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stock split, stock research
Begin Part 2 of 2
SEMINARS ON CD
There is an incredible wealth of knowledge, years of experience, and 'how to' plans of action in these seminars. As one graduate put it, "I had no idea how little I knew about market direction and the reasons behind it until I took your course." Our graduates over the past year and one-half have made the bear market in stocks their own private second bull market because they learned how to and when to enter the downside and make dramatic profit from what most investors dread. Have the knowledge to take advantage of any kind of market as well as the confidence to act when you see the action unfold. We cover it all from trends, to accumulation/distribution, patterns, stocks, buying and selling options naked, covered, or creating spreads. Go to
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This is Jon Johnson's own site devoted exclusively to seminars designed to teach you what you need to know about the stock market and stock movement and how to take advantage of those moves without incurring the usual high costs of travel and related expenses usually associated with seminars.
THE PLAYS
Good movers: BCGI; EBAY; NTES; PRA; UPL; WCS
Friday Plays:
NTII: Took a breather after the breakout.
SPP: Still in the very nice handle with a big volume spike.
VIP: Broke down.
BPRX: Still working in the very nice handle.
CYLK: Broke down to the 18 day MVA.
Best Plays:
1) CUB: Added to the SP600 and just looking good.
2) CAKE: Ready to fall further.
3) ACTI: Holding up well.
4) Continuing: BPRX; GRMN; IGEN; SP; CGX; DANKY; RNBO
New Plays:
Play Date: 01/18/2003
CUB (Cubic Corp.--$22.60; -0.02; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/c/cub.html
STATUS: Testing 200 day MVA breakout. CUB was one of our favorite stocks in 2001 and the first half of 2002 as it was a split play and then a post-split play with huge upside. It ran its course with that final blow off top run in May, adding 37% to the already huge gain up to that point. It then collapsed into the current base. It is now working back up, breaking over the 200 day MVA (20.74) 5 sessions back and now moving laterally in a test of that breakout. Friday CUB showed a huge volume spike as it was being added to the SP600. That helped it make the recent jump but CUB has also announced several solid contracts of late. Accumulation in the 8-month base is solid at 8 up weeks on rising volume (accumulation) to 3 down weeks on rising volume (distribution). Very solid.
Volume: 1.607M Avg Volume: 119.272K
BUY POINT: $23.03 Volume=225K Target=$27.63 Stop=$21.42
POSITION: CUB GX - July $22.50c (74 delta, low OI) and/or Stock
http://www.investmenthouse.com/cd/cub.html
Play Date: 01/18/2003
GPRO (Gen Probe--$27.4; +2.81; no options): Research services
http://biz.yahoo.com/p/g/gpro.html
STATUS: Breakout. A new issue in September, GPRO has enjoyed very solid success, breaking out of an ascending triangle of sorts Friday on an upgrade. New issues are the lifeblood of the market as they represent the new companies with new ideas that are the growth stocks of the future (remember when MSFT, DELL, CSCO, EBAY, YHOO were just little tikes?). Strong move will most likely test lower toward 26 over the next week, but we are willing to take a partial position on a further move from here and then after the test is completed and it starts to move up from that test lower.
Volume: 2.619M Avg Volume: 347.409K
BUY POINT: $27.59 Volume=550K Target=$33 Stop=$25.24
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/gpro.html
Downside:
Play Date: 01/18/2003
CAKE (Cheesecake Factory--$31.75; -0.75; optionable): Restaurants
http://biz.yahoo.com/p/c/cake.html
STATUS: Put. CAKE is one of the 'mall' restaurants with many of its locations in shopping malls. It was hit with the reports that holiday traffic (at least sales) were light. It gapped down through its 200 day MVA (34.61) 6 sessions back and has made a token effort holding some support at 32. Friday that started to cave in as volume rose and CAKE slipped to a new low since the breakdown. Money flow has tanked and the stock is under heavy distribution. Looking to catch the next slide lower.
