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us stock market, stock split
Begin part 2 of 2
SEMINARS ON CD
http://www.stockseminarsonline.com
This is Jon Johnson's own site devoted exclusively to seminars designed to teach you what you need to know about the stock market and stock movement and how to take advantage of those moves without incurring the usual high costs of travel and related expenses usually associated with seminars.
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.
NEW PLAYS: This section includes new plays from all sections other than pre-announcements.
Upside:
Play Date: 08/04/2003
JWN (Nordstrom--$21.54; +0.51; optionable): Apparel
http://biz.yahoo.com/p/j/jwn.html
STATUS: Cup w/handle. Starting to make a strong volume move in the handle to its 9 month base. Accumulation is a solid 9 to 7 (9 up weeks on rising volume to 7 down weeks on rising volume). A very nice handle that formed on low, below average volume and held the 18 day MVA (20.99) on the lows. Looks ready to provide the breakout as retail stocks continue to defy the pundits.
Volume: 1.006M Avg Volume: 926.045K
BUY POINT: $21.85 Volume=1.4M Target=$26.25 Stop=$20.78
POSITION: JWN JD - Oct. $20c (72 delta) &/or Stock
http://www.investmenthouse.com/cs/jwn.html
Play Date: 08/04/2003
SRA (Serono--$15.98; +0.16; optionable): Biotechnology
http://biz.yahoo.com/p/s/sra.html
STATUS: Cup w/handle. SRA is working in the handle of a 7 week base showing 2 to 1 accumulation. This base formed on top of the breakout from a 5 month reverse head and shoulders pattern in May. Excellent money flow, and given the market, of course relative strength is strong. Very nice handle holding at the 10 day MVA (15.84) with a nice, tight doji as volume surged. Looks ready to make the move with three huge volume spikes the past tow weeks. These are 'get ready' spikes.
Volume: 425.7K Avg Volume: 164.681K
BUY POINT: $16.74 Volume=247K Target=$20.12 Stop=$15.57
POSITION: SRA KC - Nov. $15c (72 delta) &/or Stock
http://www.investmenthouse.com/cs/sra.html
CONTINUING LEADER PLAYS
Play Date: 07/08/2003
AEOS (American Eagle Outfitters--$22.16; +0.07; optionable): Gen X apparel
http://biz.yahoo.com/p/a/aeos.html
STATUS: Breakout test. Snugging up to the 10 day MVA (21.53) a bit more on the session low, and then rebounding on rising volume. A very nice breakout test, and AEOS looks ready to make its next leg higher.
Volume: 1.784M Avg Volume: 1.443M
BUY POINT: New: $22.22.68 (orig. $21.49) Volume=1.9M Target=$25.45 Stop=$20.88
POSITION: AQU KD - Nov. $20c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/aeos.html
Play Date: 08/02/2003
TKLC (Tekelec--$14.51; +0.15; optionable): Telecom systems
http://biz.yahoo.com/p/t/tklc.html
STATUS: Testing the breakout. Gapped lower but then started back up, finishing the session with a modest gain on rising volume. TKLC just broke out of a 2 month cup base that formed immediately following the breakout from its first base off of the low in the in its long downtrend. The current base sports excellent 4 to 1 accumulation, excellent money flow, and relative strength that is ready to breakout as well. It made the test and now we just need to see stronger volume as it continues back up.
Volume: 510.621K Avg Volume: 690.545K
BUY POINT: $14.78 Volume=1M Target=$17.75 Stop=$13.75
POSITION: KQ KC - Nov. $15c (46 delta) &/or Stock
http://www.investmenthouse.com/cs/tklc.html
PRE-ANNOUNCEMENT PLAYS
Continuing Pre-Announcement Plays:
Play Date: 07/19/2003
ACV (Alberto-Culver--$55.48; +0.28; optionable): Personal products (beauty aids, etc.). No date pinpointed yet, but a good buy point.
BACKGROUND: Last announced a 2:1 split in February 1997 at a price of $50.
http://biz.yahoo.com/p/a/acv.html
STATUS: Testing the breakout. Tapped a bit lower toward the 18 day MVA on the low (54.83) and rallied back for a small gain on continued below average volume. It held 55 as we wanted, and now we need to see stronger volume and a strong shot higher.
