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Begin Part 2 of 2

THE PLAYS:

Good movers: AVCT

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:

CYMI (Cymer--$36.56; -0.77; optionable): Chip equipment
http://biz.yahoo.com/p/c/cymi.html
STATUS: Cup w/handle. After the strong rally off the October low, CYMI has corrected into this 6-week base. A bit shorter than usual, but it has been on our watch list since it fell back. The past week it rallied up off the 50 day MVA near 32.50 on good volume and is now pulling back but being good and stingy with its gains. Accumulation since way back in March where it started this last decline is solid at 10 up weeks on rising volume to 7 down weeks on rising volume with a lot of the accumulation coming in the last few months of this pattern as it should. Money flow is solid, continuing its positive divergence, i.e., it is higher at the current price than it was when the stock price was higher back in May. Looking for another day of rest and then a move through the buy point.
Volume: 1.854M Avg Volume: 1.921M
BUY POINT: $37.75 Volume=2.9M Target=$45 Stop=$34.94
POSITION: CQG EG - May 35c (64 delta) and/or Stock
http://www.investmenthouse.com/cs/cymi.html

CONTINUING LEADER PLAYS

Upside:

Play Date: 12/19/2002
IGEN (Igen International--$43.28; +1.18; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/i/igen.html
STATUS: Testing the 18 day MVA. Starting up off of the 18 day MVA on some rising, above average volume. It is making the move.
Volume: 306.009K Avg Volume: 244.09K
BUY POINT: New: 43.92 (orig. $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: 12/21/2002
MRK (Merck & Co.--$58.98; -0.13; optionable): Drugs
http://biz.yahoo.com/p/m/mrk.html
STATUS: Cup w/handle. MRK has formed a short cup with handle over the past six weeks, testing the 50 day MVA at 56 on the low. It has spent the last two sessions pulling back to test the recent run off the 50 day MVA. The selling has been mild, showing a tight doji Wednesday on lower volume. Great money flow. Looks ready for the next leg.
Volume: 4.755M Avg Volume: 6.991M
BUY POINT: New: $60.04 (orig. $58.05) Volume=9.5M Target=$67 Stop=$55.94
POSITION: MRK DK - April $55c (69 delta) and/or Stock
http://www.investmenthouse.com/cs/mrk.html

Play Date: 11/30/2002
RHD (RH Donnelley--$29.5; +0.5; optionable): Research services
http://biz.yahoo.com/p/r/rhd.html
STATUS: Cup w/handle. Trying to make the move, blasting to 30.15 on the high on huge volume, then backing off. Ready for the move to continue.
Volume: 893.1K Avg Volume: 129.545K
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

Play Date: 01/02/2003
SYMC (Symantec--$43.36; -1.25; optionable): Internet security
http://biz.yahoo.com/p/s/symc.html
STATUS: Double bottom w/handle. The play originated as a 50 day MVA bounce, but has turned into the current pattern, a pattern that (as you can tell) is being formed by many of the market leaders over the past month during this consolidation. SYMC has used the 50 day MVA twice as support for the pattern, and it is now pulling back on lower volume to form the handle as it tests toward the 18 day MVA at 42.86). A bit steeper drop Wednesday than we would like, so it may take another two sessions to make the turn. Still, we are going to let it make the breakout before we initiate any new positions.
Volume: 2.712M Avg Volume: 3.431M
BUY POINT: New: $45.59 (orig. $43.05) Volume=4.1M Target=$51 Stop=$40.45
POSITION: SYQ DH - April $40c (79 delta) and/or Stock
http://www.investmenthouse.com/cs/symc.html

Play Date: 12/17/2002
VSAT (Viasat--$12.11; -0.05; optionable): Telecom equipment
http://biz.yahoo.com/p/v/vsat.html
STATUS: Ascending wedge. VSAT is working through a 5-week ascending wedge as the trailer to its 10 month base. Looks ready.
Volume: 68.45K Avg Volume: 199K
BUY POINT: $12.26 Volume=320K Target=$15.45 Stop=$11.35
POSITION: IQS EB - May $10c (70 delta) and/or Stock
http://www.investmenthouse.com/cs/vsat.html

PRE-ANNOUNCEMENT PLAYS

Play Date: 12/12/2002
ROST (Ross Stores--$44.37; +0.4; optionable): Apparel stores. Forecast to announce a split on 3-19-03 in conjunction with earnings. At this time the company cannot confirm a time for the release.
http://biz.yahoo.com/p/r/rost.html
BACKGROUND: Last announced a 2 for 1 split on 8-26-99 in conjunction with a board meeting. The stock price was $43.30. The annual shareholder meeting was on 5-23-02 at which time authorized shares were increased. The company has sufficient shares for a 2 for 1 split.
STATUS: Testing the breakout. Breaking over the 50 day MVA on a big jump in volume. This is the move we are looking for.
Volume: 2.455M Avg Volume: 1.142M
BUY POINT: $45.85 Volume=1.6M Target=$52.75 Stop=$42.64
POSITION: REQ EV - May $42.50c (66 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/rost.html

