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us stock market, stock split
Begin Part 2 of 2
THE PLAYS:
Good moves: BCGI; BSX; COH; HNR; INGR; MGG
NEW BONUS PLAYS: Splitting stocks are often market leaders and thus we do not just focus on them at points where they are expected to announce or before they actually split. They provide many opportunities to invest in them and this section is where we can look at some former split stocks and other stocks that are in good position to make us money.
WGO (Winnebago--$46.95; -0.22; optionable): Motor homes
http://biz.yahoo.com/p/w/wgo.html
STATUS: Cup w/handle. WGO has been selling a lot of motor homes as citizens want to see the country through the windshield, roughing it with all the comforts of home. WGO is moving through a 5-month base, blasting up the right side of the base on very strong volume. It is now pulling back on very low, below average volume as it forms a handle just below the pre-correction high. Accumulation is solid and money flow is moving up ahead of the stock. This pullback to form the handle right before the prior high is just what it needed to consolidate the gains and weed out the rest of the sellers. Another session or two of pullback would be best. After that we look for a move over the recent high on a volume surge.
Volume: 237.6K Avg Volume: 280.227K
BUY POINT: $49.21 Volume=420K Target=$56 Stop=$45.77
POSITION: WGO DI - April $45c (63 delta) and/or Stock
http://www.investmenthouse.com/cs/wgo.html
New Post Split
Play Date: 10/23/2002
KSWS (K-Swiss--$23.48; -0.22; optionable): Shoes
http://biz.yahoo.com/p/k/ksws.html
STATUS: Cup w/handle. After splitting in June KSWS formed the current 4-month base. During the base accumulation is solid at 5 accumulation weeks to 3 distribution weeks. Money flow is excellent. KSWS is now working through its handle the past 8 sessions, and Wednesday showed a volume spike as the stock tested what as been more or less solid support at 23 and moved up. Looking of the strong volume breakout as retailers move into the holiday season. Remember, last year it was said that the holidays were going to be horrid, but they turned out quite nice. That was the stealth recovery that was underway. This year may be a bit lighter, but retail could start a move up ahead of the holidays in any event as many of the leading retailers are looking better.
Volume: 145.12K Avg Volume: 124.772K
BUY POINT: $24.11 Volume=187K Target=$28.94 Stop=$22.42
POSITION: SWU DX - April $22.50c (63 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/ksws.html
CONTINUING PLAYS
Upside:
Play Date: 10/03/2002
AG (Agco Corp.--$25.38; +0.23; optionable): Farm machinery
http://biz.yahoo.com/p/a/ag.html
STATUS: Testing the breakout. Started up off of the 10 day MVA Wednesday though volume was very low. Needs to get some volume on the move back up.
Volume: 476.1K Avg Volume: 731.136K
BUY POINT: New positions: 25.55 (orig. $24.85). Volume=750K Target=$28.65 Stop=$23.25
POSITION: AG BX - Feb. $22.50c (70 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/ag.html
Play Date: 10/16/2002
QCOM (Qualcom--$36.52; -0.44; optionable): Communication equipment
http://biz.yahoo.com/p/q/qcom.html
STATUS: Testing the move. QCOM is making the strong move we anticipated, and Wednesday it showed a doji that tested close to 35 on the low. The 10 day MVA is at 34.72; another test toward 35 would be a good entry point if we can get it.
Volume: 18.658M Avg Volume: 15.4M
BUY POINT: New positions: a test of 35, 35.55 (orig. $34.05). Volume=20M Target=$40 Stop=$33
POSITION: AAW AY - Jan. $27.50c (67 delta) or AAW AE - Jan. $25c (77 delta) and/or Stock
http://www.investmenthouse.com/cs/qcom.html
PRE-ANNOUNCEMENT PLAYS
TTC (Toro--$60.07; -0.22; no options): Mowers and the like. Forecast to announce a split on 12-4-02 in conjunction with earnings. The company has not confirmed this information, but based upon our research this is the date for the release.
http://biz.yahoo.com/p/t/ttc.html
Based upon our research it does not appear that TTC has ever split its stock. The annual shareholder meeting was on 3-14-02
STATUS: Reverse head & shoulders. TTC is testing the move, showing a tight doji just over the 10 day MVA as volume moved up a bit above average. This is the test of 60 we were looking for and volume is already moving up. Accumulation is very good at 10 up weeks on rising volume to 6 down weeks on rising volume.
