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us stock market, stock split
Begin part 2 of 2
Again we apologize for the delay. In addition to Jon Johnson at less than full speed Tropical Storm Claudette's late turn west has caused some last minute storm preparations.
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 pre-announcement plays are found in that section.
Good movers Monday: AGIL; AMAT; ANSI; APC; BLL; CHINA; CHPC; ETN; EVOL; GDW; HAR; INTV; LM; OMX; PDLI; RCNC; SOHU; STG; TSCO; VSEA; VTSS
NEW PLAYS: This section includes new plays from all sections other than pre-announcements.
Play Date: 07/14/2003
FFIV (F5 Networks--$18; +0.81; optionable): Net services and software
http://biz.yahoo.com/p/f/ffiv.html
STATUS: Ascending Triangle. FFIV is in a 5 week triangle, trying to make the breakout move Monday but falling back just below the breakout point. Strong volume, but with the market coming back it was not enough to hold the breakout. Outstanding accumulation at 5 up price weeks on rising volume to 0 down weeks on rising volume. Excellent money flow as well, and accumulation is ready to breakout. Looking for another strong surge on volume to hold into the close to jump on this one.
Volume: 1.216M Avg Volume: 524.272K
BUY POINT: $18.96 Volume=800K Target=$23 Stop=$17.55
POSITION: FLK JW - Oct. $17.50c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/ffiv.html
Play Date: 07/14/2003
GGNS (Genus--$3.4; +0.42; no options): Chip equipment
http://biz.yahoo.com/p/g/ggns.html
STATUS: Cup w/handle breakout. Breaking out of a 6.5 month base sporting outstanding 10 to 2 accumulation. Volume surged Monday as GGNS made the move, supported by that strong accumulation and surging money flow. On a further move relative strength is ready to breakout as well, a good indication of the strength in the stock and the move.
Volume: 692.299K Avg Volume: 162.272K
BUY POINT: $3.46 Volume=250K Target=$4.45 Stop=$3.18
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/ggns.html
CONTINUING LEADER PLAYS
Play Date: 06/07/2003
AMEV (Applied Molecular--$4.6; +0.04; no options): Biotechnology
http://biz.yahoo.com/p/a/amev.html
STATUS: Cup w/handle. Very nice test of the 18 day MVA still, tapping it on the low (4.41) and rebounding on the close. Again volume was very low. Very nice handle to the short 7 week base.
Volume: 54.717K Avg Volume: 98.954K
BUY POINT: Breakout: $5.06. Aggressive: $4.75 Volume=102K Target=$6 Stop=$4.44
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/amev.html
Play Date: 07/12/2003
GLDN (Golden Telecom--$28.35; +1.07; no options): Wireless communications
http://biz.yahoo.com/p/g/gldn.html
STATUS: Testing the breakout. Starting the bounce up off the breakout test, but did not get a lot of volume Monday as it did so. GLDN formed a long 12 month base and broke out in early May, posting a nice, quick $10 run. From there it backed off to test the 50 day MVA (22.45) and when it did, big money moved in, driving the stock higher on strong volume. That is exactly what you want to see as the institutions step in to buy at that level. Now all we want to see is more volume.
Volume: 135.625K Avg Volume: 111.454K
BUY POINT: New: 28.85 (orig. $28.05) Volume=200K Target=$33.75 Stop=$26.09
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/gldn.html
Play Date: 06/28/2003
PEGS (Pegasus Solutions--$16.87; +0.77; optionable): Hotel reservation services
http://biz.yahoo.com/p/p/pegs.html
STATUS: Cup w/handle. Friday indeed looked to be a shakeout as PEGS was up sharply Monday on rising though still below average volume. It is right at the breakout point and just needs some volume. It is in the handle to an 11 month base supported by excellent 14 to 6 accumulation. Excellent money flow moving up ahead of price and relative strength ready to breakout. Looks ready.
Volume: 154.2K Avg Volume: 200.818K
BUY POINT: $17.12 Volume=300K Target=$20.65 Stop=$15.92
POSITION: PUG JC - Oct. $15c (68 delta) &/or Stock
http://www.investmenthouse.com/cs/pegs.html
PRE-ANNOUNCEMENT PLAYS
We are putting those pre-announcement stocks that are ready to make moves on the report. As the other pre-announcement candidates reach new buy points we will put them on as well. We want to keep the report focused on those stocks ready to make moves.
Play Date: 07/12/2003
LXK (Lexmark Intl.--$76.97; +0.99; optionable): Printers. Forecast to announce a split on 7-21-03 before the open in conjunction with earnings.
