us stock market, trading system

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 pre-announcement plays are found in that section.

Good movers Monday: ACV; AEOS; AMAT; AMEV; COCO; COH; DSPG; HPOL; JBLU; UOPX; VSEA; ZBRA

NEW PLAYS: This section includes new plays from all sections other than pre-announcements.

Upside:

Play Date: 07/28/2003
CHRD (Chordiant Software--$2.27; -0.12; no options): Technical and system software
http://biz.yahoo.com/p/c/chrd.html
STATUS: Testing the breakout. CHRD blasted out of an 8 month cup with handle base in June, rallied up to 2.51, and is now coming back to test this breakout on much lower, below average volume. It tapped the 10 day MVA on the Monday low (2.20) and rebounded to close. Excellent money flow in the base at 8 to 3 (8 up weeks on rising volume to 3 down weeks on rising volume) set the foundation, and excellent money flow and a relative strength breakout show the strength. Looking for CHRD to turn back up from this test (it may find 2.20 one more time) on once again stronger volume.
Volume: 531.863K Avg Volume: 547.681K
BUY POINT: $2.43 Volume=822K Target=$3.12 Stop=$2.18
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/chrd.html

Play Date: 07/28/2003
XOMA (Xoma LTD--$6.95; +0.55; optionable): Biotechnology
http://biz.yahoo.com/p/x/xoma.html
STATUS: Reverse head & shoulders. Working through a 7 week base that is working on the tail end of a nine month cup base. The current pattern shows excellent accumulation at 4 to 0. Monday XOMA was shooting higher on strong volume as it and DNA reported positive study results on their psoriasis drug. This is working to break the stock out and with this strong move we are going to look fo rpositoins to capture the further run higher.
Volume: 2.442M Avg Volume: 977.09K
BUY POINT: $7.15 Volume=1.5M Target=$8.68 Stop=$6.65
POSITION: MBU KU - Nov. $7.50c (45 delta) &/or Stock)
http://www.investmenthouse.com/cs/xoma.html

CONTINUING LEADER PLAYS

Play Date: 07/21/2003
CELL (Brightpoint--$20.01; +1.02; no options): Electronics
http://biz.yahoo.com/p/c/cell.html
STATUS: Testing the breakout. Started back up off the test Monday with a gap higher and run. The run did not last, however, as CELL pulled back from its high (21.07). Still a very solid pattern and a solid move that we are still looking to get in on. It just started back up before giving a further test. The breakout was from a 4 month cup with handle base sporting solid accumulation and money flow. Relative strength broke out on the move, and is moving up again. Looking for a move up from here on solid trade to move in.
Volume: 647.938K Avg Volume: 155.181K
BUY POINT: New: 20.55 (orig. $19.25) Volume=225K Target=$23.25 Stop=$17.82
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/cell.html

Play Date: 07/14/2003
FFIV (F5 Networks--$18.26; +0.62; optionable): Internet software
http://biz.yahoo.com/p/f/ffiv.html
STATUS: Flat. Up to the top of the range, but volume is backing off as it makes the move. Usually that indicates it will make another run down in the pattern, but we have the luxury of just waiting for it to breakout of the base before we move in. Strong money flow and accumulation remain in the 7 week base and relative strength is starting to breakout once again.
Volume: 392.396K Avg Volume: 529K
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: 07/16/2003
XMSR (XM Satellite Radio--$13.9; +0.63; optionable): Satellite radio
http://biz.yahoo.com/p/x/xmsr.html
STATUS: Cup w/handle. Still moving up toward the breakout from the long 19 month base, XMSR surged Monday on a big volume jump, coming close to the breakout on the intraday high (14.15). Excellent money flow and relative strength is heading for a breakot to support the move.
Volume: 7.867M Avg Volume: 6.476M
BUY POINT: $14.25 Volume=11M Target=$17.25 Stop=$13.12
POSITION: QSY JC - Oct. $15c (47 delta) &/or Stock
http://www.investmenthouse.com/cs/xmsr.html

PRE-ANNOUNCEMENT PLAYS

BIO: No announcement 7-28 before the open as BIO missed consensus by a penny and collapsed the great pattern that was building.

POST-SPLIT PLAYS:

Play Date: 07/12/2003
KSWS (K-Swiss--$37.21; +1.98; optionable): Footwear
http://biz.yahoo.com/p/k/ksws.html
STATUS: Testing the 50 day MVA. Jumped off the 50 day MVA (34.84) though volume was lower on the bounce than the selling. That gave us some pause on entering. Want to see some more volume to indicate the big bucks are pushing it back up at this key support level.
Volume: 246.497K Avg Volume: 187.272K
BUY POINT: New: $37.55 (orig. $37.12) Volume=312K Target=$44.65 Stop=$34.65
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

ACS 07/19 Put 45.66 +2.13 42.4 39.48 2.6M 2M 44.68
Current.

ACV 07/19 BO 56.75 +0.77 54.8 65.85 526K 400K 54.12
Current.

