trade stock, stock trading site

Begin part 3 of 3

THE PLAYS

Good movers Monday: ARIA; ASML; BRCM; EGHT; EGOV; EMBT; GBN; MANU; MCHP; TEO; TRPH; WFII

Best Plays:

1) SCKT: Strong volume move toward a breakout.
2) PLXS: Nice double bottom over the 50 day MVA.
3) AMX: Big breakout underway.
4) FCFS: Ready to resume the move.
5) KOSP: Forming a nice handle.
6) LENS: Nice breakout test underway.
7) ASCA: Making a weak rebound attempt.

NEW PLAYS:

Upside:

Play Date: 11/03/2003
AMX (America Movil--$25; +1.2; optionable): Wireless telecom
http://biz.yahoo.com/p/a/amx.html
STATUS: Flat base breakout. AMX is making its breakout move from a 10 week flat base that formed over the 50 day MVA (22.90). Excellent 5 to 1 accumulation in the pattern, indicating that the big money has been accumulating the stock. Money flow is strong and relative strength is breaking out with the stock. Very strong volume on the move. The base was flat and tight, and this move looks as if it has kicked off the next strong leg higher.
Volume: 3.851M Avg Volume: 1.278M
BUY POINT: $25.12 Volume=1.9M Target=$29.55 Stop=$23.55
POSITION: AMX BE - Feb. $25c (53 delta) &/or Stock
http://www.investmenthouse.com/ct/amx.html

Play Date: 11/03/2003
NEOF (Neoforma--$16.29; +0.45; optionable): Internet services
http://biz.yahoo.com/p/n/neof.html
STATUS: Double bottom. NEOF is moving up on an 8 week pattern that is a type of base we call a flying W. That is where the right leg does not undercut the left leg before it starts to rally. Indeed, NEOF held the 50 day MVA (14.73) on the right leg and started this move. Excellent 4 to 0 accumulation in the base, strong money flow. It may move into a lateral handle from here if it does not get a strong volume surge. That is fine; we can let it move laterally over 16ish and then blast higher. If it makes the move here on volume, that is fine as well. With this accumulation we like what we see.
Volume: 77.546K Avg Volume: 100.954K
BUY POINT: $16.58 Volume=151K Target=$19.95 Stop=$15.42
POSITION: QZX DC - Apr. $15c (69 delta) &/or Stock
http://www.investmenthouse.com/ct/neof.html

Play Date: 11/03/2003
PLXS (Plexus--$17.94; +0.59; optionable): Printed circuit boards
http://biz.yahoo.com/p/p/plxs.html
STATUS: Double bottom w/handle. PLXS has set up a nice 7 week base, now working on the handle, the lateral and lower move as it tests back on lower volume to shakeout the last sellers. Accumulation in the base is a solid 3 to 1. Relative strength is ready to make the breakout with the stock, a good sign of strength. Very nice action as it held over the 50 day MVA (16.59) on the lows while it stalls below 18. Monday volume was back up as PLXS held the 18 day MVA (17.25) in the handle and looks ready to make the breakout move.
Volume: 319.402K Avg Volume: 351.681K
BUY POINT: $18.44 Volume=528K Target=$22.15 Stop=$17.15
POSITION: QUA CW - Mar. $17.50c (60 delta) &/or Stock
http://www.investmenthouse.com/ct/plxs.html

Play Date: 11/03/2003
SCKT (Socket Communications--$3.34; +0.33; no options): PC networking
http://biz.yahoo.com/p/s/sckt.html
STATUS: Cup w/handle. A very nice 12 week base that formed over the 50 day MVA (2.73), SCKT started off the bottom of the handle that held the 18 day MVA (2.98) and then started higher with a very strong volume surge. Strong 4 to 2 accumulatoin in the pattern with a tremendous surge in money flow. Ready for the breakout move.
Volume: 968.26K Avg Volume: 325.772K
BUY POINT: $3.52 Volume=526K Target=$4.45 Stop=$3.23
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/sckt.html

CONTINUING PLAYS:

Upside:

