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New Plays
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BX None
JNPR  

New Long Plays

Blackstone - BX - close: 19.84 chg: +1.74 stop: see text

Company Description:
Blackstone is a leading global alternative asset manager and provider of financial advisory services listed on the New York Stock Exchange (ticker symbol BX) with total assets under management of approximately $98.2 billion as of September 30, 2007. (source: company press release or website)

Why We Like It:
Shares of BX have produced a classic, three-candle bullish reversal pattern. The stock soared today with a 9.6% gain following news of a $500 million buy back program. This does look a trade-worthy bottom. We are suggesting two different entry points based on what happens next. If BX continues to rally then we are suggesting a trigger to buy the stock at $20.61 with a stop loss at $18.45. If BX pulls back then we're suggesting a trigger to buy the stock at $19.25 with a stop loss at $17.24. These can be a volatile stock so we're listing this as a speculative, higher-risk play. Our target is the $24.00-25.00 range. We do not want to hold over the February earnings report.

Picked on January xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/11/08 (unconfirmed)
Average Daily Volume: 2.7 million

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Juniper Networks - JNPR - cls: 30.67 chg: -0.15 stop: 29.34

JNPR just barely nicked our stop loss this morning and the weakness was probably exacerbated by the management shake up. We are suggesting readers buy the bounce again. However, this time we're listing a trigger to open positions at $31.25. Our new stop is $29.34. Our target is the $34.00-35.00 range. We don't have a lot of time as we plan to exit ahead of the January 24th earnings report.

Picked on January ** at $xx.xx <-- see trigger
Change since picked: + 0.00
Earnings Date 01/24/08 (confirmed)
Average Daily Volume: 7.7 million
 

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