AEOS 07/08 Cup hdl 21.4 +1.05 21.49 25.45 2.5M 1.9M 19.88
Current. Patience paid off as AEOS broke higher on an excellent
volume surge.

AET 07/17 Flat 67.46 +1.27 65.35 77.12 1.4M 2.8M 62.54
Buy Not Issued.

AMAT 07/12 Cup hdl 19.71 +0.41 18.05 22.55 24M 40M 17.24
Current.

AMEV 07/26 A Wedge 5.7 +0.8 5.75 6.88 847K 200K 5.35
Current.

AMEV 06/07 Test BO 5.7 +0.8 4.75 6 847K 102K 4.44
Current.

AVP 03/29 BO 62.99 -0.05 57.58 65.88 887K 1.7M 61.68
Current.

BCR 07/03 Test 50 69.65 -1.24 72.94 84 449K 600K 70.85
Buy Not Hit.

BDX 07/17 Put 37.49 +0.09 36.92 34.25 658K 900K 38.25
Buy Not Issued.

BEBE 07/01 Test BO 22.46 +0.45 20.9 24.95 172K 321K 21.24
Current.

BIO 07/19 Flat 55.55 -6.55 62.55 74.45 714K 288K 59.25
Buy Not Issued.

CECO 07/19 Test 18 82.6 +0.4 75.74 86.55 1M 1.2M 78.05
Current.

CECO 05/29 Test 50 82.6 +0.4 62.55 73.45 1M 1M 78.05
Current.

CELL 07/21 Cup hdl 20.01 +1.02 19.25 23.25 648K 225K 17.82
Current.

CHINA 06/21 Test BO 12.68 +0.11 7.95 9.55 14M 2.8M 11.78
Current.

CHMD 06/10 FlyPlat 11.62 +0.12 10.54 12.55 34K 155K 11.06
Current.

CHRD 07/28 Test BO 2.27 -0.12 2.43 3.12 532K 822K 2.18
New.

CHS 07/23 Test BO 25.85 +1.12 25.65 30.75 995K 2.2M 24
Buy Not Issued.

COCO 07/19 Test 50 54 +2.9 54.15 64.75 1M 1.2M 50.36
Current. Nice volume surge as it moved off the 18 day.

COH 07/10 BO 55.37 +1.63 55.79 65 910K 1.4M 51.88
Current. Up off the 18 day on rising volume so opened a position.

COHU 07/24 Rv H&S 18.51 +0.44 19.85 23.88 136K 155K 18.46
Buy Not Hit.

CUB 07/04 Cup hdl 24.75 +0.93 24.35 28.95 107K 206K 23.06
Buy Not Issued.

DSPG 07/19 A Wedge 26.99 +0.68 25.96 31.45 672K 536K 23.94
Current.

DVA 05/17 Cup hdl 28.76 +0.35 25.11 30 378K 573K 27.55
Current.

EBAY 03/08 BO 110.89 -1.35 80.08 92 6.3M 8M 105.55
Current.

EMBT 07/26 Cup hdl 8.11 -0.07 8.75 10.48 204K 400K 8.14
Buy Not Issued.

ETN 05/31 Cup hdl 83.6 -1.53 86 100 708K 650K 83.94
Current.

EVOL 06/09 Test 50 6.86 +0.04 4.45 5.48 303K 307K 5.94
Current.

FFIV 07/14 A Wedge 18.26 +0.62 18.96 23 392K 800K 17.55
Buy Not Hit.

FRNT 07/24 Cup hdl 12.74 +0.04 13.46 16.35 279K 686K 12.44
Buy Not Hit.

GDW 05/01 Test BO 84.77 -0.89 83.6 95.88 439K 900K 82.94
Current.

GGNS 07/14 BO 3.57 +0.05 3.7 4.72 165K 250K 3.22
Current.

GLDN 07/12 Test BO 27.1 -0.78 28.05 33.75 52K 200K 26.09
Buy Not Issued.

GPRO 06/17 A Wedge 53.87 -0.12 41.75 48 436K 766K 49.94
Current.

GPRO 04/05 Dbl btm 53.87 -0.12 26.5 30.75 436K 521K 49.94
Current.

HB 06/16 Put 51.15 0 49.95 46.95 123K 175K 50.78
Current.

HPOL 07/08 Test BO 7.85 +0.6 7.22 8.95 609K 541K 6.68
Current.

HPOL 06/14 Test BO 7.85 +0.6 6.7 8.38 609K 541K 6.68
Current.

IGT 06/18 PreSplt 25.76 -0.77 24.05 25.65 4.2M 1M 25.35

INB 06/24 Cup hdl 8.81 -0.24 6.15 7.88 13K 80K 8.38
Current.

INTU 06/26 Put 42.39 +0.02 43.95 39.35 1.3M 6M 42

JBHT 07/26 FlyPlat 47.29 +0.46 47.74 54.94 384K 750K 44.65
Buy Not Hit.

JBLU 07/26 BO 46.57 +1.24 46.32 55.64 1.2M 1.5M 43.88
Current.

