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stock split, stock recommendation
Begin part 2 of 2
We apologize for the delay in the evening report. We have experienced serious technical difficulties this evening. Again we apologize for the delay.
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 Wednesday: AMEV; CELL; CHRD; GPRO; PDLI; XMO
NEW PLAYS: This section includes new plays from all sections other than pre-announcements.
Play Date: 07/30/2003
MATK (Martek Biosciences--$49.76; +3.3; optionable): Biotechnology
http://biz.yahoo.com/p/m/matk.html
STATUS: Ascending triangle. After breaking out of a 12 month base in April, MATK surged ahead to 47.50 before sliding into the current 7 week pattern. Solid 3 to 0 accumulation in the current lateral base along with very strong money flow and a relative strength breakout on the Wednesday move. Volume surged on the move. It pulled back well off of its intraday high (53.25), but it still looks very solid.
Volume: 2.693M Avg Volume: 532.954K
BUY POINT: $50.25 Volume=799K Target=$57.85 Stop=$46.73
POSITION: KQT LF - Dec. $50c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/matk.html
Play Date: 07/30/2003
TSAI (Transaction Sys Architects--$10.5; +0.74; optionable): Technical & system software
http://biz.yahoo.com/p/t/tsai.html
STATUS: Cup w/handle. Ready to make the breakout from a very nice 9 month base sporting excellent 11 to 4 accumulation. The 7 week handle is solid, using the 50 day MVA (9.34) as support as it made some intraday lower lows to shake out the last sellers. Wednesday TSAI was surging on strong volume, heading for the breakout. Looks very nice.
Volume: 377.735K Avg Volume: 160K
BUY POINT: $10.72 Volume=240K Target=$12.88 Stop=$9.84
POSITION: TQR IB - Sept. $10c (66 delta) &/or Stock
http://www.investmenthouse.com/cs/tsai.html
CONTINUING LEADER PLAYS
Play Date: 07/24/2003
COHU (Cohu--$18.97; +0.77; optionable): Chip equipment
http://biz.yahoo.com/p/c/cohu.html
STATUS: Reverse head and shoulders. Nice volume surge Wednesday as COHU started toward the breakout. We really like this handle that shows positive accumulation 3 to 2 (3 up price weeks on rising volume to 2 down price weeks on rising volume) along with some supoer money flow. Getting close.
Volume: 154.4K Avg Volume: 106.181K
BUY POINT: $19.85 Volume=155K Target=$23.88 Stop=$18.46
POSITION: QCH KW - Nov. $17.50c (66 delta) &/or Stock
http://www.investmenthouse.com/cs/cohu.html
PRE-ANNOUNCEMENT PLAYS
POST-SPLIT PLAYS:
Play Date: 07/01/2003
SBUX (Starbucks--$26.87; +0.49; optionable): Pricey coffee
http://biz.yahoo.com/p/s/sbux.html
STATUS: Cup w/handle. SBUX has formed the current 4 month base right on the heels of the breakout from another 4 month base. The past three weeks it has moved laterally over support at 26 and in a narrow $1 range. Looking for SBUX to put that strong money flow to use and breakout from this nice shakeout.
Volume: 2.848M Avg Volume: 3.804M
BUY POINT: New: $27.55 (orig. $26.30) Volume=6M Target=33 (new positions); orig. positions: $30.94 Stop=$25.85
POSITION: SQX JE - Oct. $25c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/sbux.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
ACV 07/19 BO 55.93 -0.39 54.8 65.85 283K 400K 54.12
Current.
AEOS 07/08 Cup hdl 22.42 +0.28 21.49 25.45 2.3M 1.9M 19.88
Current.
AET 07/17 Flat 66.5 -1.99 65.35 77.12 6.7M 2.8M 62.54
Buy Not Issued.
AMAT 07/12 Cup hdl 19.22 -0.14 18.05 22.55 20M 40M 17.24
Current.
AMEV 07/26 A Wedge 7.06 +0.96 5.75 6.88 586K 200K 5.35
Current.
AMEV 06/07 Test BO 7.06 +0.96 4.75 6 586K 102K 4.44
Current.
AMSWA 07/29 Cup hdl 5.61 +0.04 5.86 7.55 97K 197K 5.44
Buy Not Issued. Rallied higher but volume was not there and it fell
back giving up most of the gain.
ASML 07/29 Cup hdl 12.94 +0.01 13.42 16.35 2M 5.1M 12.44
Buy Not Hit.
AVP 03/29 BO 62.13 -0.31 57.58 65.88 1M 1.7M 61.68
Current.
BCR 07/03 Test 50 68.75 -1.05 72.94 84 484K 600K 70.85
Buy Not Hit.
BDX 07/17 Put 37.56 -0.15 36.92 34.25 1M 900K 38.25
Buy Not Issued.
