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us stock market, stock split
Begin Part 3 of 3
PRE-ANNOUNCEMENT PLAYS
Continued:
Play Date: 03/13/2003
BSX (Boston Scientific--$43.55; -0.5; optionable): Forecast to announce a split on 5-6-03 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 8-27-98 at a stock price of $40. The annual shareholder meeting was on 5-7-02. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/b/bsx.html
STATUS: Cup. Took a rest Friday after Thursday's strong move off the 50 day MVA (42.25) Friday on above average volume. BSX continues to work through its 2-month base that follows after a strong move up from the September lows. It may take another session or two to consolidate, but we are looking to enter on a move over the February high.
Volume: 1.73M Avg Volume: 2.275M
BUY POINT: $44.55 Volume=3.4M Target=$50.55 Stop=$41.65
POSITION: BSX HV - Aug. $42.50c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/bsx.html
Play Date: 02/15/2003
CECO (Career Education--$48; +0.46; optionable): Education and training. Forecast to announce a split on 4-8-03 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 4-31-01 in conjunction with earnings. The stock price was $61. The annual shareholder meeting was on 5-11-02 at which time authorized shares were increased. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/c/ceco.html
STATUS: Cup w/handle. Good move up to the breakout point Friday as volume moved up and CECO moved somewhat counter-market. The stock is continuing to work toward a breakout from its 2.5 month base. We just remain patient on this one.
Volume: 724.323K Avg Volume: 698.5K
BUY POINT: $48.07 Volume=1.4M Target=$54 Stop=$45.74
POSITION: CUY TI - July $45c (58 delta, low OI) and/or Stock
http://www.investmenthouse.com/cs/ceco.html
Play Date: 03/08/2003
EBAY (Ebay--$83.91; +1; optionable): Internet auctions, sales. Forecast to announce a split April 22 after the market close in conjunction with earnings.
BACKGROUND: EBAY announced a 3:1 stock split 1-26-99 and then a 2:1 stock split in April 2000 at a stock price of $140.
http://biz.yahoo.com/p/e/ebay.html
STATUS: New high breakout. Still moving higher on above average volume. Good opening move, and we will look for a test as the next entry point.
Volume: 7.616M Avg Volume: 5.202M
BUY POINT: No new positions now until get a test back (orig. $80.08) Volume=8M Target=$92 Stop=$77.04
POSITION: QXB GP - July $80c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/ebay.html
Play Date: 02/20/2003
FCN (FTI Consulting--$42.45; -1.1; optionable): Management services. Looking for a split announcement in early May.
BACKGROUND: Last split 2:1 on 1-17-2002.
http://biz.yahoo.com/p/f/fcn.html
STATUS: Ascending triangle. Looked really good, building for a move higher but then dumped lower Friday on strong, above average volume. Managed to hold above the 50 day MVA on the close (41.98), so we will see if it can rebuild. It is still in the base; the dip lower did not change that. It just put a breakout further off. Outstanding 6 to 0 accumulation in the base.
Volume: 542.3K Avg Volume: 232.136K
BUY POINT: $44.05 (orig. $42.96) Volume=400K Target=$48.38 Stop=$40.15
POSITION: FCN FH - June $40c (66 delta, low OI) &/or Stock
http://www.investmenthouse.com/cs/fcn.html
IGT (International Game Technology--$78.98; +3.15; optionable): Forecast to announce a split on 4-22-03 during the market in conjunction with earnings.
BACKGROUND: Based upon our research it does not appear that IGT has ever split its stock. The annual shareholder meeting was on 3-4-02 at which time no additional shares were authorized. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/i/igt.html
STATUS: Rolling. Strong move up Thursday on rising though still below average volume gave way to some lighter volume selling Friday as the market took the day off. Still working through a 3.5 month base, forming a good pattern while the market sold off. Letting it work through the pattern and give us the breakout.
