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Begin part 2 of 2
Full report issues Wednesday.
THE PLAYS
NEW PLAYS:
Upside:
Play Date: 01/04/2005
GERN (Geron--$8.22; +0.45; optionable): Drugs
http://biz.yahoo.com/p/g/gern.html
After Hours: $8.20
STATUS: Cup w/handle. Volume shot higher Tuesday as GERN moved toward the breakout from a 9 week base formed at the tail end of a much larger 15 month base. This is the first nice base off of the low; if it breaks out it has a lot of room to the upside. Excellent 4 to 0 accumulation (4 up price weeks on rising volume to 0 down price weeks on rising volume) shows all buyers in this last base, setting up the breakout and run. Excellent money flow is leading higher. Looking for more strong trade as GERN makes the breakout move.
Volume: 4.574M Avg Volume: 1.204M
BUY POINT: $8.49 Volume=1.8M Target=$10.88 Stop=$7.98
POSITION: GQD FU - June $7.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ct/gern.html
Play Date: 01/04/2005
HYSL (Hyperion Solutions--$45.14; -1.14; optionable): Application software
http://biz.yahoo.com/p/h/hysl.html
STATUS: Double bottom w/handle. HYSL has formed a short 5 week pattern that is acting as a test of the breakout from an 18 week base in November. Solid 2 to 0 accumulation in the short base and 7 to 5 accumulation in the larger pattern. That shows net buyers. Solid money flow as well. HYSL sold to the 18 day EMA (45.19) in the Tuesday selling, but overall it is holding up well and we anticipate it will rebound from this range and give us the breakout to continue its run higher.
Volume: 799.241K Avg Volume: 684.09K
BUY POINT: $46.88 Volume=850K Target=$55 Stop=$45.05
POSITION: WQE EI - May $45c (63 delta) &/or Stock
http://www.investmenthouse.com/ct/hysl.html
CONTINUING PLAY TABLE:
* * SPREADSHEET DOWNLOAD * * *
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http://www.technicaltraders.com/ttr/table.php
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http://www.investmenthouse.com/rescue/rescue.php3
LEGEND
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: Asc Tri=Ascending triangle/wedge; 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/wedge; 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.
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAPL 12/16 Test BO 63.94 +0.65 66.68 76 20M 15M 64.75
Current.
AAPL 12/09 Test 18 63.94 +0.65 65.52 76 20M 15M 62.05
Current.
ACPW 12/06 Test BO 4.31 -0.18 4.72 6.11 161K 207K 4.55
Buy Not Issued.
ACTI 01/03 Cup hdl 8.75 -0.51 9.48 11.48 351K 323K 8.82
Buy Not Hit.
AMMD 12/18 DB hdl 39.81 -1.38 41.74 49.25 201K 450K 41.48
Current.
ANT 12/29 Rv H&S 38.6 -1.68 42.52 48.55 731K 400K 40.88
Buy Not Issued. Stock has not performed so will drop.
ARRY 12/21 Cup hdl 9.1 -0.24 9.57 11.55 360K 375K 8.97
Buy Not Issued.
BIIB 12/08 Flat 64.76 -1.53 65.12 75 3.9M 4.5M 65.48
Exited.
CENT 12/15 Cup hdl 39.4 -0.72 41.12 50.15 133K 160K 39.64
Current.
CERN 12/13 Test BO 51.68 -0.73 53.48 60.55 404K 565K 52.12
Current.
CPS 12/23 DB hdl 45.3 -0.15 45.35 51 346K 400K 45.43
Exited. Shook us out as it sold on volume and then recovered
to hold the 18 day EMA. Frustrating session, but if
it breaks out again we will look at new positions.
CRGN 12/18 Cup hdl 6.66 -0.35 7.78 9.45 477K 542K 7.22
Buy Not Hit.
CSTR 12/15 Test 50 25.3 -0.85 27.03 32.48 283K 350K 26.04
Current.
CYT 12/20 Cup hdl 49.6 -2.6 50.84 58.78 1.1M 560K 49.89
Exited.
DUSA 11/16 Flat 14.33 +0.07 12.88 15.35 144K 208K 13.84
Current.
ECL 12/06 FlyPlat 34.16 -0.44 35.55 40.38 884K 1.2M 34.65
Buy Not Hit.
EFJI 12/23 DB hdl 9.04 -0.46 9 10.85 214K 178K 9.44
Current.
EMC 12/30 Cup hdl 14.31 -0.42 15.01 18 17M 18M 14.33
Buy Not Issued.
EXTR 11/06 Cup 5.98 -0.44 6.68 8.68 3M 2.5M 6.65
Exited.
