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us stock market, stock split
Begin Part 2 of 2
THE PLAYS:
Good movers: CHBS and URBN were moving well. AZO made the move lower.
BONUS PLAYS:
Ready to move: ACDO, ROOM, METHA, CLDN
Upside
IRN (Idine Rewards Network--$11.50; +0.56; no options): Management services
http://biz.yahoo.com/p/i/irn.html
STATUS: Formed a short cup with handle after an ascending wedge in April and May. The stock is a smaller issue leading the market the past 8 months. It spent last week testing a good move on huge volume, and now it is rallying again on stronger volume, though it will need more. Accumulation in this short base is 2 up weeks to 1 down week. It has momentum and looks as if it is ready to take off again.
Volume: 60.8K Avg Volume: 68.954K
BUY POINT: $12.05 Volume=100K Target=$14.74 Stop=$10.45
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cs/irn.html
Downside:
ETM (Entercom Communications--$45.34; -0.76; optionable): Radio broadcasting
Play Date: 07/08/2002
http://biz.yahoo.com/p/e/etm.html
STATUS: Put. ETM tanked through the 200 day MVA (48.85) 2 weeks back, and after falling to near 41, has worked its way back up on lower and lower volume. The last two sessions it tested the 18 day MVA (46.38) intraday but could not move over that resistance. Monday it tried again and then rolled over on rising though still below average volume. Looks ready for another test lower as it runs into its down trendline from May.
Volume: 234.2K Avg Volume: 310.454K
BUY POINT: $45.15 Volume=320K Target=$41.55 Stop=$48
POSITION: ETM TJ - Aug. $50 put (-71 delta, no OI)
http://www.investmenthouse.com/cs/etm.html
Revisited bonus:
ABY (Abitibi-Consolidated--$9.37; +0.02; optionable):
http://biz.yahoo.com/p/a/aby.html
STATUS: Tried to make the breakout today on some stronger, volume, but backed off. A little shy with the market. Looks ready to make the move.
Volume: 229.7K Avg Volume: 277.454K
BUY POINT: $9.55 Volume=325K Target=$11.5 Stop=$8.55
POSITION: ABY JU - Oct. $7.50 call (76 delta) and/or Stock
http://www.investmenthouse.com/cs/aby.html
PRE-ANNOUNCEMENT
CHBS (Christopher Banks--$43.4; +2.21; optionable): Forecast to announce a split on 7-17-02 in conjunction with a board meeting or on 7-31-02 in conjunction with its annual shareholder meeting. The company will not confirm the board meeting date, but based upon our research this is the date for the meeting.
http://biz.yahoo.com/p/c/chbs.html
BACKGROUND: Last announced a 3 for 2 split on 11-14-01 in conjunction with a board meeting. The stock price was $38.76. The annual shareholder meeting is scheduled for 3:00 CT on 7-31-02 at which time no additional shares were authorized. The company has sufficient shares for a 3 for 2 split.
STATUS: Ascending wedge. Very nice volume, very nice move. Closed just off of the buy point, but looks very ready to move, rallying in a down market.
Volume: 552.5K Avg Volume: 382.909K
BUY POINT: $43.58 Volume=606K Target=$52.35 Stop=$39.50
POSITION: URH IG - Sept. $35c (81 delta) and/or stock
http://www.investmenthouse.com/cs/chbs.html
URBN (Urban Outfitters--$34.51; +1.23; optionable): Forecast to announce a split on 8-15-02 before the market opens in conjunction with earnings.
BACKGROUND: URBN last split its stock 2 for 1 in June 1996. At the time of the announcement the stock price was $35. The annual shareholder meeting was on 6-25-02 at which time no additional shares were authorized, but URBN has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/u/urbn.html
STATUS: Testing the 50 day MVA. Cleared the 18 day MVA on stronger volume, though still not above average. A good second move off of the 50 day MVA, now it needs to clear the buy point on some strong volume for us to take new positions. It too bucked a selling market, but it has to clear the buy point on strong volume.
Volume: 189.6K Avg Volume: 261.363K
BUY POINT: $35.55 Volume=395K Target=$42.75 Stop=$31.75
POSITION: URQ LF - Dec. $30c (72 delta) and/or stock.
http://www.investmenthouse.com/cs/urbn.html
PRE-SPLITS BEST PLAYS: Remember, we try to grab Pre-Splits as they break out of good patterns or as they start a run right before the split. Not looking for home runs, but looking for those $3 to $4 moves running into the split, watching for topping signs and potential resistance. Not huge money, but it can be very steady. We set our initial stops at the 7-8% range below the purchase price (or just below obvious support), and move them up on a move to preserve our profits.
Upside:
ACMR (A.C. Moore--$45; +0.02; no options): Splits 2:1 on 8-1-02
Forming a handle, showing a doji on strong volume. Looks good.