Volume: 1.146M Avg Volume: 1.051M
BUY POINT: $80.06 Volume=1.2M Target=$88 Stop=$77.74
POSITION: IGT GO - July $75c (63 delta) &/or Stock
http://www.investmenthouse.com/cs/igt.html
Play Date: 03/11/2003
SYK (Stryker--$67.25; +0.75; optionable): Medical instruments. Working on a date for SYK
BACKGROUND: Last split 2:1 5/15/2000. Price at the time of announcement was $60.
http://biz.yahoo.com/p/s/syk.html
STATUS: Cup. Gapped higher Friday on rising, above average volume, SYK ran up to 68.20 on the high but gave that run after the gap higher back. Still managed a solid session after jumping up on lower voume Thursday. The doji indicates that SYK may edge back to near 66.50 or so and then start up again. Solid accumulation at 2 up weeks on rising volume to 0 down weeks on rising volume. Money flow continues to run higher ahead of price. After a test lower early this week SYK could be a good entry point on a move back up.
Volume: 1.022M Avg Volume: 685.318K
BUY POINT: Test toward 66.50, then 66.75 on the move back up (orig. $65.55) Volume=800K Target=$73.75 Stop=$63.94
POSITION: SYK IM - Sept. $65c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/syk.html
Play Date: 02/25/2003
TTC (Toro--$68.75; -0.2; optionable): Motorized farm and home tools. Just announced earnings and looking trying to pinpoint a date. Announcements sometimes come after successful earnings reports, and TTC had a good one.
http://biz.yahoo.com/p/t/ttc.html
STATUS: Testing the breakout. Continues to move laterally over the 10 day MVA (68.34) on continued below average volume. A very nice lateral move, we are waiting for the next breakout on volume to start the next leg.
Volume: 77.1K Avg Volume: 88.636K
BUY POINT: New: $69.55 (orig. $68.85) Volume=137K Target=$76.55 Stop=$65.35
POSITION: TTC FM - June $65c (72 delta, low OI) &/or Stock
http://www.investmenthouse.com/cs/ttc.html
PRE-SPLIT PLAYS:
Play Date: 01/27/2003
BRL (Barr Labs--$75.95; +1.4; optionable): Generic drugs
http://biz.yahoo.com/p/b/brl.html
STATUS: Testing the 50 day MVA. Up off the 50 day MVA yet again on rising volume once again. Nothing huge volume wise, but making the move we wanted to see. Still upside room here.
Volume: 644.2K Avg Volume: 638.454K
BUY POINT: New: $76.25 (orig. $75.05) Volume=875K Target=$82 Stop=$72.34
POSITION: BRL EO - May $75c (66 delta) and/or Stock
http://www.investmenthouse.com/cs/brl.html
Play Date: 03/01/2003
XTO (XTO Energy--$25.03; +0.07; optionable): Independent oil and gas. Splits 4:3 on 3-19-03
http://biz.yahoo.com/p/x/xto.html
STATUS: Testing the 50 day MVA (24.75). XTO has dropped all the way to the 50 day, undercutting it on the Friday low but then rallying back on rising, above average volume. This is exactly the type of signal we look for on a pre-split play. We will look to pick it up on the bounce higher to catch a run into and maybe through the near term split.
Volume: 1.106M Avg Volume: 817.136K
BUY POINT: $25.55 Volume=1.2M Target=$28.75 Stop=$24.33
POSITION: XTO EX - May $22.50c (91 delta) &/or Stock
http://www.investmenthouse.com/cs/xto.html
POST-SPLIT PLAYS:
New:
Play Date: 03/15/2003
PSUN (Pacific Sunwear--$19.72; +0.72; optionable): Apparel
http://biz.yahoo.com/p/p/psun.html
STATUS: Cup w/handle. A nice, neat 7-week base that started forming two weeks after the split, showing outstanding accumulation at 3 up weeks on rising volume to 0 down weeks on rising volume. PSUN started the breakout Friday on a second day of strong, above average volume. Very strong action and we are willing to take positions from here as it has just started the move.
