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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS:
New Plays:
SAY (Satyam Computer Services--$13.19; -0.09; no options): ITS software
http://biz.yahoo.com/p/s/say.html
STATUS: Cup w/handle. Forming the handle to its base that started in January. Outstading accumulation at 12 accumulation weeks to 5 distribution weeks. SAY has started to move laterally, still holding the 10 day MVA (13), but will most likely test toward the 18 day MVA at 12.65 a few times before it is ready to make a stronger breakout. We will let it form up and make the move. Solid accumulation.
Volume: 127.4K Avg Volume: 165.09K
BUY POINT: $13.48 Volume=255K Target=$16.98 Stop=$12.54
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/say.html
BSTE (Biosite--$31.9; +0.84; optionable): Diagnostic substances
http://biz.yahoo.com/p/b/bste.html
STATUS: Ascending wedge. BSTE is moving in a 6-week wedge that is on the heels of a 6-month cup base it broke out of in late October. Volume has dried up on this lateral move as BSTE moves up the 50 day MVA (29.35) on its lows. Accumulation positive and relative strength is ready to breakout. These ascending wedge patterns can provide explosive breakouts.
Volume: 160.888K Avg Volume: 643.954K
BUY POINT: $32.07 Volume=900K Target=$39.25 Stop=$29.83
POSITION: BQS DF - April $30c (70 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/bste.html
CONTINUING PLAYS:
Play Date: 12/09/2002
JEC (Jacobs Engineering--$36.12; +0.27; optionable): Heavy construction
http://biz.yahoo.com/p/j/jec.html
STATUS: Cup w/handle. Still working in a very tight handle to its 7-month base, holding above the 10 day MVA (35.65). This is a very tight, pattern with money flow racing ahead of the stock price. Great accumulation is supporting the pattern and it looks ready to fly up.
Volume: 185.1K Avg Volume: 290.227K
BUY POINT: $36.75 Volume=465K Target=$42 Stop=$34.18
POSITION: JEC DF - April $30c (80 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/jec.html
Play Date: 12/04/2002
VZ (Verizon Communications--$38.4; -0.25; optionable): Telecom
http://biz.yahoo.com/p/v/vz.html
STATUS: Testing the breakout. Very nice test of the breakout, holding at the 200 day MVA, showing another doji on below average volume. Money flow remains solid, still moving ahead of the price pattern. VZ looks ready to continue the move to the upside, but it has to break over the early November high (40.74) to remove the obstacle of a move higher.
Volume: 5.017M Avg Volume: 8.23M
BUY POINT: $41 Volume=11M Target=$47.5 Stop=$38.13
POSITION: VZ DU - April $37.50c (67 delta) and/or Stock
http://www.investmenthouse.com/ct/vz.html
Play Date: 11/14/2002
WFR (Memc Electronic--$8.95; -0.12; no options): Semiconductor
http://biz.yahoo.com/p/w/wfr.html
STATUS: Cup w/handle. Tuesday WFR jumped off the 18 day MVA but did not have volume behind it. The past two sessions WFR has pulled back to test the 10 day MVA, showing a doji tapping the 10 day MVA on the low. It looks ready to turn right back up from here.
Volume: 82.2K Avg Volume: 188.5K
BUY POINT: New: $9.57 (orig. $8.45). Volume=325K Target=$11 Stop=$8.12
POSITION: - Stock
http://www.investmenthouse.com/ct/wfr.html
WATCHLIST/ CONTINUING:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 12/07 Test 50 458.54 -2.15 466.74 486 7.2M 1.5M 455.45
Current. Doji on the 50 day MVA. Still looking for the bounce.
$SOX 12/07 Test 50 321.23 -2.38 335.15 385 4.9M 0 313.94
Current. Ditto.
ADTN 12/10 Test 18 32.39 -0.27 32.05 38.45 347K 800K 29.81
Current.
AFCO 12/07 Test BO 18.75 -0.19 20.85 25 96K 225K 18.79
Buy Not Hit.
ANT 12/11 Put 22.03 -0.61 22.45 20 206K 200K 23.55
Buy Not Issued.
