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us stock market, stock split
Begin Part 3 of 3
PRE-ANNOUNCEMENT PLAYS
TTC announced its split!
Play Date: 03/13/2003
BSX (Boston Scientific--$47.4; +0.58; 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. BSX is not coming back to test the move, instead plowing higher Friday when it finally got a shot of above average volume. BSX is looking solid, and we will look for a test of support at 46 and a strong move up off of that level.
Volume: 3.005M Avg Volume: 2.335M
BUY POINT: New: Test of 46, then $46.75 (top of handle); orig. $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--$51.01; +0.8; 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. Continues to rally higher up off the 10 day MVA after testing that lvel Wednesday. Not Volume finally moved above average Friday on that move, but it was not present before then. It is a bit extended to move into so we are still looking for a test and bounce before taking new positions. CECO simply did not show good volume action as it started the move up and we would prefer to stick with stocks that break higher on volume. Waiting for a pullback for an entry point.
Volume: 863.453K Avg Volume: 685.363K
BUY POINT: New: no new positions until CECO tests this move (orig. $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--$89.79; +0.64; 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. Showed a doji after the strong move the past seven sessions as EBAY rallied hard on continued above average volume. The doji indicates that EBAY may be topping out here and coming back for a test of the strong move. That would be normal action and we want to see it on mild volume. The 10 day MVA is right at 85, and a test back toward that level is expected.
Volume: 7.485M Avg Volume: 5.516M
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: 03/13/2003
IGT (International Game Technology--$87.2; +2.29; 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. Unreal move, surging again Friday on lower though still solid above average volume. Just letting IGT work for us and it is near the initial target price on this move. If it hits the target we will take some gains on option positions, but will let the stock positions continue to work for us. We will look for the next test to provide the next entry point.
Volume: 1.423M Avg Volume: 1.092M
BUY POINT: New: Waiting for a test toward 83. (orig. $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--$70.1; +1.01; 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. After testing back to the 10 day MVA (68.15) Wednesday, SYK shot higher, gapping up again Friday on rising, above average volume. This puts SYK right back at 70 where it peaked on the original move. The stock is showing good price/volume action, and we want to see that carry it past this prior high to break it free again.
Volume: 1.094M Avg Volume: 729.863K
BUY POINT: New: Test toward 68, then 68.25 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--$72.25; +2.47; optionable): Motorized farm and home tools. Announced a 2:1 split Friday (3-21)!!
http://biz.yahoo.com/p/t/ttc.html
STATUS: Breakout. After its month-long consolidation of the February breakout, TTC announced its split and surged higher Friday on its best volume since its breakout in mid-February. This puts TTC at an all-time high, a true market leader. Now we are going to enjoy the ride some, letting it work for us some more.
Volume: 180.8K Avg Volume: 86.363K
BUY POINT: New: no new positions at this point (orig. $70.05; $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: 02/20/2003
FCN (FTI Consulting--$44.02; +0.02; optionable): Management services. Splits 3:2 on 5-7-03.
http://biz.yahoo.com/p/f/fcn.html
STATUS: Ascending triangle. FCN started moving out of its consolidation of the past three weeks, rallying Friday on much stronger, above average volume as this stock hit an all-time high on the action. It gave back a third of the move, so it was not a clean breakaway move. Still solid action and we are looking for FCN to kick off the next leg from here. Solid 10 to 6 accumulation in the bigger base. Still a buy at this point on a continued volume move.
Volume: 205.9K Avg Volume: 242.409K
BUY POINT: New: $44.88 (orig. $44.55; $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
POST-SPLIT PLAYS:
Lots of good moves from these stocks.
Play Date: 03/04/2003
GSOF (Group 1 Software--$15.55; +0.13; no options): Application software
http://biz.yahoo.com/p/g/gsof.html
STATUS: Cup w/handle. GSOF is still trying to move through a handle to its 10-week base that shows very solid 4 to 1 accumulation. It lost some of its lateral consolidation the past week, but all it did was test lower to the 50 day MVA (15) as volume dried up below average. This could be just a shakeout as we have seen from other stocks that have made the same move and then broken higher. With the solid accumulation and god money flow, we will be watching for that same action here from GSOF.
