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Begin part 2 of 2
Continuing plays that look good:
Play Date: 05/22/2003
FLSH (M-Systems Flash Disk--$11.31; +0.19; no options): Memory chips
http://biz.yahoo.com/p/f/flsh.html
STATUS: Testing the 10 day MVA. FLSH broke out in May and made one 10 day MVA test 2 weeks later. It shot higher and is now making its second such test, moving laterally the past 5 sessions on lower volume. The 10 day MVA (10.88) is rising to meet it; when it does that typically touches off the next bounce higher. We are looking for that to take some new positions.
Volume: 162.682K Avg Volume: 183.727K
BUY POINT: New: $11.48 (orig. $10.55) Volume=225K Target=13.75 (orig. $12.75) Stop=$10.15
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/flsh.html
SEMINARS ON CD
http://www.stockseminarsonline.com
This is Jon Johnson's own site devoted exclusively to seminars designed to teach you what you need to know about the stock market and stock movement and how to take advantage of those moves without incurring the usual high costs of travel and related expenses usually associated with seminars.
CONTINUING PLAY LIST:
Still look ready: INSP; BIO; STX; UCOMA
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ABTL 05/21 Test BO 6.03 +0.03 5.25 6.94 454K 371K 4.88
Current. Showing a doji closing off the intraday high. After the long move up it may be ready to make a pullback in the continuing uptrend.
ADIC 05/13 DB hdl 10.95 +0.41 9.64 11.65 596K 521K 9.78
Current. After the lateral consolidation, a nice move higher.
ADPT 05/19 Test 18 8.41 +0.35 7.88 9.48 1.1M 825K 7.33
Current. Nice volume move up off the 10 day MVA as ADPT continues its uptrend with a relative strength breakout.
ADVP 05/20 Cup hdl 33.45 +0.06 32.85 39.22 1.5M 2M 31.92
Current.
AETH 05/14 Cup hdl 5.07 +0.02 4.45 5.45 458K 244K 4.35
Current. Lateral move at 5 as the 10 day MVA rises to meet it. Not bad.
AGEN 05/13 Cup hdl 13.22 +0.02 10.95 13.22 1M 417K 10.97
Current. Testing the move some after a strong break higher Monday.
AMCC 05/31 Cup hdl 5.64 +0.2 5.45 7.15 4.6M 4.5M 4.92
Current. Nice move higher on lower though still above average volume.
AMT 04/30 Test 50 8.95 +0.21 6.84 8.35 1.7M 2.1M 8.04
Current.
AOS 05/17 Test BO 32.31 +0.66 32.06 37.65 69K 136K 30.88
Buy Not Issued. Volume edging up as AOS starts a much better move.
APOL 05/27 Test 50 60 +1.24 55.07 62 2.1M 2.7M 54.35
Current. Another nice, leadership style move on rising, average volume.
BCR 05/10 A Wedge 71.33 +1.53 64.4 73.75 378K 477K 66.25
Current. Nice move off the test though no volume.
BGEN 05/24 Rv H&S 45.99 +2.22 42.35 49.55 5M 4.5M 39.39
Current. Super move on above average volume.
BIO 06/03 FlyPlat 59.08 +0.58 60.12 70 63K 226K 57
Buy Not Hit. Looks ready.
BLTI 02/10 Test BO 14.65 +0.34 7.2 13.45 378K 300K 13.25
Current. Struggling at 15, but still in good shape. Needs to hold
BRCM 05/03 Cup hdl 26.09 +1.54 19.2 22.94 22M 15M 22.25
Current. Super blast higher on volume.
CELG 05/14 A Wedge 32.09 +0.17 30.98 37.12 2.6M 1.8M 29.88
Current.
CHIR 05/31 Test BO 45.95 +1.15 45.33 54 2.7M 2M 42.65
Current. Super move on volume.
CLRS 06/04 Test BO 6.13 +0.09 6.28 7.55 100K 92K 5.84
New.
CMVT 05/24 Test BO 15.97 +0.79 13.75 16.55 8.5M 4.4M 13.42
Current. Gapped higher, held it, but showing a hanging man doji.
CTXS 03/29 Cup hdl 22.68 +0.57 14.12 17.25 2.8M 5.3M 19.98
Current. Rose again in its uptrend over the 10 day but volume continues to decline.
CZN 04/24 Cup hdl 12.91 +0.34 11.34 13.57 1.9M 156K 11.78
Current. Surging on above average volume as it moves off the 10 day MVA.
DANKY 06/02 Cup hdl 4.35 -0.29 4.95 6.25 1.1M 1M 4.59
Buy Not Hit. Not the action we were looking for, but held the 18 day MVA on the low and rebounded on volume, so it is still in the pattern.
DCTM 06/03 Test BO 21.39 +0.39 21.78 26 1M 1.5M 20.26
Buy Not Hit. Still in the solid lateral move.
DKS 03/18 DB hdl 27.24 -0.51 23.81 28.42 404K 225K 28.35
Current. Testing the 50 day MVA on the close as volume rose. Giving it a chance to bounce here as it has been a strong mover with good support.
