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stock recommendation, stock market recommendation
Begin part 3 of 3
THE PLAYS
Good movers: OXPS; PSSI
New Plays:
Upside:
Play Date: 11/28/2005
KOMG (Komag--$33.22; +0.01; optionable): PC data storage devices
http://biz.yahoo.com/p/k/komg.html
After Hours: $35.01
STATUS: Cup w/handle. KOMG is forming a handle to its 14 week base, easing back the past three sessions on low, below average volume. The base formed using the 200 day SMA (28.47) as support, an important institutional support level. Positive accumulation shows net buying during the base. Setting up for the breakout and move to a new all-time high. We can let it run to the prior high and make a nice gain; if it breaks over that level, all the better. Solid fundamentals to go along with the base.
Volume: 852.144K Avg Volume: 1.393M
BUY POINT: $33.88 Volume=2.1M Target=$39.95 Stop=$32.25
POSITION: QKX CG - Mar. $35c (48 delta) &/or Stock
http://www.investmenthouse.com/ci/komg.html
Play Date: 11/28/2005
UPCS (Ubiquitel--$9.61; -0.07; optionable): Wireless telecom
http://biz.yahoo.com/p/u/upcs.html
After Hours: $9.57
STATUS: Breakout test. UPCS shot higher Monday as another telecom (APCS) announced it was being acquired. That move broke it out of an 18 week triangle that formed using the 200 day SMA (8.02) as support on the lows. Outstanding 5 to 1 accumulation in the pattern (5 up price weeks on rising volume to 1 down price weeks on rising volume) shows lots of buying that set up the breakout. That accumulation will help propel it higher after it completes this test. Likely to head back to the 10 day EMA (9.34) before it is done, but we want to be ready to move in if it continues higher from here.
Volume: 654.772K Avg Volume: 911.108K
BUY POINT: $9.88 Volume=1.4M Target=$11.65 Stop=$9.28
POSITION: QQP CB - Mar. $10c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/upcs.html
Play Date: 11/28/2005
VIP (Vimple Communication--$45.01; +0.01; optionable): Russian wireless telecom
http://biz.yahoo.com/p/v/vip.html
STATUS: Cup w/handle. VIP tried to make the break just over a week back, but immediately fell back for a test. It held the test and has formed a second handle to its 9 week base. Outstanding 4 to 0 accumulation (4 up price weeks on rising volume to 0 down price weeks on rising volume) shows plenty of buying in the pattern as VIP sets up for a breakout to a new all-time high. Held up very well in the Monday selling; VIP is ready to break higher as the market fades in a test.
Volume: 1.054M Avg Volume: 793.711K
BUY POINT: $45.66 Volume=1.2M Target=$52.55 Stop=$43.71
POSITION: VIP DI - Apr. $45c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/vip.html
Play Date: 11/28/2005
VSAT (Viasat--$27.63; -0.21; optionable): Telecom equipment
http://biz.yahoo.com/p/v/vsat.html
STATUS: Test breakout. VSAT broke out last week from a short but sweet 7 week cup base sporting strong 3 to 0 accumulation. Strong volume on the move, peaking at 28 Friday and easing back on lower volume. It is likely to test the 10 day EMA (26.75) before it is ready to move back up and continue the breakout. Going to let it make the test and then move in as it rebounds on rising trade. Solid, top-rated in both fundamentals and technical pattern.
Volume: 124.25K Avg Volume: 180.653K
BUY POINT: $27.25 Volume=271K Target=$32.35 Stop=$26.45
POSITION: IQS BE - Feb. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/vsat.html
Current plays ready to move:
Play Date: 11/21/2005
AMT (American Tower--$26.39; +0.15; optionable): Telecom services
http://biz.yahoo.com/p/a/amt.html
STATUS: Breakout test. Moving in a very tight range over the 10 day EMA (26.04) on below average volume, ignoring the market selling. AMT has been moving laterally for the past two weeks, now the range tightening. That often occurs before the move higher continues. Nice test of the breakout from its 8 week base. Strong money flow is leading higher. Just waiting for the volume to come in.
Volume: 2.393M Avg Volume: 3.312M
BUY POINT: $26.49 Volume=4M Target=$31.45 Stop=$25.08
POSITION: AMT DE - Apr. $25c (74 delta) &/or Stock
http://www.investmenthouse.com/ci/amt.html
Play Date: 11/15/2005
WFR (Memc Electronic--$22.47; -0.01; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/w/wfr.html
STATUS: Cup w/handle. Still working on the nice handle to its 8 week base as WFR prepared to breakout to an 8 year high. After the nice break higher two weeks back it is setting up very nicely for the breakout.
Volume: 1.664M Avg Volume: 3.323M
BUY POINT: $23.35 Volume=4.9M Target=$27.65 Stop=$22
POSITION: WFR DX - Apr. $22.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/wfr.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 market recommendation
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