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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good moves Wednesday: PMTI; SCSC; ANN; ERES; POWI; PXLW; SVU
Tuesday night play results:
SVU: Diving lower on rising volume.
TEK: Still looks ready to fall.
AVL: Gapped higher on the open but was selling most of the session. Needs to fill gap.
STLD: Big volume as it continued the breakout.
Downside:
Play Date: 09/08/2004
AAI (Airtran Holdings--$11.29; -0.85; optionable): Regional airlines
http://biz.yahoo.com/p/a/aai.html
After Hours: $11.30
STATUS: Put. Might be a future shot of the NASDAQ. Bounced off the August lows, rallied over the 50 day EMA (11.85) but below its 200 day SMA. Moved laterally for a couple of weeks and then tanked below the 50 day on volume. Weak and looking to head lower toward the August low (9.70). Looking for a nice 52%ish gain.
Volume: 3.224M Avg Volume: 1.406M
BUY POINT: $11.15 Volume=1.4M Target=$9.95 Stop=$11.42
POSITION: AAI VV - Oct. $12.50p (-74 delta)
http://www.investmenthouse.com/ci/aai.html
Play Date: 09/08/2004
CNQR (Concur Technologies--$9.80; -0.35; optionable): Technical and system software
http://biz.yahoo.com/p/c/cnqr.html
STATUS: Put. Rallied off the August lows and ran right smack into the 200 day SMA (10.62). That stalled the move. It faded back to the 50 day EMA (10.12) and then Wednesday tanked on rising volume below that support. Looking to ride it back down for a solid 60%ish gain.
Volume: 123.649K Avg Volume: 182.818K
BUY POINT: $9.74 Volume=200K Target=$8.24 Stop=$9.94
POSITION: JCQ VB - Oct. $10c (-53 delta)
http://www.investmenthouse.com/ci/cnqr.html
Play Date: 09/08/2004
SYY (Sysco--$32.73; -0.56; optionable): Wholesale food
http://biz.yahoo.com/p/s/syy.html
STATUS: Put. After trending down the 10 and 18 day EMA (32.62, 32.68) since June, SYYS came up for air in the recent rally, rising back up near the 50 day EMA (33.84). It rolled over on much sharper volume Wednesday as DF warned. The food industry has not been super of late. It came to rest on the 10 and 18 day EMA at the close. Looking for it break through that support level and move down for a 45%ish gain.
Volume: 4.066M Avg Volume: 2.186M
BUY POINT: $32.55 Volume=2.2M Target=$31 Stop=$32.78
POSITION: SYY VF - Oct. $30p (-78 delta)
http://www.investmenthouse.com/ci/syy.html
Upside:
Play Date: 09/08/2004
AH (Armor Holdings--$36.73; +0.07; optionable): Body armor
http://biz.yahoo.com/p/a/ah.html
STATUS: Double bottom w/handle. AH I working on a 3 week handle to its 13 week base sporting outstanding 5 to 1 accumulation. That indicates a lot of ongoing buying in the pattern, setting up the foundation for a good breakout. Money flow is solid, starting to move higher ahead of price as the stock moves laterally. Looking for strong volume as it moves through the buy point.
Volume: 388.4K Avg Volume: 690.181K
BUY POINT: $37.58 Volume=1M Target=$42.75 Stop=$36.45
POSITION: AH KG - Nov. $35c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/ah.html
Play Date: 09/08/2004
CSGP (Costar Group--$44.72; +0.65; optionable): Business software
http://biz.yahoo.com/p/c/csgp.html
After Hours: $44.72
STATUS: Double bottom w/handle. Volume jumped Wednesday as CSGP jumped as well, getting ready for the breakout move from its 10 week base. Excellent 4 to 1 accumulation in the base that formed using the 200 day SMA (40.51) as support. Money flow is running higher ahead of price, and it looks as if CSGP is ready to follow it.
Volume: 204.359K Avg Volume: 102.136K
BUY POINT: $45.12 Volume=155K Target=$50.32 Stop=$43.25
POSITION: CQY AI - Jan. $45c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/csgp.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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stock recommendation
stock investment information
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