AVID 12/07 Test 18 19 -0.33 19.65 23.65 221K 500K 18.05
Buy Not Hit.
AVID 10/30 cup hdl 19 -0.33 15.65 20.45 221K 177K 17.35
Current.
AVP 11/25 cup hdl 54.14 -0.32 52.94 61 1.6M 1.8M 50.25
Current.
BBOX 11/14 cup hdl 47.39 -0.04 48.45 56 224K 550K 46.65
BER 11/13 cup hdl 39.12 +0.14 38.4 45 156K 306K 37.65
Current.
BGEN 12/07 Test 18 42.53 +0.75 43.94 51 2.3M 4M 40.86
Buy Not Hit.
BOH 10/26 cup hdl 30.57 +0.17 29.94 36 163K 427K 29.25
Current.
BRCM 08/17 Test 50 16.41 +0.17 19.2 19.8 9.8M 9M 17.25
Current.
BRL 10/29 Put 64.35 -1.15 57.35 54 480K 750K 59
BSTE 12/11 A Wedge 31.9 +0.84 32.07 39.25 161K 900K 29.83
New.
CLE 12/04 A Wedge 24.12 -0.05 26.05 31 269K 505K 23.85
CLE 10/26 Test BO 24.12 -0.05 25.05 30 269K 505K 24
Current.
CLE 09/07 DB hdl 24.12 -0.05 22.41 25.94 269K 365K 24.05
Current.
COLM 11/13 DB hdl 47.44 +1.24 41.96 48.45 540K 389K 41.94
Current.
CREE 12/10 Test 50 19.65 +0.43 19.65 24.25 2.3M 4.1M 18.27
Current.
CVD 11/05 Test BO 24.06 -0.17 23.65 28 319K 581K 22.25
Current.
CVH 12/09 Put 29.31 -0.39 29.04 26 278K 820K 31.45
Current.
DMRC 11/30 cup hdl 15.24 -0.29 17.01 20.45 74K 100K 15.65
Buy Not Hit.
EXBD 11/11 cup hdl 31.36 -1.29 34.65 40 208K 528K 32.22
Buy Not Issued.
FRGO 11/30 Test BO 12.53 +0.74 12.49 15 193K 270K 11.62
Current.
GILD 11/06 BO 37.38 -0.04 38.38 46 5.4M 5.8M 36.65
Current.
GRMN 11/06 cup hdl 25 +0.01 22.34 26 182K 198K 22.82
Current.
HAR 11/21 Test 18 59.01 -0.29 61.6 70 358K 488K 59.85
Current.
HD 09/16 Test 50 27.29 +0.52 34.55 38 14M 10M 32.13
Current.
IBM 12/04 Test 50 80.17 -1.27 84.94 94.94 7.2M 12M 78.99
Current.
IBM 11/11 Test 50 80.17 -1.27 78.45 88 7.2M 12M 82.24
Current.
ICOS 12/05 Test 18 29.74 +0.29 31.45 38 336K 1.2M 29.25
Buy Not Hit.
IMCL 12/09 Test 18 12.28 -0.36 14.05 17.25 989K 2.5M 12.56
Buy Not Hit.
JEC 12/09 cup hdl 36.12 +0.27 36.75 42 185K 465K 34.18
Buy Not Hit.
LBIX 10/14 cup hdl 3.08 +0.06 3.22 4.35 50K 145K 3.32
Current.
LUK 11/16 cup hdl 39.36 -0.32 38.51 44.45 47K 125K 37.97
Current.
MERQ 12/11 Test BO 31.5 +0.32 31.55 38 6.8M 5M 28.85
Current.
MSFT 12/04 Test 18 54.17 -0.49 56.61 62.75 28M 67M 54.45
MSFT 11/13 Test BO 54.17 -0.49 56.15 62.55 28M 50M 55.74
MSFT 10/16 Test BO 54.17 -0.49 52.35 59 28M 50M 55.74
MSN 12/04 cup hdl 5.4 +0.98 4.85 6.35 827K 150K 4.51
Current.
