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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good Movers: AEOS; DHR; DRQ; ECL; MOLX; NVDA; PLCM; VARI; VIP
Monday night play results:
IDXX: Jumped higher on volume but then tumbled back right at the close
IIG: Dove lower on volume
PLMD: Moved off the 18 day EMA on rising trade.
MOLX: Nice surge on strong volume
ASMI: Almost there
BRCM: Volume was up. Looks ready, but we have been waiting awhile
New Plays:
Upside:
Play Date: 08/29/2006
CHAP (Chaparral Steel Company--$71.74; +2.43; optionable): Industrial metals & minerals. Splits 2:1 on 9-5-06
http://biz.yahoo.com/p/c/chap.html
STATUS: Ascending base. The split is the day after Labor Day and CHAP is starting the pre-split move, rallying Tuesday on a good shot of above average volume. Looking to jump in, ride it up as far as it will take us through Friday, take some of the gain off the table, and then keep some to ride through the split.
Volume: 538.9K Avg Volume: 500K
BUY POINT: $72.05 Volume=500K Target=$79.00 Stop=$69.92
POSITION: ZHQ AO - Jan $75c (52 delta)
http://www.investmenthouse.com/ci/chap.html
Play Date: 08/29/2006
PQ (Petroquest Energy--$12.51; +0.65; optionable): Independent oil and gas
http://biz.yahoo.com/p/p/pq.html
STATUS: Ascending base. Strong Tuesday as PQ jumped through resistance at 12 and 12.40, starting the breakout from its 18 week base sporting solid accumulation. While many energy stocks have struggled, we are seeing groups of them setting up nice patterns and putting together these types of moves. Looking to take some positions as it moves through the buy point and then more on the test.
Volume: 857.6K Avg Volume: 425.591K
BUY POINT: $12.68 Volume=450K Target=$15.00 Stop=$11.95
POSITION: PQ AV - Jan. $12.50c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/pq.html
Play Date: 08/29/2006
STXS (Stereotaxis--$10.99; +0.29; optionable): Medical appliances
http://biz.yahoo.com/p/s/stxs.html
STATUS: Test 200 day SMA. STXS is in a 7.5 month cup base, rallying off a higher low in mid-August and surging through the 200 day SMA (10.44) on strong volume. It spent last week testing the move, coming back to tap at that support. Monday it bounced on strong, above average volume, coming off the support nicely. Money flow is flying higher ahead of price and STXS looks ready to follow it with a nice quick upside move.
Volume: 466.3K Avg Volume: 310K
BUY POINT: $11.21 Volume=425K Target=$13.45 Stop=$10.48
POSITION: UQS LB - Dec. $10c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/stxs.html
Downside:
Play Date: 08/29/2006
CBK (Christopher & Banks--$25.42; -0.24; optionable): Apparel stores
http://biz.yahoo.com/p/c/cbk.html
STATUS: Put. CBK formed a broad top June through mid-August, then broke sharply lower Thursday on a strong shot of volume, breaking through the 90 day MA (27.23) that had propped it up in July and early August. Modest bounce on low volume Monday then a turn back down modestly Tuesday on a strong shot of volume. Looks ready to crash lower once more. A move to the target lands us a 40%ish gain.
Volume: 746.4K Avg Volume: 515.943K
BUY POINT: $25.28 Volume=515K Target=$23.65 Stop=$25.69
POSITION: CBK VE - Oct. $25p (-38 delta)
http://www.investmenthouse.com/ci/cbk.html
Continuing ready to move: Will issue alerts if they show the right stuff.
BRCM; CTCM; CTSH; CVD
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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