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stock recommendation, stock investment information
Begin Part 2 of 2
THE PLAYS:
Wednesday plays:
JOSB: Big breakout.
VMI: Still looks good, starting to rise off the 10 day MVA on rising volume.
XTO: Turned back from the breakout.
MTG: Making the move lower
Best Plays:
1) C: Ready to fall
2) CMA: Ditto.
3) Continuing: VMI still ready for the next move. PPG is again starting to fall on rising volume. DJX now looks ready.
NEW PLAYS:
Downside:
C (Citigroup--$30.14; -0.73; optionable): Big bank
http://biz.yahoo.com/p/c/c.html
STATUS: Put. Not a pretty session, gapping up to the 18 day MVA on the high (31.80) and then tanking. Volume was actually up on this shortened session, indicating heavier selling. Looks ready to continue the test lower.
Volume: 16.324M Avg Volume: 24.015M
BUY POINT: $29.96 Volume=20M Target=$26 Stop=$32
POSITION: C VZ - Oct. $32.50p (-66 delta)
http://www.investmenthouse.com/cd/c.html
CMA (Comerica--$55.8; -0.42; optionable): Midwest regional bank
http://biz.yahoo.com/p/c/cma.html
STATUS: Put. A very harsh day for regional banks. CMA continued a breach of its short term moving averages that started Tuesday on massive volume and cracked below additional support Wednesday. We are ready to get on board at this point as the financial stocks are the first under attack after being one of the last to join the recent rally.
Volume: 673.1K Avg Volume: 993.5K
BUY POINT: $55.45 Volume=1M Target=$52 Stop=$57.45
POSITION: CMA VL - Oct. $60p (-87 delta)
http://www.investmenthouse.com/cd/cma.html
Upside (revisited):
WOR (Worthington Industries--$18.79; +0.48; optionable): Steel and iron
Play Date: 09/04/2002
http://biz.yahoo.com/p/w/wor.html
STATUS: Cup w/handle. A big volume spike Tuesday tried the breakout, and Wednesday the stock started to rise again, holding on to most of the session gains. WOR looks ready to make the move. Being patient, looking for the move and the volume.
Volume: 277.3K Avg Volume: 435.181K
BUY POINT: $19.06 Volume=625K Target=$22.85 Stop=$17.65
POSITION: WOR LC - Dec. $15c (80 delta) and/or Stock
http://www.investmenthouse.com/cd/wor.html
MEMBER PORTFOLIO: CUB, EBAY, HOTT; LOW, NOC, PG, QLGC, RCII, SRCL, WM
These are the stocks that our subscribers vote to put in a 'portfolio' to track their progress and comment upon when they reach buy points, sell points, or levels to write some covered calls on. They are not covered every report, but when something interesting is developing we take note.
CUB 08/24 Test 50 21.23 +0.11 22.25 27.94 52K 205K 20.69
Doji on the 10 day MVA
LOW 07/06 Test 50 45.2 +0.68 0 0 4.1M 0 0
Nice move up off the 200 day MVA with surprisingly good volume for a short session.
CONTINUING/WATCHLIST: These are stocks that are current plays (the buy point hit), waiting for the buy point to be hit (buy not hit), or buy not made for various reasons (buy alert not issued). The date references the date the play first appeared on the report. Pivot is the buy point.
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 09/09 Put 85.81 -0.22 85.24 82.25 180K 0 85.75
Buy not hit.
ABK 08/27 Put 58.14 -0.56 57.94 53.15 242K 850K 58.05
Current. Turning back down after a doji at the down trendline Tuesday.
ACL 08/06 DB hdl 34.5 -0.45 38.11 42.45 376K 900K 35.44
Buy not issued. Not doing it.
ALLY 09/07 cup hdl 16.06 +0.51 15.86 18.25 850K 675K 14.55
Current. Issued the buy alert today on another solid move.
AMI 07/24 A Wedge 6.01 -0.06 6.77 9.94 24K 173K 6.45
Current. Still holding support at 6 as it works through the base.
AMMD 09/05 cup hdl 22.39 +0.3 23.57 27 106K 420K 21.92
Buy not issued.
ANN 09/03 Put 26.3 -0.54 24.96 21.25 346K 1.6M 26.15
Current. Fell further, closing at the 200 day MVA. Needs to break down now.
AXP 05/08 cup hdl 34.79 -0.21 43.53 52 2.9M 6M 40.48
Current. Gapped over the 50 day MVA and then fall back.
BEN 09/04 Put 34.23 -0.16 34.35 30.75 330K 950K 35.15
Current. Gapped higher and then reversed to close at the low.
BRKL 08/12 BO 12.37 -0.06 12.11 15.12 180K 1.1M 11.85
Current. Showing some cracks, closing just below the 18 day MVA with a doji. Still holding up, but needs to make a move soon.
C 09/11 Put 30.14 -0.73 29.96 26 16M 20M 32
New.
CARS 08/30 cup hdl 24.79 -0.41 25.18 28.95 73K 400K 23.42
Buy not issued. Tried to make the move early (as did many) and fell to the 10 day MVA on the close.
CFCP 07/29 A Wedge 14.56 +0.01 15.55 18.65 900 55K 14.35
Buy not issued.
CMA 09/11 Put 55.8 -0.42 55.45 52 673K 1M 57.45
New.
COH 08/22 cup hdl 29.25 -0.1 27.55 33 488K 1.4M 26.35
COH 08/13 BO 29.25 -0.1 25.55 30 488K 1.4M 26.35
Current. Holding up well.
