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stock recommendation, stock option
Begin part 2 of 2
THE PLAYS
Good movers Thursday: ADVP; CPHD; IDTI; TZA; LTXX
NEW PLAYS:
Upside:
Play Date: 11/13/2003
SONS (Sonus Networks--$9.37; +0.41; optionable): Business software
http://biz.yahoo.com/p/s/sons.html
STATUS: Breakout. Volume jumped Thursday as SONS broke from an 11 week ascending triangle. It used the 50 day MVA (8.09) as the bottom, making a series of higher lows along that key support as it built a constant top near 9. Thursday it was racing over those highs on strong trade. Strong 3 to 0 accumulation in the base to set the foundation. Good breakout and looking to get in and ride it from here.
Volume: 12.28M Avg Volume: 4.557M
BUY POINT: $9.48 Volume=6.8M Target=$11.55 Stop=$8.77
POSITION: UJS DB - Apr. $10c (52 delta) &/or Stock
http://www.investmenthouse.com/ct/sons.html
Play Date: 11/13/2003
AFOP (Alliance Fiber Optic--$2.7; +0.07; no options): Semiconductors
http://biz.yahoo.com/p/a/afop.html
STATUS: Test 18 day MVA. AFOP surged out of a flat base in October and ran to 2.80. It has come back to test the move, dropping to the 18 day MVA (2.37) on lower, below average volume. Afer two weeks it started back up Tuesday on volume. Thursday it rallied again on lower trade. Looks ready to continue the move and we are ready to move on as it does. Excellent 3 to 0 accumulation in the short, lateral test. Lots of buying, little selling. Money flow is running up ahead of price and relative strength is ready for the breakout.
Volume: 191.978K Avg Volume: 401.693K
BUY POINT: $2.84 Volume=400K Target=$3.72 Stop=$2.45
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/afop.html
CONTINUING PLAYS:
Upside:
Play Date: 11/05/2003
QCOM (Qualcom--$47.7; -0.11; optionable): Telecom equipment and licensing
http://biz.yahoo.com/p/q/qcom.html
STATUS: Testing the breakout. QCOM broke out of a 5 week base to end April, rallying to 48 and then moving laterally the past two weeks over the 18 day MVA (46.54) as it consolidates the move. Volume has backed way off as it should on a consolidation. It is tightening up the range between the 18 day MVA and 48 on the high. Looking for a strong, above average volume move over 48 to enter new positions.
Volume: 4.678M Avg Volume: 10.055M
BUY POINT: $48.12 Volume=14M Target=$57.25 Stop=$45.72
POSITION: AAO DW - Apr. $47.50c (50 delta) &/or Stock
http://www.investmenthouse.com/ct/qcom.html
Play Date: 10/27/2003
TEO (Telecom Argentina--$8.21; +0.23; no options): Foreign telecom
http://biz.yahoo.com/p/t/teo.html
STATUS: Testing the breakout. Thursday TEO started higher, mvoing off the 18 day MVA (7.75) on very strong trade. Continuing the rally and we are ready to move in for more positions.
Volume: 715.9K Avg Volume: 396.457K
BUY POINT: New: 8.28 (orig. $7.26) Volume=511K Target=$10 Stop=$7.82
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/teo.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.
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
^OEX 11/06 A Wedge 66.4 -1.2 523.15 545 231K 650K 518.55
Current.
ACN 09/24 Test 50 24.67 -0.61 22.62 27.15 2.7M 3.4M 22.71
Current.
ADVP 10/25 A Wedge 54 +2.15 49.59 59.38 1.3M 3.1M 49.68
Current.
AMX 11/03 Flat 26.1 +0.46 25.92 30.55 1.1M 1.9M 24.98
Current.
AMXC 11/05 Cup hdl 6.34 +0.12 6.27 8.12 46K 151K 5.92
Current.
ANT 11/10 A Wedge 35.58 -0.02 35.58 42.45 159K 561K 33.82
Current.
ASL 10/21 Cup hdl 12.32 -0.08 11.62 14.22 500K 1.3M 10.81
Buy Not Issued.
ASML 10/27 Rv H&S 18.56 -0.14 16.78 19.55 3.8M 6.1M 17.62
Current.
BRCM 10/04 Cup hdl 37.32 +0.03 29.91 35.88 8M 20M 33.05
Current.
BRLI 10/20 Cup hdl 17.84 -2.27 13.45 16.22 1.2M 212K 16.12
Current.
CAI 11/09 Test BO 50.43 +0.29 50.88 51 217K 581K 49.08
Buy Not Issued.
CASY 11/06 Rv H&S 16.4 +0.04 16.26 20 68K 200K 15.35
Buy Not Issued.
CKSW 10/25 Test BO 4.01 +0.11 3.61 4.58 722K 300K 3.22
Current.
CORI 10/27 Test BO 6.24 -0.09 6.25 7.85 970K 550K 6.08
Current.
CPHD 11/05 A Wedge 6.59 +0.3 6.15 7.52 615K 338K 5.52
Current.
