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stock ticker, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Monday: CYTC; FMTI; IVIL; ONNN
Weekend play results:
OCPI: Gapped higher but gave the move back. Still in good shape.
TFSM: Still in the nice handle.
TLAB: Gapped higher but could not hold the move. Still ready.
XMSR: Gapped up to the 50 day MVA and turned down though volume trailed off later in the session.
New plays for Tuesday:
Play Date: 02/02/2004
GEB (Genetronics Biomedical--$1.68; +0.18; no options): Medical instruments
http://biz.yahoo.com/p/g/geb.html
STATUS: Breakout. GEB is blasting off from a 15 week base sporting excellent 6 to 1 accumulation (6 up price weeks on rising volume to 1 down price week on rising volume), following surging money flow higher. An excellent base showing the right price/volume action, i.e., drying up at the bottom of the base then rallying as it moved up to the old high. The breakout volume Monday was solid. The base formed along the 50 day MVA (1.33) a sign of good institutional support. Relative strength broke out on the price breakout, another indication of strength as it shows the stock is currently outperforming rest of the market.
Volume: 1.698M Avg Volume: 687.363K
BUY POINT: $1.74 Volume=1M Target=$2.28 Stop=$1.58
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/geb.html
Play Date: 02/02/2004
JDSU (JDS Uniphase--$5.10; 0.00; optionable): Communications and other equipment
http://biz.yahoo.com/p/j/jdsu.html
STATUS: Testing the breakout. JDSU is testing the breakout from an 18 week cup base sporting strong 5 to 2 accumulation. Volume surged as it broke out from the base 11 sessions back. It has started moving laterally over the 10 day MVA (4.99). Typically when the 10 day MVA rises to meet the stock it typically starts the next leg higher. That is what we are looking for, that next break higher on stronger trade.
Volume: 63.623M Avg Volume: 43.049M
BUY POINT: $5.38 Volume=65M Target=$6.75 Stop=$4.98
POSITION: UQD FA - June $5c (59 delta) &/or Stock
http://www.investmenthouse.com/cd/jdsu.html
Downside:
Play Date: 02/02/2004
SMH (Semiconductor Holders Trust--$41.41; -0.55; optionable)
http://biz.yahoo.com/p/s/smh.html
STATUS: Put. Struggling below the 50 day MVA (42.25) after a series of three tops from November to January. Volume jumped as it sold last week. It broke the 50 day, rebounded to that level, and then sold lower Monday. Volume did not rise, something we need to see as it continues the move down toward the December low.
Volume: 10.944M Avg Volume: 11.737M
BUY POINT: $41.22 Volume=13M Target=$38.45 Stop=$42.28
POSITION: SMH OV - Mar. $42.50p (-63 delta)
http://www.investmenthouse.com/cd/smh.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 perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AVID, COH, DIS, GTRC, KKD, LPNT, OCR, TGT, UTSI, XMSR
AVID: Completely imploding.
COH: Still struggling at the 50 day MVA.
LPNT: Nice pullback to the 18 day MVA.
SUBSCRIBER WATCHLIST
We continually receive ideas for potential plays from subscribers. Many times they are already on our watchlists, other times not. We always take a look and sometimes find a gem or two, or more. We don't necessarily endorse these, but want to provide a forum for subscribers with ideas that may appeal to other subscribers. We may just put on the ticker or we might describe our thoughts as to why or why not we think it is a buy or sell. This is a way we can all learn a bit more and maybe find a few more candidates to make us some good money.
MYGN: Looks to be making the breakout from a 8 month cup with handle base. The handle is deceptive. It looks as if the stock was moving higher in the handle, something you do not want to see, but the intraday lows were lower and lower. Not bad.
Downside:
CMIN: Blew through the 50 day MVA Thursday, and has rallied back to test that level, gapping toward it Monday but then rolling over again. Heading lower to test the 200 day MVA.
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 ticker
stock recommendation
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