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us stock market, stock split
Begin Part 2 of 2
THE PLAYS:
Good movers: Many. ACS; BRCM; BSTE; SINA; SOHU; SYMC; UOPX; VAR, etc.
In each report we prepare full write-ups for those that look ready to move. If the move has been made already we discuss the play in the summary table. The purpose is to focus on the next good movers.
NEW 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. In addition, there are emerging trends in the recent move off of the double bottom, and we want to capture those stocks emerging from the obscurity as well.
Upside:
OVRL (Overland Storage--$15.83; +0.84; optionable): Data storage devices
http://biz.yahoo.com/p/o/ovrl.html
STATUS: Cup w/handle breakout. QLGC and others in the sector enjoyed a good session and OVRL was not to be left out, surging out of its 6-month base on a strong volume jump. After hours EMC said it was going to beat the street, and that should continue the sector's momentum. Accumulation in the base is solid at 6 accumulation weeks to 4 distribution weeks. OVRL has a new high at 17.38; we like stocks that are breaking to a new high.
Volume: 534.934K Avg Volume: 70.272K
BUY POINT: $16.81 Volume=105K Target=$20.25 Stop=$15.63
POSITION: QOJ EC - May $15c (68 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/ovrl.html
CONTINUING LEADER PLAYS
Upside:
Play Date: 12/19/2002
IGEN (Igen International--$42.59; +0.39; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/i/igen.html
STATUS: Testing the 18 day MVA. Testing the 18 day MVA, IGEN started the move but did not hold it. Still looks ready to move.
Volume: 265.796K Avg Volume: 245.409K
BUY POINT: $43.05 Volume=450K Target=$49.55 Stop=$42.05
POSITION: GQ FH - June $40c (66 delta) or GQ CH - Mar. $40c (64 delta) and/or Stock
http://www.investmenthouse.com/cs/igen.html
Play Date: 12/04/2002
MATK (Martek Biosciences--$24.92; +0.72; optionable): Biotechnology
http://biz.yahoo.com/p/m/matk.html
STATUS: Testing the 18 day MVA. MATK is working through a 9-month cup base, marching up the short term MVA after testing the 50 day MVA (21.50) in December. MATK has pulled back to the 18 day MVA (23.87) on falling volume. It has tested that level for the past four sessions and looks ready to continue the move higher from here. Money flow is surging up ahead of price.
Volume: 222.59K Avg Volume: 240.5K
BUY POINT: $23.39 Volume=300K Target=$27.94 Stop=$23.88
POSITION: KQT FD - June $20c and/or Stock
http://www.investmenthouse.com/cs/matk.html
Play Date: 11/30/2002
RHD (RH Donnelley--$28.88; -0.08; optionable): Research services
http://biz.yahoo.com/p/r/rhd.html
STATUS: Cup w/handle. Still a nice test of the 10 day MVA, showing a hammer doji as volume moved up above average. Looks ready.
Volume: 153.9K Avg Volume: 129.954K
BUY POINT: $30.17 Volume=267K Target=$25.94 Stop=$28.06
POSITION: RHD EE - May $25c (80 delta) and/or Stock
http://www.investmenthouse.com/cs/rhd.html
PRE-ANNOUNCEMENT PLAYS
Play Date: 11/13/2002
COLM (Columbia Sportswear--$45.98; +0.74; optionable): Sportswear. Forecast to announce a split 1-30-03 after the market closes in conjunction with earnings or on 2-6-03 in conjunction with a board meeting. The company has not confirmed the date for the board meeting, but based upon our research this is the date for the meeting.
BACKGROUND: Last announced a 3 for 2 split on 5-2-01 in conjunction with a board meeting. The stock price was $70. The annual shareholder meeting was on 5-16-02 at which time no additional shares were authorized. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/c/colm.html
STATUS: Test 50 day MVA. Held the 10 day MVA again on the low (45.07) and held its ground. Volume was lower but looking for the next volume surge.
Volume: 298.201K Avg Volume: 349.59K
BUY POINT: New: $46.55 (orig. $41.96) Volume=389K Target=$48.45 Stop=$44.25
POSITION: TQQ DH - April $40c (60 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/colm.html
POST-SPLIT
Play Date: 01/02/2003
COH (Coach--$33.79; +0.53; optionable): High-end handbags, etc.
http://biz.yahoo.com/p/c/coh.html
STATUS: Testing the 50 day MVA. A carbon of COLM, COH held the 18 day MVA on the low and started up, COH rising on above average volume. Looks ready for a stronger move up. COH continues to show solid accumulation at 7 accumulation weeks to just 3 distribution weeks since May.