PRE-SPLIT

Play Date: 10/29/2002
FRX (Forest Labs--$106.54; +0.88; optionable): Drugs. Splits 2:1 on 1-09-03
http://biz.yahoo.com/p/f/frx.html
STATUS: Test 50 day MVA. Very nice move, edging higher. We think this is one that investors are going to jump once it splits and drops in price.
Volume: 930K Avg Volume: 1.905M
BUY POINT: Post split: 54. Volume=3.1M Target=$60 Stop=$50
POSITION: FHA BS - Feb. $95c (63 delta) and/or Stock
http://www.investmenthouse.com/cs/frx.html

WATCHLIST/ CONTINUING

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

$SOX 12/07 Test 50 322.44 -10.98 335.15 385 0 0 313.94
Current. Turned back lower but tested the 50 day MVA on the low and closed a bit higher. Looking for another bounce.

ACS 12/21 DB hdl 53.73 -1.05 52.05 60 1.3M 2.4M 51
Current.

AGU 12/30 A Wedge 11.35 -0.02 11.55 13.85 219K 357K 11.05
Current.

AIG 12/18 Put 60.17 -0.76 58.55 54 3.5M 7M 59.15
Current.

ALN 12/07 Test BO 11.45 +1.23 9.86 11.85 996K 412K 9.95

ALN 11/09 Test BO 11.45 +1.23 7.28 12.54 996K 200K 9.95
Current.

AME 12/05 DB hdl 38.67 +0.02 38.71 46.45 165K 225K 36
Current.

AMZN 10/21 Cup hdl 21.02 -0.53 20.32 24.38 7M 10M 21.75
Current.

ANT 12/11 Put 24.85 -0.25 22.45 20 232K 200K 23.55
Current.

APOL 12/28 Cup hdl 43.63 -1.05 45.61 54.75 2M 3.5M 43.35
Current.

ASKJ 12/26 Cup hdl 3.35 +0.1 2.89 3.88 325K 305K 2.44
Current.

ATRS 12/30 BO 14.06 -0.19 14.81 18 46K 200K 13.77
Current.

ATRS 11/23 A Wedge 14.06 -0.19 14.05 18 46K 200K 13.07
Current.

AVCT 12/28 Test 50 25.73 +0.69 23.08 27 672K 750K 22.05
Current.

AVCT 01/07 Test 50 25.73 +0.69 24.9 29 672K 750K 22.55
Current.

BRCM 01/02 Test 50 17.85 -0.7 16.85 20.45 13M 12M 15.67
Current.

BRCM 08/17 CCall 17.85 -0.7 19.2 19.8 13M 9M 17.25
Current.

BSTE 12/11 A Wedge 37.34 -0.53 34 41.25 195K 900K 33.94
Current.

BSX 10/19 Test BO 44.19 -0.73 37.75 45.75 2M 3.3M 41.94
Current.

COH 01/02 A Wedge 33.64 -0.95 34.11 40.94 1.5M 1.3M 31.72
Current.

COLM 11/13 DB hdl 43.96 -0.81 41.96 48.45 690K 389K 44.25
Current.

CVD 12/21 Cup hdl 23.38 -0.26 24.75 29.74 592K 581K 23.65
Current.

CVD 11/05 Test BO 23.38 -0.26 23.65 28 592K 581K 23.35
Current.

CYMI 01/08 Cup hdl 36.56 -0.77 37.75 45 1.9M 2.9M 34.94
New.

DBD 01/07 Cup hdl 41.73 +0.3 42.12 50.55 343K 474K 40.25
Buy Not Hit.

ESPD 12/19 Test BO 17.8 -0.3 17.81 21.45 301K 675K 16.11
Buy Not Issued.

EXPD 11/09 Cup hdl 32.55 -0.91 32.08 38 628K 750K 32.45
Current.

EXPE 11/30 A Wedge 64.03 -1.72 78.25 88 2.6M 3.2M 72.77
Current.

FAST 12/14 Cup hdl 35.9 -1.1 38.55 43 947K 995K 37.05
Current.

FBC 01/07 Cup hdl 22.01 -0.04 22.53 25.94 124K 199K 20.95
Buy Not Hit.

FIC 12/26 DB hdl 43.36 -0.11 44.51 48 230K 575K 40.55
Buy Not Hit.

FRX 10/29 Test BO 106.54 +0.88 99.55 115 930K 3.1M 103

GG 09/19 Cup hdl 13 +0.54 11.98 14.45 3.1M 2.4M 11.97
Current.

HSIC 12/09 Put 42.75 -0.37 44.15 40 295K 667K 46.05
Buy Not Issued.

HTLD 12/28 Cup hdl 21.58 -0.42 23.28 27.94 173K 240K 22.05
Buy Not Hit.

IDXC 12/02 Cup hdl 17.6 -0.34 17.65 21.25 64K 163K 16.85
Current.

