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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS
Good movers Thursday: ALTR; BLTI; BRCM; DCLK; DSPG; FDRY; FFIV; ILXO; MDCO
Thursday Plays:
AETH: Getting close to the breakout and still looking very good.
CELG: Gapped up to the buy on strong volume. It was worth some positions though it was showing a doji near the close.
ASCL: Big doji at the 18 day MVA yet again.
IART: Still in the nice tight pattern.
Best Plays:
1) ADIC: Huge volume surge.
2) CNQR: Tightening up nicely.
3) Continuing: QLGC is giving a nice test. AETH still looks solid. KLAC is testing the 18 day MVA well.
Play Date: 05/13/2003
ADIC (Advanced Digital Info--$8.55; +0.07; optionable): PC data storage devices
http://biz.yahoo.com/p/a/adic.html
STATUS: Double bottom w/handle. Definitely worth another look here as ADIC continues to work laterally over the 10 day MVA (8.36) in the handle to its 4 month base. Thursday volume screamed higher as ADIC showed another doji, positing a very small gain. With the strong accumulation (5 to 1) and money flow soaring ahead of the price as it moves laterally, this volume surge appears to indicate a strong move ahead.
Volume: 1.183M Avg Volume: 353.909K
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: 04/22/2003
CNQR (Concur Technologies--$6.12; -0.03; no options): Technical and system software
http://biz.yahoo.com/p/c/cnqr.html
STATUS: Triangle. CNQR is tightening up over the 10 day MVA at 6 on some very low, below average volume. This move follows its breakout in early April, and it has now spent the last 7 weeks forming the current lateral move. Accumulation has remained solid as money continues to move in and rally ahead of the price as it moves laterally. We are looking for volume to surge once again as CNQR moves up and out of this nice lateral consolidation.
Volume: 57.232K Avg Volume: 209.59K
BUY POINT: New: $6.32 (orig. $6.12) Volume=250K Target=$7.42 Stop=$5.65
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/cnqr.html
Play Date: 04/18/2003
C (Citigroup--$39.45; +0.55; optionable): Money center bank
http://biz.yahoo.com/p/c/c.html
STATUS: Reverse head and shoulders. Financials continue to firm up, not really participating in the recent surge higher but continuing to work on forming up their patterns. C is one of those, working laterally over the 18 day MVA (39.07) on low, below average volume the past four sessions. Accumulation in the 5.5 month base is solid at 4 to 2, and as with many financials, money flow is moving up ahead of price even as the stock moves laterally. Looking for a definitive breakout. These stocks have not run nearly as much in the recent rally higher, so they are poised for good moves if they can give the breakout.
Volume: 11.35M Avg Volume: 15.344M
BUY POINT: $40.54 Volume=23M Target=$47.55 Stop=$38.45
POSITION: C IU - Sept. $37.50c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/c.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.
TEVA 01/11 A Wedge 48.03 +0.97 0 0 2.9M 5M 0
Volume has swelled the past two sessions. May be ready.
BRCM 05/03 Cup hdl 20.95 +0.91 19.2 22.94 24M 15M 17.86
Current. Man another strong surge on volume.
CONTINUING/WATCHLIST:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADIC 05/13 DB hdl 8.55 +0.07 8.95 10.75 1.2M 521K 8.32
Buy Not Hit.
AETH 05/14 Cup hdl 4.2 +0.19 4.25 5.12 381K 244K 3.95
Buy Not Hit.
AGEN 05/13 Cup hdl 11.17 -0.17 10.95 13.22 352K 417K 10.05
Current.
ALTR 04/15 Rv H&S 17.67 +0.72 15.75 18.81 13M 12M 16.02
Current.
AMZN 05/03 BO 32.63 +0.03 30.3 35.45 5.2M 12M 28.74
Current.
ASCL 05/07 FlyPlat 3.76 +0.06 4.05 4.96 1.1M 1.7M 3.77
Buy Not Hit.
BCE 04/05 Cup 20.44 -0.2 19.9 23.75 379K 550K 19.65
Current.
BLL 03/03 A Wedge 53.89 +0.37 54.22 62 417K 550K 55.74
Exited.
