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stock recommendation, stock investment information
Begin Part 2 of 2
Revisited:
Downside:
Play Date: 02/18/2003
CAH (Cardinal Health--$58.1; -0.07; optionable): Wholesale drugs
http://biz.yahoo.com/p/c/cah.html
STATUS: Put. Continuing the downtrend, CAH rallied up to test the 50 day MVA on the Wednesday high (59.10) and fell back, showing a doji on rising, average volume. The doji on rising volume below resistance indicates the bounce up in the downtrend is ending. It gave us the test, and now looks ready to turn back.
Volume: 2.799M Avg Volume: 2.78M
BUY POINT: $57.94 Volume=3M Target=$54.45 Stop=$60.12
POSITION: CAH RL - June $60p (-51 delta)
http://www.investmenthouse.com/ci/cah.html
Play Date: 02/13/2003
PFCB (PF Changs--$32.96; -0.67; optionable): Restaurants
http://biz.yahoo.com/p/p/pfcb.html
STATUS: Put. Tested the 18 day MVA again on the Wednesday high (33.79) and then rolled back down to close below the 200 day MVA (33.22). Volume did not rally as the stock turned lower. Looking for some more volume as the stock continues to fall.
Volume: 510.213K Avg Volume: 476.818K
BUY POINT: $32.45 Volume=700K Target=$27.75 Stop=$33.88
POSITION: HUO PG - Apr. $35p (-65 delta)
http://www.investmenthouse.com/ci/pfcb.html
CONTINUING PLAYS:
Still look good:
BHE; BMRN; CELL; CKFR; SYMC
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 02/03 Put 428.80 -2.68 430 413 0 0 434
Current. Managed to hold the 10 day MVA and bounce back on lower volume. Still looking for it to turn back lower here.
ALN 01/18 Test BO 12.98 -0.52 13.41 16.85 2.2M 450K 12.25
Buy Not Issued.
ALN 11/09 Test BO 12.98 -0.52 7.28 14 2.2M 200K 11.94
Current. Not responding well to the Tuesday gap higher, testing back to the 18 day MVA on continued above average volume. Needs to hold the line here.
AMGN 01/22 A Wedge 53.98 +0.36 53.12 62 9.5M 20M 50.25
Current. Continuing its move toward a break over resistance at 54. Volume is still low and below average.
AMZN 01/09 Test 50 21.19 -0.2 22.72 27.25 5.5M 13M 20.75
Buy Not Issued.
AMZN 10/21 Cup hdl 21.19 -0.2 20.32 24.38 5.5M 10M 20.75
Current. Nice move Tuesday, but stalled some Wednesday still below the 50 day MVA on lower volume.
APOL 02/18 A Wedge 44.51 -1.18 46.25 52.88 1.5M 22M 43.35
Buy Not Hit.
AVCT 02/13 Test BO 26.95 -0.5 26.56 30.45 367K 725K 24.53
Buy Not Hit.
BEN 02/18 Put 32.8 -0.15 32.74 30 428K 600K 33.75
Current. Tapped the 18 day MVA and started back down. Needs some more volume.
BG 01/29 Test BO 26.04 -0.17 26.25 31.45 165K 675K 24.41
Buy Not Hit.
BHE 02/11 Test BO 35.2 -0.28 35.15 42 406K 500K 32.69
Buy Not Issued.
BLS 02/05 Put 22.14 -0.9 23.49 21 5.5M 500K 23.74
Current. Gapped lower on strong volume. Needs to break through 22.
BMC 02/19 Cup hdl 18.94 -0.13 19.29 23.15 1.3M 2.5M 17.94
New.
BMRN 02/15 Test 18 10.44 +0.44 10.28 12.35 517K 700K 9.56
Buy Not Hit. Good price move. Needs just a bit more volume.
BPRX 02/10 Put 12.24 +0.1 12.64 10 37K 250K 13.48
Buy Not Issued.
BRL 01/27 Test BO 77.21 +1.13 78.58 90 642K 875K 75.94
CAH 02/18 Put 58.1 -0.07 57.94 54.45 2.8M 3M 60.12
Buy Not Issued. Looks very good.
CCMP 02/19 Put 42.77 -2.87 42.45 37.12 1.6M 1.2M 44.45
New.
CELG 02/04 Put 21.6 -0.41 21.94 19.75 272K 1M 22.55
Current. Turned back from the 50 day MVA and tanked.
CELL 02/06 Test BO 10 +0.3 10.65 12.75 115K 260K 9.45
Buy Not Hit.
CHS 01/25 Put 18.3 -0.27 17.79 14.51 772K 1.2M 18.78
Current. Unable to break higher, unable to break lower. If does not tank Thursday we will close it out.
CKFR 01/28 Cup hdl 19.99 +0.46 20.85 25 1.3M 2M 18.94
Buy Not Hit.
CTXS 02/08 Put 12.56 +0.05 11.55 9.05 2.9M 450K 12.75
Current. Still trying to clear the 18 day MVA but not getting any volume. Not selling back either, and if it does not later this week we will exit.
CVD 12/21 Cup hdl 22.97 +0.03 24.75 29.74 692K 581K 24.25
Current. Holding steady at 23 on rising volume. Needs to make the move over 24.
CVD 11/05 Test BO 22.97 +0.03 23.65 28 692K 581K 24.88
Current.
