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us stock market, stock split
Begin Part 2 of 2
THE PLAYS:
Good moves: PFGC; BYS; BCGI; KLAC. Wish all stocks and sectors moved this well.
LEADER 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.
NEW: A former split play that has worked its way back into a good pattern.
WFMI (Whole Foods Market--$47.44; -0.3; optionable): Natural food grocery store
http://biz.yahoo.com/p/w/wfmi.html
STATUS: Cup w/handle. A rather up and down pattern, but WFMI has carved out a 5-month base and is now forming a handle to that base the past week as volume has moved well below average during the pullback. Accumulation during the base is solid at 8 up weeks on rising volume to 5 down weeks on rising volume. That means overall there were buyers of the stock as it based out. Now we need to see a strong volume breakout over the high in the handle.
Volume: 390.438K Avg Volume: 658.454K
BUY POINT: $49.35 Volume=975K Target=$56.75 Stop=$45.94
POSITION: FMQ BI - Feb. $45c (64 delta) and/or Stock
http://www.investmenthouse.com/cs/wfmi.html
CONTINUING PLAYS
Upside:
Play Date: 10/24/2002
ABFS (Arkansas Best--$30.48; -0.39; optionable): Trucking
http://biz.yahoo.com/p/a/abfs.html
STATUS: Testing the breakout. Holding above 30 on the intraday tests and closing over the 10 day MVA (30.40) as volume dries completely up. Held up well during the overall down session, a good sign.
Volume: 112.5K Avg Volume: 371.454K
BUY POINT: $31.05 Volume=475K Target=$37 Stop=$28.88
POSITION: FDQ CF - March $30c (60 delta, low OI) and/or Stock
http://www.investmenthouse.com/ci/abfs.html
Play Date: 10/08/2002
NBIX (Neurocrine Biosciences--$42.56; +0.84; optionable): Biotechnology
http://biz.yahoo.com/p/n/nbix.html
STATUS: Cup/Ascending wedge. Solid move off the 50 day MVA (39.48) Friday and a further move Monday but volume was still not there, coming in below average. Still looks very solid and looking for stronger volume on a strong breakout. This is a wedge following a cup, one of our favorite patterns. Excellent accumulation.
Volume: 580.4K Avg Volume: 689.318K
BUY POINT: Next: 42.85 (orig. $42.35) Volume=1.1M Target=$50.75 Stop=$39.39
POSITION: UOT BH - Feb. $40c (60 delta) and/or Stock
http://www.investmenthouse.com/cs/nbix.html
Downside:
Play Date: 10/24/2002
VARI (Varian--$29.43; +0.45; optionable): Scientific and technical instruments
http://biz.yahoo.com/p/v/vari.html
STATUS: Put. Ran up over the 18 day MVA, but reversed and closed a fraction below that level on continued above average volume. It now looks ready to resume the fall in its continuing downtrend.
Volume: 383.477K Avg Volume: 439.5K
BUY POINT: $28.85 Volume=500K Target=$26 Stop=$31.15
POSITION: IUA NF - Feb. $30p (-52 delta)
http://www.investmenthouse.com/cs/vari.html
POST-SPLIT
Play Date: 10/21/2002
ALLY (Alliance Gaming--$17.25; -0.45; optionable): Gaming
http://biz.yahoo.com/p/a/ally.html
STATUS: Testing the breakout. Very nice lateral move over 17 as the 10 day MVA rises to meet it. Volume has trended lower as the stock as pulled back. This is exactly the kind of test we like.
Volume: 554.44K Avg Volume: 613.318K
BUY POINT: $18.12 Volume=845K Target=$21.75 Stop=$16.85
POSITION: AQL DC - April $15c (76 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/ally.html
Play Date: 10/19/2002
HCBK (Hudson City Bancorp--$18.49; -0.13; optionable): Savings and loans
http://biz.yahoo.com/p/h/hcbk.html
STATUS: Held up very well in the Monday selling as it moved just fractionally lower on very, very low volume. This action continues the tight, lateral handle to its double bottom base. Looking very solid and in a sector that could provide some good gains.
