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stock recommendation, stock option
Begin Part 2 of 2
THE PLAYS
New Plays:
Upside:
Play Date: 03/04/2003
CY (Cypress Semiconductor--$6.15; 0; optionable): Semiconductor
http://biz.yahoo.com/p/c/cy.html
STATUS: Flat base. Moving laterally over the 50 day MVA (6.00) the past two weeks in a very tight pattern between 6 and 6.50. Since peaking in December, CY has shown excellent accumualation in this 3-month base it is forming (the left and bottom of a cup). It is excellent that it shows such good accumulation early. Tuesday CY showed a big, above average volume spike. We want to catch CY as it starts its move up the right side of the base.
Volume: 2.666M Avg Volume: 1.559M
BUY POINT: $6.53 Volume=2.3M Target=$8.55 Stop=$6.07
POSITION: CY IA - Sept. $5c (75 delta, low OI) &/or Stock
http://www.investmenthouse.com/ct/cy.html
Play Date: 03/04/2003
PKI (Perkinelmer--$8.16; -0.03; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/p/pki.html
STATUS: Testing the 200 day MVA (8.03). Not exactly near an all-time high, but has used the last two months well, forming a shallow cup well off the prior low at 4.50. PKI broke over the 200 day MVA four sessions back on an excellent volume surge and is not coming back to test that level, showing a very tight doji right over the 200 day Tuesday. This candlestick pattern right on top of the 200 day MVA after a high volume break over that level suggests a move up when this current downside ends.
Volume: 1.015M Avg Volume: 687.09K
BUY POINT: $8.65 Volume=1M Target=$10.38 Stop=$7.88
POSITION: PKI IU - Sept. $7.50c (67 delta, low OI) &/or Stock
http://www.investmenthouse.com/ct/pki.html
CONTINUING PLAYS:
Upside:
Play Date: 03/03/2003
CNCT (Connetics--$14.48; -0.11; optionable): Drug manufacturer
http://biz.yahoo.com/p/c/cnct.html
STATUS: Testing the breakout. Still a very nice test of the 10 day MVA, tapping the 18 day MVA on the low (14.36) and closing at the 10 day. Very strong volume on the test and recovery. This action follows a breakout from a 13-month pattern that sported solid 13 to 3 accumulation (13 up weeks on rising volume to 3 down weeks on rising volume).
Volume: 363.033K Avg Volume: 183K
BUY POINT: $14.88 Volume=210K Target=$17.88 Stop=$13.84
POSITION: UXU GV - July $12.50c (80 delta, low OI) and/or Stock
http://www.investmenthouse.com/ct/cnct.html
Play Date: 02/27/2003
SLAB (Silicon Labs--$26.52; +0.02; optionable): Semiconductor
http://biz.yahoo.com/p/s/slab.html
STATUS: Cup w/handle. After gapping higher and then crashing back Monday, SLAB tapped the 10 day MVA on the low (26.07) and bounced back. Still in the pattern and looking for the breakout. Still has the good accumulation in the base at 3 up weeks on rising volume to 0 down weeks on rising volume, but needs to hold above 26 and give a strong upside move.
Volume: 832.283K Avg Volume: 1.101M
BUY POINT: $26.94 Volume=1.7M Target=$31.28 Stop=$25.05
POSITION: QFJ GE - July $25c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/slab.html
Play Date: 03/01/2003
SSYS (Stratasys--$11.39; +0.05; no options): Computer peripherals
http://biz.yahoo.com/p/s/ssys.html
STATUS: Cup w/handle. Tried to make the move higher Monday with a gap that turned back. Good action Tuesday, however, with a test of the 10 day MVA on the low (10.95) and then a recovery. Accumulation in the recent base is 2 up weeks on rising volume to 0 down weeks on rising volume; solid accumulation on top of great accumulation in the prior base. Relative strength is breaking out and money flow continues to run higher.
Volume: 105.161K Avg Volume: 62.272K
BUY POINT: $11.64 Volume=110K Target=$13.97 Stop=$10.62
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/ssys.html
WATCHLIST/ CONTINUING:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADI 02/24 Test BO 27.33 -0.57 29.25 33.45 4.5M 3.5M 27.25
Current.
AFFX 02/08 Cup hdl 25.73 +0.13 26.55 30.55 532K 1.5M 24.69
Buy Not Issued.
AIG 02/20 Put 47.56 -0.79 49.48 46 7M 6M 51.25
Buy Not Issued.
AMGN 01/22 A Wedge 54.12 +0.27 53.12 62 11M 20M 52.68
Current.
APOL 02/18 A Wedge 45.29 -0.16 46.25 52.88 1.4M 22M 43.35
Current.
APSG 12/28 Cup hdl 13.3 -0.36 13.25 15.55 86K 85K 12.04
Current.
ASKJ 12/26 Cup hdl 6.77 -0.11 2.89 8 864K 305K 6.08
Current.
BBY 02/26 A Wedge 27.68 -1.09 28.38 32.97 2.8M 5M 27.45
Current.
BCGI 02/22 Cup 12.28 -0.32 13.63 16.35 174K 215K 12.68
Buy Not Hit.
BLTI 02/10 Test BO 7.4 -0.4 7.2 9.15 819K 300K 6.96
Current.
