Market Alert: Stock Split Report
Receive Market Alerts To Complement Your Newsletter!
Quick Summary: This service tracks the stocks on the reports and sends you an alert when the target price is hit. More than that it will give you the current price, the current volume and its percent of average volume, the pivot point, the type of play (cup with handle, etc.), the target volume, the target price gain, the stop loss point, and other details pertinent to that play.
This page explains the alert service and the form of the alerts that are sent to you.
Alerts are sent at any time during regular trading hours when a stock that we are following hits a buy point to the upside or (in the case of puts) to the downside. We base the alerts on price as that is the key indicator in our buying method, but we include volume as that is also an important component. Alerts could come at any time during the session. We try to avoid sending alerts right at the open as many times stocks surge only to pullback before making a more sustained move for the session. We try to let that first surge subside and then look at positions in earnest. On breakouts from solid patterns, however, we will send an alert when the breakout point is reached.
Alerts can also be sent mid-session when buy points are reached (giving us a better view of volume and the market overall). You will also frequently see several alerts in the last hour of trading. At that point we have seen where a stock is going on the session and how it is set up for the next session. We will send out alerts before we take any positions ourselves, and with the afternoon alerts we will tell you what our strategy is for these.
As an example of how we use the alerts, early morning plays often do not have the volume we are looking for, so we often wait and see if the move holds in the first half hour or so, then take a partial position (a partial position being maybe one-half of our total position we envision taking in the trade). We then look at the stock later toward the close, and if all is well with good volume, we take additional positions to complete the position.
What is Included in Each Alert:
The alerts are not meant to replace the detailed descriptions of the plays that are contained in the reports. It is very important that you understand the market as contained in the Market Summary and the specifics of each play. That way you fully understand what we are looking at and why we are entering the play. That makes you a better investor should you decide to enter the trade as well.
The Alerts Contain:
1) the price at the time the alert was sent
2) the current volume
3) the percentage that volume is of the average daily volume.
4) the buy point (Pivot)
5) the type of play
6) the target volume (Tgt. Vol)
7) target price on the move up or down (Tgt. $)
8) initial stop loss point
9) option position including bid and ask for Buys (Ops 4.1 x 4.5); we will try for the best price in the spread
10) any other pertinent information we see regarding the play such as sector, good volume, etc.
The type of play tells the type of base the stock is in (e.g., flat base, cup with handle, double bottom) or if it is another type of play (put buy, pre-split run, moving average bounce, etc.)- -basically a very brief summary of what is discussed in detail in the report re buy and sell points. That is why it is very important to read and understand the plays you are interested in as they are contained in the actual report.
Some of the Shorthand We Use:
Bounce: A bounce play up from support such as the 50 day MVA
CC: Covered call
Cup w/handle: Cup with handle base
Dbl Btm, Double btm, Dbl Btm w/handle: Double bottom base, Double bottom with handle base
Momentum: a momentum trade without necessarily a pattern
New High BO: Breakout to a new high
Pre Ann: Pre-Announcement split play
Pre-split: Pre-split play
Put: Downside play using puts to buy
Run to $100: Stock that is a momentum move up to $100
Test BO: A test of the breakout and we are catching the move back higher.
Wedge: Ascending wedge or Ascending triangle
As you can see, these are all abbreviations or short hand for the plays described in the reports.
We put the stop loss point in so you can insert the stop order after the buy. Typically that is 7% below the buy point, but it varies depending upon support levels that we want to utilize as well. That is the best insurance you can have; as the stock moves higher, you will want to adjust that stop point based upon your risk preferences.
We hope you enjoy the Market Alert service and utilize it to its fullest. It is a natural compliment to our style of investing, and we are very excited and proud to bring it to you. As always, if you have any questions, please feel free to contact us!
Disclaimer: Neither Split Ventures, Ltd (Editors) nor Online
Investment Services, LP (publisher) (collectively, "the Companies") is
registered as a securities broker-dealer or an investment adviser either
with the U.S. Securities and Exchange Commission or with any state
securities regulatory authority. The Market Alert emails represent
opinions of Split Ventures, Ltd. and should not be construed as
personalized investment advice. The Companies cannot and do not assess,
verify or guarantee the suitability of any particular investment to your
own situation. You bear responsibility for your own investment research
and decisions and should seek the advice of a qualified securities
professional before making any investment.
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