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Begin Part 3 of 3

POST-SPLIT

Play Date: 10/12/2002
APOL (Apollo Group--$43.03; -0.29; optionable): Education and training
http://biz.yahoo.com/p/a/apol.html
STATUS: Testing the short term MVA. After a wild ride in October with the DV warning, APOL has recovered and is holding above the 18 day MVA at 43. The price/volume action has improved again, and APOL appears to be preparing for the next chance to move. After some weakness early in the week, looking for APOL to make a strong move up.
Volume: 3.647M Avg Volume: 2.489M
BUY POINT: $44.24 Volume=3.3M Target=$50.88 Stop=$42.05
POSITION: OAQ BH - Feb. $40c (67 delta) and/or Stock
http://www.investmenthouse.com/cs/apol.html

Play Date: 10/12/2002
LAND (Landair--$12.31; +1.91; no options): Trucking
http://biz.yahoo.com/p/l/land.html
STATUS: Breakout. Huge breakout Friday on a volume surge after moving in a 6-month trading range. The breakout puts it at an all-time high and we like that because there is no overhead resistance to push it back. This is a very thinly traded stock but the action is good. We are looking for a test back toward 11.50 to 12 early in the week, and then on a move higher we enter.
Volume: 23.2K Avg Volume: 5.078K
BUY POINT: From here: $12.35. After a test of 11.50 to 12. Volume=25K Target=$14.85 Stop=$11.49
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cs/land.html

Play Date: 10/12/2002
PFGC (Performance Food Group--$35.07; +0.22; optionable): Wholesale food
http://biz.yahoo.com/p/p/pfgc.html
STATUS: Testing the 200 day MVA (34.58). Working through something of a 5-month double bottom w/handle base, PFGC broke over the 200 day MVA early in the month on strong volume and is now testing that move. It did not participate in the late-week rally and that presents some concern, but if it does hold here at the 200 day that is a good launching point. We are initially looking at a simple move up to the high at 38 and are looking at options for that move, but PFGC has some of the best credentials in the market and we will let it work for us with stock positions as well. Accumulation is positive at 7 up weeks on rising volume to 6 down weeks on rising volume.
Volume: 449.43K Avg Volume: 453.846K
BUY POINT: $35.25 Volume=500K Target=$38 Stop=$33.75
POSITION: PGU LF - Dec. $30c (82 delta, 73 OI)
http://www.investmenthouse.com/cs/pfgc.html

Play Date: 10/10/2002
MCHP (Microchip--$23.18; +1.52; optionable): Semiconductors
http://biz.yahoo.com/p/m/mchp.html
STATUS: Break resistance. MCHP gapped higher Friday but spent much of the session trading off of the high (24.11). Volume was up but we did not enter positions Friday given the gap up and narrow range the rest of the session. Looking for a test of 22 early in the week and when it starts back up that is when we will enter. We are looking at this play as trade up to near the 200 day MVA (25.43).
Volume: 6.014M Avg Volume: 4.764M
BUY POINT: A test back toward 22 and on the rebound 22.25. Volume=6M Target=$25.75 Stop=$20.32
POSITION: QMT AW - Jan. $17.50c (77 delta) and/or Stock
http://www.investmenthouse.com/cs/mchp.html

Play Date: 10/12/2002
SHFL (Shuffle Master--$20.10; +1.28; optionable): Card shufflers
http://biz.yahoo.com/p/s/shfl.html
STATUS: Breakout ascending wedge. Friday saw SHFL make a high volume breakout move of the 4-month wedge. Accumulation in the pattern was positive at 6 up weeks on rising volume to 5 down weeks on rising volume. This wedge is part of a larger 6-month cup base, and it looks as if SHFL is ready to make a run up to form the right side of its base. This is a good pattern to take positions on as it makes that move. After it rallies we can either take some gain or see if it forms a handle.
Volume: 759.382K Avg Volume: 286.106K
BUY POINT: $20.38 Volume=375K Target=$24 Stop=$18.75
POSITION: SFQ BW - Feb. $17.50c (74 delta) and/or Stock
http://www.investmenthouse.com/cs/shfl.html

Play Date: 10/12/2002
THC (Tenet Healthcare--$49.4; -0.2; optionable): Hospitals
http://biz.yahoo.com/p/t/thc.html
STATUS: Testing the 50 day MVA. After moving to a new high early in the month THC tested back quickly to the 50 day MVA (48.86), tapping that level on the low and rebounding some on very strong volume. Strong volume tests of the 50 day MVA are good if the stock can bounce. We are looking to play that bounce. Accumulation in the 4-month cup base is solid at 4 up weeks on rising volume to 2 down weeks on rising volume.
Volume: 4.021M Avg Volume: 2.844M
BUY POINT: $50.05 Volume=4M Target=$55 Stop=$48.55
POSITION: THC AI - Jan $45c (70 delta) and/or Stock
http://www.investmenthouse.com/cs/thc.html

