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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
Post-Split Plays:
Play Date: 05/07/2008
BAM (Brookfield Asset Management--$34.15; -0.08; optionable): Asset management services
http://biz.yahoo.com/p/b/bam.html
EARNINGS: Announced 4-30-08
STATUS: Test 200 day SMA. BAM surged in April ahead of its earnings report, breaking form a 2 month double bottom with handle base that turned out to be the bottom of its selloff that started in mid-2007. Strong surge up through the 200 day SMA (33.51) to start May, then sidestepping the past week in a narrow range just over that key level. Volume surged higher Wednesday as BAM gapped modestly higher then closed flat. Very good relative strength for a financial in the Wednesday trade, and looking for this strength to provide another break higher and run toward 40.
Volume: 2.13M Avg Volume: 1.348M
BUY POINT: $34.75 Volume=2M Target=$39.95 Stop=$33.39
POSITION: BAM IG - Sept. $35c (54 delta, 139 OI) &/or Stock
http://www.investmenthouse.com/ci/bam.html
Play Date: 05/07/2008
CX (Cemex SA--$28.13; -0.97; optionable): Cement
http://biz.yahoo.com/p/c/cx.html
EARNINGS: Announced 4-21-08
STATUS: Cup. A big leader in 2006 and to mid-2007, CX them peaked in June of that year and started the current long base. It bottomed in January and bounced, then moved laterally until starting higher to end April. A nice rounded bottom has formed, and the break above the 200 day SMA (28.17) Monday on stronger, above average volume was a key milestone. It added to the gain Tuesday then fell back to that support on Wednesday as volume fell back. This is a considerable base and thus is solid. Looking for CX to hold the bottom it has poured here and break higher off this support and continue a steady trend higher.
Volume: 5.908M Avg Volume: 5.32M
BUY POINT: $28.88 Volume=7M Target=$34.95 Stop=$27.89
POSITION: CIZ GE - July $25c (78 delta) &/or Stock
http://www.investmenthouse.com/ci/cx.html
Leaders:
Play Date: 05/07/2008
BMRN (Biomarin Pharmaceuticals--$37.54; -0.12; optionable): Biotech
http://biz.yahoo.com/p/b/bmrn.html
EARNINGS: Announced 4-29-08
STATUS: Double bottom w/handle. Strong surge higher the last day of April completed the last bounce of the 12 week base. Rallied to 38 and then slid laterally the past week on low volume in a narrow range, holding over the 90 day SMA (36.44) as it forms the handle to its base. Money flow is leading higher even as BMRN works laterally. Perched for the breakout to a new all-time high and this base has set the move up well.
Volume: 1.263M Avg Volume: 1.914M
BUY POINT: $38.21 Volume=2.9M Target=$45.95 Stop=$36.21
POSITION: NUR GG - July $35c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/bmrn.html
Play Date: 05/07/2008
RTH (Retail ETF--$95.62; -0.93; optionable)
http://biz.yahoo.com/p/r/rth.html
STATUS: Test 200 day SMA. Taking another look at RTH as it tests further, holding the 200 day SMA (95.42) on the Tuesday and Wednesday lows. Set up a double bottom spanning January and March, breaking out in late October. It is testing that move and is set to make the next break higher if it can get a market catalyst.
Volume: 5.657M Avg Volume: 6.961M
BUY POINT: $97.75 Volume=10M Target=$107.00 Stop=$95.22
POSITION: RTH GS - July $95c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/rth.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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