stock split, stock recommendation

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12/23/02 Stock Split Report
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Stock Split Report Subscribers:

* * HOLIDAY SCHEDULE * * *

Monday: Market stats summary and play tables
Tuesday, Wednesday: No reports
Thursday: Market summary, best plays
Saturday: Full report

MARKET ALERTS
Targets hit alerts issued Monday: None issued
Buy alerts issued: None issued
Trailing stops issued: CHS
Stop alerts issued: BMRN; TMCS

You can sign up for Stock Split Report alerts at the following link:
http://www.investmenthouse.com/alertssr.htm

THE MARKET

Nasdaq

Techs were in the greatest demand Monday, but it was not overwhelming. The buying interest pushed techs over the 50 day MVA, but they still could not break over the short term MVA, the roadblock for Nasdaq since it rolled down from 1500 in early December. Not a strong session, but a session where techs were able to hold at support (1357) and recover.

Stats: +18.64 points (+1.37%) to close at 1381.69
Volume: 1.196B (-40.08%)

Up Volume: 864M (-356M)
Down Volume: 311M (-369M)

A/D and Hi/Lo: Advancers led 1.24 to 1
Previous Session: Advancers led 1.32 to 1

New Highs: 65 (+11)
New Lows: 60 (-7)

The Chart: http://www.investmenthouse.com/cd/$compq.html

S&P 500/NYSE

Managed a meek gain, but ran out of gas at the 18 day MVA on the high (902.43) and closed below the 50 day MVA. As with the Nasdaq, the short term MVA are pushing the SP500 around like a 90 pound weakling right now. We cannot expect a lot of volume this week, but you would like to see it rise if there was low volume.

Stats: +1.62 points (+0.18%) to close at 897.38
NYSE Volume: 1.081B (-37.99%)

Up Volume: 531M (-796M)
Down Volume: 546M (+118M)

A/D and Hi/Lo: Advancers led 1.13 to 1
Previous Session: Advancers led 2.02 to 1

New Highs: 68 (+6)
New Lows: 47 (+4)

The Chart: http://www.investmenthouse.com/cd/$spx.html

DJ30:

Could not hold the gain after it too tapped the 18 day MVA on the high (8554.04) and fell back to close below the 50 day MVA. It was not a bad session, just not encouraging when the indexes cannot put together a rise when there is no volume in the market.

Stats: -18.03 points (-0.21%) to close at 8493.29
Volume: 1.081B (-37.99%)

The Chart: http://www.investmenthouse.com/cd/$indu.html

Support and Resistance

Nasdaq: Closed at 1381.69
Resistance: The 10 day MVA (1382) and the 18 day MVA (1391). The August high at 1427 is the focal point. The 200 day MVA (1462). Price resistance at 1500. 1574, the May low, is next.
Support: The 50 day MVA (1373). 1357.09, the October 1998 bear market low is still holding. July, August, and September interim highs at 1345. Some price support at 1300.

S&P 500: Closed at 897.38
Resistance: The simple and exponential 50 day MVA (900), and the top of the late October consolidation range at 899. The July, August and September interim highs at 909 to 911. 921 is some price resistance. The early November high at 925.66 and key resistance. Price resistance at 950. 965, the September 2001 closing low along with the August 2002 high.
Support: The bottom of the October consolidation range at 875 is some price support. The September 2000/May 2001 downtrend line at 854. 850 to 855 (the October 1997 and Q2 1998 lows). The March down trendline at 832.

Dow: Closed at 8493.29
Resistance: The October high at 8500 is some resistance that has not been totally cleared. The exponential 50 day MVA (8512); simple at 8525. The top of the recent range at 8630. The late July and early September interim high at 8726 to 8762.14 (8745 closing). The early November high at 8800 is key. A range of resistance from 9000 on up to 9050.
Support: 8250, the bottom of the October consolidation range. Then 8000.

Economic Calendar

12-23-02
Personal Income, November (8:30): 0.3% actual, 0.2% expected, 0.3% October (revised from 0.1%).
Personal Spending, November (8:30): 0.5% actual, 0.4% expected, 0.4% prior.

12-24-02
Durable goods orders, November (8:30): 0.9% expected, 2.4% prior.

12-26-02
Initial Jobless claims (8:30): 400K expected, 433K prior.

12-27-02
Michigan sentiment revision, December (9:45): 86.5 expected, 87.0 prior.
New home sales, November (10:00): 1M expected, 1.007M prior.

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WATCHLIST/ CONTINUING

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

$SOX 12/07 Test 50 306.02 +8.05 335.15 385 0 0 313.94
Current. Led the market Monday but still below the 50 day MVA.

ACS 12/21 DB hdl 50.89 -0.97 52.05 60 942K 2.4M 48.41
Buy not hit.

AIG 12/18 Put 59.41 +0.34 58.55 54 4.6M 7M 60.45
Current. Tried to rally but failed and turned back down when it hit the 18 day MVA.

ALN 12/07 Test BO 10.18 +0.18 9.86 11.85 162K 412K 9.17

ALN 11/09 Test BO 10.18 +0.18 7.28 9.75 162K 200K 8.94
Current. Looking very good.