MSN 11/23 cup hdl 5.4 +0.98 4.15 5.68 827K 150K 3.48
Current.
MTB 11/18 Put 78.74 -1.01 78.45 74.22 180K 500K 81.45
NBIX 10/08 Rv H&S 45.39 -0.55 44.85 51.75 255K 1.1M 44.94
Current.
PCLE 10/17 BO 14.19 -0.09 11.51 13.82 1.2M 800K 12.94
Current.
PFGC 12/09 Put 34.54 +0.06 33.97 31.75 304K 475K 34.75
Buy Not Hit.
PIXR 11/20 BO 59.5 +0.93 57.85 66 339K 775K 55.35
Current.
PKTR 12/11 Test 18 7.92 -0.04 8.34 10.55 232K 335K 7.55
Current.
PVSW 11/23 Cup 4.06 +0.01 4.27 5.35 19K 125K 3.97
Buy Not Hit.
QCOM 12/04 Test 18 38.51 -1.03 40.85 50 13M 18M 37.99
QCOM 11/07 Test BO 38.51 -1.03 34.78 42 13M 18M 38.14
Current.
QLGC 11/07 Test BO 37.04 -0.75 41.4 50 11M 25M 39.88
RINO 10/24 Test BO 17.59 -0.7 17.35 20.75 254K 225K 16.95
Current.
RINO 08/28 cup hdl 17.59 -0.7 13.8 20 254K 300K 16.95
Current.
ROOM 11/07 Cup 62.66 -0.07 65.25 75 719K 1.2M 67.25
Current.
RYAAY 11/18 Test BO 42.5 +0.59 43.55 50.35 853K 425K 43.94
SAFC 12/07 A Wedge 35.38 -0.45 36.69 41 1.2M 1.5M 34.12
Buy Not Hit.
SAY 12/12 cup hdl 13.19 -0.09 13.48 16.98 127K 255K 12.54
New.
SCSS 12/11 Test 18 9.76 +0.2 9.85 12 333K 545K 8.97
Buy Not Hit.
SFAM 11/02 BO 5.68 -0.05 6.09 9 120K 400K 5.88
SFNT 12/06 Test 50 23.81 -0.29 25.65 32.45 122K 188K 23.85
Exited.
SJM 12/02 Test BO 38.6 -0.35 40.15 48 192K 476K 37.65
Buy Not Hit.
STI 11/18 Put 57.39 -0.41 59.49 56 705K 1.5M 60.85
TK 12/07 cup hdl 37.5 +0.11 39.25 46.65 80K 235K 36.15
Buy Not Hit.
TMCS 11/26 Test BO 22.51 -0.18 26.45 31.75 430K 1.2M 24.61
Current.
TSCO 12/07 Test 18 41.54 -0.69 45.44 51.44 157K 475K 42.26
Buy Not Hit.
TSCO 10/16 Test BO 41.54 -0.69 39.05 46.85 157K 235K 42.05
Current.
UNTD 11/30 Test BO 16.99 +0.39 16.25 19.65 924K 1M 15.11
Current.
UTHR 11/12 DB hdl 17.61 +0.14 17.65 21.45 326K 295K 16.21
Current.
VIP 12/07 Test BO 32 0 34.85 40 189K 300K 32.41
Buy Not Hit.
VIP 11/09 Test BO 32 0 30.06 35 189K 285K 32.55
Current.
VZ 12/04 cup hdl 38.4 -0.25 41 47.5 5M 11M 38.13
Buy Not Hit.
VZ 11/23 cup hdl 38.4 -0.25 41 45 5M 11M 39.35
Current.
VZ 10/10 Test 50 38.4 -0.25 34.75 42 5M 10M 39.35
Current.
WFR 11/14 cup hdl 8.95 -0.12 8.45 11 82K 325K 8.12
Current.
YHOO 12/11 Test 50 17.63 +1.17 17.32 22.75 13M 20M 16.11
New.
ZION 11/19 Put 40.94 -0.17 37.97 35 374K 850K 40.75
Buy Not Issued.
Good Investing!
Jon L. Johnson and your Technical Traders Report Team
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 in 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 option
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