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Begin Part 4 of 4

ITG (Investment Tech Group--$54.50; -0.30; optionable):
http://biz.yahoo.com/p/i/itg.html
BACKGROUND: Last announced a split on 11-19-97 at a stock price of $70, and in December 1995 at $65. The annual shareholder meeting is scheduled for 5-16-01 at 1:00 pm ET at which time no additional shares will be authorized. The company has sufficient shares for a 2:1 split.
STATUS: Broke from something of a pennant pattern to finish the formation fo its cup, and after drifting into a little handle the stock tried a move today. It reached up to 56.63 intraday, but pulled back to close down while volume jumped up to 322,000 (average 229,800). We will see if it can form more of a handle here, looking for its to gradually pull back on lower volume and hold the 10 day MVA, back at 53.24.
BUY POINT: After a bit more consolidation here, a strong move back over 56 on continued strong volume.
POSITION: Stock and/or July $50 calls to buy (ITG GJ).

KMI (Kinder Morgan--$58.15; -0.57; optionable): Gas Utility.
http://biz.yahoo.com/p/k/kmi.html
BACKGROUND: Last announced a 3:2 split in October 1998 at a stock price of $50. It also split 3:2 in the $40 range in 1993. The annual shareholder meeting was on 5-9-00. We are currently unable to determine if any additional shares were increased.
STATUS: Holding onto the 18 day MVA (58.05), making a higher low in keeping with its ascending wedge pattern. It pulled back to that support today, so we will see if it can hold and move back up. For positions, we want a breakout. The highs are at 60, made in early March, April and now this week.
BUY POINT: Breakout 60.13 on above average volume (667,000; Friday 604,500).
POSITION: Stock and/or August $55 calls to buy (KMI HK).

MERQ (Mercury Interactive--$73.50; -0.71; optionable): No announcement Friday with its annual shareholder meeting.
http://biz.yahoo.com/p/m/merq.html
STATUS: MERQ made another solid move in Monday's rally, and is one of the stocks that we note had a doji today and looks to have a pullback before moving back up. Looking for it to hold the 70 level on a pullback on continued light volume (down to 3.52 million today; average 5.29 million), with the 10 day MVA at 68.07. It took out the recent high of 73.25 Monday.
BUY POINT: A move up in a strong market after a pullback that holds support at 70.
POSITION: Stock and/or July $65 calls buy (RQB GM).

MMM (Minnesota Mining--$121.00; -2.09):
http://biz.yahoo.com/p/m/mmm.html
BACKGROUND: Last announced a 2:1 split on 3-15-94 in conjunction with a board meeting. The stock price was $102. The annual shareholder meeting is scheduled for 5-8-01 at 10:00 am CT at which time no additional shares will be authorized.
STATUS: A big breakout move last week out of its cup with handle pattern, but after hitting up to 127 the stock has drawn back. It looked good with a doji Monday, but fell back through that today, closing back on its 10 day MVA, just below its breakout point of 121.92. Volume also creeped up on the selling, but stayed below the average at 2.16 million (average 2.36 million). It has been a good move in a good pattern, so we will see if MMM can hold on here and give us another strong move back up toward the breakout high.
BUY POINT: A move back up on increased volume after holding support here.
POSITION: Stock and/or July $115 calls to buy (MMM GC).

NVDA (Nvidia--$92.90; +2.70; optionable): Semiconductor. Forecast to announce a split May 22 after the close with earnings.
http://biz.yahoo.com/p/n/nvda.html
BACKGROUND: The company last announced 5-16-00 after the close with earnings. Price was at $94, but the stock rose $8.74 that day in anticipation.
STATUS: NVDA has battled back after having abruptly dropped earlier this month and hitting down to lows its former handle (to a cup) near 75. The stock is trying to get back to its high at 95.28, but volume has been lacking on this move (today 4.4 million; average 5.1 million). Tuesday's candlestick was a loose doji, and before we look for another move we will see if the stock will dip back a bit, perhaps catching the 10 day MVA (89.12). It has already made four strong runs on this move up along the right side of the cup and breakout, so we will be careful to protect positions on a move up.
BUY POINT: Aggressive After holding the 10 day MVA, a move back up on stronger volume.
POSITION: Earnings play. Stock and/or June and September $85 calls to buy (RVU FP and RVU HQ).

RJR (RJ Reynolds--$58.12; -0.78; optionable): Tobacco.
http://biz.yahoo.com/p/r/rjr.html
BACKGROUND: Based upon our research it does not appear that RJR has ever split its stock. The annual shareholder meeting is scheduled for 4-25-01 at 9:00 ET at which time no additional shares will be authorized. The company has sufficient shares for a 2:1 split.
STATUS: Looked to be holding its 18 day MVA (59.06) to consolidate after pulling back from its breakout from a saucer pattern, but the last two sessions saw the stock pulled back. Today the volume was heavy (625,800; average 430,800) as the stock tapped its 50 day MVA at its low of 57.40. Not the type of price/volume action we want, but the 50 day has been strong support the last couple of months so we will see if the stock can hold on. We are not interested in positions until it can make a move over the recent highs in its little consolidation.
BUY POINT: Aggressive A move back over 61 on above average volume.
POSITION: Stock and/or August $55 calls to buy (RJR HK).