Volume: 148.8K Avg Volume: 101.545K
BUY POINT: New positions on a breakout over 48.02 (original buy point $44.29). Volume=100K Target=$48.55 (initial). Breakout: 48.01. Stop=$41.75
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cs/acmr.html
ANFI (American National--$15.88; +0.76; no options): Title Insurance
http://biz.yahoo.com/p/a/anfi.html
STATUS: Pre-split. Bounding from the 50 day MVA on some rising volume, we are looking for ANFI to break its recent two tops at 16 to take positions. Making higher lows on a constant high: definition of an ascending wedge, building pressure toward the breakout.
Volume: 79.5K Avg Volume: 73.136K
BUY POINT: $16.04 Volume=100K Target=$19.25 Stop=$14.74
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cs/anfi.html
MYE (Myers Industries--$16.55; -0.15; no options): Rubber and Plastics. Splits 5:4 on 9-3-02
http://biz.yahoo.com/p/m/mye.html
STATUS: Cup w/handle. A long way from the split, but we like the pattern and the sector. It can give us 20% on a breakout well ahead of the split. Like splits because they tend to be market leaders and give us many chances and many plays.
Volume: 19.5K Avg Volume: 47.59K
BUY POINT: $17.85 Volume=71K Target=$21.55 Stop=$16.25
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cs/mye.html
WATCHLIST/ CONTINUING
On Tuesday, Thursday and Saturday we provide full comments on each continuing play.
We have put all plays in a summary table that contains the date the stock was put on the report (so you can go back and check out the details of the play) and the other pertinent information. This provides more information than the watchlist summaries and still contains comments when appropriate. VIEW THIS IN COURIER NEW, 12 FOR BEST RESULTS. You can also easily print the table from the website (www.investmenthouse.com) from the 'current reports' section. If you just want to print the table you can cut and paste it to a word document setting the font to Courier New size 12. Just left click on the beginning of the table and drag to the table end. After selecting, right click and select 'copy.' Paste into your word processor. Select it all and choose Courier New, font size 12.
Stock Date Play Close +/- Pivot Tgt Vol AvgV Stop
ABY 06/25 Flat 9.37 +0.02 9.55 11.5 230K 277K 8.55
ACDO 07/05 Put 43.03 -0.69 44.5 40.15 690K 774K 47.50
ACMR 07/02 PreSplt 45 +0.02 44.29 48.55 149K 102K 41.75
ADS 06/27 cup hdl 21.02 -1.43 25.3 30.35 686K 138K 23.25
ANFI 07/08 PreSplt 15.88 +0.76 16.04 19.25 80K 73K 14.74
AXP 06/19 Put 37 -0.35 37.75 34.05 4.2M 4.9M 41
AZO 07/05 Put 75.28 -1.82 76.75 72.25 1.1M 1.1M 79
BAC 06/11 Put 71.94 +1.12 69.9 65 5.4M 6.1M 73
BBBY 06/27 BO 36.48 -1.22 37.85 45.45 2.7M 3.2M 35.25
BGEN 07/01 H&S 38.5 -0.28 38.25 32.25 3M 4.7M 42.15
BLI 06/11 Test BO 18 -0.44 18.5 22 797K 717K 17.30
BPOP 06/15 cup hdl 32.73 +0.56 32.35 36.5 98K 111K 30.50
C 06/29 Put 38.47 -1.08 38.6 34.75 15M 14M 41.15
CHBS 06/29 A Wedge 43.4 +2.21 43.58 52.35 552K 383K 39.50
CHRZ 07/02 Test BO 4.55 -0.09 4.55 6.45 65K 105K 4.10
CHRZ 04/16 A Wedge 4.55 -0.09 4.2 5.9 65K 105K 4.10
CHS 05/11 Test 50 36.43 +0.52 37.35 43.98 794K 730K 35.95
CLDN 06/26 Test BO 12.71 -0.29 12.93 15.15 22K 99K 11.50
