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us stock market, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers Wednesday: CHRD; CRAY; EGO; KFY; LIOX; PDLI
Tuesday night play results:
IPXL: Took a breather after the strong move.
ULCM: Gapped higher but could not make the breakout attempt stick.
CHRD: Huge surge higher.
TSCO: Started higher but no volume to match.
New Plays for Thursday:
Play Date: 07/30/2003
AVCI (Avici Systems--$7; +0.01; no options): PC networking
http://biz.yahoo.com/p/a/avci.html
STATUS: Cup w/handle. AVCI has formed a nice little 2 month cup with handle sporting nice 3 to 1 accumulation (3 up weeks on rising volume to 1 down week on rising volume). Monday the stock exploded higher on huge volume and has tested the breakout on lower volume, holding the move. Excellent accumulation with storng money flow and a relative strength breakout supporting the move. This little pullback to form a short handle to the base is a very good test.
Volume: 54.1K Avg Volume: 86K
BUY POINT: $7.35 Volume=129K Target=$9 Stop=$6.84
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/avci.html
Play Date: 07/30/2003
GMR (General Maritime--$11.6; +0.3; no options): Shipping
http://biz.yahoo.com/p/g/gmr.html
STATUS: Cup w/handle. GMR has formed the current 6 week base on top of a nice breakout from a base formed January through May. Accumulation in this base is solid at 3 to 1 with volume really jumping up the past week. Wednesday GMR started the breakout move on a very solid volume surge. It has all the attributes: accumulation, strong money flow, and a relative strength breakout.
Volume: 426.8K Avg Volume: 145.59K
BUY POINT: $11.72 Volume=218K Target=$14 Stop=$10.85
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/gmr.html
Continuing that still look excellent:
Play Date: 07/24/2003
AOS (A.O. Smith--$32.89; +0.69; no options): Electronic equipment
http://biz.yahoo.com/p/a/aos.html
STATUS: Reverse head and shoulders. AOS is working through an 11 week base showing solid 4 to 2 accumulation and surging money flow. AOS was in the process of a breakout 5 sessions back but then tested back once more, but did so on low volume. Wednesday AOS shot higher on a very strong volume surge. This one looks for real this time.
Volume: 297.7K Avg Volume: 97.363K
BUY POINT: $33.05 Volume=175K Target=$40 Stop=$30.94
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/aos.html
SUBSCRIBER PORTFOLIO: It is time to revamp the subsciber portfolio. The way we do it is have you vote on your favorite stocks for us to cover. Then when we get 8 or so with a majority we compile them.
We are also putting together a new leaders portfolio as this market consolidation should put some in better buying position. If you have any you feel are worthy of the leadership moniker, feel free to send them. We have several on our list already but will review any submissions.
CONTINUING/WATCHLIST:
LEGEND
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: A Wedge=Ascending triangle/wedge; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.)
Downside play types: CCall=Covered Call; DWedge=Descending triangle/wedge; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);
PIVOT=Buy point
Tgt=Target stock price for the play. Applies to stock and options.
Vol=Volume for the most recent session.
TgtV=Target volume to enter the play.
Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon market conditions.
These still look ready: ASTSF; MERX; SBUX; TSCO; TZIX
Due to technical difficulties we are unable to bring you the complete summary table tonight. We will resume the table Thursday.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMZN 05/03 BO 40.66 -0.73 30.3 35.45 7.2M 12M 37.45
Current.
AOS 07/24 Rv H&S 32.89 +0.69 33.05 40 298K 175K 30.94
Buy Not Hit.
ASPM 06/30 FlyPlat 9.42 +0.27 8.65 10.42 39K 115K 7.88
Buy Not Issued.
ASTSF 07/12 Cup hdl 6.73 -0.02 6.5 8.25 216K 500K 6.25
Current.
ATYT 06/23 Cup hdl 12 -0.05 9.7 11.88 1.9M 2.4M 10.44
Current.
AVCI 07/30 Cup 7 +0.01 7.35 9 54K 129K 6.84
New.
BEV 07/26 Test BO 5.86 +0.19 5.54 6.94 1.2M 1.4M 5.08
Current.
C 04/18 Rv H&S 45.23 -0.21 41.25 48.55 11M 23M 44.62
Current.
CHGO 06/14 Test BO 11 -0.15 10.08 12.05 71K 140K 11
Current. Used a trailing stop as it moved below the 18 day MVA.
CHRD 07/28 Test BO 2.99 +0.49 2.43 3.12 4.9M 822K 2.18
Buy Not Issued. Exploded higher, but a stock that internet outages
prevented delivery to all subscribers. Several alerts
were unsuccessful so we hled off in deference to subscribers.
Huge move; good entry point.
COLT 07/24 BO 5.56 -0.01 5.15 6.45 153K 200K 4.79
Buy Not Hit.
CRAY 07/22 Test BO 9.7 +0.7 9.73 11.75 2M 1.4M 8.98
Current. Great surge on volume.
CSTL 07/09 Cup hdl 3.75 -0.43 4.2 5.2 94K 200K 3.94
Exited.
DKS 03/18 DB hdl 38.38 -0.42 23.81 28.42 122K 225K 35.94
Current.
DKS 02/19 DB hdl 38.38 -0.42 22.75 27.35 122K 225K 35.94
Current.