BMC 02/19 Cup hdl 18.57 -0.35 19.29 23.15 2.2M 2.5M 18.15
Current.
CCU 02/24 Put 33.83 -1.94 35.77 31.75 5.3M 4.8M 37.15
Buy Not Issued.
CGNX 02/04 DB hdl 21.68 -0.59 23.09 26.88 223K 525K 21.47
Buy Not Issued.
CKFR 01/28 Cup hdl 20.79 -0.37 20.85 25 603K 2M 18.94
Buy Not Issued.
CNCT 03/03 Test BO 14.48 -0.11 14.88 17.88 363K 210K 13.84
Buy Not Hit.
CVD 12/21 Cup hdl 20.99 -0.24 24.75 29.74 1.9M 581K 24.25
CVD 11/05 Test BO 20.99 -0.24 23.65 28 1.9M 581K 24.88
Current.
CY 03/04 Flat 6.15 0 6.53 8.55 2.7M 2.3M 6.07
New.
DISH 03/01 A Wedge 27.65 +1.7 27.05 31.12 11M 4.8M 25.16
Buy Not Issued.
EXC 02/13 Put 48.4 -0.86 49.65 45.55 1.3M 1.5M 50.85
Buy Not Issued.
GRMN 11/06 Cup hdl 32.9 -0.7 22.34 34 461K 198K 31.88
Current.
HPQ 03/01 Put 15.54 -0.32 15.62 13 8.8M 14M 16.32
Buy Not Hit.
IDCC 02/25 Test 50 13.98 -0.07 14.62 17.94 210K 850K 13.58
Buy Not Hit.
IMCL 03/01 Test BO 14.11 -0.24 14.6 16.72 1.5M 2M 12.97
Current.
IRM 02/24 DB hdl 34.69 -0.13 34.75 39.55 212K 389K 32.32
Current.
JDEC 02/22 Put 11.8 -0.01 11.6 9 643K 1.5M 12.18
Buy Not Issued.
LGTO 02/22 A Wedge 6 +0.1 6.42 8.25 2.5M 2M 5.88
Buy Not Hit.
MCHP 03/01 BO 23.4 -0.85 25.78 29.65 6.6M 5.5M 23.98
Buy Not Hit.
MDCO 01/10 Cup hdl 18.72 -0.74 17.35 20.85 423K 800K 17.55
Current.
MEDI 02/27 A Wedge 29.82 -0.09 30.25 34.84 3.6M 6M 28.13
Buy Not Issued.
MER 02/26 Put 33.45 -0.51 33.08 30 5.1M 8M 34.65
Buy Not Hit.
MSN 12/04 Cup hdl 6.82 +0.16 4.85 7.65 234K 150K 5.94
Current.
MSN 11/23 Cup hdl 6.82 +0.16 4.15 7.65 234K 150K 5.94
Current.
MVL 03/03 BO 11.51 -0.24 11.82 14.25 1.6M 675K 10.74
Buy Not Issued.
NATI 02/15 Test 50 33.55 -0.06 34.05 39 128K 425K 32.45
Current.
NFLX 01/25 Test BO 16.35 +0.39 14.3 17.96 398K 503K 14.35
Current.
NSCN 12/22 Pennant 19.63 +0.03 17.24 21.24 882K 1.8M 18.75
Current.
OSTK 02/22 Test BO 13.94 -0.3 17.15 20.45 126K 275K 16.65
Current.
PKI 03/04 Test BO 8.16 -0.03 8.65 10.38 1M 1M 7.88
New.
PNRA 02/12 Put 26.7 +0.25 27.48 24 580K 1.2M 29
Buy Not Issued.
POWI 02/22 Cup hdl 20.41 +0.01 23.05 27.74 428K 750K 21.28
Buy Not Issued.
PRX 02/08 BO 37.6 +0.38 34.65 40.45 452K 435K 34.15
QCOM 12/04 Test 18 34.45 +0.44 40.85 50 12M 18M 37
Current.
QCOM 11/07 Test BO 34.45 +0.44 34.78 42 12M 18M 37
Current.
QLGC 11/07 Test BO 34.76 -0.14 41.4 50 5.4M 25M 39.88
RNR 03/03 Put 36.9 -0.3 36.96 33.85 348K 435K 38.05
Buy Not Hit.
SBL 02/26 Test BO 10.17 -0.36 10.45 12.25 1.5M 2M 9.72
Current.
SLAB 02/27 Cup hdl 26.52 +0.02 26.94 31.28 832K 1.7M 25.05
Buy Not Issued.
SSYS 03/01 Cup hdl 11.39 +0.05 11.64 13.97 105K 110K 10.62
Buy Not Issued.
STK 02/19 Cup hdl 22.99 -0.29 24.65 28.45 653K 1M 23.05
Buy Not Hit.
TRMB 03/03 BO 17.15 -0.38 17.75 21.28 190K 272K 16.44
Buy Not Hit.
VRTY 02/18 Cup hdl 16.48 -0.05 16.6 19.94 419K 500K 15.55
Current.
YHOO 12/11 Test 50 19.87 -0.05 17.32 22.75 10M 20M 19.05
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 option
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