SRCL (Stericycle--$40.36; -2.38; optionable):
http://biz.yahoo.com/p/s/srcl.html
BACKGROUND: Based upon our research it does not appear that SRCL has ever split its stock. The annual shareholder meeting was on 5-11-00 at which time no additional shares were authorized. The company has sufficient shares for a 2 for 1 split.
STATUS: Has rolled over and today gapped below its 50 day MVA (42.52), an extremely bearish move. Volume was of course high, coming in at 585,700 (average 238,600). There is support here from March highs and recent lows, but the downward pressure is strong. After this type of move we can sometimes see a test of the former support, and when the move (on lower volume) fails we can try a put play on the move back down.
BUY POINT: After a failed move back up to the 50 day, a drop back down again on big volume selling.
POSITION: July $45 puts to buy (URL SI).

POST SPLITS REMAINING PLAYS:

CNL (Cleco--$24.08; +0.08): Utility. Splits 2:1 effective 5-22-01.
http://biz.yahoo.com/p/c/cnl.html
STATUS: Made a nice move into the split, and was able to maintain some momentum today, moving up close to its high at 24.24. It has formed a small, five week cup, and it could form a handle here, but we will also watch for a breakout.
PLAY: A move over 24.24 on continued strong volume (156,700 today; average 74,700), with stock.

EMLX (Emulex--$45.85; -2.59; optionable (UMQ): Computer Hardware: Peripherals
http://biz.yahoo.com/p/e/emlx.html
STATUS: EMLX had another good move Monday, but pulled back today after hitting 49.55. The last move was a solid one, bringing it up from support at the 50 day MVA (37.45) and over the recent high from early May. We will see if this pullback, which was on lower volume today at 7 million (average 64. million), can hold the 10 day MVA (43.07) and support the stock for a move back up in a rally.
PLAY: A move up in a rally after holding the 10 day MVA on a further, low volume drop, with stock and/or July $40 calls to buy (UMQ GH).

IVX (Ivax--$29.50; -0.75; optionable): Generic drugs. Splits 5:4 on May 21.
http://biz.yahoo.com/p/i/ivx.html
STATUS: Made a move up on the split, but peeled back a bit today. The stock is in a somewhat ragged handle to a cup base, but is not doing too badly, holding over its 10 day MVA (29.20) and selling on lighter volume today (945,500; average 1.05 million). Looking for it to hold, and we will see if it can muster post-split strength to move back up toward the high in the handle (formed when it broke from its cup without a handle), at 32.56.
PLAY: Aggressive A move back over 30.40 on above average volume, with stock and/or September $28 calls to buy (WMD IW).

JNPR (Juniper--$56.94; +0.41; optionable (JUX): Computer Hardware http://biz.yahoo.com/p/j/jnpr.html
STATUS: Is struggling now under its 50 day MVA (59.31), and today the stock showed a tight doji under that level. Volume has been low as the stock has made small steps up the last few sessions, and is not showing much strength. For positions, we need to see it hold (10 day MVA at 55.35), and in a rally finally make a strong move over the 50 day. The stock has been in a gradually descending consolidation that saw a high near 70 in mid-April.
PLAY: Aggressive A move over 60 on increased volume (down to 25 million today; average 29 million), with stock and/or July $55 calls to buy (JUX GK).

MKT (Advanced Marketing--$16.85; -0.09; no options): Basic Materials. Split 2:1 effective 5-14-01.
http://biz.yahoo.com/p/m/mkt.html
STATUS: Made a great run going into the split on a breakout from a nice, tight pennant pattern, and now has tested all the way down to that pattern again. At its low of 16 today MKT tapped its 50 day MVA, but rallied back to close with a doji on high volume (101,300; average 45,800). From here we can see if MKT can make a strong run back up off of the doji.
PLAY: A move over 17.50 on continued strong volume, with stock.

SEBL (Siebel--$54.72; -0.25; optionable) (SGW): Application Software
http://biz.yahoo.com/p/s/sebl.html
STATUS: SEBL made a great move Monday, blasting up on big volume. Like some of its tech brethren, the stock showed a tight doji Tuesday, which signals a probable pullback. We will look at 50 as the lower limit of support (the recent highs before the move Wednesday).
PLAY: A move back up on increased volume (17.2 million today; average 18.9 million), after a lower volume pullback holds the 50 level, with stock and/or August $45 calls to buy (SGW HI).

STZ (Constellation Brands--$38.50; -0.50; optionable): Wineries. Split 2:1 May 15.
http://biz.yahoo.com/p/s/stz.html
STATUS: Roared back up on Monday, but on no volume, and today it started to fall on even lighter, below average volume (169,400; average 179,000). It looks as if it will pull back to the 36-37 level before starting back up.
PLAY: After holding the 36 - 37 level, a move back up on increased volume, with stock and/or July $35 calls to buy (STZ GG).

Good Investing!
Jon 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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