Play Date: 10/06/2003
ABMD (Abiomed--$8.99; +0.09; optionable): Medical instruments
http://biz.yahoo.com/p/a/abmd.html
STATUS: Flying plateau. A Carli Simon stock: anticaption. It is still moving laterally in very low volume, holding over the 18 day MVA (8.83). This is the consolidation of a big break higher in late September out of a 4 month cup with handle base. Good indications, tight pattern, and that usually leads to a strong breakout.
Volume: 32.15K Avg Volume: 106.318K
BUY POINT: $9.12 Volume=175K Target=$10.95 Stop=$8.48
POSITION: IBU LU - Dec. $7.50c (73 delta) &/or Stock
http://www.investmenthouse.com/ct/abmd.html

Play Date: 10/28/2003
CRA (Applera--$13.59; +0.22; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/c/cra.html
STATUS: Cup w/handle. CRA started to make the next move from its 5 month base after breaking out early last week. Volume shot up as it started higher Monday, but it could not hold all of the gain. Money flow is racing higher and relative strength is breaking out. Outstanding 8 to 3 accumulation. Ready to make the breakout.
Volume: 613.353K Avg Volume: 504K
BUY POINT: $13.62 Volume=747K Target=$16.35 Stop=$12.58
POSITION: CRA CV - Mar. $12.50c (71 delta) &/or Stock
http://www.investmenthouse.com/ct/cra.html

Play Date: 10/30/2003
FALC (Falconstar Software--$7.66; +0.14; optionable): PC data storage devices
http://biz.yahoo.com/p/f/falc.html
STATUS: Cup w/handle. Tried the breakout Friday but could not hold the move. It was drifting higher Monday on lower, below average volume, well off the Friday pace. Need to see a lot better volume in the 4 month base breakout attempt.
Volume: 118.261K Avg Volume: 157.681K
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: 10/27/2003
FCFS (First Cash Financial--$25.7; +0.6; no options): Pawn shops
http://biz.yahoo.com/p/f/fcfs.html
STATUS: Ascending triangle. FCFS made the break from its 7 week base last Monday on strong trade but then moved laterally below 26. After a brief test of the 10 day MVA (24.64) it looks as if it is ready to make the next move as volume shot back up Monday and it banged up against 26. A move thorugh that level is the buy point.
Volume: 262.486K Avg Volume: 146.272K
BUY POINT: New: $26.12 (orig. $25.60) Volume=250K Target=$30.62 Stop=$24.31
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/fcfs.html

Play Date: 11/01/2003
INGP (Instinet Group--$6.26; +0.08; optionable): Electronic trading service
http://biz.yahoo.com/p/i/ingp.html
STATUS: Cup w/handle. Gapped up sharply Monday in a continuation of its breakout move, but then gave it all back. It is still very solid in its 15 week base sporting outstanding 7 to 2 accumulation with surging money flow and a relative strength breakout. Looking for it to hold the breakout and start back up from here on continued volume.
Volume: 1.934M Avg Volume: 602.09K
BUY POINT: $6.36 Volume=903K Target=$7.92 Stop=$5.91
POSITION: UAU BA - Feb. $5c (82 delta) &/or Stock
http://www.investmenthouse.com/ct/ingp.html

Play Date: 10/29/2003
KOSP (KOS Pharmaceuticals--$40; +0.04; optionable): Drugs
http://biz.yahoo.com/p/k/kosp.html
STATUS: Cup w/handle. Still working on a handle to its 6 week base sporting strong 3 to 1 accumulation. This is the action we wanted to see to set the next surge higher. Strong money flow continues to rise as the price moves laterally.
Volume: 326.926K Avg Volume: 492.818K
BUY POINT: $40.25 Volume=727K Target=$48.32 Stop=$37.48
POSITION: KQW BH - Feb. $40c (55 delta) &/or Stock
http://www.investmenthouse.com/ct/kosp.html

Play Date: 10/29/2003
LENS (Concord Camera--$12.81; -0.03; optionable): Easy to use image capture products.
http://biz.yahoo.com/p/l/lens.html
STATUS: Breakout test. LENS blasted off Wednesday on strong volume and has come back to test the breakout on lower, below average volume. Monday it showed a doji at the breakout point, an indication it is ready to resume the move.
Volume: 384.209K Avg Volume: 418K
BUY POINT: $13.17 Volume=750K Target=$15.78 Stop=$12.18
POSITION: DVU BV - Feb. $12.50c (64 delta) &/or Stock
http://www.investmenthouse.com/ct/lens.html

