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stock recommendation, stock market report
Begin Part 2 of 2
We apologize for the late report. We had some major technical problems this evening.
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THE PLAYS:
New Plays:
Downside: If they set up right
Play Date: 02/13/2003
EXC (Exelon--$48; +1.17; optionable): Utilities
http://biz.yahoo.com/p/e/exc.html
STATUS: Put. EXC broke down below the 200 day MVA (50) 5 sessions back, made a weak attempt to test and then tanked. It hit 46 on the Thursday selling and then started to rebound. We are looking for a test of the 200 day MVA or 10 day MVA at 49.23 to fail and then enter on the way back down. Volume was still up Thursday, so we want to see it fade as the stock moves higher.
Volume: 1.533M Avg Volume: 1.275M
BUY POINT: $49.65 Volume=1.5M Target=$45.55 Stop=$50.85
POSITION: EXC PJ - April $50p (-56 delta)
http://www.investmenthouse.com/cs/exc.html
Play Date: 02/13/2003
LM (Legg Mason--$46.53; +0.63; optionable): Investment brokerage
http://biz.yahoo.com/p/l/lm.html
STATUS: Put. LM blew through the 200 day MVA at 48 five sessions back and landed at 46. Volume was higher Tuesday and Wednesday as it sold. Thursday it started to bounce, but on lower volume. We will let it rally up to the 200 day MVA and then look to get in if the move up is on lower volume and it stalls and rolls over at that level.
Volume: 421.2K Avg Volume: 365.272K
BUY POINT: $47.74 Volume=500K Target=$44 Stop=$48.25
POSITION: LM QJ - May $50p (-67 delta)
http://www.investmenthouse.com/ct/lm.html
WATCHLIST/ CONTINUING:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 02/03 Put 414.04 +0.43 430 413 0 0 434
Current. It was down and we were ready to take some gain when it bounced some. Instead of taking a 30% gain we kept waiting for it to come back and fall. We still think it will do that after this short covering run Thursday, but a nice gain was there today.
AFFX 02/08 Cup hdl 25.29 -0.46 26.55 30.55 1.2M 1.5M 24.69
Buy Not Issued.
AMGN 01/22 A Wedge 51.78 -0.54 53.12 62 11M 20M 50.25
Current.
ANF 01/22 Test BO 27.01 -1.89 27.75 32.55 3M 2.5M 26.85
Exited.
APPX 01/25 Test BO 23.41 -0.09 25.4 30 1.2M 770K 23.32
Current.
ASKJ 12/26 Cup hdl 6.17 +0.02 2.89 6 976K 305K 4.44
Current.
ATRS 02/01 Test 50 13.68 -0.48 15.04 18 98K 218K 13.99
Buy Not Hit.
AVO 12/16 A Wedge 12.33 +0.08 12.06 14.45 38K 210K 11.94
Current.
BBY 02/01 Test 50 25.71 -0.91 26.55 30 4.1M 4M 25.55
Exited.
BGEN 02/01 Put 37.57 -0.19 37.65 34 2.9M 3.5M 38.65
Buy Not Issued.
BLTI 02/10 Test BO 6.65 -0.2 7.09 9 513K 300K 6.59
Buy Not Issued.
BSTE 02/08 Put 31.68 -0.51 33.74 30.04 367K 500K 34.88
Current.
CAKE 01/21 Put 27.83 -0.92 31.25 28 836K 800K 31.05
CGNX 02/04 DB hdl 20.69 -0.25 22.94 26.88 492K 525K 21.12
Buy Not Issued.
CHIR 02/08 Put 35.82 +0.1 36.52 33.52 2.1M 2M 37.36
Current.
CKFR 01/28 Cup hdl 18.3 -0.25 20.85 25 1.2M 2M 18.94
Buy Not Hit.
CTXS 02/08 Put 11.62 -0.02 11.55 9.05 3M 450K 13.05
Current.
CVD 12/21 Cup hdl 23.4 +0.64 24.75 29.74 487K 581K 24.25
Current.
CVD 11/05 Test BO 23.4 +0.64 23.65 28 487K 581K 24.88
Current.
CVH 01/25 Put 25.82 +0.45 27.95 24.25 641K 600K 27.35
Current.
DCX 02/03 Put 28.95 +0.13 31.15 26.55 581K 950K 31.75
Current.
