us stock market, stock recommendation

Begin part 3 of 3

THE PLAYS

Good movers: BRCM; COH; EZPW; ISE; LRCX; NVEC; RVSN; UTSI

Tuesday night play results:
ATHR: Started higher but could not get the volume to really push it.
BEAV: Still working laterally as the 10 day EMA rises to meet it.
CVD: Sold back to the 50 day EMA on rising trade. Will see if it can rebound on volume as well.
IWM: Excellent volume as it bounced off the 10 day EMA.

New Plays:

Upside:

Play Date: 10/25/2006
IIG (Imergent--$15.86; +0.81; optionable): eCommerce solutions to small businesses
http://biz.yahoo.com/p/i/iig.html
EARNINGS: 11-7-06
STATUS: Ascending base. Strong above average volume Wednesday as IIG started the breakout from its 6 month base formed making higher and higher lows above the 50 day EMA (14.15). Solid action and a nice quiet period in October before the strong Wednesday break higher. Ready to move in as this solid market leader heads higher once more.
Volume: 300.9K Avg Volume: 157.782K
BUY POINT: $16.22 Volume=200K Target=$19.85 Stop=$14.79
POSITION: IIG DC - Apr. $15c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/iig.html

Play Date: 10/25/2006
JCG (J. Crew Group--$31.34; -0.10; optionable): Apparel stores
http://biz.yahoo.com/p/j/jcg.html
EARNINGS: Late November
STATUS: Test 18 day EMA. A new issued in late June, JCG broke out from a 2.5 month base in September and has rallied up the 18 day EMA (31.32) into October. The past week it has come back from a run to 33 to test the 18 day EMA Tuesday and Wednesday, showing a nice doji with tail Wednesday, rebounding to close at the 18 day EMA. Strong money flow is moving higher ahead of price, and we expect JCG to rebound from this near support and follow that money flow higher.
Volume: 365.9K Avg Volume: 392.712K
BUY POINT: $31.78 Volume=400K Target=$37.95 Stop=$30.95
POSITION: JCG CF - Mar. $30c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/jcg.html

Play Date: 10/25/2006
NTLI (NTL, Inc.--$26.95; +1.05; optionable): Telecom wireless communications
http://biz.yahoo.com/p/n/ntli.html
EARNINGS: 11-8-06
STATUS: Cup. NTLI is working on a new high as it moves through its 7 month base. It has worked basically laterally the past 9 weeks, building up for a break over 27, some interim resistance within the base. Money flow is surging higher ahead of price, and on Wednesday volume surged above average as NTLI bumped into that resistance. Looking for the break above this level on continued solid volume. That is the move we will use to enter the play.
Volume: 6.902M Avg Volume: 2.491M
BUY POINT: $27.44 Volume=3.5M Target=$31.95 Stop=$25.95
POSITION: NUD CE - Mar. $25c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/ntli.html

Play Date: 10/25/2006
WEBX (Webex Communications--$38.85; +0.93; optionable):
http://biz.yahoo.com/p/w/webx.html
EARNINGS: 10-26-06 after the close
STATUS: Double bottom. WEBX made us some solid coin on its series of stair-step runs in Q3, and after peaking at 40 on the last run, it has stepped back to the 50 day EMA (37.34). It has tapped twice at that level and Wednesday started back up with a solid price move. Volume was not there yet, but if it shows up tomorrow we are inclined to take some positions ahead of the earnings out after the close. Aggressive but we like what the pattern is showing.
Volume: 447.139K Avg Volume: 652.491K
BUY POINT: $39.31 Volume=979K Target=$45.65 Stop=$37.21
POSITION: UWB CH - Mar. $40c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/webx.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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