us stock market, stock split

Begin Part 3 of 3

Play Date: 01/18/2003
IGT (International Game Technology--$78.87; +0.88; optionable): Video poker. Did not announce a split with earnings on 1-22, but they were good and it looks solid.
http://biz.yahoo.com/p/i/igt.html
STATUS: Saucer. Tested the 18 day MVA on the low and rallied back Friday, a good recovery from the Thursday reversal. IGT is moving well and on a breakout we are looking at adding to positions. One of the stronger stocks. Accumulation is solid at 7 up weeks on rising volume to just 1 down week on rising volume.
Volume: 905.3K Avg Volume: 1.005M
BUY POINT: Breakout: $80.04 (orig. $78.42) Volume=1.4M Target=$90 Stop=$75.35
POSITION: IGT GP - July $80c (53 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/igt.html

Play Date: 10/08/2002
NBIX (Neurocrine Biosciences--$43.37; -0.17; optionable): Forecast to announce a split on 2-4-03 in conjunction with earnings.
BACKGROUND: Based upon our research it does not appear that NBIX has ever split its stock. The annual shareholder meeting was on 5-23-02 at which time no additional shares were authorized. The company has sufficient shares for a 3 for 2 split.
http://biz.yahoo.com/p/n/nbix.html
STATUS: NBIX tapped at the December low that is also the August and October highs, and then bounced up on some rising though still below average volume. It showed a doji and that indicates it may be ready to start up to test the 50 day MVA at 45. BSX has been one of the stronger performers, and its move below the 50 day MVA was not on very high volume. It could easily recover from here and move up ahead of the earnings. Solid accumulation in the big, 12-month base at 14 accumulation weeks to 6 distribution weeks.
Volume: 317K Avg Volume: 507.954K
BUY POINT: New: Aggressive: 45.55. Volume=750K Target=$55 Stop=$45.45
POSITION: UOT EI - May $45c (57 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/nbix.html

Play Date: 10/28/2002
WFMI (Whole Foods Market--$50.82; +1.01; optionable): Health food grocery. Forecast to announce a split on 2-12-03 in conjunction with earnings. The company has not confirmed this date, but based upon our research this is the date for the announcement.
BACKGROUND: Last announced a 2 for 1 split on 5-10-01 in conjunction with a board meeting. The stock price was $50.40. The annual shareholder meeting was on 3-25-02 at which time authorized shares were increased. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/w/wfmi.html
STATUS: Testing the breakout. Very nice recovery underway as WFMI moved over the 50 day MVA (50.46) though the simple 50 day is still ahead at 51.73. The move off the 200 day MVA just below 48 was solid, and on a move over 52 we will look to enter once again.
Volume: 626.828K Avg Volume: 809.954K
BUY POINT: New: 52.12 (orig. $50.11) Volume=975K Target=Initial $57.51 Stop=$49.94
POSITION: FMQ EJ - May. $50c (64 delta) and/or Stock
http://www.investmenthouse.com/cs/wfmi.html

POST-SPLIT PLAYS

Play Date: 01/21/2003
DRL (Doral Financial--$29.85; +0.89; optionable): Mortgage Investment
http://biz.yahoo.com/p/d/drl.html
STATUS: Cup w/handle. Moving up in the handle of its 5 month base, rallying last week off of the 50 day MVA at 28.40 to close Friday just below the breakout point. Volume was up but still below average on the move. Positive accumulation and relative strength is already broken out ahead of the stock.
Volume: 279K Avg Volume: 274.59K
BUY POINT: $30.41 Volume=446K Target=$36.52 Stop=$28.28
POSITION: DRL EE - May $25c (84 delta) and/or Stock
http://www.investmenthouse.com/cs/drl.html

Play Date: 01/30/2003
ERES (Eresearch Tech--$18.08; +0.04; no options): Medical labs
http://biz.yahoo.com/p/e/eres.html
STATUS: Cup w/handle. Showing a big doji over the 10 day MVA Friday as ERES reached toward 17 on the low and then recovered. Volume remains very low in the handle of the 4-month base. Showing positive accumulation at 2 up weeks on rising volume to 1 down week on rising volume. Just waiting to see if it will give us the breakout.
Volume: 134.73K Avg Volume: 283.136K
BUY POINT: $18.72 Volume=436K Target=$22.45 Stop=$17.41
POSITION: - Stock (no options)
http://www.investmenthouse.com/cs/eres.html