Volume: 206.3K Avg Volume: 270.272K
BUY POINT: New: $55.77 (orig. $54.80) Volume=400K Target=$65.85 Stop=$54.38
POSITION: ACV IK - Sept. $55c (45 delta) &/or Stock
http://www.investmenthouse.com/cs/acv.html
Play Date: 07/30/2003
PIXR (Pixar--$68.59; +1.6; optionable): Animated movies
http://biz.yahoo.com/p/p/pixr.html
STATUS: Flying plateau. Started up Monday after testing the 18 day MVA on the low (66.11). volume was up but still below average. Looks very good and we just want to see some stronger volume on a further move higher.
Volume: 593.561K Avg Volume: 864.181K
BUY POINT: New: $69.06 (orig. $68.25) Volume=1.3M Target=$78.48 Stop=$65.55
POSITION: PQJ JM - Oct. $65c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/pixr.html
PRE-SPLIT PLAYS:
Play Date: 07/31/2003
BSX (Boston Scientific--$64.22; +0.38; optionable): Medical instruments
http://biz.yahoo.com/p/b/bsx.html
STATUS: Cup w/handle. Working in the handle of its 7 week base, holding the strong move higher last week as volume has backed off. Just being patient and letting the stock complete its lateral move and then breakout over the recent high.
Volume: 2.171M Avg Volume: 3.742M
BUY POINT: $64.81 Volume=5M Target=$74.55 Stop=$60.55
POSITION: BSX IL - Sept. $60c (74 delta) or BSX KM - Nov. $65c (45 delta) &/or Stock
http://www.investmenthouse.com/cs/bsx.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 55.48 +0.28 54.8 65.85 206K 400K 54.38
Current.
AEOS 07/08 Cup hdl 22.16 +0.07 21.49 25.45 1.8M 1.9M 20.88
Current.
AMAT 07/12 Cup hdl 19.77 +0.21 18.05 22.55 20M 40M 18.52
Current.
AMEV 07/26 A Wedge 6.84 +0.48 5.75 6.88 158K 200K 5.52
Current.
AMEV 06/07 Test BO 6.84 +0.48 4.75 6 158K 102K 4.44
Target Hit.
AMSWA 07/29 Cup hdl 5.35 -0.22 5.95 7.55 39K 197K 5.44
Buy Not Issued.
ASML 07/29 Cup hdl 13.64 +0.17 13.42 16.35 2.3M 5.1M 12.44
Buy Not Issued. Looked at it hard but another gap up an ddoji on some
low volume. Will let it test if it will.
AVP 03/29 BO 62.63 -0.21 57.58 65.88 857K 1.7M 61.68
Current.
BCR 07/03 Test 50 67.93 -0.05 72.94 84 394K 600K 70.85
Buy Not Hit.
BDX 07/17 Put 36.25 -0.55 36.92 34.25 1.5M 900K 38.25
Buy Not Issued.
BEBE 07/01 Test BO 21.78 -0.15 20.9 24.95 208K 321K 21.62
Current.
BSX 07/31 Cup hdl 64.22 +0.38 64.81 74.55 2.2M 5M 60.55
Buy Not Issued.
CBK 07/31 Flat 38.07 -0.03 40.06 46 182K 450K 37.26
Buy Not Hit.
CECO 07/31 FlyPlat 83.98 +0.18 85.25 95.25 474K 1M 79.28
Buy Not Hit.
CECO 07/19 Test 18 83.98 +0.18 75.74 86.55 474K 1.2M 78.72
Current.
CECO 05/29 Test 50 83.98 +0.18 62.55 73.45 474K 1M 78.72
Current.
CELL 07/21 Cup hdl 26.7 -0.42 19.25 23.25 392K 225K 24.35
Current.
CHINA 07/29 Test 18 11.68 -0.31 13.88 17.35 8.5M 15M 12.88
Buy Not Hit.
CHINA 06/21 Test BO 11.68 -0.31 7.95 9.55 8.5M 2.8M 11.78
Current.
CHMD 06/10 FlyPlat 11.35 -0.15 10.54 12.55 58K 155K 11.32
Current.
CHRD 07/28 Test BO 2.7 -0.01 2.43 3.12 379K 822K 2.18
Buy Not Issued.
CHS 07/23 Test BO 27.83 +0.2 27.05 31.25 1.5M 2.2M 25.85
Current.
CMVT 08/02 Dbl Top 14.43 +0.12 14.12 12 2.3M 3.5M 14.94
Buy Not Issued. Started lower but managed to rally off the lows. Still
in trouble.
COCO 07/19 Test 50 53.67 -0.18 54.15 64.75 486K 1.2M 52
Current.
COH 07/10 BO 52.8 -0.3 55.79 65 532K 1.4M 51.88
Current.
