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stock recommendation, stock option
Begin part 3 of 3
One of hte plays failed to contain all pertinent information. This corrects the AIRT play.
THE PLAYS
Good movers Thursday: Many. APCS; ARTI; ASKJ; CREE; EBAY; ENER; FSL; JUPM; VRSN, etc.
Wednesday night play results:
AGYS: Held steady on lower volume.
MDCC: Good surge but was fading in last half of session. Waiting to let it test and rebound.
MHR: Getting ready.
PLAB: No volume.
SMH: Nice surge.
New Plays:
Upside:
Play Date: 10/21/2004
AIRT (Air T, Inc.--$30.15; -0.64; no options): Air delivery and freight
http://biz.yahoo.com/p/a/airt.html
STATUS: Breakout test. AIRT is moving laterally at 31, holding over the 10 day EMA (29.12) as it does. Volume has slid back the past week as it makes the test, a good move that is setting up the next run higher. Nice breakout from a 12 week base on strong volume, and has set up to make another move, following strong money flow higher.
Volume: 840.718K Avg Volume: 1.867M
BUY POINT: $31.35 Volume=2.2M Target=$39 Stop=$29.16
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/airt.html
Play Date: 10/21/2004
GPN (Global Payments--$53.07; +1.65; optionable): Electronic payment processing
http://biz.yahoo.com/p/g/gpn.html
STATUS: Test breakout. Volume was up Thursday as GPN continues the breakout move from a 21 week cup w/handle base. It exploded higher in late September, then spent October testing the move on lower volume. Solid 5 to 3 accumulation in the base leading up to the breakout. Money flow is surging higher ahead of price, and GPN looks ready to follow it higher again once more. The first breakout test is one of our favorite entry points.
Volume: 448K Avg Volume: 252.045K
BUY POINT: $53.38 Volume=378K Target=$61 Stop=$51.97
POSITION: GPN BJ - Feb. $50c (78 delta) &/or Stock
http://www.investmenthouse.com/ci/gpn.html
Play Date: 10/21/2004
HHH (Internet Hldrs Trust--$62.65; +2.96; optionable)
http://biz.yahoo.com/p/h/hhh.html
STATUS: Cup w/handle. Volume surged Thursday as HHH got some big help from EBAY, breaking it out from a 15 week base sporting strong 5 to 2 accumulation (5 up weeks on rising volume to 2 down price weeks on rising volume). That shows net buyers of the shares during the base. Relative strength broke out as well, a good corroboration of the breakout move.
Volume: 1.131M Avg Volume: 431.652K
BUY POINT: $62.95 Volume=647K Target=$70 Stop=$61.88
POSITION: HHH AL - Jan. $60c (74 delta)
http://www.investmenthouse.com/ci/hhh.html
Play Date: 10/21/2004
LMRA (Lumera--$7.53; +0.47; no options): Electronics
http://biz.yahoo.com/p/l/lmra.html
STATUS: Breakout test. A new issue in July, LMR broke out from its first base in early October. It has continued the move on up the 10 day EMA (6.97) but working laterally this week below 7.50. Looks ready to move through that level, and that is where we move in. Strong money flow and relative strength breaking out already. Nice 3 to 1 accumulation. Again, it looks ready.
Volume: 161.301K Avg Volume: 0
BUY POINT: $7.69 Volume=200K Target=$9.25 Stop=$7.15
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/lmra.html
Play Date: 10/21/2004
SHFL (Shuffle Master--$38.32; +1.79; optionable): Card shufflers
http://biz.yahoo.com/p/s/shfl.html
STATUS: Reverse head and shoulders. Volume shot higher Thursday as SHFL announced a new pact/agreement, breaking the stock out of a 18 week base. Strong 6 to 2 accumulation in the pattern has set up the breakout. Pulled back from the high on the close, so looking for it to rebound and continue the move to enter positions.
Volume: 2.792M Avg Volume: 560.272K
BUY POINT: $38.54 Volume=840K Target=$44.54 Stop=$37.25
POSITION: SFQ BH - Feb. $40c (46 delta) &/or Stock
http://www.investmenthouse.com/ci/shfl.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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