stock split, stock recommendation

Begin Part 3 of 3

POST-SPLIT

Play Date: 10/31/2002
GTK (Gtech Holdings--$29.13; +0.11; optionable): Lottery software
http://biz.yahoo.com/p/g/gtk.html
STATUS: Cup w/handle. GTK is moving laterally the past the past week after surging higher up the right side of its base. This is a continuing play we entered on that earlier surge, but as with most leaders, GTK is consolidating again, holding onto its gains as it does so. A very nice handle formation where money flow continues to run up even as the stock moves laterally during this consolidation. In addition, relative strength has broken out ahead of the stock as it works through the handle. Looks ready for more.
Volume: 260.9K Avg Volume: 620K
BUY POINT: New: $29.45 (orig. $26.15) Volume=900K Target=$30 Stop=$28.04
POSITION: GTK CX - Mar. $22.50c (79 delta) and/or Stock
http://www.investmenthouse.com/cs/gtk.html

Play Date: 12/19/2002
LSTR (Landstar System--$57.31; -0.39; optionable): Trucking
http://biz.yahoo.com/p/l/lstr.html
STATUS: Testing the breakout. Another trucking stock that is enjoying success, LSTR is in a low volume test of its strong breakout move. It is holding over the former high at 56 as LSTR makes its pullback. Looking for a move up off of 56.50ish as the next buy point.
Volume: 79.879K Avg Volume: 160K
BUY POINT: After a test of 56 level, $56.42 Volume=220K Target=$62.42 Stop=$56
POSITION: QRY DK - April $55c (68 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/lstr.html

Play Date: 11/30/2002
WERN (Werner Enterprises--$21.67; 0; optionable): Trucking
http://biz.yahoo.com/p/w/wern.html
STATUS: Ascending wedge. What do you know, another trucker. They are showing some of the best patterns, holding up well in the recent selling, indicative of underlying strength that is also a sign of continued economic recovery. WERN is still in its 11-month base with this wedge pattern as the latest stage where it builds some pressure for a breakout from the bottom side. It is building pressure from below for a breakout, has shown some good volume spikes, accumulation has jumped up, and relative strength has already broken out. Looks ripe for a move higher.
Volume: 188.302K Avg Volume: 371.318K
BUY POINT: $22.75 Volume=550K Target=$27.35 Stop=$21.16
POSITION: QEH ED - May $20c (74 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/wern.html

WATCHLIST/ CONTINUING

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

$SOX 12/07 Test 50 296.49 -3.80 335.15 385 0 0 313.94
Current. Holding near support at 300, good point for oversold bounce.

ACS 12/21 DB hdl 51.73 -1.27 52.05 60 743K 2.4M 49.45
Current. Modest, low volume pullback Friday as ACS still holds its move.

AIG 12/18 Put 56.68 -1.62 58.55 54 4.5M 7M 59.15
Current. Selling strengthens on rising volume, breaking the key level at 58.

ALN 12/07 Test BO 9.69 -0.31 9.86 11.85 108K 412K 9.17

ALN 11/09 Test BO 9.69 -0.31 7.28 9.75 108K 200K 9.25
Current. Has tested back to the 18 day MVA in the market selling. Very low volume, but needs to hold here as this is the second 18 day MVA test in 3 weeks.

AME 12/05 DB hdl 36.94 -0.52 38.71 46.45 56K 225K 36
Buy Not Hit. May be undergoing a shakeout as it slipped below the 18 day MVA on low volume. Still in the handle.

AMZN 10/21 Cup hdl 18.86 -1.44 20.32 24.38 22M 10M 21.75
Crashed through the 50 day MVA on volume as speculation rises about 2003.

ANT 12/11 Put 24.55 -0.12 22.45 20 92K 200K 23.55
Current. Doji after the strong move. Looking for a test back toward 23.

APOL 12/28 Cup hdl 44.25 -0.43 45.61 54.75 818K 3.5M 42.42
New.

ASKJ 12/26 Cup hdl 2.46 -0.12 2.89 3.88 57K 305K 2.44
Buy not hit.

ATRS 11/23 A Wedge 14.12 +0.13 14.05 18 61K 200K 13.07
Buy Not Hit. Still looks super.

AVCT 12/28 Test 50 22.09 -0.4 23.08 27 159K 750K 21.46
New.

BCGI 12/19 Test 50 13.25 -0.12 13.75 16.55 86K 250K 12.65
Buy Not Issued.

BRCM 08/17 CCall 15.92 -0.09 19.2 19.8 4.1M 9M 17.25
Current.

BSTE 12/11 A Wedge 34.48 -0.52 34 41.25 292K 900K 33.22
Current.

BSX 10/19 Test BO 42.08 -1.26 37.75 45.75 1.3M 3.3M 41.94
Current.

BWS 12/17 Cup hdl 25.25 -0.23 26.35 31.65 36K 165K 24.33
Current. Still showing that very nice, low volume test of the breakout, holding over the 10 day MVA.

BYS 11/18 Test BO 26.08 -0.14 25.45 30.45 18K 194K 25.65
Current. Holding the 18 day MVA, but needs to recapture momentum quickly.

