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understanding the stock market, stock split
Begin Part 2 of 3
ONLINE SEMINARS LIVE OR NOW ON CD!!
To take advantage of market direction and trends, to underdstand why the market moves as it doess, and knowing how to turn up or down cycles to your money making advantage, you need to have the knowledge of what to do and the confidence to do it. Our seminars take you step by step through what drives the market up and down, how to recognize when change is occurring and when you should act, and how you to invest to take advantage of that knowledge. We don't really care which way the market goes, we just want to be able to recognize it and then take advantage of it with stocks, options, or both. Our seminar series shows how to put practical understanding of the stock market to use to make monthly income and build (rebuild) retirements and college funds. There is an incredible wealth of knowledge, years of experience, and 'how to' plans of action in these seminars. As one graduate put it, "I had no idea how little I knew about market direction and the reasons behind it until I took your course." Our graduates over the past year and one-half have made the bear market in stocks their own private second bull market because they learned how to and when to enter the downside and make dramatic profit from what most investors dread. Have the knowledge to take advantage of any kind of market as well as the confidence to act when you see the action unfold. We cover it all from trends, to accumulation/distribution, patterns, stocks, buying and selling options naked, covered, or creating spreads. Go to
http://www.stockseminarsonline.com
and look for the link to the CD seminars or the next live series dates where you can learn and ask questions from the comfort of your home without having to incurr costly travel expenses and time away from work, costs and time that very few can deduct from their taxes . This is Jon Johnson's internet site for online seminars and they get you up to speed on how to deal with up or down markets. Hope you check it out.
THE PLAYS:
CONTINUING DOWNSIDE PLAYS:
WEN (Wendys International--$32.53; -0.04; optionable): Burgers and fries
http://biz.yahoo.com/p/w/wen.html
STATUS: Put. Looks to be stalling at the 10 day MVA (32.68), showing a hanging man doji Monday just below that level on very low volume.
Volume: 771.2K Avg Volume: 1.369M
BUY POINT: After a test of the 18 day MVA at 33.55, $32.75 on the way back down. Volume=1.6M Target=$30 Stop=$33.33
POSITION: WEN XG - Dec. $35p (-57 delta)
http://www.investmenthouse.com/cs/wen.html
PRE-ANNOUNCEMENT PLAYS
EDMC (Education Management--$42.22; -0.02; optionable): Education and training. Forecast to announce a split on 10-24-02 in conjunction with earnings. At this time the company cannot confirm this date, but based upon our research this is the date for the announcement.
http://biz.yahoo.com/p/e/edmc.html
BACGROUND: Last announced a 2 for 1 split on 12-2-98 at a stock price of $46. The annual shareholder meeting was on 11-8-01 at which time no additional shares were authorized. The company has sufficient shares for a 2 for 1 split.
STATUS: Reverse head and shoulders. Strong move up off the 50 day MVA it tested on the low (40.79) and rallied back on stronger, above average volume. It is continuing to form the right shoulder in the pattern and it looks ready to make the move.
Volume: 379.358K Avg Volume: 348.5K
BUY POINT: $44.03 Volume=520K Target=$49.45 Stop=$40.95
POSITION: UKN LH - Dec. $40c (65 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/edmc.html
CONTINUING CANDIDATES
HSIC (Henry Schein--$53.02; -0.08; optionable): Wholesale medical equipment
http://biz.yahoo.com/p/h/hsic.html
STATUS: Test 18 day MVA. Holding the 18 day MVA on some rising though still below average volume. It really looks ready to make the move here. Again, this second test of the short term moving averages after a breakout is a perfect place to pick up positions for that next bounce. The stock has been giving about $4 on these bounces, a great return on options. On stock positions we ride the stock up for a few more bounces.