Volume: 107.34K Avg Volume: 278.772K
BUY POINT: $19.05 Volume=475K Target=$22.85 Stop=$17.55
POSITION: KHQ DC - April $15c (no OI) and/or Stock
http://www.investmenthouse.com/cs/hcbk.html
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ABFS 10/24 Test BO 30.48 -0.39 31.05 37 112K 475K 28.88
AGAM 10/03 Test 50 5.95 -0.03 5.71 7 12K 100K 5.31
ALLY 10/21 BO 17.25 -0.45 18.12 21.75 554K 845K 16.85
APOL 10/12 BO 41.12 -1.97 44.24 50.88 2.2M 3.3M 42.05
Current. Back below the 50 day MVA at 42 on some lower, below average volume. Has held at this point for several sessions and seeing if it can find a floor here.
APOL 08/15 A Wedge 41.12 -1.97 40.65 48 2.2M 3.3M 42
AZO 10/01 DB hdl 83.11 -2.84 81.55 92 1.1M 1.5M 83.18
AZO 08/24 DB hdl 83.11 -2.84 75.69 82.55 1.1M 1.5M 80
BBBY 10/26 Cup 36.03 -1.26 37.65 43 4.8M 7M 35.01
BCGI 10/01 cup hdl 12.95 +0.47 10.93 14 264K 250K 10.95
BLUD 10/10 BO 21.32 -0.33 21.4 24.24 216K 650K 18.75
BRCM 08/17 Test 50 12.23 -0.01 19.2 19.8 8.9M 9M 17.25
BRO 10/19 cup hdl 31.5 -0.66 33.05 38 116K 475K 30.74
BSX 10/19 Test BO 37.51 -0.59 37.75 45.75 2.5M 3.3M 35.85
BSX 09/12 cup hdl 37.51 -0.59 30.94 40 2.5M 3.3M 35.85
BYS 10/19 Cup 20.75 +1.46 19.54 23.45 166K 185K 18.17
CAH 10/22 cup hdl 69.57 -0.79 70.55 76 2.7M 3.8M 67.45
CCE 10/15 cup hdl 23.3 -0.88 23.38 28 998K 1.6M 22.75
CECO 09/20 Test 50 45.6 -0.6 46.55 53.53 1.3M 700K 47.75
Current. Stalling at the 50 day MVA. May be time to exit.
CHD 10/05 cup hdl 33.53 -1.01 35.55 41 113K 225K 33.65
CHS 10/15 Dbl btm 19.8 -0.61 19.35 23.25 1.5M 1.9M 18.65
COCO 09/18 Test 18 34.6 -2.45 38.11 42.75 1.2M 809K 35.44
Current. Broke back through the 50 day MVA on some rising, above average volume. Some support at 34 that has to hold.
COCO 08/01 Rv H&S 34.6 -2.45 29.95 36 1.2M 809K 35.75
COH 10/22 cup hdl 30.7 -1.17 30.25 36.35 875K 1.5M 29.85
CPBI 10/12 cup hdl 50.34 -0.07 46.41 52.45 6.9K 25K 43.16
CRL 10/14 A Wedge 39.6 -0.4 40.22 46.45 191K 700K 37.55
CVH 09/14 cup hdl 34.26 -1.76 35.75 42 1M 1.1 33.95
Current. Turned back over. Trying to hold support at 32.
DL 09/28 cup hdl 20.78 -0.41 21.84 25.55 641K 712K 21
Current. Back below the 50 day, and won't hang around if it sells any further.
DLX 10/08 Rv H&S 45.48 -1.79 48.4 54.45 332K 510K 45.65
Current. Back to the 50 day MVA.
EDMC 09/07 Rv H&S 40.9 -1.48 44.03 49.45 444K 520K 41.95
Current. Turned over at the 50 day MVA on above average volume.
EDMC 09/07 Rv H&S 40.9 -1.48 45.7 52.55 444K 520K 42.50
ELAB 10/14 BO 20.53 -0.14 23.05 27.65 305K 225K 21.35
ERES 09/07 A Wedge 14.51 -0.13 17.35 19.95 430K 200K 16.95
FNFG 09/20 BO 30.76 -0.54 31.75 36.51 34K 87K 29.53
GSB 10/26 cup hdl 36.24 +0.24 36.12 41.35 469K 1.6M 34
GYMB 09/18 cup hdl 19.15 -0.65 19.64 22.45 783K 586K 18.27
HCA 10/07 cup hdl 48.65 -2.33 49.52 56.94 5.4M 3.2M 48.49
Current. Tapped the 50 day MVA on the low on heavy volume. Slight recovery. Support at 48.