COLM 11/13 DB hdl 43.46 -0.66 41.96 48.45 533K 389K 44.25
Current. Tapped the 50 day MVA on the low and started to rebound on some very strong volume. Still holding up, and after the long move up the short term MVA, the 50 day MVA test is normal. Looking at picking up new positions on a move over 45.

CPWM 11/02 Cup hdl 29.34 -0.31 30.36 36 348K 471K 29.45
Exited.

CVD 12/21 Cup hdl 24.63 +0.13 24.75 29.74 436K 581K 22.88
Buy not hit.

CVD 11/05 Test BO 24.63 +0.13 23.65 28 436K 581K 23.35
Current.

ESPD 12/19 Test BO 16.9 -0.16 17.81 21.45 225K 675K 16.11
Buy Not Issued. Ready for the next move up.

ESRX 12/18 Put 47.92 -0.8 48.02 44 967K 1.5M 49.05
Current. Tapped short term MVA and started back down.

EXPD 11/09 Cup hdl 32.81 -0.47 32.08 38 389K 750K 32.45
Current. Broke below the 18 day MVA on low volume, but needs to recovery quickly.

EXPE 11/30 A Wedge 64.93 -2.04 78.25 88 1.8M 3.2M 72.77
Current. Broke the 50 day MVA as the handle gets a bit wild. Needs to hold 65.

FAST 12/14 Cup hdl 37.57 -0.76 38.55 43 365K 995K 36.45
Current. Still in the handle, holding at the 18 day. Needs to use this as the springboard.

FIC 12/26 DB hdl 41.78 -0.52 44.51 48 201K 575K 40.55
Buy not hit. Still in the pattern.

FNF 11/26 Test BO 32.84 -0.54 33.25 38.25 214K 875K 30.92
Buy Not Hit.

FRX 10/29 Test BO 97.8 -0.85 99.55 115 798K 3.1M 103

GENZ 11/30 Test BO 30 -1.75 35.15 41.94 2.5M 5.2M 31.21
Exited.

GG 09/19 Cup hdl 13.09 -0.32 11.98 14.45 2.9M 2.4M 11.97
Current.

GTK 10/31 Cup hdl 29.13 +0.11 26.15 30 261K 900K 28.04
Current.

HSIC 12/09 Put 44.81 -0.84 44.15 40 246K 667K 46.05
Buy Not Issued. Looks ready to break down after a low volume test of the 50 day MVA last week, but want to see more volume on the selling.

HTLD 12/28 Cup hdl 22.65 +0.22 23.28 27.94 82K 240K 22.05
New.

IDXC 12/02 Cup hdl 17.6 -0.3 17.65 21.25 72K 163K 16.85
Current. Moving in a tight, lateral pattern over the 10 day MVA.

IGEN 12/19 Test BO 43.55 -0.09 43.05 49.55 159K 450K 42.05
Current. Looks ready for more after this low volume test of the 10 day MVA.

IGEN 11/16 DB hdl 43.55 -0.09 38.81 45 159K 300K 41.75
Current.

INFY 12/21 Test BO 71.35 -2.05 76.05 92 40K 165K 71.35
Buy not hit.

LBIX 10/14 Cup hdl 2.75 -0.43 3.22 4.35 191K 145K 3.32
Current. Suddenly dumped Friday, testing the 200 day MVA on the low and rebounding. Will see if it can recovery this wee back over the 50 day MVA.

LSTR 12/19 A Wedge 57.31 -0.39 56.42 62.42 80K 220K 56
Current.

LXK 10/29 Cup hdl 60.65 -1.35 61 72 750K 2.2M 62.48
Exited.

MATK 12/04 Test BO 25.55 -0.57 23.39 27.94 93K 300K 24
Current. Very low volume test of the massive breakout. In good shape.

MLHR 12/28 Put 18.15 -0.26 17.94 15.85 166K 425K 19.05
New.

MRK 12/21 Test 50 56 -0.94 58.05 67 3.1M 9.5M 55.94
Buy Not Hit.

MRK 12/07 Test BO 56 -0.94 59.15 67 3.1M 9.5M 55.94
Current. Turned and dropped to the 50 day MVA in a tougher day for drugs.

MSFT 12/04 Test 18 52.97 -0.42 56.61 62.75 21M 67M 54.45
Current. Continues to work laterally in the recent range. That is about the best you can say for it.

NBIX 10/08 Rv H&S 47.25 -1.88 44.85 51.75 481K 1.1M 45.45
Current. Turned and gave back the solid Thursday move, but it did so on very low volume. Just no buyers Friday; still in good shape.

NTAI 12/10 Test BO 24.82 -0.29 24.85 28.75 31K 175K 24.25
Current. Holding the 18 day MVA after attempting a strong move early.

NTII 12/22 Test BO 5.92 -0.35 6.74 8.25 20K 90K 6.18
Buy Not Hit. Slipped below the 18 day MVA. Losing momentum.

