stock ticker, stock recommendation

Begin part 3 of 3

Took awhile to sort through the rubble after the Tuesday reversal.

THE PLAYS

Monday night play results:
JLG: Gapped higher but could not hold the move, reversing on stronger volume.
PKD: Took a breather though volume remained strong.
TTH: Gapped higher but reversed and closed below the 18 day EMA on volume.

New plays for Wednesday:

Upside:

Play Date: 10/19/2004
LIFC (Lifecell--$10.21; +0.02; optionable): Biotechnology
http://biz.yahoo.com/p/l/lifc.html
After Hours: $10.16
STATUS: Cup w/handle. LIFC moves laterally the past two weeks, forming the handle to its 15 week base formed using the 200 day SMA (8.77) as support on the pattern low. Solid 4 to 2 accumulation in the pattern shows net buyers, setting up the breakout and run. Money flow is strong, leading higher even as the stock moves laterally. Looking for a high volume breakout to move into positions.
Volume: 210.045K Avg Volume: 244.272K
BUY POINT: $10.74 Volume=366K Target=$13 Stop=$9.99
POSITION: QKL CB - Mar. $10c (60 delta) &/or Stock
http://www.investmenthouse.com/cd/lifc.html

Play Date: 10/19/2004
AUDC (Audiocodes--$13.1; +0.53; optionable): Scientific and technical instruments
http://biz.yahoo.com/p/a/audc.html
STATUS: Cup w/handle. Volume was up Tuesday as AUDC continued its move off the 50 day EMA (12.03), rallying toward the breakout from its 9 month base sporting strong 9 to 6 accumulation in the pattern, showing net buyers as the stock consolidated. Money flow is turning higher, ready to lead the stock.
Volume: 593.768K Avg Volume: 318.863K
BUY POINT: $13.64 Volume=450K Target=$16.35 Stop=$12.69
POSITION: QAS CV - Mar. $12.50c (63 delta) &/or Stock
http://www.investmenthouse.com/cd/audc.html

Continuing plays ready to move:

BEV
CVNS
FFIV
TV

Play Date: 10/07/2004
MSCC (Microsemi--$14.96; +0.09; optionable): Semiconductor integrated circuit
http://biz.yahoo.com/p/m/mscc.html
STATUS: Breakout test. Moving off the 18 day EMA (14.51), trying to continue the breakout move from the double bottom with handle base. No volume Tuesday on the move, so it was struggling. A nice 7 month base, a good breakout, and now just looking for more volume on a further rebound off the 18 day.
Earnings: 11-18
Volume: 512.126K Avg Volume: 678.5K
BUY POINT: $15.25 Volume=1M Target=$19 Stop=$14.78
POSITION: QMS CC - Mar. $15c (60 delta) &/or Stock
http://www.investmenthouse.com/cD/mscc.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, GTRC, HDWR, JNPR, MSFT, QCOM

EBAY: Earnings out Wednesday and it got a big wild into the close.

GTRC: Nice reverse head and shoulders base has formed along the 50 day EMA. Tried to breakout Tuesday on solid volume but gave most of the move back. Still strong and always seems to pull it out of the hat.

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.

Upside:

CTSH: Making a test of the 10 day EMA, its third test of the 10 day EMA. Volume has been excellent on the climb this month.

CNVR: Forming a handle on low volume to its 9 month cup base. Forming up well.

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.

stock ticker
stock recommendation