|
|
stock split, stock recommendation
Begin Part 2 of 2
THE PLAYS:
Good movers: CVH; URBN
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:
Downside:
Play Date: 01/27/2003
KRON (Kronos--$38.77; -0.94; optionable): Business equipment
http://biz.yahoo.com/p/k/kron.html
STATUS: Put. Breaking the 50 day MVA Friday, and after testing the 50 day MVA on the Monday high (40.28) before rolling lower on some rising though still below average volume. We are looking for another test higher if the market tries a rebound Tuesday, and then we will look toe enter on the way back down. Some support at 38, but on another failed attempt at the 50 day, that should not hold the stock up.
Volume: 205.07K Avg Volume: 275.545K
BUY POINT: After a test of 40, $39.24 on the way back down. Volume=325K Target=$35.88 Stop=$40.75
POSITION: KUE OH - Mar. $40p (-47 delta)
http://www.investmenthouse.com/cs/kron.html
Play Date: 01/27/2003
LEH (Lehman Brothers--$54.05; -0.01; optionable): Investment brokerage
http://biz.yahoo.com/p/l/leh.html
STATUS: Put. A big drop from the peak at 60, LEH fell through the 50 day MVA just over 56 and Monday landed at some support at 54, showing a doji at that level. We are expecting a bounce back up to the 50 day (56.33) off of the doji. When the move fails that is where we enter for further downside.
Volume: 2.563M Avg Volume: 2.362M
BUY POINT: $55.45 Volume=2.8M Target=$51.75 Stop=$56.55
POSITION: LEH PK - April $55p (-47 delta) or LEH OK - Mar. $55p (-49 delta)
http://www.investmenthouse.com/cs/leh.html
Upside:
Play Date: 01/27/2003
BRL (Barr Labs--$77.62; -0.91; optionable): Generic drugs
http://biz.yahoo.com/p/b/brl.html
STATUS: Testing the breakout. BRL has enjoyed a strong run up the right side of its break, moving to a 52-week high on the move. BRL is now testing that breakout, holding at the 10 day MVA (77.12), pulling back the past two sessions on lower and lower volume. Accumulation is outstanding at 8 up weeks on rising volume to 3 down weeks on rising volume. It is holding up very well and we are looking for this play to run up to the former high at 90; a nice move.
Volume: 461.6K Avg Volume: 604.863K
BUY POINT: $78.58 Volume=875K Target=$90 Stop=$74.55
POSITION: BRL EO - May $75c (66 delta) and/or Stock
http://www.investmenthouse.com/cs/brl.html
CONTINUING LEADER PLAYS
Upside:
Play Date: 01/25/2003
APPX (American Pharmaceutical--$24.99; +0.81; optionable): Drug manufacturing
http://biz.yahoo.com/p/a/appx.html
STATUS: Testing the breakout. Monday APPX started up off the test, gathering some above average volume on the way. Intraday it tested lower toward the 10 day MVA at 23, but then started right back up.
A new issue last January, APPX formed a cup base and broke out in October. Since then it rallied and has now formed another shorter 10-week base. It broke out of that four sessions back on a big upside gap and is now testing back on much lower volume. Accumulation in the overall base is excellent at 11 up weeks on rising volume to 1 down week on rising volume.
Volume: 649.725K Avg Volume: 508.59K
BUY POINT: New: up to 25.10 (orig. $24.26). Volume=770K Target=$29 Stop=$22.56
POSITION: AQO GX - July $22.50c (68 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/appx.html
DAKT (Daktronics--$15.22; +0.07; optionable): Scientific & Technical instruments
http://biz.yahoo.com/p/d/dakt.html
STATUS: Testing the breakout. Still a very nice, tight pattern as DAKT moves laterally just over 15 as it tests the prior breakout. Looking for a solid move up to enter more positions. Solid accumulation and money flow and relative strength has broken out ahead of the stock.
Volume: 93.519K Avg Volume: 94.636K
BUY POINT: $15.38 Volume=150K Target=$18.28 Stop=$14.02
POSITION: QKC GV - July $12.50c (79 delta) and/or Stock
http://www.investmenthouse.com/cs/dakt.html
Downside
Play Date: 01/25/2003
CHS (Chicos Fas--$17.37; -0.54; optionable): Apparel stores
http://biz.yahoo.com/p/c/chs.html
STATUS: Put. Started down Monday, but could not take out the recent low (17.33), but CHS looks ready to fall further from here. Could provide another bounce up toward 18 from here, but either way looks ready for more downside.
Volume: 891K Avg Volume: 1.122M
BUY POINT: $17.79 Volume=1.2M Target=$14.51 Stop=$18.78
POSITION: CHS OD - Mar. $20c (-67 delta) or CHS QD - May $20c (-58 delta)
http://www.investmenthouse.com/cs/chs.html
Play Date: 01/23/2003
LUV (Southwest Airlines--$12.82; -0.2; optionable): regional airlines
http://biz.yahoo.com/p/l/luv.html
STATUS: Put. Gapped lower then tried to rally up to the 10 day MVA at 13.40 before falling back down on rising, above average volume. Looks like it is going to continue lower after this test of the 10 day MVA. Never did make the bounce up before selling, but it may try once again. On another bounce up toward 13.40 we will look at another entry point.
