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Begin part 3 of 3
THE PLAYS
Good movers: AQNT; BCSI; CHS; GENZ; GILD; LCAV; LSTR; MPWR; NILE; NWRE; RBAK; SAY; TRAD; WBSN
Thursday night play results:
QSII: Moved higher but no volume yet on this rebound
VAS: Still a nice, low volume pullback.
BCSI: Moving higher on solid trade
PSUN: Still in the test of the 10 day EMA and ready to go.
Upside: The telecom sector has set up well to provide some breakouts and runs near term, and we have a few of them on the report this weekend.
Play Date: 11/12/2005
^SOX (Philly Semiconductor Index--$461.15; -3.38; optionable)
http://biz.yahoo.com/p/^/^sox.html
STATUS: Test breakout. SOX broke above resistance at 660 Thursday and then gapped higher Friday but sold back on the low market volume. This breakout took it out of a 6 week double bottom with handle, and this test is giving us a good entry point after the test. A run to the target lands us a 75%ish gain on the option play.
BUY POINT: $463.45 Target=$482 Stop=$458
POSITION: SWA LM - Dec. $462.50c (52 delta)
http://www.investmenthouse.com/ci/^sox.html
Play Date: 11/12/2005
AMX (America Movil--$26.74; +0.3; optionable): Telecom wireless
http://biz.yahoo.com/p/a/amx.html
STATUS: Cup w/handle. Nice 6 week base has formed after a good run in September. AMX used the 50 day EMA (24.66) as support on the lows, a key institutional level, and it bounced on some solid trade from that level. After a drop off in volume the past week it spiked higher Thursday and Friday. Looks ready for the breakout move to a new all-time high. A top-rated stock in fundamentals and in its strong technical pattern.
Volume: 2.645M Avg Volume: 3.069M
BUY POINT: $27.11 Volume=4.6M Target=$32.75 Stop=$26.05
POSITION: AMX BE - Feb. $25c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/amx.html
Play Date: 11/12/2005
PWAV (Powerwave Technologies--$12.86; +0.16; optionable): Telecom equipment
http://biz.yahoo.com/p/p/pwav.html
After Hours: $12.86
STATUS: Breakout test. PWAV gapped higher a week back, moving out of a 6 week double bottom base. It rallied to 3.5 year high on volume and then faded back last week lon lower trade to test the move. Thursday it tapped at the 10 day EMA (12.47) on the intraday low and rebounded on strong, above average volume. Excellent 4 to 1 accumulation (4 up price weeks on rising volume to 1 down price weeks on rising volume) and surging money flow are setting the stage for another run higher. Another top rated stock in fundamentals and technical pattern.
Volume: 1.276M Avg Volume: 2.333M
BUY POINT: $13.22 Volume=3.5M Target=$15.88 Stop=$12.32
POSITION: VFQ BV - Feb. $12.50c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/pwav.html
Play Date: 11/12/2005
VDSI (Vasco Data Security--$12; +0.47; no options): Security software
http://biz.yahoo.com/p/v/vdsi.html
STATUS: Cup w/handle breakout. Volume was down in the market Friday, but it was strong in VDSI as it made the breakout from its 14 week base sporting positive accumulation, surging money flow, and a relative strength breakout. The latter confirms the strength of the move. Ready to enter as VDSI continues this breakout move, and we will then look at adding positions on a test of a strong breakout.
Volume: 1.064M Avg Volume: 526.865K
BUY POINT: $12.15 Volume=790K Target=$14.75 Stop=$11.35
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/vdsi.html
Play Date: 11/12/2005
VIP (Vimple Communication--$42.10; -0.09; optionable): Russian wireless telecom
http://biz.yahoo.com/p/v/vip.html
STATUS: Cup w/handle. One of our favorite foreign telecoms to play, VIP is setting up well once more to give us another breakout move. It peaked on a nice August to September run in late September and slipped into this base as the market corrected. Nice rally higher and a very nice and tight lateral move the past week on low volume. It did not breakout with the market last week, but we anticipate it is going to do it this week. Solid 2 to 0 accumulation in the pattern is setting up the break higher.
Volume: 356.6K Avg Volume: 788.702K
BUY POINT: $42.88 Volume=1.2M Target=$49.95 Stop=$41.11
POSITION: VIP DH - Apr. $40c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/vip.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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