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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: AAPL; BEAV; CROX; KKD; MRVC; NTGR; SNDA; STEC; VCLK; WMS
Weekend play results
GMKT: Once more it turns down on us at the verge of greatness.
NTGR: Excellent breakout move
NYX: Nice action and we took some positions on the move.
PAY: Held steady on low volume
SOHU: Gapped higher but no volume. Still ready to make the move
AAPL: Nice break higher.
New Plays:
Play Date: 01/16/2007
ADS (Alliance Data--$65.39; -0.03; optionable): Credit services
http://biz.yahoo.com/p/a/ads.html
STATUS: Cup w/handle. Working on a nice 4 day handle to a short 6 week base that is using the 50 day EMA as support. It is consolidating the October break higher from a 4 month cup with handle base. Some nice dojis at the 10 day EMA (64.89) as it tests are setting up the strong move higher which, by the way, takes it to a new all-time high. Nice pattern and strong accumulation and money flow.
Volume: 701.1K Avg Volume: 868.032K
BUY POINT: $66.35 Volume=1.3M Target=$75.95 Stop=$64.38
POSITION: ADS FM - June $65c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/ads.html
Play Date: 01/16/2007
HRZ (Horizon Lines--$27.30; +0.96; optionable): Shipping
http://biz.yahoo.com/p/h/hrz.html
STATUS: 50 day EMA test. HRZ broke higher to start October, clearing a 12 week flat base, rallying to 30 on the high. After that run up the 18 day EMA (26.92) it needed a breather, and over the past 5 weeks has come back to the 50 day EMA to catch its breadth and reload for the next run to the horizon. Volume jumped Friday and again Tuesday as HRZ tested the 50 day EMA, held, and then started higher. Like that volume surging with the stock, and ready to move in as it continues higher.
Volume: 592.9K Avg Volume: 409.165K
BUY POINT: $27.55 Volume=500K Target=$36.00 Stop=$25.88
POSITION: HRZ GE - June $25c (65 delta, no OI) &/or Stock
http://www.investmenthouse.com/cd/hrz.html
Play Date: 01/16/2007
XING (Qiao Zing Telephone--$14.47; +1.75; optionable): Telecom products in China
http://biz.yahoo.com/p/x/xing.html
STATUS: Reverse head and shoulders. XING reported some strong Q3 results Tuesday and surged higher, making the breakout on strong volume from a 7 week reverse head and shoulders base formed at the bottom of its 13 week cup base that is setting it up for the breakout to a 6 year high. Money flow is rising rapidly off of that higher low. Looking solid and ready to take some positions as it continues higher and then again after a successful test of this move.
Volume: 2.872M Avg Volume: 987.606K
BUY POINT: $14.65 Volume=1M Target=$17.65 Stop=$13.62
POSITION: QAE FV - June $12.50c (72 delta) &/or Stock
http://www.investmenthouse.com/cd/xing.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
GME: Working laterally at the December high, forming a handle to the shot base. Low volume. Doing it by the book. A break over 58.50 on volume is the buy point.
MA: Nice handle forming on this one as well after the strong move higher.
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 investment information
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