Volume: 67.3K Avg Volume: 103.636K
BUY POINT: $17.05 Volume=164K Target=$20.55 Stop=$15.86
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/gsof.html
WATCHLIST/ CONTINUING
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACTL 03/19 Test BO 18.75 +0.27 18.78 22.55 137K 359K 17.47
Buy Not Hit. One of the tecsh that sat out Friday on lower, below average volume and still setting up the base.
ADI 03/20 Cup hdl 30.63 +0.41 31.06 35.65 3.9M 4.5M 28.89
Buy Not Hit. Nice low volume lateral move, still working on the handle.
ADI 03/15 BO 30.63 +0.41 30.35 34 3.9M 4.5M 28.42
Current.
ADVP 03/04 Cup hdl 29.35 +0.06 28.55 32.84 1.5M 1.8M 27.25
Current. Working laterally over the 10 day MVA the past 3 sessions, holding its gains.
AMZN 01/09 Test 50 27.93 +0.48 23.15 29.95 11M 13M 24.65
Current. Continued the run on even stronger above average volume. Has been quite a 2 weeks. Just letting it run up the short term MVA.
AMZN 10/21 Cup hdl 27.93 +0.48 20.32 28.24 11M 10M 24.65
Current.
APOL 02/18 A Wedge 50.78 +0.73 46.25 52.88 3M 22M 47.65
Current. Still shooting higher on this move on strong volume Friday, but showing a hanging man doji. After a strong 2 weeks it needs some rest and looks ready for a pullback as it works up the short term MVA.
ARRO 02/15 Test 50 43.7 +1.06 42.25 48.42 42K 55K 39.29
Buy Not Issued. Started the breakout on some decent volume and still a buy at this point.
AVCT 02/13 Test BO 24.09 -0.89 28.45 31.15 1.2M 725K 25.94
Exited. Started to roll over and had to exit.
BCGI 02/22 Cup 16.14 +0.95 13.95 16.65 845K 215K 14.35
Current. Spectacular move on tremendous volume.
BLL 03/03 A Wedge 55.87 +1.67 54.22 62 675K 550K 52.38
Current. Continued the move up after waffling Friday. Nice volume and a strong move as the consumer stocks started back up.
BRL 01/27 Test 18 55.67 +1.86 51.88 58.78 1.1M 875K 52
Soaring on rising, average volume.
BSX 03/13 Cup 47.4 +0.58 44.55 50.55 3M 3.4M 41.65
Buy Not Issued. Edged higher without a clear breakaway move. Going to look for a test toward 46 to 45.50 to enter.
CECO 02/15 Cup hdl 51.01 +0.8 48.07 54 863K 1.4M 45.74
Buy Not Issued. Late in getting some volume. Waiting for it to provide a test toward 48 & then a move back up.
CGNX 02/04 DB hdl 24.1 -0.08 24 27.88 417K 525K 22.24
Current. Lateral move the past 4 sessions rigth on 24, a flat consolidation of the stronger move out of the pattern Monday.
CMVT 03/20 Cup hdl 12.08 +0.29 12.11 14.55 2.3M 3.5M 11.26
Buy Not Issued. Buy was hit on the early run up, but no volume and needs another day or two.
COGN 03/18 Cup 24.8 -0.2 25.55 29.88 687K 1.3M 23.76
Buy Not Hit. Still working well, moving laterall and slightly lower on lower, below average volume. Very nice looking pattern.
COH 02/25 Flat 39.93 +0.93 35.5 41.25 1M 1.3M 37.15
Current. Plowing higher again on rising volume after testing the 10 day MVA late in the week.
DCLK 03/20 A Wedge 7.69 +0.39 7.65 9.25 1.4M 1M 7.11
Current. Nice move on some nice volume, hitting the buy right before the close.
