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us stock market, stock split
Begin part 2 of 2
Just 2 parts tonight. We apologize for the inability to provide full commentary on the continuing play table.
THE PLAYS
Good movers Thursday: ATYT; CHT; ENER; MIPS; MTX; OPTV; PLMO; VION; VIP; VRSN; AVP
Wednesday night play results:
ATSN: High volume, but could not make the breakout stick.
MTX: Another nice move.
SSYS: Gapped higher but could not hold the move.
New Plays:
Upside:
Play Date: 11/18/2004
CLF (Cleveland-Cliffs--$86.11; -1.47; optionable): Steel and iron. Splits 2:1 on 1-3-05
http://biz.yahoo.com/p/c/clf.html
STATUS: Flying plateau. This one can run when it gets its feet under it, making steady, strong moves as it rallies. It dipped in October with the market and when the metals corrected, but it held near the 50 day EMA (76.64) and rebounded, forming a short 6 week cup. It has moved laterally in a tight range the past week after breaking out of the cup; kind of a delayed handle. Money flow remains very strong, and we are looking for a sharp break higher on volume to enter.
Volume: 281.1K Avg Volume: 335K
BUY POINT: $87.85 Volume=502K Target=$97 Stop=$84.97
POSITION: CLF AQ - Jan. $85c (58 delta)
http://www.investmenthouse.com/ci/clf.html
Play Date: 11/18/2004
EMR (Emerson Electric--$68.03; +0.55; optionable): Electronic equipment
http://biz.yahoo.com/p/e/emr.html
STATUS: Cup w/handle. EMR is working laterally the past three weeks in a handle or flying plateau consolidation after a 9.5 month cup base. It broke sharply higher in lat October, banking us some great profit. Now this low volume move is setting up the next break higher, and we are looking for the volume to move in to enter and chase us down another good gain. Accumulation in the base is a strong 10 to 5, showing a lot of buying. Money flow is strong as well, and we just want to see strong volume as it breaks out of this range.
Volume: 986.4K Avg Volume: 1.157M
BUY POINT: $68.78 Volume=1.4M Target=$78 Stop=$66.48
POSITION: EMR CM - Mar. $65c (84 delta) &/or Stock
http://www.investmenthouse.com/ci/emr.html
Play Date: 11/18/2004
HAR (Harman Intl.--$127.10; -0.20; optionable): High end audio equipment
http://biz.yahoo.com/p/h/har.html
STATUS: Flying plateau. After exploding higher in late October on some outstanding earnings, HAR has held its gains, refusing to give back a point. Stinginess with gains is a very good sign of strength. Strong money flow and a low volume lateral move are setting up the next break higher. It could announce a split at any point as well, an extra bonus.
Volume: 377.9K Avg Volume: 680.292K
BUY POINT: $128.75 Volume=850K Target=$140 Stop=$126.48
POSITION: HAR AE - Jan. $125c (59 delta) or HAR DF - Apr. $130c (51 delta)
http://www.investmenthouse.com/ci/har.html
Play Date: 11/18/2004
RMBS (Rambus--$21.48; +0.36; optionable): Semiconductor memory chips
http://biz.yahoo.com/p/r/rmbs.html
STATUS: Test 200 day SMA. RMBS surged through the 200 day SMA (20.01) Tuesday, continuing a strong break higher from the prior week. Volume exploded on the move and has now backed off as it comes back to test the move over the 200 day. It may come back to test the 200 day fully but it was starting back up Thursday after gapping lower. Looking for it to move higher from here on volume, and we will step in as it does. Money flow is screaming higher, and we are ready for RMBS to follow it further.
Volume: 3.094M Avg Volume: 2.287M
BUY POINT: $22.05 Volume=4M Target=$26.85 Stop=$20.51
POSITION: BNQ BX - Feb. $22.50c (47 delta) &/or Stock
http://www.investmenthouse.com/ci/rmbs.html
Continuing plays: These are all in good shape to move again and we will be watching them for new entry points:
APCS; ACXM; CAND; CMVT; COSI; ELN; FLR; MRVC; MRVL; NANO; NCR
CONTINUING PLAY LIST
* * SPREADSHEET DOWNLOAD * * *
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http://investmenthouse.com/ihalerts/table.php
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http://www.investmenthouse.com/rescue/rescue.php3
LEGEND FOR CONTINUING PLAY TABLE
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: Asc Tri =Ascending triangle; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.)
Downside play types: CCall=Covered Call; Dsc Tri=Descending triangle; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);
PIVOT=Buy point
Tgt=Target stock price for the play. Applies to stock and options.
Vol=Volume for the most recent session.
TgtV=Target volume to enter the play.
Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon market conditions.
PLAY STATUS: Buy not hit (stock has not hit buy point); Buy not issued (stock has hit buy point but did not enter due to weak volume, poor intraday action, poor market action); Current (ongoing play already entered); Entered today (entered the play that session); Exited (closed the position); Target hit (play hit initial target; will note if took all or partial gain or let run further); Trailing stop (exited using a trailing stop loss).