DKS 02/19 DB hdl 27.24 -0.51 22.75 27.35 404K 225K 28.35
Current.
DRIV 05/08 Test BO 19.42 -0.58 17.62 20.95 2.1M 1.4M 17.96
Current. Hard time getting over 20, falling back on strong volume. Considering just taking the $ off the table here.
DVA 05/17 Cup hdl 25.13 +0.34 25.11 30 406K 573K 23.97
Current.
FDRY 04/29 Cup hdl 15.89 +0.19 10.9 13.15 3.2M 4.4M 13.75
Current. Still working in the 45 degree uptrend over the 10 day MVA. Getting late in the run up the short term MVA.
FDX 03/24 Cup hdl 64.23 +1.24 57.85 66 2.6M 2.2M 61.45
Current. Nice move up off the 18 day MVA on continued above average volume.
FLR 06/04 Cup 36.48 +1.7 36.96 44 800K 1M 34.45
New.
FLSH 05/22 Test BO 11.31 +0.19 10.55 12.75 163K 195K 10.15
Current.
FLSH 05/12 Rv H&S 11.31 +0.19 9.2 10.96 163K 195K 10.15
Current.
GNTA 05/29 Test BO 11.4 +0.44 11.62 14 1.7M 904K 10.74
Current. Holding up in the pattern quite well.
GPRO 04/05 Dbl btm 37.23 -0.85 26.5 30.75 760K 521K 35.35
Current. Testing the 18 day MVA on the low in a volatile session as volume rose. A bit choppy and need to be careful here.
HPOL 06/04 Cup hdl 5.48 +0.48 5.62 6.75 1.7M 541K 5.23
New.
HTCH 05/14 A Wedge 32.84 +1.56 29 33.35 1.5M 802K 29.50
Current. Beautiful run higher.
IDBE 04/16 Rv H&S 11.09 +0.32 8.17 11 225K 376K 9.68
Current. Up off the 10 day MVA but not a strong move.
IDC 05/29 BO 16.55 +0.26 16.55 19.88 191K 122K 15.78
Current.
INSP 05/31 Test BO 14.6 +0.36 14.96 18 675K 500K 13.91
Buy Not Issued.
JCOM 05/27 Cup hdl 35.5 +1.91 38.12 45.55 969K 1M 34.94
Current. Up off the 18 day MVA on strong, above average volume. We were waiting to see if it could bounce and we will let it run if it will.
JNPR 05/22 Flat 14.39 +0.52 12.9 15.55 17M 17M 12.72
Current. Still working higher over the 10 day MVA.
JNPR 04/15 Flat 14.39 +0.52 10.6 13.42 17M 17M 12.72
Current.
KOSP 05/13 Test BO 22 +0.85 23.25 27.48 413K 400K 21.88
Buy Not Issued.
LGTO 05/22 A Wedge 7.9 +0.4 7.06 8.75 1.9M 2M 6.75
Current. Nice rising volume move.
LM 05/06 Cup hdl 65 +1.02 58.5 67.78 428K 610K 61.65
Current. Back up after some selling Tuesday; consolidating the move.
LXK 05/20 Test 50 74.49 +1.14 71.4 79.55 1M 1.8M 71.45
Current.
MAT 05/20 Put 21.71 +0.31 21.3 19.45 1.7M 2.5M 21.95
Current. Up to the 50 day MVA. Needs to fail or we just bag it.
MDCO 05/10 Test 18 24.02 +0.22 21.25 25.48 560K 825K 21.65
Current. Still in the solid uptrend over the 10 day MVA and letting it move.
MED 05/22 Test BO 13.99 +0.99 10.62 12.78 222K 145K 11.75
Current. Super volume break higher as MED continues its stellar run.
MED 04/28 Cup hdl 13.99 +0.99 8.7 10.42 222K 145K 10.85
Current.
MER 04/28 Cup hdl 45.65 +1.25 43.32 49.55 6M 7.5M 42.55
Current. Super break higher, clearing the December high.
MME 04/30 BO 47.51 +0.57 45.65 54.45 476K 634K 45.88
Current.
MRGE 04/24 Rv H&S 9.65 +0.29 8.06 10.45 118K 65K 9.88
Current. Wild action, testing the 50 day MVA on the low and rebounding to the 18 day MVA.
MUSE 05/03 Test 18 9.25 +0.42 7.75 9.35 1.9M 2M 8.24
Current. Up off the 10 day MVA but not much volume yet.
NCN 05/21 Cup hdl 8.94 +0.05 8.65 10.48 612K 254K 8.12
Current. Doji after a strong move higher.
NENG 05/05 Cup hdl 2.76 +0.22 2.08 3.44 364K 232K 2.29
Current. Strong move up off the 10 day MVA.
NSCN 04/23 Cup hdl 22.66 -0.14 21.17 25.42 1.5M 2.5M 21.45
Current. Still trying to get over 23.
