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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Many current plays are setting up very nicely with breakout tests.
Good movers Tuesday: AMZN; NVAX; PTN; QRSI; SBUX; SWIR; TXCC; YHOO; DRIV
Monday night play results:
ASTM: Gapped higher on strong volume.
SOX: Putting the put play on pushed it higher.
IMCO: Gapped higher on a huge volume surge.
SCMR: Tried to make the move but gave it all back.
YHOO: Nice break higher on strong volume.
New Plays for Wednesday:
Upside:
Play Date: 09/23/2003
AMI (Alaris Medical--$16.95; +0.65; no options): Medical appliances
http://biz.yahoo.com/p/a/ami.html
STATUS: Ascending triangle. AMI is a market leader, forming a series of bases and now forming another one the past three months over the 50 day MVA (15.87). It has been making higher lows moving up the 50 day with a constant high at 17. Accumulation in the pattern is soild at 2 to 0 (2 up weeks on rising volume to 0 down weeks on rising volume) with surging money flow. Volume Tuesday was rising though still below average as AMI posted a solid gain as it moved toward the breakout. Needs some strong volume to push it through the breakout point.
Volume: 133.1K Avg Volume: 256.954K
BUY POINT: $17.35 Volume=385K Target=$20.85 Stop=$16.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/ami.html
Play Date: 09/23/2003
TLCV (TLC Vision--$6.58; +0.27; optionable): Medical appliances
http://biz.yahoo.com/p/t/tlcv.html
STATUS: Cup w/handle. A very nice 7 week base showing strong 3 to 1 accumulation. It has spent the past week forming the handle to the base, rallying ot 7 on the intraday high and then coming back to bounce off the 18 day MVA (6.16) Tuesday to post a nice gain on rising volume. Money flow is ahead of price and relative strength looks ready to make the breakout. Looks ready.
Volume: 511.529K Avg Volume: 702.227K
BUY POINT: $7.08 Volume=1.1M Target=$8.54 Stop=$6.32
POSITION: TKU AA - Jan. $5c (82 delta) &/or Stock
http://www.investmenthouse.com/cd/tlcv.html
Continuing plays that look ready:
Play Date: 09/17/2003
NXTL (Nextel--$20.21; +0.44; optionable): Wireless telecom
http://biz.yahoo.com/p/n/nxtl.html
STATUS: Cup w/handle. NXTL looks ready to make the breakout move, rallying Tuesday on rising, above average volume and tapping just over the buy point on the high but backing off. It has fromed a very nice 9 week base with 4 to 1 accumulation. Solid buying ongoing, and we are looking for NXTL to follow this move with a strong breakout on continued rising volume.
Volume: 20.182M Avg Volume: 18.746M
BUY POINT: $20.28 Volume=24M Target=$24.35 Stop=$19.02
POSITION: FQC AD - Jan. $20c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/nxtl.html
Continuing plays that still look good: NXTL; TQNT; WMGI
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SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they set up well. Right now they are not performing too well with the exception of AVID.
AVID, DIS, GTRC, KKD, LPNT, OCR, TGT, UTSI
Play Date: 09/23/2003
UTSI (Utstarcom--$35.06; -1.96; optionable): Wireless communications
http://biz.yahoo.com/p/u/utsi.html
STATUS: Put. One of the wireless stocks that does not look good, UTSI double topped in July and August, and then thudded through the 50 day MVA (38.81) two weeks back it hit 35 and held, rallying back to test the 10 day MVA (37.10). That stopped the advance, however, and it has started to roll over. Tuesday UTSI fell harder, back to 35 on rising, above average volume. If it breaks through this support level it has open range toward 31.
Volume: 5.318M Avg Volume: 3.433M
BUY POINT: $34.88 Volume=5M Target=$31.78 Stop=$37.18
POSITION: UON WG - Nov. $35p (-46 delta)
http://www.investmenthouse.com/ci/utsi.html
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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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