|
|
stock recommendation, stock option
Begin part 2 of 2
THE PLAYS
Good movers Thursday: AETH; CELG; HAS; MAT; OVRL; OVTI; RMBS; SCSS; SINA; STX; TEVA; TSCM
Thursday Plays:
FLR: Did not participate in the big rally after the strong Wednesday move.
OVRL: Did participate on strong volume.
FLSH: Started up out of the flying plateau.
Best Plays:
1) CRIS: Nice triangle and in the biotech sector.
2) CBST: Nice breakout.
3) Continuing: DCTM is still in the lateral move. TSCM is making a good move. INSP is still trying to make the break. LUV is still trying to get moving.
New Plays:
Upside:
Play Date: 06/05/2003
CBST (Cubist Pharmaceuticals--$12.26; +1.26; optionable): Drugs
http://biz.yahoo.com/p/c/cbst.html
STATUS: Cup w/handle breakout. Thursday CBST was the beneficiary of the rush to drugs and biotechs as it posted a strong price and volume move. It was not just a random move, however. CBST had set up the move with a very nice 6 month cup with handle base sporting solid 6 to 4 accumulation. We are looking to catch onto this move. There may be a test back Friday after such a strong move. On a test of 12 to 11.95 that holds we will look for a rebound to move in. If it continues higher we will take a partial positions and wait for the test to complete the buy.
Volume: 604.07K Avg Volume: 277.863K
BUY POINT: $12.38 Volume=417K Target=$14.85 Stop=$11.51
POSITION: UTU KV - Nov. $12.50c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/cbst.html
Play Date: 06/05/2003
CRIS (Curis--$3.1; +0.47; no options): Biotechnology
http://biz.yahoo.com/p/c/cris.html
STATUS: Ascending Triangle. CRIS blasted from a 4-month flat base in April, consolidated, and then exploded higher to 3.25 in two sessions. It has spent the past 6 weeks forming the current triangle, using the 18 day MVA (2.62) as the support as it makes the series of higher and higher lows below the top of the pattern at 3.25. During the base accumulation is positive at 2 to 1 after a nice foundation was set in the 4-month flat base. We like the triangles that follow breakouts from bigger bases; it is a very good consolidation pattern that often leads to further stronger moves. Money flow is outstanding, and Thursday CRIS was up on the strongest shot of volume since the late April move. Looks ready for the breakout.
Volume: 1.796M Avg Volume: 766.454K
BUY POINT: $3.27 Volume=1.1M Target=$4.25 Stop=$2.98
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/cris.html
Continuing plays that look good:
Play Date: 05/27/2003
JCOM (J2 Global Communications--$35.34; -0.16; optionable): Internet communications
http://biz.yahoo.com/p/j/jcom.html
STATUS: Cup w/handle. Have not given up on JCOM as it has started to show a bit better action as it works through an extended handle that has held the 18 day MVA (33.89) on the lows. Money flow is starting to rise as the stock makes this test lower to shake out the final sellers. It is not perfect action, but we are looking for a higher volume move.
Volume: 475.401K Avg Volume: 753.545K
BUY POINT: Aggressive (a bit riskier): $36.28; Breakout: $38.12 Volume=1M Target=$45.55 Stop=$34.94
POSITION: JQF IG - Sept. $35c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/jcom.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.
AMZN 05/03 BO 35.52 +0.13 30.3 35.45 7.2M 12M 32.45
Current. Lower volume testing of the 10 day MVA. Getting ready for the next move.
BRCM 05/03 Cup hdl 26.66 +0.57 19.2 22.94 16M 15M 22.25
Current. Another move higher after a gap lower.
MSFT 01/11 A Wedge 24.09 -0.78 26.62 30 116M 57M 25.55
This stock and IBM are lagging. MSFT is in real trouble.
CONTINUING/WATCHLIST:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ABTL 05/21 Test BO 6.26 +0.23 5.25 6.94 704K 371K 4.88
Current. Another nice volume move up the 10 day MVA.
ADIC 05/13 DB hdl 10.9 -0.05 9.64 11.65 850K 521K 9.78
Current. Could not carry the move further, showing a doji at 11 on rising volume.
