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understanding the stock market, stock trading site
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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
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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.
TEAM TRADES
MRK: A wide array of sectors are under pressure, big drugs as well. MRK is a Daily play as a stock that had rallied to the 50 day MVA and failed on high volume. It started down again Monday as did most stocks, hitting the buy point in the first half hour. We were looking at some November put options, and when the buy was hit they were trading 5.00 by 5.20. The limit was put in at the ask price and that was sufficient even though the stock continued to fall. The stock moved lower to 45.10 (buy at 46.08), but then bounced mid-morning with the rest of the market. The options made it back to the buy point after moving up to 5.60 and higher, but then the stock rolled back over, the options closing at 5.20 by 5.40.
THE PLAYS:
NEW BONUS PLAYS:
Downside:
ACS (Affiliated Computer--$42.55; -0.05; optionable): ITS
Play Date: 09/28/2002
http://biz.yahoo.com/p/a/acs.html
STATUS: Testing 18 day MVA. Showing another tight doji that tested the 18 day MVA on the high (43.25) and closed just above the 10 day MVA on rising, above average volume. This comes after a rally up off of low at 38; looks very much as if at least one more test of the low is coming if it breaks below 42 on some more volume.
Volume: 1.663M Avg Volume: 1.562M
BUY POINT: $41.96 Volume=1.8M Target=$38 Stop=$43.35
POSITION: ACS WI - Nov. $45p (-56 delta)
http://www.investmenthouse.com/cs/acs.html
CMCSA (Comcast--$21.33; -1.67; optionable): Cable TV
http://biz.yahoo.com/p/c/cmcsa.html
STATUS: Put. CMCSA tried the 50 day MVA (23.29) Thursday and then broke down on heavy volume Monday. This move continues the downtrend that has been in place since December and took out some price support at 22. Looks ready to head sharply lower here.
Volume: 515.6K Avg Volume: 228.279K
BUY POINT: $21.18 Volume=300K Target=$18 Stop=$23.35
POSITION: CCQ ME - Jan. $25p (-60 delta)
http://www.investmenthouse.com/cs/cmcsa.html
CONTINUING BONUS PLAYS
Downside:
JCI (Johnson Controls--$76.82; -0.48; optionable): Auto parts
http://biz.yahoo.com/p/j/jci.html
STATUS: Put. Testing the 18 day MVA (79.42). Was all over the map, testing the 10 day MVA on the high (78.30) before fading at the close. We were looking hard at getting in near the close, but decided to see if it tests the 10 day MVA at 78 one more time on the auto sales numbers tomorrow morning.
Volume: 609.9K Avg Volume: 578K
BUY POINT: New positions: After a test of 79.42 or a move down from here in continued market selling (orig. $77.05). Volume=625K Target=$73.55 Stop=$80
POSITION: JCI WP - Nov. $80p (-59 delta)
http://www.investmenthouse.com/cs/jci.html
Upside:
DL (Dial Corp.--$21.46; -0.14; optionable): Don't you wish everyone used it?
http://biz.yahoo.com/p/d/dl.html
STATUS: Cup (w/handle?). DL looks to be forming the handle now to its 4.5-month cup base. Accumulation is solid at 7 up weeks on rising volume to 3 down weeks on rising volume.
Volume: 710.8K Avg Volume: 547.09K
BUY POINT: $21.84 Volume=712K Target=$25.55 Stop=$20.31
POSITION: DL AD - Jan. $20c (74 delta) and/or Stock
http://www.investmenthouse.com/cs/dl.html
PRE-SPLIT
RMCI (Right Management--$24.64; +0.53; optionable): Splits 3:2 on 10-16.
http://biz.yahoo.com/p/r/rmci.html
STATUS: Tested the 50 day MVA on the low (23.39) and then rallied for a positive close over the 10 day MVA on rising, above average volume. Nice feat given the overall selling in the volume. Looks ready to make the bounce up off of this important level.