NSM 04/18 Cup hdl 24.68 +1.1 19.55 24.88 3.5M 3.8M 22.75
Current. Up on continued volume.
NTES 04/01 Cup 33.74 +0.83 17 27 3.1M 1M 29
Current. Stronger volume but could not make a lot of headway after that strong surge Tuesday.
NVDA 05/08 Test BO 25.83 +0.6 22.62 27 9.8M 11M 23.15
Current. Moving back up again after the Monday tank.
NVLS 05/06 Flat 37.57 +1.99 30.28 36 17M 11M 31.94
Target Hit. Tremendous surge and took some excellent option gain
and let the rest ride.
OVTI 02/24 Cup hdl 31.83 -0.75 19.05 31 3M 1.2M 31.05
Current. Held the 18 day MVA with a doji on high volume. Will see if that produces another bounce as it did last time.
PKI 03/04 Test BO 13.47 +0.69 9.16 13.55 469K 1M 11.75
Current. Super price move though not a lot of volume.
PWN 05/07 BO 12.75 -0.07 11.66 13.94 138K 117K 11.55
Current. Took the day off on lower volume.
QLGC 05/17 Test BO 50.42 +0.62 46.78 54 4.9M 8M 46.25
QLGC 03/15 Test BO 50.42 +0.62 38.85 45 4.9M 11M 46.25
Current. Up again but volume was lower again.
QLGC 11/07 Test BO 50.42 +0.62 41.4 50 4.9M 25M 46.25
QLGC 08/17 CCall 50.42 +0.62 36.48 0 4.9M 12M 46.25
Current.
RGEN 04/07 Test 18 6.12 +0.06 4.84 7.1 151K 132K 5.96
Current. Holding the 18 day MVA but on very low volume. It needs to bounce here on some volume or we close it. The pattern is getting toppy.
RHAT 05/27 Test 18 7.91 +0.66 7.94 9.55 3.1M 1.4M 7.25
Current. Super move on volume.
RMBS 04/09 A Wedge 17.95 +0.4 17.55 21.45 953K 6.8M 15.94
Current.
RMD 05/03 Test BO 40.38 +0.39 37.75 43.75 146K 322K 38
SCSS 04/26 Cup hdl 16 +0.09 12.22 16 149K 696K 14.75
Current. Very tight, lateral move over the 10 day MVA. Should be ready for its next leg up soon.
SEPR 04/12 Test BO 23.98 +0.67 17.1 21 1.3M 1.8M 20.94
Current. Still moving up the 10 day MVA.
SGMS 05/29 Test BO 7.4 +0.03 8.08 9.95 905K 571K 7.51
Buy Not Hit.
SHRP 05/23 Cup hdl 23.45 +0.21 22.06 26.55 85K 350K 20.52
Buy Not Issued.
SIGM 05/06 Cup hdl 11.3 +0.21 7.58 9.55 862K 125K 9
SINA 05/22 Cup hdl 16.96 +1.1 14.75 17.75 5M 2.5M 13.96
Current. Another strong volume move after the 10 day MVA test.
SINA 04/12 Cup hdl 16.96 +1.1 9.35 13.45 5M 2.5M 13.96
Current.
SRNA 05/28 Rv H&S 19.99 +0.04 20.42 24.45 1.2M 700K 18.99
Current.
STX 05/24 Test BO 14.97 +0.11 13.95 16.75 2.2M 2.9M 13.55
Current. Testing the 10 day MVA with a doji.
TALK 06/03 Rv H&S 10.23 +0.61 10.08 12.12 581K 405K 9.28
Current.
TSCO 06/03 Rv H&S 48.88 +1.62 46.85 55.25 424K 603K 44
Current. Another super move higher.
TSCO 04/24 Cup hdl 48.88 +1.62 43.75 52 424K 603K 42.85
Current.
TXN 05/28 Cup hdl 21.1 +0.48 20.85 24.75 12M 16M 19.39
Current. Nice volume move higher.
UCOMA 03/31 Cup hdl 5 +0.26 3.35 4.48 1.2M 875K 4.35
Current. Nice volume break higher out of the lateral consolidation.
UTHR 04/30 Cup hdl 20.87 +0.28 18.12 21.75 164K 226K 19
Current. Nice move but not much volume.
VRTS 08/19 CCall 28.45 +0.65 19.76 20 8.7M 8.5M 24.92
Current. Still moving up. Looking to buy back the calls, but it is not giving us much chance to do so.
WPI 05/05 Flat 38.28 +0.38 31.62 38 823K 1.9M 35.75
Current.
WWCA 05/22 BO 11.6 +0.75 9.68 13 1.1M 824K 9.45
XING 06/02 Test BO 5.11 -0.15 5.44 7.95 166K 230K 5.06
Buy Not Issued.
XLNX 05/27 Test 50 30.01 +0.47 30.22 35.55 10M 16M 28.12
Current. Was moving well, but its in line guidance after hours had it down a point.
ZMH 05/24 Put 42.65 -1.25 44.95 42 5.8M 2.4M 46.25
Current. Tanking on 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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