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Begin Part 2 of 2
THE PLAYS:
Good moves: ADTN; AMTD; ANSI; ASKJ; AVO; BRCM; BSTE; KLAC; LXK; MERQ; MSN, etc.
New Plays:
Upside:
Play Date: 01/09/2003
ACV (Alberto-Culver--$52.4; -0.2; optionable): Personal beauty products
http://biz.yahoo.com/p/a/acv.html
STATUS: Cup w/handle. ACV is moving through 8.5 month base showing solid, solid accumulation at 7 up weeks on rising volume to 1 down week on rising volume. Last week up through Monday ACV shot higher and then stalled at the October high (53.05). It has pulled back on lower volume, showing a doji on support at 52. Money flow is shooting higher ahead of price, showing a positive divergence, i.e., it is higher now than it was in May when the price was higher. Looks ready to make its breakout move.
Volume: 212.2K Avg Volume: 225.136K
BUY POINT: $53.23 Volume=338K Target=$60 Stop=$49.5
POSITION: ACV EJ - May $50c (70 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/acv.html
Play Date: 01/09/2003
ROK (Rockwell Automation--$21.51; +0.54; optionable): Industrial automation
http://biz.yahoo.com/p/r/rok.html
STATUS: Cup w/handle. Moving in an 8.5-month base showing solid accumulation at 11 up weeks on rising volume to 4 down weeks on rising volume. ROK has spent the last 5 weeks forming the handle to the base. After testing lower in the handle ROK is how riding up the 10 day MVA at 21. Volume is still below average but ROK showed some rising trade Thursday. We are going to be patient and let it complete the base; it has come this far, we need to let it finish. Money flow is outstanding, leading ahead of the price and showing a large positive divergence.
Volume: 570.6K Avg Volume: 731.863K
BUY POINT: $22.35 Volume=1M Target=$26.85 Stop=$20.66
POSITION: ROK DD - April $20c (64 delta) and/or Stock
http://www.investmenthouse.com/ct/rok.html
CONTINUING PLAYS:
Play Date: 01/02/2003
BBBY (Bed, Bath & Beyond--$36.79; +1.19; optionable): Housewares
http://biz.yahoo.com/p/b/bbby.html
STATUS: Cup w/handle. Rallying on higher volume, moving up off the 10 day MVA on some better retail sales figures. Hit our aggressive buy point but want to see some more volume. Ready to go. Solid accumulation at 6 accumulation weeks to 4 distribution weeks.
Volume: 3.141M Avg Volume: 3.48M
BUY POINT: $37.55 Volume=5.7M Target=$45 Stop=$34.92
POSITION: BHQ EG - May $35c (61 delta) and/or Stock
http://www.investmenthouse.com/ct/bbby.html
Play Date: 12/21/2002
CVD (Covance--$24.2; +0.82; optionable): Research services
http://biz.yahoo.com/p/c/cvd.html
STATUS: 50 day MVA test. An early leader, CVD broke out and made 4 runs up the short term MVA. This week it tested back to the 50 day MVA Wednesday (22.90) and then Thursday bounded off that level. Volume was weak but with this leader we are looking to pick it up on some further movement over the short term MVA.
Volume: 333.6K Avg Volume: 414.909K
BUY POINT: $24.75 Volume=581K Target=$29.74 Stop=$23.65
POSITION: CVD ED - May $20c (68 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/cvd.html
Play Date: 01/02/2003
LXK (Lexmark Intl.--$66.26; +1.34; optionable): Computer peripherals
http://biz.yahoo.com/p/l/lxk.html
STATUS: Test 50 day MVA. Tested the 10 day MVA on the low (65.21) and leaped higher on rising volume. Looks solid.
Volume: 2.119M Avg Volume: 1.65M
BUY POINT: New: 66.55 (orig. $65.58 and $63.78) Volume=1.8M Target=$69 Stop=$60.25
POSITION: LXK DL - April $60c (66 delta)
http://www.investmenthouse.com/ct/lxk.html
WATCHLIST/ CONTINUING:
Still look good as well:
CCCG; COLM; HAR; NSCN; TK
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$SOX 12/07 Test 50 331 +8.56 335.15 385 0 0 313.94
Current.
ACV 01/09 Cup hdl 52.4 -0.2 53.23 60 212K 338K 49.5
New.
ADTN 12/10 Test 18 37.85 +2.38 32.05 38.45 906K 800K 33.25
Current.
AFCO 12/07 Test BO 20.89 -0.41 20.85 25 240K 225K 18.79
Buy Not Hit.