NXTL 11/19 Test BO 12.07 -0.53 13.05 16.15 12M 35M 11.78
Current. Struggled Friday, falling to the 50 day MVA on rising, though slightly higher volume. Needs to hold here.

NXTL 11/12 Test 50 12.07 -0.53 12.15 16.15 12M 4.5M 11.78
Current.

PENN 12/14 Put 15.13 -0.2 16.55 14 332K 300K 17.65
Current. Tested down to 14.61, but rebounded to close over 15. That is the next important level to break.

PIXR 11/20 BO 53.29 -2.93 57.85 66 915K 775K 57.65
Exited.

PNRA 11/07 Cup hdl 35.31 -0.91 34.38 39.75 426K 1.2M 34.12
Current. On the bubble as it slides below the 18 day MVA on some slightly rising volume. Not going to let it slide much lower.

PPD 11/14 Test BO 26.36 -0.57 25.51 30.55 223K 450K 26.25
Current. Big picture, PPD is in a handle to its 10-month base. Near term it is getting close to an important support level at 26 that it needs to hold.

PSUN 12/05 BO 26.64 +0.19 28.05 33 645K 1.5M 25.95
Current. Splits Tuesday, and it is holding at 26 but cannot et over 27. May give a final surge up to the split.

QCOM 12/21 Test 50 37.27 -0.8 39.15 48 6.5M 18M 36.41
Buy Not Hit.

QCOM 12/04 Test 18 37.27 -0.8 40.85 50 6.5M 18M 37.99
Current. Holding the 50 day MVA on low volume as it continues to hold over support at the late October high.

QCOM 11/07 Test BO 37.27 -0.8 34.78 42 6.5M 18M 38.14
Current.

QLGC 11/07 Test BO 36.87 -0.4 41.4 50 4.9M 25M 39.88

QSII 12/17 Test BO 22.28 -0.17 23.55 28 8.4K 55K 22.35
Buy Not Hit. Still testing the breakout, but unable to move over the short term MVA last week. Needs to regroup and blow over this point this week.

RHD 11/30 Cup hdl 28.61 -0.02 30.17 25.94 112K 267K 28.06
Buy Not Hit. Still working through the handle as money flow continues to rise.

ROST 12/12 Test 50 40.99 -0.48 45.85 52.75 495K 1.6M 42.64
Buy Not Hit. Tanked below the 50 day MVA last week and has been unable to mount a meaningful recovery.

SCIO 12/03 Cup hdl 33.02 -0.67 33.05 39.65 500K 1.6M 30.74
Buy Not Issued. Never garnered the volume it needed and is now back to the 18 day MVA. May be a shakeout before a stronger move.

SFNT 12/16 Test 50 24.6 -0.84 26.7 32.45 85K 188K 24.25
Current. Could not hold the 18 day MVA Friday, but managed to bounce off the low at support at 24.

SINA 12/04 Test BO 6.67 -0.58 5.58 7.21 1.6M 950K 6.48
Current.

SYK 12/21 Rv H&S 65.57 -0.98 67.53 77.62 382K 1.2M 62.84
Buy Not Hit. Still moving in the pattern, though testing back to the 18 day MVA on low volume Friday. Ready to make the breakout.

TEVA 11/09 Test BO 36.57 -0.24 36.85 42.51 1.3M 1.8M 37.35
Exited.

TSCO 10/16 Test BO 37.61 +0.65 39.05 46.85 292K 235K 42.05
Current. Continues its recover but volume backed off Friday. The real test will be at 40 when it gets back to the 50 day MVA.

UNTD 11/30 Test BO 16.19 -0.11 16.25 19.65 313K 1M 15.55
Current. Very nice test of the 18 day MVA from this leader.

UOPX 12/07 Test BO 35.44 -0.34 36.74 42 85K 278K 34.17
Current. Working along the 10 and 18 day MVA as it continues to form the wedge.

URBN 12/22 Put 22.67 -0.54 23.36 20.22 269K 500K 24.65
Current. The weak bounce attempt started to roll over Friday.

VAR 12/18 Rv H&S 49.13 -0.02 50.25 58 227K 700K 48.05
Current. Nice doji at the 10 day MVA after the test from the new high.

VOXX 12/26 Test 18 10.77 -0.08 11.35 13.75 58K 131K 10.56
Buy Not Hit.

VRNT 11/23 Cup hdl 21.11 -0.23 15.85 21.55 380K 113K 19.94
Current. Took the day off after the great move.

VSAT 12/17 Test 18 12.3 +0.02 12.26 15.45 185K 320K 11.35
Buy Not Issued.

WERN 11/30 Cup hdl 21.67 0 22.75 27.35 188K 550K 21.16
Buy Not Hit.

WFMI 12/14 Test BO 52.9 -0.43 53.65 64 519K 975K 52.05
Current.

WFMI 10/28 Cup hdl 52.9 -0.43 50.11 57.51 519K 975K 52.05
Current.

WFR 11/14 Cup hdl 7.99 -0.06 8.45 11 100K 325K 8.12
Current. Holding the 50 day MVA on continued below average volume.

WGO 12/28 Put 40 -0.72 39.49 36 153K 270K 41
New.

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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