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stock split, stock recommendation
Begin Part 2 of 2
THE PLAYS
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:
Upside:
Play Date: 03/12/2003
PRX (Pharmaceutical Resources--$36.4; -0.2; optionable): Generic drugs
http://biz.yahoo.com/p/p/prx.html
STATUS: Testing the breakout. PRX blasted off 10 sessions back on strong, above average volume. It rallied up over 39 and then came back to test the move the past three sessions. It fell to 35.60 on the low and then rallied to hold over the 18 day MVA (36.12) on the close, showing a hammer doji as it did. A leader in the market, and looking to resume the move higher with a market bounce.
Volume: 684.5K Avg Volume: 329.954K
BUY POINT: $37.05 Volume=700K Target=$42.94 Stop=$35.25
POSITION: PRX HF - Aug. $30c (65 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/prx.html
Play Date: 03/12/2003
XLNX (Xilinx--$23.35; +1.17; optionable): Semiconductors
http://biz.yahoo.com/p/x/xlnx.html
STATUS: Test 50 day MVA. This is one of those name brand stocks that has been holding its own and started to move today. During the past three weeks when the market was selling, XLNX was one of those stocks showing relative strength, moving laterally over the 50 day MVA (21.73) as volume backed off. It held on the Tuesday selling, showing a doji over the 50 day, and then it blasted higher Wednesday on a huge volume shot. Relative strength has broken out with the move and we are looking to get onboard with the move.
Volume: 15.42M Avg Volume: 9.383M
BUY POINT: $23.55 Volume=12M Target=$26.94 Stop=$21.88
POSITION: XLQ FX - June $22.50c (61 delta) &/or Stock
http://www.investmenthouse.com/cs/xlnx.html
CONTINUING LEADER PLAYS
Upside:
Play Date: 03/01/2003
IMCL (Imclone--$14.87; +0.05; optionable): Biotechnology
http://biz.yahoo.com/p/i/imcl.html
STATUS: Testing the breakout. IMCL edged back a bit more on the test, but managed to hold the 10 day MVA on the close (14.70). Volume backed off on the test, coming in below average. Nice test, and now IMCL needs to continue the move.
Volume: 1.402M Avg Volume: 1.685M
BUY POINT: New: 15.25 (orig. $14.60) Volume=2M Target=$16.72 Stop=$14.05
POSITION: QCI HV - Aug. $12.50c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/imcl.html
Play Date: 02/22/2003
WFR (Memc Electronic--$9.15; +0.06; no options): Semiconductor, integrated circuits
http://biz.yahoo.com/p/w/wfr.html
STATUS: Flat/Cup w/handle. Rising up toward the breakout point though volume remained low the past two sessions. On the verge of the breakout and in a sector that has held up well during the selling, we are looking for a volume breakout.
Volume: 92K Avg Volume: 128.727K
BUY POINT: $9.35 Volume=217K Target=$11.25 Stop=$8.59
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/wfr.html
POST-SPLIT PLAYS:
Play Date: 03/05/2003
EXPE (Expedia--$34; +0.22; optionable): Internet travel
http://biz.yahoo.com/p/e/expe.html
STATUS: Pre-split. Not bad. EXPE held the 18 day MVA (33.58) Tuesday, and then used that Wednesday to start a move higher. Volume remained above average and rose even further on the move. It stalled after hitting 34.53, moving back to close at the 10 day MVA. Still looks good, and given that this stock can run like the wind we are ready to move in.
Volume: 4.309M Avg Volume: 4.152M
BUY POINT: $34.35 Volume=2.5M Target=$39 Stop=$31.95
POSITION: UED GZ - July $32.50c (55 delta) and/or Stock
http://www.investmenthouse.com/cs/expe.html
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAII 02/25 PreSplt 10.9 -2.14 22.05 25.94 1.9M 372K 20.51
Buy Not Issued.
ADVP 03/04 Cup hdl 27.8 +0.12 28.55 32.84 1M 1.8M 26.55
Buy Not Hit.
AIG 02/20 Put 44.7 +0.23 49.48 46 13M 6M 51.25
Buy Not Issued.
ALN 01/18 Test BO 12.94 +0.14 13.41 16.85 696K 450K 12.25
Buy Not Issued.
ALN 11/09 Test BO 12.94 +0.14 7.28 14 696K 200K 12.45
Current.
AMZN 01/09 Test 50 23.36 +0.58 23.15 29.95 5.6M 13M 21.65
Current.
AMZN 10/21 Cup hdl 23.36 +0.58 20.32 24.38 5.6M 10M 20.75
Current.
ANPI 03/08 PreSplt 39.8 -0.02 40.33 45.85 79K 156K 37.96
Buy Not Hit.
APOL 02/18 A Wedge 46.34 +0.21 46.25 52.88 1.5M 22M 44.25
Current.
ARRO 02/15 Test 50 41.87 +0.26 42.12 48.42 19K 55K 39.65
Buy Not Issued.
AVCT 02/13 Test BO 27.39 +0.16 28.45 31.15 650K 725K 26.46
Current.
BRL 01/27 Test 18 73.88 +0.49 77.78 88 326K 875K 72.34
CCU 02/24 Put 32.59 +0.24 35.77 31.75 4.1M 4.8M 37.15
Buy Not Issued.
CECO 02/15 Cup hdl 46.21 -0.47 48.07 54 400K 1.4M 45.74
Buy Not Hit.
CGNX 02/04 DB hdl 22.05 +0.05 23.09 26.88 233K 525K 21.47
Buy Not Issued.
