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CN None
IFF  
NBL  
SYX  

New Long Plays

China Netcom - CN - cls: 56.12 change: +1.72 stop: 53.89

Company Description:
We are a leading broadband communications and fixed-line telecommunications operator in China. Our service region in China consists of Beijing Municipality, Tianjin Municipality, Hebei Province, Henan Province, Shandong Province, Liaoning Province, Heilongjiang Province, Jilin Province, Neimenggu Autonomous Region and Shanxi Province. In these regions, we are a dominant provider of fixed-line telephone services, broadband and other Internet-related services, as well as business and data communications services. (source: company press release or website)

Why We Like It:
The Chinese market is still red hot and the ADR shares of CN look like they have finished their consolidation. Traders have bought the dip twice near support around $54.00. Today's rally pushed CN past technical resistance at its 10-dma. We are suggesting long positions now with CN above $55.00. Our stop is just under yesterday's low. Our first target is the $59.75-60.00 range. Our second target is the $62.00-62.50 zone. The Point & Figure chart is very bullish with a $ 73 target.

Picked on July 12 at $56.12
Change since picked: + 0.00
Earnings Date 08/20/07 (unconfirmed)
Average Daily Volume: 103 thousand

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Intl. Flavors - IFF - cls: 53.89 change: +1.42 stop: 51.45

Company Description:
IFF is a leading creator of flavors and fragrances used in a wide variety of consumer products and packaged goods. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents and household goods, as well as beverages, confectionary and food products. The Company leverages its competitive advantages of brand understanding and consumer insight combined with its focus on R&D and innovation, to provide customers with differentiated product offerings. (source: company press release or website)

Why We Like It:
IFF just broke out from a two and a half month sideways consolidation pattern above the $50.00 level. Technicals are positive and the rally past resistance near $53.00 looks like a new entry point to buy the stock. We're suggesting long positions now. Our target is the $57.50-60.00 range. The P&F chart is bullish with an $83 target.

Picked on July 12 at $53.89
Change since picked: + 0.00
Earnings Date 08/07/07 (confirmed)
Average Daily Volume: 534 thousand

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Noble Energy - NBL - cls: 65.61 chg: +0.65 stop: 63.90

Company Description:
Noble Energy is one of the nation's leading independent energy companies and operates throughout major basins in the United States including Colorado's Wattenberg Field, the Mid-continent region of western Oklahoma and the Texas Panhandle, the San Juan Basin in New Mexico, the Gulf Coast and the deepwater Gulf of Mexico. In addition, Noble Energy operates internationally in Argentina, China, Ecuador, the Mediterranean Sea, the North Sea, West Africa and Suriname. Noble Energy markets natural gas and crude oil through its subsidiary, Noble Energy Marketing, Inc. (source: company press release or website)

Why We Like It:
We remain bullish on energy and the oil stocks. NBL has rebounded back toward record highs. More aggressive traders may be tempted to jump in now. We want to see shares broke through resistance near $66.00. If NBL can trade over $66.00 it will produce a new triple-top breakout buy signal on the Point & Figure chart. Our trigger is at $66.01. If triggered our target is the $69.90-70.00 range. More aggressive traders may want to aim higher.

Picked on July xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 08/01/07 (unconfirmed)
Average Daily Volume: 1.2 million

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Systemax Inc. - SYX - cls: 22.01 change: +1.25 stop: 19.99

Company Description:
We are a direct marketer of brand name and private label products,
including personal desktop computers (PC's), notebook computers, computer related products, and industrial products, in North America and Europe. We assemble our own PCs and sell them under the trademarks Systemax,Tiger and Ultra. In addition, we market and sell computers manufactured by other leading companies. (source: company press release or website)

Why We Like It:
It looks like the consolidation in SYX is ending. Shares soared 6% to breakout from its two-week trading range. The stock is building on a bullish pattern of higher lows. The P&F chart is already bullish with a $33 target. We are suggesting long positions with SYX above $22.00. Our first target is the $24.90-25.00 range. Beware potential resistance at the $24.00 level. We do have an aggressive (wide) stop loss and more conservative traders may want to tighten their stops. We can't find any future earnings reporting date for SYX but the company has a history of reporting in August.

Picked on July 12 at $22.01
Change since picked: + 0.00
Earnings Date 08/01/07 (unconfirmed)
Average Daily Volume: 479 thousand
 

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