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Begin Part 2 of 2
We apologize for the tardiness of the report. We are having to deal with heavy storms and flooding again down here, trying to keep things dry and keep the equipment running.
SUBSCRIBER QUESTIONS and TEAM TRADES
Due to some flooding and severe storms in the area we were unable to prepare any questions or trades. We will resume again in the weekend report.
THE PLAYS:
Good movers: COH; COLM; DOCC; INTL; MLNM; RCII; VFC; WTW
Thursday plays:
MLNM: Hit the buy on some good volume.
AMGN: Still looking very good in this lateral move.
SBIB: Tried a higher move, tested all the way to the 50 day MVA, and then recovered. Hand over the Pepto.
Best Plays:
1) MOR: Looks ready to make the move, showing high volume.
2) WEDC: Looks ready to move.
3) Watchlist: ACL is trying to make the move. USNA is forming up very well.
NEW PLAYS:
Upside:
MOR (Morgan Keegan--$11.1; +0.07; no options): Credit services
http://biz.yahoo.com/p/m/mor.html
STATUS: Trading range/ascending wedge. MOR has been banging around from 10 to 11 the past three weeks, but the last two sessions it has started to show some volume as it tests the breakout. Money flow has turned up sharply the past two weeks ahead of the price, and accumulation looks good at 3 accumulation weeks to 2 distribution weeks. It is above the 50 day MVA and has plenty of room up to the 200 day MVA (13.62).
Volume: 21K Avg Volume: 14.326K
BUY POINT: $11.25 Volume=23K Target=$13.48 Stop=$10.46
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cd/mor.html
XOMA (Xoma LTD--$4.85; +0.20; no options): Biotechnology
http://biz.yahoo.com/p/x/xoma.html
STATUS: Cup w/handle. At the bottom of its base, so it is hard to call this a cup with handle technically. Still, accumulation is solid at 5 accumulation weeks to 2 distribution weeks. It is not one we want to hold forever, but it is one we can let run up to the 200 day MVA when it starts its move and give us a nice return.
Volume: 845.887K Avg Volume: 526.181K
BUY POINT: $4.92 Volume=710K Target=$6.51 Stop=$4.45
POSITION: - Stock
http://www.investmenthouse.com/cd/xoma.html
Revisited:
WEDC (White Electronic Desings--$7.35; 0; no options): Semiconductor
http://biz.yahoo.com/p/w/wedc.html
STATUS: Ascending wedge. WEDC continues to work up in its pattern sporting stronger, average volume the last two sessions as it tested the 50 day MVA (7.03) and rallied back. Money flow remains solid as does accumulation. It is just waiting for a reason to make the breakout.
Volume: 72.6K Avg Volume: 73K
BUY POINT: $7.63 Volume=105K Target=$9.85 Stop=$7.1
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cd/wedc.html
MEMBER PORTFOLIO: CUB, EBAY, HOTT; LOW, NOC, PG, QLGC, RCII, SRCL, WM
NOC 07/06 Test 50 115.51 +0.14 0 0 1.9M 1.7M 0
Not bad action. Testing the 50 and 200 day MVA after making the break last week. Needs a break over 116 on that rising volume.
RCII 07/06 Cup 55.55 +1.63 0 0 484K 0 0
Making the move off the 50 day MVA on continued above average volume.
CONTINUING/WATCHLIST:
We have made a change to the table. Instead of average volume we have included the target volume.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$DJX 08/12 A Wedge 12.54 +0.04 87.72 92.55 890K 0 84.95
Current. Hit the buy today on the move over the late July high. Now it needs to clear the 50 day MVA.
ACL 08/06 DB hdl 35.58 +0.88 35.81 42.94 383K 900K 33.31
Buy alert not issued. Close to the buy on stronger volume. Ready for that push of volume.
AMGN 08/14 BO 47.8 +0.27 47.75 52.75 13M 18M 45.15
Current. Started the move but stalled out. Still in the good lateral move above the 10 day MVA. Looks like a matter of time.
AMGN 08/03 Test 50 47.8 +0.27 44.75 52.65 13M 20M 45.15
Current.
AMI 07/24 A Wedge 6.31 +0.16 6.77 9.94 62K 173K 6.45
Current. Back over the 50 day MVA on low volume. We will see if it is stickier this time.
BRKL 08/12 BO 12.54 +0.04 12.11 15.12 890K 1.1M 11.51
Current. Another move up but closed on the session low. Letting it ride for now.
CFCP 07/29 A Wedge 14.29 -0.06 15.55 18.65 8.9K 55K 14.35
Buy not hit. Testing the 50 day MVA, completing the pattern.
