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stock recommendation, stock investment information
Begin Part 2 of 2
THE PLAYS
Good movers: ALN; BRCM; EBAY; LOOK; QCOM; ROIAK; VRTY
Thursday Plays:
VOXX: Tanked but still in the pattern.
SFNT: Nice volume move off 10 day MVA.
MRK: Ready to make the next move.
EBAY: Moving higher again on above average volume.
Best Plays:
1) FLIR: Good pattern in a hot sector.
2) BBBY: Moving on above average volume.
3) SY: Starting the move on rising, average volume.
4) Continuing: ACTI; AGU; MRD; SFNT
New Plays:
Play Date: 01/09/2003
BPRX (Bradley Pharmaceuticals--$14.8; -0.24; optionable): Drugs
http://biz.yahoo.com/p/b/bprx.html
STATUS: Cup w/handle. BPRX has formed a small cup with handle the past 5 weeks that is working as a handle on a larger 10-month cup w/handle. Accumulation is solid at 9 accumulation weeks to 4 distribution weeks. It has pulled back to the 10 day MVA the past three sessions, testing that level Thursday on the low (14.40). It looks ready to make the turn and move higher for the breakout.
Volume: 201.059K Avg Volume: 121.545K
BUY POINT: $16.06 Volume=182K Target=$20.45 Stop=$14.94
POSITION: BUB DC - April $15c (69 delta, low OI) and/or Stock
http://www.investmenthouse.com/cd/bprx.html
Play Date: 01/09/2003
FLIR (Flir Systems--$51.1; +1.83; optionable): Scientific and technical instruments
http://biz.yahoo.com/p/f/flir.html
STATUS: Cup w/handle. FLIR is moving in a 10-month base, clearing some resistance at 50 last week and then coming back to test the move, holding the 10 day MVA on the close (49.50). It started up off the 10 day MVA on rising volume Thursday, ready for the breakout. Accumulation in the base is solid at 7 up weeks on rising volume to 4 down weeks on rising volume.
Volume: 235.308K Avg Volume: 361.954K
BUY POINT: $51.98 Volume=543K Target=$59 Stop=$48.34
POSITION: FFQ DJ - April $50c (61 delta) and/or stock
http://www.investmenthouse.com/cd/flir.html
Revisited:
Play Date: 10/21/2002
AMZN (Amazon.com--$21.45; +0.43; optionable): Internet retail
http://biz.yahoo.com/p/a/amzn.html
STATUS: Testing the 50 day MVA. After the early year selling on some short sale speculation, AMZN has made a dramatic recovery, moving over the 50 day MVA (20.82), testing the move Wednesday, and starting back up Thursday. It still needs to clear the December consolidation at 22.62 to break free, but on a big surge in volume we can take aggressive positions.
Volume: 6.205M Avg Volume: 8.603M
BUY POINT: New: 22.72 (orig. $20.32) Volume=10M Target=$27.25 (new) $24.38 (orig) Stop=$21.75
POSITION: ZQN DO - April $17.50c (69 delta) and/or Stock
http://www.investmenthouse.com/cd/amzn.html
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/cd/bbby.html
Play Date: 01/07/2003
SY (Sybase--$14.65; +0.65; optionable): Application software
http://biz.yahoo.com/p/s/sy.html
STATUS: Ascending wedge. SY formed a flat ascending wedge the past two months, using the 50 day MVA just over 13 as the support for the base. Accumulation is solid since August at 9 up weeks on rising volume to 5 down weeks on rising volume. After testing the 10 day MVA on the Wednesday low, SY jumped up Thursday on rising, average volume. Right over the breakout point and looking good.
Volume: 443.6K Avg Volume: 745.545K
BUY POINT: New: $14.84 (orig. $14.55) Volume=1.1M Target=$17.45 Stop=$13.53
POSITION: SY FV - June $12.50c (73 delta, low OI) and/or Stock
http://www.investmenthouse.com/cd/sy.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.
We will roll this out this weekend. Jon's hospital visit pushed it back a bit.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
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
$SOX 12/07 Test 50 331 +8.56 335.15 385 0 0 313.94
Current. Held the 50 day MVA and started back up. Need a surge over 340 soon.
ACTI 01/04 Pennant 8.98 +0.15 8.95 10.75 124K 225K 8.28
Buy Not Issued. Still looks ready.