Volume: 2.731M Avg Volume: 2.16M
BUY POINT: After a test of 13.40, 13.25 Volume=3M Target=$11.51 Stop=$14.15
POSITION: LUV OC - Mar. $15p (-70 delta)
http://www.investmenthouse.com/cs/luv.html
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACDO 01/18 A Wedge 36.95 -0.64 38.72 45 558K 1M 36.01
Buy Not Issued.
ALN 01/18 Test BO 12.04 -0.6 13.41 16.85 351K 450K 12.25
Buy Not Issued.
ALN 11/09 Test BO 12.04 -0.6 7.28 14 351K 200K 11.94
Current.
ALOG 01/18 Cup hdl 50.42 +0.27 53.69 61.75 69K 110K 49.93
Buy Not Hit.
AME 12/05 DB hdl 36.42 -1.07 38.71 46.45 114K 225K 37.05
Exited.
AMLN 01/18 Cup 16.8 -0.43 18.05 21.94 768K 750K 16.79
Buy Not Hit.
AMZN 01/09 Test 50 21.78 -0.33 22.72 27.25 8.2M 13M 20.75
Buy Not Issued.
AMZN 10/21 Cup hdl 21.78 -0.33 20.32 24.38 8.2M 10M 20.75
Current.
APPX 01/25 Test BO 24.99 +0.81 24.26 29 650K 770K 22.56
Buy Not Issued.
ASKJ 12/26 Cup hdl 4.3 -0.29 2.89 3.88 1.3M 305K 3.98
Target Hit.
BRCM 01/02 Test 50 14.16 -0.95 16.85 20.45 17M 12M 17.45
Current.
BRCM 08/17 CCall 14.16 -0.95 19.2 19.8 17M 9M 17.25
Current.
BRKL 01/10 Cup hdl 12.85 0 12.74 15.25 186K 365K 12.08
Buy Not Issued.
BRL 01/27 Test BO 77.62 -0.91 78.58 90 462K 875K 74.55
New.
BSTE 12/11 A Wedge 36.82 -0.81 34 41.25 444K 900K 35.74
Current.
BSX 10/19 Test BO 41.7 -2.07 37.75 45.75 4.4M 3.3M 43.65
Current.
BVF 01/25 Put 28.27 -0.69 28.85 25.55 472K 1M 29.65
Current.
CAKE 01/21 Put 30.62 -0.28 30.85 28 620K 800K 32.55
Buy Not Issued.
CFC 01/13 Cup hdl 53.33 -0.95 55.04 63.25 1.2M 1.6M 52.85
Buy Not Hit.
CHS 01/25 Put 17.37 -0.54 17.79 14.51 891K 1.2M 18.78
New.
COH 01/02 A Wedge 31.38 -0.72 34.11 40.94 781K 1.3M 31.72
Current.
CTAS 01/15 Put 41.69 +0.29 44.96 41.75 1.5M 1.5M 45.25
Target Hit.
CVD 12/21 Cup hdl 25.43 -1.16 24.75 29.74 654K 581K 24.25
Current.
CVD 11/05 Test BO 25.43 -1.16 23.65 28 654K 581K 24.25
Current.
CVH 01/25 Put 27.23 -0.76 27.95 24.25 322K 600K 29.15
Current.
DAKT 01/10 Test BO 15.22 +0.07 15.25 18.28 94K 150K 14.02
Current.
DCTM 01/14 Cup hdl 16.46 -0.47 19.25 24 586K 1.1M 17.84
Buy Not Hit.
DRL 01/21 Cup hdl 28.43 -0.14 30.41 36.52 166K 446K 28.28
Buy Not Hit.
DTAS 01/14 Cup hdl 3.8 -0.05 4.33 5.51 16K 200K 3.94
Buy Not Hit.
EASI 01/15 A Wedge 37.92 +0.34 38.15 45.88 203K 300K 36.45
Buy Not Issued.
EXPE 11/30 A Wedge 62.93 -0.83 78.25 88 1.6M 3.2M 72.77
Current.
FBC 01/07 Cup hdl 22.65 -0.27 23.35 26.85 115K 199K 22.15
Current.
FIC 12/26 DB hdl 47.51 +0.36 44.51 48 709K 575K 43.94
Current.
FRX 01/09 Cup hdl 51.03 -0.98 55.03 66 1.6M 2.8M 51.18
Current.
FRX 10/29 Test BO 51.03 -0.98 49.78 57.55 1.6M 3.1M 53.25
Current.
GG 01/18 A Wedge 12.59 -0.36 13.68 16.45 3.3M 2.9M 12.72
Buy Not Hit.
ICST 01/23 Rv H&S 20.5 -0.35 22.75 26.75 1.5M 2.6M 21.16
Buy Not Hit.
