trade stock, stock split

Begin part 2 of 2

THE PLAYS

We issue full reports Tuesday, Thursday and Saturday. Monday and Wednesday we bird dog some good plays for the next session.

Good movers Wednesday: BCR; BSC; FDRY; GPRO; UNH

NEW PLAYS:

Play Date: 05/21/2003
ABTL (Autobytel--$5.01; 0; no options): Internet car sales facilitator
http://biz.yahoo.com/p/a/abtl.html
STATUS: Testing the breakout. ABTL shot out of a 4-month flat base in March, tested the 50 day MVA (now at 4.05) and rallied up to 5. It is now testing that move, holding the 10 day MVA on the low (4.80) and trying to move higher. Tuesday it did that on stronger, above average volume, and it repeated the move Wednesday after gapping lower, but on much lighter trade. This is its first real test of the 10 day MVA after the 50 day MVA test in April, and we view that as resetting the clock on the number of runs up the short term MVA (usually 4 to 5). That makes this a good entry point on a volume break higher. During the flat base accumulation was excellent at 5 up weeks on rising volume to 1 down week on rising volume. Money flow is strong and is leading the stock price, a bullish indication for a move higher.
Volume: 147.672K Avg Volume: 247.09K
BUY POINT: $5.09 Volume=371K Target=$6.75 Stop=$4.73
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/abtl.html

CONTINUING LEADER PLAYS

Upside:

Play Date: 05/19/2003
ADPT (Adaptec--$7.18; +0.01; optionable): PC networking
http://biz.yahoo.com/p/a/adpt.html
STATUS: Testing the 18 day MVA. Very nice, tight doji Wednesday on continued below average volume as ADPT holds the 18 day MVA on a test of its base. Accumulation in the 4.5 month cup with handle base is excellent at 6 up weeks on rising volume to 2 down weeks on rising volume. Money flow is also excellent. It has given two intraday tests of 7 and rallied back. Looking for that rising volume as it moves back up through the buy point.
Volume: 428.131K Avg Volume: 661.5K
BUY POINT: $7.65 Volume=825K Target=$9.21 Stop=$7.11
POSITION: APQ JU - Oct. $7.50c (52 delta) &/or Stock
http://www.investmenthouse.com/cs/adpt.html

Play Date: 04/03/2003
BPOP (Popular, Inc.--$37.59; -0.06; optionable): Foreign bank holding company
http://biz.yahoo.com/p/b/bpop.html
STATUS: Testing the 18 day MVA. BPOP broke out of its base in April, ran up the 10 day MVA, and is making its first test of the 18 day (37.50). Wednesday BPOP showd a hammer doji that reached below the 18 day and then rallied back to close over that level on a strong volume surge. That typically indicates the pullback is over.
Volume: 559.212K Avg Volume: 196.227K
BUY POINT: New: $37.88 (orig. $35.25) Volume=200K Target=$40.45 Stop=$37.57
POSITION: BQW GG - July $35c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/bpop.html

Play Date: 04/05/2003
GPRO (Gen Probe--$36.53; +1.97; optionable): Research services
http://biz.yahoo.com/p/g/gpro.html
STATUS: Testing the breakout. Tested the 18 day MVA on the Tuesday low and recouped some of the losses. Wednesday it was up on lower though still above average volume, postiing a nice recovery from a shakeout. Looks ready for more.
Volume: 622.835K Avg Volume: 396K
BUY POINT: New: $37.25 (orig. $26.50) Volume=521K Target=$30.75 Stop=$34.05
POSITION: PSU HG - Aug. $35c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/gpro.html

PRE-ANNOUNCEMENT PLAYS

Play Date: 04/12/2003
APOL (Apollo Group--$54.12; +0.88; optionable): Education and training. Forecast to announce a split on 6-23-03 in conjunction with earnings. The company has not confirmed the time of the release.
BACKGROUND: Last announced a 3 for 2 split on 4-5-02 at a stock price of $34.50. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/a/apol.html
STATUS: Testing the 50 day MVA. APOL rallied up the short term MVA for 4.5 months and then took a breather down to the 50 day (52.50). Volume dropped Tuesday, and Wednesday APOL started back up on rising though still below average volume. Looking for more volume on this move higher as institutions move into the stock at this key institutional support level.
Volume: 1.642M Avg Volume: 1.835M
BUY POINT: New: 54.96 (orig. $52.75) Volume=2.7M Target=$59 Stop=$54.96
POSITION: OAQ HJ - Aug. $50c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/apol.html

Play Date: 05/20/2003
LXK (Lexmark Intl.--$71.35; +0.96; optionable): Printers. Forecast to announce a split on 7-21-03 in conjunction with earnings. The company has not confirmed this date, but based upon our research this is the day for the announcement.
BACKGROUND: Last announce a 2 for 1 split on 4-29-99 at a stock price of $110. The annual shareholder meeting was on 4-30-03 at which time no additional shares were authorized. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/l/lxk.html
STATUS: Test 50 day MVA. Tapped the 50 day MVA again on the low and rallied on some stronger, average volume A good first start, and now we want to see more volume on a further move higher. Now ready for the next buy point where it clears the short term MVA.
Volume: 1.819M Avg Volume: 1.673M
BUY POINT: New: 72.75 (orig. 70.85) Volume=1.8M Target=$79 Stop=$68.55
POSITION: LXK JN - Oct. $70c (56 delta) or LXK GN - July $70c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/lxk.html