AETH 05/14 Cup hdl 5.37 +0.3 4.45 5.45 491K 244K 4.35
Current. Super move up off the 10 day MVA on stronger volume.
AGEN 05/13 Cup hdl 14.01 +0.79 10.95 13.22 715K 417K 10.97
Current. Nice break higher out of the lateral consolidation over the 10 day MVA.
AMZN 05/03 BO 35.52 +0.13 30.3 35.45 7.2M 12M 32.45
Current. Lower volume testing of the 10 day MVA. Getting ready for the next move.
AVID 05/22 Flat 36.83 +0.06 29.06 34.78 676K 750K 27.15
Buy Not Issued. A loose doji on low volume. Looking for a test of 34 as the next entry point.
AXP 05/24 Test BO 43.5 +0.04 40.75 46.45 6.5M 6M 39.94
Current. Doji on higher volume after a strong move higher. Can mean a test back but it showed the same action Tuesday.
BCE 04/05 Cup 22.52 +0.14 19.9 23.75 315K 550K 21.05
Current. Slowing down on this move, showing a doji Thursday on rising volume. Looks as if it wants to test back toward 22.
BLTI 02/10 Test BO 14.7 +0.05 7.2 13.45 346K 300K 13.25
Current. Another doji as BLTI moves laterally over the 10 day. May do that until the 10 day at 14 rises to meet it.
BMRN 06/05 Cup hdl 13.32 +1.79 13.36 16.15 1.6M 1.1M 12.42
New.
BRCM 05/03 Cup hdl 26.66 +0.57 19.2 22.94 16M 15M 22.25
Current. Another move higher after a gap lower.
C 04/18 Rv H&S 43.5 +0.48 41.25 48.55 15M 23M 39.38
Current. Up on rising, average volume.
CBST 06/05 BO 12.26 +1.26 12.38 14.85 604K 417K 11.51
New.
CELG 05/14 A Wedge 34.39 +2.3 30.98 37.12 3.2M 1.8M 29.88
Current. Super surge in the biotech binge.
CRIS 06/05 A Wedge 3.1 +0.47 3.27 4.25 1.8M 1.1M 2.98
New.
CTL 05/01 Cup hdl 34.6 +0.2 32 38 685K 1.3M 32.45
Current. Still working up the 10 day MVA.
CTXS 03/29 Cup hdl 22.72 +0.04 14.12 17.25 2.3M 5.3M 20.50
Current.
DCLK 04/26 Test BO 10.45 -0.09 9.04 11.35 1.5M 1.9M 9.48
Current. Still working up the 10 day MVA but not a lot of pop right now as it tries to rest from the move at the end of May.
DCTM 06/03 Test BO 21.54 +0.15 21.78 26 425K 1.5M 20.26
Buy Not Hit.
DKS 03/18 DB hdl 28.02 +0.78 23.81 28.42 722K 225K 28.35
Current. Tested below the 50 day MVA and then rallied back on volume. That is the action you want to see on such a test.
DKS 02/19 DB hdl 28.02 +0.78 22.75 27.35 722K 225K 28.35
Current.
DRIV 05/08 Test BO 19.16 -0.26 17.62 20.95 697K 1.4M 17.96
Current.
EBAY 12/12 Test 18 101.09 -1.56 69.45 92 6.7M 12M 96
Current. Tapped the 10 day MVA on the low and recouped half the losses.
EBAY 10/15 Test 50 101.09 -1.56 62.45 92 6.7M 12M 94.92
Current.
ED 05/31 Cup hdl 42.8 -0.8 44.36 47.25 1.1M 1.4M 42
Buy Not Hit.
FDRY 04/29 Cup hdl 14.87 -1.02 10.9 13.15 12M 4.4M 13.75
Current. Thudded down to the 10 day MVA on huge volume.
FLR 06/04 Cup 36.16 -0.32 36.96 44 566K 1M 34.45
Buy Not Hit.
FLSH 05/22 Test BO 11.65 +0.34 10.55 12.75 168K 195K 10.15
Current. Up off the 10 day MVA consolidation on rising though below average volume.
