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stock recommendation, stock picking
Begin part 2 of 2
THE PLAYS
Good moves Tuesday: ANSR; EBAY; MKSI; TSCO
Monday night play results:
DRL: Started heading lower.
ANSR: Super move higher on stron govlume.
TGT: Moving on strong volume.
New Plays for Wednesday:
Play Date: 08/12/2003
ARTG (Art Technology--$2.12; +0.2; no options): Internet software services
http://biz.yahoo.com/p/a/artg.html
STATUS: 50 day MVA test. ARTG broke out of a 7.5 month base in mid-July and shot up to 2.60 on the high. That is when Nasdaq peaked, and since ARTG has tested all the way back to the 50 day MVA (1.85) in a full breakout test. Tuesday it started the move back, gapping higher and running on much stronger volume. Solid accumulation in the prior base and of course in the current run. Strong money flow held up during the pullback, and ARTG looks ready to follow it higher.
Volume: 769.343K Avg Volume: 939K
BUY POINT: $2.18 Volume=1M Target=$2.62 Stop=$1.98
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/artg.html
Play Date: 08/12/2003
PWER (Power-One--$10.37; -0.18; optionable): Electronics
http://biz.yahoo.com/p/p/pwer.html
STATUS: Testing the breakout. PWER exploded higher in late July on huge volume, breaking out of a 8 month base showing outstanding 10 to 4 accumulation (10 up price weeks on rising volume to 4 down price weeks on rising volume). Money flow is huge and relative strength has broken out. PWER has made a very nice pullback the past two weeks on low, below average volume. Tuesday volume started up as PWER tapped the 10 day MVA on the low (10.05) and rebounded to finish with a doji. Looks really nice.
Volume: 502.569K Avg Volume: 566.136K
BUY POINT: $10.65 Volume=675K Target=$12.78 Stop=$9.9
POSITION: OGU JB - Oct. $10c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/pwer.html
* * *
SUBSCRIBER PORTFOLIO: Here is the revamped portfolio. A very good mix of stocks that will provide some very interesting plays in the weeks and months ahead. Right now we are just putting them in, and when they provide a buy point that is when we will start to move into positions. That is the key to any purchases, i.e., wiaitng for them to provide the entry points and not just a shotgun buy.
AVID, DIS, GTRC, KKD, LPNT, OCR, TGT, UTSI
Play Date: 08/09/2003
UTSI (Utstarcom--$40.24; +2.27; optionable): Wireless communications
http://biz.yahoo.com/p/u/utsi.html
STATUS: Testing the 50 day MVA. After a strong move up from April through July, a nice $25 run. After such a strong run up the 18 day MVA it needed a test. It came back to tap that level Monday (37.11) and then bounced Tuesday on a nice shot of stronger, average volume. It has been a long run, but the 50 day MVA is where big money likes to step back in, and the rising volume on a low volume session indicates that is the likely case here. Looking to take a position on a strong volume move over the 18 day MVA (40.49).
Volume: 3.142M Avg Volume: 3.166M
BUY POINT: $41.35 Volume=4.5M Target=$50 Stop=$38.46
POSITION: UON KH - Nov. $40c (56 delta) &/or Stock
http://www.investmenthouse.com/cd/utsi.html
TGT 08/09 Flat 40 +0.85 40.12 48 4.6M 5.7M 37.31
Buy Not Hit. Moving well on volume. It looks as if it will be breaking out soon.
* * *
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: PWN; TGT; BEV
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$SOX 08/09 Put 0 0 372 354 0 0 377
Buy Not Issued.
AMZN 05/03 BO 39.85 +0.92 30.3 35.45 6.2M 12M 38.25
Current. Got some volume and cleared the 18 day MVA.
ANSR 08/11 Cup hdl 3.43 +0.25 3.43 4.22 406K 350K 3.19
Current. Super blast higher.
AOS 07/24 Rv H&S 33.1 +0.53 33.05 40 31K 175K 30.94
Buy Not Issued. Started higher but volume did not follow it.