BLTI 02/10 Test BO 12.53 +1.07 7.2 9.5 1.2M 300K 11.25
Current.
BRCM 05/03 Cup hdl 20.95 +0.91 19.2 22.94 24M 15M 17.86
Current.
C 04/18 Rv H&S 39.45 +0.55 40.54 47.55 11M 23M 38.45
Buy Not Issued.
CLE 04/14 Cup hdl 27.5 -0.15 26.05 30 328K 567K 24.78
Buy Not Issued.
CNQR 04/22 Test 18 6.12 -0.03 6.12 7.42 57K 250K 5.65
Buy Not Issued.
CTL 05/01 Cup hdl 32.92 +0.42 32 38 612K 1.3M 30.55
Current.
CTXS 03/29 Cup hdl 20.2 +0.6 14.12 17.25 2.9M 5.3M 18.56
Current.
DCLK 04/26 Test BO 10 +0.23 9.04 11.35 2.5M 1.9M 8.54
Current.
DKS 03/18 DB hdl 28.31 -1.28 23.81 28.42 408K 225K 28
Current.
DKS 02/19 DB hdl 28.31 -1.28 22.75 27.35 408K 225K 28
Current.
DRIV 05/08 Test BO 18.9 -0.25 17.62 20.95 1.1M 1.4M 16.23
Current.
DSPG 04/26 Test BO 24.21 +0.8 21.1 25.1 772K 300K 22.04
Current.
DSPG 04/09 Test BO 24.21 +0.8 19.35 23 772K 308K 22.04
Current.
EBAY 12/12 Test 18 98.08 +0.45 69.45 92 7.3M 12M 94.05
Current.
EBAY 10/15 Test 50 98.08 +0.45 62.45 92 7.3M 12M 94.05
Current.
EFII 03/27 Cup hdl 19.01 0 18.43 22.25 261K 498K 19.15
Exited. Went ahead and took the money off the table with a
trailing stop. It did hold at some support at 19 with
a doji, so maybe it will bounce. We decided to free
up the $ for a better stock.
FDRY 04/29 Cup hdl 13.87 +0.63 10.9 13.15 5.6M 4.4M 12.28
Current.
FFIV 04/23 A Wedge 16.97 +0.46 15.3 18.32 1.1M 750K 14.05
Current.
FLSH 05/12 Rv H&S 10.12 +0.12 9.2 10.96 392K 195K 8.56
Current.
GRMN 11/06 Cup hdl 47.64 -0.14 22.34 37.45 521K 198K 44.15
Current.
HAS 04/12 Test BO 15.98 +0.16 14.88 17.88 545K 1.2M 15.55
Current.
HAS 03/31 Test BO 15.98 +0.16 14.65 17 545K 1.2M 15.35
Current.
IART 04/24 FlyPlat 26.5 +0.04 26.25 32 196K 485K 25.45
IBM 01/11 Cup hdl 89.9 +1.2 88.62 100 7.1M 14M 84.75
Current.
IGEN 01/11 A Wedge 36.68 +0.18 0 0 494K 375K 36
IGLD 04/21 Cup 4.74 -0.18 4.3 6.45 370K 543K 4.75
Current. Did not like the action intraday and sold it with a
trailing stop. Turns out it sold further and broke
the 18 day MVA.
ILXO 04/15 Cup hdl 16.75 +0.54 11.6 15.32 311K 293K 14.18
Current.
JNPR 04/15 Flat 13.07 +0.06 10.6 13.42 14M 17M 11.94
Current.
KLAC 04/02 Test 50 41.97 +0.43 39.4 45.48 7.6M 13M 41.22
Current.
MDCO 05/10 Test 18 21.95 +0.85 21.25 25.48 407K 825K 19.76
Current.
MME 04/30 BO 45.3 +0.24 45.65 54.45 721K 634K 42.45
Current.
MSFT 01/11 A Wedge 25.79 +0.16 26.62 30 46M 57M 25.55
MXIM 04/18 Rv H&S 39.25 +1.07 40.12 45 7M 1.2M 38.65
Current.