DNEX 02/27 BO 33.13 -0.1 33.55 38.58 84K 150K 31.94
Buy Not Issued. Rallied but then rolled right back over to close right at the 10 day MVA as volume moved higher. Having a hard time breaking away.
DSCM 03/19 Test BO 4.1 +0.45 3.85 4.72 745K 383K 3.58
Current. Super breakout on very strong volume.
EBAY 03/08 BO 89.79 +0.64 80.08 92 7.5M 8M 84.94
Current. Doji with a small gain after a strong run. Time for a test back toward the short term MVA.
ELAB 03/06 Cup hdl 26.51 +1.21 24.06 28.88 293K 325K 24.94
Current. Nice recovery off the 18 day MVA.
ERES 01/30 Cup hdl 25.4 -0.49 21.55 27.5 340K 436K 24.05
Current. Continuing to move up the 10 day MVA. Cannot complain about that.
EXPD 02/24 Cup 37.68 +0.58 34.25 39.49 1.7M 1.1M 35.72
Current. Thursday EXPD shot higher, and it continued the move Friday on continued rising, above average volume.
FCN 02/20 A Wedge 44.72 +0.7 43.6 49.35 418K 400K 43.25
Current. Trying to move out over 44 on a strong shot of volume.
GENZ 03/22 Cup hdl 36.39 +0.5 36.95 43.25 3.4M 5M 34.36
New.
GSOF 03/04 Cup hdl 15.55 +0.13 17.05 20.55 67K 164K 15.86
Buy Not Hit. Continues to work on the handle, holding the 50 day MVA on the lows as volume contracts to well below average.
GTRC 03/20 A Wedge 21.06 +0.56 21.25 25.24 262K 455K 19.76
Buy Not Hit. Solid move, looking for the breakout from the nice base.
HITK 03/22 Cup hdl 18.45 +0.75 19.35 23.25 164K 235K 17.94
New.
ICST 03/05 DB hdl 23.5 +0.46 23.65 27 1.8M 2M 21.99
Current. Recovering off the 50 day MVA though not attracting any volume the past two sessions as it works through a continuation of the handle.
IGT 03/13 Flat 87.2 +2.29 80.06 88 1.4M 1.2M 81.75
Current. Still blasting higher on continued above average volume.
IMCL 03/01 Test BO 16.22 -0.63 14.6 16.72 1.9M 2M 14.94
Current. Testing back to support at 16 as volume moved back up to average. Needs to hold in this general level.
JCOM 03/18 Cup 27.54 +1.29 25.7 30.38 879K 412K 25.58
Current. Another good session on even stronger volume, but closed well off the high (28.50).
JEC 03/05 Cup hdl 41.97 +0.95 39.6 45.55 848K 374K 39.12
Current. Nice recovery, gapping up and rallying on very strong, above average volume.
LLTC 03/20 Cup hdl 34.91 +0.86 34.97 40.48 8.5M 7M 32.15
Buy Not Issued. Moved higher Friday, but not a breakaway move out of the lateral consolidation.
LLTC 03/01 BO 34.91 +0.86 32.3 37.26 8.5M 7M 31.94
Current. Moved higher Friday, but not a breakaway move out of the lateral consolidation.
MVL 03/03 BO 13.4 +0.23 11.82 14.25 790K 675K 12.15
Current. Another lazy doji over the 10 day as MVL drifts higher after the test back to the 10 day MVA Wednesday.
MXIM 03/20 Cup hdl 40.45 +0.89 40.12 44.95 11M 10M 37.31
Current. Decent move up was worth some positions, but looking for more strength this week.
NSM 03/20 Cup hdl 19.11 +0.19 19.32 23 2.3M 3M 17.94
Buy Not Hit. Still working in the 4-day handle to the base, holding above the 10 day and on mostly below average volume. Nice doji action Friday.
NSM 03/15 Test BO 19.11 +0.19 18.55 21.65 2.3M 3M 17.04
Current.
ODSY 03/22 DB hdl 24.31 -0.33 25.06 28.88 278K 511K 23.31
New.
