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us stock market, stock ticker
Begin part 3 of 3
We apologize for the late delivery. As a precaution we had to prepare for tropical storm Ivan.
THE PLAYS
Good movers Thursday: SBAC; AAI; BLL; BMS; BWA; SFD
Wednesday night play results:
AKS: Gave back much of the Wednesday gain.
DAB: Took a breather after the strong Wednesday move.
BWA: Falling on rising volume.
SFD: Another stock falling on volume.
New plays for Friday:
Upside:
Play Date: 09/23/2004
HDTV (Spatialight--$6.15; +0.47; no options): High resolution micro-displays
http://biz.yahoo.com/p/h/hdtv.html
After Hours: $6.19
STATUS: Reverse head and shoulders. HDTV is making a high volume breakout from its 10 month base sporting excellent 12 to 6 accumulation. That sets up the breakout and run, showing buyers moving in and buying the stock during the base. Relative strength broke out with the move, a good breakout corroboration.
Volume: 1.307M Avg Volume: 313.176K
BUY POINT: $6.23 Volume=325K Target=$7.55 Stop=$5.98
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/hdtv.html
Play Date: 09/23/2004
CK (Crompton--$8.82; +0.52; optionable): Polymer additives and processing equipment
http://biz.yahoo.com/p/c/ck.html
STATUS: Breakout test. I know you are all a quiver over this stock's business. This is a market driven by the basic industrial products and processes. CK is smack in the middle of that. It blasted out of an 8 month cup with handle base a week back, surging on massive volume. it ahs come back this week to make the test, jumping off of the 10 day EMA (8.23) Thursday on once more rising, above average volume. Relative strength has broke out again as the stock follows the surging money flow higher. Looking to move into positions on a continued move. The breakout test is one of our favorite entry points.
Volume: 1.871M Avg Volume: 785.1K
BUY POINT: $8.94 Volume=1M Target=$10.55 Stop=$8.65
POSITION: CK AU - Jan. $7.50c (80 delta) &/or Stock
http://www.investmenthouse.com/cd/ck.html
Downside:
Play Date: 09/23/2004
AMR (AMR Corp.--$8.06; -0.68; optionable): Major airline
http://biz.yahoo.com/p/a/amr.html
After Hours: $8.06
STATUS: Put. AMR is in a continuing downtrend since peaking in January, bouncing down from the 50 day EMA (9.20), using that level as resistance. Volume spiked sharply as AMR sold through the 50 day SMA (8.69). Looks ready to dive toward the August low near 7 for a 44%ish gain.
Volume: 6.808M Avg Volume: 4.663M
BUY POINT: $7.98 Volume=4M Target=$6.95 Stop=$8.12
POSITION: AMR WK - Nov. $8p (-44 delta)
http://www.investmenthouse.com/cd/amr.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: Held up very well Thursday, holding the 18 day EMA on the low and rebounding for a gain.
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:
UWN: Has rallied back to the 18 day EMA after a hard dump lower last week. Low volume recovery.
Upside:
EAGL: Moving laterally in a very tight range over the 10 day EMA as it forms something of a handle after a strong move up to start the month.
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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us stock market
stock ticker
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