Volume: 2.018M Avg Volume: 1.091M
BUY POINT: $20.21 Volume=1.6M Target=$24.25 Stop=$18.65
POSITION: PVQ FW - June $17.50c (77 delta, low OI) &/or Stock
http://www.investmenthouse.com/cs/psun.html
Continued:
Play Date: 03/08/2003
ANPI (Angiotech Pharmaceutical--$21.12; +0.62; optionable): Drug manufacturer
http://biz.yahoo.com/p/a/anpi.html
STATUS: Breakout. Another nice post-split move by ANPI, this time hanging onto most of the gain. A bit far to chase right now, it will need a pullback for new positions.
Volume: 191.882K Avg Volume: 222.227K
BUY POINT: $20.74 Volume=156K Target=$24 Stop=$19.88
POSITION: AUJ FD - June $20c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/anpi.html
Play Date: 03/04/2003
GSOF (Group 1 Software--$16.4; -0.17; no options): Application software
http://biz.yahoo.com/p/g/gsof.html
STATUS: Cup w/handle. Not jumping higher in the Thursday action, GSOF continued to work on the handle its 2.5 month base. Accumulation remains strong and money flow is still rising ahead of the stock price. A huge volume spike Thursday indicated that there is still ongoing accumulation, and we will patiently wait for a breakout.
Volume: 99.24K Avg Volume: 104.227K
BUY POINT: $17.05 Volume=164K Target=$20.55 Stop=$15.86
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/gsof.html
Play Date: 03/04/2003
UOPX (University of Phoenix Online--$38.89; -0.87; optionable): Internet education
http://biz.yahoo.com/p/u/uopx.html
STATUS: Cup w/handle. Tried the breakout Thursday on a good shot of volume, but then reversed Friday on even stronger, above average volume. It tapped the 10 day MVA on the low (38.20) and bounced back some from that low. It may test back to 38 again as the market consolidates the next few sessions; after the higher volume selling UOPX will need that. Then if it starts back up on rising volume that will be the entry point. Accumulation at 2 up weeks on rising volume to 0 down weeks on rising volume. Earnings are released on 3-25.
Volume: 272.909K Avg Volume: 205.636K
BUY POINT: New: Test of 38, then 38.45 on rising volume (orig. $37.96) Volume=300K Target=$43.75 Stop=$35.32
POSITION: UBY FG - June $35c (68 delta) and/or Stock
http://www.investmenthouse.com/cs/uopx.html
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ADI 03/15 Cup 28.76 -0.35 29.65 34 4M 4.5M 27.57
New.
ADVP 03/04 Cup hdl 28.84 +0.21 28.55 32.84 1.3M 1.8M 26.55
Current. Still looking solid and still a buy on a further volume move.
ALN 11/09 Test BO 10 -3.58 7.28 14 4.6M 200K 12.45
Exited.
AMZN 01/09 Test 50 24.71 +0.29 23.15 29.95 8.9M 13M 21.65
Current. Another solid move, rising on volume in a market taking a breather.
AMZN 10/21 Cup hdl 24.71 +0.29 20.32 24.38 8.9M 10M 22.68
Current.
ANPI 03/08 PreSplt 21.12 +0.62 20.16 22.93 192K 156K 18.75
Buy Not Hit.
APOL 02/18 A Wedge 47.84 -0.17 46.25 52.88 2.2M 22M 44.25
Current. Took a breather on lower volume after a solid move off the 18 day MVA.
ARRO 02/15 Test 50 41.95 +0.25 42.12 48.42 27K 55K 39.65
Buy Not Issued. Massing for the breakout, starting off the 18 day MVA on rising, average volume.
AVCT 02/13 Test BO 26.03 -2.95 28.45 31.15 3.7M 725K 25.94
Current. Thudded to the 50 day MVA on a massive reversal on volume after a strong upside move Thursday on strong volume.
BCGI 02/22 Cup 14.27 +0.17 13.95 16.65 406K 215K 12.97
Current. Took a breather on lower though still strong volume after the blast off Thursday.
BRL 01/27 Test 18 75.95 +1.4 77.78 88 644K 875K 72.34
Not bad volume moving into a split.
BSX 03/13 Cup 43.55 -0.5 44.55 50.55 1.7M 3.4M 41.65
Buy Not Hit. Took a breather on lower, below average volume.