IGEN 12/19 Test BO 39.21 -1.79 43.05 49.55 457K 450K 40.85
Exited.
IGEN 11/16 DB hdl 39.21 -1.79 38.81 45 457K 300K 43.25
Exited.
IGT 01/18 Cup 77.89 -0.21 78.42 90 1.7M 1.4M 74.65
Buy Not Issued.
KRON 01/27 Put 38.77 -0.94 39.24 35.88 205K 325K 40.75
New.
LEH 01/27 Put 54.05 -0.01 55.45 51.75 2.6M 2.8M 56.55
New.
LUV 01/23 Put 12.82 -0.2 13.65 11.51 2.7M 3M 14.15
Current.
MYL 01/22 PreSplt 38.57 -0.78 39.55 44.55 931K 1.2M 36.78
Buy Not Issued.
N 01/23 Cup hdl 22.24 -0.67 23.21 27.75 390K 1M 21.59
Buy Not Hit.
NBIX 10/08 Rv H&S 43.8 -1.47 44.85 55 479K 1.1M 44.65
Exited.
OTEX 01/25 BO 27 -0.95 28.09 33.94 616K 345K 26.25
Buy Not Issued.
OVRL 01/06 Cup hdl 14.53 -0.29 16.81 20.25 103K 105K 15.63
Buy Not Hit.
PENN 12/14 Put 16.05 +0.14 16.55 14 301K 300K 17.08
Current.
PSUN 12/05 BO 18.16 -0.25 18.7 22.01 1.2M 1.5M 17.95
Current.
QCOM 12/21 Test 50 36.38 -0.42 39.15 48 13M 18M 36.41
Buy Not Issued.
QCOM 12/04 Test 18 36.38 -0.42 40.85 50 13M 18M 37
Current.
QCOM 11/07 Test BO 36.38 -0.42 34.78 42 13M 18M 37
Current.
QLGC 11/07 Test BO 35.82 -0.13 41.4 50 9.8M 25M 39.88
RARE 12/16 A Wedge 27.43 -0.8 28.22 33.85 191K 355K 27.65
Current.
RE 01/25 Put 49.61 -0.99 50.15 44.45 857K 650K 52.15
Current.
REGN 01/16 Test 50 20.14 -0.48 21.45 25.75 459K 500K 19.95
Buy Not Hit.
RHD 11/30 Cup hdl 31 -0.15 30.17 25.94 278K 267K 30.04
Current.
RINO 01/23 Put 15.09 -0.15 15.1 13.51 285K 375K 16.05
Current.
RMD 01/24 A Wedge 33.24 -0.38 34.55 40.35 192K 230K 32.18
Buy Not Hit.
ROK 01/09 Cup hdl 21.95 -0.47 22.35 26.85 917K 1M 21.85
Current.
ROST 12/12 Test 50 38.69 -3.15 45.85 52.75 5M 1.6M 44.24
Exited.
SCSS 01/22 Test BO 11.01 -0.16 11.71 14.68 410K 700K 10.41
Buy Not Hit.
SINA 12/31 Test BO 8.9 -1.48 6.25 10 3.6M 950K 8.25
Current.
SINA 12/04 Test BO 8.9 -1.48 5.58 10 3.6M 950K 8.85
Current.
SOHU 01/03 BO 8.74 -1 7.96 9.45 1.4M 800K 8.94
Target Hit.
STN 01/04 Rv H&S 16.8 -0.45 19.05 22.86 205K 600K 17.72
Buy Not Hit.
SYK 12/21 Rv H&S 63.3 -1.37 67.53 77.62 973K 1.2M 65.74
Current.
SYMC 01/09 Test 50 44.2 +0.28 46.3 51 4.4M 4.1M 43.35
Current.
TARO 01/18 Put 33.43 -0.64 34.79 31.05 187K 375K 35.65
Current.
TECH 01/03 Put 25.47 -0.26 27.88 24 308K 400K 27.05
TRB 01/14 Cup hdl 46.72 -0.99 48.53 58.25 1.1M 1.3M 46.55
Buy Not Hit.
TSCO 10/16 Test BO 39.74 -0.69 39.05 46.85 331K 235K 39.84
Current.
URBN 12/22 Put 20.34 -0.55 23.36 20.22 157K 500K 22.65
Target Hit.
VAR 12/18 Rv H&S 50.33 -0.77 50.25 58 568K 700K 48.05
Current.
VERS 01/21 Test BO 11.4 -0.85 12.36 14.88 146K 184K 11.38
Buy Not Hit.
VSAT 12/17 Test 18 11.65 -0.8 12.26 15.45 226K 320K 11.35
Buy Not Issued.
WFMI 12/14 Test BO 49.13 +0.75 53.65 64 1.1M 975K 49.65
Current.
WFMI 10/28 Cup hdl 49.13 +0.75 50.11 57.51 1.1M 975K 49.65
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.
|
stock split
stock recommendation
|