Volume: 1.257M Avg Volume: 720K
BUY POINT: $31.64 Volume=800K Target=$28 Stop=$32.75
POSITION: CFQ PG - April $35p (-62 delta)
http://www.investmenthouse.com/cd/cake.html
Revisited:
Play Date: 01/04/2003
ACTI (Activecard--$8.58; -0.28; no options): Security software
http://biz.yahoo.com/p/a/acti.html
STATUS: Ascending wedge. Still looking pretty darn good, holding on the 50 day MVA with a hammer doji Friday on very low volume as the market sold. We really like this sector and the way the stock is holding up, using the 50 day MVA as support in the pattern.
Volume: 27.975K Avg Volume: 167.772K
BUY POINT: $8.95 Volume=225K Target=$10.75 Stop=$8.28
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/acti.html
Play Date: 01/14/2003
DTAS (Digitas Inc.--$4.05; -0.11; no options): Internet software
http://biz.yahoo.com/p/d/dtas.html
STATUS: Cup w/handle. DTAS is still working through its 6-month base as part of a larger base that started in April. Solid accumulation with the big base showing 10 up weeks on rising volume to just 4 down weeks on rising volume. It is still moving laterally over the 10 day MVA just over 4 as it consolidates its jump over the 200 day MVA near 3.60. Volume has been picking up over the past week on up sessions, and Friday it held up well in the market selling, pulling back in the range on some lower volume. A solid sector in this market, and we are impressed by how well it has held up. Money flow is shooting up ahead of the stock.
Volume: 147.52K Avg Volume: 105.772K
BUY POINT: $4.33 Volume=200K Target=$5.51 Stop=$3.94
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/dtas.html
MEMBER PORTFOLIO: AMZN, BRCM, IBM, IGEN, KLAC, MSFT, RCII, TEVA, WMT YHOO
These are the stocks that our subscribers vote to put in a 'portfolio' to track their progress and comment upon when they reach buy points, sell points, or levels to write some covered calls on. They are not intended to be held as a portfolio by subscribers and are not covered in their entirety in every report. When something interesting is developing we take note.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
IBM 01/11 A Wedge 81.3 -4.75 0 0 17M 14M 0
Gap lower and selling to close at the 50 day MVA on very strong volume. Lots of support from 82 to 78.
IGEN 01/11 A Wedge 43.77 -0.43 0 0 172K 375K 0
Holding up very well over the 10 day MVA in a lateral move on lower volume as the rest of the market sells. That is what stronger stocks do and a strong volume move over 45.32 is a new buy point.
MSFT 01/11 A Wedge 51.46 -3.89 0 0 78M 57M 0
As expected it was hammered, falling below the 200 day MVA on very strong volume. In trouble.
CONTINUING/WATCHLIST: These are stocks that are current plays (the buy point hit), waiting for the buy point to be hit (buy not hit), or buy not made for various reasons (buy alert not issued). The date references the date the play first appeared on the report. Pivot is the buy point.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACTI 01/04 Pennant 8.58 -0.28 8.95 10.75 28K 225K 8.28
Buy Not Issued. Still looking pretty darn good, holding on the 50 day MVA with a hammer doji Friday on very low volume as the market sold. We really like this sector and the way the stock is holding up, using the 50 day MVA as support in the pattern.
ADSK 01/15 Cup hdl 15.1 -0.4 16.45 19.85 1.1M 2.1M 15.15
Buy Not Hit. Having some trouble after the good move Wednesday, giving it all back the next two sessions.
AGU 12/30 A Wedge 11.23 -0.16 11.55 13.85 164K 357K 11.05
Exited.
ALN 11/09 Test BO 13.26 +0.26 7.28 14 732K 200K 11.94
Current. Holding the line above the 10 day MVA, ALN rallied Friday on strong volume while the market sold. This first test of the 10 day MVA after its last breakout in the face of market selling show its strength, and it is another buy on a further move up.
AMZN 01/09 Test 50 21.4 -0.4 22.72 27.25 5.8M 13M 20.75
Buy Not Issued.
