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stock recommendation, stock investment information
Begin part 2 of 2
THE PLAYS
Good movers on Tuesday: AMZN; BRCM; DRIV; EBAY; FLSH; IBM; ILXO; NTES; SINA; SOHU; SSYS; VSTA; YHOO
Tuesday Plays:
FLSH: Huge surge on volume.
SFNT: Tried to rally but stalled.
ASCL: Fell below the 18 day MVA on rising volume.
VSTA: Exploded higher on mega volume.
Best Plays:
1) They all look good.
2) Continuing: CTXS is starting to bounce. EFII is in a nice short term MVA test. RCII looks great in its test.
New Plays:
Play Date: 05/13/2003
ADIC (Advanced Digital Info--$8.51; +0.05; optionable): PC Data storage devices
http://biz.yahoo.com/p/a/adic.html
STATUS: Double bottom with handle. A hot sector, data storage stocks are showing good accumulation and solid moves. ADIC is working on a handle to its 4-month base, moving laterally and lower toward the 10 day MVA, tapping that level on the intraday lows (8.25). Accumulation in the base is excellent at 5 up weeks on rising volume to 1 down week on rising volume. Money flow is solid, rallying higher as the stock moves laterally and slightly lower. Looks ready for the breakout.
Volume: 291.019K Avg Volume: 347.409K
BUY POINT: $8.95 Volume=521K Target=$10.75 Stop=$8.32
POSITION: QXG IU - Sept. $7.50c (75 delta) &/or Stock
http://www.investmenthouse.com/cd/adic.html
Play Date: 05/13/2003
AGEN (Antigenics--$10.5; +0.63; optionable): Biotechnology
http://biz.yahoo.com/p/a/agen.html
STATUS: Cup w/handle. AGEN is in the process of breaking out of the 3-week handle to its 5.5 month base. Accumulation is solid at 4 up weeks on rising volume to 1 down week on rising volume; an excellent foundation for a further advance. Money flow has been moving up well ahead of the price, and the move Tuesday was on a strong shot of above average volume. Looking for some more volume as AGEN finishes the breakout.
Volume: 402.396K Avg Volume: 278.318K
BUY POINT: $10.58 Volume=417K Target=$12.75 Stop=$9.84
POSITION: QHL IB - Sept. $10c (64 delta) &/or Stock
http://www.investmenthouse.com/cd/agen.html
Continuing:
Play Date: 05/01/2003
SHRP (Sharper Image--$21.48; +0.98; optionable): Yuppie gadgets
http://biz.yahoo.com/p/s/shrp.html
STATUS: Cup w/handle. SHRP is showing solid volume as it starts the breakout move from its 6.5 month base. Retail is a mixed bag, but specialty retailers are starting to show some leadership in the group and in the market. Solid money flow is leading the way higher and we are looking to enter on another strong move higher.
Volume: 515.28K Avg Volume: 216.954K
BUY POINT: New: $21.85 (orig. $21.45) Volume=293K Target=$25.75 Stop=$19.95
POSITION: SAU HD - Aug. $20c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/shrp.html
MEMBER PORTFOLIO: AMZN, BRCM, IBM, IGEN, KLAC, MSFT, RCII, TEVA, WMT YHOO
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 intended to be held as a portfolio by subscribers and are not covered in their entirety in every report. When something interesting is developing we take note.
IBM 01/11 Cup hdl 89.98 +0.98 88.62 100 8.7M 14M 84.75
Current. Another nice move on volume.
YHOO 12/11 Test 50 27.22 +1.05 17.32 25 20M 20M 23.94
Current. Exploded higher on strong volume.
CONTINUING/WATCHLIST:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADIC 05/13 DB hdl 8.51 +0.05 8.95 10.75 291K 521K 8.32
New.
AGEN 05/13 Cup hdl 10.5 +0.63 10.58 12.75 402K 417K 9.84
New.