ARTG 08/12 Test 50 2.12 +0.2 2.18 2.62 769K 1M 1.98
New.
ASPT 08/09 Test BO 7.96 -0.04 8.06 10.12 754K 791K 7.45
Current. Gapped higher but gave it back. Still looks good but it needs to make the move.
ASTSF 07/12 Cup hdl 7.58 +0.06 6.5 8.25 283K 500K 6.68
Current. Edging higher but not the big break over 7.50 it needs.
AVID 08/09 Test 18 45.71 -0.12 0 0 379K 0 0
BDY 07/16 Test BO 24.7 +2.02 19.58 23.25 1.1M 376K 18.88
Target Hit. Took part of the gain, let the rest ride.
BEAS 08/04 Cup hdl 12.76 +0.26 13.88 16.65 6.5M 16M 12.91
Buy Not Hit. Still hangin in there.
BEAS 07/31 Cup hdl 12.76 +0.26 13.37 16.22 6.5M 16M 12.69
Current.
BEV 07/26 Test BO 5.64 +0.19 5.54 6.94 2M 1.4M 5.24
Current. Big volume as it tried a strong move. Gave a lot back but starting to show life again.
BMRN 08/07 Put 8.55 +0.13 8.98 6.95 835K 1.3M 9.75
Buy Not Hit.
CHRD 07/28 Test BO 3 -0.12 3.22 4.05 661K 822K 2.99
Buy Not Issued.
CMTL 08/05 Put 16.72 -0.02 16.24 14.12 139K 450K 17.56
Buy Not Issued.
COLT 07/24 BO 5.32 +0.04 5.3 6.68 32K 200K 5.08
Current. Still holding the short term MVA.
CRAY 07/22 Test BO 11 +0.33 9.73 11.75 890K 1.4M 9.94
Current. Nice test and move up off the 10 day MVA.
DIS 08/09 Test 18 22.45 +0.4 0 0 6.9M 0 0
Starting to move higher on slightly rising volume.
DKS 03/18 DB hdl 37.96 -0.74 23.81 28.42 215K 225K 35.94
Current. Holding the 10 day MVA.
DKS 02/19 DB hdl 37.96 -0.74 22.75 27.35 215K 225K 35.94
Current.
DRL 08/11 Put 42.86 -0.67 43.2 40 304K 550K 44.44
Current. Started lower though volume did not move higher.
EBAY 12/12 Test 18 103.43 +1.57 69.45 92 5.6M 12M 105.55
Current. Is rallying toward the 50 day MVA on low volume. If it cannot get over 105 we will have to see how it looks when it tests back.
EBAY 10/15 Test 50 103.43 +1.57 62.45 92 5.6M 12M 105.55
Current.
EGO 06/25 Cup hdl 2.19 -0.05 1.88 2.45 277K 210K 2.03
Current. Still working up the 10 day MVA.
ESA 08/05 Cup hdl 14.97 +0.2 15.34 18.45 113K 405K 14.44
Buy Not Hit. Still solid in the pattern.
FLSH 05/22 Test BO 15.25 +0.08 10.55 12.75 131K 195K 14.42
Current.
FLSH 05/12 Rv H&S 15.25 +0.08 9.2 10.96 131K 195K 14.42
Current.
GENZ 08/07 Put 46.65 +1.51 44.05 40 2.7M 4M 46
Buy Not Issued.
GMR 07/30 Cup hdl 12.23 +0.03 12.14 14.45 63K 218K 11.55
Current. Very nice lateral move over the 10 day MVA.
GTRC 08/09 BO 32.95 -0.3 34.12 41 209K 725K 31.73
Buy Not Hit.
HL 08/04 Cup hdl 6.3 -0.03 6.07 7.28 1.4M 1.7M 5.62
Current. Holding up very well.
IPXL 07/29 Cup hdl 12.25 +0.21 13.48 16.25 203K 759K 11.96
Buy Not Issued.
