|
|
stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
New Post-Split Plays:
Play Date: 06/02/2008
BTU (Peabody Energy--$77.52; +3.60; optionable): Coal
http://biz.yahoo.com/p/b/btu.html
EARNINGS: Third week of July
STATUS: Test 18 day EMA. BTU just made the second test of the early April breakout from a nice 13 week double bottom base. Rallied to 80 in mid-May then faded back to test near support at the 18 day EMA (72.77) last week, working laterally through Friday. Nice price and volume break higher Monday, starting the next run in the breakout. Ready to move in as it continues this move. BTU is in a larger 2 year cup base, but regardless, it is making a nice run and we are ready to add to our coal portfolio as it continues this move.
Volume: 7.6M Avg Volume: 6.282M
BUY POINT: $77.82 Volume=7M Target=$89.95 Stop=$74.95
POSITION: BTU IO - Sept. $75c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/btu.html
Play Date: 06/02/2008
VIP (Vimple Communication--$35.07; -0.20; optionable): Russian wireless telecom
http://biz.yahoo.com/p/v/vip.html
EARNINGS: 6-4-08
STATUS: Double bottom w/handle. Got a bit too jumpy with Vimpel on Monday, getting shaken out as it undercut the 10 day EMA (34.87) and then rebounded to hold that level. Though earnings are out on the fourth (that will make it very late on the third here) we still like the 5 month base, and are willing to take some positions as VIP continues higher.
Volume: 2.032M Avg Volume: 3.425M
BUY POINT: $35.55 Volume=5M Target=$41.95 Stop=$33.94
POSITION: VIQ JG - Oct. $35c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/vip.html
New buy point on current position:
Play Date: 06/02/2008
RS (Reliance Steel--$68.94; +0.97; optionable): Metal fabrication
http://biz.yahoo.com/p/r/rs.html
EARNINGS: 7-17-08
STATUS: Flying plateau. RS broke sharply higher in early May out of a 5 week lateral consolidation, the handle to a large 14 month double bottom base. The move took RS to a new all-time high, and then it rested, forming this base. Huge volume spike Friday, but that could have been position shuffling at month end. Monday the volume was considerably lower, but RS broke to a new all-time high. Ready to step in as RS continues this move higher.
Volume: 875.229K Avg Volume: 935.452K
BUY POINT: $69.31 Volume=1.2M Target=$79.95 Stop=$66.88
POSITION: RS IN - Sept. $70c (48 delta, 312 OI) or RS IM - Sept. $65c (68 delta) &or Stock
http://www.investmenthouse.com/ci/rs.html
New Leader Play:
Play Date: 06/02/2008
SGR (Shaw Group--$62.41; +1.41; optionable): Heavy construction services
http://biz.yahoo.com/p/s/sgr.html
EARNINGS: Announced 4-9-08
STATUS: Double bottom w/handle. Huge volume Friday and though lower Monday, SGR continued higher, moving out of the handle of a 13 week base. This is part of a larger 7 month double bottom with handle base, a 'W' within a 'W.' Formed this base after making a new high in October and November 2007. After a solid run in 2007 it needed a good base to consolidate, and this pattern has done that. Ready to move in as SGR continues higher as another nice strong stock sets up.
Volume: 1.893M Avg Volume: 1.893M
BUY POINT: $62.77 Volume=2.2M Target=$72.95 Stop=$59.92
POSITION: SGR GL - July $60c (74 delta) or SGR JL - Oct. $60c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/sgr.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.
|
stock split
stock recommendation
|