CCU 02/24 Put 35.15 +0.14 35.77 31.75 3.1M 4.8M 37.15
Buy Not Issued. Doji right at the 18 day MVA on lower volume. Volume was not very good on the way back up.
CECO 02/15 Cup hdl 48 +0.46 48.07 54 724K 1.4M 45.74
Buy Not Hit. Straining for a breakout.
CGNX 02/04 DB hdl 23.18 +0.59 23.09 26.88 555K 525K 21.47
Buy Not Issued. Good volume Friday and hit the buy point, but it closed well
off the high. We were looking at it at the close & probably should have moved in. Still looks good.
COH 02/25 Flat 36.98 -0.35 35.5 41.25 1.5M 1.3M 34.74
Current. Testing back on lighter though still above average volume after the strong move up the 10 day MVA.
DAKT 02/24 Test BO 15.19 -0.71 16.12 19.35 199K 227K 15.45
Exited.
DNEX 02/27 BO 32.5 -0.44 33.55 38.58 47K 150K 31.94
Buy Not Issued.
EBAY 03/08 BO 83.91 +1 80.08 92 7.6M 8M 77.04
Current. Rallied again Friday on continued above average volume.
ELAB 03/06 Cup hdl 24.29 +0.29 24.06 28.88 404K 325K 22.38
Buy Not Issued. Trying to make the move but Thursday it gave most of it back and Friday it was pensive. Still looks ready.
ERES 01/30 Cup hdl 24.44 -0.31 21.55 24.45 206K 436K 21.48
Current. Testing back after the good move on some lower, below average volume.
EXPD 02/24 Cup 34.74 +0.49 34.25 39.49 1.1M 1.1M 33.15
Current. Righting itself, continuing the move off the 50 day MVA on above average volume.
EXPE 03/05 Cup 37.14 -0.13 34.35 39 2.9M 2.5M 34.55
Current.
EXPE 02/22 PreSplt 37.14 -0.13 33.98 38.22 2.9M 3M 32.25
Current. Took a day off on a big volume drop after Thursday strong move.
EXPE 11/30 A Wedge 37.14 -0.13 39.12 44 2.9M 3.2M 34.55
Current.
FBC 02/01 Cup hdl 24.4 -0.57 23.85 26.85 96K 199K 22.38
Buy Not Issued.
FBC 01/07 Cup hdl 24.4 -0.57 23.35 26.85 96K 199K 23.74
Current. Still gyrating at the 18 day MVA.
FCN 02/20 A Wedge 42.45 -1.1 43.6 49.35 542K 400K 42.55
Current. Ugly move, falling to close just above the 50 day MVA on a sharp rise in volume.
GSOF 03/04 Cup hdl 16.4 -0.17 17.05 20.55 99K 164K 15.86
Buy Not Hit.
ICST 03/05 DB hdl 23.69 -0.22 23.65 27 1.3M 2M 21.99
Buy Not Issued. Not getting any volume as it moved up. Friday it tread water. Maybe it will get some volume on the next breakout test.
IGT 03/13 Flat 78.01 -0.97 80.06 88 1M 1.2M 77.74
Buy Not Hit.
IMCL 03/01 Test BO 14.99 -0.2 14.6 16.72 1M 2M 14.05
Current. Still working laterally at the 10 day MVA on very low, below average volume. Very nice test.
JEC 03/05 Cup hdl 40.05 +1.55 38.75 44.55 864K 374K 36.55
Buy Not Hit. Blasted off on huge volume.
LLTC 03/01 BO 32.58 +0.23 32.3 37.26 8.2M 7M 29.88
Current. Tried to extend the move, and not a bad day given the market.
MACR 03/05 Test 18 15.03 +0.24 15.35 18 1.2M 800K 14.28
Buy Not Hit.
MVL 03/03 BO 12.97 +0.17 11.82 14.25 600K 675K 11.15
Current. Edged higher Friday and got much better volume. Needs to clear 13 on strong trade.
MXIM 03/13 BO 37.53 -0.68 38.55 44.55 13M 10M 35.85
Buy Not Issued. Took a rest after the strong Thursday move. This is what it needs for another session or two, and then a big move higher.
