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stock recommendation, stock option
Begin part 3 of 3
Agin we apologize for the delays. A powerful storm knocked out power and the cable tonight and delayed us approximately two hours.
THE PLAYS
Good movers Thursday: ARTG; MRVC; NEOF; NSM; PLL; YHOO (bonus)
Wednesday night play results:
MRVC: Blasting higher on strong trade.
NVAX: Still tightening up in a very nice pattern.
AVNX: Tried to continue the move but could not make any hay after a gap higher.
New Plays for Friday:
Upside:
Play Date: 09/04/2003
DCLK (Doubleclick--$12.56; +1.07; optionable): Internet services
http://biz.yahoo.com/p/d/dclk.html
STATUS: Breakout. DCLK is making the breakout from an 8 week double bottom pattern sporting solid 4 to 0 accumulation (4 up price weeks on rising volume to 0 down price weeks on rising volume). This short base is actually the handle to a much longer 18 month base that started back in March of 2002. Either way you look at it, the accumulation is solid as is the breakout move Thursday on a very strong volume surge. Money flow has been moving up ahead of price and relative strength broke out on the Thursday move. We are looking to move in on a further break higher.
Volume: 3.676M Avg Volume: 1.5M
BUY POINT: $12.68 Volume=2.2M Target=$15.22 Stop=$11.72
POSITION: QWE AV - Jan. $12.50c (56 delta) &/or Stock
http://www.investmenthouse.com/cd/dclk.html
Play Date: 09/04/2003
SAPE (Sapient--$3.6; +0.01; no options): Business software services
http://biz.yahoo.com/p/s/sape.html
STATUS: Cup. SAPE looks to be trying to start a handle to its 2 month cup base. After surging off of the bottom of the base near 3 Tuesday and Wednesday, SAPE held steady Thursday on much lower trade. Accumulation in the short base is excellent at 4 to 0. Excellent money flow leading the stock higher, and relative strength is ready for the breakout. We expect SAPE to move laterally for two to three sessions to form the handle, but we wanted to be ready in the event it started higher again. Software is the current hot tech area before chips revived Thursday, and SAPE is forming up well.
Volume: 928.8K Avg Volume: 750K
BUY POINT: $3.78 Volume=1.1M Target=$4.75 Stop=$3.39
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/sape.html
Continuing plays that look ready:
Play Date: 08/18/2003
SINA (Sina.com--$34.04; +1.27; optionable): China internet
http://biz.yahoo.com/p/s/sina.html
STATUS: Cup. SINA is in the process of forming a 6 week cup, testing its recent move over the 18 day MVA (31.75) and rebounding Thursday. Looks ready to make the next move toward the top of the base at 38 where it may form a handle, and we will look at adding some positions as it clears the recent highs.
Volume: 7.673M Avg Volume: 7.781M
BUY POINT: New: $34.76 (orig. $32.20). Volume=10M Target=$38.25 Stop=$31.22
POSITION: NOQ LF - Dec. $30c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/sina.html
Play Date: 09/04/2003
YHOO (Yahoo!--$34.83; +1.26; optionable): Internet portal, information
http://biz.yahoo.com/p/y/yhoo.html
STATUS: Reverse head & shoulders. We have kept an eye on YHOO after it gave us that huge run up into July. It ahs since formed a nice two month base showing positive 2 to 1 accumulation. After a short breather Wednesday on its move up off the 18 day MVA (now at 32.40), YHOO broke higher Thursday on strong trade. Still a buy at this point on a further move on continued solid volume.
Volume: 15.276M Avg Volume: 12.243M
BUY POINT: $34.90 Volume=20M Target=$42 Stop=$32.46
POSITION: YHQ AG - Jan. $35c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/yhoo.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
KKD 08/09 Cup hdl 42.76 -0.88 45.08 54.25 791K 1M 45.98
Current. Pull back to hold at the exponential 50 day MVA on lower volume. Looking for a rebound to exit the play.
LPNT 08/09 Rv H&S 28.57 +0.82 29.06 35 535K 1.3M 27.03
Buy Not Issued. Bounced off the 18 day MVA to close above the 10 day MVA on lower volume.
TGT 08/09 Flat 40.75 -0.79 41.45 50 3.7M 5.7M 39.28
Current. Gapped down at the open then tested the 10 day MVA to rebound but still close down on higher volume.
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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.
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stock recommendation
stock option
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