ALTR 04/15 Rv H&S 17.03 -0.37 15.75 18.81 7.3M 12M 16.02
Current. Still working up the 10 day MVA, we will see how it holds up Wednesday on the AMAT news.
AMZN 05/03 BO 32.95 +1.25 30.3 35.45 16M 12M 28.74
Current. Shot higher on excellent volume.
ASCL 05/07 FlyPlat 3.69 -0.14 4.05 4.96 1.8M 1.7M 3.77
Buy Not Hit.
BCE 04/05 Cup 20.43 +0.03 19.9 23.75 164K 550K 19.65
Current. Moving laterally below 25 on below average volume. Not a bad consolidation.
BCGI 04/24 Test BO 16.81 -0.63 18.55 22.26 864K 431K 17.55
Exited. Failed at the 18 day MVA so exited.
BLL 03/03 A Wedge 54.2 -1.1 54.22 62 577K 550K 55.74
Fell through the 50 day MVA on rising volume.
BLTI 02/10 Test BO 11.2 -0.06 7.2 9.5 278K 300K 11.25
Current. Trying to recover from the gap down, but might be stalling at the 10 day MVA. if it does we exit.
BRCM 05/03 Cup hdl 19.8 +0.49 19.2 22.94 22M 15M 17.86
Current. Nice volume move higher, continuing the breakout.
C 04/18 Rv H&S 39.27 -0.12 40.54 47.55 12M 23M 38.45
Buy Not Issued.
CHIR 05/03 Cup hdl 41.17 -0.06 42.9 51 1M 2M 40.25
Current. Trying to fight back, but showing a doji at the 10 day MVA. Might be all it gives on this rebound.
CLE 04/14 Cup hdl 27.88 -0.33 26.05 30 295K 567K 24.78
Buy Not Issued.
CNQR 04/22 Test 18 6 +0.05 6.12 7.42 84K 250K 5.65
Buy Not Issued.
CTL 05/01 Cup hdl 32.69 +0.2 32 38 676K 1.3M 30.55
Current. Still working higher on the great breakout, but running out of some gas here as volume backs off.
CTXS 03/29 Cup hdl 19.57 +0.5 14.12 17.25 4.7M 5.3M 17.94
Current. Bouncing up off the 10 day MVA on volume. Looks ready for the next run and a natural add-to point.
DCLK 04/26 Test BO 9.5 +0.13 9.04 11.35 1.4M 1.9M 8.54
Current. Up again and on volume. Looking solid.
DKS 03/18 DB hdl 29.6 +0.05 23.81 28.42 251K 225K 28
Current. Still trying to get over 30.
DKS 02/19 DB hdl 29.6 +0.05 22.75 27.35 251K 225K 28
Current.
DRIV 05/08 Test BO 18.9 +1.04 17.62 20.95 2.8M 1.4M 16.23
Current. Huge move higher on strong volume.
DSPG 04/26 Test BO 22.42 +0.22 21.1 25.1 309K 300K 20.25
Current. Up again on above average volume.
DSPG 04/09 Test BO 22.42 +0.22 19.35 23 309K 308K 20.25
Current.
EBAY 12/12 Test 18 97.48 +2.74 69.45 92 11M 12M 91.22
Current. Another internet surging higher.
EBAY 10/15 Test 50 97.48 +2.74 62.45 92 11M 12M 91.22
Current.
EFII 03/27 Cup hdl 19.49 -0.01 18.43 22.25 219K 498K 19.15
Current. Very tight doji right on the 18 day MVA. May be ready for the next move.
FDRY 04/29 Cup hdl 12.8 +0.16 10.9 13.15 3M 4.4M 10.74
Current.
FFIV 04/23 A Wedge 16.23 -0.24 15.3 18.32 494K 750K 14.05
Current. Took a breather on low volume.
FLSH 05/12 Rv H&S 9.89 +0.97 9.2 10.96 647K 195K 8.56
Current. Huge volume surge pushed it to the breakout.
