Volume=1.5M Target=$41.55 Stop=$34.91
POSITION: DBC GI - July $35c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/dbc.html
Play Date: 03/24/2008
LIFC (Lifecell--$42.29; +2.79; optionable): Biotechnology
http://biz.yahoo.com/p/l/lifc.html
EARNINGS: Announced 2-27-08
STATUS: Double bottom. LIFC double bottomed off the 200 day SMA (37.69) and then surged higher Monday on a second straight session of strong volume. Wasn't no expiration volume. It blew past the early March peaks that marked the 'hump' in the 14 week pattern, and we are looking to take some positions as it continues higher, following its very strong money flow. After that it will likely test the move, making a higher low as it does. That will be our opportunity to take some more positions as it proves it can hold its breakout. Very nice.
Volume: 953.178K Avg Volume: 586.803K
BUY POINT: $42.65 Volume=650K Target=$48.95 Stop=$41.04
POSITION: QLK FV - June $42.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/lifc.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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