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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS
Good movers Thursday: A few more. ADVP; AETH; AMCC; BGEN; BIO; EXTR; HPOL; ICOS; LGTO; MED; NBIX; NTN; ONXX; OVRL; RHAT; TWTC; UCOMA
NEW PLAYS:
Play Date: 06/05/2003
BMRN (Biomarin Pharmaceuticals--$13.32; +1.79; optionable): Drugs
http://biz.yahoo.com/p/b/bmrn.html
STATUS: Cup w/handle breakout. Thursday BMRN benefited from the drug and biotech buying, making the breakout from its 17-month cup with handle base. The long base shows solid 18 to 6 accumulation. The 2-month handle formed along the 50 day MVA (11.33), and it showed solid accumulation as well (3 to 1). The breakout was solid, and BMRN is still a buy at this point. After such a strong breakout it may test back early, and on a resumption of the move that would be a good entry point.
Volume: 1.594M Avg Volume: 758.5K
BUY POINT: $13.36 Volume=1.1M Target=$16.15 Stop=$12.42
POSITION: NUR JV - Oct. $12.50c (64 delta) &/or Stock
http://www.investmenthouse.com/ct/bmrn.html
Play Date: 06/05/2003
IDPH (Idec Pharmeceuticals--$40.94; +2.38; optionable): Biotechnology
http://biz.yahoo.com/p/i/idph.html
STATUS: Reverse head & shoulders. IDPH is moving higher after a breakout and test of its 6-month base. Accumulation in the base was solid at 7 up weeks on rising volume to 4 down weeks on rising volume. The breakout was on strong volume, the test on lower volume, and Thursday the move back up was on strong volume. This is exactly the price/volume action you want to see in a breakout. Thursday it was no doubt the beneficiary of the general love affair with biotechs, but we like that it can rally to the November high and hit our target. In other words, it does not have to break any new ground to give us our gain.
Volume: 8.49M Avg Volume: 3.982M
BUY POINT: $41.28 Volume=6M Target=$46.38 Stop=$38.39
POSITION: IDK JH - Oct. $40c (60 delta) &/or Stock
http://www.investmenthouse.com/ct/idph.html
CONTINUING PLAYS:
Play Date: 06/02/2003
STEL (Stellent--$5.44; 0; optionable): Internet software and services
http://biz.yahoo.com/p/s/stel.html
STATUS: Cup w/handle. STEL continues in the handle of its 4.5 month base sporting excellent 6 to 2 accumulation. It has pulled back to test the 10 day MVA the past two sessions, showing a tight doji as it does. Money flow is excellent. Looking for a strong breakout.
Volume: 198.5K Avg Volume: 158.636K
BUY POINT: $5.85 Volume=222K Target=$8 Stop=$5.44
POSITION: URU HA - Aug. $5c (76 delta) &/or Stock
http://www.investmenthouse.com/ct/stel.html
Play Date: 06/02/2003
XING (Qiao Zing Telephone--$5.13; +0.02; no options): Chinese residential telephones
http://biz.yahoo.com/p/x/xing.html
STATUS: Testing the breakout. Showing a hammer doji right on top of the 10 day MVA, tapping that support on the low (5.01) as volume was lower and below average. Money flow remains strong as it continues the test of the breakout from the 5.5 month base sporting excellent 6 to 1 accumulation.
Volume: 125.863K Avg Volume: 170.5K
BUY POINT: $5.44 Volume=230K Target=$7.95 Stop=$5.06
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/xing.html
WATCHLIST/ CONTINUING:
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADPT 05/19 Test 18 8.6 +0.19 7.88 9.48 706K 825K 7.33
Current.
ADVP 05/20 Cup hdl 35.65 +2.2 32.85 39.22 3.6M 2M 31.92
Current.
AETH 05/14 Cup hdl 5.37 +0.3 4.45 5.45 491K 244K 4.35
Current.
AMCC 05/31 Cup hdl 6.95 +1.31 5.45 7.15 27M 4.5M 4.92
Current.
AOS 05/17 Test BO 32.02 -0.29 32.06 37.65 72K 136K 30.88
Buy Not Issued. Looked good but kept pulling back intraday so decided
to wait.
APC 05/21 Cup hdl 47.4 -1.53 50.04 57.88 9.2M 3M 48.15
Current.
APOL 05/27 Test 50 59.88 -0.12 55.07 62 2.5M 2.7M 54.35
Current.
AXP 06/19 Put 43.5 +0.04 37.75 34.05 6.5M 500K 41
BCR 05/10 A Wedge 71.73 +0.4 64.4 73.75 515K 477K 66.25
Current.
