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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS
Good movers Thursday: BCR; BLTI; EPIC; EXTR; FLSH; LEXR; MED; ONXX; TWTC
NEW PLAYS:
Upside:
Play Date: 05/22/2003
LGTO (Legato Systems--$6.91; +0.83; optionable): Application software
http://biz.yahoo.com/p/l/lgto.html
STATUS: Ascending triangle breakout. LGTO has been working through a 6-month base showing solid 8 to 3 accumulation (8 up weeks on rising volume to 3 down weeks on rising volume). After a shakeout on lower volume early in the week LGTO shot higher Thursday on outstanding volume. Relative strength is ready to breakout as well as the software stocks have formed up and are starting to make breaks higher.
Volume: 4.644M Avg Volume: 1.793M
BUY POINT: $7.02 Volume=2M Target=$8.75 Stop=$6.53
POSITION: EQN IA - Sept. $7.50c (51 delta) &/or Stock
http://www.investmenthouse.com/ct/lgto.html
CONTINUING PLAYS:
Play Date: 05/03/2003
HIL (Dot Hill Systems--$9; +0.12; no options): PC data storage devices
http://biz.yahoo.com/p/h/hil.html
STATUS: Testing the breakout. Still in the nice lateral test of the 10 day MVA. Thursday it started to move higher but the volume was not there. We are simply waiting for the volume to come in.
Volume: 198.1K Avg Volume: 250.227K
BUY POINT: New: $9.05 (orig. $7.45) Volume=250K Target=$8.96 Stop=$7.96
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/hil.html
Play Date: 04/01/2003
JPM (JP Morgan--$30.49; -0.06; optionable): Big bank
http://biz.yahoo.com/p/j/jpm.html
STATUS: Testing the breakout. After a nice breakout from its cup base and run higher, JPM has moved laterally over 30 (and the 10 and 18 day MVA) the past three weeks. Volume has been predominantly below average. The pattern has tightened up over the 18 day MVA, and with money flow still moving higher, we are looking for an upside breakout from JPM in order to add to positions.
Volume: 8.652M Avg Volume: 10.033M
BUY POINT: New: $31.32 (orig. $24.96) Volume=1.2M Target=$34.88 (orig. $28.55) Stop=$29.65
POSITION: JPM IF - $30c (58 delta) &/or Stock
http://www.investmenthouse.com/ct/jpm.html
Play Date: 03/31/2003
UCOMA (United Globalcom--$4.55; +0.42; no options): Cable TV
http://biz.yahoo.com/p/u/ucoma.html
STATUS: Testing the breakout. UCOMA broke out of a 4-month base in April and ran up to 5. It has spent the past week pulling back on lower volume, held the 18 day MVA (4.21) and Thursday rebounded sharply on strong, above average volume. Money flow is leading well ahead of the stock price, and it looks as if this is another leg up starting for UCOMA.
Volume: 1.472M Avg Volume: 971.909K
BUY POINT: New: $4.66 (orig. $3.35) Volume=875K Target=$6 (orig. $4.48) Stop=$4.21
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/ucoma.html
WATCHLIST/ CONTINUING:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACL 05/20 Put 42 +0.55 41.48 38.75 311K 400K 42.55
Buy Not Issued.
ADPT 05/19 Test 18 7.22 +0.04 7.65 9.21 750K 825K 7.11
Buy Not Hit.
ADVP 05/20 Cup hdl 33 +0.11 32.85 39.22 1.9M 2M 31.48
Current.
AETH 05/14 Cup hdl 4.37 -0.01 4.45 5.45 258K 244K 4.21
Current.
ALT 05/07 Cup hdl 5.01 -0.04 4.4 5.45 254K 188K 4.15
Current.
AOS 05/17 Test BO 30.66 +0.05 31.65 37.65 30K 136K 30.25
Buy Not Hit.
APC 05/21 Cup hdl 48.76 -0.41 49.32 56.88 3M 3M 47.25
Buy Not Issued. Gapped higher but could not hold the move. Letting
it test back some more after the big Greenspan run
higher Wednesday.
