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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: ALSK; CMRG; GME; LSCC; SEIC; SIMG; STXS; WEBX; ATW
Monday night play results:
GME: Surged higher again
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/cd/crm.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/cd/pfwd.html
Play Date: 09/12/2006
PSSI (PSS World Medical--$20.36; +0.30; optionable): Medical equipment
http://biz.yahoo.com/p/p/pssi.html
STATUS: Flying plateau. PSSI broke out from its 8 week double bottom in late July, surging to 20. It then spent the past 7 weeks moving laterally over the 18 day EMA (19.64) on below average volume. Volume started higher Monday and then surged Tuesday, clearing the highs in the pattern. Solid and ready to move in as PSSI follows the money flow higher.
Volume: 783.694K Avg Volume: 446.214K
BUY POINT: $20.48 Volume=450K Target=$24.55 Stop=$19.65
POSITION: PYQ AD - Jan. $20c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/pssi.html
Continuing plays 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/cd/lifc.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
AAPL: Announced some new products but got no traction.
CELG: Trying to hold the 200 day and bounce.
GME: Surging past the August high
MRVL: Interesting. Moved up to the 50 day EMA on strong volume. Want to see it clear, then test and bounce.
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 option
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