POST-SPLIT PLAYS:

Play Date: 05/20/2003
ODSY (Odyssey Healthcare--$29.81; +0.63; optionable): Long-term health services
http://biz.yahoo.com/p/o/odsy.html
STATUS: Testing the breakout. ODSY started higher Wednesday off the 10 day MVA test, but volume barely edged higher. While we would not have minded a bit lower volume than the target, somewhere close would have been nice. Need to see the trade roll in on a further move.
Volume: 170.974K Avg Volume: 377.454K
BUY POINT: New buy point on volume: $30.06 Volume=400K Target=$34.45 Stop=$27.36
POSITION: UPE JF - Oct. $30c (52 delta) &/or Stock
http://www.investmenthouse.com/cs/odsy.html

WATCHLIST/ CONTINUING

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

ABTL 05/21 Test BO 5.01 0 5.09 6.75 148K 371K 4.73
New.

ADPT 05/19 Test 18 7.18 +0.01 7.65 9.21 428K 825K 7.11
Buy Not Hit.

AGEN 05/13 Cup hdl 10.59 -0.01 10.95 13.22 287K 417K 10.25
Current.

AMAT 04/18 BO 13.66 -0.1 15.6 19 25M 32M 14.19
Current.

AMT 04/30 Test 50 8.05 -0.33 6.84 8.35 1.9M 2.1M 7.08
Current.

APOL 04/12 A Wedge 54.12 +0.88 52.75 59 1.6M 2.7M 54.96
Current.

APOL 02/18 A Wedge 54.12 +0.88 46.25 52.88 1.6M 22M 54.96
Current.

ASCL 05/07 FlyPlat 3.56 -0.03 4.05 4.96 459K 1.7M 3.77
Buy Not Hit.

AVP 03/29 BO 58.34 +0.6 57.58 65.88 1.5M 1.7M 56.74
Current.

BBBY 04/26 Test 18 38.89 +0.69 39.12 46.55 2.5M 4M 39.33
Current.

BCR 05/10 A Wedge 67.16 +1.67 64.4 73.75 656K 477K 64.92
Current.

BPOP 04/03 Cup hdl 37.59 -0.06 35.25 40.45 559K 200K 37.57
Current.

BSC 05/10 BO 69.96 +1.22 70.85 80.65 1.4M 1.9M 68.35
Current.

CAH 04/09 Put 56.9 +0.63 55.96 52 2.4M 3.5M 54.74
Current.

CELG 05/14 A Wedge 29.34 -0.26 30.98 37.12 1.2M 1.8M 29.04
Current.

CNQR 04/22 Test 18 6.18 +0.05 6.28 7.58 95K 250K 5.84
Buy Not Issued.

CTXS 03/29 Cup hdl 19.77 +0.17 14.12 17.25 2.2M 5.3M 18.56
Current.

CY 05/17 Test 18 9.4 +0.1 10.06 12.12 1.4M 2.3M 9.36
Buy Not Hit.

CZN 04/24 Cup hdl 12.09 0 11.34 13.57 728K 156K 11.65
Current.

DRIV 05/08 Test BO 16.83 -0.51 17.62 20.95 1.6M 1.4M 16.96
Current.

DVA 05/17 Cup hdl 23.87 +0.04 24.65 29.55 303K 573K 23.45
Buy Not Hit.

EBAY 03/08 BO 97.06 -0.69 80.08 92 5.4M 8M 94.05
Current.

ELAB 03/06 Cup hdl 30.38 -0.31 24.06 28.88 515K 325K 30.38
Current.

ERES 04/30 PreSplt 33 -2.84 30.15 35.15 693K 496K 31.28
Current.

ERES 01/30 Cup hdl 33 -2.84 21.55 28.55 693K 436K 31.28
Current.

FDRY 04/29 Cup hdl 13.86 +0.53 10.9 13.15 3.9M 4.4M 12.34
Current.

FDX 03/24 Cup hdl 59.9 -1.1 57.85 66 2M 2.2M 60.71
Current.

FFIV 05/21 Test 18 15.72 +0.38 15.62 18.55 307K 750K 15.23
Current. Held the 18 day and started back up. Not much volume
but when the market looks so-so that can be a time
to add to positions.

FFIV 04/23 A Wedge 15.72 +0.38 15.34 18.32 307K 750K 15.23
Current.

FLIR 05/08 PreSplt 51.97 -0.1 51.7 58.75 206K 401K 51.25
Current.

GDW 05/01 Cup hdl 76.11 +0.04 77.25 86.75 616K 900K 75.45
Buy Not Issued.

GENZ 05/03 Test BO 42.24 +0.47 41.32 49.88 3M 4.9M 40
Buy Not Issued.

GPRO 04/05 Dbl btm 36.53 +1.97 26.5 30.75 623K 521K 34.05
Current.