COLM 08/13 BO 39 +0.2 36.85 42.38 154K 275K 36
COLM 07/27 Dbl btm 39 +0.2 34.25 39.95 154K 275K 35.45
Current. A doji on rising volume. May test 38.
CUB 08/24 Test 50 21.23 +0.11 22.25 27.94 52K 205K 20.69
Doji on the 10 day MVA
CVS 09/09 Put 29.5 -0.18 29.24 26 603K 3.3M 30.65
Buy not issued. Could not clear the 200 day MVA and sold back to the 50 day MVA. We will wait for the higher volume breakdown.
CYBX 08/20 Flat 19.21 +0.21 17.65 21.25 179K 280K 16.41
Got some volume Wednesday for a small gain. Looking for more Thursday to take positions.
DNA 09/03 Put 29.18 +0.29 30.84 27.25 2.2M 3.9M 32.05
Current. Rallied up to the 10 day MVA but then gave most of it back.
DROOY 05/21 A Wedge 4.29 +0.18 4.85 7 3.2M 4M 4.30
EBAY 08/27 Put 58.43 -1.41 56.95 53.25 6.4M 13M 56.25
Current. Gapped a bit higher but tanked back to the 200 day MVA. Needs to break down Thursday below 57.50.
ELAB 09/07 cup hdl 20.71 +0.52 19.25 22.65 287K 218K 17.89
Current. Was off to the races Wednesday, but then gave up most of the gain. Still in good shape.
FAF 09/09 cup hdl 21.36 -0.25 22.03 25.35 136K 511K 20.44
Buy not hit.
GE 08/17 A Wedge 29 -0.08 31.85 36 15M 35M 31.15
Current. Tapped the simple 50 day MVA on the high and fell to 29. Ready to exit here.
HOTT 07/06 Test 50 19.95 +0.05 0 0 289K 1M 0
IVGN 08/08 BO 36.37 +0.21 36.35 42.25 819K 1.5M 33.57
JOSB 09/10 cup hdl 22.05 +1.99 20.76 24 362K 158K 19.31
Current. Big breakout.
JP 08/30 Put 42.36 -0.06 41.72 38.55 333K 700K 42.65
Current. Gapped higher and then sold back to close right on top of the down trendline. Needs to tank Thursday.
LOW 07/06 Test 50 45.2 +0.68 0 0 4.1M 0 0
Nice move up off the 200 day MVA with surprisingly good volume for a short session.
MCK 09/07 Put 31.5 -0.19 31.65 28 854K 1.9M 33.45
Buy not issued. Started the fall, but waiting to see more volume Thursday.
MEDI 08/31 Put 24.37 -0.39 25.35 22 3.5M 8.2M 26.55
Current. Gapped up to the 18 day MVA and then reversed. Needs to make that break below 24.
MTG 09/10 Put 57 -0.9 57.55 53.75 724K 950K 59.65
Current. Turned down on continued strong volume.
NOC 07/06 Test 50 125.83 +0.58 0 0 1.1M 1.7M 0
PETM 08/26 cup hdl 18.28 +0.16 17.04 20.45 1.2M 2.8M 16.45
Current. Up again.
PG 07/05 Put 91.88 +0.38 0 0 2.5M 4.5M 0
PPG 09/05 Put 53.7 -0.05 53.49 49.75 502K 1M 55.45
Current. Tested the 200 day MVA on the high and closed flat.
QLGC 08/17 CCall 35.42 +0.2 36.48 0 7.2M 12M 33.55
Current. Gapped over the 18 day MVA, but not a strong move.
RCII 08/24 Test 18 57.76 -0.44 58.02 66.45 154K 701K 53.96
A low volume tst of the Monday move.
RFMD 09/05 Test 18 7.32 -0.26 7.12 9 4.6M 9.5M 6.62
Buy not issued.
SKO 08/27 Put 15.33 -0.39 14.59 12.25 146K 300K 14.75
Current. Tested the 200 day MVA and rolled down to close at the 18 day MVA.
STE 08/21 Cup 23.08 +0.54 23.28 26.78 311K 711K 21.85
Buy not issued. Back up Wednesday but it needs to get some volume.
VMI 09/10 BO 24.2 +0.1 24.23 26.85 46K 120K 22.53
Buy not hit. Looks ready to move up off the 10 day MVA on a rising volume session.
VMI 08/30 BO 24.2 +0.1 22.38 26.85 46K 120K 23
Current.
VRTS 08/19 CCall 17.76 +0.12 19.76 20 6.1M 8.5M 17.45
Current. Tested the 50 day MVA and closed on the 18 day MVA.
VWKS 08/30 cup hdl 8.16 +0.06 8.45 10.25 91K 890K 7.86
Buy not issued. After a pretty wild up and down week VWKS is trying to get it back togther.
WEDC 08/30 BO 8.8 +0.26 8.55 12 103K 105K 7.95
WEDC 08/07 A Wedge 8.8 +0.26 7.63 9.85 103K 105K 7.88
Current. Good move on rising, above average volume on a short session.
WOR 09/04 A Wedge 18.79 +0.48 19.06 22.85 277K 625K 17.65
Buy not issued. Still looks ready.
WTW 08/10 BO 44.95 -0.8 44.44 49.75 1M 546K 45.94
Current. Falling on rising volume. We gave it some room as it has been volatile, but it is starting to punish us for that. Looks like at test of 44.
WTW 05/23 Test BO 44.95 -0.8 43.7 50 1M 250K 45.94
Current.
XTO 08/24 cup hdl 20.61 -0.34 21.05 24.25 264K 811K 19.58
Buy not hit. Turned back from the attempted breakout.
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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stock recommendation
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