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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: AAPL; AKAM; CSTR; LMNX; MOLX; STXS
Tuesday night play results:
CRM: Doji on lower volume after that strong move Tuesday
PFWD: Moved higher, but grudgingly
PSSI: Gapped higher but closed well off the high.
LIFC: Higher volume but still hugging the 10 day EMA
New Plays:
Upside:
Play Date: 09/13/2006
ANEN (Anaren--$21.31; +0.12; optionable): Scientific and technical instruments
http://biz.yahoo.com/p/a/anen.html
STATUS: Reverse head and shoulders. Taking another look at ANEN as it comes off this test of the 50 day EMA (20.06) in its 16 week base. Very nicely formed pattern and strong volume Wednesday as it tried to continue the move. Strong money flow is leading higher. We are looking at taking some positions as it continues moving higher on strong volume and then a move through 22.74. Strong pattern, strong 6 to 1 accumulation (6 up price weeks on rising volume to 1 down price weeks on rising volume) and money flow moving higher ahead of price. Solid.
Volume: 204.25K Avg Volume: 134.777K
BUY POINT: $21.69 Volume=225K Target=$24.97 Stop=$20.78
POSITION: EVB AD - Jan. $20c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/anen.html
Play Date: 09/13/2006
WFR (Memc Electronic--$39.70; +2.03; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/w/wfr.html
STATUS: Reverse head and shoulders. Strong volume Wednesday as WFR gapped higher and moved toward the breakout from its 4 month base formed using the 200 day SMA as support on the low. A solid leader with strong fundamentals to go along with a solid technical pattern.
Volume: 7.903M Avg Volume: 4.144M
BUY POINT: $40.05 Volume=5M Target=$47.95 Stop=$37.95
POSITION: WFR AH - Jan. $40c (52 delta) &/or Stock
http://www.investmenthouse.com/cd/wfr.html
Play Date: 09/13/2006
XING (Qiao Zing Telephone--$11.75; +0.64; optionable): Chinese wireless
http://biz.yahoo.com/p/x/xing.html
STATUS: Ascending base. Taking another look at XING. Wednesday volume moved above average as XING jumped off of the 18 day EMA (11.16) in its 10 week base formed making higher and higher lows up the 50 day EMA (10.75) below a constant top near 12. Positive accumulation is setting the stage for the breakout move. These patterns can be explosive when it makes the break. Would really like to see a quick higher low test here and then the break higher, but if we get the strong volume on a breakout we will start positions then complete the buy on a successful test.
Volume: 1.043M Avg Volume: 1.201M
BUY POINT: $11.95 Volume=1.5M Target=$14.35 Stop=$11.11
POSITION: QAE AB - Jan. $10c (76 delta) &/or Stock
http://www.investmenthouse.com/cd/xing.html
Downside:
Play Date: 09/13/2006
COST (Costco--$49.54; -0.04; optionable): Discount warehouses
http://biz.yahoo.com/p/c/cost.html
STATUS: Put. COST is in a continuing downtrend after peaking in early July on no volume and then starting the tumble lower. It fell through all support and the past two weeks rallied up off the low to come back and test the down trendline formed from July and August peaks. The past two sessions it traded above the trendline (49.75) but then faded to close, showing a doji Wednesday. Looking for COST to fail here and tumble lower once more. A move to the target lands us a 52%ish gain.
Volume: 4.471M Avg Volume: 4.403M
BUY POINT: $49.33 Volume=500K Target=$47.30 Stop=$49.88
POSITION: PRQ VJ - Oct. $50p (-49 delta)
http://www.investmenthouse.com/cd/cost.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: Got a response today to the product releases announced Tuesday
AKAM: Continuing higher.
CELG: Trying to find some support just over the 200 day SMA.
MRVL: Still working laterally and just below the 50 day EMA. It has set up a sideways move the past 6 weeks, building the bottom of its base. May be getting close.
WM: Rebounding to the 10 day EMA in its downtrend.
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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