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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS
Good movers Thursday: ESPR; NXG; TEO
NEW PLAYS:
Upside:
Play Date: 10/30/2003
EGHT (8x8, Inc.--$1.9; +0.17; no options): Telecom equipment
http://biz.yahoo.com/p/e/eght.html
STATUS: Cup. EGHT exploded out of a flat base in August and put on a 5x move. It hit 2 and then started the current 7 week base that used the 50 day MVA (1.44) as support. That is good action as it shows big money coming in at that level. Accumulation in the short base is a strong 3 to 0 (3 up weeks on rising volume to 0 down weeks on rising volume). Money flow is strong and relative strength is ready to breakout. It may form a handle at this point, a lateral and slightly lower move on lower volume where it shakes out the last sellers. May. We are setting our buy point over the recent highs wehre it would find resistance before breakign out if it was going to form a handle. We will look for positions if it moves through that point on strong trade, handle or not.
Volume: 634.909K Avg Volume: 548.863K
BUY POINT: $2.02 Volume=823K Target=$2.74 Stop=$1.85
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/eght.html
Play Date: 10/30/2003
FALC (Falconstar Software--$7.59; +0.48; optionable): PC data storage devices
http://biz.yahoo.com/p/f/falc.html
STATUS: Cup w/handle breakout. Making the breakout from an 18 week cup with handle base. Positive accumulation and a relative strength breakout on the move. Need to see more volume to move in, but we like that is has plenty of room to run higher without having to make a new high or hit major resistance before it makes our gain for us.
Volume: 170.092K Avg Volume: 153.409K
BUY POINT: $7.74 Volume=230K Target=$9.35 Stop=$7.18
POSITION: XMQ BU - Feb. $7.50c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/falc.html
Play Date: 10/30/2003
MKTY (Mechanical Technology--$6.61; +0.5; no options): Scientific & technical instruments
http://biz.yahoo.com/p/m/mkty.html
STATUS: Ascending triangle. MKTY is making the breakout move from a 5 week base sporting solid 2 to 0 accumulation. This base follows a 3.5 month flat base that yielded a huge late September breakout. Looks as if it is starting the run again as it jumped higher Thursday on a tremendous volume surge. Nice relative strength breakout shows the move is solid.
Volume: 553.674K Avg Volume: 112.09K
BUY POINT: $6.72 Volume=200K Target=$8.08 Stop=$6.21
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/mkty.html
WATCHLIST/ CONTINUING:
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.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
^SOXX 10/25 Test 50 498.36 +2.13 463.17 492 1.2M 1.1M 479.98
Current. Continue to move up the 10 day MVA. Tapped 505.79 at the day's high, but gave it back.
ABMD 10/06 Test BO 9.03 +0.05 9.12 10.95 83K 175K 8.48
Buy Not Issued.
ACN 09/24 Test 50 23.7 +0.09 22.62 27.15 2.1M 3.4M 22.12
Current.
ADVP 10/25 A Wedge 50.51 -2.31 49.59 59.38 1.9M 3.1M 46.81
Current.
AKAM 10/21 Cup hdl 8 +2.04 6.42 8 29M 2.4M 5.88
Buy Not Issued.
ARIA 09/11 Test BO 6.85 -0.05 5.08 6.28 367K 600K 6.36
Current.
ASL 10/21 Cup hdl 10.9 -0.37 11.62 14.22 1.6M 1.3M 10.81
Buy Not Issued.
ASML 10/27 Rv H&S 17.29 +0.07 16.78 19.55 4.9M 6.1M 15.78
Current.
BRCM 10/04 Cup hdl 32.4 +0.02 29.91 35.88 8.3M 20M 29.94
Current.
BRLI 10/20 Cup hdl 16.26 -1.39 13.45 16.22 913K 212K 14.32
Current.
CELL 07/21 Cup hdl 26.22 -1.03 12.83 15.51 946K 225K 24.68
Current.
CKSW 10/25 Test BO 3.1 +0.02 3.08 4.05 610K 300K 2.81
Buy Not Issued.
CORI 10/27 Test BO 6.42 +0.41 6.25 7.85 1.2M 550K 5.81
Current.
CRA 10/28 Cup hdl 13.27 -0.17 13.62 16.35 375K 747K 12.58
Buy Not Hit.
CVM 10/20 Test BO 1.36 -0.16 1.61 2.05 1.4M 900K 1.38
Exited.
CVM 09/29 Cup hdl 1.36 -0.16 1.17 1.56 1.4M 900K 1.38
Exited.
CY 09/22 FlyPlat 21.74 -0.07 19.75 23.65 4.3M 3.8M 19.42
Current.
