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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
New Pre-Announcement Play:
Play Date: 04/02/2008
MBT (Mobile Telesys--$82.01; +2.91; optionable): Russian wireless telecom
http://biz.yahoo.com/p/m/mbt.html
STATUS: Double bottom. Strong run from September to January 1 after breaking out from a nice reverse head and shoulders. It then sold back with the market, forming the current 12 week base. It has made a double bottom using the 200 day SMA (77.29) as support. Gapped higher on a strong shot of above average volume Wednesday, moving through the 50 day EMA as it did. This is the kind of nice break higher that we want to buy into as MBT is a market leader that has put together a nice base.
Volume: 2.068M Avg Volume: 1.805M
BUY POINT: $82.72 Volume=2.2M Target=$99.75 Stop=$78.88
POSITION: MBT FP - June $80c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/mbt.html
New Post-Split Play
Play Date: 04/02/2008
COST (Costco--$66.25; -0.24; optionable): Wholesale club
http://biz.yahoo.com/p/c/cost.html
EARNINGS: 5-29-08
STATUS: Trend reversal. After selling off in a 15 week downtrend, COST jumped higher two weeks back, clearing the downtrend after a quick double bottom as the market bottomed in March. It is just coming off a test of that reversal, tapping the 200 day SMA (63.77) Monday and rebounding off a nice doji. It paused Wednesday at the 90 day SMA. Looking for more volume to drive it higher and past the March peak. On a move with more volume we will be ready to move in.
Volume: 3.978M Avg Volume: 6.334M
BUY POINT: $67.22 Volume=9M Target=$76.95 Stop=$64.88
POSITION: PRQ GU - July $67.50c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/cost.html
New Leader Plays:
Play Date: 04/02/2008
CRM (Salesforce.com--$62.30; +1.08; optionable): Customer relationship management
http://biz.yahoo.com/p/c/crm.html
EARNINGS: Late May
STATUS: Cup w/handle. Strong volume Wednesday as CRM surged higher, breaking out of its 13 week base. Unfortunately it faded back from 66, giving up 4/5 of its move on the session. Still, a very nice base and very ready to breakout and lead the market. Strong money flow. Very nice.
Volume: 2.945M Avg Volume: 1.939M
BUY POINT: $62.57 Volume=2M Target=$71.95 Stop=$59.11
POSITION: CRM HL - Aug. $60c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/crm.html
Play Date: 04/02/2008
ROC (Rockwood Holdings--$35.21; +0.79; optionable): Chemicals
http://biz.yahoo.com/p/r/roc.html
EARNINGS: 4-30-08
STATUS: Reverse head and shoulders. Volume surged Wednesday as ROC broke out from its 19 week base that formed at the bottom of a 6 month cup. Excellent price/volume action of late, showing a surge in volume in March as it broke higher and finished the head, then a nice volume fade as it tested back, then the upside strong volume on the breakout. Looking to move in as ROC continues the move higher.
Volume: 477.5K Avg Volume: 388.908K
BUY POINT: $35.42 Volume=525K Target=$40.95 Stop=$33.78
POSITION: ROC HG - Aug. $35c (60 delta, no OI) &/or Stock
http://www.investmenthouse.com/ci/roc.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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