AIG 12/18 Put 62.4 +2.23 58.55 54 4.3M 7M 59.15
Exited.
AMTD 12/19 A Wedge 5.99 +0.23 5.54 6.85 2.8M 165K 5.35
Current.
ANSI 12/30 Cup hdl 38.26 +4.1 35.43 40.74 738K 309K 32.95
Buy Not Hit.
ANT 12/11 Put 25 +0.15 22.45 20 292K 200K 23.55
Current.
APSG 12/28 Cup hdl 10.87 -0.01 12.04 14.55 33K 85K 11.45
Buy Not Hit.
ASKJ 12/26 Cup hdl 3.86 +0.51 2.89 3.88 659K 305K 2.44
Current.
AVCT 12/28 Test 50 25.22 -0.51 23.08 27 375K 750K 22.05
Current.
AVCT 01/07 Test 50 25.22 -0.51 24.9 29 375K 750K 22.55
Current.
AVID 12/07 Test 18 23.87 +0.05 21 25 561K 500K 21.75
Current.
AVID 10/30 Cup hdl 23.87 +0.05 15.65 25 561K 177K 21.75
Current.
AVO 12/16 A Wedge 12.36 +0.35 12.06 14.45 224K 210K 11.22
Buy Not Issued.
AVP 11/25 Cup hdl 54.22 +0.79 52.94 61 596K 1.8M 52.75
Current.
BBBY 01/02 Cup 36.79 +1.19 37.55 45 3.1M 5.7M 34.92
Buy Not Hit.
BORL 12/26 Cup hdl 14.47 +0.89 13.42 16.45 1.4M 1.2M 12.48
Current.
BRCM 01/02 Test 50 19.15 +1.3 16.85 20.45 12M 12M 15.67
Current.
BRCM 08/17 CCall 19.15 +1.3 19.2 19.8 12M 9M 17.25
Current.
BSTE 12/11 A Wedge 38.45 +1.11 34 41.25 355K 900K 33.94
Current.
CCCG 01/06 Cup 19.98 +0.39 20.05 25.12 107K 173K 18.65
Buy Not Hit.
COLM 11/13 DB hdl 45.03 +1.05 41.96 48.45 557K 389K 44.25
Current.
CVD 12/21 Cup hdl 24.2 +0.82 24.75 29.74 334K 581K 23.65
Current.
CVD 11/05 Test BO 24.2 +0.82 23.65 28 334K 581K 23.35
Current.
CVH 12/09 Put 29.4 +0.03 29.04 26 349K 820K 30.24
Current.
DBD 01/07 Cup hdl 41.94 +0.21 42.12 50.55 711K 474K 40.25
Buy Not Hit.
ETM 12/28 Put 51.22 +1.94 45.75 42 217K 325K 46.78
Exited.
FLIR 01/09 Test 18 51.1 +1.83 51.98 59 235K 543K 48.34
New.
GPN 12/19 BO 30.85 -0.15 31.55 38 125K 225K 30.12
Current.
GRMN 11/06 Cup hdl 31 +0.54 22.34 34 498K 198K 28.95
Current.
HAR 11/21 Test 18 60.05 +1.7 61.6 70 238K 488K 59.45
Current.
HD 09/16 Test 50 21.47 +0.31 34.55 38 22M 10M 32.13
Current.
HSIC 12/09 Put 43.7 +0.96 44.15 40 253K 667K 46.05
Buy Not Issued.
IDBE 12/16 DB hdl 6.25 0 6.65 8.55 48K 165K 6.15
Current.
IDBE 01/04 DB hdl 6.25 0 6.85 8.55 48K 165K 6.37
New.
JAKK 12/22 Put 14.29 +0.3 13.55 11 101K 325K 14.65
Current.
KLAC 01/03 Test 50 40.46 +1.08 39.25 45.25 14M 12M 36.55
Current.
LF 01/07 BO 27.27 -0.23 28.95 34.88 448K 521K 26.92
Buy Not Hit.
LXK 01/02 Test 50 66.26 +1.34 63.78 69 2.1M 1.8M 60.25
Current.
MBT 12/22 Cup hdl 40.36 +0.65 40.06 47.96 165K 255K 37.26
Buy Not Hit.
MEDI 01/03 A Wedge 28.22 +0.51 28.55 33.88 2.4M 5M 26.98
Buy Not Hit.
MERQ 12/11 Test BO 38.04 +2.57 31.55 38 6.6M 5M 29.94
Current.
MRCY 12/14 A Wedge 30.28 +0.03 32.55 37.85 157K 350K 29.43
Buy Not Issued.