MYK 03/22 Cup hdl 8.79 -0.2 8.88 10.88 141K 180K 8.26
Current.
NTES 04/01 Cup 27.71 -0.6 17 27 1.4M 1M 24.92
Current.
NVDA 05/08 Cup hdl 21.06 +0.7 17.55 21.25 9.3M 11M 16.32
Buy Not Issued.
OVTI 02/24 Cup hdl 30.73 -0.26 19.05 31 1.2M 1.2M 27.65
Current.
QCOM 04/16 Put 30.23 -0.61 32.56 29 24M 16M 30.28
QLGC 03/15 Test BO 46.48 +0.22 38.85 45 5.6M 11M 44.24
Current.
QLGC 11/07 Test BO 46.48 +0.22 41.4 50 5.6M 25M 44.24
QLGC 08/17 CCall 46.48 +0.22 36.48 0 5.6M 12M 44.24
Current.
RCII 01/11 Test BO 65.8 +0.58 0 0 272K 0 62.45
RGEN 04/07 Test 18 5.75 -0.22 4.84 7.1 219K 132K 5.45
Current.
RL 04/10 Cup hdl 23.52 +0.12 23.26 27.94 384K 433K 21.63
Buy Not Issued. Decent volume, but it is not making a breakout move.
SCSS 04/26 Cup hdl 15.05 +0.23 12.22 16 477K 696K 12.94
Current.
SFNT 05/12 Cup hdl 27.81 +0.11 28.5 32.75 171K 394K 26.5
Current.
SHRP 05/01 Cup hdl 21.3 -0.05 21.45 25.25 130K 293K 19.95
Buy Not Issued.
SIGM 05/06 Cup hdl 8.05 -0.17 7.58 9.55 295K 125K 7.05
Buy Not Issued.
SINA 04/12 Cup hdl 14.39 -0.39 9.35 13.45 3.5M 2.5M 12.38
Current.
SOHU 03/20 Dbl btm 21.43 -0.25 10.55 21.45 1.3M 800K 18.94
Current.
SPLS 03/31 Test 50 20 -0.11 20.3 23.55 4.5M 5M 19.55
Current.
SSYS 03/01 Cup hdl 28.42 -0.68 12.25 15.45 502K 110K 24.94
Current.
TEVA 01/11 A Wedge 48.03 +0.97 0 0 2.9M 5M 0
THOR 04/05 Test BO 13.35 -0.73 13.5 16.26 763K 721K 12.74
Current.
TSCO 04/24 Cup hdl 44.36 -0.8 43.75 52 450K 603K 42.85
Current.
TSCO 04/03 Rv H&S 44.36 -0.8 38.6 44.38 450K 577K 42.85
Current.
TXN 05/10 Cup hdl 19.6 +0.18 20.45 24.55 11M 16M 18.96
Buy Not Hit.
USAI 03/25 Cup hdl 35.88 +0.86 29.12 33.55 11M 8.3M 32.55
Current.
UTHR 04/30 Cup hdl 18.94 +0.08 18.12 21.75 239K 226K 17.48
Current.
VIVO 05/07 BO 9.27 -0.06 9.38 11.25 28K 45K 8.72
Buy Not Issued.
VRNT 05/05 Cup hdl 19.92 -0.93 22.92 27.55 171K 245K 21.32
Exited. Fell through the 18 day MVA on rising volume so exited.
VRTS 08/19 CCall 25.89 +0.66 19.76 20 7.2M 8.5M 22.05
Current.
VSTA 04/28 Cup hdl 23.99 -0.26 19.98 23.85 374K 156K 22.26
Current.
VTAL 04/23 Cup hdl 16.79 -0.5 14.25 17.12 286K 150K 15
Current.
WMT 02/05 Put 53.76 -0.14 0 0 12M 8.2M 0
XLNX 03/20 Test BO 28.9 +0.75 28.05 34.55 7.7M 14M 26.88
Current.
XMSR 04/07 Test BO 10.07 0 6.95 8.42 5.3M 6.5M 9.35
Current.
YHOO 12/11 Test 50 27.51 +0.42 17.32 25 9.7M 20M 25.65
Current.
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
stock option
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