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACXM 10/27 Cup hdl 26.33 +0.11 24.89 29 451K 550K 25.82
Current.
AMT 09/30 Flat 18.2 +0.48 15.55 18.68 1.1M 1.8M 17.58
Current.
APCS 10/06 Asc Bse 10.74 +0.05 8.91 10.72 553K 1.6M 10.68
Current.
ARBA 11/11 Test BO 16.27 -0.03 14.55 18.35 1M 835K 15.65
Current.
ARTI 10/09 Test BO 35 +0.09 30.88 35.85 357K 750K 33.69
Current.
ATSN 11/17 Cup hdl 9.95 0 10.25 12.25 624K 543K 9.68
Buy Not Hit.
ATYT 11/11 Cup hdl 20.39 +0.55 19.16 24.25 5.1M 4M 19.21
Current.
AVO 11/06 Dbl btm 40.13 -0.12 42.35 50.48 654K 665K 40.12
Current.
BCR 10/23 Test 50 59.5 +0.04 57.05 64.95 396K 981K 58.68
Current.
BDX 10/23 Rv H&S 54.25 -0.39 51.82 61.85 706K 1.4M 52.89
Current.
BMET 11/09 Asc Bse 47.11 -0.24 49.45 57 1.1M 2.4M 47.05
Buy Not Issued.
BYD 10/13 Test BO 36.66 -0.12 28.79 33.54 202K 400K 35.55
Current.
CAND 10/09 Test BO 6 -0.05 4.48 5.47 82K 275K 5.89
Current.
CHT 10/07 DB hdl 20.14 +0.6 18.87 22.65 456K 306K 19.22
Current.
CLE 10/26 Test BO 22.45 -4.19 26.19 31 7.6M 650K 26.21
Exited. Missed the earnings target and guided lower.
CMTL 10/13 DB hdl 30.3 -0.25 30.65 36 132K 404K 29.78
Current.
CMVT 10/21 DB hdl 22.19 +0.2 20.76 25 1.8M 3.8M 22.15
Current.
COSI 11/08 Cup hdl 6.05 -0.02 6.28 7.75 46K 154K 6.05
Current.
COST 10/05 Test BO 48.35 -0.62 44.43 50.45 3.3M 3.4M 48.12
Current.
CPS 11/10 DB hdl 43.08 -0.47 44.38 50 281K 400K 43.38
Buy Not Issued.
CREE 10/16 Test 50 38.97 -0.35 29.64 34 3.1M 3.8M 37.97
Current.
CTSH 09/04 Cup 38.42 -0.18 28.98 32.95 1.1M 1.6M 36.04
Current.
CYTC 11/09 Test 50 26.67 -0.03 26.57 32 753K 1.6M 25.99
Current.
DGX 11/03 Asc Tri 92 +0.96 90.01 100 783K 650K 91.35
Current.
DHB 11/04 DB hdl 18.85 +0.47 16.75 20.55 1.2M 1.7M 17.89
Current.
DHR 10/11 Test BO 58.64 +0.23 53.95 60 885K 1.6M 57.05
Current.
DRIV 11/15 Test BO 37.73 +0.02 36.45 44 669K 1.3M 35.05
Buy Not Issued.
EBAY 08/31 DB hdl 110.5 +1.13 88.05 99.94 7.7M 14M 103.45
Current.
ECIL 11/16 Test BO 8.39 -0.15 8.44 10.15 226K 850K 7.88
Current.
ELN 11/01 Test BO 29.5 +0.2 27.43 32 2.9M 5.5M 28.89
Current.
ENER 11/15 Test BO 19.62 +0.87 19.38 23.22 556K 400K 18.25
Current.
EYET 11/16 Cup hdl 44.24 -0.46 45.88 54 220K 1.6M 43.97
Buy Not Hit.
FFIV 10/02 Cup hdl 42.41 +0.23 32.85 38 560K 1.4M 42.24
Current.
FLR 11/12 Dbl btm 46.7 +0.1 47.35 54.72 606K 750K 45.89
Current.
FSL 10/20 Test BO 17.6 -0.35 15.55 18.64 1.8M 2M 17.25
Current.
GPN 10/28 Test BO 57.38 +0.05 55 62.75 178K 378K 55.24
Current.
HAE 11/03 Test 50 34.85 +0.05 33.58 39 147K 190K 33.89
Current.
HOLL 11/06 Cup hdl 4.3 -0.01 4.09 5.09 64K 175K 4.12
Current.
HYSL 11/16 Cup hdl 44.18 -1.01 44.04 50 807K 1M 44.12
Current.
INTL 11/13 Cup hdl 28.79 -0.91 29.55 34.55 437K 384K 28.05
Current.
ISON 11/04 Test 18 4.01 -0.06 4.58 6 1.2M 10M 4.26
Buy Not Issued.
IWOV 11/11 Test 20 10.09 -0.07 10.36 12.65 323K 495K 9.78
Current.
JLG 10/18 Test BO 19.06 -1.02 16.79 20.15 831K 350K 19.05
Current.