DGII 10/08 Test BO 9.44 +0.02 8.75 10.62 86K 167K 8.43
Current.
EFII 09/15 FlyPlat 27.06 -0.28 24.25 29.15 521K 677K 24.88
Current.
EGOV 10/07 Test BO 5.07 -0.16 5.07 6.35 328K 264K 4.96
Current.
EMBT 10/06 Flat 12.67 +0.12 11.24 13.38 298K 350K 11.66
Current.
EMBT 07/26 Cup hdl 12.67 +0.12 9.33 11.12 298K 400K 11.66
Current.
ESPR 10/23 BO 24.79 +0.8 23.05 27.92 620K 600K 21.44
Current.
ESV 10/18 Put 25.76 +0.26 26.08 24 1.4M 2M 26.62
EVCI 10/20 Cup hdl 3.96 -0.19 3.4 4.38 121K 125K 3.21
Current.
FCFS 10/27 A Wedge 25.49 -0.22 25.6 30.62 180K 250K 23.81
Current.
GBN 10/22 Cup 1.86 -0.01 1.86 2.42 560K 300K 1.68
Current.
GISX 10/25 Cup hdl 28.8 +0.31 27.88 33.32 109K 302K 26.32
Current.
IDTI 10/29 Rv H&S 16.28 +0.21 16.45 19.75 2.3M 3.3M 15.18
Current. Was moving nicely but got caught in some of the late
selling. Still looks solid.
IFLO 09/22 Test BO 14.34 +0.68 11.29 13.55 294K 375K 11.84
Current.
IFLO 09/09 Flat 14.34 +0.68 9.62 11.52 294K 426K 11.84
Current.
ILXO 10/28 Dbl btm 20.79 -0.28 21.42 25.75 303K 692K 19.72
Buy Not Issued.
KOSP 10/29 Cup 39.59 -0.21 40.25 48.32 478K 727K 37.28
Buy Not Issued.
LENS 10/29 A Wedge 13.35 +0.15 13.17 15.78 1.3M 750K 12.18
Current.
MANU 10/11 Test BO 6.59 -0.11 6.77 8.15 936K 1.4M 6.27
Current.
MCHP 10/21 Rv H&S 32.37 -0.27 30.5 34.75 4.7M 4M 28.18
Current.
MER 10/06 Flat 58.84 +0.5 58.6 67.25 5M 6.5M 55.03
Current.
NTES 10/24 Test 50 45.6 -5.04 64.25 75 11M 5M 60.45
Exited.
NUFO 09/29 Cup hdl 5.16 -0.05 4.82 5.95 390K 1.2M 4.98
Current.
NXG 10/15 Cup 2.05 +0.1 1.89 2.48 1.9M 684K 1.78
Current.
ORBK 10/14 DB hdl 24.49 +0.39 24.31 29 287K 200K 22.89
Current.
PBY 10/23 Cup hdl 19.77 +0.15 19 22.88 415K 932K 17.96
Current.
PIXR 10/14 Put 69.61 -0.3 68.44 65 251K 600K 69.15
RBK 09/24 DB hdl 39.06 +0.09 34.46 41.35 632K 1.1M 36.48
RETK 10/06 A Wedge 10.17 -0.02 8.49 10.25 771K 776K 9.34
Current.
RHAT 09/18 Cup hdl 15 +0.17 10.03 12.22 4.7M 2.8M 12.35
Current.
RNDC 09/23 Cup hdl 3 0 3.23 4.04 472K 559K 2.92
Current.
SOHU 10/24 Dbl btm 35.74 -0.43 37.69 45 6.3M 9M 34.85
Current.
SVNT 10/18 Test BO 5.9 -0.14 6.38 7.98 346K 678K 5.93
Buy Not Hit.
TARO 10/08 Cup hdl 63.72 -1.23 61.51 73 600K 501K 61.32
Current.
TEO 10/27 Cup hdl 7.8 +0.19 7.26 9 675K 511K 6.84
Current.
TMWD 10/01 Test 18 6.62 -0.19 6.3 7.98 135K 627K 6.55
Current.
TUTS 10/29 A Wedge 5.5 -0.56 6.28 7.72 350K 175K 5.84
Buy Not Hit.
TZA 07/31 Cup hdl 8.09 -0.05 7.1 8.72 834K 579K 7.88
Current.
VLNC 10/29 Cup hdl 4.01 -0.14 4.28 5.55 284K 396K 3.98
Buy Not Hit.
Good Investing!
Jon L. Johnson and your Technical Traders Report Team
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 in 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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