BGEN 05/24 Rv H&S 49.14 +3.15 42.35 49.55 6M 4.5M 39.39
Current.
BIO 06/03 FlyPlat 61.43 +2.35 61 71 374K 226K 56.95
Current. Excellent breakout from the lateral consolidation as
volume surged.
BLTI 02/10 Test BO 14.7 +0.05 7.2 13.45 346K 300K 13.25
Current.
BMRN 06/05 Cup hdl 13.32 +1.79 13.36 16.15 1.6M 1.1M 12.42
New.
BPOP 05/22 Test BO 40.69 +0.51 37.95 44 287K 200K 39.15
Current.
BPOP 04/03 Cup hdl 40.69 +0.51 35.25 40.45 287K 200K 39.15
Target Hit. Took some nice option gain and let the resto fo the
option and stock positions run on the strong volume move.
BRL 05/24 Put 56.75 +3.84 51.94 48.06 1.5M 1.4M 52.95
Buy Not Hit.
CCU 05/17 Cup hdl 42.49 +0.19 42.15 48.45 3M 6.9M 39.25
Current.
CKP 05/31 Test 18 13.72 +0.02 13.92 16.75 139K 250K 13.25
Buy Not Hit.
CLRS 06/04 Test BO 6.11 -0.01 6.28 7.55 73K 92K 5.84
Buy Not Hit.
CVH 03/31 BO 44.8 +0.12 40.25 47.25 522K 815K 41
Current.
CY 05/17 Test 18 12.95 +0.05 10.06 12.12 2.9M 2.3M 9.36
Buy Not Issued.
CY 03/04 Cup hdl 12.95 +0.05 6.7 8.65 2.9M 2.3M 9.95
Current.
DANKY 06/02 Cup hdl 4.19 -0.16 4.95 6.25 495K 1M 4.59
Buy Not Hit.
EPIC 05/08 FlyPlat 4.59 +0.28 3.15 4 185K 145K 3.85
Current.
EXTR 05/17 Test BO 6.4 +0.32 5.45 7.42 6.4M 4.5M 5.38
Current.
FDX 03/24 Cup hdl 64.5 +0.27 57.85 66 1.6M 2.2M 61.45
Current.
FLIR 05/08 PreSplt 29.2 +1 25.85 29.38 480K 401K 26.45
Current.
FLSH 05/22 Test BO 11.65 +0.34 10.55 12.75 168K 195K 10.15
Current.
FLSH 05/12 Rv H&S 11.65 +0.34 9.2 10.96 168K 195K 10.15
Current.
GPRO 04/05 Dbl btm 37.42 +0.19 26.5 30.75 817K 521K 35.35
Current.
GRMN 11/06 Cup hdl 49.96 +0.84 22.34 37.45 960K 198K 44.44
Current.
GSPN 05/24 Test BO 8.99 -0.01 7.42 10 2.8M 2.8M 7.15
Current.
HIL 05/22 Test BO 10.35 +0.1 9.2 11.2 202K 250K 9.45
Current.
HIL 05/03 BO 10.35 +0.1 7.45 8.96 202K 250K 9.45
Current.
HPOL 06/04 Cup hdl 6.5 +1.02 5.85 6.95 2.3M 541K 5.38
Current. What a breakout!
HTCH 05/14 A Wedge 33.64 +0.8 29 33.35 878K 802K 30.95
Target Hit. Super move and took some gain but let the rest run.
HYSL 06/04 Cup hdl 34.71 +0.2 33.05 39.66 680K 1.1M 30.74
Current.
ICOS 05/31 Test BO 38.9 +6.24 34.25 40 7.4M 2.8M 33.85
Current. Hope this moves lasts as long as the longer lasting
Viagra it makes. What a surge.
ICST 05/29 A Wedge 28.58 +0.35 25.5 29.75 2.7M 2.5M 25.25
Current.
IDBE 04/16 Rv H&S 11.16 +0.07 8.17 11 174K 376K 9.68
Current.
JPM 05/24 Test BO 35.1 +0.41 32.58 36.45 10M 1.2M 30.88
Current.
JPM 04/01 Test BO 35.1 +0.41 24.96 28.55 10M 1.2M 30.88
Current.
KOSP 05/13 Test BO 23.29 +1.29 23.25 27.48 714K 400K 21.88
Buy Not Issued.
LGTO 05/22 A Wedge 8.43 +0.53 7.06 8.75 4.7M 2M 6.75
Current.
MCDTA 04/30 Cup 14.03 +0.42 11.15 13.58 2.4M 2.7M 11.75
Current.
MED 05/22 Test BO 14.95 +0.96 10.62 12.78 285K 145K 11.75
Current.
