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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS
Good movers Thursday: AMXC; ASML; CORI; EMBT; INGP; JBL; EGOV; EGHT
NEW PLAYS:
Upside:
Play Date: 11/06/2003
CASY (Caseys General Stores--$16.10; +0.42; no options): General stores
http://biz.yahoo.com/p/c/casy.html
STATUS: Reverse head and shoulders. CASy is ready to make the breakout from its nice little 9 week accumulation pattern, rallying this past week on some strong trade. A bit erractiv, but looks ready to make the breakout. Accumulation in the pattern is 4 to 2 (4 up weeks on rising volume to 2 down weeks on risign volume) and money flow is surging as well. Relative strength is moving up for the breakout to add to the support for the move when it occurs. Retail is doing well and is going to do well in the coming quarter as the economy recovers further.
Volume: 204.689K Avg Volume: 125.59K
BUY POINT: $16.26 Volume=200K Target=$20 Stop=$15.35
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/casy.html
Play Date: 11/06/2003
LNUX (VA Software--$5.12; +0.06; optionable): Application development software
http://biz.yahoo.com/p/l/lnux.html
STATUS: Ascending triangle. LNUX is moving through an 8 week base that is walking up the 50 day MVA (4.52), using that level as support for higher and higher lows as it works up toward resistance at 5.50. Accumulation is an excellent 3 to 0 in the base and there is solid money flow to boot. The pattern is tightening up very nicely over the 18 day MVA (4.96), showing a doji the past two sessions. Looking for a strong breakout from here. We are looking at agreessive positions, but a more conservative and yet solid breakout over 5.55 is good as well.
Volume: 1.054M Avg Volume: 2.805M
BUY POINT: Aggressive: $5.38 Breakout: 5.58 Volume=3M Target=$6.99 Stop=$4.95
POSITION: UKF BA - Feb. $5c (64 delta) &/or Stock
http://www.investmenthouse.com/ct/lnux.html
WATCHLIST/ CONTINUING: This week the summary table breaks out the upside and downside plays into different sections labeled accordingly.
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.
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ABMD 10/06 Test BO 8.59 -0.18 9.12 10.95 32K 175K 8.48
Buy Not Issued.
ACN 09/24 Test 50 24.4 +0.1 22.62 27.15 1.6M 3.4M 22.71
Current.
ADVP 10/25 A Wedge 51.72 +0.11 49.59 59.38 609K 3.1M 49.44
Current.
AMX 11/03 Flat 25.28 +0.3 25.12 29.55 1.4M 1.9M 23.55
Buy Not Issued.
AMXC 11/05 Cup hdl 6.6 +0.72 6.27 8.12 563K 151K 5.83
Current.
ARIA 11/01 A Wedge 7.44 +0.24 7.56 8.98 254K 694K 6.96
Current.
ARIA 09/11 Test BO 7.44 +0.24 5.08 6.28 254K 600K 6.61
Current.
ASL 10/21 Cup hdl 11 -0.19 11.62 14.22 541K 1.3M 10.81
Buy Not Issued.
ASML 10/27 Rv H&S 18.91 +0.96 16.78 19.55 5.8M 6.1M 17.36
Current.
BRCM 10/04 Cup hdl 35.27 +0.81 29.91 35.88 10M 20M 33.05
Current.
BRLI 10/20 Cup hdl 17 -0.41 13.45 16.22 246K 212K 16.12
Current.
CELL 07/21 Cup hdl 26.57 -0.83 12.83 15.51 585K 225K 25.92
Current.
CKSW 10/25 Test BO 3.52 -0.11 3.61 4.58 558K 300K 3.15
Current.
CORI 10/27 Test BO 6.8 +0.4 6.25 7.85 797K 550K 6.08
Current.
CPHD 11/05 A Wedge 5.89 0 6.03 7.38 489K 338K 5.48
Buy Not Issued.
CRA 10/28 Cup hdl 13.27 +0.1 13.62 16.35 2.1M 747K 12.58
Buy Not Issued.
CY 09/22 FlyPlat 23.06 0 19.75 23.65 2.8M 3.8M 21.18
Current.
DGII 10/08 Test BO 7.6 -1.87 8.75 10.62 1.3M 167K 9.05
Exited.
EFII 09/15 FlyPlat 26.59 -0.16 24.25 29.15 426K 677K 26.33
Current.
EGHT 10/30 Cup 2.46 +0.26 2.15 2.91 1.1M 823K 2.05
Current.
EGOV 10/07 Test BO 6.33 +0.33 5.07 6.35 1.2M 264K 5.68
Current.
EMBT 10/06 Flat 13.91 +0.51 11.24 13.38 264K 350K 12.88
Current.