Play Date: 02/01/2003
FBC (Flagstar Bancorp--$23.08; -0.13; no options): Savings and loan
http://biz.yahoo.com/p/f/fbc.html
STATUS: Cup w/handle. FBC has formed a handle to its 5-month base, moving laterally over the 10 day MVA at 23 as volume remains low and below average. Accumulation is excellent at 8 up weeks on rising volume to 3 down weeks on rising volume. Looks very good here with money moving up ahead of the stock price as it moves laterally.
Volume: 119.7K Avg Volume: 146.681K
BUY POINT: $23.85 Volume=199K Target=$26.85 Stop=$22.38
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/fbc.html

Play Date: 01/22/2003
MYL (Mylan Labs--$26.72; +0.72; optionable): Generic drugs
http://biz.yahoo.com/p/m/myl.html
STATUS: Testing the breakout. MYL started up at the end of last week after a three week lateral test of the early January breakout from its year-long base. MYL as in the same sector as BRL, and it is holding up very well. Looks solid and we are looking at additional positions on a move over the recent high at 27.08.
Volume: 1.18M Avg Volume: 1.243M
BUY POINT: New: 27.16 (orig. $26.57) Volume=1.2M Target=$31.88 Stop=$25.25
POSITION: MYL DE - April $25c (80 delta) and/or Stock
http://www.investmenthouse.com/cs/myl.html

WATCHLIST/ CONTINUING

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

ACDO 01/18 A Wedge 37.51 +1.01 38.72 45 910K 1M 36.01
Buy Not Issued. Solid bounce Friday off of the 50 day MVA on some rising volume. This is what it needed to do off of this support level.

ACS 02/01 Test 50 54.22 +1.62 54.55 62.55 1.9M 2.1M 50.73
New.

ALN 01/18 Test BO 12.13 +0.05 13.41 16.85 260K 450K 12.25
Buy Not Issued.

ALN 11/09 Test BO 12.13 +0.05 7.28 14 260K 200K 11.94
Current. Still holding the 18 day MVA on the breakout test with volume falling below average. Very tight pattern at this level.

ALOG 01/18 Cup hdl 52.76 +0.13 53.69 61.75 87K 110K 49.93
Buy Not Hit.

AMLN 01/18 Cup 17.14 +0.44 18.05 21.94 1M 750K 16.79
Buy Not Hit.

AMZN 01/09 Test 50 21.85 +0.03 22.72 27.25 6.3M 13M 20.75
Buy Not Issued.

AMZN 10/21 Cup hdl 21.85 +0.03 20.32 24.38 6.3M 10M 20.75
Current. Still riding on the 18 day MVA on below average volume, fighting off general market selling.

APPX 01/25 Test BO 25.51 -1.57 25.4 30 1.9M 770K 23.32
Current. After a solid rise APPX turned back Friday on a surge in volume. Has been on a strong run and needed a pullback but the volume was more than we wanted.

ASKJ 12/26 Cup hdl 5.36 +0.46 2.89 6 1.3M 305K 4.44
Current. Another nice move on continued solid volume.

AVP 02/01 Put 50 +0.84 50.45 46.75 1.4M 1.5M 51.45
New.

BRCM 01/02 Test 50 13.54 +0.91 16.85 20.45 23M 12M 17.45
Current.

BRCM 08/17 CCall 13.54 +0.91 19.2 19.8 23M 9M 17.25
Current. After a rough week where BRCM lost its CEO and tanked, Friday saw a high volume rebound back toward support @ 14. It will be critical for BRCM to move back over this level this week critical for BRCM to move back over this level this week.

BRKL 01/10 Cup hdl 12.62 +0.1 12.74 15.25 191K 365K 12.08
Buy Not Issued.

BRL 01/27 Test BO 79.05 +0.05 78.58 90 549K 875K 75.94
Current.

BSX 10/19 Test BO 40.45 +0.7 37.75 45.75 3M 3.3M 43.65
Exited.

BVF 01/25 Put 29.05 +0.68 28.85 25.55 377K 1M 29.65
Current.

CAH 01/30 Put 58.33 +1.46 56.68 52.55 2.3M 2.8M 58.25
Buy Not Hit.

CAKE 01/21 Put 31.8 +0.56 31.25 28 691K 800K 32.45
Buy Not Issued.

CFC 01/13 Cup hdl 55.16 +0.61 55.85 63.25 1.1M 1.6M 52.35
Buy Not Issued.

CHS 01/25 Put 18.21 +0.23 17.79 14.51 1.6M 1.2M 18.78
Current.

CKFR 01/28 Cup hdl 19.23 +0.36 20.85 25 1.1M 2M 18.94
Buy Not Hit.