Play Date: 10/30/2003
MKTY (Mechanical Technology--$6.51; -0.09; no options): Scientific & technical instruments
http://biz.yahoo.com/p/m/mkty.html
STATUS: Ascending triangle. Still testing the breakout move, tapping the 10 day MVA (6.22) on the low and reboudning slightly. Volume has backed off on the test just as it should. Still a very strong pattern showing solid 2 to 0 accumulation. This base follows a 3.5 month flat base that yielded a huge late September breakout. Looks ready to make the next move.
Volume: 154.618K Avg Volume: 125K
BUY POINT: $6.72 Volume=200K Target=$8.08 Stop=$6.21
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/mkty.html

Play Date: 09/29/2003
NUFO (New Focus--$5.2; +0.01; no options): Semiconductor integrated circuits
http://biz.yahoo.com/p/n/nufo.html
STATUS: Testing the breakout. NUFO broke out of consecutive cup with handle bases, the first in June, the second in early October. It rallied to 5.50 on that second breakout and is testing the move with a nice, below average volume pullback to the 18 day MVA (5.11). Money flow is surging higher even as NUFO tests back. Getting ready to move.
Volume: 251.883K Avg Volume: 874K
BUY POINT: New: $5.32 (orig. $4.82) Volume=1.2M Target=New positions: $6.38; orig. positions $5.95 Stop=$4.98
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/nufo.html

Play Date: 10/06/2003
RETK (Retek--$10.1; +0.08; optionable): Internet software services
http://biz.yahoo.com/p/r/retk.html
STATUS: Test breakout. Wild action Monday, falling to the 18 day MVA (9.53) on the low and then shooting back up as volume moved back above average. That shows buyers were ready to come back in as the stock pulled back, taking advantage of the lower price. RETK broke from a 4 month ascending triangle in early October, rallying to 11 on the high. After this test it looks ready to make the next move.
Volume: 918.321K Avg Volume: 548.409K
BUY POINT: New: $10.58 (orig. $8.49) Volume=776K Target=New positions: 12.72 (orig. positions $10.25) Stop=$9.72
POSITION: QRD AU - Jan. $7.50c (66 delta) &/or Stock
http://www.investmenthouse.com/ct/retk.html

Downside:

Play Date: 11/01/2003
AAI (Airtran Holdings--$16.58; +0.37; optionable): Regional airlines
http://biz.yahoo.com/p/a/aai.html
STATUS: Head and shoulders. Tried to rally Monday, but volume fell back below average after the big volume break below the 50 day MVA (16.45) Friday. AAI formed the left shoulder in September, rallied over 20 in early October to form the head, and is now rolling over to form the right shoulder. Money flow is tanking and AAI is under heavy distribution. Looking for a further drop on volume to enter the play for a run to 14 as the initial target, but we are looking at 13 as well.
Volume: 1.611M Avg Volume: 1.827M
BUY POINT: $16.04 Volume=250K Target=$14 Stop=$16.62
POSITION: AAI XW - Jan. $17.50p (-66 delta)
http://www.investmenthouse.com/cd/aai.html

Play Date: 11/01/2003
ASCA (Ameristar Casinos--$21.29; +0.17; optionable): Ameristar Casinos
http://biz.yahoo.com/p/a/asca.html
STATUS: Put. Gapped higher but was struggling on lower volume. After that massive tank below the 50 day MVA (24.02) this was another weak rebound attempt. Money flow is diving and it is under heavy distribution. Looking for it to continue down from here toward our initial target. If it is selling hard when it hits that level we will be inclined to let sell on down toward the 200 day MVA at 17.55.
Volume: 213.631K Avg Volume: 123.272K
BUY POINT: $20.92 Volume=185K Target=$18.85 Stop=$22.08
POSITION: UWT XX - Dec. $22.50p (-65 delta)
http://www.investmenthouse.com/ct/asca.html

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.

trade stock
stock trading site