Volume: 85.1K Avg Volume: 76.181K
BUY POINT: Test of 60: 60.55 on rising volume. Breakout: $62.08 Volume=120K Target=$72 Stop=$57.73
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cs/ttc.html
POST-SPLIT
Play Date: 10/19/2002
BYS (Bay State Bancorp--$19.49; +0.04; no options): Savings and loans
http://biz.yahoo.com/p/b/bys.html
STATUS: A big volume surge Wednesday as BYS holds its ground the last three sessions. The volume surge as it holds its ground indicates it may be ready to make its move. BYS is a top rates stock with great earnings.
Volume: 3.3K Avg Volume: 106.727K
BUY POINT: $19.54 Volume=185K Target=$23.45 Stop=$18.17
POSITION: Stock (no option chain)
http://www.investmenthouse.com/cs/bys.html
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$OEX 10/22 Put 454.73 +2.14 451.35 438 12M 1.5M 454
Current. OEX tanked toward the 50 day MVA but then rallied back. This was aggressive and cannot let it get away from us. If it does not start testing back we will exit.
AG 10/03 Test BO 25.38 +0.23 24.85 28.65 476K 750K 23.25
AGAM 10/03 Test 50 5.87 -0.16 5.71 7 25K 100K 5.31
ALLY 10/21 BO 17.9 +0.05 18.12 21.75 1.1M 845K 16.85
AMZN 10/21 cup hdl 19.75 +0.37 20.32 24.38 6.7M 10M 18.9
APOL 10/12 BO 42.73 +0.81 44.24 50.88 2.8M 3.3M 42.05
APOL 08/15 A Wedge 42.73 +0.81 40.65 48 2.8M 3.3M 42
APPX 09/19 cup hdl 19.3 -1.68 17.11 24 833K 225K 17.74
AZO 10/01 DB hdl 87.77 +1.07 81.55 92 888K 1.5M 80
AZO 08/24 DB hdl 87.77 +1.07 75.69 82.55 888K 1.5M 80
BCGI 10/01 cup hdl 12.09 +0.71 10.93 14 408K 250K 10.15
BLUD 10/10 BO 22.56 +0.58 21.4 24.24 662K 650K 18.75
BRCM 08/17 Test 50 11.76 +0.25 19.2 19.8 7.6M 9M 17.25
BRO 10/19 cup hdl 32.6 +0.3 33.05 38 252K 475K 30.74
BSX 10/19 Test BO 38.15 +2.1 36.55 43.75 8.5M 3.3M 33.99
BSX 09/12 cup hdl 38.15 +2.1 30.94 40 8.5M 3.3M 33.94
BYS 10/19 Cup 19.49 +0.04 19.54 23.45 3.3K 185K 18.17
CAH 10/22 cup hdl 69 -1.15 70.55 76 5.5M 3.8M 67.45
CCE 10/15 cup hdl 23.78 +0.71 23.38 28 1.1M 1.6M 21.74
CECO 09/20 Test 50 44.61 +0.62 46.55 53.53 1.6M 700K 47.75
CHD 10/05 cup hdl 34.36 -0.33 35.55 41 196K 225K 33.65
CHS 10/15 Dbl btm 20.2 +0.46 19.35 23.25 1.1M 1.9M 18
COCO 09/18 Test 18 37.65 +1.59 38.11 42.75 1M 809K 35.44
COCO 08/01 Rv H&S 37.65 +1.59 29.95 36 1M 809K 35.75
COH 10/22 cup hdl 31.79 +2.39 30.25 36.35 1.8M 1.5M 28.13
CPBI 10/12 cup hdl 50.49 +1.92 46.41 52.45 27K 25K 43.16
CRL 10/14 A Wedge 40.98 +0.4 40.22 46.45 314K 700K 37.55
CVH 09/14 cup hdl 37.3 +0.44 35.75 42 411K 1.1 33.95
DL 09/28 cup hdl 21.6 +0.11 21.84 25.55 926K 712K 21
DLX 10/08 Rv H&S 47.29 -0.04 48.4 54.45 273K 510K 44.75
EASI 10/12 PreSplt 51.72 +1.73 50.24 53.55 128K 255K 47.55
EASI 08/03 Flat 51.72 +1.73 50.25 58 128K 300K 55
EDMC 09/07 Rv H&S 42.17 +0.3 45.7 52.55 680K 520K 42.50
EDMC 09/07 Rv H&S 42.17 +0.3 44.03 49.45 680K 520K 41.95
ELAB 10/14 BO 23 -0.32 23.05 27.65 214K 225K 21.35
