|
|
stock research, stock recommendation
Begin Part 2 of 2
THE PLAYS:
Tonight we look at some best plays to give the staff some time for New Year's Eve with the family.
CONTINUING PLAYS:
Upside:
Play Date: 12/28/2002
APSG (Applied Signal--$11.85; +0.47; no options): Communication equipment
http://biz.yahoo.com/p/a/apsg.html
STATUS: Cup w/handle. Nice move Tuesday, once again moving on some stronger, above average volume. Surged just over the buy on the high but could not hold the move. Still looks very solid with the support of good accumulation at 7 up weeks on rising volume (accumulation weeks) to 4 down weeks on rising volume (distribution weeks). Money flow continues its strength.
Volume: 58.489K Avg Volume: 35.863K
BUY POINT: $12.04 Volume=85K Target=$14.55 Stop=$11.45
POSITION: Stock (no option chain)
http://www.investmenthouse.com/ct/apsg.html
Play Date: 12/21/2002
CVD (Covance--$24.59; +0.49; optionable): Business research services
http://biz.yahoo.com/p/c/cvd.html
STATUS: Testing the 18 day MVA. Ready for a new high, CVD is one of the leaders in the market. Tuesday it got another shot of above average volume as it readied for the new high. Looks very solid here, moving laterally over the 10 day MVA.
Volume: 551K Avg Volume: 390.59K
BUY POINT: $24.75 Volume=581K Target=$29.74 Stop=$22.88
POSITION: CVD ED - May $20c (68 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/cvd.html
Play Date: 12/19/2002
GPN (Global Payments--$32.01; +0.46; optionable): Business services
http://biz.yahoo.com/p/g/gpn.html
STATUS: Ascending wedge breakout. After breaking out two weeks back, GPN weathered the market selling by moving laterally just below 32. Monday it tested the 18 day MVA on the low and recovered on rising volume. Tuesday GPN was back up ready to break over 32 on higher, above average volume. Looks ready for the further move.
Volume: 163.4K Avg Volume: 167.272K
BUY POINT: New: 32.28 (orig. $31.55). Volume=225K Target=$38 Stop=$30.12
POSITION: GPN EF - May $30c (71 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/gpn.html
Play Date: 12/31/2002
SINA (Sina.com--$6.5; +0.25; no options): Internet services
http://biz.yahoo.com/p/s/sina.html
STATUS: Testing the 10 day MVA. SINA pulled back right to the 10 day MVA (6.25) and showed a doji Tuesday toward the close. That was what we wanted to see and we issued a buy alert for additional positions. It moved up a bit more to the close, and we really like the position. These stocks are racing up and now pulling back to test the short term MVA as they should.
Volume: 1.114M Avg Volume: 835.454K
BUY POINT: New: 6.55 (orig. $6.25) Volume=950K Target=$8.25 Stop=$5.81
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/sina.html
Downside
Play Date: 12/14/2002
CEPH (Cephalon--$48.66; -0.13; optionable): Drugs
http://biz.yahoo.com/p/c/ceph.html
STATUS: Put. Tried the 200 day MVA right at 50 and then rolled over and closed slightly lower when the overall action was mostly bullish. Looks ready to fall, but needs to get below 48 for more positions.
Volume: 970.642K Avg Volume: 2.106M
BUY POINT: New: $47.96 (orig. $49.19) Volume=2M Target=$45.51 Stop=$50.65
POSITION: CQE NJ - Feb. $50p (-46 delta)
http://www.investmenthouse.com/ct/ceph.html
WATCHLIST/ CONTINUING:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$SOX 12/07 Test 50 289.24 -0.67 335.15 385 0 0 313.94
Current. Doji portends a move higher ofr a better exit point.
ADTN 12/10 Test 18 32.9 -0.16 32.05 38.45 492K 800K 30.35
Current.
AFCO 12/07 Test BO 19.99 -0.26 20.85 25 217K 225K 18.79
Buy Not Hit.
AIG 12/18 Put 57.85 +0.44 58.55 54 5.5M 7M 59.15
Current.
