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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 11/29/2005
FORM (Formfactor--$27.52; +1.32; optionable): Semiconductor wafer probe cards
http://biz.yahoo.com/p/f/form.html
After Hours: $27.52
STATUS: Reverse head and shoulders. FORM is working on a 16 week base that formed on the heels of a 7 month cup with handle that failed to provide the breakout. It has set up well for a breakout to a new all-time high, forming the current accumulation pattern sporting positive net buying and surging money flow. Tuesday it gapped higher and crossed 28 on strong volume after a mention on Crazy Money, but it could not hold the move. Looking for it to continue the break higher on solid volume, holding the gain into the close. Solid stock with strong fundamentals to go with the pattern.
Volume: 1.964M Avg Volume: 545.663K
BUY POINT: $28.42 Volume=818K Target=$33.95 Stop=$26.43
POSITION: AFU DE - Apr. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/form.html
Play Date: 11/29/2005
PSUN (Pacific Sunwear--$26.63; +0.26; optionable): Apparel stores. Forecast to announce a split 12-8-05
BACKGROUND: Last announced a 3:2 split on 8-7-03 at $29.80. Prior to that a 3:2 split on 12-5-02 at $26.10. Three splits before that in 1997, 1998, and 1999.
http://biz.yahoo.com/p/p/psun.html
STATUS: Double bottom w/handle. Nicely formed 9 month base has formed as PSUN sets up for a breakout to another all-time high. The past month it has worked on forming the handle to the base on mostly below average volume, shaking out the last sellers. Solid 11 to 8 accumulation (11 up price weeks on rising volume to 8 down price weeks on rising volume) shows net institutional buying along with the strong money flow moving up ahead of price. Excellent pattern.
Volume: 2.612M Avg Volume: 1.616M
BUY POINT: $28.11 Volume=2.7M Target=$32.55 Stop=$26.21
POSITION: PVQ CE - Mar. $25c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/psun.html
Play Date: 11/29/2005
WIRE (Encore Wire--$24; 0.00; optionable): Copper electrical building wire and cable.
http://biz.yahoo.com/p/w/wire.html
STATUS: Test 18 day EMA. WIRE made us some money on its earlier run, and now it is making a nice test, tapping the 18 day EMA (23.12) on the Tuesday low and rebounding to close flat, right on top of the 10 day EMA. Volume jumped on the action, showing buyers came back in and bought the stock as it tested lower. This is testing the late October break higher that took WIRE out of a long 18 month cup with handle base. Nice test of near support, shaking out the near term sellers. Strong money flow, excellent relative strength. Ready to move back in as it continues the Tuesday rebound.
Volume: 508.292K Avg Volume: 296.989K
BUY POINT: $24.55 Volume=445K Target=$29.45 Stop=$23.05
POSITION: EJO BE - Feb. $25c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/wire.html
New buy point on a current position:
Play Date: 11/29/2005
COHU (Cohu--$25.77; -0.28; optionable): Chip equipment and materials
http://biz.yahoo.com/p/c/cohu.html
STATUS: Breakout test. Strong break higher a week back, moving COHU out of a 16 week base. It has come back to test the 10 day EMA (25.67), showing a doji at that level. Nice break higher, following the strong money flow. Relative strength broke out on the move as well. Excellent test, and ready to add to positions as it rebounds through the buy point on strong trade.
Volume: 266.283K Avg Volume: 204.15K
BUY POINT: $26.12 Volume=306K Target=$30 Stop=$25.05
POSITION: QCH BE - Feb. $25c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/cohu.html
Current plays ready to move:
Play Date: 11/28/2005
VSAT (Viasat--$27.59; -0.04; optionable): Telecom equipment
http://biz.yahoo.com/p/v/vsat.html
STATUS: Test breakout. Coming a back a bit further, tapping toward the 10 day EMA (26.91) on the low and rebounding to close basically flat. Nice action, shaking out the last sellers. May still come back to the 10 day before its is ready to continue the move, but we want to be ready. To recap: 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. Letting it make the test and will move in as it rebounds on rising trade. Solid, top-rated in both fundamentals and technical pattern.
Volume: 92.556K 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
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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