FFIV 12/27 FlyPlat 44.72 -2.33 49.59 57.55 1.5M 1.2M 47.78
Current.
GENZ 11/22 Cup hdl 56.7 -0.69 57.45 63.75 2.4M 3.2M 56.14
Current.
GOOG 12/18 Pennant 194.5 -8.21 185.85 214 14M 12M 198.87
Current.
GPN 12/22 Test 50 56.69 -1.03 56.79 66 322K 400K 57.12
HELE 12/22 DB hdl 31.96 -1.17 33.54 38.95 253K 430K 33.32
Current.
HOLX 12/22 Test BO 25.79 -1.41 28.48 33.98 292K 250K 27.24
Current.
HPOL 12/07 Test 20 7.75 -0.19 7.62 9.18 728K 400K 7.75
Trailing Stop.
IDXC 12/01 Test BO 33.05 -1.16 36.35 42 203K 130K 34.77
Buy Not Issued. The stock has not performed so will drop.
IMDC 12/20 Cup hdl 60.6 -2.24 63.59 73.65 250K 572K 61.55
Buy Not Hit.
JCOM 12/28 Cup hdl 32.63 -1.16 36.05 42.96 626K 600K 34.24
Exited.
JUPM 12/27 Rv H&S 21.86 +0.26 21.76 25.98 959K 665K 22.94
Current.
KMRT 08/18 Dbl btm 100.35 +0.25 80.22 92 1.3M 3.6M 105
Current.
KOOL 12/18 Cup hdl 6.37 +0.12 6.54 7.89 346K 350K 6.15
Buy Not Issued.
LRCX 12/29 Cup hdl 26.79 -1 29.42 34 2.7M 2.5M 27.89
Buy Not Hit. The stock has not performed so will drop.
MIPS 11/11 Test BO 9.4 -0.32 8.67 10.41 512K 347K 9.44
Current.
MNDO 12/13 Cup hdl 5.2 -0.27 5.48 7 417K 366K 5.32
Current.
MNST 12/13 Rv H&S 29.8 -2.59 30.98 37.38 6.7M 2.1M 31.97
Current.
MRCY 12/30 Cup hdl 28.29 -1.32 30.15 36 153K 276K 29.28
Buy Not Hit. the stock has not performed so will drop.
MRGE 12/27 Test BO 21.97 -0.13 21.78 25.95 82K 170K 22.48
Current.
NCR 10/23 Test BO 66.9 -1.41 54.05 62.35 726K 725K 67.24
Trailing Stop. Took rest of strong 300+% option gain (January options) & let rest of stock position ride. Needs to recover the 18 day EMA in next session or two.
NEOL 12/22 Test BO 12.16 -0.01 13.12 16 533K 450K 12.32
Buy Not Issued.
NGEN 12/20 Test BO 6.64 -0.34 7.38 9.35 2.1M 2.4M 6.95
Current.
NKE 01/03 Test BO 89.4 -1.29 91.88 100 808K 1.2M 89.25
Buy Not Hit.
NTES 12/27 Cup hdl 51.85 -0.61 53.15 63 637K 1.2M 50.78
Buy Not Issued.
NXTP 12/09 Test 50 19.08 -0.35 18.58 23.35 3.6M 2M 18.72
Current.
PRFT 12/16 Test BO 8.18 -1.11 6.9 8.45 4M 236K 8.57
Current.
SMDI 12/20 Cup 5.68 -0.56 6.12 7.71 351K 250K 6.08
Exited.
STK 12/27 Test BO 31.57 -0.05 31.68 37 1.9M 900K 30.77
Current.
STK 11/30 DB hdl 31.57 -0.05 29.92 35.54 1.9M 1.4M 30.62
Current.
USNA 01/03 Cup hdl 33.55 -0.36 35 42 160K 303K 33.42
Buy Not Hit.
VISG 12/29 Cup 8.74 -0.17 9.75 11.75 896K 1.3M 9.07
Buy Not Hit.
WMS 12/02 Rv H&S 31.74 -1.38 31.65 37.45 550K 945K 31.72
Current.
WWCA 01/03 Asc Tri 30.78 0 31.22 35.85 4.4M 1.3M 29.48
Entered today. Was running well again on volume but ended up giving
the move back. Not bad given the drubbing the market took.
WYNN 12/11 Cup 65.41 -0.14 68.48 78.75 1.1M 1.5M 66.35
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ANN 12/20 Put 20.57 -0.03 20.55 17.75 1.2M 1.6M 21.24
Entered today.
PXP 01/03 Put 24.75 -0.22 24.78 22.85 601K 700K 25.38
Entered today.
Good Investing!
Jon L. Johnson and your Technical Traders Report 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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