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stock recommendation, stock investment information
Begin part 3 of 3
We apologize for the late delivery. We had some serious programming issues this evening requiring a corrected part 2 and delaying our ability to generate part 3.
THE PLAYS
Good movers: Quite a few
Tuesday night play results:
EBAY: Excellent surge on volume.
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
ALXN (Alexion Pharmaceuticals--$37.64; -1.04; optionable): Drugs
http://biz.yahoo.com/p/a/alxn.html
After Hours: $37.50
STATUS: Breakout test. ALXN surged out of a 6 month cup base on Monday, blasting higher Monday and Tuesday on strong, above average volume. It started the test Wednesday; after such a strong move that is not unusual. It may come back some more to test back near 37, but if it turns back up here we want to be ready.
Volume: 693.135K Avg Volume: 365.273K
BUY POINT: From the Wednesday close: $37.89. Test 37: 37.25 on the way back up. Volume=400K Target=$43.95 Stop=$36.00
POSITION: XQN AG - Jan. $35c (71 delta) &/or Stock
http://www.investmenthouse.com/cd/alxn.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/cd/osis.html
Play Date: 08/30/2006
SPIL (Siliconware Precision--$6.00; +0.17; optionable): Chip equipment
http://biz.yahoo.com/p/s/spil.html
STATUS: Double bottom w/handle. Forming a nice pattern the past four months as part of a larger 8 month base, the first four months tried the breakout but failed, and now the second part of the pattern, kind of a base on base where the sellers are really wrung out. Good volume the past week as SPIL tested the 50 day EMA (5.58) and then jumped higher. Nice price and volume move Wednesday, and SPIL looks ready to make the breakout move.
Volume: 1.901M Avg Volume: 1.399M
BUY POINT: $6.15 Volume=1.6M Target=$7.40 Stop=$5.75
POSITION: SRD LA - Dec. $5c (69 delta) &/or Stock
http://www.investmenthouse.com/cd/spil.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/cd/twgp.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, AKAM, CCJ, CELG, FLR, GME, MGPI, MRVL, NVDA, SGMS, WM
No real change in status. Like how AAPL, AKAM are moving laterally.
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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stock recommendation
stock investment information
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