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us stock market, stock recommendation
Begin part 2 of 2
Continuing plays that look ready:
Play Date: 07/29/2003
CHINA (Chinadotcom--$11.92; +0.24; optionable): Chinese internet provider
http://biz.yahoo.com/p/c/china.html
STATUS: Testing the 18 day MVA. Slipped below the 18 day MVA (11.96) Monday, but then recovered some ground Tuesday, showing a tight doji right at that level. We will let the stock make the move for us and signal that it is the right time to enter with a high volume move back up.
Volume: 8.594M Avg Volume: 7.725M
BUY POINT: Aggressive: $12.95; Next: $13.88 Volume=15M Target=$17.35 Stop=$12.88
POSITION: UIH LC - Dec. $15c (45 delta) &/or Stock
http://www.investmenthouse.com/ci/china.html
CONTINUING PLAY LIST:
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.
Still look good: SRA; GPRO; SINA; TKLC
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADI 08/04 Cup 38.19 -1.54 40.43 47.65 3.1M 5M 37.62
Buy Not Hit.
AMEV 07/26 A Wedge 6.42 -0.42 5.75 6.88 934K 200K 5.52
Current. Gapped higher again but then turned back down on some huge volume. Needs to hold 6.
AMEV 06/07 Test BO 6.42 -0.42 4.75 6 934K 102K 4.44
Current.
ATYT 06/23 Cup hdl 11.68 -1.2 9.7 11.88 7.2M 2.4M 10.44
Current. Gapped down to the 18 day MVA. Needs to hold here.
AVCI 07/30 Cup 6.5 -0.45 7.35 9 68K 129K 6.84
Buy Not Hit. Tanked below the 18 day. Dropping for now.
BDY 07/16 Test BO 19.08 +0.07 19.58 23.25 126K 376K 18.21
Current. Trying to hold the line, moving laterally over the 10 day MVA.
BEBE 07/01 Test BO 21.26 -0.52 20.9 24.95 185K 321K 21.62
Current. Turned lower below the 18 day MVA on lower volume. It rebounded from there twice before. If it does not this time we close it.
CCMP 07/07 Cup hdl 61.3 -0.96 61.05 71 588K 1.3M 59.25
Current. Turned back, but just a bit.
CELL 07/21 Cup hdl 26.24 -0.46 19.25 23.25 247K 225K 24.35
Current. Moving laterally on lower volume, holding the move.
CHINA 07/29 Test 18 11.92 +0.24 13.88 17.35 8.6M 15M 12.88
Buy Not Hit.
CHINA 06/21 Test BO 11.92 +0.24 7.95 9.55 8.6M 2.8M 11.78
Current.
CHMD 06/10 FlyPlat 10.7 -0.65 10.54 12.55 124K 155K 11.32
Exited. Used a trailing stop to take a modest gain off the table.
CHS 07/23 Test BO 27.2 -0.63 27.05 31.25 1.1M 2.2M 25.85
Current.
CMTL 08/05 Put 16.4 -1.11 16.24 14.12 312K 450K 17.56
New.
CMVT 08/02 Dbl Top 13.81 -0.62 13.85 11.85 2.5M 3.5M 14.78
Current. Tapped the 50 day again and rolled over.
COHU 07/24 Rv H&S 19.11 -0.84 19.85 23.88 169K 155K 19.12
Current. Testing the 18 day MVA on the low and recovering some. Needs to hold here.
COLT 07/24 BO 5.53 0 5.3 6.68 38K 200K 4.93
Current. Holding up well.
CRAY 07/22 Test BO 11.1 -0.3 9.73 11.75 1.3M 1.4M 9.94
Current. Coming back some. May need to take the gains as it has stalled at 11.50.
CSC 08/04 DB hdl 42.42 -0.33 42.88 48.45 2.5M 2.4M 39.88
Buy Not Issued. Tried to continue the strong Monday move but it could
not. Still just waiting.
DCEL 08/05 Flat 6.72 -0.06 7.06 8.48 481K 726K 6.54
New.
DKS 03/18 DB hdl 36.02 +0.29 23.81 28.42 194K 225K 35.94
Current. Holding the 50 day MVA. Tried to rally but turned back. Letting this one have some room.
DKS 02/19 DB hdl 36.02 +0.29 22.75 27.35 194K 225K 35.94
Current.
DSCM 07/10 Test BO 5.71 -0.09 6.36 8.12 583K 425K 5.91
Buy Not Hit.
DVA 05/17 Cup hdl 27.54 +0.03 25.11 30 874K 573K 27.55
Current. Was tanking but rallied back to the session highs so we left it alone to see if it could continue the move Wednesday over the short term MVA.
EBKR 08/04 BO 18.75 -0.65 19.55 23.48 124K 200K 18.09
Buy Not Hit.
