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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: AMGN; AQNT; BRCM; CHS; CRM; DIOD; DNA; FFIV; HCC; HOLX; MRVL; NTRI; NVDA, etc.
Wednesday night play results:
BRCM: Continued the move though volume could be better.
OXPS: Solid trade as OXPS started higher.
MRVL: Nice move into earnings and soaring after hours.
WBSN: Survived a downgrade and still ready to move.
Upside:
Play Date: 11/17/2005
GME (Gamestop--$35.72; +0.27; optionable): Electronics games stores
http://biz.yahoo.com/p/g/gme.html
After Hours: $36.47
STATUS: Cup w/handle. GME is forming a low volume handle the past two weeks to its 11 week pattern that formed around the 50 day EMA (34.45). A solid performer with great fundamentals and technical pattern, ready to breakout to a new all-time high. Ready to move in as GME breaks higher and starts its new run.
Volume: 926.6K Avg Volume: 1.211M
BUY POINT: $37.55 Volume=1.8M Target=$44.95 Stop=$35.44
POSITION: GME DG - Apr. $35c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/gme.html
Play Date: 11/17/2005
PSSI (PSS World Medical--$14.64; +0.69; optionable): Medical equipment
http://biz.yahoo.com/p/p/pssi.html
STATUS: Reverse head and shoulders. Strong volume Thursday as PSSI broke out from its 16 week base formed using the 200 day SMA (12.68) as support. Strong 5 to 2 accumulation (5 up price weeks on rising volume to 2 down price weeks on rising volume) shows plenty of buying. Solid fundamentals to go along with an excellent pattern. The breakout is taking it to a 6 year high. Looking to enter positions on a further move and then again after the successful test of the breakout move.
Volume: 857.982K Avg Volume: 505.432K
BUY POINT: $14.85 Volume=758K Target=$17.85 Stop=$14.05
POSITION: PYQ BC - Feb. $15c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/pssi.html
Play Date: 11/17/2005
RMD (Resmed--$41.92; +1.42; optionable): Medical appliances
http://biz.yahoo.com/p/r/rmd.html
STATUS: Double bottom w/handle breakout. Excellent volume jump Thursday as RMD made the breakout from a 7 week base that used the important 50 day EMA (38.31) as support. Strong money flow and strong 4 to 1 accumulation show plenty of big money interest as this post-split makes a breakout to a new all-time. Ready to move in on a further break higher and will add on the successful test of the move.
Volume: 1.076M Avg Volume: 593.065K
BUY POINT: $42.15 Volume=625K Target=$48.55 Stop=$40.25
POSITION: RMD DV - Apr. $42.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/rmd.html
Continuing ready to move:
WBSN is still set to move after the downgrade.
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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trade stock
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