MSN 12/21 Test BO 6.12 +0.47 5.92 7.45 383K 150K 4.94
Buy Not Hit.
MSN 12/04 Cup hdl 6.12 +0.47 4.85 6.35 383K 150K 4.75
Current.
MSN 11/23 Cup hdl 6.12 +0.47 4.15 6.35 383K 150K 4.75
Current.
NBIX 10/08 Rv H&S 46.08 +1.79 44.85 55 307K 1.1M 45.45
Current.
NSCN 12/22 Pennant 17.61 +0.12 17.24 21.24 1M 1.8M 16.03
Current.
NTII 12/22 Test BO 6.18 +0.08 6.74 8.25 11K 90K 6.18
Buy Not Hit.
NXTL 01/08 A Wedge 13.98 +0.51 13.85 16.65 25M 30M 12.75
Current.
PFGC 12/09 Put 32.36 +0.58 33.97 31.75 443K 475K 34.75
Current.
POSS 01/06 Test BO 18.39 -0.83 18.35 22.12 702K 167K 16.75
Current.
PVSW 11/23 Cup 4.15 +0.07 4.27 5.35 7.7K 125K 3.97
Exited.
QCOM 12/21 Test 50 38.68 +2.06 39.15 48 17M 18M 36.41
Buy Not Hit.
QCOM 12/04 Test 18 38.68 +2.06 40.85 50 17M 18M 37.99
Current.
QCOM 11/07 Test BO 38.68 +2.06 34.78 42 17M 18M 38.14
Current.
QLGC 11/07 Test BO 41.8 +1.99 41.4 50 12M 25M 39.88
RBK 01/02 DB hdl 31.8 +0.76 30.25 38.85 771K 680K 28.45
Current.
RDEN 12/17 Cup hdl 14.97 +0.25 15.39 18.45 45K 185K 14.31
Buy Not Hit.
RINO 10/24 Test BO 17.58 -0.02 17.35 20.75 216K 225K 16.95
Current.
RINO 08/28 Cup hdl 17.58 -0.02 13.8 20 216K 300K 16.95
Current.
ROK 01/09 Cup hdl 21.51 +0.54 22.35 26.85 571K 1M 20.66
New.
SAFC 12/07 A Wedge 36.33 +0.38 36.69 41 464K 1.5M 34.12
Current.
SIAL 01/08 Put 47.25 +0.6 46.42 44 973K 1M 43.55
Buy Not Hit.
SINA 12/31 Test BO 8.63 +0.2 6.25 10 1.4M 950K 6.88
Current.
SINA 12/04 Test BO 8.63 +0.2 5.58 10 1.4M 950K 6.88
Current.
SJM 12/02 Test BO 41.6 +0.52 40.15 48 204K 476K 37.65
Buy Not Issued.
SOHU 01/03 BO 7.6 +0.17 7.75 9.45 460K 800K 6.65
Current.
TARO 12/18 Cup hdl 35 +1.75 39.05 46.85 731K 575K 36.32
Buy Not Hit.
TECH 01/03 Put 26.77 +0.87 27.88 24 679K 400K 29.21
Buy Not Issued.
TK 12/07 Cup hdl 42.67 +0.71 39.25 46.65 161K 235K 36.15
Buy Not Issued.
TSCO 10/16 Test BO 42.96 +0.76 39.05 46.85 435K 235K 37.94
Current.
UNTD 11/30 Test BO 16.37 -1.08 16.25 19.88 1.5M 1M 16.25
Current.
URBN 12/22 Put 24.24 +1.76 23.36 20.22 428K 500K 24.65
Current.
UTHR 11/12 DB hdl 16.14 -0.37 17.65 21.45 227K 295K 16.21
Exited.
VOXX 01/08 A Wedge 10.46 -0.49 11.56 14 135K 149K 10.64
Buy Not Hit.
VRTY 11/30 Cup hdl 15.6 +0.69 14.56 17.65 453K 450K 13.54
Current.
VZ 12/04 Cup hdl 40.46 -0.45 41 47.5 7.9M 11M 38.13
Buy Not Hit.
VZ 11/23 Cup hdl 40.46 -0.45 41 45 7.9M 11M 38.25
Current.
VZ 10/10 Test 50 40.46 -0.45 34.75 42 7.9M 10M 38.25
Current.
WCN 12/31 BO 38.35 +1.23 39.1 46.45 294K 425K 36.94
Current.
YHOO 12/11 Test 50 19.44 +0.69 17.32 22.75 8M 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.
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