AGU 12/30 A Wedge 11.4 +0.05 11.55 13.85 244K 357K 11.05
Current. Tightening up at the 18 day MVA on some rising volume. Looks ready.
AIG 12/18 Put 62.4 +2.23 58.55 54 4.3M 7M 59.15
Exited.
ALN 12/07 Test BO 12.5 +1.05 9.86 11.85 1.2M 412K 9.95
ALN 11/09 Test BO 12.5 +1.05 7.28 12.54 1.2M 200K 9.95
Current. Hit the target, but still running.
AMZN 10/21 Cup hdl 21.45 +0.43 20.32 24.38 6.2M 10M 21.75
Current. Ready for more.
ANT 12/11 Put 25 +0.15 22.45 20 292K 200K 23.55
Current. Still sinking back to the 10 day MVA, but rising volume. If no tanking Friday we exit.
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.
BBBY 01/02 Cup 36.79 +1.19 37.55 45 3.1M 5.7M 34.92
Buy Not Hit. Ready.
BEAS 12/19 Test BO 13.69 +0.85 11.77 14.74 15M 16M 10.94
Current. Moving back up on volume.
BPRX 01/09 Cup hdl 14.8 -0.24 16.06 20.45 201K 182K 14.94
New.
BRCM 01/02 Test 50 19.15 +1.3 16.85 20.45 12M 12M 15.67
Current. Nice move.
BRCM 11/16 BO 19.15 +1.3 15.9 20 12M 15M 14.79
Current.
CGX 12/03 Cup hdl 23.27 +0.23 22 26.45 20K 65K 21.94
Current. Starting up but no volume.
COGN 01/02 Cup 25.96 +0.89 25.11 30.24 1.2M 1.5M 23.35
Current. Rallying more on lower though still above average volume.
CRAY 01/04 Test 18 7.56 -0.06 7.7 9.85 665K 1M 7.16
Current. Holding at the 18 day MVA.
CRAY 11/30 A Wedge 7.56 -0.06 7.38 8.85 665K 346K 7.15
Current.
CRAY 10/21 Cup 7.56 -0.06 4.28 8 665K 346K 7.15
Target Hit.
CUB 07/06 Cup 20.15 +1.14 0 0 112K 0 0
DANKY 12/17 Cup hdl 4.8 +0.09 4.62 5.65 474K 560K 4.25
Buy Not issued. Higher volume; may be ready.
DISK 12/28 Cup hdl 2.83 +0.03 2.61 3.15 22K 37K 2.38
Current. Still moving higher but not much volume.
EBAY 12/12 Test 18 73.52 +1.66 69.45 77 7.3M 12M 68.05
Current. Rallying on above average volume.
EBAY 10/15 Test 50 73.52 +1.66 62.45 71 7.3M 12M 68.05
Current.
ECL 10/30 Cup hdl 51.5 +0.58 49.11 56.55 504K 1M 48.15
Current. Still moving up.
EUNI 12/30 Cup hdl 7 +0.4 6.55 8.15 192K 204K 5.78
Current. Higher on above average volume.
FLIR 01/09 Test 18 51.1 +1.83 51.98 59 235K 543K 48.34
New.
GRMN 11/06 Cup hdl 31 +0.54 22.34 34 498K 198K 28.95
Current. Tested the 10 day MVA and moving back up as it should.
HLTH 12/12 Cup hdl 9.5 -0.05 8.85 11.35 4.8M 3.1M 8.23
Current. Holding steady on lower volume.
HOTT 11/23 A Wedge 24.89 +0.22 23.9 28 1.2M 1.5M 22.45
Current. Gapped higher but could not hold most of the gain. Not bad, however.
LOOK 12/22 Cup hdl 3.29 +0.35 2.94 4.95 2.3M 950K 2.58
Current. Blasting off on huge volume.
LOW 07/06 Test 50 38.42 +1.25 0 0 7.5M 0 0
MRD 01/07 Cup hdl 23.4 +0.52 23.65 28.38 100K 136K 21.99
Buy Not Hit. Nice bounce on rising volume.
MRK 12/21 Test 50 59.78 +0.8 58.05 67 7.1M 9.5M 55.94
Current. Rising volume. Looks ready for the next move. Over 60 is another entry point.