COCO 06/26 Test 18 32.17 -0.83 31.35 37.25 680K 461K 29.16
COCO 06/20 cup hdl 32.17 -0.83 29.59 35.55 680K 461K 27.25
CYMI 06/25 H&S 32.47 -0.54 32.95 25.55 1.4M 1.5M 37
DNR 05/21 cup hdl 9.53 -0.38 9.56 12 46K 108K 8.89
EDMC 06/22 cup hdl 40.87 +0.13 42.05 53 204K 252K 39.50
EME 06/26 Put 57.59 -0.01 55.75 49.85 110K 97K 58.50
ERES 06/18 PreSplt 20.95 -1.05 23.06 26 176K 128K 21.20
ESRX 07/05 Put 48.97 +0.25 49.45 44.85 1.6M 2.1M 51.50
ETM 07/08 Put 45.34 -0.76 45.15 41.55 234K 310K 48
FITB 05/25 Put 68.09 +0.82 66.1 62.62 2.4M 1.9M 68
FNF 06/25 Test 18 28.97 -0.87 31.05 36 446K 543K 28.88
FNF 05/22 Test 18 28.97 -0.87 30.6 35 446K 543K 28.46
FOE 06/01 A Wedge 29.51 -0.12 30.34 35 188K 219K 28.50
GB 05/28 Put 24.65 -0.05 24.9 21.3 76K 87K 23.16
GISX 06/24 A Wedge 18.7 -0.3 20.85 25.48 45K 158K 18.25
GLYN 05/18 BO 20.98 -0.84 20.66 24 97K 179K 19.12
HET 06/08 Put 45.08 +1.68 45.5 40 1.3M 1.2M 47.25
HUG 06/18 BO 42.85 -0.87 43.09 52 139K 184K 39.50
IRN 07/08 BO 11.5 +0.56 12.05 14.74 61K 69K 10.45
IVGN 07/01 Put 30.31 -0.99 28.65 23.55 1.1M 1.1M 32.55
JAH 06/19 BO 18.78 +0.04 19.05 23.5 100K 74K 17.25
JILL 06/22 PreSplt 24.01 -0.33 34.8 39.96 141K 263K 33.25
JPM 06/29 Put 32.28 -0.31 33.2 29.25 7.6M 8M 34
KSWS 06/18 PreSplt 25.09 -0.4 48.25 52.5 80K 89K 44.50
MANT 07/03 Cup 23.24 -0.65 24.25 29.25 129K 93K 21.92
MAR 06/12 Put 37.16 -0.72 38.25 34 1.1M 933K 41
METHA 07/05 cup hdl 11.9 +0.2 12.96 15.55 82K 235K 11.95
MHP 06/18 Put 59.17 -0.73 59.55 56 427K 605K 61.25
MMC 06/25 Put 47.81 -0.01 46.62 44.5 1.1M 1.1M 48.50
MMSI 06/22 cup hdl 18.4 -0.9 19.5 23.4 203K 182K 18.14
MNTR 06/15 Put 35.7 -0.15 35.95 32.2 54K 122K 38
MYE 07/08 PreSplt 16.55 -0.15 17.85 21.55 20K 48K 16.25
NCR 06/24 Put 34.34 -1.61 35.25 31.15 603K 541K 38
NYT 06/19 Test BO 51.15 -0.73 51.1 61 642K 562K 47.80
OVRL 07/06 cup hdl 15.1 -1.04 16.85 20.45 126K 160K 14.45
OVTI 06/24 BO 14.01 -0.09 14.55 19.48 737K 347K 12.85
PHM 05/25 Flat 54.5 -0.56 55.95 67.45 809K 691K 52.03
PNRA 06/17 PreSplt 32.19 -1.1 35.08 38.38 562K 484K 32.62
QCOM 06/05 Put 27.16 -1.38 31.5 25 14M 15M 33.50
RF 04/16 A Wedge 35.79 +0.14 34.96 40.5 450K 495K 34
RML 07/02 Flat 17.9 -0.25 19.37 23.25 124K 147K 18.01
ROOM 07/05 Put 45.51 +1.11 44.35 38.85 823K 928K 46.25
SRCL 06/22 Test BO 33.11 -0.46 38.5 45 323K 370K 35.8
SWFT 06/29 cup hdl 21.44 -0.51 23.58 28.25 407K 557K 21.93
THC 07/03 Put 48.23 -0.46 47.5 44.05 2.5M 1.8M 49.50
TKR 05/25 Put 22.6 -0.21 23.4 19 156K 283K 25.60
TRBS 06/20 cup hdl 31.7 -0.22 34.18 41.02 43K 64K 31.68
TRI 07/03 Put 40.99 -0.42 41.49 37.25 334K 870K 43
URBN 06/29 Test 50 34.51 +1.23 35.55 42.75 190K 261K 31.75
WB 05/08 Test 50 37.47 +0.57 38.97 45 2.5M 2.7M 36.45
WEN 06/25 Test 18 39.83 -0.5 40.05 48 956K 929K 39
WEN 06/01 BO 39.83 -0.5 38.6 44 956K 929K 36.90
WERN 07/02 cup hdl 20.57 -0.32 21.85 26.65 295K 397K 20.32
WHI 07/05 PreSplt 21.82 +0.64 21.31 24.25 75K 83K 19.82
WM 05/08 Test 18 37.58 +0.01 38.8 44 3.1M 3.6M 37
ZQK 06/12 Test BO 25 +0.04 27.1 32 130K 247K 25.20
Good Investing!
Jon L. Johnson and the Stock Split Report 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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us stock market
stock split
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