BEBE 07/01 Test BO 22 -0.34 20.9 24.95 393K 321K 21.24
Current.
CECO 07/19 Test 18 83.55 +0.3 75.74 86.55 365K 1.2M 78.05
Current.
CECO 05/29 Test 50 83.55 +0.3 62.55 73.45 365K 1M 78.05
Current.
CELL 07/21 Cup hdl 26.9 +1.7 19.25 23.25 1.7M 225K 17.82
Current.
CHINA 07/29 Test 18 12.52 -0.38 13.88 17.35 6.3M 15M 12.88
Buy Not Hit.
CHINA 06/21 Test BO 12.52 -0.38 7.95 9.55 6.3M 2.8M 11.78
Current.
CHMD 06/10 FlyPlat 11.88 +0.03 10.54 12.55 121K 155K 11.06
Current.
CHRD 07/28 Test BO 2.99 +0.49 2.43 3.12 4.9M 822K 2.18
Buy Not Issued. Exploded higher, but a stock that internet outages
prevented delivery to all subscribers. Several alerts
were unsuccessful so we hled off in deference to subscribers.
Huge move; good entry point.
CHS 07/23 Test BO 25.57 +0.25 25.65 30.75 584K 2.2M 24
Buy Not Issued.
COCO 07/19 Test 50 54.71 -0.18 54.15 64.75 506K 1.2M 50.36
Current.
COH 07/10 BO 53.34 -0.86 55.79 65 822K 1.4M 51.88
Current.
COHU 07/24 Rv H&S 18.97 +0.77 19.85 23.88 154K 155K 18.46
Buy Not Hit.
CUB 07/04 Cup hdl 24.6 -0.04 24.35 28.95 54K 206K 23.06
Buy Not Issued.
DSPG 07/19 A Wedge 26.39 -0.16 25.96 31.45 316K 536K 23.94
Current.
DVA 05/17 Cup hdl 28.37 -0.47 25.11 30 903K 573K 27.55
Current.
EBAY 03/08 BO 108.16 +0.02 80.08 92 6.5M 8M 105.55
Current.
EMBT 07/26 Cup hdl 8.2 +0.02 8.75 10.48 673K 400K 8.14
Buy Not Issued.
ETN 05/31 Cup hdl 84.1 +0.55 86 100 698K 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 18.25 +0.41 18.96 23 355K 800K 17.55
Buy Not Hit.
FRNT 07/24 Cup hdl 11.71 -0.82 13.46 16.35 730K 686K 12.44
Buy Not Hit.
GDW 05/01 Test BO 83.6 -0.33 83.6 95.88 413K 900K 82.94
Current.
GLDN 07/12 Test BO 26.54 -0.32 28.05 33.75 85K 200K 26.09
Buy Not Issued.
GPRO 06/17 A Wedge 57.39 +1.55 41.75 48 956K 766K 49.94
Current.
GPRO 04/05 Dbl btm 57.39 +1.55 26.5 30.75 956K 521K 49.94
Current.
HB 06/16 Put 53.5 +1.9 49.95 46.95 551K 175K 50.78
Exited.
HPOL 07/08 Test BO 7.95 -0.06 7.22 8.95 591K 541K 6.68
Current.
HPOL 06/14 Test BO 7.95 -0.06 6.7 8.38 591K 541K 6.68
Current.
IGT 06/18 PreSplt 25.55 -0.3 24.05 25.65 2.2M 1M 25.35
INB 07/29 Cup hdl 8.96 +0.02 9.32 11.65 20K 80K 8.62
Buy Not Hit.
INB 06/24 Cup hdl 8.96 +0.02 6.15 7.88 20K 80K 8.38
Current.
INTU 06/26 Put 42.27 -0.46 43.95 39.35 2.5M 6M 42
JBHT 07/26 FlyPlat 46.78 -0.3 47.74 54.94 397K 750K 44.65
Buy Not Hit.
JBLU 07/26 BO 44.95 -0.99 46.32 55.64 719K 1.5M 43.88
Current.
KSWS 07/12 Test 50 35.95 +1.42 37.12 44.65 699K 312K 34.65
Buy Not Issued.
KSWS 04/21 FlyPlat 35.95 +1.42 30.66 35.75 699K 304K 36.94
LIN 07/26 Saucer 25.79 -0.68 27.24 32.65 611K 942K 25.42
Buy Not Hit.
LM 07/12 Test 18 69.09 -0.4 70.88 80 461K 700K 65.92
Buy Not Issued.
LM 05/06 Cup hdl 69.09 -0.4 58.5 67.78 461K 610K 67.65
Current.
LSI 07/22 Cup hdl 9.1 -0.29 9.5 11.48 3.2M 7.2M 8.84
Current.
LSTR 07/21 Put 62.41 -0.5 60.95 57.75 95K 200K 62.35
Buy Not Hit.