AMZN 10/21 Cup hdl 21.4 -0.4 20.32 24.38 5.8M 10M 20.75
Current. Holding up well, showing a very tight doji on the 18 day MVA and above the 50 day MVA at 21 Friday.
AVID 10/30 Cup hdl 21.58 -0.62 15.65 25 465K 177K 21.75
Current. Struggling still, failing Friday at the 18 day MVA at 22. Volume backed off, and the selling was not intent so we are letting this try and recover over the 50 day MVA.
BCGI 01/15 Put 11.31 -0.94 12.15 10 235K 225K 13.05
Current. Nice plunge Friday on volume.
BEAS 12/19 Test BO 11.51 -1.15 11.77 14.74 13M 16M 12.24
Exited.
BPRX 01/09 Cup hdl 14.94 +0.15 16.06 20.45 110K 182K 14.94
Buy Not Hit. Holding the 18 day MVA very well Friday on rising volume as it moved up off that level. Getting ready as drugs improve as investors look toward defensive stocks.
BRCM 01/02 Test 50 17.41 -1.26 16.85 20.45 8M 12M 17.45
Current. Decided to hang on after letting a nice gain fritter away. Support right at 17.
BRCM 11/16 BO 17.41 -1.26 15.9 20 8M 15M 17.45
Current.
CAKE 01/18 Put 31.75 -0.75 31.64 28 1.3M 800K 32.75
New.
CGX 12/03 Cup hdl 23.68 -0.22 22 26.45 40K 65K 22.75
Current. Lower volume pullback Friday as CGX is being very stingy with its gains after the breakout.
COGN 01/02 Cup 23.75 -0.64 25.11 30.24 1.3M 1.5M 23.74
Current.
CRAY 01/04 Test 18 7.55 -0.2 7.7 9.85 471K 1M 7.16
Current. Holding the 18 day MVA on continued below average volume.
CRAY 11/30 A Wedge 7.55 -0.2 7.38 8.85 471K 346K 7.15
Current.
CRAY 10/21 Cup 7.55 -0.2 4.28 8 471K 346K 7.15
Target Hit.
CUB 01/18 Test BO 22.6 -0.02 23.03 27.63 1.6M 225K 21.42
New.
CYLK 01/10 BO 1.35 -0.1 1.54 2.51 81K 125K 1.38
Current. Disappointing move, falling to the 18 day MVA Friday on rising, average volume. Needs to make its bounce here by the close Monday.
DANKY 12/17 Cup hdl 5 -0.11 5.05 7.45 495K 560K 4.65
Current. Solid breakout Wednesday on volume and in the market selling it has made a small, orderly pullback on lower volume.
DISK 12/28 Cup hdl 2.65 +0.05 2.61 3.15 9K 37K 2.38
Current. Holding the 18 day MVA Friday on continued below average volume as it tests the breakout during the market selling. Money flow is still up ahead of the stock.
DTAS 01/14 Cup hdl 4.05 -0.11 4.33 5.51 148K 200K 3.94
Buy Not Hit.
EBAY 12/12 Test 18 74.85 +3.6 69.45 77 14M 12M 70.96
Current. Solid earnings and a strong move up off the 50 day MVA on rising volume.
EBAY 10/15 Test 50 74.85 +3.6 62.45 71 14M 12M 69.85
Current.
ECL 10/30 Cup hdl 49.5 -0.35 49.11 56.55 310K 1M 49.15
Current. Drifting back to the 50 day MVA at 49 on lower volume.
EUNI 12/30 Cup hdl 6.55 -0.03 6.55 8.15 147K 204K 5.98
Current. After the wild ride Thursday, EUNI tested 6 on the low again and then rallied back. It may have needed a pullback, and this may be it.
FDX 01/13 Cup hdl 55.55 -0.56 58.71 67.75 1.1M 2.2M 55.55
Buy Not Hit. Still working lower in the handle, getting a bit lower than we wanted but still holding up.
GPRO 01/18 BO 27.4 +2.81 27.59 33 2.6M 550K 25.24
New.