EMBT 07/26 Cup hdl 7.7 -0.43 8.75 10.48 28K 400K 8.14
Buy Not Issued.
FFIV 07/14 A Wedge 17.1 -0.82 18.96 23 279K 800K 17.55
Buy Not Issued.
FLSH 05/22 Test BO 15.14 -0.18 10.55 12.75 155K 195K 14.42
Current. Nice doji over the 10 day MVA as it continues its solid uptrend.
FLSH 05/12 Rv H&S 15.14 -0.18 9.2 10.96 155K 195K 14.42
Current.
FSII 07/12 Cup hdl 4.73 -0.16 4.9 6.25 108K 333K 4.55
Current. Holding the 18 day MVA on the close, fighting its way back to that level.
GPRO 06/17 A Wedge 52.25 -0.11 41.75 48 275K 766K 51.65
Current. Nice tight doji on low volume at the 18 day MVA. May just be ready for more.
GPRO 04/05 Dbl btm 52.25 -0.11 26.5 30.75 275K 521K 51.65
Current.
HPOL 07/08 Test BO 6.56 -0.04 7.22 8.95 277K 541K 6.68
Current. It rallied toward the close so we let it run another session. Won't let it backslide form here.
HPOL 06/14 Test BO 6.56 -0.04 6.7 8.38 277K 541K 6.68
Current.
IDT 07/12 Cup hdl 18.01 +0.06 18.35 21.95 126K 200K 17.88
Buy Not Issued.
IMA 07/28 A Wedge 20.7 -0.12 21.42 25.72 154K 115K 19.92
Buy Not Hit.
INTC 07/31 FlyPlat 24.27 -0.84 25.56 30.65 52M 75M 24
Buy Not Hit.
INTU 06/26 Put 42.7 -0.35 41.8 38.05 2.1M 6M 43.68
Current. Tried to move over the 50 day MVA again but fell back again.
KFY 06/28 Cup hdl 9.37 -0.63 9.05 10.95 116K 130K 9.52
Exited. Used a trailing stop to take a modest gain off the table.
KLAC 07/19 Cup hdl 50.58 -1.99 52.25 60 7.1M 14M 50.12
Current. Slid below the 18 day MVA. Needs to hold 50.
KLIC 08/02 Test BO 9.06 -0.31 9.32 11.75 1.2M 1.5M 8.48
Current. Reversed part of the Monday gain but on lower volume.
LLTC 07/23 Rv H&S 36.41 -0.75 37.35 44.85 5.5M 9M 35.55
Current.
LM 05/06 Cup hdl 66.91 -0.98 58.5 67.78 431K 610K 68.15
Current. Down to the 50 day MVA on continued below average volume.
MCTR 07/28 Test BO 2.96 +0.01 2.55 3.35 2.3M 367K 2.28
Buy Not Issued.
MDCC 07/21 Cup hdl 17.29 -0.66 18.35 22.35 66K 275K 17.94
Current. Fell below the 18 day MVA in a quick late drop.
MER 04/28 Cup hdl 51.42 -1.52 43.32 49.55 6M 7.5M 52.34
Target Hit. Took the rest of a super gain off the table as it broke
the 18 day MVA.
MERX 07/15 Cup hdl 11.15 +0.15 10.52 12.75 326K 248K 9.78
Current. Still rising on above average volume.
MIL 08/05 Put 42.46 -0.9 42.22 39.15 416K 500K 43.22
New.
MKSI 07/21 Cup hdl 21.66 -0.63 22.25 27.95 179K 488K 21.68
Current. Struggling at the 18 day MVA. It needs to rally or we close it.
MKSI 07/14 Cup hdl 21.66 -0.63 22.8 27.95 179K 488K 21.68
Current.
MMSI 08/05 Test BO 26.12 -0.48 26.72 32 132K 183K 25.55
New.
MRGE 07/19 Test BO 14.18 -0.42 16.35 19.65 85K 239K 14
MRGE 04/24 Rv H&S 14.18 -0.42 8.06 10.45 85K 65K 14.38
Current. Back to support at 14 on very low volume. Giving it another chance to bounce up off of this support.
MRVL 08/02 Cup hdl 34.55 -0.8 36.28 43.55 2.5M 4.9M 33.74
Buy Not Hit.
MXO 07/22 Test BO 9.72 -0.13 10.18 12.25 1.7M 4.6M 9.47
Current. Holding the 10 day MVA on low volume.
NENG 08/04 Test BO 5 -0.13 5.12 6.35 997K 232K 4.66
Current. Gapped higher and then closed slightly lower. Holding the breakout but a bit disappointing after the strong Monday move.
NEWP 07/29 Cup hdl 16.64 -0.84 17.66 21.35 199K 552K 16.44
Current. Promising move Monday but then turned and dumped lower Tuesday. Needs to hold that 18 day MVA.
