stock recommendation, stock option

Begin part 3 of 3

THE PLAYS

Good movers Thursday: CORI; CTRA; SMTL (bonus): TXN; XING

Wednesday night play results:

OPNT: Did not make the move, turning over but managing to fight back and cose at the 18 day MVA.
PKZ: Still testing the breakout, holding the 10 day MVA on very low volume. Still looks nice.
CTRA: Excellent break higher on strong trade.

New Plays for Friday:

Play Date: 01/15/2004
SSPX (SSP Solutions--$1.74; -0.02; no options): Network data security solutions
http://biz.yahoo.com/p/s/sspx.html
STATUS: Double bottom w/handle. Volume is starting to jump as SSPX moves toward the breakout from its 10 week base that formed roughly at the 50 day MVA (1.43) on the lows. Solid accumulation at 4 to 2 and money flow is surging, running well ahead of price. The strong volume shows a lot of interest in the stock, and we are looking for the stock to follow money flow higher.
Volume: 666.66K Avg Volume: 279.318K
BUY POINT: $1.88 Volume=419K Target=$2.45 Stop=$1.72
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/sspx.html

Play Date: 01/15/2004
WJCI (WJ Communications--$6.94; +0.29; no options): Telecom equipment
http://biz.yahoo.com/p/w/wjci.html
STATUS: Testing breakout. WJCI broke out from an 11 week base Tuesday on outstanding volume. It has moved laterally the past two sessions on lower volume. Accumulation in the base was a solid 4 to 2. Money flow is very strong and relative strength is ready to breakout on the next jump higher. It may test laterally another day or two, but it is a very nice base and is ready to make the next leg.
Volume: 202.08K Avg Volume: 291.045K
BUY POINT: $7.22 Volume=437K Target=$8.72 Stop=$6.71
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/wjci.html

Continuing play ready to start up again:

Play Date: 01/10/2004
TQNT (Triquent Semiconductor--$8.53; +0.23; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/t/tqnt.html
STATUS: Cup w/handle. TQNT has formed a handle to its short but very sweet 9 week base. Accumulation is excellent at 4 to 1. Money flow is strong. It has been tapping at the 10 day MVA (8.18) on the intraday lows the past three sessions and reboundign. Volume has been solid voer the past week. it looks ready to make its move.
Volume: 2.735M Avg Volume: 2.412M
BUY POINT: $8.84 Volume=3.6M Target=$10.62 Stop=$8.22
POSITION: TQN EU - May $7.50c (77 delta) &/or Stock
http://www.investmenthouse.com/cd/tqnt.html

Other pullbacks that are ready: ARQL; ESIO; RHAT

SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they set up well.

AVID, COH, DIS, GTRC, KKD, LPNT, OCR, TGT, UTSI, XMSR

AVID: Taking a small dip after surging through the 50 day MVA last week. It is holding the 10 day MVA with a nice tight doji on low volume. Looks ready to continue to move up and form the right side of its base.

LPNT, OCR: Still in very nice uptrends.

Good Investing!
Jon L. Johnson and The Daily Staff

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 of 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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