|
|
stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: AEOS; ATHR; BRCM; COH; FFIV; ICE; IIG; JCP' LVS; QLGC; SMSC; UCTT; VCLK; VSEA
Monday night play results:
FTEK: Surged higher early but could not hold the move
SAY: Gapped higher and faded to close flat
TNB: Could not advance the Monday jump
WBSN: Still working laterally in the handle of its nice base.
New Plays:
Upside:
Play Date: 11/14/2006
BONT (Bon-Ton Stores--$35.38; +0.67; optionable): Department stores
http://biz.yahoo.com/p/b/bont.html
EARNINGS: 11-29-06
STATUS: Breakout test. Strong breakout and run higher in October as BONT moved out of a 6 month cup with handle base. It rallied to 38 on the breakout run high and then faded to end October, tapping the 50 day EMA on the low. It has worked laterally the past two weeks and it is set to make the next move higher. When the volume jumps with the price it is ready to buy. The options have low open interest.
Volume: 127.01K Avg Volume: 248.512K
BUY POINT: $35.74 Volume=300K Target=$42.95 Stop=$34.12
POSITION: QHW DG - Apr. $35c (10 OI) &/or Stock
http://www.investmenthouse.com/ci/bont.html
Play Date: 11/14/2006
ININ (Interactive Intelligence--$18.75; +1.91; no options): Self service automation
http://biz.yahoo.com/p/i/inin.html
STATUS: Test breakout. ININ shot higher Tuesday on strong volume as it continued its breakout move. It broke out from a 13 week base in October, taking it to a 5 year high. It tested to end that month and into November. Volume jumped Tuesday and so did price. Looking to take some positions on the continued break higher and then adding to them if we get a nice successful test of this move down the road.
Volume: 1.275M Avg Volume: 247.435K
BUY POINT: $19.05 Volume=300K Target=$22.95 Stop=$17.95
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/inin.html
Play Date: 11/14/2006
MRVC (MRV Communications--$3.31; +0.08; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/m/mrvc.html
STATUS: Cup w/handle. Nice three week handle, filling the gap from late October, holding the 18 day EMA (3.24). Volume was up Tuesday as it tested and rebounded. Looking at this as the last stage of its handle and how looking for the break higher on continued increasing volume that will take it out of its 9 month base. Looking for a run back toward the top in the base to give us a 28%ish stock gain.
Volume: 1.43M Avg Volume: 1.369M
BUY POINT: $3.49 Volume=1.9M Target=$4.48 Stop=$3.22
POSITION: MQU CZ - Mar. $2.50c (62 delta, 105 OI) &/or Stock
http://www.investmenthouse.com/ci/mrvc.html
Play Date: 11/14/2006
UARM (Under Armour--$45.31; +0.91; optionable): Athletic clothing
http://biz.yahoo.com/p/u/uarm.html
STATUS: Test 50 day EMA. Strong breakout from a double bottom with handle in early October made us some nice money, and after that run UARM is testing back, taking a breather near the 50 day EMA (43.36) before it tries another run. Going to be patient and let it finish the test and show us a strong upside break on strong volume.
Volume: 627.941K Avg Volume: 882.654K
BUY POINT: $46.25 Volume=1.3M Target=$53.45 Stop=$44.24
POSITION: UWG DI - Apr. $45c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/uarm.html
Continuing plays ready to move:
Play Date: 11/13/2006
WBSN (Websense--$27.69; +0.17; optionable): Employees internet management and web security software
http://biz.yahoo.com/p/w/wbsn.html
STATUS: Cup w/handle. Money flow continues higher as WBSN still works laterally over the 10 day EMA (27.04) in its handle. It is ready to move, just has to show it. To recap: Like seeing this 2004 and 2005 leader forming back up in an excellent pattern for a breakout move. Nice, very quiet three week lateral move has allowed the 10 day EMA to catch up with it after a strong gap higher in late October helped form the right side of its 10 month base. Excellent volume on the surge, and now a very quiet low volume handle has formed as money flow moves higher ahead of price. Excellent set up for this former leader that is setting up to lead once more.
Volume: 323.75K Avg Volume: 687.509K
BUY POINT: $28.22 Volume=1M Target=$33.95 Stop=$26.78
POSITION: DQH DE - Apr. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/wbsn.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.
|
stock recommendation
stock option
|
