stock split, stock recommendation

Begin part 3 of 3

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THE PLAYS

Good movers: ABAX; ATHR; CHRW; CYMI; EZPW; FORM; FSL; INFA; MRVL; MSTR; SIRF; TRID; WFR; WIRE

Tuesday night play results:
ATHR: Super move on strong volume.
RNVS: Solid move higher on strong volume.
WITS: Nice price gain but no volume yet.
XXIA: Flat session.

New Plays:

Upside:

Play Date: 03/01/2006
CBST (Cubist Pharmaceuticals--$23.73; +1.62; optionable): Drugs
http://biz.yahoo.com/p/c/cbst.html
After Hours: $23.70
STATUS: Flat base. Volume has surged above average the past three sessions as CBST bumps up toward the top of its 14 week lateral pattern. Excellent 5 to 1 accumulation in the base (5 up price weeks on rising volume to 1 down price weeks on rising volume) shows a lot of buying as the stock took a breather, setting up for a 4 year high. Solid move Wednesday and it looks ready to give us that breakout. Relative strength is ready for the breakout as well, always a good sign for the stock.
Volume: 1.295M Avg Volume: 641.143K
BUY POINT: $23.95 Volume=750K Target=$28.75 Stop=$22.88
POSITION: UTU HX - Aug. $22.50c (81 delta) &/or Stock
http://www.investmenthouse.com/ci/cbst.html

Play Date: 03/01/2006
GRMN (Garmin Ltd.--$69.67; +0.85; optionable): GPS devices
http://biz.yahoo.com/p/g/grmn.html
After Hours: $69.67
STATUS: Ascending triangle. GRMN is big in the handheld GPS market, and they are becoming more and more commonplace; we will have them in just about any device we carry soon. Last week the Bass Masters Classic was held and first place received $500K. All of the boats have GPS and bass fishing popularity is exploding. That is just one example of the new markets GRMN is playing to and it is another example proving our point about how supply makes demand; no bass fisherman knew he needed one until someone stuck one in the boat. GRMN announced strong results last week and surged. It could not hold the break higher, however. It kept working on its 22 week base that formed using the 50 day EMA (64.41) as rough support. Solid 7 to 5 accumulation shows net buying. Being patient and waiting for the breakout move.
Volume: 1.01M Avg Volume: 1.282M
BUY POINT: $70.48 Volume=1.9M Target=$82.95 Stop=$67.35
POSITION: GQR GN - July $70c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/grmn.html

Play Date: 03/01/2006
MCHP (Microchip--$36.10; +0.90; optionable): Semiconductors
http://biz.yahoo.com/p/m/mchp.html
After Hours: $36.01
STATUS: Test 50 day EMA. One of the top rated semiconductors making a test of the 50 day EMA (35.13) after the mid-January breakout from its 6.5 month base on base pattern. Money flow is running higher ahead of the price as it rebounds. Volume was not rallying with MCHP on Wednesday, something we want to change as it continues higher off this key support. Top rated semiconductor.
Volume: 1.157M Avg Volume: 1.65M
BUY POINT: $36.78 Volume=2.2M Target=$42.95 Stop=$34.89
POSITION: QMT GG - July $35c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/mchp.html

Play Date: 03/01/2006
MRVL (Marvell Technology--$65.18; +3.96; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/m/mrvl.html
After Hours: $64.95
STATUS: Test 50 day EMA. Announced earnings last week and despite good results it was unable to break free from the 5 week trend lower after gapping higher in late January on BRCM's earnings and split announcement. It cracked below the 50 day EMA (62.52) on the Tuesday close, but volume remained below average. Wednesday it turned around with a strong rally back through the 50 day on a strong shot of above average volume. After the pullback to consolidate its strong move it looks as if MRVL is ready to resume its leadership role.
Volume: 8.092M Avg Volume: 4.923M
BUY POINT: $65.85 Volume=5.8M Target=$75.75 Stop=$63.45
POSITION: UVM HM - Aug. $65c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/mrvl.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.

stock split
stock recommendation