CVH 01/25 Put 27.49 +0.67 27.95 24.25 1.1M 600K 27.35
Current. Tapped at the 50 day MVA on the high and backed off some but volume remained above average. Looking for it to roll back here for a better exit point.
DCX 02/03 Put 29.9 -0.93 31.15 26.55 594K 950K 31.35
Current. Nice turn back down on some volume.
DKS 02/19 DB hdl 21.8 +0.04 22.75 27.35 207K 225K 21.16
New.
EAT 02/11 Put 26.62 -0.53 28.7 25.74 1.2M 750K 28.94
Current. Moving lower on continued solid, above average volume.
EXPE 11/30 A Wedge 62.96 -0.47 78.25 88 1.2M 3.2M 72.77
Current.
FAST 02/01 Put 32.32 -0.25 32.29 29.15 437K 800K 32.94
Current. Tapped at the 18 day MVA again and peeled back some. Needs to fail here and it is struggling.
FDS 02/19 Put 25.68 -0.21 25.45 22.12 318K 300K 26.45
New.
FON 02/03 Put 12.51 -0.17 12.42 10 2.5M 3.8M 13.05
Current. Struggling at the 200 day MVA on below average volume. Needs to fall.
GPN 01/27 Put 28.81 +0.47 27.55 24.55 72K 175K 28.78
Current. Rallying over the 18 day MVA on continued weak volume. Resistance at 29, and it needs to turn back there.
HLTH 02/08 Test BO 9.38 +0.08 9.75 11.35 1.7M 3.1M 8.85
Current.
HLTH 12/12 Cup hdl 9.38 +0.08 8.85 11.35 1.7M 3.1M 8.85
Current.
JEF 02/15 Put 37.86 -0.55 38 34.08 182K 210K 39.28
Current. Tested the 18 day MVA and turned lower on rising volume.
JPM 02/11 Put 22.5 0 21.68 18 8.1M 12M 22.85
Current. Another doji below the 18 day MVA.
MSN 12/21 Test BO 7 +0.44 5.92 7.45 309K 150K 4.94
Buy Not Issued.
MSN 12/04 Cup hdl 7 +0.44 4.85 6.35 309K 150K 5.94
Current. Nice move on volume.
MSN 11/23 Cup hdl 7 +0.44 4.15 6.35 309K 150K 5.94
Current.
NSCN 12/22 Pennant 20.08 +0.13 17.24 21.24 1.1M 1.8M 18.25
Current.
OTEX 01/25 BO 28.15 -0.14 28.09 33.94 377K 345K 26.25
Buy Not Issued.
PFCB 02/13 Put 32.96 -0.67 32.45 27.75 510K 700K 33.88
Buy Not Hit. Looks ready to fall.
PNRA 02/12 Put 26.09 -0.41 27.48 24 1.2M 1.2M 29
Buy Not Issued.
POT 02/10 Put 57 -0.8 59.35 55 177K 175K 60.05
Buy Not Issued.
PRU 02/15 Put 30.31 -0.61 30.88 27.88 2.5M 2.8M 31.45
Current. Very nice turn on rising volume.
PRX 02/08 BO 33.9 -0.9 33.11 39.74 341K 435K 30.54
Buy Not Issued.
QCOM 12/21 Test 50 35.54 +0.15 39.15 48 11M 18M 36.41
Buy Not Issued.
QCOM 12/04 Test 18 35.54 +0.15 40.85 50 11M 18M 37
Current.
QCOM 11/07 Test BO 35.54 +0.15 34.78 42 11M 18M 37
Current.
QLGC 11/07 Test BO 35.5 -0.27 41.4 50 5.4M 25M 39.88
QLGC 08/17 CCall 35.5 -0.27 36.48 0 5.4M 12M 37
Current. Doji below the 50 day MVA on lower volume. Needs to clear 36, but if not we can look at selling the 37.50 calls.
SYMC 01/09 Test 50 45.9 -0.47 46.3 51 3.7M 4.1M 43.96
Current. Nice volume surge, holding at the 10 day MVA.
TARO 02/12 Put 32.66 +0.66 30.55 27 319K 300K 31.81
Exited.
UPL 10/19 A Wedge 9.79 -0.06 9.68 11.75 59K 345K 9.45
Current.
VAR 12/18 Rv H&S 50.9 -0.71 50.25 58 421K 700K 49.15
Current.
VIA 02/15 Put 37.83 -0.84 37.88 34.55 313K 485K 38.45
Buy Not Issued. Turned lower after the Tuesday move. Would have preferred to see more volume, and if it comes in it will be ready.
VRTS 08/19 CCall 18.32 +0.16 19.76 20 5.5M 8.5M 17.45
Current. Up to the 200 day MVA on the close on lower volume. This might be all it gives us and we are looking at the May 17.50 calls to sell.
VRTY 02/18 Cup hdl 14.95 -0.79 16.43 19.65 502K 500K 15.15
Buy Not Hit.
WB 01/29 Put 35.26 -0.39 35.28 32.05 3M 3.5M 36.05
Current. Tapped the 50 day MVA and the fell back on rising, average volume. Moment of truth ahead.
ZMH 02/06 DB hdl 41.99 -0.75 42.65 50.88 697K 1.6M 41.20
Current. Took a breather on below average volume.
Good Investing!
Jon L. Johnson and your IH Alerts 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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