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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Monday: AVNX; BDY; DCEL; KYPH; LNUX; MLHR; NTOP; NVAX; SKYW; TQNT; SPIL
Weekend play results:
AUDC: Strong price move but not enough volume on the move.
SKYW: Starting the move and looks ready.
SMTC: Could not get the volume it needed.
ADI: Not bad but still low volume.
New Plays for Tuesday:
Upside:
Play Date: 09/08/2003
FSII (FSI International--$5.19; +0.24; no options): Chip equipment
http://biz.yahoo.com/p/f/fsii.html
STATUS: Cup w/handle. FSII is working through a 8 month base showing solid 9 to 5 accumulation (9 up weeks on rising volume to 5 down weeks on rising volume). It has formed a second, smaller cup base the past 5 weeks, using the 50 day MVA (4.42) as support. The stock has moved up off the 50 day on stronger volume, folliwng surging money flow higher. Very strong trade Monday, and we are looking for a continuation of this move to provide the breakout.
Volume: 513.8K Avg Volume: 213.454K
BUY POINT: $5.25 Volume=320K Target=$6.72 Stop=$4.78
POSITION: - Stock (Sept. options only)
http://www.investmenthouse.com/cd/fsii.html
Play Date: 09/08/2003
SWIR (Sierra Wireless--$11.3; +1.39; no options): Wireless modems, etc.
http://biz.yahoo.com/p/s/swir.html
STATUS: Breakout. SWIR blasted higher Monday, moving up off the 10 day MVA (9.99) Monday ona a strong shot of above average volume. The move takes it out of a short 5 week double bottom w/handle base. This base follows the breakout from a 5 month base and rally up the short term MVA. It needed this rest, and now it looks to continue the move. Super money flow and a relative strength breakout. A leader in the wireless sector and we are looking to start new positions on a further move. Positive accumulation at 2 up weeks on rising volume to 1 down week on rising volume.
Volume: 643.881K Avg Volume: 424.954K
BUY POINT: $11.38 Volume=425K Target=$13.65 Stop=$9.96
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/swir.html
Continuing plays that look ready:
Play Date: 08/13/2003
PCOR (Pinnacor--$2.27; -0.03; no options): Internet service provider
http://biz.yahoo.com/p/p/pcor.html
STATUS: Cup with handle. PCOR is still working in the handle of its 17 month base, the handle being a nice, tight and falt 1.5 month move over the 18 day MVA (2.24). Volume has dried up the past two weeks just as it should. Super money flow and accumulation as PCOR looks very solid. Volume has started to edge higher but it needs to breakout on very strong trade.
Volume: 96.913K Avg Volume: 145.045K
BUY POINT: $2.46 Volume=225K Target=$3.12 Stop=$2.18
POSITION: - Stock (No option chain)
http://www.investmenthouse.com/cd/pcor.html
Play Date: 08/28/2003
SPRT (Supportsoft--$9.1; +0.26; no options): Internet services
http://biz.yahoo.com/p/s/sprt.html
STATUS: Ascending triangle. Trying to make the breakout from the 2 month base, working up to the breakout point but not getting any volume on the move. Excellent money flow and accumulation as it makes a higher low above the 18 day MVA (8.50). Needs a good volume push here.
Volume: 266.775K Avg Volume: 621.818K
BUY POINT: $9.18 Volume=910K Target=$11.25 Stop=$8.15
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/sprt.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 40.15 +0.14 41.45 50 9.2M 5.7M 39.28
Current. Tested the simple 50 day MVA for a strong move up to close holding the 10 day MVA on strong volume. This is exactly what you want to see on a 50 day MVA test. On a run over 41 on continued strong trade.
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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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trade stock
stock recommendation
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