MED 04/28 Cup hdl 14.95 +0.96 8.7 10.42 285K 145K 11.75
Current.
MER 04/28 Cup hdl 46.17 +0.52 43.32 49.55 6.9M 7.5M 42.55
Current.
MERQ 05/12 Cup hdl 41.9 +0.34 38.95 45.35 4.9M 6.8M 38
Current.
MOBE 04/24 Cup 2.9 +0.04 1.88 2.38 182K 110K 2.22
Current.
MVL 03/03 BO 24.5 +0.5 11.82 21 1.5M 675K 21.88
Current.
NBIX 05/03 Cup 57.01 +5.15 48.2 54.25 853K 600K 52
Target Hit. Huge, huge move. Took a sliver of gain but let the
rest run.
NCN 05/21 Cup hdl 9.09 +0.15 8.65 10.48 402K 254K 8.12
Current.
NENG 05/05 Cup hdl 2.81 +0.05 2.08 3.44 209K 232K 2.29
Current.
NSCN 04/23 Cup hdl 23.25 +0.59 21.17 25.42 1.5M 2.5M 21.45
Current.
NSM 04/18 Cup hdl 24.31 -0.37 19.55 24.88 6.4M 3.8M 22.75
Current.
NTN 05/07 Test BO 2.25 +0.13 1.95 2.75 270K 183K 1.91
Current.
NVDA 05/08 Test BO 26.57 +0.74 22.62 27 10M 11M 23.15
Current.
NWK 04/28 DB hdl 9.18 -0.14 7.11 9.45 729K 256K 8
Current.
ONXX 05/19 Rv H&S 13 +1.88 10.55 12.25 1.1M 300K 10.45
Target Hit. Took some gain as it hit target, but so strong we let
more run.
ORCL 05/28 Cup hdl 13.36 -0.22 13.55 16.45 37M 59M 12.65
Current.
OVRL 05/10 Test BO 19.01 +0.86 18.05 21.68 226K 125K 16.88
Buy Not Hit.
PKI 03/04 Test BO 13.72 +0.25 9.16 13.55 464K 1M 12.45
Target Hit. Lower volume on this move so took some gain even though
it has bounced up off the 10 day MVA.
PRGO 06/03 Test BO 15.34 +0.06 15.28 18.35 248K 432K 14.21
Buy Not Issued. Low volume to follow the good Wednesday volume. Decided
to wait.
PRX 05/19 Put 42.79 +1.95 37.85 34.52 850K 700K 39.75
Current.
PWN 05/07 BO 12.56 -0.19 11.66 13.94 69K 117K 11.55
Current.
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.
QLGC 11/07 Test BO 51 +0.58 41.4 50 5.1M 25M 46.25
RHAT 05/27 Test 18 8.7 +0.78 7.94 9.55 7.5M 1.4M 7.25
Current.
RMBS 04/09 A Wedge 19.3 +1.35 17.55 21.45 3.4M 6.8M 15.94
Current.
RMD 05/03 Test BO 40.93 +0.55 37.75 43.75 294K 322K 38
ROOM 04/26 Cup 92.29 +0.62 68.75 94 414K 1.7M 83
SGMS 05/29 Test BO 7.4 0 8.08 9.95 426K 571K 7.51
Buy Not Hit.
SRNA 05/28 Rv H&S 20.6 +0.61 20.42 24.45 522K 700K 18.99
Current.
STEL 06/02 Cup hdl 5.44 0 5.85 8 198K 222K 5.44
Buy Not Hit.
STK 04/28 Cup hdl 27 +0.15 27.35 32 357K 1M 25.24
Current.
TWTC 05/13 A Wedge 7.61 +0.62 4.08 5.85 4.8M 522K 5.85
Current.
UCOMA 03/31 Cup hdl 5.24 +0.24 3.35 4.48 2M 875K 4.35
Current.
VSAT 06/04 Flat 12.95 -0.56 13.62 16.45 258K 192K 12.67
Buy Not Hit. Gapped higher but was pulling back from there the entire
session.
WFII 04/30 Cup 10.52 -0.08 7.55 9 317K 261K 9.75
Current.
WSTC 05/24 Test 18 26.31 -0.38 25.2 28.38 160K 215K 23.97
Current.
WTW 05/31 Put 43.45 +0.41 42.72 39.52 311K 600K 43.45
Buy Not Issued.
XING 06/02 Test BO 5.13 +0.02 5.44 7.95 126K 230K 5.06
Buy Not Issued.
YHOO 12/11 Test 50 29.39 -0.2 17.32 25 9.6M 20M 27.55
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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