Play Date: 10/05/2002
XRAY (Dentsply--$40.99; +0.09; optionable): Dental supplies and instruments
http://biz.yahoo.com/p/x/xray.html
STATUS: Cup w/handle. Forming a handle to its 8-week base though the action Thursday was straight down on high volume, not the nice, quiet action you want to see as a stock drifts lower. Friday it held the 18 day MVA on the low (40.59) as trade quieted down. We are going to be patient and let XRAY give the strong breakout. Accumulation is positive at 2 to 0 in this short base.
Volume: 701.469K Avg Volume: 669.606K
BUY POINT: $42.28 Volume=900K Target=$48.75 Stop=$39.32
POSITION: XEQ DH - April $40c (64 delta) and/or Stock
http://www.investmenthouse.com/cs/xray.html

WATCHLIST/ CONTINUING

Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop

ACAS 09/10 Put 18.44 +1.2 17.35 14.75 1M 900K 18.25
Current. Up over the 18 day MVA on rising though still below average volume. We held it to see if the stock gives it back on some early market weakness.

ACDO 10/09 Put 46.44 +1.85 45.94 42.50 674K 850K 47.65
Buy not hit. Upped the buy point as it rallied to the 50 day.

AG 10/03 Test BO 23.87 +1.4 24.21 28 1.2M 750K 22.25
Buy not issued. Strong rally Friday on solid volume. Were close to moving in, but going to wait for a bit of market weakness early in the week and then move in on the move back up.

AGAM 10/03 Test 50 5.51 0 5.71 7 29K 100K 5.31
New buy not hit. Could be ready to start the move up again.

APOL 10/12 BO 43.03 -0.29 44.24 50.88 3.6M 3.3M 42.05
New.

APOL 08/15 A Wedge 43.03 -0.29 40.65 48 3.6M 3.3M 42
Current.

APPX 09/19 cup hdl 17.99 +0.12 17.11 20.55 839K 225K 16.35
Current. Watching that high volume.

AZO 10/01 DB hdl 81.48 +2.1 81.55 92 1.3M 1.5M 77.45
Buy not issued yet.

AZO 08/24 DB hdl 81.48 +2.1 75.69 82.55 1.3M 1.5M 77.65
Current. Gapped up Friday nicely but on lower volume. 82 is still resistance.

BCGI 10/01 cup hdl 9.78 -0.05 10.93 14 98K 250K 9.96
Current. Still struggling right at the 18 day MVA. Not bad action but slowly bleeding toward the 50 day MVA at 9.55.

BLUD 10/10 BO 18.6 -1.46 20.22 24.24 1.1M 650K 18.75
Buy not issued. Made the big move up on a gap, but then reversed on higher volume. Always careful of those gaps.

BRCM 08/17 CCall 11.47 +0.46 19.2 19.8 8.9M 9M 17.25
Current. Up to the 18 day MVA on low volume. Will test back a bit early in the week. Want it to hold 11.

BSX 09/12 cup hdl 36.29 -0.54 30.94 40 4M 3.3M 33.94
Current. Took a day off though volume was higher.

CECO 09/20 Test 50 48.1 +0.32 46.55 53.53 1.2M 700K 44.48
Current. Tried 50 but could not hold the move.

CHD 10/05 cup hdl 34 +0.48 34.35 39.75 320K 225K 31.95
Buy not issued. Good volume move up to the breakout point. Looks solid.

CLX 09/25 Put 42.1 +0.69 41.25 37.25 670K 1.2M 42.35
Current. Rallied but on low volume. Looking for weakness early in the week for either a reversal or just a better exit point.

COCO 09/18 Test 18 37.75 +1.75 38.11 42.75 1.5M 809K 35.44
Current. Big volume move Friday.

COCO 08/01 Rv H&S 37.75 +1.75 29.95 36 1.5M 809K 35.75
Current.

CPBI 10/12 cup hdl 46.23 +0.59 46.41 52.45 4.1K 25K 43.16
New.

DL 09/28 cup hdl 21.42 +0.04 21.84 25.55 710K 712K 21
Current. Gapped to 22 on the open but gave it back the rest of the session. Still in decent shape.

EASI 10/12 PreSplt 49.66 +2.06 50.24 53.55 257K 255K 47.55
New.

EASI 08/03 Flat 49.66 +2.06 50.25 58 257K 300K 55
Current. Bounced on some better volume. Looking for a move up to 53 for a better exit.

EDMC 09/07 Rv H&S 44.58 +0.85 44.03 49.45 389K 520K 41.95
Current. Up on some better volume. Not bad.

ERES 09/07 A Wedge 17.02 +1.23 17.35 19.95 181K 200K 16.95
Current. Good recovery.

ETR 09/24 Put 39.23 -1.46 37.88 34 2.2M 1.3M 41.35
Current. Rallied Thursday but then rolled back down Friday from the 50 day MVA.