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: Flat base. Still very nice in its current 10 week base moving in a range from 70 to 77. It has made a higher low on the last trek lower, and after another test of 77 it looks as if it is making another higher low as it tested the 18 day MVA (74.25) Thursday and bounced higher Friday. Accumulation in the current lateral move is positive at 3 to 2 and money flow is moving up sharply. Monday LXK gapped higher on some stronger though below average volume. It gave back a portion of the move, but the base is still very solid.
Volume: 1.33M Avg Volume: 1.611M
BUY POINT: $77.55 Volume=2M Target=$90 Stop=$74
POSITION: LXK JO - Oct. $75c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/lxk.html
POST-SPLIT
Play Date: 07/12/2003
KSWS (K-Swiss--$38.12; +0.12; optionable): Sports shoes
http://biz.yahoo.com/p/k/ksws.html
STATUS: Testing the breakout. Gapped a bit higher but was up and down all session on lower, below average volume. KSWS has formed another 5 week flying plateau just as it did in April and May, and as it did then, it is making the breakout. Again we are looking for volume to jump as KSWS moves up through the buy point.
Volume: 145.7K Avg Volume: 207.181K
BUY POINT: $38.55 Volume=307K Target=$44.65 Stop=$35.85
POSITION: SWU JG - Oct. $35c (74 delta) &/or Stock
http://www.investmenthouse.com/cs/ksws.html
WATCHLIST/ CONTINUING
LEGEND
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: A Wedge=Ascending triangle/wedge; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; PreAnn=Pre-Announcement split; PreSplt=Pre-split; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.)
Downside play types: CCall=Covered Call; DWedge=Descending triangle/wedge; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);
PIVOT=Buy point
Tgt=Target stock price for the play. Applies to stock and options.
Vol=Volume for the most recent session.
TgtV=Target volume to enter the play.
Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon market conditions.
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AEOS 07/08 Cup hdl 19.9 +0.47 20.12 24.25 1M 1.9M 18.71
Buy Not Hit.
AFL 06/12 H&S 32.02 +0.3 30.78 28 3.6M 2.8M 31.55
Current.
AGIL 06/26 Test 50 10.51 +0.51 10.15 12.25 582K 506K 9.55
Current.
AMAT 07/12 Cup hdl 18.14 +0.75 18.05 22.55 40M 40M 16.79
Current.
AMEV 06/07 Test BO 4.6 +0.04 4.75 6 55K 102K 4.44
Current.
ANSI 06/10 PreSplt 38.83 +1.5 49.72 56.25 268K 300K 55.24
Current.
APOL 05/27 Test 50 65.16 -0.4 55.07 62 1.5M 2.7M 62.45
Current.
AVP 03/29 BO 63.84 -0.54 57.58 65.88 1.1M 1.7M 62.25
Current.
BCGI 07/10 Test BO 20.64 +0.62 20.7 25.35 664K 1.4M 19.25
Current.
BCR 07/03 Test 50 70.29 +0.72 72.94 84 293K 600K 70.85
Buy Not Hit.
BEBE 07/01 Test BO 22.69 +0.49 20.9 24.95 633K 321K 20.95
Current.
BHE 07/09 Cup hdl 34.9 -0.1 35.95 42.55 315K 500K 33.94
Current.
BLL 06/21 Put 43.27 -0.73 46 42 755K 650K 45.12
Current.
BLUD 07/04 A Wedge 23.48 +0.38 23.25 28 133K 262K 21.62
Buy Not Issued.
CECO 05/29 Test 50 77.66 +0.65 62.55 73.45 752K 1M 72.22
Current.
CFW 06/11 Cup hdl 3.03 +0.05 7.75 9.35 350K 118K 8.44
Target Hit.
CHINA 06/21 Test BO 14.46 +0.98 7.95 9.55 19M 2.8M 10.78
Current.
CHMD 06/10 FlyPlat 11.5 +0.22 10.54 12.55 288K 155K 10.35
Current.
CHPC 06/28 Cup hdl 9.25 +0.58 8.45 10.75 2.1M 2.1M 8
Current.
CHTT 07/04 Cup hdl 18.25 -0.05 19.95 23.94 50K 220K 18.55
Buy Not Hit.
CMTL 07/01 PreSplt 32.17 -1.25 28.45 32.72 608K 350K 33.12
Target Hit.
CNTE 05/29 Cup hdl 28.69 +0.13 35.05 40.45 146K 180K 41.65
Current.
COH 07/10 BO 55.22 -0.11 55.55 65 798K 1.4M 51.66
Buy Not Issued. Tried to rally but reversed. Low volume.
CUB 07/04 Cup hdl 23.76 -0.23 23.48 28.25 116K 206K 21.95
Buy Not Issued. Trying, but still cannot make the breakaway move.
CZN 04/24 Cup hdl 12.86 -0.19 11.34 13.57 861K 156K 12.94
Current.
DADE 07/08 Flat 24.61 +0.12 24.92 29.94 255K 435K 23.55
Buy Not Issued.
