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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good Movers: AEOS; CVD; HYSL; LVS; PJC; SEIC; STXS; VIP; WEBX; ATW
Monday night play results:
GIGM: Did not gig'em Tuesday, fading back again as it continues its lateral breakout test.
PJC: Nice break higher
PRXL: Bouncing but very low trade
WEBX: Strong breakout
WOOF: Tried the move. Still ready to go.
New Plays:
Upside:
Play Date: 09/12/2006
CRM (Salesforce.com--$35.12; +1.82; optionable): On demand customer relationship management
http://biz.yahoo.com/p/c/crm.html
STATUS: This was a big winner for us in late 2005, and after that run it needed a breather. It came off the bottom of its 7 month base with a reverse head and shoulders pattern, gapping higher in mid-August and then consolidating that move without losing ground as it moved laterally over the 200 day SMA (32.58). Tuesday it surged again Tuesday on a shot of above average volume. Money flow is surging higher and we are looking for CRM to continue the move and we are ready to move in.
Volume: 2.561M Avg Volume: 2.074M
BUY POINT: $35.55 Volume=3M Target=$41.95 Stop=$33.65
POSITION: CRM AG - Jan. $35c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/crm.html
Play Date: 09/12/2006
NITE (Knight Trading--$17.77; +0.68; optionable): Investment brokerage
http://biz.yahoo.com/p/n/nite.html
STATUS: Breakout test. NITE broke out from its 16 week cup with handle base in mid0August and rallied up the 10 day EMA (17.29) for a couple of bounces, but then got pushed down harder last week in the distribution. It managed to hold the 18 day EMA (17.06), however, and after three sessions at that level it bounced Tuesday on rising trade. Looking to move in as it continues higher, clearing the early September high (18.01). Strong money flow is leading the way, complementing the positive accumulation in the base.
Volume: 1.454M Avg Volume: 1.595M
BUY POINT: $18.08 Volume=1.6M Target=$21.75 Stop=$17.00
POSITION: QTN AW - Jan. $17.50c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/nite.html
Play Date: 09/12/2006
PFWD (Phase Forward--$11.91; +0.88; no options): Enterprise software for clinical trial and safety monitoring
http://biz.yahoo.com/p/p/pfwd.html
STATUS: Reverse head and shoulders. PFWD continues its work on the 15 week base formed using the 200 day SMA (10.80) as support. Strong price move Tuesday on a strong price move, but it was still below average. Knocking at the door of the breakout and ready to follow the strong money flow higher.
Volume: 110.792K Avg Volume: 196.116K
BUY POINT: $12.18 Volume=294K Target=$14.65 Stop=$11.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/pfwd.html
Continuing ready to move:
Play Date: 09/05/2006
LIFC (Lifecell--$29.78; -0.04; optionable): Biotechnology
http://biz.yahoo.com/p/l/lifc.html
STATUS: Double bottom w/handle. Another doji at the 18 day EMA (29.45) as LIFC sets up for the break higher. Volume crept higher Tuesday, but still well below average. Solid, just need to see the breakout. To recap: LIFC is setting up for the breakout to a new all-time high, forming up a nice 9 week base along the 50 and 90 day MA (28.59 and 28.16 respectively). It made three higher lows and then cleared some resistance last week on some strong, above average volume. Just as it was getting going it was downgraded on Thursday; success has its price as stocks near new highs are targets for those waiting to downgrade and show how tough they still are after recommending stocks to buy in 2000 as they were going down. Positive accumulation and strong fundamentals growth rates. Looking for volume to jump back up as it makes the next move.
Volume: 515.291K Avg Volume: 864.383K
BUY POINT: $31.24 Volume=1M Target=$36.50 Stop=$29.42
POSITION: QKL LF - Dec. $30c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/lifc.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 option
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