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stock split, stock recommendation
Begin Part 2 of 2
THE PLAYS:
Great moves by BCGI; CYN!
NEW BONUS PLAYS:
Downside:
KLAC (KLA Tencor--$29.45; +0.22; optionable): Chip equipment
http://biz.yahoo.com/p/k/klac.html
STATUS: Put. Tested over the 18 day MVA (29.07) on the high (30.70) and pulled well off of that level on rising, above average volume. It made a recent higher low, but on very low volume compared to the selling. Wednesday's reversal on a large volume spike is similar to what the stock showed at the 18 day MVA in early September. We are not anticipating as large a move down, but the AMD news won't help the stock to the upside.
Volume: 20.939M Avg Volume: 15.817M
BUY POINT: $29.15 Volume=20M Target=$26.15 Stop=$30.85
POSITION: KCQ WF - Nov. $30p (-48 delta) or KCQ WG - Nov. $35p (-69 delta)
http://www.investmenthouse.com/cs/klac.html
CONTINUING BONUS PLAYS
Downside:
Play Date: 09/10/2002
ACAS (American Capital--$18.43; -0.41; optionable): Financial services
http://biz.yahoo.com/p/a/acas.html
STATUS: Put. Testing the 10 day MVA (18.48). ACAS sold back to 18 and rallied to close right at the 10 day MVA. The doji at that resistance level indicates ACAS may be ready to continue lower though it may test the 18 day MVA at 19 first. 18 is support, and that is why we want to see it move through that level as it tested it again today.
Volume: 962.541K Avg Volume: 895.09K
BUY POINT: $17.97 Volume=900K Target=$14.95 Stop=$19.22
POSITION: DQS WX - Nov. $22.50p (-69 delta) or DQS WD - Nov. $20p (-57 delta)
http://www.investmenthouse.com/cs/acas.html
Upside:
BCGI (Boston Communications--$10.94; +0.54; optionable): Wireless communications
http://biz.yahoo.com/p/b/bcgi.html
STATUS: Cup w/handle. Still a buy as it starts to move out of its 5.5-month base. Accumulation is solid at 6 up weeks on rising volume to 3 down weeks on rising volume. Money flow is excellent and relative strength broke on the move up. Wireless is one of the best performing sectors in tech recently as it shows the most demand.
Volume: 383.208K Avg Volume: 135.59K
BUY POINT: $10.93 Volume=250K Target=$14 Stop=$9.96
POSITION: QGB LB - Dec. $10 c (63 delta) and/or Stock
http://www.investmenthouse.com/cs/bcgi.html
UHS (Universal Health Services--$52; +0.91; optionable): Hospitals
http://biz.yahoo.com/p/u/uhs.html
STATUS: Cup w/handle. Also breaking out of its 3.5 month base. It did not wait and move laterally a few more sessions, but who are we to argue. Still a buy at this point.
Volume: 808.1K Avg Volume: 557.272K
BUY POINT: $51.79 Volume=800K Target=$58.25 Stop=$49.35
POSITION: UHS AJ - Jan. $50c (66 delta) and/or Stock
http://www.investmenthouse.com/cs/uhs.html
NEW PRE-ANNOUNCEMENT PLAYS
MME (Mid-Atlantic Medical--$38.12; +1.22; optionable): Health care plans. Forecast to announce a split 11-6-02 after the close.
http://biz.yahoo.com/p/m/mme.html
BACKGROUND: MME has announced two prior splits in 1993 and 1994. For the first time since that time the stock is back at those levels.
STATUS: Cup w/handle. Making a strong breakout move from a 6-week handle to a 15-week base. Relative strength is breaking out with the move. Accumulation is solid at 3 up weeks on rising volume to just 1 down week on rising volume. A breakout over the June highs near 40 put MME at an all-time high.
