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stock recommendation, stock market report
Begin Part 2 of 2
THE PLAYS:
Good moves: AMGN, MDCO, QCOM
New Plays:
Downside:
Play Date: 02/11/2003
JPM (JP Morgan--$22; -0.1; optionable): Money bank
http://biz.yahoo.com/p/j/jpm.html
STATUS: Put. JPM has broken below the 50 day MVA at 24 and after a half-hearted test is now moving down the 10 day MVA (22.80). the past three sessions it has moved laterally over 22. Tuesday volume spiked as JPM gapped higher and then rolled over. Looks ready for a downside push, and if the market sells hard and fast in a sharp move down before the uncertainty of the weekend, JPM could fall fast.
Volume: 12.582M Avg Volume: 10.182M
BUY POINT: $21.74 Volume=12M Target=$18 Stop=$22.85
POSITION: JPM OE - Mar. $25p (-71 delta)
http://www.investmenthouse.com/ct/jpm.html
Play Date: 02/11/2003
MI (Marshall & Ilsley--$25.95; -0.63; optionable): Regional bank
http://biz.yahoo.com/p/m/mi.html
STATUS: Put. Moving down the 10 day MVA after breaking through the 50 day MVA the last two weeks of January. MI bounced up off of 26 Monday, cointinued up Tuesday gapping up to the 10 day MVA. It then rolled over and thudded to 26. If it blows through here it has plenty of downside.
Volume: 317.1K Avg Volume: 376K
BUY POINT: $25.87 Volume=350K Target=$23.35 Stop=$26.85
POSITION: MI OF - Mar. 30p (-96 delta, low OI)
http://www.investmenthouse.com/ct/mi.html
Upside
Play Date: 02/11/2003
DNA (Genentech--$35.8; -0.07; optionable): Biotechnology
http://biz.yahoo.com/p/d/dna.html
STATUS: 50 day MVA test. After a strong run up in mid-January, on some solid volume, DNA fell back the past three weeks on lower volume. It held the 50 day MVA (35.65) and has moved laterally on that level the last week. Tried to bounce up over the short term MVA Tuesday (high of 36.56) on some rising, average volume, but could not hold the move. Aggressive play, but holding over the August and November highs and the 50 day MVA is a good launching point.
Volume: 1.997M Avg Volume: 1.912M
BUY POINT: $36.65 Volume=2.2M Target=$40 Stop=$35.35
POSITION: DNA FG - June $35c (59 delta) and/or Stock
http://www.investmenthouse.com/ct/dna.html
WATCHLIST/ CONTINUING:
Still look great: CURE; BLTI; BSTE; CHIR
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 02/03 Put 418.58 -3.45 430 413 0 0 434
Current. Holding near 420. A break below that opens the door.
AFFX 02/08 Cup hdl 26.33 -0.03 26.55 30.55 785K 1.5M 24.69
Buy Not Issued.
AMGN 01/22 A Wedge 53.45 +0.47 53.12 62 13M 20M 50.25
Current.
ANF 01/22 Test BO 28.22 -0.28 27.75 32.55 1.4M 2.5M 26.85
Current.
APPX 01/25 Test BO 24.02 -0.06 25.4 30 601K 770K 23.32
Current.
ASKJ 12/26 Cup hdl 6.06 +0.09 2.89 6 993K 305K 4.44
Current.
ATRS 02/01 Test 50 14.5 0 15.04 18 78K 218K 13.99
Buy Not Hit.
AVO 12/16 A Wedge 12.25 -0.2 12.06 14.45 210K 210K 11.94
Current.
AXP 06/19 Put 33.17 -0.4 37.75 34.05 4.3M 500K 41
BBY 02/01 Test 50 26.86 +0.36 26.55 30 3.6M 4M 25.55
Current.
BLTI 02/10 Test BO 7.2 +0.3 7.09 9 477K 300K 6.59
Buy Not Issued.
BSTE 02/08 Put 33.46 +0.68 33.74 30.04 284K 500K 34.88
Current.
CAKE 01/21 Put 29.09 +0.09 31.25 28 664K 800K 31.05
Buy Not Issued.
CGNX 02/04 DB hdl 21.36 -0.37 22.94 26.88 328K 525K 21.12
Buy Not Issued.
CHIR 02/08 Put 36.22 -0.45 36.52 33.52 2.1M 2M 37.36
Current.
CKFR 01/28 Cup hdl 18.41 +0.15 20.85 25 922K 2M 18.94
Buy Not Hit.
CTXS 02/08 Put 11.67 +0.08 11.55 9.05 3.5M 450K 13.05
Current.
CURE 12/30 Cup hdl 18.2 +0.54 18.22 21.85 287K 176K 17.35
Current.
CVD 12/21 Cup hdl 24.75 -0.2 24.75 29.74 603K 581K 24.25
Current.