IGEN 12/19 Test BO 43.28 +1.18 43.05 49.55 306K 450K 42.05
Current.

IGEN 11/16 DB hdl 43.28 +1.18 38.81 45 306K 300K 41.75
Current.

INFY 12/21 Test BO 72.25 -0.9 76.05 92 68K 165K 71.35
Buy Not Hit.

LSTR 12/19 A Wedge 57.3 -0.14 56.42 62.42 82K 220K 56
Current.

MATK 12/04 Test BO 26.46 -0.36 23.39 27.94 258K 300K 23.88
Current.

MRGE 01/07 Test 50 6.93 +0.2 7.25 9 33K 79K 6.74
Buy Not Hit.

MRK 12/21 Test 50 58.98 -0.13 58.05 67 4.8M 9.5M 55.94
Current.

MRK 12/07 Test BO 58.98 -0.13 59.15 67 4.8M 9.5M 55.94
Current.

NBIX 10/08 Rv H&S 44.29 -1.46 44.85 55 381K 1.1M 45.45
Current.

NTII 12/22 Test BO 6.1 0 6.74 8.25 19K 90K 6.18
Buy Not Hit.

OVRL 01/06 Cup hdl 14.3 -1.09 16.81 20.25 122K 105K 15.63
Buy Not Hit.

PENN 12/14 Put 16.63 -0.08 16.55 14 705K 300K 17.65
Current.

PFCB 01/02 A Wedge 37.96 -0.25 38.48 44.25 323K 870K 35.79
Buy Not Hit.

PNRA 11/07 Cup hdl 35.47 -0.38 34.38 39.75 333K 1.2M 34.12
Current.

PPD 11/14 Test BO 20.22 -0.06 25.51 30.55 639K 450K 26.25
Current.

PSUN 12/05 BO 18.7 -0.31 18.7 22.01 1.4M 1.5M 17.39
Current.

QCOM 12/21 Test 50 36.62 -0.64 39.15 48 12M 18M 36.41
Buy Not Hit.

QCOM 12/04 Test 18 36.62 -0.64 40.85 50 12M 18M 37.99
Current.

QCOM 11/07 Test BO 36.62 -0.64 34.78 42 12M 18M 38.14
Current.

QLGC 11/07 Test BO 39.81 -1.37 41.4 50 9.6M 25M 39.88

RBK 01/02 DB hdl 31.04 -0.01 30.25 38.85 466K 680K 28.45
Current.

RHD 11/30 Cup hdl 29.5 +0.5 30.17 25.94 893K 267K 28.06
Buy Not Hit.

ROST 12/12 Test 50 44.37 +0.4 45.85 52.75 2.5M 1.6M 42.64
Buy Not Hit.

SCIO 12/03 Cup hdl 35.13 -0.57 33.05 39.65 786K 1.6M 30.74
Buy Not Issued.

SINA 12/31 Test BO 8.43 +0.01 6.25 10 1.4M 950K 6.88
Current.

SINA 12/04 Test BO 8.43 +0.01 5.58 10 1.4M 950K 6.88
Current.

SOHU 01/03 BO 7.43 -0.29 7.75 9.45 523K 800K 6.65
Current.

STN 01/04 Rv H&S 17.83 -0.77 19.05 22.86 1.8M 600K 17.72
Buy Not Hit.

SYK 12/21 Rv H&S 67.42 -0.98 67.53 77.62 543K 1.2M 62.84
Current.

SYMC 01/02 Test 50 43.36 -1.25 43.05 51 2.7M 4.1M 40.45
Current.

TECH 01/03 Put 25.9 -0.05 27.88 24 545K 400K 29.21
Buy Not Issued.

TSCO 10/16 Test BO 42.2 +0.5 39.05 46.85 294K 235K 37.94
Current.

UNTD 11/30 Test BO 17.45 -0.45 16.25 19.88 1M 1M 16.25
Current.

UOPX 12/07 Test BO 38.26 -0.44 36.74 42 415K 278K 35.74
Current.

URBN 12/22 Put 22.48 -0.27 23.36 20.22 248K 500K 24.65
Current.

VAR 12/18 Rv H&S 49.62 -1.46 50.25 58 632K 700K 48.05
Current.

VRNT 11/23 Cup hdl 22.11 -0.13 15.85 21.55 168K 113K 19.94
Current.

VSAT 12/17 Test 18 12.11 -0.05 12.26 15.45 68K 320K 11.35
Buy Not Issued.

WCN 12/31 BO 37.12 -0.1 39.1 46.45 304K 425K 36.94
Current.

WERN 11/30 Cup hdl 21.29 -0.12 22.75 27.35 199K 550K 21.16
Buy Not Hit.

WFMI 12/14 Test BO 50.63 -0.24 53.65 64 1.1M 975K 52.05
Current.

WFMI 10/28 Cup hdl 50.63 -0.24 50.11 57.51 1.1M 975K 52.05
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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