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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Good moves Thursday: BEAV; JUPM; MCIP; MSA; SNDA; SYMC; IR
Wednesday night play results:
BSTE: Held steady on no volume.
HAR: Exploded out of the blocks and never looked back.
INSP: Took a breather with the market.
KMRT: Took a needed breather. Still looks solid.
Upside:
Play Date: 08/19/2004
APCS (Alamosa Holdings--$8.14; +0.3; optionable): Telecom wireless
http://biz.yahoo.com/p/a/apcs.html
After Hours: $8.14
STATUS: Ascending base. Volume is jumping as APCS works for a breakout from its 17 week base that has formed roughly along the rising 50 day EMA (7.45). Excellent 7 to 2 accumulation in the pattern shows a lot of ongoing buying. After a lower volume shakeout early in the month, APCS has come back, showing better volume this week. Money flow is excellent and relative strength is breaking out ahead of the stock. Looks ready.
Volume: 3.06M Avg Volume: 1.436M
BUY POINT: $8.32 Volume=2.2M Target=$9.98 Stop=$7.95
POSITION: CUT LU - Dec. $7.50c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/apcs.html
Play Date: 08/19/2004
ZBRA (Zebra Technologies--$82.62; -0.6; optionable): Computer peripherals. Splits 3:2 on 8-26-04
http://biz.yahoo.com/p/z/zbra.html
STATUS: Double bottom. ZBRA is forming a short 7 week base and is now looking as if it is forming a handle, taking a breather Thursday on lower, below average volume. Strong money flow moving higher ahead of price. These plays tend to be explosive when you have an explosive stock such as ZBRA. Just want to see the volume hop as it moves through the buy point.
Volume: 249.175K Avg Volume: 421.866K
BUY POINT: $83.58 Volume=425K Target=$89.88 Stop=$82.22
POSITION: ZBQ KP - Nov. $80c (67 delta)
http://www.investmenthouse.com/ci/zbra.html
Downside:
Play Date: 08/19/2004
CKFR (Checkfree--$25.97; -0.76; optionable): Internet software
http://biz.yahoo.com/p/c/ckfr.html
After Hours: $25.99
STATUS: Put. Massive tank to start the month as CKFR dumped through the 200 day SMA (29.16). It fell below 25 and then made the current low volume rebound to test the 18 day EMA (26.99) Wednesday. Thursday it lost its footing and started back down on rising though still below average volume. Lots of distribution and weak money flow. Looks ready to move further down.
Volume: 665.668K Avg Volume: 1.072M
BUY POINT: $25.82 Volume=1M Target=$23.74 Stop=$26.35
POSITION: FCQ UF - Sept. $30p (-95 delta)
http://www.investmenthouse.com/ci/ckfr.html
Play Date: 08/19/2004
EL (Estee Lauder--$42.50; +0.22; optionable): Make-up
http://biz.yahoo.com/p/e/el.html
STATUS: Put. Tried to base in July and August, but then exploded down through the 200 day SMA (42.60) Tuesday on massive volume. It is making a rebound to test the breakdown, but volume has faded. Looking for it to turn back down and give us a nice quick move for a 45%ish gain.
Volume: 2.909M Avg Volume: 1.111M
BUY POINT: $42.25 Volume=1.7M Target=$40.15 Stop=$42.68
POSITION: EL VI - Oct. $45p (-80 delta)
http://www.investmenthouse.com/ci/el.html
Play Date: 08/19/2004
PH (Parker Hannifin--$53.63; -1.55; optionable): Industrial equipment
http://biz.yahoo.com/p/p/ph.html
STATUS: Put. Tried to base along with the market this year, but instead of rallying, it has turned down and did so Thursday on sharply higher volume. Weak money flow and stochastics failed to turn back up and give the crossover. Looks ready to fall and give us a 50%ish gain.
Volume: 1.22M Avg Volume: 778.853K
BUY POINT: $53.48 Volume=800K Target=$51.25 Stop=$54.85
POSITION: PH UK - Sept. $55p (-70 delta)
http://www.investmenthouse.com/ci/ph.html
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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us stock market
stock recommendation
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