DVA 05/17 Cup hdl 26.98 +0.15 25.11 30 1.1M 573K 26.75
Current.
EBAY 03/08 BO 113.95 +0.88 80.08 92 5.7M 8M 105.55
Current.
ERES 04/30 PreSplt 27.09 +0.99 15.08 17.58 338K 496K 23.65
Current.
ERES 01/30 Cup hdl 27.09 +0.99 15.08 17.58 338K 436K 23.65
Current.
ETN 05/31 Cup hdl 83.01 +1.2 84.25 100 589K 650K 80.85
Buy Not Issued.
EVOL 06/09 Test 50 5.52 +0.38 4.45 5.48 661K 307K 4.48
Target Hit. Nice run higher on volume. Took some gain, letting
some run.
FDO 06/21 Test 18 38.73 -0.02 38.65 45 794K 1.2M 37.25
Buy Not Issued.
FDRY 06/18 Test 18 17.81 +0.88 16.26 19.55 3.4M 5M 16.25
Current.
FFIV 07/14 A Wedge 18 +0.81 18.96 23 1.2M 800K 17.55
New.
FLIR 05/08 PreSplt 31.55 +0.05 25.85 29.38 241K 401K 30.68
Current.
GDW 05/01 Test BO 83.98 +1.39 83.6 95.88 936K 900K 81.38
Current. Excellent volume as GDW jumped through near ressitance
at 82.50.
GGNS 07/14 BO 3.4 +0.42 3.46 4.45 692K 250K 3.18
New.
GLDN 07/12 Test BO 28.35 +1.07 28.05 33.75 136K 200K 26.09
Buy Not Issued. Not enough volume to get us in.
GPRO 06/17 A Wedge 48.93 +0.73 41.75 48 452K 766K 45.25
Current.
GPRO 04/05 Dbl btm 48.93 +0.73 26.5 30.75 452K 521K 45.25
Current.
HAR 05/13 Test BO 83.8 +1.62 70.25 80.45 298K 619K 78.95
Current.
HB 06/16 Put 50.32 +0.08 49.95 46.95 74K 175K 50.78
Current.
HPOL 07/08 Test BO 7.09 -0.27 7.22 8.95 522K 541K 6.68
Current.
HPOL 06/14 Test BO 7.09 -0.27 6.7 8.38 522K 541K 6.68
Current.
IDC 05/29 BO 16.94 +0.15 16.55 19.88 165K 122K 16.65
Current.
IGLD 07/07 Cup 6.73 +0.03 5.88 7.15 304K 500K 5.95
Current.
IGT 06/18 PreSplt 26.86 +0.27 24.05 25.65 3M 1M 25.35
INB 06/24 Cup hdl 8.35 0 6.15 7.88 36K 80K 7.38
Current.
INTU 06/26 Put 43.99 +0.69 43.95 39.35 3.6M 6M 44.55
Buy Not Issued.
INTV 06/14 Test BO 7.56 +0.41 3.84 5 660K 195K 5.45
Target Hit.
ISIL 06/17 A Wedge 27.93 +0.21 25.6 30.55 2.3M 4.5M 26.45
Current.
KROL 07/05 Cup hdl 28.26 -0.34 27.98 33.55 332K 700K 27.25
Current.
KROL 06/14 Test BO 28.26 -0.34 26.05 30.95 332K 716K 26.15
Current.
KRON 06/28 A Wedge 56.9 -0.55 51.5 60.25 130K 300K 54.75
Current.
KSWS 07/12 Test BO 38.12 +0.12 38.55 44.65 146K 307K 35.85
New.
KSWS 04/21 FlyPlat 38.12 +0.12 30.66 35.75 146K 304K 36
LM 07/12 Test 18 70.59 +1.79 69.52 80 499K 700K 66.78
Buy Not Issued. Not enough volume.
LM 05/06 Cup hdl 70.59 +1.79 58.5 67.78 499K 610K 66
Current.
LXK 07/12 Flat 76.97 +0.99 77.55 90 1.3M 2M 74
Buy Not Issued. Gapped higher and ran, but faded at the close on continued
below average volume. Still a very nice pattern & just
being patient.
MME 04/30 BO 59.25 +0.29 45.65 54.45 489K 634K 56
Current.
MRGE 04/24 Rv H&S 15.82 -0.08 8.06 10.45 257K 65K 13.95
Current.
NCEN 07/08 PreSplt 30.4 +0.8 44.15 50.25 932K 1M 42.65
Current.
NUAN 07/12 BO 5.62 -0.45 6.15 8 1.2M 414K 5.72
Buy Not Hit. Gapped higher but was reversing almost from the start.
OEX 07/04 Test 18 18.14 +0.15 498.25 510 372K 1.8M 494
Buy Not Issued.