Volume: 995.7K Avg Volume: 840.863K
BUY POINT: $34.11 Volume=1.3M Target=$40.94 Stop=$31.72
POSITION: COH EF - May $30c (73 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/coh.html
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$SOX 12/07 Test 50 331.69 +17.55 335.15 385 0 0 313.94
Current. Exploded over the 50 day MVA. Will need to hurry but may make us some money yet.
ACS 12/21 DB hdl 56.17 +1.36 52.05 60 2M 2.4M 51
Current.
AGU 12/30 A Wedge 11.65 +0.01 11.55 13.85 405K 357K 11.05
Current.
AIG 12/18 Put 62.14 +2.02 58.55 54 5.2M 7M 59.15
Current.
ALN 12/07 Test BO 10.24 +0.09 9.86 11.85 270K 412K 9.17
ALN 11/09 Test BO 10.24 +0.09 7.28 9.75 270K 200K 9.25
Current.
AME 12/05 DB hdl 39.05 +0.65 38.71 46.45 177K 225K 36
Current.
AMZN 10/21 Cup hdl 20.7 +0.18 20.32 24.38 7.7M 10M 21.75
Current.
ANT 12/11 Put 25.2 -0.2 22.45 20 205K 200K 23.55
Current.
APOL 12/28 Cup hdl 45.9 +0.13 45.61 54.75 2.6M 3.5M 43.35
Current.
ASKJ 12/26 Cup hdl 3.04 +0.07 2.89 3.88 962K 305K 2.44
Current.
ATRS 12/30 BO 14.8 +1.11 14.81 18 131K 200K 13.77
Current.
ATRS 11/23 A Wedge 14.8 +1.11 14.05 18 131K 200K 13.07
Current.
AVCT 12/28 Test 50 24.78 +0.98 23.08 27 726K 750K 22.05
Current.
BRCM 01/02 Test 50 17.66 +1.16 16.85 20.45 9.2M 12M 15.67
Current.
BRCM 08/17 CCall 17.66 +1.16 19.2 19.8 9.2M 9M 17.25
Current.
BSTE 12/11 A Wedge 37.43 +1.61 34 41.25 540K 900K 33.94
Current.
BSX 10/19 Test BO 44.67 +0.87 37.75 45.75 2.8M 3.3M 41.94
Current.
COH 01/02 A Wedge 33.79 +0.53 34.11 40.94 996K 1.3M 31.72
Buy Not Hit.
COLM 11/13 DB hdl 45.98 +0.74 41.96 48.45 298K 389K 44.25
Current.
CVD 12/21 Cup hdl 24.85 -0.03 24.75 29.74 946K 581K 23.65
Current.
CVD 11/05 Test BO 24.85 -0.03 23.65 28 946K 581K 23.35
Current.
ESPD 12/19 Test BO 18.47 +0.39 17.81 21.45 382K 675K 16.11
Buy Not Issued.
ESRX 12/18 Put 52.82 +1.31 48.02 44 2M 1.5M 49.05
Exited.
EXPD 11/09 Cup hdl 33.71 +0.36 32.08 38 496K 750K 32.45
Current.
EXPE 11/30 A Wedge 63.97 -6.93 78.25 88 9.1M 3.2M 72.77
Current.
FAST 12/14 Cup hdl 37.67 -0.57 38.55 43 1.6M 995K 37.05
Current.
FIC 12/26 DB hdl 43.25 +0.2 44.51 48 387K 575K 40.55
Buy Not Hit.
FRX 10/29 Test BO 105.59 -0.48 99.55 115 1.3M 3.1M 103
GG 09/19 Cup hdl 12.93 -0.14 11.98 14.45 2.8M 2.4M 11.97
Current.
GG 01/04 Test BO 12.93 -0.14 13.55 16.25 2.8M 2.4M 12.6
New.
HSIC 12/09 Put 44.9 +0.1 44.15 40 503K 667K 46.05
Buy Not Issued.
HTLD 12/28 Cup hdl 21.82 -0.68 23.28 27.94 329K 240K 22.05
Buy Not Hit.
IDXC 12/02 Cup hdl 17.96 +0.56 17.65 21.25 114K 163K 16.85
Current.
IGEN 12/19 Test BO 42.59 +0.39 43.05 49.55 266K 450K 42.05
Current.
IGEN 11/16 DB hdl 42.59 +0.39 38.81 45 266K 300K 41.75
Current.
INFY 12/21 Test BO 71.53 +2.28 76.05 92 76K 165K 71.35
Buy Not Hit.
LSTR 12/19 A Wedge 58.36 +0.64 56.42 62.42 125K 220K 56
Current.