APOL 04/12 A Wedge 53.29 -0.83 52.75 59 2.2M 2.7M 54.96
Current.
APOL 02/18 A Wedge 53.29 -0.83 46.25 52.88 2.2M 22M 54.96
Current.
AVE 05/19 Put 52.08 +0.19 50.96 48 200K 375K 52.25
Buy Not Hit.
BCR 05/10 A Wedge 69.04 +1.88 64.4 73.75 724K 477K 64.92
Current.
BLTI 02/10 Test BO 12.7 +0.69 7.2 13.45 549K 300K 11.78
Current.
BPOP 05/22 Test BO 37.92 +0.33 37.95 44 272K 200K 37.44
Current.
BPOP 04/03 Cup hdl 37.92 +0.33 35.25 40.45 272K 200K 37.57
Current. Nice above average volume move off the 18 day MVA.
CAH 04/09 Put 57.01 +0.11 55.96 52 2M 3.5M 54.74
Current.
CCU 05/17 Cup hdl 39.85 +0.92 41.26 47.45 3.8M 6.9M 39.25
Buy Not Hit.
CVH 03/31 BO 42.53 +0.43 40.25 47.25 712K 815K 38.65
Current.
CY 05/17 Test 18 9.88 +0.48 10.06 12.12 2.8M 2.3M 9.36
Buy Not Hit.
CY 03/04 Cup hdl 9.88 +0.48 6.7 8.65 2.8M 2.3M 9.48
Current.
ELAB 03/06 Cup hdl 29.1 -1.28 24.06 28.88 577K 325K 30.38
Current.
EPIC 05/08 FlyPlat 3.44 +0.27 3.15 4 185K 145K 2.94
Current.
EXTR 05/17 Test BO 5.48 +0.37 5.45 7.42 5.2M 4.5M 5.07
Current. Excellent volume on the gap up off the 200 day MVA.
FDX 03/24 Cup hdl 60.17 +0.27 57.85 66 1.6M 2.2M 60.71
Current.
FFIV 05/21 Test 18 15.9 +0.18 15.62 18.55 366K 750K 15.23
Current.
FFIV 04/23 A Wedge 15.9 +0.18 15.34 18.32 366K 750K 15.23
Current.
FLIR 05/08 PreSplt 52.3 +0.33 51.7 58.75 257K 401K 51.25
Current.
FLSH 05/22 Test BO 10.74 +0.44 10.55 12.75 403K 195K 9.69
Current. Continued the excellent rebound from the breakout test.
FLSH 05/12 Rv H&S 10.74 +0.44 9.2 10.96 403K 195K 9.69
Current.
GPRO 04/05 Dbl btm 38.04 +1.51 26.5 30.75 469K 521K 34.05
Current.
GRMN 11/06 Cup hdl 45.6 +0.62 22.34 37.45 736K 198K 44.44
Current.
HIL 05/22 Test BO 9 +0.12 9.09 11.05 198K 250K 8.22
New.
HIL 05/03 BO 9 +0.12 7.45 8.96 198K 250K 7.96
Current. Started up off the 10 day MVA. Volume was not quite
there. Want some more.
HTCH 05/14 A Wedge 27.52 +0.39 27.78 33.35 540K 802K 25.84
Buy Not Issued.
HYSL 05/06 Cup hdl 29.79 +0.37 31.15 37.35 444K 1M 29.88
Current.
IDBE 04/16 Rv H&S 10.31 +0.31 8.17 11 267K 376K 9
Current.
JPM 04/01 Test BO 30.49 -0.06 24.96 28.55 8.7M 1.2M 29.65
Current.
KOSP 05/13 Test BO 22.5 +0.3 22.94 27.48 182K 400K 21.33
Buy Not Issued.
LEXR 05/22 Cup hdl 6.32 +0.25 6.22 7.55 2.8M 1.2M 5.78
Current.
