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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers Thursday: ENER; RIMM; VRSN
Wednesday night play results:
ALVR: Took a breather on low volume. Still looks ready to continue the breakout.
AMED: Still a very nice lateral move over the 18 day EMA.
CMTL: Very nice test of the 18 day EMA.
CVNS: Also working on a very nice handle.
New Plays:
Upside:
Play Date: 10/14/2004
ASKJ (Ask Jeeves--$34.84; +0.89; optionable): Internet search
http://biz.yahoo.com/p/a/askj.html
After Hours: $34.79
STATUS: Double bottom w/handle. Volume surged Wednesday on the YHOO earnings. ASKJ then took a breather Thursday, but held its ground as it continues in the handle of its 4.5 month base. Positive accumulation shows buyers in the lead during the base and setting the foundation for a breakout. Money flow is moving higher ahead of price, leading higher. This stock can fly when it gets running, and after this three week lateral handle it is ready to run to the high in the pattern near 42.50. That gives us a nice gain, and if it wants to continue higher from there, all the better.
Volume: 3.33M Avg Volume: 4.419M
BUY POINT: $35.55 Volume=6M Target=$42.48 Stop=$33.12
POSITION: AUK AG - Jan. $35c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/askj.html
Play Date: 10/14/2004
FCEL (Fuelcell Energy--$12.72; +0.66; optionable): Industrial electrical equipment
http://biz.yahoo.com/p/f/fcel.html
After Hours: $12.72
STATUS: Cup. FCEL is working on a 6 month base and is now starting up the right side of the pattern with volume surging as it does. This has carried it to the 200 day SMA (12.50), cracking that resistance on the Thursday close as volume surged once more. Strong 10 to 4 accumulation in the base, and money flow is surging higher ahead of price. Another stock that can run higher and still make us great money without taking out the base high. Our target is the initial goal; if it keeps running, we will let it.
Volume: 2.71M Avg Volume: 1.003M
BUY POINT: $12.95 Volume=1.2M Target=$15.55 Stop=$12.35
POSITION: FQ GAS - Jan. $12.50c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/fcel.html
Play Date: 10/14/2004
MRVC (MRV Communications--$3.10; +0.31; no options): Semiconductor integrated circuits
http://biz.yahoo.com/p/m/mrvc.html
After Hours: $3.08
STATUS: Cup. Volume is surging the past three weeks as MRVC surges off the lows of its 9 month base. It cleared the 200 day SMA (3.01) on the Thursday close on massive trade. Money flow is surging higher ahead of price, looking ready to lead the price higher. Accumulation is excellent at 10 to 5, setting a solid foundation for the run higher, and a very good reading at this stage of the base. Can give us a great return without having to clear the high in the base.
Volume: 3.222M Avg Volume: 721.681K
BUY POINT: $3.21 Volume=1.1M Target=$4.55 Stop=$2.99
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/mrvc.html
Play Date: 10/14/2004
PER (Perot Systems--$15.63; +0.12; optionable): ITS software
http://biz.yahoo.com/p/p/per.html
STATUS: Breakout test. PER exploded out of a 9 month cup with handle base the last week of September, rallying a solid 4 points on the breakout move. Volume was outstanding. It peaked in early October and has come back on lower volume to test the 18 day EMA (15.40), a typical near support level were a stock tests its breakout move. Solid 8 to 6 accumulation in the base and tremendous money flow. Nice test and now it looks ready to continue the breakout move.
Volume: 351.1K Avg Volume: 360.136K
BUY POINT: $15.89 Volume=540K Target=$19 Stop=$15.31
POSITION: PER AC - Jan. $15c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/per.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 option
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