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stock recommendation, stock investment information
Begin part 3 of 3.
THE PLAYS
Good moves Friday: AAPL; DO; INSP; RAE; WBSN
Thursday night play results:
FLS: Gapped higher on volume but could not hold the move.
TWTI: Gapped higher as well but it too could not hold the move.
TXN: Strong volume as it started a move worth taking some positions.
WBSN: Nice surge on strong trade.
THE PLAYS
Upside:
Play Date: 09/18/2004
AKAM (Akami Technologies--$14.93; +0.03; optionable): Internet software and services
http://biz.yahoo.com/p/a/akam.html
After Hours: $15.38
STATUS: Double bottom w/handle. Making its second try at a base this year. AKAM formed a nice double bottom with handle through June and broke out, but it failed. It has fallen into the current 11 week pattern, holding roughly at the 200 day SMA (13.98) as if forms up. It surged early last week, moving off the 200 and 50 day MA on strong, above average volume, and then eased back to end the week. Outstanding 5 to 0 accumulation (5 up price weeks on rising volume to 0 down price weeks on rising volume), showing solid buying in the pattern and setting up a breakout move. May take couple more sessions to complete the handle, but looks very solid. Strong money flow.
Volume: 1.103M Avg Volume: 2.955M
BUY POINT: $15.52 Volume=4M Target=$18 Stop=$14.98
POSITION: UMU AC - Jan. $15c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/akam.html
Play Date: 09/18/2004
HHH (Internet Hldrs Trust--$60.39; +0.62; optionable)
http://biz.yahoo.com/p/h/hhh.html
STATUS: Cup w/handle. Working laterally to end last week, forming the handle to its 11 week base. HHH surged on solid trade, setting up the pattern nicely. Excellent 4 to 1 accumulation in the pattern; internets have been working into leadership roles, the most obvious being EBAY. May take a few more sessions to complete the handle, and then it will be ready.
Volume: 286.1K Avg Volume: 406.826K
BUY POINT: $60.84 Volume=525K Target=$67 Stop=$59.88
POSITION: HHH AL - Jan. $60c (57 delta)
http://www.investmenthouse.com/ci/hhh.html
Play Date: 09/18/2004
MRVL (Marvell Technology--$26.34; -0.04; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/m/mrvl.html
After Hours: $25.63
STATUS: Breakout test. Exploded higher to start the month, making the breakout from a 9 week cup base. Surged to 27 and spent last week easing back, testing the move on lower, below average volume. Holding near 26 on the lows, setting up for the next move higher as money flow surges ahead of price. Solid 3 to 1 accumulation in the pattern. After a couple more days of rest it will be ready to resume the move.
Volume: 4.468M Avg Volume: 4.735M
BUY POINT: $26.85 Volume=7.1M Target=$31 Stop=$25.55
POSITION: UVM BE - Feb. $25c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/mrvl.html
Play Date: 09/18/2004
VIP (Vimple Communication--$102.60; -0.42; optionable): Russian wireless telecom
http://biz.yahoo.com/p/v/vip.html
After Hours: $102.61
STATUS: Breakout test. Taking another look at VIP as it has pulled back to the 18 day EMA (101.43) after surging higher last Monday but then reversing as telecoms pulled back a bit. Still holding a solid 23 week double bottom base with solid 6 to 4 accumulation. Looking for volume to rebound as it moves back up off of the candlestick doji it showed Friday.
Volume: 425.8K Avg Volume: 433.755K
BUY POINT: $103.72 Volume=600K Target=$113 Stop=$101.32
POSITION: VIP AA - Jan. $105c (48 delta)
http://www.investmenthouse.com/ci/vip.html
Play Date: 09/18/2004
WYNN (Wynn Resorts--$41.46; +0.28; optionable):
http://biz.yahoo.com/p/w/wynn.html
After Hours: $41.61
STATUS:
Volume: 201.444K Avg Volume: 371.668K
BUY POINT: $42.34 Volume=558K Target=$50 Stop=$40.55
POSITION: UWY LH - Dec. $40c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/wynn.html
Downside:
Play Date: 09/18/2004
CANI (Carreker--$8.58; -0.44; optionable): Business software
http://biz.yahoo.com/p/c/cani.html
After Hours: $8.48
STATUS: Put. It ahs been a struggle for CANI, and it is not getting better. A long 6 month move below the 200 day SMA (10.65) cratered to start the month with a gap below the 50 day EMA (9.17); you know it is bad when the 50 day EMA is below the 200 day SMA. It rallied back to the 50 day the past week but failed at that level, selling on rising, average volume. Looks ready to make another drop, and it does not have to go that far to make us a nice 41%ish gain.
Volume: 122.818K Avg Volume: 155.901K
BUY POINT: $8.46 Volume=175K Target=$7.12 Stop=$8.75
POSITION: CDU WB - Nov. $10p (-67 delta)
http://www.investmenthouse.com/ci/cani.html
Play Date: 09/18/2004
MOVI (Movie Gallery--$17.56; -0.23; optionable): Music & video stores
http://biz.yahoo.com/p/m/movi.html
After Hours: $17.63
STATUS: Put. MOVI is struggling. It bottomed in August with the overall market, managing to rebound above the 50 day EMA (17.88). That move had no volume, however, and MOVI has been under pressure the past week, breaking below the 50 day EMA Friday on rising, average volume. It closed just over the simple 50 day MA (17.60) Friday, but with money flow diving ahead of price it looks ready to move back down. Does not have to go far to make us a nice 45%ish gain.
Volume: 333.564K Avg Volume: 358.969K
BUY POINT: $17.46 Volume=400K Target=$16.43 Stop=$17.69
POSITION: QLV WW - Nov. $17.50p (-45 delta)
http://www.investmenthouse.com/ci/movi.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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