OIIM 06/17 BO 17.96 -0.04 16.38 19.94 90K 400K 16.96
Current.
OMX 07/01 Cup hdl 8.6 +1.42 7.02 8.38 29M 1.2M 6.72
Target Hit. Gapped up on the buyout news and so we took the gain.
PCVA 06/25 BO 8.99 0 7.88 9.44 65K 195K 7.45
Buy Not Issued.
PDLI 06/19 Put 14.2 -0.29 14.75 12.04 2.5M 2.5M 14.75
Current.
PEGS 06/28 Cup hdl 16.87 +0.77 17.12 20.65 154K 300K 15.92
Buy Not Hit.
PIXR 07/05 Cup hdl 68.55 +0.75 62.8 71.75 1.1M 1.2M 65.94
Current.
PLCM 06/26 BO 15.28 +0.13 15 18.85 1.5M 2M 14.45
Current.
PMTI 07/10 Cup hdl 5.43 -0.17 6.2 7.75 158K 198K 5.48
Current.
PPE 07/12 Test BO 8.95 -0.05 9.28 12 1.1M 1.6M 8.82
Buy Not Hit.
PRXL 06/12 DB hdl 15.43 -0.03 14.85 17.85 31K 167K 14.75
Current.
QDEL 07/02 A Wedge 6.9 -0.05 6.8 8.12 109K 125K 6.32
Current.
QLGC 07/01 Test BO 52.07 +1.19 52.12 60 6M 8M 49.88
Buy Not Issued. Was running but was up and down. We held off and it
tanked back on the close. if it holds here & starts
to rally again, that is the entry point.
RCNC 07/09 Test BO 3.28 +0.48 2.58 3.05 1.6M 718K 2.42
Current. Explosive move higher. Decided to let it run, but need
to be ready to take some gain if it continues the run
Tuesday.
SBUX 07/01 Cup 26.83 -0.02 26.3 30.94 3.2M 6M 25.85
Current.
SJM 07/07 Cup hdl 40.43 -0.62 42.12 50.55 111K 316K 40.05
Buy Not Hit.
SOHU 06/21 Test 50 42.68 +1.86 28.5 35 4.6M 2.5M 32.48
Current.
SSTI 07/08 Cup hdl 5.48 +0.01 5.22 6.72 2.2M 1.4M 4.98
Current.
STG 07/09 Cup hdl 3.14 +0.34 2.94 3.65 706K 148K 2.73
Current. Outstanding volume break higher.
SWKS 07/10 Test BO 8.84 +0.46 8.9 10.96 4.8M 5.5M 8.06
Current.
TBL 06/03 Test BO 58.14 -0.49 53.05 60.88 299K 514K 55
Current.
TPC 06/17 Test BO 6.14 +0.36 5.65 7.25 284K 466K 5.18
Buy Not Issued. Rallying, but volume was still below average. May regret
not entering this one, but with the market reversing,
low volume moves kept us on the sidelines.
TSCO 07/05 Test 50 52.73 +1.9 51.25 60 315K 500K 48.12
Current.
TSCO 06/03 Rv H&S 52.73 +1.9 46.85 55.25 315K 603K 48
Current.
TSCO 04/24 Cup hdl 52.73 +1.9 43.75 52 315K 603K 48
Current.
TSCO 04/03 Rv H&S 52.73 +1.9 38.6 44.38 315K 577K 48
Current.
TSM 06/18 Test 18 10.38 +0.27 10.95 13 11M 9M 10.06
Buy Not Issued.
UCBH 03/24 Cup 30.83 +0.27 22.03 24.75 733K 200K 29.45
UNTD 07/12 Test BO 29.55 +0.62 28.8 34.12 961K 2.1M 26.78
Current.
UNTD 05/29 Flat 29.55 +0.62 23.45 28 961K 2M 27
Current.
UOPX 10/10 Rv H&S 55.99 -0.01 48.6 58 199K 350K 52.55
Target Hit. Jumped up and we took a partial gain. It came back
by the close.
VSEA 07/12 Test BO 34.36 +1.36 34.5 40.95 2.4M 1.4M 32.08
Current. Very strong surge on volume.
VTSS 07/08 BO 6.87 +0.37 6.65 7.88 7.7M 8M 5.94
Current.
WEDC 06/30 Cup hdl 12.45 -0.04 10.98 13.22 521K 200K 11.25
Current.
WSH 07/12 Put 28.76 -0.11 29.45 26 989K 1.4M 30.12
Buy Not Hit.
WWCA 05/22 BO 13.94 +0.51 11.42 13.85 862K 824K 12.42
Current.
XING 07/02 Test BO 13.32 +0.37 11.2 13.55 1.1M 499K 11.94
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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us stock market
stock split
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