COH 01/02 A Wedge 31.95 -0.27 34.11 40.94 703K 1.3M 31.72
Current. Holding the 50 day MVA as it continues to move laterally at that point.

CURE 12/30 Cup hdl 19.2 +0.45 18.22 21.85 287K 176K 17.35
Current. Nice recovery after the attempt at reversing Thursday.

CVD 12/21 Cup hdl 26.98 +0.78 24.75 29.74 401K 581K 24.25
Current. Another good move Friday to continue the good move for the week.

CVD 11/05 Test BO 26.98 +0.78 23.65 28 401K 581K 24.88
Current.

CVH 01/25 Put 27.75 +0.72 27.95 24.25 565K 600K 29.15
Current. Rallied up Friday to test the 10 day MVA as it continues its downtrend.

DAKT 01/10 Test BO 15.24 +0.47 15.25 18.28 108K 150K 14.02
Current.

DRL 01/21 Cup hdl 29.85 +0.89 30.41 36.52 279K 446K 28.28
Buy Not Hit.

DTAS 01/14 Cup hdl 4.05 -0.15 4.33 5.51 269K 200K 3.94
Buy Not Hit. Good move Friday, but took a rest Friday on some lower volume.

EASI 01/15 A Wedge 37 +0.11 38.15 45.88 116K 300K 36.45
Buy Not Issued.

ERES 01/30 Cup hdl 18.08 +0.04 18.72 22.45 135K 436K 17.41
Buy Not Hit.

EXPE 11/30 A Wedge 59.95 +0.12 78.25 88 2.2M 3.2M 72.77
Current.

FBC 02/01 Cup hdl 23.08 -0.13 23.85 26.85 120K 199K 22.38
New.

FBC 01/07 Cup hdl 23.08 -0.13 23.35 26.85 120K 199K 22.15
Current.

FIC 12/26 DB hdl 49.75 +1.59 44.51 51.45 593K 575K 46
Current. Rallied higher again Friday on the way to the next target.

FO 02/01 Put 44.07 +1.25 43.92 40 774K 936K 45.05
New.

FRX 01/09 Cup hdl 51.75 +0.81 55.03 66 3.3M 2.8M 51.18
Current. Good recovery back over the 50 day MVA on some rising though still below average volume.

FRX 10/29 Test BO 51.75 +0.81 49.78 57.55 3.3M 3.1M 49.88
Current.

GG 01/18 A Wedge 12.2 -0.18 13.68 16.45 1.6M 2.9M 12.72
Buy Not Hit.

HIG 01/30 Put 41.68 -0.07 41.62 37.85 2.4M 2M 42.75
Current. Gapped lower and then recovered most of the loss, but still in the downtrend.

IGT 01/18 Cup 78.87 +0.88 78.42 90 905K 1.4M 76.94
Current.

KLAC 01/30 Put 32.64 -1.11 31.55 28.75 20M 15M 33.25
Current. Big gap down on the AMAT news but managed to recover on the session, but a heavy gap below support at 34.

KRON 01/27 Put 37.26 +0.29 39.24 35.88 158K 325K 40.75
Buy Not Hit. Looking for a rally up toward 38 to 39 and then a fall.

LCI 02/01 PreSplt 20.52 +0.82 20.75 24.65 134K 115K 19.35
New.

LEH 01/27 Put 54.53 +0.75 55.45 51.75 2.1M 2.8M 56.55
Buy Not Hit.

LUV 01/23 Put 13.05 -0.05 13.65 11.51 2M 3M 13.85
Current. Reversed Thursday and was falling Friday but then recovered most of the loss.

MVL 01/28 BO 11.08 -0.01 11.24 13.48 770K 677K 10.45
Buy Not Hit. Holding at the high.

MYL 01/22 Test BO 26.72 +0.72 26.57 31.88 1.2M 1.2M 25.25
Current.

N 01/23 Cup hdl 22.38 +0.17 23.21 27.75 655K 1M 21.59
Buy Not Hit.

ODSY 02/01 PreSplt 34.4 +0.04 35.12 39 218K 225K 33.94
New.

OTEX 01/25 BO 27 -0.05 28.09 33.94 146K 345K 26.25
Buy Not Issued.

OVRL 01/06 Cup hdl 15.73 +0.42 16.81 20.25 132K 105K 15.63
Buy Not Hit.

PENN 12/14 Put 16.3 +0.25 16.55 14 334K 300K 17.08
Current. Still won't break 16, and getting ready to close it out.

PSUN 12/05 BO 18.2 -0.19 18.7 22.01 1M 1.5M 17.95
Current. Holding at the 50 day MVA all last week.