MATK 07/30 A Wedge 49.76 +3.3 50.25 57.85 2.7M 799K 46.73
New.
MRGE 07/19 Test BO 15.2 -0.28 16.35 19.65 159K 239K 14
MRGE 04/24 Rv H&S 15.2 -0.28 8.06 10.45 159K 65K 14.38
Current.
MXO 07/22 Test BO 9.71 -0.14 10.18 12.25 2.6M 4.6M 9.47
Current.
MYK 07/22 Cup hdl 12.56 -0.09 13.64 16.45 100K 363K 12.65
Buy Not Hit.
ONXX 07/19 Test 18 15.8 +0.08 15.48 18.55 222K 495K 14.28
Current.
OPSW 07/15 Test BO 5.41 +0.26 5.95 7.25 375K 850K 5.53
Buy Not Hit.
PCTI 07/24 Cup hdl 11.55 -1.17 14.06 16.88 826K 489K 12.96
Buy Not Hit.
PDLI 06/19 Put 12.75 -1.15 14.75 12.04 5.2M 2.5M 14.25
Current.
PIXR 07/30 Test 18 67.59 +0.58 68.25 78.48 628K 1.3M 65.55
Buy Not Hit.
PIXR 07/05 Cup hdl 67.59 +0.58 62.8 71.75 628K 1.2M 65.94
Current.
PPE 07/12 Test BO 8.98 -0.08 9.28 12 947K 1.6M 8.82
Buy Not Hit.
PTEK 07/29 Cup hdl 6.22 +0.15 6.18 8 781K 276K 5.73
Buy Not Issued. Looks solid. good enough to enter but it tested back
and rallied late to close near the high. Good action
and will look for positions Thursday.
PWAV 07/15 Test BO 7.39 +0.07 8.12 9.75 717K 2.1M 7.45
Buy Not Hit.
QDEL 07/02 A Wedge 6.8 -0.12 6.8 8.12 26K 125K 6.32
Current.
SBUX 07/01 Cup 26.87 +0.49 26.3 30.94 2.8M 6M 25.85
Current.
SLM 06/24 Test 18 41.66 +0.22 42.88 49.25 1.1M 3.5M 41
Buy Not Hit.
SOHU 06/21 Test 50 39.35 -1.45 28.5 35 2M 2.5M 32.48
Current.
STT 07/23 Cup hdl 45.43 +0.12 45.59 54 1.3M 2.8M 43
Buy Not Issued.
TSAI 07/30 Cup hdl 10.5 +0.74 10.72 12.88 378K 240K 9.84
New.
TSCM 07/17 Rv H&S 5.6 -0.04 5.82 7.55 98K 210K 5.38
Buy Not Hit.
TSCO 07/29 Test BO 55.95 +0.44 54.25 62.45 166K 494K 52.25
Buy Not Hit.
TSCO 07/05 Test 50 55.95 +0.44 51.25 60 166K 500K 50.45
Current.
TSCO 06/03 Rv H&S 55.95 +0.44 46.85 55.25 166K 603K 50.45
Current.
TSCO 04/24 Cup hdl 55.95 +0.44 43.75 52 166K 603K 50.45
Current.
TSCO 04/03 Rv H&S 55.95 +0.44 38.6 44.38 166K 577K 50.45
Current.
TYL 07/26 Cup hdl 5.32 -0.18 5.48 6.88 585K 240K 5.15
Current.
UCBH 03/24 Cup 30.99 +0.09 22.03 24.75 204K 200K 29.45
UNTD 07/12 Test BO 30.19 0 28.8 34.12 961K 2.1M 27.72
Current.
UNTD 05/29 Flat 30.19 0 23.45 28 961K 2M 27.72
Current.
UOPX 10/10 Rv H&S 57.48 +0.68 48.6 58 139K 350K 52.55
Current.
VSEA 07/12 Test BO 33.26 -0.71 34.5 40.95 535K 1.4M 32.08
Current.
WSH 07/12 Put 30.53 +0.06 28.65 26 651K 1.4M 29.85
Current.
WWCA 07/23 BO 14.36 -0.17 14.48 17.45 376K 824K 13.47
Current.
WWCA 05/22 BO 14.36 -0.17 11.42 13.85 376K 824K 13.35
Current.
XMSR 07/16 Cup hdl 13.47 -0.36 14.25 17.25 2.6M 11M 13.12
Buy Not Hit.
XOMA 07/28 Rv H&S 7.59 +0.54 7.15 8.68 3.8M 1.5M 6.65
Buy Not Issued. Super move but internet interruptions caused the alert
not to reach all subscribers including our computer.
In that situation we dont enter in deference to subscribers.
It was a super move to enter, however.
ZBRA 07/26 Test 50 76.76 -0.39 80.65 92 457K 485K 77.24
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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stock split
stock recommendation
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