GRMN 11/06 Cup hdl 30.26 -0.57 22.34 34 184K 198K 29.55
Current. Very nice pullback holding at the 18 day MVA and support at the late December high. Looks ready for its next move.
HLTH 12/12 Cup hdl 9.2 -0.48 8.85 11.35 2.3M 3.1M 8.85
Current. Turned sharply lower to the 18 day MVA Friday on lower, below average volume. Support at 9 needs to hold.
HOTT 11/23 A Wedge 24.35 -0.55 23.9 28 386K 1.5M 23.15
Current. Sold back to the 18 day MVA on low volume. Not bad and holding up well.
IBM 01/11 A Wedge 81.3 -4.75 0 0 17M 14M 0
Gap lower and selling to close at the 50 day MVA on very strong volume. Lots of support from 82 to 78.
IGEN 01/11 A Wedge 43.77 -0.43 0 0 172K 375K 0
Holding up very well over the 10 day MVA in a lateral move on lower volume as the rest of the market sells. That is what stronger stocks do and a strong volume move over 45.32 is a new buy point.
JBHT 12/12 A Wedge 30.05 -0.75 30.18 35.25 885K 725K 28.94
Current. Big breakout and then gave some back Friday on lower though still above average volume. Holding the breakout & it really needs to hold over 29.50 to remain solid.
LOOK 12/22 Cup hdl 3.13 -0.17 2.94 4.95 504K 950K 2.71
Current. Turned lower Friday and closed at the 10 day MVA on some rising though still below average volume. Support at 3 needs to hold.
MRD 01/07 Cup hdl 23 -0.23 23.65 28.38 39K 136K 21.99
Buy Not Issued. Still working on low volume.
MRK 12/21 Test 50 58.34 -0.51 58.05 67 5.9M 9.5M 56.45
Current. Holding the simple 50 day MVA on the close on some rising volume. That is the action you should see and looking for a bounce here.
MRK 12/07 Test BO 58.34 -0.51 59.15 67 5.9M 9.5M 56.45
Current.
MSFT 01/11 A Wedge 51.46 -3.89 0 0 78M 57M 0
As expected it was hammered, falling below the 200 day MVA on very strong volume. In trouble.
MSTR 01/10 Test BO 17.7 -0.91 17.76 21.45 267K 400K 16.44
Buy Not Issued. Still working hard in the short cup base, but sold Friday on some rising volume. Held up but needs to calm down and get back on track.
MVL 11/04 BO 10.48 -0.47 8.74 14 368K 400K 9.74
Current. Tight consolidation could not withstand the battering and it sold to the 10 day MVA Friday on some rising though still below average volume. Not panicking out here but it may test the 18 day at 10.05.
NBTY 01/06 BO 18.91 +0.86 19.38 23.25 640K 878K 17.88
Current. Nice recovery after gapping lower Thursday on stronger volume. Moved back over the 18 and 10 day MVA.
NTES 12/19 Test BO 16.34 +0.44 12 18 965K 550K 13.75
Current. Kept moving up on stronger volume after the 10 day MVA test.
NTII 01/16 BO 7.38 +0.01 7.61 8.88 84K 100K 6.98
Buy Not Hit.
OCR 01/13 Cup hdl 26.3 +0.15 25.45 30.55 667K 600K 24.75
Current. Great move Thursday then edged higher Friday on lower though still above average volume.
PENN 12/14 Put 16.75 -0.26 16.55 14 377K 300K 17.65
Current. Gapped back down on some higher volume, but not making the breakdown.
PRA 12/11 Cup hdl 21.22 +0.19 20.26 24.32 98K 145K 20.25
Current. Moving up still on some rising volume.
QCOM 12/21 Test 50 36.8 -1.59 39.15 48 13M 18M 36.41
Buy Not Issued.
QCOM 12/04 Test 18 36.8 -1.59 40.85 50 13M 18M 37
Current. Broke below the 50 day MVA Friday. Still holding it but watching it; fallout from MSFT, IBM where the big names were taken down as well.