NTN 07/26 FlyPlat 2.45 +0.11 2.44 3.32 88K 200K 2.18
Current. Nice move up off the 10 day MVA.
ONNN 06/21 Test BO 3.2 +0.14 3 3.75 400K 900K 3.18
Current. Still moving up off the 50 day MVA in a rebound move. Letting it rebound as far as it will.
OPSW 07/15 Test BO 5.25 -0.35 6 7.32 753K 850K 5.45
Current. Fell below the 18 day MVA on rising volume.
PG 08/02 H&S 87.53 -0.31 86.54 83 3.2M 4M 87.88
Buy Not Issued. Looks ready now after another 18 day MVA test.
PHMD 07/17 Test BO 2.67 -0.18 2.9 3.75 251K 150K 2.68
Current. Fell below the 18 day MVA. It was a victim of some late selling that pushed it lower.
PIXR 07/30 Test 18 68.27 -0.32 69.06 78.48 353K 1.3M 66.12
Buy Not Issued. Tried to make the move but no volume so just waited.
PIXR 07/05 Cup hdl 68.27 -0.32 62.8 71.75 353K 1.2M 65.94
Current.
PTEK 07/29 Cup hdl 6.31 +0.16 6.18 8 473K 276K 5.73
Buy Not Issued. Tapped the 18 day MVA and started back up on rising volume.
PWAV 07/15 Test BO 7.45 -0.28 8.12 9.75 721K 2.1M 7.45
Buy Not Hit.
RIMM 07/31 Cup hdl 25.12 -3.16 24.38 29.35 5.3M 2.5M 22.67
Buy Not Issued. The takeover speculation died down and so did the price.
RTEC 07/31 Cup hdl 18.24 -2.12 21.06 25.28 1.1M 522K 19.59
Buy Not Hit.
SIE 07/30 Test BO 23.6 -1.67 27.12 32.55 933K 700K 25.22
Buy Not Hit.
SINA 06/26 Test 18 32.45 +0.52 17.71 21.25 12M 4M 30.52
Current. Another doji at the 18 day MVA.
SOHU 06/21 Test 50 34.11 -0.54 28.5 35 3.5M 2.5M 32.48
Current. Holding the 50 day MVA still.
SRA 08/04 Cup hdl 15.87 -0.11 16.74 20.12 128K 247K 15.57
Buy Not Hit. Very nice doji right on the 10 day MVA. Looks ready.
SWIR 07/07 Test BO 9.45 -0.5 7.38 8.96 214K 355K 8.96
Current. Testing the 10 day MVA on very low, below average volume.
TKLC 08/02 Test BO 14.36 -0.15 14.78 17.75 434K 1M 13.75
Buy Not Hit. Looks ready still.
TSAI 07/30 Cup hdl 12.1 +0.06 11.75 13.88 189K 240K 10.96
Current. Very nice action, holding the gains on lower volume.
TSCM 07/17 Rv H&S 4.88 -0.42 5.82 7.55 310K 210K 5.38
Buy Not Hit. Broke below the 50 day MVA. Dropping.
TSCO 06/03 Rv H&S 53.82 -0.98 46.85 55.25 224K 603K 53.25
Current. Down to the 18 day MVA on continued below average volume.
TSCO 04/24 Cup hdl 53.82 -0.98 43.75 52 224K 603K 53.25
Current.
ULCM 07/29 Cup hdl 10.77 -0.03 12.22 14.96 44K 186K 11.36
Buy Not Hit.
VRTS 08/19 CCall 30.15 -0.73 19.76 20 4.7M 8.5M 29.06
Current.
VSEA 07/12 Test BO 32.02 -1.7 34.5 40.95 490K 1.4M 32.08
Current. Down to some support at 32 on low volume.
VVTV 07/19 Cup hdl 17.06 +0.04 16.95 20.45 263K 250K 15.86
Current. Still holding its move up the 10 day MVA on some good volume.
WWCA 07/23 BO 14.42 -0.3 14.48 17.45 1.4M 824K 14
Current. Second session of gapping higher and then failing. Being careful here to protect the uptrend.
WWCA 05/22 BO 14.42 -0.3 11.42 13.85 1.4M 824K 14
Current.
XICO 07/02 A Wedge 9.15 +0.4 7.25 8.65 201K 172K 7.98
Current. Excellent move higher on very solid volume.
XMSR 07/16 Cup hdl 14.05 +0.33 14.25 17.25 10M 11M 13.12
Buy Not Issued. Was moving on volume ahead of earnings but gave most
of it back. Performed decently after hours, so may
be ready tomorrow.
XOMA 07/28 Rv H&S 8.35 -0.12 7.15 8.68 1.2M 1.5M 6.65
Buy Not Issued.
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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