DNA 02/11 Test 50 34.65 -0.7 36.65 40 2.2M 2.2M 35.35
Buy Not Hit.
EXC 02/13 Put 48 +1.17 49.65 45.55 1.5M 1.5M 50.85
New.
FAST 02/01 Put 31.44 +0.14 32.29 29.15 505K 800K 33.35
Current.
FON 02/03 Put 12.15 -0.41 12.42 10 4.2M 3.8M 13.05
Current.
GPN 01/27 Put 27.68 -0.32 27.55 27.55 315K 175K 29.11
Current.
GRMN 11/06 Cup hdl 29.76 -0.5 22.34 34 709K 198K 28.35
Current.
HRH 02/10 Put 31.28 +1.08 36.96 34 1M 500K 37.81
Buy Not Issued.
JPM 02/11 Put 21.29 -0.22 21.68 18 11M 12M 22.85
Current.
KSWS 02/06 Cup hdl 23.53 -2.46 25.77 30.88 2.7M 300K 23.44
Buy Not Hit.
LM 02/13 Put 46.53 +0.63 47.74 44 421K 500K 48.25
New.
MDCO 01/10 Cup hdl 17.5 -0.15 17.35 20.85 660K 800K 16.15
Current.
MERQ 12/11 Test BO 33.51 -0.4 31.55 41 3.7M 5M 34.74
Exited.
MI 02/11 Put 25.92 +0.17 25.87 23.35 230K 350K 26.85
Buy Not Issued.
MMC 01/30 Put 39.69 -0.19 43.45 38 1.7M 2M 43
Current.
MRCY 12/14 A Wedge 30.4 -1.43 33.2 38.45 312K 350K 31.74
Exited.
MSN 12/21 Test BO 6.6 -0.26 5.92 7.45 528K 150K 4.94
Buy Not Issued.
MSN 12/04 Cup hdl 6.6 -0.26 4.85 6.35 528K 150K 5.94
Current.
MSN 11/23 Cup hdl 6.6 -0.26 4.15 6.35 528K 150K 5.94
Current.
NFLX 01/25 A Wedge 13.22 -0.06 13.28 15.88 436K 503K 12.15
Buy Not Issued.
NPSP 02/04 Put 22.36 -0.01 21.12 17 320K 600K 23.05
Current.
NSCN 12/22 Pennant 17.7 -0.51 17.24 21.24 1.6M 1.8M 18.25
Current.
NSM 01/25 Put 12.84 -0.04 13.96 11.95 1.9M 2.8M 14.25
Current.
NXTL 01/08 A Wedge 12.31 -0.45 13.85 16.65 21M 30M 12.75
Exited.
PNRA 02/12 Put 26.06 -1.54 27.48 24 3.4M 1.2M 29
Buy Not Issued.
POT 02/10 Put 59.04 +1.33 59.35 55 170K 175K 60.05
Buy Not Hit.
PRX 02/08 BO 33.63 -0.04 33.11 39.74 418K 435K 30.54
Buy Not Issued.
QCOM 12/21 Test 50 33.91 -2.65 39.15 48 40M 18M 36.41
Buy Not Issued.
QCOM 12/04 Test 18 33.91 -2.65 40.85 50 40M 18M 37
Current.
QCOM 11/07 Test BO 33.91 -2.65 34.78 42 40M 18M 37
Current.
QLGC 11/07 Test BO 33.54 +0.28 41.4 50 7.2M 25M 39.88
ROK 01/09 Cup hdl 21.34 -0.26 22.35 26.85 643K 1M 21.85
Exited.
ROST 02/05 Put 35.94 -0.5 36.75 33.45 2M 1.7M 39.65
Current.
SNDK 02/08 Put 15.42 -0.01 15.04 12.04 1.1M 3M 16.15
Buy Not Issued.
UCBH 01/28 Put 42.29 +0.44 42.45 40 142K 1.7M 43.25
Current.
WB 01/29 Put 34.22 +0.12 35.28 32.05 2.6M 3.5M 36.05
Current.
WFMI 02/12 Put 49.62 +3.81 45.65 41.85 3.3M 850K 46.74
Buy Not Hit.
WFSL 01/28 Put 21.9 +0.08 23.96 21 212K 301K 22.74
Current.
YHOO 12/11 Test 50 18.05 -0.12 17.32 22.75 13M 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
stock market report
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