QCOM 11/07 Test BO 36.8 -1.59 34.78 42 13M 18M 37
Current.
QLGC 11/07 Test BO 36 -2.1 41.4 50 12M 25M 39.88
QLGC 08/17 CCall 36 -2.1 36.48 0 12M 12M 37
Current. Let the January calls expire to take in the entire gain. Now we look for QLGC find support, and we are looking for that near 34
RBK 01/02 DB hdl 29.85 -0.54 30.25 38.85 785K 680K 29.94
Exited.
RCII 01/11 Test BO 54.01 -0.18 55.08 62.55 267K 787K 51.22
Buy not issued. Holding up over the 200 day MVA after the breakout. Now just need to see a strong volume move.
RNBO 01/14 Cup hdl 8.27 -0.08 8.85 10.85 157K 240K 7.98
Buy Not Hit. Still very, very solid in its pattern showing a doji over the 10 day MVA on some rising volume.
ROIAK 12/28 Rv H&S 16.4 -0.1 14.55 17.49 701K 650K 15.05
Current. Nice lateral move after shooting up, showing rising volume Friday.
SFNT 01/08 DB hdl 27.56 -1.9 29.5 33.65 285K 367K 27.44
Current. Still under fire. We held the position Friday as volume remained below average, but the move has broken the 18 day MVA and the breakout is failing. Needs to hold.
SINA 12/31 Test BO 9.37 -0.01 6.25 10 1.2M 950K 8.25
Current. Holding up well.
SINA 12/04 Test BO 9.37 -0.01 5.58 10 1.2M 950K 7.92
Current.
SPP 01/16 Cup hdl 14.1 -0.06 14.62 17.55 490K 254K 13.65
Buy Not Hit. Very nice handle still as volume spiked higher Friday.
STK 12/26 Cup hdl 23.5 -1.5 23.21 27.88 1.6M 1.2M 22.35
Current. Ran into the tech buzz saw, falling to the 18 day MVA on surging volume.
TEVA 01/11 A Wedge 38.3 -0.08 0 0 2M 5M 0
TSCO 10/16 Test BO 41.32 -1 39.05 46.85 221K 235K 39.84
Current. Another doji on the 18 day MVA.
UNTD 11/30 Test BO 15.44 -1.48 16.25 19.88 1.5M 1M 16.25
Current. Not good, tanking to the 50 day MVA on rising, above average volume. We debated exiting but decided to let it test the 50 day MVA as it has held at the current level in the past.
UNTD 11/02 Cup hdl 15.44 -1.48 13.3 19.88 1.5M 1M 16.25
Current.
UPL 10/19 A Wedge 10.11 +0.16 9.68 11.75 524K 345K 9.50
Current. Nice move up on even better volume.
VOXX 01/08 A Wedge 10.82 -0.46 11.56 14 327K 149K 10.64
Current. Turned right back down and gave back the Wednesday breakout. Held some support at 10.50 but hat the reversal.
VRTS 08/19 CCall 17.47 -0.8 19.76 20 10M 8.5M 17.45
Current. Let the calls we sold expire and took the gain. Gapped below the 50 day MVA but held there. Will let it work some and try to recover, then launch some more longer term calls when that takes place.
VRTY 11/30 Cup hdl 14.5 -0.6 14.56 17.65 411K 450K 14.54
Exited.
WCS 01/06 Cup hdl 25.05 +3.92 22.35 26.88 12M 198K 20.79
Buy Not Issued. Getting bought out and gapped higher. No chance to enter, and no point in doing so as it has taken in the gain.
WMT 01/11 A Wedge 49.97 -0.33 0 0 8.7M 12M 0
WSM 01/18 Put 25.56 -0.17 25.45 22.45 2.2M 2M 26.35
New.
YHOO 12/11 Test 50 18.37 -0.38 17.32 22.75 11M 20M 18.15
Current. After the Thursday fall on earnings, YHOO held up well at the 18 day MVA on lower volume.
Good Investing!
Jon L. Johnson and The Daily 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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