stock split, stock recommendation

Begin part 3 of 3

Full report issues Tuesday.

THE PLAYS

New Pre-Announcement Play:

Play Date: 07/07/2008
CELG (Celgene--$69.19; +1.82; optionable): Biotechnology
http://biz.yahoo.com/p/c/celg.html
EARNINGS: Early August
STATUS: Breakout test. CELG gapped higher to start the month, finally getting some life in its 9 month base. A big winner through October 2007 it has now based out, setting the foundation for a new breakout and run higher. Got the break last week, tested a couple of days, then was back up Monday on rising, above average volume. Nice breakout, refused to give up the gains, now moving back up. Ready to move in as it continues the bounce after the breakout.
Volume: 6.02M Avg Volume: 4.183M
BUY POINT: $69.49 Volume=6M Target=$79.95 Stop=$66.88
POSITION: LQH JM - Oct. $65c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/celg.html

New Leader:

Play Date: 07/07/2008
SE (Spectra Energy--$27.96; -0.06; optionable): Oil & gas pipelines
http://biz.yahoo.com/p/s/se.html
EARNINGS: Early August
STATUS: Test breakout. SE broke higher two weeks back on strong volume, moving up out of a 11 month double bottom w/handle base. It rallied to 29 then started to test back, coming to near support at the 18 day EMA (27.90). Love the first test of a breakout as it shows the stock's backing as big buyers move back in even at a higher price. New issue in January 2007, a relatively new issue coming out of its first base. Very nice and very solid despite the weakness with most other stocks in the energy sector.
Volume: 5.305M Avg Volume: 3.246M
BUY POINT: $28.32 Volume=5M Target=$33.95 Stop=$27.48
POSITION: SE IY - Sept. $27.50c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/se.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