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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Monday night play results:
AMXC: Nice surge on strong volume.
KEI: Another nice move on more solid trade.
MALL: Nice break higher on strong trade.
TUTS: Still ready to make the move.
Good movers Tuesday: AMSC; AMXC; CEVA; CKSW; DTPI; IDT; KEI; MALL; OCLR; PMTI
New Plays for Wednesday:
Play Date: 12/30/2003
AXYX (Axonyx--$4.79; +0.19; no options): Drugs
http://biz.yahoo.com/p/a/axyx.html
STATUS: Reverse head and shoulders. AXYX is coming off of the 50 day MVA (4.41) where it held on the low of this pullback to form the right shoulder to its 13 week base. Accumulation is an outstanding 5 to 1 (5 up price weeks on rising volume to 1 down price week on rising volume). Excellent money flow is moving up ahead of the stock even as it made this pullback to form the shoulder. Volume was up Tuesday as AXYX moved up off of the 50 day. Looking for a strong volume breakout over the recent highs to move into positions.
Volume: 385.5K Avg Volume: 468.7K
BUY POINT: $5.04 Volume=703K Target=$6.32 Stop=$4.62
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/axyx.html
Play Date: 12/30/2003
TMWD (Tumbleweed Communication--$8.2; +0.68; optionable): Internet software services
http://biz.yahoo.com/p/t/tmwd.html
STATUS: Test 50 day MVA (7.28). A great surge from August to late November, and TMWD has used the past month to pull back and take a rest. It held the 50 day MVA twice and rebounded well. During this small double bottom accumulation was a solid 2 to 0. Money flow is jumping up ahead of price and Tuesday TMWD followed the money, jumping off the 50 day on a very strong volume surge. Moving in on a continued solid volume move.
Volume: 1.451M Avg Volume: 586.773K
BUY POINT: $8.42 Volume=880K Target=$10.15 Stop=$7.69
POSITION: MYQ CU - Mar. $7.50c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/tmwd.html
Play Date: 12/30/2003
VNWK (Visual Networks--$2.19; +0.07; no options): PC networking
http://biz.yahoo.com/p/v/vnwk.html
STATUS: Double bottom w/handle. Nice 14 week base that formed its two legs over the 200 day MVA (1.55), rallying up the past week to finish the right leg and form nice flat handle where the last sellers are shaken out as the stock appears to stall out. Price/volume action has been excellent, with the upside moves coming on nice big volume spikes, telling us to get ready. Nice accumulation at 5 to 3. Super money flow is way out ahead of price. Tuesday VNWK started higher on strong volume, following that money flow, but it could not hold the move. Still very solid and looking for a repeat performance that holds the gains and breaks it higher.
Volume: 416.149K Avg Volume: 180.507K
BUY POINT: $2.34 Volume=271K Target=$3.05 Stop=$2.18
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/vnwk.html
Play Date: 12/30/2003
VYYO (Vyyo Inc.--$8.56; +0.26; no options): Telecom equipment
http://biz.yahoo.com/p/v/vyyo.html
STATUS: Cup. After a huge breakout from a similar pattern in early November, VYYO has moved laterally the past 7 weeks, holding over the 18 day MVA (7.68) and forming the current cup base. Positive accumulation in the base and volume has swelled the past week, indicating the stock is getting ready to make its move. Outstanding money flow and relative strength ready for the breakout. Looks super.
Volume: 370.264K Avg Volume: 261.419K
BUY POINT: $8.88 Volume=392K Target=$10.65 Stop=$8.26
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/vyyo.html
Continuing plays ready to move: AMZN; AVX; CEVA; CYBX; CYH; MSPD; TUTS
Good Investing!
Jon L. Johnson and your IH Alerts 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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