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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers Tuesday: ALTI; AMSC; ARQL; ATML; TQNT; VRC; CHU
Weekend play results:
ATML: Nice gap higher on strong volume.
FMTI: Gapped higher but could not hold much of the move.
KOOL: Excellent break higher on tremendous volume.
New Plays for Wednesday:
Play Date: 01/20/2004
INFA (Informatica--$12.20; +0.52; optionable): Business software
http://biz.yahoo.com/p/i/infa.html
STATUS: Reverse head and shoulders. INFA is making the break from a 10 week base sporting excellent 4 to 1 accumulation (4 up price weeks on rising volume to 1 down price week on rising volume). Volume has surged the past three sessions as INFA came of of the right shoulder that used the 18 day MVA (11.24) as support. Solid accumulation and money flow is shooting higher. Ready to make the next break higher.
Volume: 1.713M Avg Volume: 804.045K
BUY POINT: $12.32 Volume=1.2M Target=$15 Stop=$11.46
POSITION: UYF FV - June $12.50c (49 delta) &/or Stock
http://www.investmenthouse.com/cd/infa.html
Play Date: 01/20/2004
PTEK (PTEK Holdings--$10.6; +0.42; optionable): Telecom
http://biz.yahoo.com/p/p/ptek.html
STATUS: Cup w/handle. PTEK is makign the breakout move from a 15 week base with solid 5 to 2 accumulation. It broke higher on sharp volume to start the move, and after no handle, is now consolidating that move move with the current tow week lateral move over the 10 day MVA (10.01). When th e10 day came up to tap the stock, that sent it higher on a big jump in volume. A nice breakout and we are looking to move into positions on a further move showing continued solid volume.
Volume: 1.811M Avg Volume: 875.954K
BUY POINT: $10.75 Volume=1.3M Target=$12.92 Stop=$9.98
POSITION: QTE EB - May $10c (66 delta) &/or Stock
http://www.investmenthouse.com/cd/ptek.html
Play Date: 01/20/2004
UTEK (Ultratech--$34.5; +1.51; optionable): Chip equipment
http://biz.yahoo.com/p/u/utek.html
STATUS: Reverse head and shoulders. UTEK is starting the breakout move from its 11 week base as volume surged higher Tuesday. It is on the cusp of the breakout from its base showing strong 4 to 1 accumulation and surging money flow. A nice accumulation base that a nice 6 month move through the end of October. Looks ready to make the move, but we will have to see how stocks react to the earnings issued after hours Tuesday.
Volume: 800.7K Avg Volume: 362.9K
BUY POINT: $34.88 Volume=544K Target=$41.85 Stop=$32.44
POSITION: UQT EG - May $35c (51 delta) &/or Stock
http://www.investmenthouse.com/cd/utek.html
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
XMSR: Still making the test, falling below the 18 day MVA intraday but then rebounding on rising, above average volume to recover and hold that level on the close. May be ready to continue the move now.
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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stock recommendation
stock investment information
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