CTEL 11/09 A Wedge 8.7 -0.1 9.62 11.62 100K 128K 8.95
Buy Not Hit.
CY 09/22 FlyPlat 22.15 -0.36 19.75 23.65 1.7M 3.8M 21.98
Current.
EGHT 10/30 Cup 3.42 -0.28 2.15 2.91 2.3M 823K 2.72
Current.
EGOV 10/07 Test BO 6.97 -0.03 5.07 6.35 268K 264K 6.44
Current.
EMBT 10/06 Flat 15.56 +0.42 11.24 13.38 609K 350K 13.12
Current.
EMBT 07/26 Cup hdl 15.56 +0.42 9.33 11.12 609K 400K 13.12
Current.
EVCI 10/20 Cup hdl 4.38 -0.17 3.4 4.38 92K 125K 4.44
Current.
FALC 10/30 Cup hdl 8.25 -0.15 8.04 9.65 59K 230K 7.72
Current.
GBN 10/22 Cup 2.15 0 1.86 2.42 514K 300K 1.89
Current.
GISX 10/25 Cup hdl 29.03 -0.58 27.88 33.32 79K 302K 28.32
Current.
IDTI 10/29 Rv H&S 18.63 +0.78 16.45 19.75 4.8M 3.3M 16.26
Current.
JBL 11/04 DB hdl 30.24 -0.21 30.65 36.78 1M 2.2M 29.32
Current.
LNUX 11/06 A Wedge 5.07 -0.05 5.55 7.24 715K 3M 4.95
Current.
LTXX 11/11 DB hdl 16.65 +0.88 16.68 19.85 2.5M 1.2M 15.51
Current.
MANU 10/11 Test BO 7.3 -0.2 6.77 8.15 1.1M 1.4M 6.43
Current.
MCHP 10/21 Rv H&S 34.1 -0.73 30.5 34.75 3.6M 4M 32.55
Current.
MCLD 11/12 DB hdl 1.73 +0.09 1.78 2.32 3M 3M 1.57
Buy Not Hit.
MER 10/06 Flat 58.6 -0.28 58.6 67.25 3.3M 6.5M 58
Current.
MKSI 11/12 DB hdl 28.03 -0.14 29.14 34.98 329K 616K 27.05
Buy Not Hit.
MVSN 11/09 Cup hdl 22.54 -0.26 23.08 27.69 356K 891K 21.99
Buy Not Hit.
NEOF 11/03 A Wedge 16.06 -0.33 16.58 19.95 44K 151K 15.42
Buy Not Hit.
NMGC 11/11 Cup 2.85 -0.1 2.91 3.78 238K 303K 2.68
Current.
PBY 10/23 Cup hdl 19.74 +0.04 19 22.88 741K 932K 19.22
Current.
PLXS 11/03 DB hdl 19.05 -0.4 19.06 22.75 316K 528K 18.23
Current.
QADI 11/12 Flat 13.7 +1.17 13.54 16.22 579K 298K 12.44
Current. Surged up in a strong early run. We used late pullback
to start a partial position and will look for more
when the next buy opportunity comes, most likely on
the next test.
QCOM 11/05 Test BO 47.78 -0.03 48.12 57.25 4.6M 14M 45.72
Buy Not Issued.
RBK 09/24 DB hdl 39.85 -0.18 34.46 41.35 452K 1.1M 39.05
RETK 10/06 A Wedge 10.8 -0.12 8.49 10.25 384K 776K 10.37
Current.
SCKT 11/03 Cup hdl 4.12 -0.13 3.61 4.55 1.6M 526K 3.36
Current.
SCMR 11/04 A Wedge 5.15 +0.06 5.39 6.72 2.3M 3M 5.49
Current.
SOHU 10/24 Dbl btm 32.09 -0.91 37.69 45 2.8M 9M 34.85
Current.
TARO 10/08 Cup hdl 65.07 -0.18 61.51 73 345K 501K 65.32
Current.
TEO 10/27 Cup hdl 8.21 +0.23 7.26 9 716K 511K 7.82
Current.
TLAB 11/10 DB hdl 8.4 +0.07 8.27 9.88 9.8M 6M 7.69
Current.
TRPH 11/01 A Wedge 5.44 -0.05 5.31 6.62 872K 1.8M 4.85
Current.
TZA 07/31 Cup hdl 8.91 +0.26 7.1 8.72 1.1M 579K 8.16
Current.
VSH 11/12 Flat 20.35 +0.3 20.33 24.38 2.7M 3.2M 19.22
Buy Not Issued.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAI 11/01 H&S 15.32 -0.07 15.73 14 2.7M 250K 16.51
Current.
ARDI 11/10 Put 12.73 +0.04 12.12 10.06 329K 1M 13.31
Buy Not Issued.
ASCA 11/01 Put 21.68 +0.11 20.27 18.85 179K 185K 21.25
Current.
ASKJ 11/10 Put 19.6 -0.08 18.22 16 1.6M 2.5M 19.55
Buy Not Issued.
SFNT 11/11 Put 34.44 +0.39 34.05 30.55 253K 461K 35.44
Buy Not Issued.
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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