MATK 12/04 Test BO 24.92 +0.72 23.39 27.94 223K 300K 23.88
Current.
MLHR 12/28 Put 19.03 +0.17 17.94 15.85 562K 425K 19.05
Current.
MRK 12/21 Test 50 59.88 +0.89 58.05 67 4.6M 9.5M 55.94
Current.
MRK 12/07 Test BO 59.88 +0.89 59.15 67 4.6M 9.5M 55.94
Current.
NBIX 10/08 Rv H&S 45.17 +0.11 44.85 55 291K 1.1M 45.45
Current.
NTII 12/22 Test BO 5.9 -0.05 6.74 8.25 56K 90K 6.18
Buy Not Hit.
OVRL 01/06 Cup hdl 15.83 +0.84 16.81 20.25 535K 105K 15.63
New.
PENN 12/14 Put 16.06 -0.37 16.55 14 757K 300K 17.65
Current.
PFCB 01/02 A Wedge 38.9 +0.6 38.48 44.25 476K 870K 35.79
Buy Not Hit.
PNRA 11/07 Cup hdl 36.28 +0.6 34.38 39.75 308K 1.2M 34.12
Current.
PPD 11/14 Test BO 19.57 -6.61 25.51 30.55 3.4M 450K 26.25
Current.
PSUN 12/05 BO 19.35 +0.72 18.7 22.01 1.1M 1.5M 17.39
Current.
QCOM 12/21 Test 50 37.37 +1.67 39.15 48 15M 18M 36.41
Buy Not Hit.
QCOM 12/04 Test 18 37.37 +1.67 40.85 50 15M 18M 37.99
Current.
QCOM 11/07 Test BO 37.37 +1.67 34.78 42 15M 18M 38.14
Current.
QLGC 11/07 Test BO 40.12 +2.35 41.4 50 14M 25M 39.88
RBK 01/02 DB hdl 31.19 +0.69 30.25 38.85 643K 680K 28.45
Current.
RHD 11/30 Cup hdl 28.88 -0.08 30.17 25.94 154K 267K 28.06
Buy Not Hit.
ROST 12/12 Test 50 42.98 +0.13 45.85 52.75 1M 1.6M 42.64
Buy Not Hit.
SCIO 12/03 Cup hdl 35.19 +1.76 33.05 39.65 1.6M 1.6M 30.74
Buy Not Issued.
SINA 12/31 Test BO 8.33 +0.92 6.25 8.25 2.8M 950K 6.48
Current.
SINA 12/04 Test BO 8.33 +0.92 5.58 8.25 2.8M 950K 6.48
Current.
SOHU 01/03 BO 7.68 +0.6 7.15 9 2M 800K 6.65
Current.
STN 01/04 Rv H&S 18.48 +0.48 19.05 22.86 274K 600K 17.72
New.
SWKS 01/03 Test 50 8.91 -0.41 9.55 12 7.9M 5M 8.68
New.
SYK 12/21 Rv H&S 68.15 -0.53 67.53 77.62 810K 1.2M 62.84
Current.
SYMC 01/02 Test 50 44.91 +1.06 43.05 51 3.6M 4.1M 40.45
Current.
TECH 01/03 Put 27.19 -0.97 27.88 24 1.1M 400K 29.21
New.
TSCO 10/16 Test BO 40.81 +0.96 39.05 46.85 317K 235K 37.94
Current.
UNTD 11/30 Test BO 16.9 +0.36 16.25 19.65 486K 1M 15.55
Current.
UOPX 12/07 Test BO 39.3 +1.22 36.74 42 423K 278K 35.74
Current.
URBN 12/22 Put 22.94 -0.42 23.36 20.22 504K 500K 24.65
Current.
VAR 12/18 Rv H&S 51.54 +1.11 50.25 58 650K 700K 48.05
Current.
VRNT 11/23 Cup hdl 22.78 +0.75 15.85 21.55 438K 113K 19.94
Current.
VSAT 12/17 Test 18 12.27 +0.3 12.26 15.45 136K 320K 11.35
Buy Not Issued.
WCN 12/31 BO 38 -0.7 39.1 46.45 447K 425K 36.94
Current.
WERN 11/30 Cup hdl 21.57 +0.07 22.75 27.35 404K 550K 21.16
Buy Not Hit.
WFMI 12/14 Test BO 52.58 -1.3 53.65 64 1.5M 975K 52.05
Current.
WFMI 10/28 Cup hdl 52.58 -1.3 50.11 57.51 1.5M 975K 52.05
Current.
WGO 12/28 Put 41.1 +0.36 39.49 36 215K 270K 41
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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us stock market
stock split
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