HAR 05/13 Test BO 68.99 +0.19 70.25 80.45 491K 619K 68.12
Current.

HITK 03/22 Cup hdl 32.06 -1.43 19.35 28.75 1.1M 235K 34.94

IMN 04/29 Put 32.59 -0.63 33.94 30 509K 450K 35.04
Buy Not Issued.

JPM 04/01 Test BO 30.55 +0.12 24.96 28.55 8.4M 1.2M 29.65
Current.

KOSP 05/13 Test BO 22.2 +0.11 22.94 27.48 128K 400K 21.33
Buy Not Issued.

KSWS 04/21 FlyPlat 29.61 -0.06 30.66 35.75 55K 304K 29.35

LCI 05/06 Cup hdl 15.05 -0.8 17.22 20.51 354K 187K 15.96
Current.

LIZ 04/14 Cup hdl 32.47 -0.05 32.65 27.45 786K 883K 33.05
Current.

LM 05/06 Cup hdl 58.33 +0.65 58.5 67.78 374K 610K 57.04
Current.

LXK 05/20 Test 50 71.35 +0.96 71.4 79.55 1.8M 1.8M 68.68
Current. Could have used some more volume, but tapped 50 day
and rallied so we started some aggressive positions.

MAT 05/20 Put 21.14 -0.42 21.3 19.45 2.2M 2.5M 21.95
Current. Started lower again. Not a lot of volume, but we can
let it rebound and add positions on a failure at the
50 day MVA.

MED 04/28 Cup hdl 9.46 +0.06 8.7 10.42 78K 145K 8.09
Current.

MME 04/30 BO 47.3 -0.52 45.65 54.45 480K 634K 44.65
Current.

MRGE 04/24 Rv H&S 9.87 +0.09 8.06 10.45 62K 65K 9.05
Current.

MUSE 05/03 Test 18 7.96 -0.06 7.75 9.35 2.1M 2M 7.48
Current.

MVL 03/03 BO 20.24 +0.84 11.82 21 1.1M 675K 18.55
Current.

NVDA 05/08 Cup hdl 20.91 +0.71 17.55 23.55 7.6M 11M 18.75
Buy Not Issued.

ODSY 05/20 Test BO 29.81 +0.63 29.42 34.45 171K 400K 27.36
Buy Not Issued. Started up after the test but on microscopic volume.
We decided to let it pass.

POWI 05/10 Flat 23.22 +0.35 24.85 29.75 355K 970K 23.45
Current.

PRAA 05/10 Test BO 27.05 +0.31 26.45 31.75 200K 185K 25.25
Buy Not Issued.

PRX 05/19 Put 38.99 +1.42 37.85 34.52 705K 700K 39.75
Current.

PWN 05/07 BO 11.36 -0.09 11.66 13.94 60K 117K 11.03
Current.

QCOM 04/16 Put 31.38 +0.42 32.56 29 12M 16M 30.28

QLGC 05/17 Test BO 44.86 +0.48 46.78 54 5.3M 8M 44.65
Buy Not Hit.

QLGC 03/15 Test BO 44.86 +0.48 38.85 45 5.3M 11M 44.24
Current.

QLGC 11/07 Test BO 44.86 +0.48 41.4 50 5.3M 25M 44.24

RNR 05/17 Test BO 44.17 -1.28 46.25 53.25 682K 500K 44.88
Buy Not Hit.

SCSS 04/26 Cup hdl 14.79 +0.28 12.22 16 347K 696K 13.94
Current.

SEPR 04/12 Test BO 20.15 +1.06 17.1 21 3M 1.8M 19.41
Current.

SFNT 05/12 Cup hdl 26.03 +0.93 28.5 32.75 470K 394K 26.5
Exited.

SIGM 05/06 Cup hdl 8.05 -0.14 7.58 9.55 103K 125K 7.35
Buy Not Issued.

SOHU 03/20 Dbl btm 21.25 -0.39 10.55 21.45 1.3M 800K 19.98
Current.

TLB 05/17 Put 26.78 +0.07 25.95 22.65 520K 375K 27.55
Current. Started to drop again but then rallied over the 50
day, failed, and closed below that level showing a
big doji below support. While we entered as it was
falling earlier in teh session, we like the action we see.

TSCO 04/24 Cup hdl 43 +0.82 43.75 52 288K 603K 42.85
Current.

TSCO 04/03 Rv H&S 43 +0.82 38.6 44.38 288K 577K 42.85
Current.

UCBH 03/24 Cup 25.15 -0.1 22.03 24.75 311K 200K 25.55

UNH 05/10 PreSplt 97.9 +2.15 94.35 100 3M 2M 91.88
Current.

UOPX 05/03 BO 43.28 +0.28 46.68 56 141K 370K 43.41
Buy Not Issued.

UVN 05/17 Cup hdl 27.53 -0.19 30.65 35.55 2M 2.4M 28.84
Buy Not Hit.

VRTY 05/03 BO 18.85 +0.1 18.7 22.25 194K 938K 17.55
Current.

WPI 05/05 Flat 35.58 +0.75 31.62 38 1.1M 1.9M 34.05
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.

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