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stock recommendation, stock investment information
Begin Part 2 of 2
THE PLAYS:
Wednesday plays:
MME: Nice breakout on excellent volume.
BCGI: Another nice breakout on volume.
ADLR: Took a day off on lower volume.
Best Plays:
1) ROAD: Nice consolidation to end the pattern.
2) Continuing: CCG; CMCSA; MSN
NEW PLAYS:
Upside:
ROAD (Roadway Express--$36.91; -0.5; optionable): Trucking
http://biz.yahoo.com/p/r/road.html
STATUS: Cup w/handle. Despite the dock strike, ROAD is not seen as being impacted as are other transport companies. The stock has been moving laterally in a handle the past week as volume has moved lower but is still above average. Money flow is outstanding. Accumulation for the year is excellent at 10 up weeks on rising volume to 5 down weeks on rising volume. We like that it is forming this handle right on top of the late June/early July high where it consolidated before falling. This time we are looking for the stock to move to the upside.
Volume: 575.883K Avg Volume: 393.545K
BUY POINT: $38.06 Volume=745K Target=$43.75 Stop=$35.4
POSITION: EJQ LG - Dec. 35c (63 delta) and/or Stock
http://www.investmenthouse.com/cd/road.html
Revisited:
ACL (Alcon, Inc.--$36.57; -0.83; optionable): Medical supplies (contact lenses, etc.)
Play Date: 08/06/2002
http://biz.yahoo.com/p/a/acl.html
STATUS: Testing breakout. ACL has been choppy, moving up to the buy, then pulling back and rallying again. Accumulation is solid at 7 up weeks on rising volume to 4 down weeks on rising volume. Volume was excellent on the move up last week, and the test lower this week has been on lower volume. It held the 18 day MVA on the low (36.18). This is where it makes its move or not.
Volume: 1.307M Avg Volume: 601.181K
BUY POINT: Aggressive: 37.55. Breakout: $38.3 Volume=900K Target=$42.45 Stop=$35.88
POSITION: ACL KF - Nov. $30c (72 delta, low OI) and/or Stock
http://www.investmenthouse.com/cd/acl.html
VCI (Valassis Communications--$33.78; -1.42; optionable): Marketing services
http://biz.yahoo.com/p/v/vci.html
STATUS: Put. The news in advertising is not good, and VCI is in marketing and suffered likewise. Volume spiked to huge levels as the stock broke below the September and August lows. Looks ready for a test toward the July levels at 31.
Volume: 745.1K Avg Volume: 225.909K
BUY POINT: $33.26 Volume=375K Target=$31.55 Stop=$35.35
POSITION: VCI MG - Jan. $35p (-65 delta)
http://www.investmenthouse.com/cd/vci.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.
WB 09/25 Put 34.27 +1.58 33.25 30 4.1M 4M 34.15
Current. Up over the 18 day MVA on rising volume. Will see if it fails again.
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.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACL 08/06 cup hdl 36.57 -0.83 38.3 42.45 1.3M 900K 35.88
Current. Looking for a new buy if it holds and starts up here.
ADLR 09/21 cup hdl 14.71 -0.29 14.74 17.74 217K 161K 13.65
Current. Took a day off on lower volume.
AEM 09/19 cup hdl 15.45 -0.07 17.05 20.55 841K 1.2M 15.75
Buy not hit. Not doing it.
ALLY 09/07 cup hdl 15.61 -0.31 15.86 18.25 363K 675K 14.55
Current. Doji on the 10 day MVA on low volume. Resistance at 16. Needs to make the break.
AMGP 08/28 cup hdl 31.76 -0.72 30.32 34.94 464K 350K 28.65
Current. Testing the big move up on lower volume, holding the 10 day MVA on the Wednesday close.
BCGI 10/01 cup hdl 10.94 +0.54 10.93 14 383K 250K 9.96
Current. Super move.
CARS 08/30 cup hdl 24.6 -0.58 25.18 28.95 184K 400K 23.42
Buy not issued. Turned lower on some rising volume after gapping higher.
CCCG 09/12 Cup 14.1 +0.58 13.45 16.15 71K 51K 12.41
Current. Nice move on volume.
CMCSA 09/30 Put 21.2 -1.58 21.18 18 304K 300K 23.35
Buy not issued. Looks ready to make the drop.