JNPR 10/27 DB hdl 28.77 +0.05 26.13 30 5.3M 11M 27.12
Current.
JUPM 09/29 BO 18.49 -0.45 19.79 23.42 397K 550K 19.48
Current.
KEY 10/25 DB hdl 33.66 -0.34 33.17 37.55 960K 1.5M 33.62
Current.
KLIC 11/15 Test 50 7.6 -0.01 7.35 9.25 1.7M 1.4M 7.38
Current.
KMRT 08/18 Dbl btm 103.71 -5.29 80.22 92 12M 3.6M 105
Current.
KOMG 11/09 Rv H&S 16.36 -0.39 17.01 20.62 415K 675K 15.82
Current.
MEDX 11/16 Cup hdl 10.54 +0.18 10.72 12.85 4.4M 1.5M 9.97
Current.
MERQ 11/10 Test 20 44.34 -0.22 45.15 51.55 1.5M 4.4M 42.85
Buy Not Issued.
MIPS 11/11 Test BO 8.74 +0.55 8.65 10.38 1.1M 347K 7.88
Buy Not Hit.
MRVC 10/14 Cup 4.06 +0.16 3.21 4.55 1.1M 1.1M 3.64
Current.
MRVL 11/13 Flat 30.35 +0.31 30.88 36.55 7.8M 6M 29.78
Buy Not Issued. Hit the target late but pulled back on the close. If
it continues higher tomorrow it is a buy.
MSCC 10/07 Test BO 16.46 -0.85 15.25 19 1.5M 1M 15.94
Current.
MTX 11/17 Test BO 63.8 +0.93 63.67 69.38 95K 140K 62.15
Entered today.
NANO 11/13 Test BO 16.34 -0.03 16.08 19 344K 443K 15.22
Current.
NCR 10/23 Test BO 57.08 -0.1 54.05 62.35 1.5M 725K 56.58
Current.
NTGR 11/16 Cup 15.75 -0.38 16.15 19.75 1.1M 1.2M 15.24
Buy Not Issued.
OPTV 11/10 Cup 3.83 +0.18 3.75 4.75 1.2M 650K 3.57
Current.
ORB 11/10 DB hdl 12.52 -0.13 12.69 15.21 608K 600K 12.11
Current.
PAAS 11/06 Cup hdl 17.88 -0.69 18.19 23 1.1M 1.2M 16.92
Buy Not Issued.
PER 10/14 Test BO 16.67 -0.13 16.39 19.55 214K 540K 16.11
Current.
PLMO 11/06 Cup hdl 38.64 +1.97 38.05 42.22 3.9M 4.8M 35.95
Current.
QSFT 11/15 Test BO 15.76 -0.19 16.15 19.32 487K 1.2M 15.25
Buy Not Hit.
SAPE 10/04 Test 50 8.91 -0.16 8.61 10.35 779K 1.6M 8.78
Current.
SGMS 11/09 Test BO 22.35 +0.07 23 27.45 446K 650K 22.12
Current.
SGMS 10/06 Cup hdl 22.35 +0.07 20.85 24.74 446K 650K 22.27
Current.
SHFL 10/21 Cup hdl 43.97 +0.2 40.06 45.55 244K 840K 42.05
Current.
SIMG 10/30 Cup hdl 16.54 +0.14 14.19 17.22 682K 1.5M 15.05
Current.
SINA 11/08 Test 20 37.65 -0.08 36.75 45.42 2.4M 7M 37.65
Current.
SNDA 10/11 Test BO 36.87 +0.25 31.32 36.85 388K 1.2M 37.42
Current.
SSNC 11/13 Test 20 22.37 -0.41 23.25 29 124K 270K 22.24
Buy Not Hit.
SSYS 11/17 Cup hdl 33.64 -0.12 33.96 39.95 211K 234K 32.08
Buy Not Issued.
TBL 10/27 Cup hdl 64.65 -0.6 64.23 75 482K 450K 63.97
Current.
TV 10/16 Test 18 59.23 +0.5 55.35 62.55 195K 570K 56.15
TZOO 10/11 Test 18 86.01 -12.13 62.82 80 3.3M 2.9M 94.74
Trailing Stop. CEO sold a lot of shares and the stock sold off. Took
the remaining nice gain off the table and will look
for it to hold, set up, and give a new entry point.
VION 11/17 Cup hdl 5.06 +0.18 4.85 6 1.1M 700K 4.57
Current.
VIP 10/26 Test BO 126.75 +7.96 112.85 124 977K 500K 114.28
Current. Announced excellent earnings and blasted higher on
strong volume. Took half the gain and let the rest run.
VRSN 09/29 DB hdl 32.96 +1.47 20.44 24.44 5.8M 2.6M 29.97
Current.
XLNX 10/25 Test BO 32.95 +0.66 30.21 34.44 8.4M 10M 31.88
Current.
ZQK 10/06 FlyPlat 29.86 +0.24 26.46 32 654K 525K 27.95
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AVP 11/15 Put 38.43 -0.65 38.4 36.42 3.9M 3.8M 39.35
Entered today.
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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us stock market
stock split
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