GRMN 11/06 Cup hdl 47.85 +0.2 22.34 37.45 457K 198K 42.45
Current. Strong move Monday, took a breather Tuesday.
HAS 04/12 Test BO 16.07 -0.13 14.88 17.88 1M 1.2M 15.55
Current. Still moving laterally along the 10 day MVA.
HAS 03/31 Test BO 16.07 -0.13 14.65 17 1M 1.2M 15.35
Current.
IART 04/24 FlyPlat 26.31 -0.19 26.25 32 136K 485K 25.45
IBM 01/11 Cup hdl 89.98 +0.98 88.62 100 8.7M 14M 84.75
Current. Another nice move on volume.
IGEN 01/11 A Wedge 36.35 -1.03 0 0 688K 375K 36
IGLD 04/21 Cup 5.68 -0.37 4.3 6.45 304K 543K 4.75
Current. Gapped down but still working up the 10 day MVA.
ILXO 04/15 Cup hdl 15 +0.77 11.6 15.32 381K 293K 12.44
Current. Super move on volume.
JNPR 04/15 Flat 12.51 -0.02 10.6 13.42 15M 17M 10.78
Current. Took a breather.
KLAC 04/02 Test 50 42.75 -0.88 39.4 45.48 10M 13M 40.65
Current. Nervous ahead of AMAT and down 1.50 after hours. Will see if it can hold the 10 day MVA.
MDCO 05/10 Test 18 21.39 +0.06 21.25 25.48 345K 825K 19.76
Current. Still bouncing up off the 18 day MVA though volume backed off.
MME 04/30 BO 45.19 -0.48 45.65 54.45 810K 634K 42.45
Current. Testing back on the breakout.
MSFT 01/11 A Wedge 25.99 -0.22 26.62 30 45M 57M 25.55
MXIM 04/18 Rv H&S 39.37 -1.24 40.12 45 9.5M 1.2M 38.65
Current. Tough session as it was one of the downgrade targets.
MYK 03/22 Cup hdl 8.77 -0.47 8.88 10.88 210K 180K 8.26
Current. Tapped the 18 day MVA on the low and rebounded to hold the 10 day. Needs to hold here.
NTES 04/01 Cup 26.98 +1.58 17 27 1.5M 1M 22.55
Current. Super move on above average volume.
NVDA 05/08 Cup hdl 20.38 -0.39 17.55 21.25 15M 11M 16.32
Buy Not Issued. Testing back on lower volume. If it gets to 18 and holds that is where we will look at it.
OVTI 02/24 Cup hdl 30 +0.16 19.05 31 802K 1.2M 25.95
Current. Still working higher.
POSS 04/23 Cup 19.19 -0.54 20.18 24 260K 342K 18.45
Current. Nice tight doji on the 10 day MVA on strong volume.
QCOM 04/16 Put 31.37 +0.25 32.56 29 14M 16M 30.28
QLGC 03/15 Test BO 47.44 -0.01 38.85 45 5.3M 11M 42.22
Current.
QLGC 11/07 Test BO 47.44 -0.01 41.4 50 5.3M 25M 42.22
QLGC 08/17 CCall 47.44 -0.01 36.48 0 5.3M 12M 42.22
Current.
RCII 01/11 Test BO 65.2 +0.1 0 0 305K 0 62.45
Still looks good on the breakout test.
RGEN 04/07 Test 18 5.84 -0.16 4.84 7.1 273K 132K 5.45
Current.
RL 04/10 Cup hdl 23.1 -0.02 23.26 27.94 193K 433K 21.63
Buy Not Issued.
SCSS 04/26 Cup hdl 14.65 -0.19 12.22 16 282K 696K 12.94
Current. Strong move and took a breather Tuesday.
