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Begin part 3 of 3
THE PLAYS
Good movers: ADBE; ALO; ARW; ASML; EMKR; FFIV; GLG; PRFT; REDF
Monday night play results:
ADTN: Gapped higher on strong trade but gave back much of the move. May test and fill the gap before it continues higher.
ALO: Nice move higher.
HUM: Gapped higher and it too closed well off its high. Watchign for a bit of a test after that move and then a rebound to give us the entry.
New Plays:
Upside:
Play Date: 12/06/2005
BKS (Barnes & Noble--$42.03; +0.37; optionable): Bookstores
http://biz.yahoo.com/p/b/bks.html
STATUS: Double bottom w/handle. Volume has jumped this week as BKS bangs at the breakout point to its 19 week base that is setting the stock for a breakout to a new all-time high. Positive 3:2 accumulation in the pattern is setting up the breakout move. The volume indicates it is ready for the breakout move.
Volume: 1.076M Avg Volume: 664.143K
BUY POINT: $42.42 Volume=996K Target=$48.78 Stop=$41.05
POSITION: BKS DH - Apr. $40c (77 delta) &/or Stock
http://www.investmenthouse.com/cd/bks.html
Play Date: 12/06/2005
MUSE (Micromuse--$7.98; +0.03; optionable): Application software
http://biz.yahoo.com/p/m/muse.html
After Hours: $7.98
STATUS: MUSE is working on a 9 week trading range that formed above the 50 day EMA (7.37). It has moved up to the top of the range at 8, and then Tuesday tested lower to the 10 day EMA (7.70) on the low and rebounded on a sharp jump in above average volume. Strong money flow is leading the way. Positive 2 to 0 accumulation in the pattern is setting up the breakout. Like the volume and want to see it rally further as MUSE makes the breakout.
Volume: 1.372M Avg Volume: 833.865K
BUY POINT: $8.18 Volume=1.3M Target=$9.85 Stop=$7.61
POSITION: QUM DU - Apr. $7.50c (69 delta) &/or Stock
http://www.investmenthouse.com/cd/muse.html
Play Date: 12/06/2005
NEM (Newmont Mining--$48.75; +1.91; optionable): Gold mining
http://biz.yahoo.com/p/n/nem.html
After Hours: $48.75
STATUS: Reverse head and shoulders. Good volume this week as NEM heads for the breakout from its 12 month base sporting 10 to 8 accumulation (10 up price weeks on rising volume to 8 down price weeks on rising volume). Showing very good price/volume action the past few weeks and very strong, ready for a multiyear high.
Volume: 9.42M Avg Volume: 6.135M
BUY POINT: $49.05 Volume=7M Target=$56.35 Stop=$46.22
POSITION: NEM CW - Mar. $45c (67 delta) &/or Stock
http://www.investmenthouse.com/cd/nem.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AAPL, CELG, BR, COH, NVDA, PSYS, RTSX, STN, UNH
CELG: Volume is edging up as CELG moves off the 18 day EMA.
COH: Good recovery off the 18 day EMA but not a lot of trade yet.
RTSX: Dumped lower, testing the 18 day EMA on strong volume.
SUBSCRIBER WATCHLIST
We continually receive ideas for potential plays from subscribers. Many times they are already on our watchlists, other times not. We always take a look and sometimes find a gem or two, or more. We don't necessarily endorse these, but want to provide a forum for subscribers with ideas that may appeal to other subscribers. We may just put on the ticker or we might describe our thoughts as to why or why not we think it is a buy or sell. This is a way we can all learn a bit more and maybe find a few more candidates to make us some good money.
ARD: A new issue in 2003, ARD is working on a 9 week ascending base forming along the 50 day EMA. Very nice and a breakout sends it to a new all-time high.
OSUR: Working laterally the past week, consolidating some after a strong gap higher to end November. After this move it will be ready for more upside.
CTHR: Trying a breakout move Monday after a hard fall in its 19 week base. Good recovery on volume and looks ready to deliver a breakout move.
Good Investing!
Jon L. Johnson and The Daily Staff
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 of 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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