FLSH 05/12 Rv H&S 11.65 +0.34 9.2 10.96 168K 195K 10.15
Current.
GNTA 05/29 Test BO 12.1 +0.7 11.62 14 1.3M 904K 10.74
Current. Nice jump off the 10 day MVA. Ah the magic of biotech.
GRMN 11/06 Cup hdl 49.96 +0.84 22.34 37.45 960K 198K 44.44
Current. Tried to rally after being mentioned on CNBC in the morning.
GSPN 05/24 Test BO 8.99 -0.01 7.42 10 2.8M 2.8M 7.15
Current. Took a breather on some lower volume. Still in the strong uptrend.
HAS 04/12 Test BO 16.85 +0.45 14.88 17.88 1.2M 1.2M 15.55
Current. Nice volume move as HAS breaks higher out of the 1.5 month consolidation.
HAS 03/31 Test BO 16.85 +0.45 14.65 17 1.2M 1.2M 15.35
Current.
HYSL 06/04 Cup hdl 34.71 +0.2 33.05 39.66 680K 1.1M 30.74
Current. Edged a bit higher after the big Wednesday breakout from the 4.5 month base.
IBM 01/11 Cup hdl 81.9 -2.35 0 0 15M 14M 0
Falling hard below the 50 day MVA. This is one reason the Dow cannot get on track.
IDPH 06/05 Rv H&S 40.94 +2.38 41.28 46.38 8.5M 6M 38.39
New.
IGEN 01/11 A Wedge 35.5 +0.34 0 0 142K 375K 36
ILXO 04/15 Cup hdl 16.35 +0.36 11.6 15.32 193K 293K 15.3
Current.
INSP 05/31 Test BO 14.75 +0.15 14.96 18 368K 500K 13.91
Buy Not Issued. Continues to flirt with a breakout but just cannot
hold it to the close, something we are looking for
given its action.
JCOM 05/27 Cup hdl 35.34 -0.16 38.12 45.55 475K 1M 34.94
Current.
JNPR 05/22 Flat 14.45 +0.06 12.9 15.55 17M 17M 12.72
Current. Took a breather after a good move off the 10 day MVA.
JNPR 04/15 Flat 14.45 +0.06 10.6 13.42 17M 17M 12.72
Current.
KLAC 01/11 Test BO 49.36 +0.25 0 0 13M 0 0
LUV 05/27 Test 50 16.2 -0.15 16.45 20.45 2.4M 3.6M 15.35
Buy Not Hit.
MAT 05/20 Put 21.28 -0.43 21.3 19.45 2.4M 2.5M 21.95
Current. Started down on rising volume in an up market. Bounced off 21, however, the level it needs to crack.
MDCO 05/10 Test 18 24.68 +0.66 21.25 25.48 600K 825K 21.65
Current. Super move higher. Drugs. Figures.
MME 04/30 BO 48.53 +1.02 45.65 54.45 497K 634K 45.88
Current.
MSFT 01/11 A Wedge 24.09 -0.78 26.62 30 116M 57M 25.55
This stock and IBM are lagging. MSFT is in real trouble.
MVSN 05/31 Rv H&S 20.22 +0.71 19.6 23.55 1.1M 1M 18.23
Current. Nice move up with two consecutive solid volume sessions.
NTES 04/01 Cup 34.02 +0.28 17 27 1.8M 1M 29
Current.
NVDA 05/08 Test BO 26.57 +0.74 22.62 27 10M 11M 23.15
Current. Still working back up after the Monday drop, but volume is falling as it moves up to the high at 26.85.
OVRL 06/04 Cup 19.01 +0.86 18.85 22.94 226K 150K 17.53
Current. Nice back to back volume move.
OVTI 02/24 Cup hdl 35 +3.17 19.05 31 2.1M 1.2M 31.05
Current. Good save off the 18 day MVA. Now we will see if it can hold.
QLGC 05/17 Test BO 51 +0.58 46.78 54 5.1M 8M 46.25
QLGC 03/15 Test BO 51 +0.58 38.85 45 5.1M 11M 46.25
Current. Another 10 day MVA test and recovery.