HCBK 10/19 cup hdl 18.49 -0.13 19.05 22.85 107K 475K 17.55
HLYW 10/14 Test BO 18.91 -1.05 19.45 22 1.2M 1.2M 18.09
HLYW 10/09 BO 18.91 -1.05 18.45 22 1.2M 965K 17.74
HNR 10/17 Test BO 6.78 -0.22 6.38 7.75 120K 288K 5.78
HRH 10/21 A Wedge 42.05 -0.7 45.1 52 69K 257K 41.94
HSIC 10/03 Test 50 52.51 -1.6 54.45 59.85 716K 550K 52.05
IDXX 09/26 cup hdl 34.93 +0.15 32.11 36.75 844K 468K 31.55
IGT 10/05 cup hdl 75.02 -0.17 73 82 1.4M 1.2M 69
INGR 10/03 cup hdl 19.29 -0.16 19 22.25 659K 525K 18.25
KDE 09/25 A Wedge 27.9 -0.9 21.31 31 214K 180K 25.75
KLAC 10/19 BO 35 +1.38 33.05 38 23M 1.9M 30.74
KSWS 10/23 cup hdl 25.41 -0.94 24.11 28.94 389K 187K 24.94
LANC 09/21 Test 18 45.84 -0.39 44.25 50.88 61K 254K 41.15
LAND 10/12 BO 12.25 -0.03 12.35 14.85 800 25K 11.49
LBIX 10/14 cup hdl 3.05 -0.05 3.22 4.35 116K 145K 2.99
LNCR 10/19 Cup 33.96 -1.02 35.32 40.55 1.2M 1.1M 33.65
MCHP 10/10 BO 23.37 -0.67 24.45 28.5 4.5M 6M 22
MME 10/02 cup hdl 37.95 -2.9 40.75 46 1.2M 650K 39.55
Current. Medical still struggling, falling to the 50 day MVA.
MOVI 10/19 cup hdl 17.86 -0.46 18.22 22 755K 975K 16.85
NBIX 10/08 Rv H&S 42.56 +0.84 42.35 50.75 580K 1.1M 39.39
PENN 09/14 cup hdl 19.44 -0.41 21.15 25.35 365K 480K 18.65
PFGC 10/12 Test 50 38.2 +1.43 36.55 39.5 967K 500K 35.65
QCOM 10/24 Test BO 35.39 -1.13 35.65 40 15M 18M 34.05
QCOM 10/10 BO 35.39 -1.13 31.1 38 15M 20M 34.05
RNR 10/09 cup hdl 41 -2.24 39.61 45.88 562K 623K 41
Current. Sold down to the 18 day MVA on above average volume.
SBUX 10/16 cup hdl 23.19 -0.74 24.21 29 3.7M 5.5M 22.35
SHFL 10/12 A Wedge 22.38 -0.27 20.38 24 952K 375K 21
SLAB 10/16 Test 50 22.24 +0.89 24.4 28 1.5M 1.3M 22.69
SLE 10/26 Test BO 22.4 -0.4 23.11 27.55 2.2M 3.8M 21.65
STE 10/07 BO 25.43 -0.31 25.24 29.4 271K 711K 24.15
STE 09/28 BO 25.43 -0.31 23.95 28.75 271K 711K 24.15
STU 10/16 cup hdl 96.25 -0.22 94 108 14K 40K 88.45
TSCO 10/16 Test BO 36.93 -1.64 39.05 46.85 236K 235K 36.32
Current. Took a hit with the rest of the retail sector, down to the 10 day MVA on rising, above average volume.
TTC 10/17 BO 61.3 -0.4 62.08 72 80K 120K 57.73
UNH 10/15 Test BO 95.64 -1.45 95.35 106.88 3M 3M 92.25
VAR 10/25 A Wedge 48.81 +0.83 47.5 54.55 1.3M 550K 45.25
VAR 09/16 A Wedge 48.81 +0.83 43.96 50.55 1.3M 550K 45
VAR 08/10 Dbl btm 48.81 +0.83 42.75 50.55 1.3M 550K 45
VARI 10/24 Put 29.43 +0.45 28.85 26 383K 500K 31.15
WEDC 10/19 BO 9.43 -0.7 9.45 12 133K 142K 9.15
Current. Massive reversal on above average volume. Held the 10 day MVA on the low.
WFMI 10/28 cup hdl 47.44 -0.3 49.35 56.75 390K 975K 45.94
WGO 10/23 cup hdl 45.3 -2.11 49.21 56 274K 420K 45.77
WHI 10/16 DB hdl 17.6 -0.64 18.6 22.25 115K 356K 17.16
XRAY 10/05 cup hdl 37.67 -1.26 42.28 48.75 940K 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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