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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: ATVI; CRM; GPN; HOLX; STMP; SYKE; UNH; AXL
Monday night play results:
IDC: Dumped back down after the good move Monday.
PSUN: Moving higher on continued solid volume.
STJ: Gapped higher but could not advance the ball.
STMP: Nice continuation move on solid trade.
Upside:
Play Date: 11/01/2005
ASPM (Aspect Medical--$32.48; -0.14; optionable): Medical appliances/equipment
http://biz.yahoo.com/p/a/aspm.html
After Hours: $32.48
STATUS: Cup w/handle. Nice handle has formed the past week to ASPM's 12 week base sporting solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume). Strong accumulation to go with strong money flow leading higher. Nice pattern that formed using the 200 day SMA (27.17) as support on the low, a good sign that institutions moved in to support it at that level. Looks solid and earnings are out Wednesday. Looking for that to give us a breakout, and an entry point on the test.
Volume: 85.857K Avg Volume: 153.532K
BUY POINT: $33.15 Volume=230K Target=$39.45 Stop=$31.28
POSITION: UCU BF - Feb. $30c (72 delta) or UCU BG - Feb. $35c (45 delta) &/or Stock
http://www.investmenthouse.com/ci/aspm.html
Play Date: 11/01/2005
LCAV (LCA-Vision--$41.45; -0.46; optionable): Fixed site laser vision correction centers
http://biz.yahoo.com/p/l/lcav.html
After Hours: $41.45
STATUS: Test breakout. LCAV gapped higher on strong volume last week on huge earnings. It has come back to test and fill the gap, holding at the 10 day EMA (40.67) on the Tuesday low. Good trend gap reversal from the decline from July. Held at the 200 day SMA (37.38) and then gapped; good support point to move from. Strong money flow is leading back up and we expect LCAV to follow it. Top rated earnings.
Volume: 909.4K Avg Volume: 769.5K
BUY POINT: $42.32 Volume=1.2M Target=$48.75 Stop=$40.55
POSITION: JVQ CH - Mar. $40c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/lcav.html
Play Date: 11/01/2005
NTES (Netease.com--$82.83; +6.56; optionable): Chinese internet
http://biz.yahoo.com/p/n/ntes.html
After Hours: $82.76
STATUS: Double bottom. Taking another run at NTES, a very volatile stock, but when it runs the gains pile up quickly. It has made a short but nice double bottom at 75 where there is support from the August lateral range. Volume shot higher Tuesday as NTES jumped back through the 50 day EMA (78.49), following money flow that has turned higher. Looking to catch the momentum as it heads higher toward the prior high at 95.
Volume: 2.389M Avg Volume: 1.309M
BUY POINT: $83.55 Volume=1.5M Target=$94.89 Stop=$78.38
POSITION: NQG AQ - Jan. $85c (49 delta) &/or Stock
http://www.investmenthouse.com/ci/ntes.html
Play Date: 11/01/2005
PSTI (Per-Se Technologies--$22.06; -0.17; optionable): Healthcare solutions for physicians and hospitals
http://biz.yahoo.com/p/p/psti.html
After Hours: $22.02
STATUS: Cup w/handle. Earnings are out tomorrow morning, and PSTI is set to move higher with a nicely formed 12 week base that has formed and ready to push PSTI to a new 6 year high. Positive accumulation to go along with this strong pattern. Looking for earnings to move PSTI higher early and will look for a test of that move that likely holds the breakout (and buy point) and moves up from that level. That is our entry point.
Volume: 203.14K Avg Volume: 295.877K
BUY POINT: $22.72 Volume=444K Target=$27 Stop=$21.55
POSITION: MQA CX - Mar. $22.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/psti.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 investment information
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