EMBT 07/26 Cup hdl 13.91 +0.51 9.33 11.12 264K 400K 12.88
Current.
EVCI 10/20 Cup hdl 5.15 +0.16 3.4 4.38 201K 125K 4.36
Current.
FALC 10/30 Cup hdl 8.59 +0.19 8.04 9.65 615K 230K 7.65
Current.
FCFS 10/27 A Wedge 26.08 +0.27 25.6 30.62 99K 250K 24.31
Current.
GBN 10/22 Cup 2.03 -0.18 1.86 2.42 518K 300K 1.77
Current.
GISX 10/25 Cup hdl 28.5 -0.27 27.88 33.32 218K 302K 27.72
Current.
IDTI 10/29 Rv H&S 16.95 +0.5 16.45 19.75 2.4M 3.3M 15.18
Current.
IFLO 09/22 Test BO 14.97 +0.27 11.29 13.55 207K 375K 13.36
Current.
IFLO 09/09 Flat 14.97 +0.27 9.62 11.52 207K 426K 13.36
Current.
ILXO 10/28 Dbl btm 21.49 -0.01 21.42 25.75 279K 692K 19.72
Buy Not Issued.
INGP 11/01 Cup hdl 6.64 +0.52 6.74 8.32 1.5M 903K 6.27
Current.
JBL 11/04 DB hdl 30.93 +0.81 30.65 36.78 2.9M 2.2M 28.58
Current.
KOSP 10/29 Cup 44.8 +0.75 40.58 48.68 520K 727K 37.48
Buy Not Issued.
LENS 10/29 A Wedge 10 -3.95 13.17 15.78 5.2M 750K 12.18
Current. Gapped sharply lower to support at 10 and sat there.
Will see if it gives a bounce up toward 50 day MVA
near 11.
MANU 10/11 Test BO 7.59 +0.25 6.77 8.15 802K 1.4M 6.43
Current.
MCHP 10/21 Rv H&S 34.79 +0.76 30.5 34.75 3.2M 4M 32.32
Target Hit. Took half of the 60% option gain on this solid move.
MER 10/06 Flat 59.86 +0.79 58.6 67.25 3.8M 6.5M 58
Current.
MKTY 10/30 A Wedge 5.99 -0.58 6.79 8.17 212K 200K 6.31
Exited.
NEOF 11/03 A Wedge 16.05 -0.16 16.58 19.95 15K 151K 15.42
Buy Not Hit.
NSCN 11/05 DB hdl 26.26 -0.28 27.12 32.55 1.1M 2.9M 25.22
Buy Not Issued.
NUFO 09/29 Cup hdl 5.04 -0.13 4.82 5.95 224K 1.2M 4.98
Current.
NXG 10/15 Cup 1.91 -0.09 1.89 2.48 1.1M 684K 1.92
Current.
PBY 10/23 Cup hdl 19.95 +0.25 19 22.88 352K 932K 18.62
Current.
PLXS 11/03 DB hdl 19.29 +0.7 19.06 22.75 307K 528K 17.88
Current.
QCOM 11/05 Test BO 46.66 +0.07 47.75 57.25 13M 14M 45.72
Buy Not Hit.
RBK 09/24 DB hdl 39.83 +0.12 34.46 41.35 415K 1.1M 38.88
RETK 10/06 A Wedge 11.12 +0.51 8.49 10.25 909K 776K 10.22
Current.
SCKT 11/03 Cup hdl 3.79 -0.18 3.61 4.55 640K 526K 3.36
Current.
SCMR 11/04 A Wedge 5.85 +0.22 5.39 6.72 3.6M 3M 5.12
Current.
SOHU 10/24 Dbl btm 33.29 -1.06 37.69 45 2.8M 9M 34.85
Current.
SVNT 10/18 Test BO 6 +0.05 6.38 7.98 346K 678K 5.93
Buy Not Hit.
TARO 10/08 Cup hdl 67.5 +0.62 61.51 73 167K 501K 62.52
Current.
TEO 10/27 Cup hdl 8.35 -0.03 7.26 9 765K 511K 7.24
Current.
TRPH 11/01 A Wedge 5.1 -0.14 5.31 6.62 799K 1.8M 4.85
Current.
TZA 07/31 Cup hdl 8.64 +0.29 7.1 8.72 609K 579K 8.16
Current.
WFII 10/31 Cup hdl 15.58 -2.66 17.24 20.62 2.5M 1M 15.96
Exited.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAI 11/01 H&S 16.42 +0.17 16.04 14 947K 250K 16.62
Buy Not Issued.
ASCA 11/01 Put 20.59 +0.3 20.27 18.85 188K 185K 21.25
Current.
PIXR 10/14 Put 70.16 +0.2 68.44 65 486K 600K 69.15
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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