NDC 03/08 Saucer 21.98 -0.27 22.22 25 293K 300K 20.66
Buy Not Issued. Still holding the pattern very nicely.
NSM 03/15 Test BO 17.85 -0.6 18.28 21.45 2.3M 3M 16.94
New.
PRX 03/12 Test 18 38 +0.6 37.05 42.94 357K 700K 35.25
Buy Not Issued. Needs to get some volume on the break higher after a decent test and move off the 18 day MVA.
PSUN 03/15 Cup 19.72 +0.72 20.21 24.25 2M 1.6M 18.65
New.
QCOM 12/04 Test 18 37.48 -0.21 40.85 50 19M 18M 37
Current. As with most stocks, QCOM took Friday off on lower volume. Another day or two sideways and it will be a good buy over 38.
QCOM 11/07 Test BO 37.48 -0.21 34.78 42 19M 18M 37
Current.
QLGC 11/07 Test BO 38.52 -0.41 41.4 50 9.7M 25M 39.88
Current. Beautiful Thursday move, and after a bit of a rest over 37.50 QLGC could deliver a very nice upside move.
QQQ 03/15 Test 50 25.72 +0.1 25.26 28 90M 90M 23.49
New.
RNBO 02/27 DB hdl 9.4 -0.28 8.45 10.25 232K 161K 8.45
Current. Backed off on much lower volume Friday after the strong Thursday move.
SBUX 03/13 Cup hdl 24.26 +0.2 24.22 29 5.7M 5M 22.52
Buy Not Issued. Reached up over 24 but fell back. Want it to test toward 23.50 this week and then we can get it when it starts back up.
SRCL 03/08 A Wedge 35.23 +0.18 36.55 41 335K 629K 34.45
Buy Not Hit.
STN 01/04 Rv H&S 19.86 +0.38 19.05 22.86 708K 600K 18.45
Current. Continued its move higher on the breakout with much stronger, rising above average volume.
SYK 03/11 Test 50 67.25 +0.75 65.55 73.75 1M 800K 63.94
Buy Not Issued. Gapped up and rallied to 68, but gave part of it back on rising, above average volume.
TTC 02/25 Test BO 68.75 -0.2 68.85 76.55 77K 137K 65.35
Current.
UOPX 03/04 Cup hdl 38.89 -0.87 37.96 43.75 273K 300K 35.32
Buy Not Issued. Fell back to test the 10 day MVA. Volume was higher than we would like, but now perhaps it will start a strong volume move.
VAR 12/18 Rv H&S 49.22 -0.12 50.25 58 463K 700K 49.15
Current. Struggling below the 50 day MVA. It gets back over 50 early this week or we will reluctantly close it.
VIA 02/15 Put 37.03 +0.93 37.05 33.85 383K 485K 38.35
Buy Not Issued. Rallying toward teh 50 day MVA at 38 on so-so volume. Will look for it to fail at that point.
WFR 02/22 Flat 9.45 -0.05 9.35 11.25 93K 217K 8.59
Buy Not Issued. Took it easy on lower volume Friday. Looking for a test of 9 early in the week and then get some more volume on the way back up.
XLNX 03/12 Test 50 25.38 -0.12 24.24 27.45 15M 12M 22.88
Current. Nice day of rest on lower volume after a super move. Another day or so of rest and it will be ready for more.
XTO 03/01 PreSplt 25.03 +0.07 25.55 28.75 1.1M 1.2M 24.33
Buy Not Issued. Tested the 50 day MVA and rallied back. Doji with a long tail as volume moved up. Looks ready for a 50 day MVA bounce.
ZMH 02/06 DB hdl 46.69 +2.04 42.65 50.88 3M 1.6M 44.45
Current. What a shot higher, hitting 47.95 on the high before giving back $1 on the close. Super volume, big gap. Just letting it work.
ZQK 03/11 Cup 29.98 +0.7 28.55 32.85 491K 320K 26.55
Buy Not Issued. Has blasted straight up on solid volume. Going to let it come back to 29ish or a bit lower and when it rallies from there that is where we buy.
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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us stock market
stock split
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