trade stock, stock recommendation

Begin part 3 of 3

THE PLAYS

Good movers Thursday: JNPR; BEAS; DCEL; GTRC; MKSI; ONNN; SBUX; TGT; TQNT

Wednesday night play results:
APCC: Started higher on stronger volume, moving toward the buy point.
MROI: Tried to move but got no volume and thus no traction.
TQNT: Nice breakout on strong volume.

New Plays for Friday:

Upside:

Play Date: 08/28/2003
SPRT (Supportsoft--$8.95; +0.72; no options): Internest software & services
http://biz.yahoo.com/p/s/sprt.html
STATUS: Ascending triangle. SPRT surged higher Friday on strong volume, jumping off the 18 day MVA (8.00) and moving toward a breakout from its 7 week base. Accumulation in the short but nice pattern is a solid 3 to 1. Money flow is strong and screaming higher while relative strength is breaking out as well. These are explosive patterns and it looks as if SPRT is ready to provide that sort of move.
Volume: 1.497M Avg Volume: 607K
BUY POINT: $9.18 Volume=910K Target=$11.25 Stop=$8.15
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/sprt.html

Play Date: 08/28/2003
AGRB (Agere Systems B--$2.79; +0.19; no options): Semiconductor integrated circuits
http://biz.yahoo.com/p/a/agrb.html
STATUS: Reverse head and shoulders. AGRB was blasting higher Thursday on huge volume as it moved off of the 50 day MVA (2.51) as it works to complete the right shoulder in a 7 week base. Accumualtion in th pattern is excellent at 4 to 0 (4 up weeks on rising volume to 0 down weeks on rising volume). Money flow is breaking higher ahead of price and relative strength, an indicator of the stock's power, is ready to make a breakout as well. Volume is the key ingredient in the current market, and we will look for AGRB to continue to show strong trade as it makes the breakout move.
Volume: 17.245M Avg Volume: 4.469M
BUY POINT: $3.02 Volume=6.7M Target=$3.95 Stop=$2.74
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/agrb.html

Continuing palys that look ready:

Play Date: 08/04/2003
BEAS (Bea Systems--$13.37; +0.74; optionable): Business software
http://biz.yahoo.com/p/b/beas.html
STATUS: Cup w/handle. Software is coming to life, and after a long (so it seemed) 5 week handle, BEAS started up Thursday on a very strong shot of volume. This comes on the heels of another volume surge Tuesday. Accumulation is excellent at 9 to 3. Money flow is surging up ahead of the stock as BEAS looks finally ready to make its move.
Volume: 13.945M Avg Volume: 9.15M
BUY POINT: $13.88 Volume=16M Target=$16.65 Stop=$12.91
POSITION: BUC LV - Dec. $12.50c (63 delta) &/or Stock
http://www.investmenthouse.com/cd/beas.html

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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

TGT 08/09 Flat 40.22 +1.1 40.12 48 4.9M 5.7M 37.31
Buy Not Hit. Bounced off the 10 day MVA for an excellent move on strong volume. It is starting the move and it is a buy here on a further move on continued strong volume.

DIS 08/09 Test 50 20.3 -0.42 22.06 26.48 16M 9M 21.12
Diving below the 50 day MVA on volume. Not good at all. If it cannot hold 20 and recover the 50 day, it is an exit for any positions.

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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.

trade stock
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