ITRI 08/06 H&S 19.44 +0.54 19.57 17 224K 200K 20.55
Buy Not Hit.
KKD 08/09 Cup hdl 44.99 +0.19 45.08 54.25 591K 1M 43.32
Current. Took some positions, but it did not continue the run as we wanted.
LPNT 08/09 Rv H&S 27.69 +0.28 29.06 35 345K 1.3M 27.03
Buy Not Hit.
MERX 07/15 Cup hdl 10.83 -0.17 10.52 12.75 125K 248K 10.14
Current.
MKSI 07/21 Cup hdl 21.98 +0.93 22.25 27.95 214K 488K 21.68
Current. Excellent recovery off the 50 day MVA.
MKSI 07/14 Cup hdl 21.98 +0.93 22.8 27.95 214K 488K 21.68
Current.
MLHR 08/09 Test BO 22.11 +0.33 21.72 26.12 281K 325K 21.04
Buy Not Issued. Moving on below average volume.
OCR 08/09 Test 50 33.34 -0.15 0 0 523K 0 0
ONNN 06/21 Test BO 3.47 +0.01 3 3.75 238K 900K 3.18
Current. Back up to 3.50, the prior high. Needs to take this level out, but struggling agin.
PMTI 08/06 BO 6.94 -0.25 6.59 7.91 116K 200K 5.96
Buy Not Issued.
PWER 08/12 Test BO 10.37 -0.18 10.65 12.78 503K 675K 9.9
New.
PWN 07/31 FlyPlat 16.45 +0.03 17.75 21.35 148K 240K 16.51
Buy Not Hit. Very tight with volume picking up.
SBUX 07/30 Cup 26.65 +0.24 27.55 33 1.5M 6M 25.94
Buy Not Issued.
SBUX 07/01 Cup 26.65 +0.24 26.3 30.94 1.5M 6M 26.45
Current. Good recovery off the 50 day even if no volume.
TGT 08/09 Flat 40 +0.85 40.12 48 4.6M 5.7M 37.31
Buy Not Hit. Moving well on volume. It looks as if it will be breaking out soon.
TIWI 08/07 A Wedge 3.72 +0.17 4.06 5.65 161K 689K 3.75
Buy Not Hit.
TSCO 07/29 Test BO 55.75 +0.96 56.12 62.88 226K 494K 53.82
Current. Making the nexte move.
TSCO 06/03 Rv H&S 55.75 +0.96 46.85 55.25 226K 603K 53.25
Current.
TSCO 04/24 Cup hdl 55.75 +0.96 43.75 52 226K 603K 53.25
Current.
TSCO 04/03 Rv H&S 55.75 +0.96 38.6 44.38 226K 577K 53.25
Current.
TZIX 07/21 Rv H&S 7.5 +0.17 7.7 9.45 27K 200K 7.21
Current.
UNTD 07/12 Test BO 32.4 +0.79 28.8 34.12 1.5M 2.1M 30
Current. Getting some volume as it continues the move off the 18 day MVA.
UNTD 05/29 Flat 32.4 +0.79 23.45 28 1.5M 2M 30
Current.
UTSI 08/09 Test 50 40.24 +2.27 41.35 50 3.1M 4.5M 38.46
New.
VRSN 08/02 Dbl Top 13.42 +0.54 12.45 10.65 2.5M 4.4M 12.15
Exited.
VRTS 08/19 CCall 30.61 +0.76 19.76 20 4.8M 8.5M 29.06
Current.
VVTV 07/19 Cup hdl 16.85 +0.34 16.95 20.45 124K 250K 16.14
Current. A bit of volume up off the 18 day MVA.
WTW 08/09 Put 42.71 +0.32 42.24 39.68 751K 800K 43.28
Buy Not Issued. Gapped lower and recovered on rising volume. Still below the 10 day, but needs to fail at 43.
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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stock recommendation
stock picking
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