AME 12/05 DB hdl 37.94 +0.37 38.71 46.45 115K 225K 36
Buy Not Hit.

AMLN 12/12 A Wedge 17.55 +0.48 18.75 22.75 766K 750K 17.25
Buy Not Hit.

AMZN 11/30 Test BO 22.24 +0.31 22.85 29.65 4.4M 10M 21.25
Buy Not Hit.

AMZN 10/21 Cup hdl 22.24 +0.31 20.32 24.38 4.4M 10M 21.75
Current.

ANT 12/11 Put 23.25 +0.95 22.45 20 139K 200K 23.55
Current.

ATRS 11/23 A Wedge 14 +0.46 14.05 18 198K 200K 13.07
Buy Not Hit. Up off the 18 day MVA on strong, above average volume. Very close to the breakout.

BCGI 12/19 Test 50 13.41 -0.34 13.75 16.55 154K 250K 12.65
Buy Not Issued.

BCGI 10/07 Cup hdl 13.41 -0.34 11.25 14 154K 250K 10.95

BMRN 11/21 BO 6.95 -0.35 7.95 11 353K 750K 7.29
Exited.

BRCM 08/17 CCall 16.19 +0.35 19.2 19.8 4.9M 9M 17.25
Current.

BSTE 12/11 A Wedge 36.07 +1.09 34 41.25 364K 900K 31.62
Current.

BSX 10/19 Test BO 44.21 +0.03 37.75 45.75 1.7M 3.3M 41.94
Current.

BWS 12/17 Cup hdl 25.52 -0.48 26.35 31.65 135K 165K 23.94
Current.

BYS 11/18 Test BO 26.14 0 25.45 30.45 15K 194K 25.05
Current.

CHS 10/15 Dbl btm 19.68 -1.32 19.35 23.25 1.7M 1.9M 20.85
Exited.

COLM 11/13 DB hdl 45.92 -0.68 41.96 48.45 369K 389K 44.25
Current.

CPWM 11/02 Cup hdl 28.82 -0.83 30.36 36 199K 471K 29.45
Current.

CVD 12/21 Cup hdl 24.25 +0.23 24.75 29.74 307K 581K 22.88
New.

CVD 11/05 Test BO 24.25 +0.23 23.65 28 307K 581K 22.25
Current.

DAKT 12/19 Cup hdl 14.05 -0.05 14.54 17.45 201K 150K 13.52
Buy Not Hit. Still moving up the 10 day MVA.

ESPD 12/19 Test BO 17.75 0 17.81 21.45 410K 675K 16.11
Buy Not Hit.

ESRX 12/18 Put 48.14 +1.28 47.65 44 1M 1.5M 49.05
Buy Not Hit. Testing the 10 day MVA on lower volume. Looking for it to roll back down for the good entry point.

EXEL 12/22 Test BO 7.75 0 8.45 10.25 179K 520K 7.86
Buy not issued.

EXPD 11/09 Cup hdl 34.18 +0.77 32.08 38 1.8M 750K 32.45
Current.

EXPE 11/30 A Wedge 70 +1.57 78.25 88 1.5M 3.2M 72.77
Current. UP off the 50 day MVA as it works through the bigger handle.

FAST 12/14 Cup hdl 39.11 +1.07 38.55 43 1.3M 995K 36.45
Current. Nice recovery. Looking very good.

FNF 11/26 Test BO 33.2 +0.37 33.25 38.25 558K 875K 30.92
Buy Not Hit.

FRX 10/29 Test BO 99.56 +0.86 99.55 115 1.3M 3.1M 103

GENZ 11/30 Test BO 32.41 +0.62 35.15 41.94 1.7M 5.2M 31.21
Current.

GG 09/19 Cup hdl 12.9 +0.67 11.98 14.45 2.2M 2.4M 10.95
Current.

GTK 10/31 Cup hdl 29.15 +0.5 26.15 30 619K 900K 26.45
Current.

GYMB 09/18 Cup hdl 17.8 -0.77 19.64 22.45 1.3M 586K 18.27
Current.

HSIC 12/09 Put 45.83 +1.11 44.15 40 662K 667K 46.05

IDXC 12/02 Cup hdl 17.69 +0.14 17.65 21.25 127K 163K 16.85
Current. Still forming up very well.

IGEN 12/19 Test BO 44.42 +2.46 43.05 49.55 524K 450K 40.04
Blasted higher on volume!

IGEN 11/16 DB hdl 44.42 +2.46 38.81 45 524K 300K 40.15
Current.

INFY 12/21 Test BO 71.46 -2.64 76.05 92 106K 165K 71.35
New buy point.

INFY 11/30 Test BO 71.46 -2.64 84.05 92 106K 165K 78.17

LBIX 10/14 Cup hdl 2.97 -0.09 3.22 4.35 17K 145K 3.32
Current.

LSTR 12/19 A Wedge 58.09 -0.44 56.42 62.42 258K 220K 53.95
Current.

LXK 10/29 Cup hdl 62.57 +0.66 61 72 729K 2.2M 62.48
Current.

MATK 12/04 Test BO 23.32 +1.38 23.39 27.94 635K 300K 21.85
Current. Keeps on running on solid volume.