SFNT 05/12 Cup hdl 27.9 +0.19 28.5 32.75 376K 394K 26.5
Current. Started to rally again but then fell back for a modest
gain on solid volume.
SHRP 05/01 Cup hdl 21.48 +0.98 21.45 25.25 515K 293K 19.95
Buy Not Issued. Ready for the breakout.
SIGM 05/06 Cup hdl 7.48 -0.33 7.58 9.55 238K 125K 7.05
Buy Not Issued.
SINA 04/12 Cup hdl 13.43 +0.98 9.35 13.45 3.3M 2.5M 10.88
Current. Super move higher.
SOHU 03/20 Dbl btm 20 +0.73 10.55 21.45 1.7M 800K 16.55
Current. Rising on stronger volume.
SPLS 03/31 Test 50 20.55 -0.35 20.3 23.55 4.3M 5M 19.55
Current.
SSYS 03/01 Cup hdl 27.6 +3.57 12.25 15.45 811K 110K 21.88
Current. Up yet again on strong volume.
TEVA 01/11 A Wedge 48.37 -0.05 0 0 1.1M 5M 0
THOR 04/05 Test BO 14.09 +0.03 13.5 16.26 1.3M 721K 12.74
Current. Tried to continue the move but gave it back.
TNOX 04/12 Test 18 14.86 -0.1 12.96 15.75 338K 271K 14.25
Current.
TSCO 04/24 Cup hdl 45.13 +0.27 43.75 52 358K 603K 41.94
Current. Gapped higher but could not continue the rally started Monday.
TSCO 04/03 Rv H&S 45.13 +0.27 38.6 44.38 358K 577K 41.94
Current.
TXN 05/10 Cup hdl 19.7 +0.03 20.45 24.55 9.8M 16M 18.96
Buy Not Hit. Held nicely on the 10 day MVA, but we will see how it responds to the AMAT news.
USAI 03/25 Cup hdl 35.25 +0.64 29.12 33.55 12M 8.3M 32.55
Current. Another nice move on even better volume.
UTHR 04/30 Cup hdl 18.45 +0.06 18.12 21.75 449K 226K 17.48
Current. Tried another big move, up to 19, but gave it back on volume.
VIVO 05/07 BO 9.18 -0.12 9.38 11.25 53K 45K 8.72
Buy Not Issued. Nice test of the 18 day MVA and starting back up.
VRNT 05/05 Cup hdl 21.56 +0.32 22.92 27.55 191K 245K 21.32
Current. Recovering from the 50 day MVA test.
VRTS 08/19 CCall 25.49 +0.49 19.76 20 10M 8.5M 22.05
Current. The solid move continues as VRTS rising on once again above average volume.
VSTA 04/28 Cup hdl 23.85 +2.6 19.98 23.85 5.1M 156K 20.88
Target Hit. Blast off. Took some gain, left some to run.
VTAL 04/23 Cup hdl 17.1 +0.12 14.25 17.12 251K 150K 15
Current. Gapped higher but gave some of the move back. Stellar run higher.
WFR 03/29 FlyPlat 12.31 -0.79 12.4 15.15 592K 200K 12.22
Current. Sold below the 18 day MVA on strong, above average volume. Needs to hold the line.
WFR 02/22 Flat 12.31 -0.79 9.35 14 592K 217K 12.22
Current.
WMT 02/05 Put 55.49 -1.21 0 0 9.2M 8.2M 0
Not bad earnings as WMT held the 18 day MVA on stronger volume.
XLNX 03/20 Test BO 28.69 -0.51 28.05 34.55 7.4M 14M 26.88
Current. Held up well in the chip downgrades.
XMSR 04/07 Test BO 10.23 +0.24 6.95 8.42 7.8M 6.5M 8.94
Current. Still bouncing up off the 18 day MVA but volume backed off.
YHOO 12/11 Test 50 27.22 +1.05 17.32 25 20M 20M 23.94
Current. Exploded higher on strong volume.
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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