stock split, stock recommendation

Begin part 3 of 3

THE PLAYS

Good movers: AQNT; ATVI; BCSI; CHS; GENZ; GILD; PSUN; TRAD; VCLK

Wednesday night play results:
DO: Gapped higher on stronger volume.
BGC: Gapped higher and then started to test.
LSTR: Broke higher but volume did not follow it.
MRVL: Strong volume early and MRVL was surging, but it gave much of the move back by the close.
WBSN: Rallied but came off the high toward the close so we decided to wait and see if it will come back a bit more Friday for a better entry point.

Upside:

Play Date: 11/03/2005
AMGN (Amgen--$77.51; +3.61; optionable): Biotechnology
http://biz.yahoo.com/p/a/amgn.html
After Hours: $77.74
STATUS: Cup. AMGN is working on a 7 week cup that has formed as a test of the big July gap higher. It filled most of the gap on the pullback. Thursday it jumped up through the 50 day EMA (77.18) on a return to above average volume. Looking for more volume as AMGN continues the move higher and follows the strong money flow.
Volume: 12.365M Avg Volume: 8.45M
BUY POINT: $78.25 Volume=13M Target=$89.95 Stop=$75.45
POSITION: YAA AO - Jan. $75c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/amgn.html

Play Date: 11/03/2005
DADE (Dade Behring Holdings--$37.37; +0.07; optionable): Diagnostic substances
http://biz.yahoo.com/p/d/dade.html
STATUS: DADE is working on a ragged 13 week cup base that has come back from a July gap higher to test the move and fill the gap. It has done that, sporting strong 6 to 3 accumulation (6 up price weeks on rising volume to 3 down price weeks on rising volume), showing plenty of buying during the test. Volume jumped back up above average the past week as DADE bottomed over the 200 day SMA (33.14) and rebounded. It may take another day or two to work laterally after that move, but then give us a breakout to a new all-time high. Strong top rated stock in its third year since going public.
Volume: 1.074M Avg Volume: 657.242K
BUY POINT: $38.11 Volume=1M Target=$43.85 Stop=$36.45
POSITION: JDQ BU - Feb. $37.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/dade.html

Play Date: 11/03/2005
IIJI (Internet Initiative Japan--$10.37; +1.15; optionable): Internet service provider
http://biz.yahoo.com/p/i/iiji.html
After Hours: $10.23
STATUS: Flat base. A pancake flat base the past 15 weeks started to break upside Thursday as volume jumped above average for the first time in a month. Strong move toward the breakout from a pattern sporting excellent 7 to 0 accumulation (7 up price weeks on rising volume to 0 down price weeks on rising volume). Looking to capture the move higher to its prior high near 13.
Volume: 3.49M Avg Volume: 1.096M
BUY POINT: $10.65 Volume=1.6M Target=$12.85 Stop=$9.91
POSITION: IQD DB - Apr. $10c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/iiji.html

Play Date: 11/03/2005
SRCL (Stericycle--$58.88; -1.57; optionable): Waste management
http://biz.yahoo.com/p/s/srcl.html
After Hours: $58.75
STATUS: Breakout test. SRCL is moving up toward its former split price, but in the meantime this leading stock is giving us a great entry point after a surge higher earlier in this week that took it out of a downtrend that started in August (just as with NASDAQ). SRCL, however, moved to a new all-time high and is now testing that move. Looking for SRCL to hold near the 10 day EMA (57.80) and then resume the breakout move. Strong stock with top rated fundamentals and technical pattern.
Volume: 491.007K Avg Volume: 266.023K
BUY POINT: $59.32 Volume=399K Target=$68.45 Stop=$57.68
POSITION: URL BL - Feb. $60c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/srcl.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.

stock split
stock recommendation