MRK 12/21 Test 50 56.65 +0.29 58.05 67 6.4M 9.5M 55.94
Buy Not Hit. Still looks very good at the 50 day MVA.

MRK 12/07 Test BO 56.65 +0.29 59.15 67 6.4M 9.5M 55.94
Current.

MSFT 12/04 Test 18 54 +0.96 56.61 62.75 24M 67M 54.45

NBIX 10/08 Rv H&S 46.86 +2.61 44.85 51.75 1M 1.1M 44.05
Current. Good news on a drug sends it higher.

NTAI 12/10 Test BO 24.49 +0.13 24.85 28.75 33K 175K 24.25
Current. Holding the 18 day MVA on a very low volume pullback.

NTII 12/22 Test BO 6.13 -0.35 6.74 8.25 102K 90K 6.18
Buy Not Hit.

NXTL 11/19 Test BO 13.19 +0.24 13.05 16.15 9.6M 35M 11.35
Current. Still holding up well above the short term MVA.

NXTL 11/12 Test 50 13.19 +0.24 12.15 16.15 9.6M 4.5M 11.35
Current.

PENN 12/14 Put 16.65 +0.46 16.55 14 310K 300K 17.65
Current. Low volume move up to the short term MVA.

PIXR 11/20 BO 57.62 +0.12 57.85 66 1.3M 775K 57.65
Current. Stemmed the tide a bit, holding again at 56.75 on the low.

PNRA 11/07 Cup hdl 35.94 +0.73 34.38 39.75 405K 1.2M 34.12
Current.

PPD 11/14 Test BO 27.1 +0.3 25.51 30.55 271K 450K 26.25
Current.

PSUN 12/05 BO 27 -0.46 28.05 33 1M 1.5M 25.95
Current.

QCOM 12/21 Test 50 38.99 +1.31 39.15 48 9.7M 18M 36.41
Buy Not Hit. Good performance.

QCOM 12/04 Test 18 38.99 +1.31 40.85 50 9.7M 18M 37.99
Current.

QCOM 11/07 Test BO 38.99 +1.31 34.78 42 9.7M 18M 38.14
Current.

QLGC 11/07 Test BO 38.51 +1.21 41.4 50 6M 25M 39.88

QSII 12/17 Test BO 22.47 +0.18 23.55 28 42K 55K 22.35
Buy Not Hit.

RHD 11/30 Cup hdl 28.25 +0.55 30.17 25.94 92K 267K 28.06
Buy Not Hit.

ROST 12/12 Test 50 41.45 -1 45.85 52.75 2.7M 1.6M 42.64
Buy Not Hit.

SCIO 12/03 Cup hdl 33.77 +0.31 33.05 39.65 502K 1.6M 30.74
Buy Not Issued.

SFNT 12/16 Test 50 26.45 +0.5 26.7 32.45 155 188K 24.25
Current. Actually moved up on some rising volume.

SINA 12/04 Test BO 6.85 +0.5 5.58 7.21 2.2M 950K 4.97
Current.

SYK 12/21 Rv H&S 6.08 -0.32 67.53 77.62 848K 1.2M 62.84
Buy Not Hit. Still looking super.

TEVA 11/09 Test BO 37.47 +0.22 36.85 42.51 2M 1.8M 37.35
Current. Trying to hold the 50 day MVA.

TJX 12/21 DB hdl 19.48 -1.1 21.56 25.88 3M 425K 19.94
Buy Not Hit. Tried to run but then turned over and broke the 50 day MVA on the retail news.

TMCS 11/26 Test BO 22.49 +0.21 26.45 31.75 306K 1.2M 24.61
Exited.

TSCO 12/07 Test 18 36.65 -2.47 45.44 51.44 378K 475K 42.26
Buy Not Hit.

TSCO 10/16 Test BO 36.65 -2.47 39.05 46.85 378K 235K 42.05
Current.

UNTD 11/30 Test BO 16.95 +0.55 16.25 19.65 577K 1M 15.11
Current. Nice performance.

UOPX 12/07 Test BO 35.49 -0.77 36.74 42 326K 278K 34.17
Current.

URBN 12/22 Put 22.49 -1.09 23.36 20.22 822K 500K 24.65

VAR 12/18 Rv H&S 49.64 -0.74 50.25 58 524K 700K 48.05
Current.

VRNT 11/23 Cup hdl 16.56 -1.29 15.85 19.15 181K 113K 16.45
Current. Looked good but then broke the 18 day MVA on rising volume.

VSAT 12/17 Test 18 12.22 +0.04 12.26 15.45 138K 320K 11.35
Buy Not Issued.

WERN 11/30 Cup hdl 21.99 -0.22 22.75 27.35 288K 550K 21.16
Buy Not Hit.

WFMI 12/14 Test BO 53.72 +0.53 53.65 64 1.3M 975K 51.35
Current.

WFMI 10/28 Cup hdl 53.72 +0.53 50.11 57.51 1.3M 975K 51.35
Current.

WFR 11/14 Cup hdl 8.07 +0.1 8.45 11 78K 325K 8.12
Current.

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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