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trade stock, stock recommendation
Begin part 3 of 3
We apologize for the delayed part 3. Some technical difficulties in the form of a windstorm that downed some power lines was the culprit.
THE PLAYS
Tuesday night play results:
BONT: Held steady at the 18 day EMA
ININ: Tried to move higher but faded back for a modest loss
MRVCL: Just held steady
UARM: Solid move higher on a jump in volume.
WBSN: Just about there.
New Plays:
Upside:
Play Date: 11/15/2006
ACTU (Actuate--$5.71; +0.26; optionable): Application software
http://biz.yahoo.com/p/a/actu.html
STATUS: Test breakout. After a solid volume doji at the 10 day EMA Tuesday, ACTU jumped higher on more strong trade Wednesday, continuing its late October breakout run. A nice, solid and orderly test of the breakout from the 6 month cup with handle and the resumption of the move on strong volume off of near support shows us the big money is back in. That is our signal to enter.
Volume: 485.7K Avg Volume: 285K
BUY POINT: $5.78 Volume=300K Target=$6.97 Stop=$5.38
POSITION: UCV DA - Apr. $5c (65 delta, 60 OI) &/or Stock
http://www.investmenthouse.com/ci/actu.html
Play Date: 11/15/2006
CEO (CNOOC--$86.76; -0.44; optionable): Chinese oil company
http://biz.yahoo.com/p/c/ceo.html
STATUS: Cup w/handle. Setting up for a breakout to a new all-time high. Very nice 12 week base has formed over the 200 day SMA (82.08), the past three sessions coming back to the 10 day EMA to form that handle, the last shakeout before a bigger breakout and run higher. Solid volume as CEO broke higher last week, and looking for that continued solid volume as it moves up and shows us the breakout move.
Volume: 376K Avg Volume: 250K
BUY POINT: $88.22 Volume=375K Target=$99.90 Stop=$85.74
POSITION: CEO CR - Mar. $90c (56 delta, 83 OI) &/or Stock
http://www.investmenthouse.com/ci/ceo.html
Play Date: 11/15/2006
SMSI (Smith Micro Software--$16.85; +0.81; optionable): Software
http://biz.yahoo.com/p/s/smsi.html
STATUS: Test 50 day EMA. Strong volume jumped in on Wednesday as SMSI got some traction off the lateral move over the 50 day EMA (15.43). This test follows the October breakout from a 3 month cup with handle and run higher. Looking for this test to give us a good entry point as SMSI sets up to make us some money once again.
Volume: 120.24K Avg Volume: 110K
BUY POINT: $17.11 Volume=165K Target=$20.55 Stop=$15.91
POSITION: QPM DW - Apr. $17.50c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/smsi.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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trade stock
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