QLGC 11/07 Test BO 51 +0.58 41.4 50 5.1M 25M 46.25
QLGC 08/17 CCall 51 +0.58 36.48 0 5.1M 12M 46.25
Current.
RCII 01/11 Test BO 71.41 +1.04 0 0 385K 0 63.75
RGEN 04/07 Test 18 6.11 -0.01 4.84 7.1 276K 132K 5.96
Current. Gapped higher to 6.50 and then turned right back down to the 18 day MVA. That is it. If it does not bounce Friday we exit.
RMBS 04/09 A Wedge 19.3 +1.35 17.55 21.45 3.4M 6.8M 15.94
Current. Nice gap and run higher on volume.
RRC 06/02 Flat 6.54 +0.04 6.5 8.06 233K 200K 6.12
Current. Held steady.
SCSS 04/26 Cup hdl 16.95 +0.95 12.22 16 492K 696K 14.75
Current. Solid move higher as volume moved back up to average.
SHRP 05/23 Cup hdl 24.8 +1.35 22.06 26.55 378K 350K 20.52
Buy Not Issued.
SIGM 05/06 Cup hdl 12.4 +1.1 7.58 9.55 652K 125K 9
SINA 05/22 Cup hdl 18 +1.04 14.75 17.75 5.1M 2.5M 13.96
Target Hit. Hit the target on volume. Took some gain and let some run.
SINA 04/12 Cup hdl 18 +1.04 9.35 13.45 5.1M 2.5M 13.96
Current.
SOHU 03/20 Dbl btm 30.09 +0.24 10.55 21.45 3M 800K 24.75
Current. Not much in the move after a good volume bounce up off the 10 day.
STX 05/24 Test BO 15.97 +1 13.95 16.75 2.3M 2.9M 13.55
Current. Nice surge. Good volume all week.
TEK 05/20 Cup hdl 21.7 +0.25 20.44 24.45 401K 500K 20.22
Current. Still working higher over the 10 day MVA on above average volume.
TEVA 01/11 A Wedge 52 +2.19 0 0 2.8M 5M 0
TSCM 06/03 Test BO 5.43 +0.3 5.32 6.55 305K 225K 4.95
Buy Not Issued. Was choppy all day & then a very late surge carried
it to the sesion highs. That was good enough to enter
and it is still a buy here.
TSCO 06/03 Rv H&S 49.35 +0.47 46.85 55.25 403K 603K 44
Current. Tried for the big move but gave it back.
TSCO 04/24 Cup hdl 49.35 +0.47 43.75 52 403K 603K 42.85
Current.
TSCO 04/03 Rv H&S 49.35 +0.47 38.6 44.38 403K 577K 42.85
Current.
TXN 05/28 Cup hdl 20.84 -0.26 20.85 24.75 12M 16M 19.39
Current.
UNT 05/28 Cup hdl 22.36 +0.19 22.25 26.75 90K 366K 20.84
Buy Not Issued.
UNTD 05/29 Flat 25.11 -0.6 23.45 28 2.6M 2M 20.94
Current. Took a breather after that strong Wednesday move.
USAI 03/25 Cup hdl 38.51 +0.19 29.12 33.55 7.8M 8.3M 35.25
Current. Still working up the 10 day MVA.
UTHR 04/30 Cup hdl 21.7 +0.83 18.12 21.75 228K 226K 20.05
Target Hit. Took some gain but surging up off the 10 day MVA.
VRTS 08/19 CCall 28.67 +0.21 19.76 20 9.5M 8.5M 24.92
Current.
WMT 02/05 Put 54.62 +0.76 0 0 11M 8.2M 0
WWCA 05/22 BO 11.2 -0.4 9.68 13 5.7M 824K 9.45
XMSR 04/07 Test BO 12.63 -0.37 6.95 8.42 6.3M 6.5M 11.25
Current. Nice lower volume test. May need to come back a bit more, but getting ready for the next move.
YHOO 12/11 Test 50 29.39 -0.2 17.32 25 9.6M 20M 27.55
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.
|
stock recommendation
stock option
|