KSWS 07/12 Test 50 37.21 +1.98 37.12 44.65 246K 312K 34.65
Buy Not Issued. Volume was a bit light and we stayed out. May not have
been the best move on our part. On a further move on
some volume we will open the next position.

KSWS 04/21 FlyPlat 37.21 +1.98 30.66 35.75 246K 304K 36.94

LIN 07/26 Saucer 26.9 +0.49 27.24 32.65 314K 942K 25.42
Buy Not Hit.

LM 07/12 Test 18 70.54 +0.32 70.88 80 551K 700K 65.92
Buy Not Issued. Still looks good.

LM 05/06 Cup hdl 70.54 +0.32 58.5 67.78 551K 610K 67.65
Current.

LSI 07/22 Cup hdl 9.52 +0.48 9.5 11.48 6.4M 7.2M 8.84
Current.

LSTR 07/21 Put 61.39 -0.61 60.95 57.75 67K 200K 62.35
Buy Not Hit.

MRGE 07/19 Test BO 14.83 +0.33 16.35 19.65 82K 239K 14

MRGE 04/24 Rv H&S 14.83 +0.33 8.06 10.45 82K 65K 14.38
Current.

MXO 07/22 Test BO 10.2 +0.43 10.18 12.25 3.2M 4.6M 9.47
Current.

MYK 07/22 Cup hdl 13.25 +0.26 13.64 16.45 162K 363K 12.65
Buy Not Hit.

ONXX 07/19 Test 18 15.04 -0.13 15.48 18.55 709K 495K 14.28
Current.

OPSW 07/15 Test BO 5.35 +0.03 5.95 7.25 199K 850K 5.53
Buy Not Hit.

PCTI 07/24 Cup hdl 13.14 -0.06 14.06 16.88 108K 489K 12.96
Buy Not Hit.

PDLI 06/19 Put 14.11 +0.94 14.75 12.04 2.3M 2.5M 14.25
Current.

PIXR 07/05 Cup hdl 66.4 -0.74 62.8 71.75 498K 1.2M 65.94
Current.

PPE 07/12 Test BO 9.07 -0.01 9.28 12 630K 1.6M 8.82
Buy Not Hit.

PWAV 07/15 Test BO 7.49 +0.06 8.12 9.75 1.4M 2.1M 7.45
Buy Not Hit.

QDEL 07/02 A Wedge 6.95 +0.21 6.8 8.12 58K 125K 6.32
Current.

SBUX 07/01 Cup 26.61 -0.09 26.3 30.94 2M 6M 25.85
Current.

SLM 06/24 Test 18 41.27 -0.24 42.88 49.25 838K 3.5M 41
Buy Not Hit.

SOHU 06/21 Test 50 39.73 +0.02 28.5 35 2.6M 2.5M 32.48
Current.

STT 07/23 Cup hdl 45.54 -0.46 45.59 54 1.8M 2.8M 43
Buy Not Issued. Volume up but the stock was trading back all session.

TSCM 07/17 Rv H&S 5.3 +0.15 5.82 7.55 96K 210K 5.38
Buy Not Hit.

TSCO 07/05 Test 50 55.68 +0.31 51.25 60 152K 500K 50.45
Current.

TSCO 06/03 Rv H&S 55.68 +0.31 46.85 55.25 152K 603K 50.45
Current.

TSCO 04/24 Cup hdl 55.68 +0.31 43.75 52 152K 603K 50.45
Current.

TSCO 04/03 Rv H&S 55.68 +0.31 38.6 44.38 152K 577K 50.45
Current.

TYL 07/26 Cup hdl 5.35 +0.18 5.38 6.75 329K 240K 4.98
Buy Not Issued. Traded off high & we did not enter, but may live to
regret not entering. On a further move over 5.40 on
volume it is golden.

UCBH 03/24 Cup 30.94 +0.17 22.03 24.75 251K 200K 29.45

UNTD 07/12 Test BO 30.18 +0.79 28.8 34.12 1M 2.1M 27.72
Current.

UNTD 05/29 Flat 30.18 +0.79 23.45 28 1M 2M 27.72
Current.

UOPX 10/10 Rv H&S 56.87 +1.32 48.6 58 193K 350K 52.55
Current.

VSEA 07/12 Test BO 35.15 +1.77 34.5 40.95 836K 1.4M 32.08
Current.

WSH 07/12 Put 30.5 0 28.65 26 793K 1.4M 29.85
Current.

WWCA 07/23 BO 14.6 +0.02 14.48 17.45 1.2M 824K 13.47
Current.

WWCA 05/22 BO 14.6 +0.02 11.42 13.85 1.2M 824K 13.35
Current.

XMSR 07/16 Cup hdl 13.9 +0.63 14.25 17.25 7.9M 11M 13.12
Buy Not Hit.

XOMA 07/28 Rv H&S 6.95 +0.55 7.15 8.68 2.4M 1.5M 6.65
New.

ZBRA 07/26 Test 50 80.8 +1.93 80.65 92 419K 485K 77.24
Current. Volume was strong and ZBRA surged so we opened a position
on a pullback from the high.

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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