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stock ticker, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers Tuesday: DO; EBAY; INSP; SSI; AAP
Monday night play results:
PETC: Volume jumped as it continued the move.
ECL: Another nice doji over the 50 day EMA.
SSI: Nice break higher continues.
PXD: Started lower on volume but managed to rebound. Still below the 200 day SMA.
New plays for Wednesday:
Upside:
Play Date: 09/14/2004
AAPL (Apple Computer--$35.49; -0.10; optionable): Personal computers
http://biz.yahoo.com/p/a/aapl.html
After Hours: $35.38
STATUS: Breakout test. AAPL made us some nice money on its breakout, and now it is testing that break higher. A nice 9 week double bottom set up the breakout. Strong stocks tend to make four to five bounces up off of the 10 or 18 day EMA after breaking out. This is AAPL's first test of the 18 day (34.52) after the breakout, one of our favorite entry points.
Volume: 4.604M Avg Volume: 7.212M
BUY POINT: $36.12 Volume=8.5M Target=$42 Stop=$25.25
POSITION: AAQ AG - Jan. $35c (59 delta) &/or Stock
http://www.investmenthouse.com/cd/aapl.html
Play Date: 09/14/2004
PNK (Pinnacle Entertainment--$13.94; -0.02; optionable): Casinos, gaming
http://biz.yahoo.com/p/p/pnk.html
STATUS: Double bottom w/handle. Starting to form the handle to a very nice 26 week base sporting strong 8 to 4 accumulation (8 up price weeks on rising volume to 4 down price weeks on rising volume). That shows net buyers accumulating the stock during the base, setting up the breakout. A few more days in the handle and it should be ready to make the breakout. Solid money flow is starting to move higher again as the stock moves laterally.
Volume: 416.4K Avg Volume: 153.272K
BUY POINT: $14.48 Volume=450K Target=$17.38 Stop=$13.89
POSITION: PNK LV - Dec. $12.50c (82 delta) &/or Stock
http://www.investmenthouse.com/cd/pnk.html
Downside:
Play Date: 09/14/2004
FAST (Fastenal Company--$58.41; -1.09; optionable): Fasteners
http://biz.yahoo.com/p/f/fast.html
After Hours: $58.27
STATUS: Put. FAST was cruising until early this month when it peaked on low volume and then dove lower on strong, above average volume. It tried to hold the 50 day EMA (59.75), failed, and then made a very low volume rebound Friday and Monday. It resumed the move lower Tuesday on much stronger, average volume. Looks ready to make the further plunge.
Volume: 737.415K Avg Volume: 646.09K
BUY POINT: $58.19 Volume=700K Target=$56.06 Stop=$58.64
POSITION: FQA VL - Oct. $60p (-67 delta)
http://www.investmenthouse.com/cd/fast.html
Continuing: ECL still looks great.
Play Date: 09/13/2004
ECL (Ecolab--$30.61; -0.06; optionable): Cleaning products for fast food, service industries
http://biz.yahoo.com/p/e/ecl.html
STATUS: Cup w/handle. Volume jumped above average Tuesday as ECL showed a very nice, tight doji, tapping the 50 day EMA (30.33) on the low and rebounding to close flat. Solid 3 to 1 accumulation in its 10 week base is setting up the breakout. Money flow is rallying ahead of the price even as the stock moves laterally. Very nice pattern and looks ready to give us the breakout move.
Volume: 742K Avg Volume: 604K
BUY POINT: $31.04 Volume=894K Target=$35 Stop=$30.42
POSITION: ECL AF - Jan. $30c (70 delta) &/or Stock
http://www.investmenthouse.com/cd/ecl.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.
BR, COH, EASI, EBAY, GMAI, GTRC, HDWR, JNPR, MSFT, QCOM
JNPR: Setting up for the next move, rebounding from the Monday pullback.
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.
Downside:
PLMO: Broke below the 50 day EMA to end August. It has rebounded and failed, and now has rebounded again, rising only to the 10 day EMA. We have been watching this one as well; put options are quite pricey.
Upside:
SEPR: Trying to make the breakout from a 20 week double bottom with handle. Not a lot of volume as it moved higher the past two sessions.
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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