Volume: 184.65K Avg Volume: 147.909K
BUY POINT: $25.05 (orig. $25.75). Volume=225K Target=$29.75 Stop=$23.65
POSITION: UHU AD - Jan. $20c (74 delta) and/or Stock
http://www.investmenthouse.com/cs/rmci.html
POST-SPLIT
COCO (Corinthian Colleges--$37.74; +0.89; optionable): Education
http://biz.yahoo.com/p/c/coco.html
STATUS: Ascending wedge. Tested 36 on the low once again and then made the buy point briefly. Volume was up but not high enough. It closed below the buy point, but is champing at the bit.
Volume: 684.11K Avg Volume: 789.5K
BUY POINT: Breakout: $38.11 Volume=809K Target=$42.75 Stop=$35.44
POSITION: UCS BF - Feb. $30c (74 delta) and/or Stock
http://www.investmenthouse.com/cs/coco.html
GTK (Gtech Holdings--$24.82; +0.32; optionable): Business software
Play Date: 09/19/2002
http://biz.yahoo.com/p/g/gtk.html
STATUS: Moving up off the 200 day MVA after breaking below that level intraday. Volume moved up to just about average. Could be getting ready for the move.
Volume: 749.8K Avg Volume: 753.909K
BUY POINT: $25.95 Volume=1.3M Target=$30 Stop=$24.04
POSITION: GTK CX - Mar. $22.50c (87 delta) and/or Stock
http://www.investmenthouse.com/cs/gtk.html
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 09/28 Put 407.25 -5.97 411 395 13M 0 415
Buy not issued. Tanked hard and fast early and was down near the target point without giving much of a chance to enter.
ACAS 09/10 Put 18.84 +0.57 17.97 14.95 856K 900K 19.22
ACS 09/28 Put 42.55 -0.05 42.45 38 1.7M 1.8M 43.35
AGAM 08/28 cup hdl 5.55 +0.28 6.02 7.25 82K 75K 5.25
ALLY 09/07 cup hdl 15.46 -0.16 15.86 18.25 693K 675K 14.55
APOL 08/15 A Wedge 43.43 -0.2 40.65 48 2.1M 3.3M 42
APPX 09/19 cup hdl 16.33 -0.42 17.11 20.55 326K 225K 15.85
ATVI 09/26 Put 23.93 -1.15 25.86 23.15 2.6M 1.8M 26.65
AXP 09/17 Put 31.18 -0.3 33.18 28 7M 6M 33.55
AZO 08/24 DB hdl 78.86 -1.13 75.69 82.55 1.4M 1.5M 71.25
BLL 08/27 cup hdl 50.39 -0.52 48.35 55 522K 800K 51.88
BLL 08/06 Rv H&S 50.39 -0.52 44.55 54.55 522K 800K 51.88
BRCM 08/17 Test 50 10.68 -0.27 19.2 19.8 9.2M 9M 17.25
BSX 09/12 cup hdl 31.56 +0.08 30.94 35.58 2.9M 3.3M 29.25
BYD 09/16 Test BO 18.67 +0.06 18.05 20.75 467K 461K 16.79
BYD 08/19 cup hdl 18.67 +0.06 16.56 19.88 467K 461K 16.45
CECO 09/20 Test 50 48 +1.26 46.55 53.53 634K 700K 43.85
CHS 09/14 cup hdl 15.93 -1.22 19.05 22.94 1.5M 1.8M 17.72
CLX 09/25 Put 40.18 -0.88 41.25 37.25 1.6M 1.2M 42.35
CMCSA 09/30 Put 21.33 -1.67 21.18 18 516K 300K 23.35
COCO 09/18 Test 18 37.74 +0.89 38.11 42.75 684K 809K 35.44