COO 09/26 cup hdl 53.51 +0.26 54 61 437K 375K 50.22
Current. Up on some stronger volume but has to break 54.
CVTX 09/24 Put 20.9 -0.64 19.65 16 402K 750K 21.25
Buy not issued.
DL 09/28 cup hdl 21.65 -0.38 21.84 25.55 425K 712K 20.31
Current. Testing lower on low volume.
GE 09/26 Put 24.8 -1.4 26.25 24 30M 35M 27.85
Current. Sharply lower but volume was not strong. Ready to take the gain.
GLG 09/18 cup hdl 8.8 -0.3 10.59 12.75 796K 1.3M 9.45
Buy not issued.
JP 08/30 Put 39.7 -1.7 41.72 38.55 566K 700K 41.35
Current. Falling arder on rising volume. Another test of 39 and we will take the gain.
KKD 09/21 Put 32.18 +0.68 32.4 29.65 859K 875K 33.75
Current. Up over the 18 day MVA intraday but fell back to close at that level. If it shows strength again we will exit.
LOW 07/06 Test 50 41.17 -1.03 0 0 5.5M 0 0
MME 10/01 cup hdl 38.12 +1.22 37.95 43.65 611K 650K 35.29
Current. Nice move.
MRK 09/28 Put 46.95 +0.57 46.08 43.75 6.5M 7M 48.65
Current. Doji at the 18 day MVA. May signify it is ready to fall.
MSN 09/30 Test 18 3.69 -0.08 3.91 5.45 44K 200K 3.59
Buy not hit. Looking good with a doji on the 10 day MVA on low volume.
NCC 09/17 Put 28.03 -1.77 28.96 25.95 2.2M 14M 29.75
Current. Major collapse after rallying to the 50 day MVA Tuesday.
NOC 07/06 Test 50 122.5 -0.3 0 0 1.6M 1.7M 0
PETM 08/26 cup hdl 18.05 -0.26 17.04 20.45 1.7M 2.8M 17.25
Current. Still holding the 18 day MVA.
PG 09/21 Test 18 90.56 -0.61 91.55 103 3.6M 5.5M 89.45
PL 09/25 Put 30.67 -1.31 30.45 27.45 173K 200K 31.55
Current. Tanked back below the 200 day MVA. Needs to get below 30 or no go.
QLGC 08/17 CCall 26.32 +1.07 36.48 0 19M 12M 33.55
Current. Tested the 10 day MVA on the high.
RCII 08/24 Test 18 50.05 -1.85 58.02 66.45 459K 701K 53.96
RFMD 09/05 Test 18 6.87 +0.38 6.08 9 7.8M 9.5M 5.65
Current. Rolling higher again but unable to break the 50 day MVA on the high (7.21). Good volume.
ROAD 10/02 cup hdl 36.91 -0.5 38.06 43.75 576K 745K 35.4
New.
SCSS 09/21 cup hdl 6.1 +0.08 6.02 7.25 222K 200K 5.61
Current. Testing back on light volume. Not bad.
STE 09/28 BO 25.6 +0.12 23.95 28.75 675K 711K 22.12
Current. Still rising but showing a doji after a very strong move. A covered call sale (Oct./Nov. 25) is a possibility while it pulls back to test 24.
SY 09/19 Put 11.61 -0.38 12.75 10 613K 680K 13.55
Buy not issued. Trying to fall, just won't break free.
TT 09/19 cup hdl 13.2 0 13.71 16.55 6.8K 50K 12.71
Buy not hit. Holding the 18 day MVA with a doji on low volume.
UPC 09/17 Put 26.99 -1.42 28.32 26 653K 615K 28.95
Current. Tanking on some much stronger volume.
VCI 10/02 Put 33.78 -1.42 33.26 31.55 745K 375K 35.35
New.
VRTS 08/19 CCall 14.5 -0.35 19.76 20 12M 8.5M 17.45
Current.
WB 09/25 Put 33 -1.27 33.25 30 5.1M 4M 34.15
Current. Tested all the way to the 50 day MVA on the high and then fell on sharply higher volume.
WEN 09/21 Put 35.76 +1.11 32.75 30 2.3M 1.6M 33.33
Exited.
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
stock investment information
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