Volume: 611.3K Avg Volume: 515.318K
BUY POINT: $38.28 Volume=650K Target=$44 Stop=$35.6
POSITION: MME CF - Mar. $30 c (77 delta, low OI) OR MME CG - Mar. $35c (64 delta) and/or Stock
http://www.investmenthouse.com/cs/mme.html
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACAS 09/10 Put 18.13 -0.3 17.97 14.95 830K 900K 19.22
ACS 09/28 Put 41.06 -3.5 42.45 38 2.7M 1.8M 43.35
AGAM 08/28 cup hdl 5.41 -0.12 6.02 7.25 47K 75K 5.25
ALLY 09/07 cup hdl 15.61 -0.31 15.86 18.25 363K 675K 14.55
APOL 08/15 A Wedge 43.29 -1.96 40.65 48 2.9M 3.3M 42
APPX 09/19 cup hdl 15.95 -0.7 17.11 20.55 42K 225K 15.85
AXP 09/17 Put 31.2 -1.44 33.18 28 4.6M 6M 33.55
AZO 10/01 DB hdl 81.4 +0.12 81.55 92 1.6M 1.5M 77.45
AZO 08/24 DB hdl 81.4 +0.12 75.69 82.55 1.6M 1.5M 71.25
BCGI 10/01 cup hdl 10.94 +0.54 10.93 14 383K 250K 9.96
BLL 08/27 cup hdl 48.4 -3.76 48.35 55 1.3M 800K 51.88
BLL 08/06 Rv H&S 48.4 -3.76 44.55 54.55 1.3M 800K 51.88
BRCM 08/17 Test 50 11.51 +0.29 19.2 19.8 14M 9M 17.25
BSX 09/12 cup hdl 35.6 +3.32 30.94 35.58 13M 3.3M 29.25
BYD 09/16 Test BO 17.5 -1.09 18.05 20.75 1.2M 461K 16.79
BYD 08/19 cup hdl 17.5 -1.09 16.56 19.88 1.2M 461K 16.45
CECO 09/20 Test 50 49.56 -1.48 46.55 53.53 3M 700K 43.85
CHS 09/14 cup hdl 16.31 +0.38 19.05 22.94 2.1M 1.8M 17.72
CLX 09/25 Put 40.74 -0.78 41.25 37.25 650K 1.2M 42.35
CMCSA 09/30 Put 21.2 -1.58 21.18 18 304K 300K 23.35
COCO 09/18 Test 18 37.29 -1.14 38.11 42.75 1M 809K 35.44
COCO 08/01 Rv H&S 37.29 -1.14 29.95 36 1M 809K 34.25
CYN 10/01 Put 44.82 -3.18 48.94 45.25 1.1M 295K 51
DL 09/28 cup hdl 21.65 -0.38 21.84 25.55 425K 712K 20.31
EASI 09/18 Test 18 56.51 -0.19 58.95 66 233K 304K 56.25
EASI 08/03 Flat 56.51 -0.19 50.25 58 233K 300K 55
EDMC 09/07 Rv H&S 44.83 -1.23 44.03 49.45 652K 520K 40.95
ERES 09/07 A Wedge 18.8 -0.55 17.35 19.95 105K 200K 17.25
FNFG 09/20 BO 31.82 -0.01 31.75 36.51 52K 87K 29.53
FNFG 07/27 Test BO 31.82 -0.01 28.4 33.45 52K 90K 29.25
GG 09/19 cup hdl 10.72 -0.24 11.98 14.45 1.5M 2.4M 10.95
GTK 09/19 Test BO 23.83 -1.17 25.95 30 862K 1.3M 24.04
GYMB 09/18 cup hdl 15.81 -0.29 19.4 22.45 766K 586K 17.95
HSIC 09/04 BO 51.63 -1.28 52.05 59.85 794K 550K 50.15
IDXX 09/26 cup hdl 31.34 -0.15 32.11 36.75 240K 468K 29.86
JCI 09/28 Put 75.35 -2.45 77.05 73.55 552K 625K 79.68
KDE 09/25 A Wedge 23.9 -0.53 21.31 25.55 265K 180K 21.55
KLAC 10/02 PreSplt 29.45 +0.22 29.15 26.15 21M 20M 30.85
KSS 08/22 cup hdl 59.57 -3.43 73.85 84.96 5.6M 3M 68.68
KSS 08/22 cup hdl 59.57 -3.43 73.85 84.96 5.6M 3M 68.68
LANC 09/21 Test 18 43.33 -0.46 44.25 50.88 177K 254K 41.15
MBG 09/24 cup hdl 34.19 -0.85 33.51 38.55 890K 1M 32
MBI 09/28 Put 39.08 -2.06 39.98 36.73 928K 1M 42.25
MIK 09/14 Test 18 45.07 -0.48 48.38 55.55 631K 875K 44.99
MME 10/02 cup hdl 38.12 +1.22 38.28 44 611K 650K 35.6
PFCB 09/14 Put 29.5 +1.42 28.98 26 1.8M 650K 29.75
RFMD 09/05 Test 18 6.87 +0.38 6.08 9 7.8M 9.5M 5.65
RGLD 09/28 Test 50 19.17 +0.29 18.65 22.35 377K 575K 17.34
RMCI 09/18 PreSplt 22.87 -1.82 25.75 29.75 168K 225K 23.65
SPW 09/10 PreSplt 100.63 -4.86 105.15 110 318K 425K 102.55
STE 09/28 BO 25.6 +0.12 23.95 28.75 675K 711K 22.12
STJ 09/21 Put 36.57 +0.03 36.25 32.05 856K 1.9M 33.71
TVX 09/21 cup hdl 12.87 -0.18 15.45 18.55 76K 685K 14.25
UHS 10/01 cup hdl 52 +0.91 51.79 58.25 808K 800K 49.35
UOPX 09/23 cup hdl 31.6 -1.84 32.1 37 300K 262K 29.85
UPC 09/17 Put 26.99 -1.42 28.32 26 653K 615K 28.95
VAR 09/16 A Wedge 43.98 -0.2 43.96 50.55 261K 550K 41.85
VAR 08/10 Dbl btm 43.98 -0.2 42.75 46.9 261K 550K 41.25
WB 09/25 Put 33 -1.27 33.25 30 5.1M 4M 34.15
WEN 09/21 Put 35.76 +1.11 32.75 30 2.3M 1.6M 33.33
YUM 09/17 Put 29.55 +0.17 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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stock split
stock recommendation
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