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Begin part 3 of 3
THE PLAYS
Good movers Monday: ARBA; ATSN; ATVI; BWLD; INOD; MNDO; NGEN
Weekend play results:
AXYX: going the wrong way on rising trade.
FALC: Big dip lower and rebounded to hold the pattern. A bit wild, but still in the pattern.
FLO: Still in the nice breakout test.
HDI: Holding steady on lower volume following the strong Friday move.
LCAV: Moving laterally still on below average volume.
SGMS: Good volume is SGMS took out the recent high.
New Plays:
Play Date: 12/13/2004
CBST (Cubist Pharmaceuticals--$12.69; +0.53; optionable): Drugs
http://biz.yahoo.com/p/c/cbst.html
After Hours: $12.61
STATUS: Double bottom w/handle. Working laterally over the 18 day EMA (12.02) in the three week handle to its 11 month base. Solid 12 to 7 accumulation in the pattern (12 up price weeks on rising volume to 7 down price weeks on rising volume) shows net buyers during the pattern and setting up the foundation for a breakout. Strong money flow is surging ahead of the stock price even as it moves laterally, a good positive divergence that we expect CBST to follow. Volume has yet to jump on this move, something we want to see as it makes the breakout.
Volume: 491.545K Avg Volume: 545.409K
BUY POINT: $12.95 Volume=818K Target=$15.75 Stop=$12.04
POSITION: UTU EV - May. $12.50c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/cbst.html
Play Date: 12/13/2004
CERN (Cerner--$51.95; +0.78; optionable): Healthcare information software
http://biz.yahoo.com/p/c/cern.html
After Hours: $51.98
STATUS: Breakout test. Nice low volume pullback to the 18 day EMA (51.38) to test the mid-November breakout from the 8.5 month trading range. Excellent 11 to 4 accumulation set up the breakout move. Making the first serious test, and the low volume shows few sellers as it eases back. Strong money flow has held its ground on the pullback. Volume needs to rally along with the stock.
Volume: 291.088K Avg Volume: 478.363K
BUY POINT: $53.48 Volume=565K Target=$60.55 Stop=$51.24
POSITION: CQN CJ - Mar. $50c (68 delta)
http://www.investmenthouse.com/ci/cern.html
Play Date: 12/13/2004
EFJI (EFJ, Inc.--$8.31; +0.21; no options): Telecom equipment
http://biz.yahoo.com/p/e/efji.html
After Hours: $8.34
STATUS: Double bottom w/handle. Excellent volume Monday as EFJI started the breakout from the 22 week base sporting excellent 9 to 3 accumulation. The stock is ready to breakout to a new multiyear high, a level with no overhead supply (buyers at higher prices) ready to push it lower when disgruntled shareholders who bought higher unload their shares. Looking very good and ready to move in on a further break higher on solid trade.
Volume: 464.114K Avg Volume: 119K
BUY POINT: $8.55 Volume=178K Target=$10.35 Stop=$7.95
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/efji.html
Play Date: 12/13/2004
VISG (Visage Technology--$8.99; +1.27; optionable): Identity solutions software for government, law enforcement agencies, and businesses
http://biz.yahoo.com/p/v/visg.html
After Hours: $8.43
STATUS: Cup. Volume has surged the past two weeks as VISG has started the move off the bottom of its 8 month cup base. Excellent 11 to 3 accumulation in the pattern shows a lot of buying in the base even before it starts building the right side of the base where a lot of buying takes place. Strong money flow is way out ahead of the stock. Volume shot higher Monday as VISG blasted off the 200 day SMA (7.69) after a two week lateral move over that level following a late November break through that resistance level. Ready to move in as it continues its break higher.
Volume: 3.583M Avg Volume: 834.136K
BUY POINT: $9.12 Volume=1.3M Target=$10.98 Stop=$8.65
POSITION: TUM DU - Apr. $7.50c (77 delta) &/or Stock
http://www.investmenthouse.com/ci/visg.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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