AMTD 12/19 A Wedge 5.66 +0.24 5.54 6.85 4.6M 165K 5.15
Current.
ANSI 12/30 Cup hdl 35.1 +0.38 35.43 40.74 121K 309K 32.95
Buy not hit.
ANT 12/11 Put 24 -0.01 22.45 20 350K 200K 23.55
Current.
APSG 12/28 Cup hdl 11.85 +0.47 12.04 14.55 58K 85K 11.45
Buy Not Hit.
ASKJ 12/26 Cup hdl 2.56 +0.09 2.89 3.88 139K 305K 2.44
Buy Not Hit.
AVCT 12/28 Test 50 22.22 +0.35 23.08 27 360K 750K 21.46
Buy Not Hit.
AVID 12/07 Test 18 22.95 +0.5 21 25 986K 500K 20.15
Current.
AVID 10/30 Cup hdl 22.95 +0.5 15.65 25 986K 177K 20.15
Current.
AVO 12/16 A Wedge 11.97 -0.08 12.06 14.45 44K 210K 11.22
Buy Not Hit.
AVP 11/25 Cup hdl 53.87 +0.41 52.94 61 705K 1.8M 52.75
Current.
BER 11/13 Cup hdl 39.61 -0.17 38.4 45 157K 306K 38.35
Current.
BORL 12/26 Cup hdl 12.3 +0.28 13.42 16.45 534K 1.2M 12.48
Buy Not Hit.
BRCM 08/17 CCall 15.06 -0.19 19.2 19.8 5.9M 9M 17.25
Current.
BSTE 12/11 A Wedge 34.02 -0.98 34 41.25 513K 900K 33.22
Current.
CAI 12/30 Put 35.64 +0.59 34.74 32 372K 517K 35.55
Buy not hit.
CEPH 12/14 Put 48.66 -0.13 49.19 45.51 971K 2M 50.65
Current.
COLM 11/13 DB hdl 44.42 -0.18 41.96 48.45 318K 389K 44.25
Current.
CURE 12/30 Cup hdl 17.25 -0.15 18.22 21.85 222K 176K 17.74
Buy not hit.
CVD 12/21 Cup hdl 24.59 +0.49 24.75 29.74 551K 581K 22.88
Buy Not Hit.
CVD 11/05 Test BO 24.59 +0.49 23.65 28 551K 581K 23.35
Current.
CVH 12/09 Put 29.03 -0.17 29.04 26 296K 820K 30.24
Current.
ETM 12/28 Put 46.92 +0.41 45.75 42 301K 325K 46.78
Current.
GPN 12/19 BO 32.01 +0.46 31.55 38 163K 225K 30.12
Current.
GRMN 11/06 Cup hdl 29.3 +0.39 22.34 31 306K 198K 28.05
Current.
HAR 11/21 Test 18 59.5 +0.63 61.6 70 239K 488K 59.85
Current.
HD 09/16 Test 50 24.02 +0.34 34.55 38 12M 10M 32.13
Current.
HSIC 12/09 Put 45 -0.64 44.15 40 324K 667K 46.05
Buy Not Issued.
IBM 12/04 Test 50 77.5 +1.25 84.94 94.94 7.9M 12M 78.99
Exited.
IBM 11/11 Test 50 77.5 +1.25 78.45 88 7.9M 12M 82.24
Exited.
IDBE 12/16 DB hdl 6.68 +0.18 6.65 8.55 44K 165K 6.15
Current.
JAKK 12/22 Put 13.47 +0.01 13.55 11 307K 325K 14.65
Current.
MBT 12/22 Cup hdl 37.14 +0.14 40.06 47.96 81K 255K 37.26
Buy Not Hit.
MERQ 12/11 Test BO 29.65 -0.51 31.55 38 1.3M 5M 29.94
Current.
MLHR 12/28 Put 18.4 +0.12 17.94 15.85 231K 425K 19.05
Current.
MRCY 12/14 A Wedge 30.52 -0.09 32.55 37.85 115K 350K 29.43
Buy Not Hit.
MSFT 12/04 Test 18 51.7 -1.05 56.61 62.75 29M 67M 54.45
Exited.