COH 02/25 Flat 36.86 +0.7 35.5 41.25 1.8M 1.3M 33.72
Current.
COO 02/22 Cup 27.44 -1.3 28.55 32.75 1.2M 706K 26.55
Buy Not Issued.
CTSH 03/06 PreSplt 65.74 -1.74 70.62 79 1M 1M 67.75
Buy Not Hit.
DAKT 02/24 Test BO 16.23 -0.6 16.12 19.35 168K 227K 15.45
Current.
DNEX 02/27 BO 32.81 +0.26 33.55 38.58 75K 150K 31.94
Buy Not Issued.
EBAY 03/08 BO 79.06 +0.19 80.08 92 5.9M 8M 77.04
Buy Not Hit.
ELAB 03/06 Cup hdl 23.61 +0.09 24.06 28.88 157K 325K 22.38
Buy Not Hit.
ERES 01/30 Cup hdl 24.5 +0.23 21.55 24.45 429K 436K 21.48
Current.
ESI 03/11 Put 24.13 +0.23 23.77 21.65 484K 400K 25.15
Buy Not Hit.
EXPD 02/24 Cup 33.42 +0.15 34.25 39.49 945K 1.1M 33.15
Current.
EXPE 03/05 Cup 34 +0.22 34.35 39 4.3M 2.5M 31.95
Buy Not Hit.
EXPE 02/22 PreSplt 34 +0.22 33.98 38.22 4.3M 3M 32.25
Current.
EXPE 11/30 A Wedge 34 +0.22 39.12 44 4.3M 3.2M 32.25
Current.
FBC 02/01 Cup hdl 24.39 -0.06 23.85 26.85 89K 199K 22.38
Buy Not Issued.
FBC 01/07 Cup hdl 24.39 -0.06 23.35 26.85 89K 199K 23.74
Current.
FCN 02/20 A Wedge 43.38 -0.35 43.6 49.35 166K 400K 42.55
Current.
GSOF 03/04 Cup hdl 16.25 +0.15 17.05 20.55 23K 164K 15.86
Buy Not Hit.
HPQ 03/01 Put 15.57 +0.16 15.62 13 8.5M 14M 16.32
Buy Not Issued.
ICST 03/05 DB hdl 22.32 +0.48 23.65 27 1.1M 2M 21.99
Buy Not Issued.
IMCL 03/01 Test BO 14.87 +0.05 14.6 16.72 1.4M 2M 14.05
Current.
IMDC 03/11 Test BO 31.9 -1.45 34.06 39.75 940K 249K 31.68
Buy Not Hit.
JDEC 02/22 Put 11.25 -0.03 11.6 9 345K 1.5M 12.18
Buy Not Issued.
JEC 03/05 Cup hdl 37.96 +0.61 38.75 44.55 315K 374K 36.55
Buy Not Hit.
LGTO 02/22 A Wedge 5.94 +0.1 6.42 8.25 1.3M 2M 5.88
Buy Not Hit.
LLTC 03/01 BO 29.69 +0.74 31.21 35.12 5.6M 7M 29.03
Buy Not Issued.
MACR 03/05 Test 18 14.04 -0.24 15.35 18 779K 800K 14.28
Buy Not Hit.
MVL 03/03 BO 12.21 -0.04 11.82 14.25 582K 675K 11.15
Current.
NDC 03/08 Saucer 21.84 +0.08 22.22 25 166K 300K 20.66
Buy Not Hit.
PRX 03/12 Test 18 36.4 -0.2 37.05 42.94 684K 700K 35.25
New.
QCOM 12/04 Test 18 35.12 +0.64 40.85 50 12M 18M 37
Current.
QCOM 11/07 Test BO 35.12 +0.64 34.78 42 12M 18M 37
Current.
QLGC 11/07 Test BO 36.42 +1.11 41.4 50 8.3M 25M 39.88
RNBO 02/27 DB hdl 8.98 -0.02 8.45 10.25 345K 161K 8.15
Current.
SBL 02/26 Test BO 9.6 -0.17 10.45 12.25 5.8M 2M 9.72
Exited.
SRCL 03/08 A Wedge 34.53 -0.33 36.55 41 182K 629K 34.45
Buy Not Hit.
STN 01/04 Rv H&S 18.99 -0.16 19.05 22.86 312K 600K 17.72
Current.
SYK 03/11 Test 50 64.81 -0.11 65.55 73.75 766K 800K 63.94
Buy Not Hit.
TTC 02/25 Test BO 67.99 +0.14 68.85 76.55 71K 137K 65.35
Current.
UOPX 03/04 Cup hdl 38.79 +0.07 37.96 43.75 88K 300K 35.32
Buy Not Issued.
VAR 12/18 Rv H&S 49.23 -0.19 50.25 58 639K 700K 49.15
Current.
VIA 02/15 Put 33.62 -0.67 37.05 33.85 418K 485K 38.35
Buy Not Issued.
WFR 02/22 Flat 9.15 +0.06 9.35 11.25 92K 217K 8.59
Buy Not Hit.
XLNX 03/12 Test 50 23.35 +1.17 23.55 26.94 15M 12M 21.88
New.
XTO 03/01 PreSplt 25.39 -0.61 25.55 28.75 984K 1.2M 24.33
Buy Not Issued.
ZMH 02/06 DB hdl 44 +0.23 42.65 50.88 1.2M 1.6M 43.45
Current.
ZQK 03/11 Cup 28.35 +0.12 28.55 32.85 456K 320K 26.55
Buy Not Hit.
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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stock split
stock recommendation
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