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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good Movers: ANAD; BRCM; COH; CYMI; GES; GYMB; ICE; JCP; PLCE; SMSC; VCLK
Monday night play results:
ANAD: Solid surge on strong trade
FTEK: Surged higher early but could not hold the move
NSC: Let down the entire sector with a weak forecast.
SAY: Gapped higher and faded to close flat
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/cd/bont.html
Play Date: 11/14/2006
IAAC (International Asset Holding--$30.00; +1.74; no options): Asset management
http://biz.yahoo.com/p/i/iaac.html
STATUS: Ascending base. Taking another run at IAAC as it breaks higher again on some strong, above average volume, moving to a new closing high. Nice 10 week base showing some renewed positive price/volume action the past week. Solid 4 to 2 accumulation in the base (4 up price weeks on rising volume to 2 down price weeks on rising volume) shows plenty of buying to send it higher.
Volume: 378.954K Avg Volume: 284.859K
BUY POINT: $30.32 Volume=425K Target=$36.45 Stop=$28.42
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/iaac.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/cd/inin.html
Play Date: 11/14/2006
INTC (Intel--$21.88; +0.88; optionable): Semiconductors
http://biz.yahoo.com/p/i/intc.html
STATUS: Test 50 day EMA. INTC has again tested the 50 day EMA (20.51), and this time it has some traction, getting an upgrade didn't hurt one bit. It is up to the October highs on above average volume, and we are looking for a break over those peaks to move into the play. This time we are looking for it to fill the gap back up near 25.50.
Volume: 74.412M Avg Volume: 66.284M
BUY POINT: $22.12 Volume=75M Target=$25.48 Stop=$21.25
POSITION: NQ DD - Apr. $20c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/intc.html
Continuing play ready to move:
Play Date: 11/11/2006
AKAM (Akami Technologies--$49.89; +0.34; optionable): Internet content delivery and business processes
http://biz.yahoo.com/p/a/akam.html
STATUS: Double bottom w/handle. Another tight doji just above the 10 day EMA (48.94) as AKAM looks to be setting up very nicely for that next breakout move. Somewhat surprised it did not participate in the Tuesday move; makes it somewhat suspect, but the beauty of our plays is that you see the move and then make your move. To recap: AKAM is setting up well for yet another run, forming a short but sweet 6 week base using the key support at the 50 day EMA (46.74) for the lows. Love to see a strong stock use the 50 day as support after a good run. Solid 3 to 1 accumulation in the pattern (3 up price weeks on rising volume to 1 down price weeks on rising volume) shows plenty of buying during the consolidation to once more break AKAM higher to a six year high. Suffered a distribution session Thursday after gapping higher and reversing. Nice recovery session Friday on above average volume complementing a strong Tuesday upside session.
Volume: 3.726M Avg Volume: 5.191M
BUY POINT: $50.75 Volume=7.5M Target=$60.95 Stop=$48.21
POSITION: UMU BJ - Feb. $50c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/akam.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, CELG, DRIV, GME, GOOG, ISE, MA, MRVL, NVDA, WEBX
AKAM: Looks ready.
GME: Ready to make the next step higher as volume rallied on the test of the 18 day EMA and rebound for a solid gain.
ISE: Strong volume as ISE continued the recovery. An aggressive entry for a run to 55 and a trade.
MRVL: Still working higher but volume remains low.
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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