FAF 10/08 Put 20.65 +0.7 19.55 17 296K 350K 20.15
Exited on a move over the 50 day MVA.

FNFG 09/20 BO 31.4 -0.25 31.75 36.51 99K 87K 29.53

FNFG 07/27 Test BO 31.4 -0.25 28.4 33.45 99K 90K 29.25

GNTX 10/12 Put 27.18 +0.19 26.97 24 309K 455K 28.15
New.

HCA 10/07 cup hdl 47.9 +1.05 49.52 56.94 2.5M 3.2M 46.05
Buy not hit. Rallied up off the 50 day MVA on continued above average volume. Looking good.

HLYW 10/09 BO 19.48 -0.17 18.45 22 1.3M 965K 17.74
Current. Took a breather after the big day.

HSIC 10/03 Test 50 52.95 +0.35 54.45 59.85 283K 550K 52.05
Buy not issued. Tried to make the move but no volume. Still waiting patiently.

HSIC 09/04 BO 52.95 +0.35 52.05 59.85 283K 550K 50.15
Current.

IGT 10/05 cup hdl 67.36 +1.56 70.95 80 888K 1.2M 66.45
Buy not hit. Looking decent, forming back up.

JPM 10/12 Put 17.19 +1.24 17.05 15 19M 20M 18.11
New.

KDE 09/25 A Wedge 27.27 +1.26 21.31 28 328K 180K 23.94
Current. Moving higher still.

LANC 09/21 Test 18 42.71 +1.41 44.25 50.88 118K 254K 41.15
Buy not hit. Looking better moving off the 50 day MVA.

LAND 10/12 BO 12.31 +1.91 12.35 14.85 23K 25K 11.49
New.

MCHP 10/10 BO 23.18 +1.52 21.85 25.75 6M 6M 20.32
Buy not issued. Looking for a pullback early in the week.

MME 10/02 cup hdl 40.25 +1.53 38.28 44 1.2M 650K 36.95
Current. Nice breakout on high volume.

NBIX 10/08 Rv H&S 39.99 -0.03 42.35 50.75 505K 1.1M 39.39
Buy not hit. Doji at the 18 day MVA. Watch this one this week.

PFCB 09/14 Put 31.13 +1.27 28.98 26 581K 650K 29.75
Exited.

PFGC 10/12 Test 50 35.07 +0.22 35.25 38 449K 500K 33.75
New.

QCOM 10/10 BO 31.37 +1.45 31.1 35 22M 20M 28.92
Current. Solid move.

RMCI 10/03 PreSplt 22.49 +0.21 23.55 26.55 71K 165K 21.9
Buy not hit.

RNR 10/09 cup hdl 42.5 +1.6 39.61 45.88 910K 623K 39.25
Current. Another strong move.

RY 10/12 Put 33.47 +0.57 33.24 31 78K 95K 34.25
New. Looking for banking stocks to weaken early in the week.

SHFL 10/12 A Wedge 20.1 +1.28 20.38 24 759K 375K 18.75
New.

SPW 09/10 PreSplt 100.58 +3.88 105.15 110 652K 425K 102.55
Rallied back to 100. Will see if it can make it to the 50 day MVA at 103.65.

SRE 10/07 Put 18.45 +0.05 18.88 16.15 953K 1.2M 19.65
Current. Stalled at the 10 day MVA on very low volume.

STE 10/07 BO 25.73 +0.28 25.24 29.4 716K 711K 24.15
Current. Took a breather on lower volume.

STE 09/28 BO 25.73 +0.28 23.95 28.75 716K 711K 24.15
Current.

STJ 10/05 Put 36.7 -0.88 36.22 33 1.6M 1.3M 37.55
Buy not hit. Gapped higher but rolled over on high volume. Still a play.

THC 10/12 Test 50 49.4 -0.2 50.05 55 4M 4M 48.55
New.

UHS 10/09 cup hdl 53 +0.75 52.12 58.25 574K 800K 49.95
Buy not issued. Tried the move but no volume with it Friday.

VAR 09/16 A Wedge 45.11 +1.11 43.96 50.55 436K 550K 42.15
Current. UP off the 10 day MVA on some slightly above average volume.

VAR 08/10 Dbl btm 45.11 +1.11 42.75 46.9 436K 550K 42.15
Current.

WAG 10/09 Put 33.83 +1.02 32.28 30 3.3M 3.5M 33.35
Current. Tested the 50 day MVA Friday. Looking for weakness early in week to roll it back down or get a better exit point.

WCNX 10/10 Put 31.83 +0.71 31.65 28 327K 325K 33
Buy not hit.

XRAY 10/05 cup hdl 40.99 +0.09 42.28 48.75 701K 900K 39.32
Buy not hit. Doji Friday on lower volume right at the 18 day MVA.

ZQK 10/08 Put 21.58 +1.79 20.95 18 316K 380K 21.15
Exited with a trailing stop.

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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