Volume: 354.765K Avg Volume: 425.59K
BUY POINT: Aggressive: 53.25. Breakout: 54.50 (orig. $52.05). Volume=550K Target=$59.85 Stop=$50.15
POSITION: HQE AI - Jan. $45c (74 delta) and/or Stock
http://www.investmenthouse.com/cs/hsic.html
POST-SPLIT
UOPX (University of Phoenix Online--$31.2; -0.3; optionable): Online education
http://biz.yahoo.com/p/u/uopx.html
STATUS: Cup w/handle. Moving in the handle of a 4-month base, working more or less along the 10 day MVA (30.71) on the close. UOPX is in the education field that remains solid. Many of the stocks in this category have moved through bases and look ready once again to make moves higher. Solid accumulation in the base at 7 up weeks on rising volume to just 3 down weeks on rising volume. A solid base with relative strength breaking out already.
Volume: 99.316K Avg Volume: 174.727K
BUY POINT: $32.1 Volume=262K Target=$37 Stop=$29.85
POSITION: UBY CF - Mar. $30c (65 delta) and/or Stock
http://www.investmenthouse.com/cs/uopx.html
STJ (St. Jude Medical--$36.4; +0.11; optionable): Medical appliances
http://biz.yahoo.com/p/s/stj.html
STATUS: Put. Another low volume move up Monday, tapping the simple 50 day MVA on the high (36.76) and falling back off of that level to close. It looks as if it is stalling out at this MVA and at price resistance at 36 as well.
Volume: 1.072M Avg Volume: 1.254M
BUY POINT: $35.95 Volume=1.9M Target=$32.05 Stop=$37.35
POSITION: STJ MH - Jan. $40p (-54 delta)
http://www.investmenthouse.com/cs/stj.html
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACAS 09/10 Put 17.86 -0.22 19.98 17 771K 900K 19.22
AGAM 08/28 cup hdl 5.79 -0.12 6.02 7.25 7.8K 75K 5.25
ALLY 09/07 cup hdl 14.5 -0.3 15.86 18.25 442K 675K 14.55
APOL 08/15 A Wedge 42.87 +0.38 40.65 48 1.6M 3.3M 39.94
APPX 09/19 cup hdl 15.9 0 17.11 20.55 38K 225K 15.85
AXP 09/17 Put 31.27 -0.51 33.18 28 4.2M 6M 33.55
AZO 08/24 DB hdl 74.78 -1.07 75.69 82.55 1M 1.5M 71.25
BDK 09/16 Put 40.76 -0.72 42.81 38.45 469K 850K 43.55
BLI 09/14 cup hdl 16.9 -1.16 19.28 23.25 1.2M 1.2M 17.75
BLL 08/06 Rv H&S 50.06 -1.11 44.55 54.55 417K 800K 51.88
BRCM 08/17 Test 50 13.21 -0.5 19.2 19.8 7M 9M 17.25
BSX 09/12 cup hdl 29.34 +0.04 30.94 35.58 1.3M 3.3M 28.77
BYD 08/19 cup hdl 17.7 +0.29 16.56 19.88 307K 461K 16.45
CECO 09/20 Test 50 45.05 -0.64 46.55 53.53 418K 700K 43.29
CHS 09/14 cup hdl 17 -1 19.05 22.94 1.1M 1.8M 17.72
COCO 09/18 Test 18 35.99 -0.56 38.11 42.75 642K 809K 35.44
COCO 08/01 Rv H&S 35.99 -0.56 29.95 36 642K 809K 34.25
COH 08/22 cup hdl 27.5 -0.64 27.55 33 784K 1.4M 28
COH 08/13 BO 27.5 -0.64 25.55 30 784K 1.4M 28
CUB 09/18 Put 18.65 -0.57 18.98 16 71K 85K 21
CYN 09/17 Put 46.14 -0.39 49.24 45.35 379K 295K 50.75