LEXR 04/30 FlyPlat 6.32 +0.25 5.06 7 2.8M 1.2M 5.78
Current.
LGTO 05/22 A Wedge 6.91 +0.83 7.02 8.75 4.6M 2M 6.53
New.
LU 05/14 Cup hdl 2.55 +0.09 2.37 3.05 55M 60M 2.17
Current.
MED 05/22 Test BO 10.64 +1.18 10.62 12.78 378K 145K 9.12
Current. Strong break higher from the lateral breakout test.
MED 04/28 Cup hdl 10.64 +1.18 8.7 10.42 378K 145K 9.12
Current.
MERQ 05/12 Cup hdl 36.25 +0.69 37.68 44.25 2.1M 6.8M 35.04
Buy Not Issued.
MOBE 04/24 Cup 1.9 +0.12 1.88 2.38 372K 110K 1.75
Current.
MVL 03/03 BO 19.98 -0.26 11.82 21 908K 675K 18.55
Current.
NBIX 05/03 Cup 48.51 +0.45 48.2 54.25 427K 600K 46.74
Current.
NCN 05/21 Cup hdl 8.03 -0.16 8.28 10 681K 254K 7.88
New.
NENG 05/05 Cup hdl 2.2 +0.04 2.08 3.44 218K 232K 1.98
Current.
NSCN 04/23 Cup hdl 22.02 +0.41 21.17 25.42 995K 2.5M 20.94
Current.
NSM 04/18 Cup hdl 22.19 -0.88 19.55 24.88 5.5M 3.8M 22.25
Current.
NTN 05/07 Test BO 1.89 +0.01 1.95 2.75 65K 183K 1.81
Current.
NVDA 05/08 Cup hdl 20.98 +0.07 17.55 23.55 7.4M 11M 18.75
Buy Not Issued.
NWK 04/28 DB hdl 7.56 +0.04 7.11 9.45 145K 256K 7.31
Current.
ONXX 05/19 Rv H&S 10.58 +1.42 10.55 12.25 832K 300K 8.99
Current.
PKI 03/04 Test BO 11.8 +0.37 9.16 13.55 818K 1M 11
Current.
PRX 05/19 Put 40.5 +1.51 37.85 34.52 916K 700K 39.75
Current.
PWN 05/07 BO 11.48 +0.12 11.66 13.94 66K 117K 11.03
Current.
QLGC 05/17 Test BO 45.13 +0.26 46.78 54 4M 8M 44.65
Buy Not Hit.
QLGC 03/15 Test BO 45.13 +0.26 38.85 45 4M 11M 44.24
Current.
QLGC 11/07 Test BO 45.13 +0.26 41.4 50 4M 25M 44.24
RMD 05/03 Test BO 37.2 +0.76 37.75 43.75 243K 322K 35.92
Buy Not Issued.
ROOM 04/26 Cup 85.35 +3.85 68.75 94 927K 1.7M 80.55
SLAB 05/17 Put 26.6 +0.25 26.05 23.55 928K 1.1M 28.05
Current.
SNPS 05/21 Cup hdl 58.92 +8.02 52.72 60.75 16M 1.6M 50.05
Buy Not Issued. Exploded on a gap higher and never came back as we
wanted. We wanted the cake and to eat it too, but we
hate to chase the bus.
SSYS 03/01 Cup hdl 26.47 +1.72 12.25 15.45 876K 110K 26.22
Current.
STK 04/28 Cup hdl 25.29 +0.28 26.55 31 514K 1M 25
Buy Not Issued.
TWTC 05/13 A Wedge 5.81 +0.26 4.08 5.85 572K 522K 4.85
Target Hit. Nice surge higher and took some of the big chunk of
gain it has given us.
UCOMA 03/31 Cup hdl 4.55 +0.42 3.35 4.48 1.5M 875K 4.21
Current.
WFII 04/30 Cup 9.82 -0.1 7.55 9 594K 261K 8.44
Current.
YHOO 12/11 Test 50 26.89 +0.71 17.32 25 8.5M 20M 25.92
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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