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Begin part 3 of 3
THE PLAYS
Good movers: ISE; SIGM
Monday night play results:
AQNT: Faded back from the strong Monday move on below average volume
EXPD: Also faded back after the Monday move as the transports had a tougher day on the WERN earnings
LIFC: Held steady on low volume, still looking for the breakout.
SKX: Volume moved up to average as SKX continued laterally in the handle
New Plays:
Upside:
Play Date: 10/17/2006
CMTL (Comtech Telecom--$36.49; +0.82; optionable): Communications products and systems
http://biz.yahoo.com/p/c/cmtl.html
STATUS: Cup. CMTL is working up the right side of an 11 month cup base, showing some solid volume the past week as it moves higher. Nice break upside Tuesday on a down market day. Solid moves and ready to keep on moving higher toward the December 2005 at 45.
Volume: 353.153K Avg Volume: 263.282K
BUY POINT: $36.65 Volume=395K Target=$43.98 Stop=$34.98
POSITION: CQH DG - Apr. $35c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/cmtl.html
Play Date: 10/17/2006
PENN (Penn National Gaming--$38.81; -0.05; optionable): Resorts and casinos
http://biz.yahoo.com/p/p/penn.html
EARNINGS: 10-26-06
STATUS: Double bottom w/handle. PENN jumped higher Friday on strong, above average volume on an upgrade. That almost broke it out of its 25 week base, but it faded back modestly Monday and then showed a big doji Tuesday, reaching down below the 10 day EMA and rebounding to close basically flat. This action is shaking out the last sellers and setting PENN up for the breakout to try for a new all-time high and on toward perhaps another split in the spring.
Volume: 585.536K Avg Volume: 898.588K
BUY POINT: $39.44 Volume=900K Target=$46.95 Stop=$37.35
POSITION: UQN DH - Apr. $40c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/penn.html
Play Date: 10/17/2006
RVSN (Radvision--$19.04; +0.33; optionable): Video conferencing and video telephony
http://biz.yahoo.com/p/r/rvsn.html
EARNINGS: 10-26-04
STATUS: Cup w/handle. Looking for a 6 year high, RVSN has set up nicely in a 9 month base. Nice surge higher to start October, forming the right side of the base, then a handle this past week to shake out some sellers and set up the next move. Tuesday when the market was down RVSN was heading up on rising, above average volume. Looking to move in as it makes the next break, clearing the recent highs in the handle.
Volume: 259.026K Avg Volume: 119.78K
BUY POINT: $19.35 Volume=225K Target=$23.32 Stop=$18.28
POSITION: RJU CW - Mar. $17.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/rvsn.html
Continuing plays ready to move:
Play Date: 10/13/2006
FFIV (F5 Networks--$57.53; -0.49; optionable): Internet traffic management systems
http://biz.yahoo.com/p/f/ffiv.html
EARNINGS: 10-25-06
STATUS: Double bottom w/handle. FFIV continues the work on its handle with a nice test of the 200 day SMA (56.14) on the low and a rebound to hold the 10 day EMA (57.35) on the close. Nice shakeout that looks ready to send FFIV higher in its very nice 7 month base.
Volume: 743.149K Avg Volume: 996.345K
BUY POINT: $60.15 Volume=1.5M Target=$71.95 Stop=$56.95
POSITION: FLK AL - Jan. $60c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/ffiv.html
Play Date: 10/07/2006
NIHD (NII Hldgs--$64.62; -0.59; optionable): Digital wireless communication services in Latin America
http://biz.yahoo.com/p/n/nihd.html
EARNINGS: 10-26-06
STATUS: Test breakout. NIHD never really gave us the volume as it worked higher following the big gap upside to end September. Last week it moves well off the 10 day EMA (63.72) but volume just so-so. It has come back to test that move, showing a doji Tuesday above the 10 day, tapping at that level on the low and rebounding. Looking for some more trade as it continues the breakout of its 5 month base.
Volume: 1.273M Avg Volume: 1.635M
BUY POINT: $64.55 Volume=2.4M Target=$74.45 Stop=$62.39
POSITION: QHQ AM - Jan. $65c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/nihd.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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