EASI 09/18 Test 18 60.95 +3.2 58.95 66 347K 304K 56.25
EASI 08/03 Flat 60.95 +3.2 50.25 58 347K 300K 55
EDMC 09/07 Rv H&S 42.22 -0.02 44.03 49.45 379K 520K 40.95
EME 09/07 Put 47.19 -2.82 52.35 46.65 199K 155K 51.05
EME 09/03 Put 47.19 -2.82 51.04 46.65 199K 155K 53
ERES 09/07 A Wedge 16.75 -0.25 17.35 19.95 158K 200K 17.25
EXPE 09/12 Put 51.56 -1.29 52.85 48.55 812K 1.8M 55.05
FBP 09/04 Flat 38.65 -0.35 41.45 47.65 31K 99K 38.55
FNFG 09/20 BO 31.45 -0.21 31.75 36.51 94K 87K 29.53
FNFG 07/27 Test BO 31.45 -0.21 28.4 33.45 94K 90K 29.25
GG 09/19 cup hdl 10.9 -0.27 11.98 14.45 1.4M 2.4M 10.95
GSBI 08/10 BO 33.25 -0.51 34.25 39.35 15K 42K 32.85
GTK 09/19 Test BO 24.22 -0.17 25.95 30 400K 1.3M 24.04
GYMB 09/18 cup hdl 17.22 -0.38 19.4 22.45 299K 586K 17.95
HSIC 09/04 BO 53.02 -0.08 52.05 59.85 355K 550K 50.15
ICUI 08/26 cup hdl 34.63 -1.09 37.89 42.75 52K 95K 36.25
JOSB 09/10 cup hdl 18.86 -0.39 20.76 24 70K 158K 19.31
KSS 08/22 cup hdl 67.45 -2.1 73.85 84.96 2.8M 3M 68.68
LANC 09/21 Test 18 42.99 -0.9 44.25 50.88 110K 254K 41.15
MIK 09/14 Test 18 43.54 -1.32 48.38 55.55 425K 875K 44.99
MRVL 08/30 Put 18.35 -0.1 18.89 15.65 2.5M 3.8M 19.85
NLS 09/21 Put 27.2 -0.5 27.55 24 694K 725K 28.75
PENN 09/14 cup hdl 17.63 +0.03 20.25 24.35 332K 480K 18.65
PFCB 09/14 Put 27.19 -0.94 28.98 26 499K 650K 29.75
PHM 09/07 Put 43.18 -1.24 46.96 43.55 681K 815K 46.51
POS 09/19 Put 27.63 -0.15 29.15 26 563K 265K 29.45
PRGX 08/27 cup hdl 13.01 -0.32 15.05 18 414K 975K 14
PSUN 09/21 cup hdl 22.76 -1.03 24.47 28.15 839K 1.5M 22.76
RESP 09/19 Put 31.72 -0.6 30.98 28 189K 250K 32.55
RFMD 09/05 Test 18 5.44 -0.43 6.08 9 5M 9.5M 5.65
RMCI 09/18 PreSplt 25.63 -0.16 25.75 29.75 248K 225K 23.65
ROST 07/27 Dbl btm 37.56 -1.94 39.95 48 1M 955K 39.45
SIAL 08/14 BO 48.15 -0.75 51.45 59.75 635K 1M 47.85
SKO 08/27 Put 13.23 -1.57 14.59 12.25 681K 300K 14.75
SPW 09/10 PreSplt 100.88 -0.37 105.15 110 343K 425K 102.55
STAR 09/19 Put 18.06 -0.14 18.54 15.55 149K 275K 20
STJ 09/21 Put 36.4 +0.11 35.95 32.05 1.1M 1.9M 37.35
TRBS 07/30 DB hdl 33 -0.51 33.65 40.45 56K 92K 33.65
TVX 09/21 cup hdl 14.75 0 15.45 18.55 75K 685K 14.25
UOPX 09/23 cup hdl 31.2 -0.3 32.1 37 99K 262K 29.85
UPC 09/17 Put 27.4 -0.19 28.32 26 519K 615K 28.95
VAR 08/10 Dbl btm 42.85 -0.15 42.75 46.9 269K 550K 41.25
VWKS 08/30 cup hdl 7.8 -0.25 8.45 10.25 111K 890K 7.86
WEN 09/21 Put 32.53 -0.04 32.75 30 771K 1.6M 33.33
YUM 09/17 Put 27.79 -0.31 27.05 24 1.2M 2.2M 29
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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understanding the stock market
stock split
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