COH 08/13 BO 26.98 +1.48 25.55 30 1.1M 1.4M 23.76
Current. Shot higher again.
COLM 08/13 BO 37.99 +0.49 36.85 42.38 185K 275K 34.27
Just won't quit rallying higher, attracting some more volume Thursday.
COLM 08/01 Dbl btm 37.99 +0.49 35 39.95 185K 275K 35.45
COLM 07/27 Dbl btm 37.99 +0.49 34.25 39.95 185K 275K 35.45
CUB 07/06 Cup 21 -0.05 0 0 63K 0 0
CVTX 07/31 BO 27.25 -0.55 24.05 30 615K 1.3M 25
Current. Testing the Wednesday move a bit, showing a doji and holding most of the gains.
DOCC 08/08 BO 14.2 +1.24 13.75 16.5 240K 200K 12.79
Current. Hit the new buy point.
DOCC 07/25 BO 14.2 +1.24 11.9 14.25 240K 200K 12.65
Took the gain.
DROOY 05/21 A Wedge 3.28 +0.19 4.85 7 2.1M 4M 4.30
EBAY 07/02 Test 50 58.69 +1.21 57.95 63 8.1M 600K 58.50
HOTT 07/06 Test 50 16.51 +1.05 0 0 1.1M 1M 0
INTL 08/05 Dbl btm 23.36 +1.5 21.49 24.65 833K 375K 20.45
Current. Blasting higher on strong volume.
IVGN 08/08 BO 36.14 -0.35 36.35 42.25 1.4M 1.5M 33.57
JBLU 08/01 cup hdl 41 +0.95 48.65 54.45 692K 350K 44.85
LOW 07/06 Test 50 37.94 +1.19 0 0 4.4M 0 0
MLNM 08/14 Test 50 14.62 +0.53 14.35 19 7.2M 7M 13.35
Current. Rallying on rising volume, but not a huge breakout yet.
MOR 08/15 A Wedge 11.1 +0.07 11.25 13.48 21K 23K 10.46
New.
MTXX 07/31 A Wedge 9.8 +0.1 10.05 12 17K 38K 9.35
Buy not hit. Still in the pattern.
NBTB 08/10 A Wedge 17.35 -0.61 18.35 22 11K 85K 17.07
Buy not hit. Loooked like a breakout but then turned back Thursday on very low volume.
NOC 07/06 Test 50 115.51 +0.14 0 0 1.9M 1.7M 0
PG 07/05 Put 91.32 -1.57 0 0 4.5M 4.5M 0
QLGC 08/07 Put 35.27 +1.5 38.25 34.35 22M 17M 36.55
QLGC 07/06 Test 18 35.27 +1.5 0 0 22M 16M 0
RCII 07/06 Cup 55.55 +1.63 0 0 484K 0 0
SBIB 08/08 Dbl btm 15.1 +0.04 15.35 18.35 133K 203K 14.28
Buy not hit. Wild move Thursday.
SCIO 07/29 cup hdl 25.11 -1.54 32.55 39 2.2M 1.5M 29.95
Back below the 200 day MVA.
SSD 08/01 PreSplt 59.51 +0.62 58.05 68 12K 25K 57.85
Continued the move up off the 50 day MVA but on low volume.
TELK 08/03 Test BO 13.9 -0.09 14.65 17.65 485K 400K 13.05
Current. Was heading higher but then tested the 18 day MVA on the low before rebounding on stronger, above average volume. Still in good shape on the move off the 18 day.
USNA 08/10 cup hdl 6.5 +0.09 7.35 10 9.9K 65K 6.55
Buy not hit. Forming up even better, testing lower on very low volume. Waiting for the breakout.
VALM 07/29 BO 22.33 +0.83 22.38 26.85 48K 120K 20.81
Racing higher but on no volume for now.
VFC 08/10 DB hdl 42.93 +0.7 40.65 45 387K 440K 40.05
Current. Continued to move up but on lower volume.
WEDC 08/07 A Wedge 7.35 0 7.63 9.85 73K 105K 7.1
Buy not hit. Looking good.
WM 08/03 A Wedge 38 +0.19 37.55 42.25 4.9M 5.2M 38.85
Current. Small gain on a doji with rising volume.
WTW 08/10 BO 46.87 +0.92 44.44 49.75 510K 546K 42.74
Current. Continued the move on above average volume though it was lower.
WTW 05/23 Test BO 46.87 +0.92 43.7 50 510K 250K 42.74
XOMA 08/15 A Wedge 4.85 +0.2 4.92 6.51 846K 710K 4.45
New.
Good Investing!
Jon L. Johnson and The Daily 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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