MRK 12/07 Test BO 59.78 +0.8 59.15 67 7.1M 9.5M 55.94
Current.
MVL 11/04 BO 10.6 -0.2 8.74 12 699K 400K 9.21
Target Hit. Still holding up well for remaining positions.
NBTY 01/06 BO 19.72 -0.1 19.38 23.25 630K 878K 17.88
Current. Holding up on lower volume.
NOC 07/06 Test 50 98.85 +0.61 0 0 1.9M 1.7M 0
NTES 12/19 Test BO 15.5 +0.21 12 18 525K 550K 12.24
Current. Moving laterally, holding onto the gains.
OVER 12/26 Cup hdl 30.44 +0.55 30.05 36 918K 2.5M 27.95
Current.
PENN 12/14 Put 17.01 +0.38 16.55 14 309K 300K 17.65
Current. Tested the 50 day MVA on the high on lower volume.
PG 09/21 Test 18 85.78 +0.58 91.55 103 4.6M 5.5M 89.45
PPD 11/14 Test BO 20.3 +0.08 25.51 30.55 633K 450K 26.25
Current. Trying to recover but slowly.
PRA 12/11 Cup hdl 20.74 +0.04 20.26 24.32 59K 145K 20.25
Current. Holding the 18 day MVA.
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. Strong move up on rising, above average volume.
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
QLGC 08/17 CCall 41.8 +1.99 36.48 0 12M 12M 37
Current. Another nice move on rising volume.
RBK 01/02 DB hdl 31.8 +0.76 30.25 38.85 771K 680K 28.45
Current.
RCII 08/24 Test BO 54 +0.34 53.05 60.94 364K 701K 49.34
Buy Not Hit.
ROIAK 12/28 Rv H&S 15.06 +0.92 14.55 17.49 655K 650K 13.53
Current. Nice move and ready for more.
SFNT 01/08 DB hdl 27.75 +1.26 28.04 33.65 386K 367K 25.88
Buy Not Hit. Ready to make the move.
SINA 12/31 Test BO 8.63 +0.2 6.25 10 1.4M 950K 6.88
Current. Up again on above average volume.
SINA 12/04 Test BO 8.63 +0.2 5.58 10 1.4M 950K 6.88
Current.
SRCL 10/19 Cup 35.79 +1.15 35.25 40 423K 787K 32.78
STK 12/26 Cup hdl 24.7 +0.63 23.21 27.88 1.4M 1.2M 21.59
Current. Up on rising, above average volume.
SY 01/07 A Wedge 14.65 +0.65 14.55 17.45 444K 1.1M 13.53
Buy Not Issued. Looks ready.
TSCO 10/16 Test BO 42.96 +0.76 39.05 46.85 435K 235K 37.94
Current. Rising on strong volume. Nice recovery from a retail leader.
UNTD 11/30 Test BO 16.37 -1.08 16.25 19.88 1.5M 1M 16.25
Current. Banged down to the 18 day MVA on above average volume. Needs to hold here.
UNTD 11/02 Cup hdl 16.37 -1.08 13.3 19.88 1.5M 1M 16.25
Current.
UPL 10/19 A Wedge 9.39 +0.38 9.68 11.75 347K 345K 9.35
Current. Nice recovery off the 50 day MVA on solid, above average volume.
UTHR 11/12 DB hdl 16.14 -0.37 17.65 21.45 227K 295K 16.21
Exited.
UTIW 12/17 Rv H&S 25.99 -0.51 24.56 29 84K 175K 25.25
Current.
VOXX 01/08 A Wedge 10.46 -0.49 11.56 14 135K 149K 10.64
Buy Not Hit.
VRTS 08/19 CCall 20.03 +1.3 19.76 20 14M 8.5M 17.45
Current.
VRTY 11/30 Cup hdl 15.6 +0.69 14.56 17.65 453K 450K 13.54
Current. Solid move on above average volume.
WCS 01/06 Cup hdl 21.82 +0.32 22.35 26.88 169K 198K 20.79
Buy Not Hit. Moving up off the 10 day MVA on lower though average volume.
WM 07/06 Cup 36.5 +0.6 0 0 3.9M 5.5M 0
YHOO 12/11 Test 50 19.44 +0.69 17.32 22.75 8M 20M 16.11
Current. Moving up again.
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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