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stock recommendation, stock investment information
Begin part 3 of 3
We apologize for the late delivery. We had a program meltdown tonight as evidenced by the need for the corrected play table.
THE PLAYS
Good Movers: Many
Tuesday night play results:
CHAP: Tried the move but backed off. Still set to move.
PQ: Nope. Fell back harder.
STXS: Good solid move early but faded in the afternoon.
CBK: High volume but rebounded. Still ready to head lower.
New Plays:
Upside:
Play Date: 08/30/2006
MGI (Moneygram Intl.--$31.20; +0.62; optionable): Payment systems
http://biz.yahoo.com/p/m/mgi.html
STATUS: Double bottom. Nice quick double bottom off the 200 day SMA (29.92) this month, filling the gap from April after a solid run higher. Nice 16 week base holding key support, showing some strong, above average volume as it comes off that level this week. Made us some good money on the last run, and looks ready to do the same here for us.
Volume: 676.5K Avg Volume: 687.317K
BUY POINT: $31.39 Volume=730K Target=$36.00 Stop=$30.65
POSITION: MGI AF - Jan. $30c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/mgi.html
Play Date: 08/30/2006
OSIS (OSI Systems--$19.65; +0.03; optionable): Chip equipment
http://biz.yahoo.com/p/o/osis.html
STATUS: Reverse head and shoulders. Set up well to move higher, clearing the 200 day SMA (19.48) Tuesday and holding the move Wednesday after it tried to make the move two weeks back but failed, forming the right shoulder to the 5 month base. Money flow is surging ahead of price, and all we need from OSIS is some more volume.
Volume: 70.415K Avg Volume: 127.586K
BUY POINT: $19.95 Volume=191K Target=$22.95 Stop=$19.31
POSITION: UOJ AD - Jan. $20c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/osis.html
Play Date: 08/30/2006
TRMB (Trimble Navigation--$49.95; +1.14; optionable): GPS, etc.
http://biz.yahoo.com/p/t/trmb.html
After Hours: $49.90
STATUS: Test 50 day EMA. After a good pattern and breakout in August, TRMB got the dips two weeks back and shook us out of our position. It held the 50 day EMA (46.78) and rebounded, showing some solid volume Monday and Wednesday. Looking to step in as TRMB clears the early August high.
Volume: 557.954K Avg Volume: 441.064K
BUY POINT: $50.42 Volume=625K Target=$57.98 Stop=$48.39
POSITION: TUH BJ - Feb. $50c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/trmb.html
Play Date: 08/30/2006
TWGP (Tower Group--$29.24; +0.55; optionable): Property and casualty insurance
http://biz.yahoo.com/p/t/twgp.html
STATUS: Ascending base. TWGP is pinching off at the end of a 16 week base that formed along the 50 day EMA (28.49). Excellent volume Wednesday as it jumped off that support. Looking to move in as it continues the move on strong volume. Want to see a breakaway move here.
Volume: 319.444K Avg Volume: 264.63K
BUY POINT: $29.52 Volume=300K Target=$33.95 Stop=$28.38
POSITION: PTQ AF - Jan. $30c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/twgp.html
New buy points on current position:
Play Date: 08/30/2006
QSII (Quality Systems--$39.63; -0.03; optionable): Healthcare information systems
http://biz.yahoo.com/p/q/qsii.html
STATUS: Test breakout. QSII is setting up for another buy after the strong move two weeks back. Nice test of the 18 day EMA (38.63) Tuesday and then a rebound. Solid leader and really like this test of near support and smart bounce. Want to see some volume come in as it breaks higher once more; that was lacking Wednesday.
Volume: 178.783K Avg Volume: 415.691K
BUY POINT: $40.05 Volume=425K Target=$45.00 Stop=$38.65
POSITION: QCR LH - Dec. $40c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/qsii.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 investment information
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