EBAY 12/12 Test 18 108.16 +0.02 69.45 92 6.5M 12M 105.55
Current.
EBAY 10/15 Test 50 108.16 +0.02 62.45 92 6.5M 12M 105.55
Current.
EGO 06/25 Cup hdl 2.13 +0.09 1.88 2.45 391K 210K 1.91
Current.
FLSH 05/22 Test BO 15.15 +0.17 10.55 12.75 778K 195K 13.02
Current.
FLSH 05/12 Rv H&S 15.15 +0.17 9.2 10.96 778K 195K 13.02
Current.
GMR 07/30 Cup hdl 11.6 +0.3 11.72 14 427K 218K 10.85
New.
HPOL 07/08 Test BO 7.95 -0.06 7.22 8.95 591K 541K 6.68
Current.
HPOL 06/14 Test BO 7.95 -0.06 6.7 8.38 591K 541K 6.68
Current.
IACI 07/13 Test BO 39.54 -0.57 42.28 48.85 6M 12M 39.32
Current.
IACI 03/25 Cup hdl 39.54 -0.57 29.12 33.55 6M 8.3M 39
Current.
IBM 06/14 Put 80.96 -0.84 0 0 6.7M 0 0
Buy Not Issued.
IPXL 07/29 Cup hdl 13.45 +0.06 13.48 16.25 820K 759K 11.96
Buy Not Hit.
KFY 06/28 Cup hdl 9.8 +0.31 9.05 10.95 182K 130K 9.05
Current.
KLAC 07/19 Cup hdl 51.22 -1.17 52.25 60 6.9M 14M 49.85
Current.
LIOX 07/16 Test 18 6.65 +0.26 6.58 8.05 544K 400K 5.92
Current.
MCTR 07/28 Test BO 2.66 +0.06 2.45 3.35 1M 367K 2.28
Buy Not Issued.
MERX 07/15 Cup hdl 9.61 +0.11 10.26 12.45 222K 248K 9.54
Buy Not Hit.
MKSI 07/21 Cup hdl 22.18 -0.57 22.25 27.95 221K 488K 20.96
Current.
MKSI 07/14 Cup hdl 22.18 -0.57 22.8 27.95 221K 488K 21.12
Current.
MU 07/19 Cup hdl 14.35 -0.17 15.4 18.35 8.2M 16M 14.32
Current.
MYL 07/22 Put 32.7 -0.3 30.96 28 1.7M 1.5M 32.05
Buy Not Hit.
NTN 07/26 FlyPlat 2.43 -0.06 2.44 3.32 163K 200K 2.18
Current.
ONNN 06/21 Test BO 3.51 +0.03 3 3.75 385K 900K 3.18
Current.
PDLI 06/19 Put 12.75 -1.15 14.75 12.04 5.2M 2.5M 14.25
Current.
PHMD 07/17 Test BO 2.89 +0.09 2.9 3.75 155K 150K 2.68
Current.
RATE 07/15 FlyPlat 14.11 -0.08 14.8 17.88 349K 312K 14.02
Current.
RCII 01/11 Test BO 73.3 +1.3 0 0 342K 0 71.75
SBUX 07/01 Cup 26.87 +0.49 26.3 30.94 2.8M 6M 25.85
Current.
SINA 06/26 Test 18 35.19 -1.53 17.71 21.25 6.2M 4M 29.45
Current.
SOHU 06/26 Test 50 39.35 -1.45 29.9 35.88 2M 2.5M 36.55
Current.
STST 07/07 Test BO 17.53 -0.53 15.29 18.12 47K 103K 16.58
Current.
TEVA 01/11 A Wedge 57.23 -0.77 0 0 2.2M 5M 53.75
TPTH 06/18 A Wedge 7.38 +0.27 7.4 8.95 167K 352K 6.98
Current.
TSCO 06/03 Rv H&S 55.95 +0.44 46.85 55.25 166K 603K 50.45
Current.
TSCO 04/24 Cup hdl 55.95 +0.44 43.75 52 166K 603K 50.45
Current.
TSCO 04/03 Rv H&S 55.95 +0.44 38.6 44.38 166K 577K 50.45
Current.
TZIX 07/21 Rv H&S 7.77 +0.12 7.7 9.45 81K 200K 6.96
Current.
UBET 07/22 Cup hdl 3.74 -0.09 4.12 5.15 639K 920K 3.74
Current.
ULCM 07/29 Cup hdl 11.83 -0.26 12.22 14.96 83K 186K 11.36
Buy Not Hit.
UNTD 07/12 Test BO 30.19 0 28.8 34.12 961K 2.1M 27.72
Current.
UNTD 05/29 Flat 30.19 0 23.45 28 961K 2M 27.72
Current.
VRTS 08/19 CCall 30.38 -0.74 19.76 20 6.9M 8.5M 28
Current.
VVTV 07/19 Cup hdl 16.4 +0.22 16.38 19.75 77K 250K 15.23
Buy Not Issued.
WMT 02/05 Put 55.9 +0.41 0 0 5.4M 8.2M 0
WWCA 07/23 BO 14.36 -0.17 14.48 17.45 376K 824K 13.47
Current.
WWCA 05/22 BO 14.36 -0.17 11.42 13.85 376K 824K 13.35
Current.
YHOO 12/11 Test 50 30.79 -0.77 17.32 25 8.7M 20M 32.15
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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us stock market
stock recommendation
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