PRX 03/12 Test 18 41.71 +0.6 37.05 42.94 842K 700K 38.25
Continues higher after the Tuesday gap higher.
PSUN 03/15 Cup 20.9 +0.67 20.4 24.25 1.4M 1.6M 18.97
Current. Nice recovery off the 10 day MVA test on some rising, above average volume.
QCOM 03/19 Test BO 39.21 +0.6 39.72 45.25 15M 20M 37.05
Buy Not Hit. Gapped higher but still working laterally after the big breakout.
QCOM 12/04 Test 18 39.21 +0.6 40.85 50 15M 18M 37
Current.
QCOM 11/07 Test BO 39.21 +0.6 34.78 42 15M 18M 37
Current.
QLGC 03/15 Test BO 39.98 +0.16 38.85 45 8.3M 11M 36.13
Current. Still working laterally over the December/January down trendline.
QLGC 11/07 Test BO 39.98 +0.16 41.4 50 8.3M 25M 39.88
QQQ 03/15 Test 50 27.17 +0.37 25.26 28 93M 90M 25.65
Current. Tracked the Nasdaq of course, up, down, and back up.
RNBO 02/27 DB hdl 10.1 +0.24 8.45 10.25 285K 161K 8.94
Current. Continued the move higher on even stronger above average volume.
SBUX 03/13 Cup hdl 26.35 +1.1 24.75 29.35 6.1M 5M 24.55
Current. Another surge on strong, above average volume as SBUX got another caffeine shot.
SOHU 03/20 Dbl btm 9.55 +0.05 9.69 11.75 579K 800K 9.01
Buy Not Issued. Hit the buy point but volume was not there even though it finished slightly higher and near average. Just going to let it form up and blast higher. Looks good.
SRCL 03/08 A Wedge 39.42 +0.92 36.55 41 624K 629K 37
Buy Not Hit. Missed the 10 day MVA test on the Thursday low and it got away from us with a gap up Friday on rising volume.
STN 01/04 Rv H&S 21.62 +0.41 19.05 22.86 668K 600K 19.94
Current. Another strong volume move up above the 10 day MVA.
SYK 03/19 Test 50 70.1 +1.01 69 76.45 1.1M 800K 66.85
Current. Gapped higher and just sat right there all session as volume remained above average.
SYK 03/11 Test 50 70.1 +1.01 65.55 73.75 1.1M 800K 66.85
Current.
TTC 02/25 Test BO 72.25 +2.47 68.85 76.55 181K 137K 68.74
Current. Super breakout on outstainding volume. Just had to wait for it to finish its consolidation.
UOPX 03/04 Cup hdl 43.74 +0.69 40.75 46.62 593K 300K 39.94
Current. Still moving higher on a strong surge of volume. Volatile as the March wind, but a market leader.
UTHR 03/22 Cup hdl 17.1 +0.21 17.35 20.85 313K 210K 16.14
New.
VAR 12/18 Rv H&S 52.29 +1.9 50.25 58 1.6M 700K 50.05
Current. The struggle paid off as VAR blasted higher on a huge volume surge.
WFR 02/22 Flat 11.47 +0.31 9.35 12.75 265K 217K 9.96
Current. More upside volume flowing in, pushing WFR to a multiyear high. Moving up the target.
XLNX 03/20 Test BO 26.73 +0.08 27.55 33.15 17M 14M 25.62
Buy Not Issued.
XLNX 03/12 Test 50 26.73 +0.08 24.24 30 17M 12M 24.25
Current. Struggled some Friday as XLNX gapped higher but could not hold the move. Volume surged, but it was not the chips day yet.
ZMH 02/06 DB hdl 49.73 +1.09 42.65 50.88 1.3M 1.6M 46.35
Current. Gapped higher & held the gain as volume rallied back above average.
ZQK 03/11 Cup 32.25 +1.48 28.55 34 718K 320K 29.25
Blasting off on some massive volume. Getting a bit ahead of itself.
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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