COCO 08/01 Rv H&S 37.74 +0.89 29.95 36 684K 809K 34.25
COH 08/22 cup hdl 25.6 -1.51 27.55 33 1.1M 1.4M 28
COH 08/13 BO 25.6 -1.51 25.55 30 1.1M 1.4M 28
CUB 09/18 Put 17 -1.06 18.98 16 129K 85K 21
DL 09/28 cup hdl 21.46 -0.14 21.84 25.55 711K 712K 20.31
EASI 09/18 Test 18 57.04 -0.94 58.95 66 312K 304K 56.25
EASI 08/03 Flat 57.04 -0.94 50.25 58 312K 300K 55
EDMC 09/07 Rv H&S 44.27 +0.83 44.03 49.45 380K 520K 40.95
ERES 09/07 A Wedge 18.45 +0.01 17.35 19.95 213K 200K 17.25
EXPE 09/12 Put 50.65 -0.62 52.85 48.55 1.3M 1.8M 55.05
FNFG 09/20 BO 31.59 +0.01 31.75 36.51 37K 87K 29.53
FNFG 07/27 Test BO 31.59 +0.01 28.4 33.45 37K 90K 29.25
GG 09/19 cup hdl 11.03 -0.02 11.98 14.45 1.5M 2.4M 10.95
GTK 09/19 Test BO 24.82 +0.32 25.95 30 750K 1.3M 24.04
GYMB 09/18 cup hdl 16.31 -0.66 19.4 22.45 826K 586K 17.95
HSIC 09/04 BO 52.75 -0.49 52.05 59.85 364K 550K 50.15
ICUI 08/26 cup hdl 36.52 -0.18 37.89 42.75 60K 95K 36.25
IDXX 09/26 cup hdl 30.94 +0.44 32.11 36.75 224K 468K 29.86
JCI 09/28 Put 76.82 -0.48 77.05 73.55 610K 625K 80
KDE 09/25 A Wedge 23.73 +0.34 21.31 25.55 209K 180K 21.55
KSS 08/22 cup hdl 60.81 -3.28 73.85 84.96 6.3M 3M 68.68
KSS 08/22 cup hdl 60.81 -3.28 73.85 84.96 6.3M 3M 68.68
LANC 09/21 Test 18 42.12 -0.06 44.25 50.88 142K 254K 41.15
MBG 09/24 cup hdl 33.55 -0.73 33.51 38.55 1.6M 1M 31.16
MBI 09/28 Put 39.95 -0.15 39.98 36.73 918K 1M 42.25
MIK 09/14 Test 18 45.7 -0.67 48.38 55.55 783K 875K 44.99
PFCB 09/14 Put 29.03 +0.2 28.98 26 689K 650K 29.75
PSUN 09/21 cup hdl 20.36 -1.54 24.47 28.15 2.5M 1.5M 22.76
RFMD 09/05 Test 18 6 -0.37 6.08 9 4.1M 9.5M 5.65
RGLD 09/28 Test 50 19.07 +0.71 18.65 22.35 578K 575K 17.34
RMCI 09/18 PreSplt 24.64 +0.53 25.75 29.75 185K 225K 23.65
SPW 09/10 PreSplt 100.9 -0.2 105.15 110 587K 425K 102.55
STE 09/28 BO 24.91 +1.16 23.95 28.75 1.1M 711K 22.12
STJ 09/21 Put 35.7 -0.98 36.25 32.05 1.1M 1.9M 33.71
TVX 09/21 cup hdl 14.18 +0.23 15.45 18.55 138K 685K 14.25
UOPX 09/23 cup hdl 32.15 +0.03 32.1 37 102K 262K 29.85
UPC 09/17 Put 27.46 +0.06 28.32 26 467K 615K 28.95
VAR 09/16 A Wedge 42.99 -0.69 43.96 50.55 296K 550K 41.85
VAR 08/10 Dbl btm 42.99 -0.69 42.75 46.9 296K 550K 41.25
VWKS 08/30 cup hdl 7.27 -0.72 8.45 10.25 367K 890K 7.86
WB 09/25 Put 32.69 -0.28 33.25 30 4M 4M 34.15
WEN 09/21 Put 33.11 -1.29 32.75 30 1.9M 1.6M 33.33
YUM 09/17 Put 27.71 -0.31 27.05 24 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
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