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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: AMED; CVD; DNA; FIC; INGR; MSTR; SYNM; VAS; HRB; TBL
Weekend play results:
CMVT: Volume continues to edge higher as CMVT moves off the 18 day EMA. Ready.
KERX: Low volume continues as KERX moves laterally over the 18 day EMA.
SYNM: Nice volume break higher.
CC: Started lower but no volume.
HRB: Volume continued as HRB moved lower.
New Plays:
Upside:
Play Date: 08/22/2005
AEZ (American Oil & Gas--$5.75; +0.27; no options): Independent oil and gas
http://biz.yahoo.com/p/a/aez.html
STATUS: Double bottom w/handle. Good volume Monday as AEZ started the breakout from its 8 week pattern formed using the 50 day EMA (4.93) as support. Solid 2 to 0 accumulation in the pattern (2 up price weeks on rising volume to 0 down price weeks on rising volume) and surging money flow have set the stage as AEZ is ready to move to a new all-time high (went public in late 2003).
Volume: 324.6K Avg Volume: 209.055K
BUY POINT: $5.85 Volume=314K Target=$7.05 Stop=$5.44
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/aez.html
Play Date: 08/22/2005
ORBK (Orbotech--$25.45; +0.82; optionable): Automated optical inspection products for printed circuit boards, flat panel displays
http://biz.yahoo.com/p/o/orbk.html
After Hours: $25.41
STATUS: Test 50 day EMA. ORBK broke out from a 20 week double bottom base in late July and rallied to 26. It tested back with the market, holding above the 50 day EMA (23.65) on the test. A solid volume jump Thursday and then an upside move today on rising volume. Looks like a successful breakout test and a buy on a continued volume move higher. The base sports outstanding 8 to 2 accumulation (8 up price weeks on rising volume to 2 down price weeks on rising volume), setting the foundation for a good move. Money flow is surging ahead of price.
Volume: 126.6K Avg Volume: 112.917K
BUY POINT: $25.57 Volume=200K Target=$29.89 Stop=$24.52
POSITION: OKQ AE - Jan. $25c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/orbk.html
Play Date: 08/22/2005
SMH (Semiconductor Holders Trust--$36.77; +0.53; optionable)
http://biz.yahoo.com/p/s/smh.html
STATUS: Test 50 day EMA. Volume jumped back up toward average Monday as the semiconductor ETF jumped off the 50 day EMA (36.02) and then cleared the 18 day EMA (36.69) on the close. Stair-stepping up the 50 day EMA since the April bottom, this being the second such test. Good volume and looking for positions as it continues its move higher as the semiconductors try to lead the rebound.
Volume: 18.462M Avg Volume: 21.361M
BUY POINT: $36.88 Volume=21M Target=$41.38 Stop=$36
POSITION: SMH KG - Nov. $35c (72 delta)
http://www.investmenthouse.com/ci/smh.html
Downside:
Play Date: 08/22/2005
FST (Forest Oil Corp.--$42.57; -0.08; optionable): Independent oil and gas
http://biz.yahoo.com/p/f/fst.html
STATUS: Put. FST made a new 10 year high in early August, but volume lagged and the moves stalled. Moreover, the stocks started to sell on much higher, above average volume, a sign that the buyers on the way up have turned to sellers. It crashed through the 50 day EMA (43.27) Tuesday, sold hard Wednesday, and then made a lower volume rebound Thursday and Friday. Monday it tapped at the 50 day on the high and turned back down on rising though still below average volume. Money flow is falling steeply ahead of the price, and we anticipate FST to continue to follow it lower after this 'kiss goodbye.' A move to the target gains us 44%ish.
Volume: 644.2K Avg Volume: 726.939K
BUY POINT: $42.25 Volume=735K Target=$40.12 Stop=$42.89
POSITION: FST VI - Oct. $45p (-62 delta)
http://www.investmenthouse.com/ci/fst.html
Continuing plays ready to move:
Play Date: 08/17/2005
AMT (American Tower--$23.24; +0.24; optionable): Telecom towers
http://biz.yahoo.com/p/a/amt.html
STATUS: Test breakout. Volume moved up to average Monday after a good surge Thursday. That volume is telling us AMT is ready to make its move and continue its breakout run that started in late June.
Volume: 3.174M Avg Volume: 3.372M
BUY POINT: $23.38 Volume=5.1M Target=$26.88 Stop=$22.31
POSITION: AMT AX - Jan. $22.50c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/amt.html
Play Date: 08/17/2005
MCHP (Microchip--$31; +0.24; optionable): Semiconductors
http://biz.yahoo.com/p/m/mchp.html
After Hours: $30.92
STATUS: Test 50 day EMA. Low volume the past four sessions as MCHP moves laterally along the 50 day EMA (30.72), showing dojis on the candlestick pattern. We think semiconductors are going to try a lead higher here and MCHP looks ready to follow its money flow higher.
Volume: 941.362K Avg Volume: 1.568M
BUY POINT: $31.22 Volume=1.7M Target=$35.95 Stop=$30.44
POSITION: QMT AF - Jan. $30c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/mchp.html
Play Date: 08/17/2005
MSCC (Microsemi--$23.29; +0.32; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/m/mscc.html
After Hours: $23.30
STATUS: Breakout test. Volume edged higher as MSCC moved toward the continued breakout move. MSCC broke out in May, tested the 50 day EMA in June and shot higher. It has moved laterally over the 18 day EMA (22.42) the past 6 weeks and now looks ready to jump higher once more.
Volume: 494.924K Avg Volume: 857.371K
BUY POINT: $23.54 Volume=900K Target=$27 Stop=$22.29
POSITION: QMS LX - Dec. $22.50c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/mscc.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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