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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good moves Tuesday: DO; QCOM; RIMM; SAPE; SNDK; VLO; WBSN; ZBRA; AAI
Monday night play results:
ADI: Took a breather on low volume but still ready.
MSTR: No volume as it held steady.
SMH: Fell back late but holding the gain.
SNDK: Solid move on volume.
AW: Rebounded from the session low on volume. Ready to turn back over.
THE PLAYS
Upside:
Play Date: 09/21/2004
AIRN (Airspan Networks--$5.35; +0.15; optionable): Telecom wireless communications
http://biz.yahoo.com/p/a/airn.html
After Hours: $5.33
STATUS: Cup. AIRN is coming off of a test of the 10 day EMA (5.14) after surging through the 200 day SMA (4.75) earlier in the month. It is working on a 20 week base sporting excellent 7 to 1 accumulation while it still has a lot of work to do on the right side of the base; very solid buying ongoing even as it consolidates. Looking for volume to surge as AIRN moves up off of the test and through the buy point.
Volume: 214.909K Avg Volume: 361.747K
BUY POINT: $5.54 Volume=543K Target=$6.95 Stop=$5.34
POSITION: AHQ AA - Jan. $5c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/airn.html
Play Date: 09/21/2004
FSL (Freescale Semiconductor--$15.07; -0.14; optionable): Semiconductors
http://biz.yahoo.com/p/f/fsl.html
After Hours: $15.05
STATUS: Test breakout. A new issue in July, FSL moved through a 7 week base and broke out two weeks back. It has spent the past week moving laterally and slightly lower after the breakout, testing the move. It has held above the 10 day EMA (14.86) on this test. Like new issues and looking for volume to resume as FSL moves up through the buy point.
Volume: 351.1K Avg Volume: 0
BUY POINT: $15.42 Volume=2M Target=$18.48 Stop=$14.84
POSITION: FSL CC - Mar. $15c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/fsl.html
Play Date: 09/21/2004
SIMG (Silicon Image--$12.51; +0.24; optionable): Semiconductors
http://biz.yahoo.com/p/s/simg.html
After Hours: $12.49
STATUS: Double bottom w/handle. SIMG is one semiconductor stock that has held up very well, forming the current 22 week base at its high for the year. Solid 5 to 3 accumulation in the pattern shows net buyers, and it used the 200 day SMA (10.65) as support on the right leg of the base, a further sign of big money support. Volume jumped as the stock moved up off of the 200 day a week back and then eased as SIMG slid back to the 10 day EMA (11.93) to test the move and start the handle. Money flow is surging ahead of the price, and we are looking for SIMG to breakout and follow the money higher.
Volume: 1.42M Avg Volume: 990.549K
BUY POINT: $13.06 Volume=1.5M Target=$15.65 Stop=$12.72
POSITION: QSI CV - Mar. $12.50c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/simg.html
Downside:
Play Date: 09/21/2004
ERES (Eresearch Tech--$18.93; -0.11; optionable): Medical labs
http://biz.yahoo.com/p/e/eres.html
After Hours: $18.92
STATUS: Put. Looking weak once again in the downtrend that began when it peaked in July. It has moved down the 18 day EMA (18.93) in the downtrend, but broke over that level last week. It has been unable to extend the move, and it looks ready to turn back down and follow the money flow that has resumed the drop.
Volume: 2.02M Avg Volume: 1.591M
BUY POINT: $18.78 Volume=2M Target=$16.65 Stop=$19.22
POSITION: UDB WD - Nov. $20p (-59 delta)
http://www.investmenthouse.com/ci/eres.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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