ERES 09/07 A Wedge 17.86 -1.09 17.35 19.95 354K 200K 16.95
ESRX 10/19 Test BO 56.18 -1.16 56.05 62 6.2M 2.5M 52.13
ETR 09/24 Put 42.54 +2.18 37.88 34 1.3M 1.3M 41.35
FNFG 09/20 BO 31.35 +0.14 31.75 36.51 48K 87K 29.53
FNFG 07/27 Test BO 31.35 +0.14 28.4 33.45 48K 90K 29.25
HCA 10/07 cup hdl 51.5 +0.5 49.52 56.94 2.6M 3.2M 47.55
HCBK 10/19 cup hdl 18.61 +0.32 19.05 22.85 132K 475K 17.55
HET 10/05 Cup 41.63 -1.1 50.7 58.75 2.7M 1.8M 47.45
HLYW 10/14 Test BO 19.61 -0.4 19.45 22 1.2M 1.2M 18.09
HLYW 10/09 BO 19.61 -0.4 18.45 22 1.2M 965K 17.74
HNR 10/17 Test BO 6.47 +0.3 6.38 7.75 235K 288K 5.78
HRH 10/21 A Wedge 42.68 -0.43 45.1 52 149K 257K 41.94
HSIC 10/03 Test 50 54.55 +1.2 54.45 59.85 224K 550K 52.05
IGT 10/05 cup hdl 74.64 +1.79 73 82 1.1M 1.2M 69
INGR 10/03 cup hdl 19.61 +0.59 19 22.25 560K 525K 17.84
KDE 09/25 A Wedge 29.23 -0.31 21.31 31 471K 180K 25.75
KSWS 10/23 cup hdl 23.48 -0.22 24.11 28.94 145K 187K 22.42
LANC 09/21 Test 18 45.69 +0.3 44.25 50.88 69K 254K 41.15
LAND 10/12 BO 12.35 -0.05 12.35 14.85 2.3K 25K 11.49
LBIX 10/14 cup hdl 3.5 -0.07 3.22 4.35 172K 145K 2.99
LNCR 10/19 Cup 34.88 +0.71 35.32 40.55 1.2M 1.1M 32.85
MARY 10/19 Test BO 25.5 +1.06 25.55 30 141K 300K 23.76
MCHP 10/10 BO 25.65 +1.25 24.45 28.5 7M 6M 22
MGG 10/22 Put 31.15 -2.26 32.91 30.15 4M 1.2M 35.05
MME 10/02 cup hdl 42.7 +0.7 40.75 46 513K 650K 38.55
MOVI 10/19 cup hdl 18.08 -0.24 18.22 22 378K 975K 16.85
NBIX 10/08 Rv H&S 41.16 -0.69 42.35 50.75 583K 1.1M 39.39
PENN 09/14 cup hdl 20 -0.44 21.15 25.35 2.3M 480K 18.65
PFGC 10/12 Test 50 37.04 +0.54 36.55 39.5 500K 500K 35.15
QCOM 10/16 BO 36.52 -0.44 34.05 40 19M 20M 33
QCOM 10/10 BO 36.52 -0.44 31.1 38 19M 20M 32.25
RNR 10/09 cup hdl 42.01 -0.34 39.61 45.88 730K 623K 39.75
SHFL 10/12 A Wedge 22.79 +0.14 20.38 24 236K 375K 19.75
SLAB 10/16 Test 50 20 -4.71 24.4 28 6M 1.3M 22.69
STE 10/07 BO 25.4 -0.26 25.24 29.4 408K 711K 24.15
STE 09/28 BO 25.4 -0.26 23.95 28.75 408K 711K 24.15
STJ 10/05 Put 37 +1.08 36.22 33 1.5M 1.3M 37.55
STJ 09/21 Put 37 +1.08 36.25 32.05 1.5M 1.9M 37.35
STU 10/16 cup hdl 96.22 -0.09 94 108 5K 40K 88.45
THC 10/12 Test 50 50.55 +0.62 50.05 55 2.3M 4M 48.55
TSCO 10/16 Test BO 37.49 -0.57 39.05 46.85 200K 235K 36.32
TTC 10/17 BO 60.07 -0.22 62.08 72 85K 120K 57.73
UHS 10/09 cup hdl 54.35 -0.45 54.25 62 4M 800K 50.95
UNH 10/15 Test BO 100.37 +1.43 95.35 106.88 1.8M 3M 92.25
VAR 09/16 A Wedge 46.72 +0.34 43.96 50.55 354K 550K 43.94
VAR 08/10 Dbl btm 46.72 +0.34 42.75 46.9 354K 550K 42.15
WEDC 10/19 BO 9.53 -0.1 9.45 12 40K 142K 7.95
WGO 10/23 cup hdl 46.95 -0.22 49.21 56 238K 420K 45.77
WHI 10/16 DB hdl 18.13 +0.23 18.6 22.25 69K 356K 17.16
XRAY 10/05 cup hdl 38.85 -0.28 42.28 48.75 1.1M 900K 39.85
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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