CVD 11/05 Test BO 24.75 -0.2 23.65 28 603K 581K 24.88
Current.
CVH 01/25 Put 26.51 -0.07 27.95 24.25 1.3M 600K 27.35
Current.
DCX 02/03 Put 29.7 +0.18 31.15 26.55 440K 950K 31.75
Current.
DNA 02/11 Test 50 35.8 -0.07 36.65 40 2M 2.2M 35.35
New.
FAST 02/01 Put 31.54 -0.39 32.29 29.15 424K 800K 33.35
Current.
FON 02/03 Put 12.39 +0.09 12.42 10 4.9M 3.8M 13.05
Current.
GPN 01/27 Put 28.48 +0.4 27.85 24.25 121K 175K 29.11
Buy Not Issued.
GRMN 11/06 Cup hdl 28.8 +0.05 22.34 34 426K 198K 28.35
Current.
HRH 02/10 Put 37.03 -0.22 36.96 34 195K 500K 37.81
Buy Not Issued.
JAKK 12/22 Put 12.4 -0.24 13.55 11 304K 325K 12.85
Exited.
JPM 02/11 Put 22 -0.1 21.74 18 13M 12M 22.85
New.
KSWS 02/06 Cup hdl 25.16 +0.43 25.77 30.88 364K 300K 23.44
Buy Not Hit.
MDCO 01/10 Cup hdl 16.97 -1.01 17.35 20.85 885K 800K 16.15
Current.
MERQ 12/11 Test BO 33.74 -0.49 31.55 41 3.2M 5M 34.74
Current.
MI 02/11 Put 25.95 -0.63 25.87 23.35 317K 350K 26.85
New.
MMC 01/30 Put 39.89 -0.91 43.45 38 2M 2M 43
Current.
MRCY 12/14 A Wedge 31.87 -0.13 33.2 38.45 127K 350K 31.74
Current.
MSN 12/21 Test BO 7.1 +0.2 5.92 7.45 176K 150K 4.94
Buy Not Issued.
MSN 12/04 Cup hdl 7.1 +0.2 4.85 6.35 176K 150K 5.94
Current.
MSN 11/23 Cup hdl 7.1 +0.2 4.15 6.35 176K 150K 5.94
Current.
NFLX 01/25 A Wedge 12.98 +0.51 13.28 15.88 343K 503K 12.15
Buy Not Hit.
NPSP 02/04 Put 22.89 +1.3 21.12 17 833K 600K 23.05
Current.
NSCN 12/22 Pennant 18.62 +0.17 17.24 21.24 797K 1.8M 18.25
Current.
NSM 01/25 Put 13.13 +0.03 13.96 11.95 2M 2.8M 14.25
Current.
NXTL 01/08 A Wedge 12.86 0 13.85 16.65 12M 30M 12.75
Current.
PNRA 01/25 Put 28.72 +1.62 30.55 27 1.1M 800K 29.55
Current.
POSS 01/06 Test BO 19.47 -0.35 18.35 22.12 94K 167K 18.94
Current.
POT 02/10 Put 57.9 -0.4 59.35 55 161K 175K 60.05
New.
PRX 02/08 BO 33.77 +0.79 33.11 39.74 431K 435K 30.54
Buy Not Issued.
QCOM 12/21 Test 50 37.65 +0.03 39.15 48 20M 18M 36.41
Buy Not Issued.
QCOM 12/04 Test 18 37.65 +0.03 40.85 50 20M 18M 37
Current.
QCOM 11/07 Test BO 37.65 +0.03 34.78 42 20M 18M 37
Current.
QLGC 11/07 Test BO 33.29 -0.08 41.4 50 9.5M 25M 39.88
ROK 01/09 Cup hdl 22.3 -0.21 22.35 26.85 549K 1M 21.85
Current.
ROST 02/05 Put 36.66 -0.15 36.75 33.45 1.7M 1.7M 39.65
Current.
SINA 12/31 Test BO 7.16 -0.33 6.25 10 761K 950K 8.25
Current.
SINA 12/04 Test BO 7.16 -0.33 5.58 10 761K 950K 8.85
Current.
SNDK 02/08 Put 15.83 +0.38 15.04 12.04 1.9M 3M 16.15
Buy Not Issued.
SOHU 01/03 BO 8.39 -0.06 7.96 10.35 225K 800K 8.94
Current.
UCBH 01/28 Put 42.43 -0.17 42.45 40 130K 1.7M 43.25
Current.
WB 01/29 Put 34.42 -0.57 35.28 32.05 2.8M 3.5M 36.05
Current.
WFSL 01/28 Put 22.05 +0.13 23.96 21 201K 301K 22.74
Current.
YHOO 12/11 Test 50 18.29 +0.37 17.32 22.75 7.5M 20M 17.74
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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stock recommendation
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