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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: SOX; ASPM; ATVI; BABY; CHS; CHRM; ESRX; HCC; LCAVL; LRCX; NWRE; STJ, etc.
Tuesday night play results:
ASPM: Huge break higher on strong volume.
LCAV: Solid move up off the 10 day EMA.
NTES: Tried the move but not quite there.
PSTI: Good price move; needs a bit more trade.
Upside:
Play Date: 11/02/2005
DO (Diamond Offshore--$59.35; +1.86; optionable): Oil and gas drilling (offshore)
http://biz.yahoo.com/p/d/do.html
STATUS: Double bottom w/handle. A short 5 week base has formed that used the 200 day SMA (51.75) as support on the second leg. It jumped higher, then worked laterally the past week on lower volume., holding near the 50 day EMA (56.82). Wednesday DO broke higher on stronger, above average volume. This stock can fly when it gets going. Ready to move in as it continues higher on stronger volume.
Volume: 2.082M Avg Volume: 1.782M
BUY POINT: $59.65 Volume=2.6M Target=$67.95 Stop=$57.65
POSITION: DO CL - Mar. $60c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/do.html
Play Date: 11/02/2005
BGC (General Cable--$17.55; +1.37; optionable): Cables and wires
http://biz.yahoo.com/p/b/bgc.html
After Hours: $17.55
STATUS: Double bottom breakout. Strong volume Monday and then again Tuesday as BGC broke out from its 12 week pattern. Solid 4 to 2 accumulation in the pattern (4 up price weeks on rising volume to 2 down price weeks on rising volume) shows net buying that set up the breakout and run. After such a strong move we anticipate BGC will come back some to test toward 17. If it gets close and starts to rebound we will start our position.
Volume: 885K Avg Volume: 330.171K
BUY POINT: $17.35 Volume=400K Target=$20.85 Stop=$16.45
POSITION: BGC BW - Feb. $17.50c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/bgc.html
Play Date: 11/02/2005
LSTR (Landstar System--$40.03; +1.10; optionable): Trucking
http://biz.yahoo.com/p/l/lstr.html
After Hours: $40.15
STATUS: Test 50 day EMA. LSTR surged higher in late August, breaking out from a 6 month base. It rallied to 40 in early October and then dropped to the 50 day EMA (37.36) in the market selling. It has bounced up and down the last three weeks, but found some footing at the 50 day in late September. Moving on solid volume Wednesday as LSTR knocks on door of its breakout to new all-time highs.
Volume: 454.142K Avg Volume: 439.315K
BUY POINT: $40.65 Volume=795K Target=$46.75 Stop=$38.32
POSITION: QRY DH - Apr. $40c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/lstr.html
New Buy Points on Current Plays:
Play Date: 11/02/2005
MRVL (Marvell Technology--$47.1; +1.48; optionable): Semiconductor integrated circuits. Forecast to announce a split 11-17-05 after the close.
BACKGROUND: Last announced a 2:1 split 2-26-04 at $42.90.
http://biz.yahoo.com/p/m/mrvl.html
After Hours: $47.06
STATUS: Reverse head and shoulders. A big test lower to end last week and a furious rebound. MRVL then continued the move this week, completing the right shoulder to its current 9 week base. Strong money flow is leading higher and relative strength is ready to make the breakout along with the price as MRVL moves to a 5 year high.
Volume: 2.912M Avg Volume: 3.434M
BUY POINT: $47.68 Volume=3.5M Target=$54.88 Stop=$45.48
POSITION: UVM BW - Feb. $47.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/mrvl.html
Play Date: 10/19/2005
WBSN (Websense--$59.58; +1.25; optionable): Internet business services
http://biz.yahoo.com/p/w/wbsn.html
STATUS: Cup w/handle. After blasting higher the prior week on strong volume, WBSN is moving laterally this week on very low, below average volume. This is forming the handle to its 8 month base, setting up the next breakout and run. Strong money flow is running higher ahead of price. Setting up for the breakout to a new all time high.
Volume: 439.006K Avg Volume: 572.642K
BUY POINT: $60.42 Volume=832K Target=$69.45 Stop=$58.25
POSITION: DQH DL - Apr. $60c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/wbsn.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 split
stock recommendation
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