QCOM 12/21 Test 50 37.66 +0.12 39.15 48 14M 18M 36.41
Buy Not Issued.

QCOM 12/04 Test 18 37.66 +0.12 40.85 50 14M 18M 37
Current. Still in the range from 36 to 40 as it bases after the December high.

QCOM 11/07 Test BO 37.66 +0.12 34.78 42 14M 18M 37
Current.

QLGC 11/07 Test BO 33.28 -2.07 41.4 50 19M 25M 39.88
Major gap below support at 35. The gap did not give us much to work with and we will try to get a test of 35 to sell some calls if it stall there. We sold the $37.50 before, so we can sell the 35 calls this time but would prefer the 37.50 if the stock can rally. Or we can sell at 35 and wait for it to recover and try again.

QSII 01/30 BO 24.95 +0.06 24.5 29 71K 55K 23.35
Current. Took a breather after the big Thursday move.

RARE 12/16 A Wedge 28.5 +0.45 28.22 33.85 129K 355K 27.65
Current. Recovering off the 50 day MVA but not gathering much volume as it does.

RE 01/25 Put 50.47 +1.13 50.15 44.45 338K 650K 52.15
Current.

RHD 11/30 Cup hdl 31.29 +0.89 30.17 25.94 130K 267K 30.04
Current.

RINO 01/23 Put 15.09 -0.01 15.1 13.51 164K 375K 16.05
Current. Working lower still down the 10 day MVA.

RMD 01/24 A Wedge 33.15 +0.7 34.55 40.35 191K 230K 32.18
Buy Not Hit.

ROK 01/09 Cup hdl 23.05 +0.85 22.35 26.85 1.6M 1M 21.85
Current. Continues the nice move up off of the 50 day MVA, showing very good volume Friday.

ROL 02/01 PreSplt 29.29 +0.72 29.45 33.75 74K 85K 27.39
New.

SCSS 01/22 Test BO 11.9 +0.3 11.71 14.68 456K 700K 10.85
Current. Moved up again Friday to another multi-year high.

SINA 12/31 Test BO 7.85 +0.74 6.25 10 2.9M 950K 8.25
Current. Still testing 7 on the lows but holding the 18 day MVA on the close. This is where it needs to hold and bounce.

SINA 12/04 Test BO 7.85 +0.74 5.58 10 2.9M 950K 8.85
Current.

SOHU 01/03 BO 8.67 +0.25 7.96 10.35 489K 800K 8.94
Current. Held 8 on the low and bounced back up. 8 represents some support that SOHU has been using.

STN 01/04 Rv H&S 18.19 +0.36 19.05 22.86 496K 600K 17.72
Buy Not Hit.

SYMC 01/09 Test 50 46.68 +0.3 46.3 51 3.9M 4.1M 43.96
Current. Held the 18 day MVA and rallied up on some stronger, above average volume.

TARO 01/18 Put 35.15 +0.98 34.79 31.05 292K 375K 35.65
Current. Bounced up to the 50 day MVA on some rising though still below average volume. Needs to fail here.

TRB 01/14 Cup hdl 48.4 -0.1 49.05 58.25 1.8M 1.3M 46.38
Buy Not Issued.

TSCO 10/16 Test BO 36.91 -0.16 39.05 46.85 262K 235K 39.84
Current. Showed a doji at some support, so looking for a bounce up to the 50 day MVA at 40.

UCBH 01/28 Put 42.9 +0.65 42.45 40 163K 1.7M 43.25
Current. Rallied back up to the 50 day MVA on the close, trying the short term MVA on the high and falling back. Needs to fail here.

VAR 12/18 Rv H&S 52.26 +0.37 50.25 58 386K 700K 49.15
Current. Scratched out a bit more of a gain but no volume.

WB 01/29 Put 35.97 +0.82 35.28 32.05 3.4M 3.5M 36.05
Buy Not Hit. Bounced up to the 200 day MVA on the close on rising volume. Will see if it fails here for a good put play.

WFMI 12/14 Test BO 50.82 +1.01 53.65 64 627K 975K 49.65
Current.

WFMI 10/28 Cup hdl 50.82 +1.01 50.11 57.51 627K 975K 49.65
Current.

WFR 01/28 Cup hdl 8.09 +0.11 9.35 11.25 111K 217K 8.65
Buy Not Hit. Holding the 50 day MVA after turning over Thursday.

WFSL 01/28 Put 24.4 +0.73 23.96 21.51 332K 301K 24.65
Current. Big bounce up to the 50 day MVA on rising volume. Needs to fail here on this test of the moving averages.

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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