MSFT 11/13 Test BO 51.7 -1.05 56.15 62.55 29M 50M 55.74
Exited.
MSFT 10/16 Test BO 51.7 -1.05 52.35 59 29M 50M 55.74
Exited.
MSN 12/21 Test BO 4.97 +0.31 5.92 7.45 122K 150K 5.19
Buy Not Hit.
MSN 12/04 Cup hdl 4.97 +0.31 4.85 6.35 122K 150K 4.51
Current.
MSN 11/23 Cup hdl 4.97 +0.31 4.15 5.68 122K 150K 4.51
Current.
NBIX 10/08 Rv H&S 45.66 -0.49 44.85 51.75 587K 1.1M 45.45
Current.
NSCN 12/22 Pennant 16.84 +0.34 17.24 21.24 580K 1.8M 16.03
Buy Not Issued.
NTII 12/22 Test BO 5.7 -0.05 6.74 8.25 16K 90K 6.18
Buy Not Hit.
PCLE 10/17 BO 13.61 0 11.51 13.82 847K 800K 13.15
Exited.
PFGC 12/09 Put 33.95 +0.28 33.97 31.75 190K 475K 34.75
Current.
PVSW 11/23 Cup 4.12 +0.07 4.27 5.35 58K 125K 3.97
Current.
QCOM 12/21 Test 50 36.39 -0.41 39.15 48 7.1M 18M 36.41
Buy Not Hit.
QCOM 12/04 Test 18 36.39 -0.41 40.85 50 7.1M 18M 37.99
Current.
QCOM 11/07 Test BO 36.39 -0.41 34.78 42 7.1M 18M 38.14
Current.
QLGC 11/07 Test BO 34.51 -0.52 41.4 50 7M 25M 39.88
RDEN 12/17 Cup hdl 14.8 +0.44 15.39 18.45 201K 185K 14.31
Buy Not Hit.
RINO 10/24 Test BO 17.39 +0.14 17.35 20.75 241K 225K 16.95
Current.
RINO 08/28 Cup hdl 17.39 +0.14 13.8 20 241K 300K 16.95
Current.
SAFC 12/07 A Wedge 34.67 -0.59 36.69 41 1.5M 1.5M 34.12
Buy Not Hit.
SAY 12/12 Cup hdl 12.85 -0.09 13.48 16.98 90K 255K 12.54
Buy Not Hit.
SINA 12/31 Test BO 6.5 +0.25 6.25 8.25 1.1M 950K 5.81
Current.
SINA 12/04 Test BO 6.5 +0.25 5.58 7.21 1.1M 950K 6.48
Current.
SJM 12/02 Test BO 39.81 -0.03 40.15 48 284K 476K 37.65
Buy Not Hit.
TARO 12/18 Cup hdl 37.6 +0.7 39.05 46.85 195K 575K 36.32
Buy Not Hit.
TK 12/07 Cup hdl 40.7 -0.5 39.25 46.65 184K 235K 36.15
Buy Not Issued.
TSCO 10/16 Test BO 37.6 -0.9 39.05 46.85 265K 235K 42.05
Current.
UNTD 11/30 Test BO 15.94 +0.29 16.25 19.65 523K 1M 15.55
Current.
URBN 12/22 Put 23.57 +0.87 23.36 20.22 248K 500K 24.65
Current.
UTHR 11/12 DB hdl 16.7 -0.15 17.65 21.45 179K 295K 16.21
Current.
VZ 12/04 Cup hdl 38.75 -0.23 41 47.5 5.6M 11M 38.13
Buy Not Hit.
VZ 11/23 Cup hdl 38.75 -0.23 41 45 5.6M 11M 38.25
Current.
VZ 10/10 Test 50 38.75 -0.23 34.75 42 5.6M 10M 37.96
Current.
WGO 12/28 Put 39.23 -0.37 39.49 36 272K 270K 41
Current.
YHOO 12/11 Test 50 16.35 -0.13 17.32 22.75 4.4M 20M 16.11
Current.
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.
|
stock research
stock recommendation
|