COHU 07/24 Rv H&S 19.95 -0.56 19.85 23.88 285K 155K 19.12
Current.
CPWM 07/31 Test 50 35.98 -0.47 40.06 48 317K 375K 37.94
Buy Not Hit.
CUB 07/04 Cup hdl 24.26 +0.15 24.35 28.95 154K 206K 23.06
Buy Not Issued.
DADE 07/08 Flat 25 +0.02 24.92 29.94 178K 435K 23.18
Current. Did not forget about it, and after a 50 day MVA test
DADE broke higher Friday on strong volume, its second
strong volume upside move in the past four sessions.
DSPG 07/19 A Wedge 26.2 -0.31 25.96 31.45 275K 536K 24.88
Current.
DVA 05/17 Cup hdl 27.51 +0.51 25.11 30 603K 573K 27.55
Current.
EBAY 08/02 Test 50 103.36 -1.92 107.05 120 11M 9M 104
Buy Not Hit.
EBAY 03/08 BO 103.36 -1.92 80.08 92 11M 8M 105.55
Current.
EMBT 07/26 Cup hdl 8.13 -0.03 8.75 10.48 93K 400K 8.14
Buy Not Issued.
ETN 05/31 Cup hdl 83.54 +0.12 86 100 584K 650K 83.94
Current.
EVOL 06/09 Test 50 7.25 +0.05 4.45 5.48 269K 307K 6.32
Current.
FFIV 07/14 A Wedge 17.92 -0.14 18.96 23 459K 800K 17.55
Buy Not Issued.
FRNT 07/24 Cup hdl 12.9 +0.31 13.46 16.35 550K 686K 12.44
Buy Not Issued.
GDW 05/01 Test BO 83.2 +0.07 83.6 95.88 799K 900K 82.94
Exited. Tapped all the way to the 50 day MVA and shook us out
and then rebounded.
GPRO 06/17 A Wedge 52.36 -1.73 41.75 48 559K 766K 51.65
Current.
GPRO 04/05 Dbl btm 52.36 -1.73 26.5 30.75 559K 521K 51.65
Current.
HAR 07/31 BO 82.5 -0.3 85.25 98 150K 420K 81.25
Buy Not Hit.
HPOL 07/08 Test BO 6.6 -0.5 7.22 8.95 626K 541K 6.68
Current.
HPOL 06/14 Test BO 6.6 -0.5 6.7 8.38 626K 541K 6.68
Current.
IGT 06/18 PreSplt 25.27 +0.21 24.05 25.65 2.4M 1M 25.35
INTU 06/26 Put 43.05 +0.19 41.8 38.05 2.5M 6M 43.68
Current. Another doji below the 50 day MVA.
JBHT 07/26 FlyPlat 45.38 -1.09 47.74 54.94 584K 750K 44.65
Buy Not Hit.
JBLU 07/26 BO 46.95 +0.8 46.32 55.64 822K 1.5M 44.05
Current.
JWN 08/04 Cup hdl 21.54 +0.51 21.85 26.25 1M 1.4M 20.78
New.
KSWS 07/12 Test 50 37.05 -0.07 37.12 44.65 188K 312K 34.65
Buy Not Issued.
KSWS 04/21 FlyPlat 37.05 -0.07 30.66 35.75 188K 304K 36.94
LIN 07/26 Saucer 25.5 -0.32 27.24 32.65 379K 942K 25.42
Buy Not Hit.
LM 07/12 Test 18 67.89 -0.56 70.88 80 398K 700K 65.92
Buy Not Issued.
LM 05/06 Cup hdl 67.89 -0.56 58.5 67.78 398K 610K 68.15
Current.
LSI 07/22 Cup hdl 9.42 -0.03 9.5 11.48 2.9M 7.2M 8.84
Current.
MATK 07/30 A Wedge 47.9 +1.21 50.25 57.85 437K 799K 46.73
Buy Not Hit.
MRGE 07/19 Test BO 14.61 +0.13 16.35 19.65 156K 239K 14
MRGE 04/24 Rv H&S 14.61 +0.13 8.06 10.45 156K 65K 14.38
Current.
MRVL 08/02 Cup hdl 35.35 +0.03 36.28 43.55 1.6M 4.9M 33.74
Buy Not Hit.
MXO 07/22 Test BO 9.85 -0.15 10.18 12.25 1.2M 4.6M 9.47
Current.
MYK 07/22 Cup hdl 12.07 -0.08 13.64 16.45 144K 363K 12.65
Buy Not Hit.
NDN 08/02 DB hdl 34.25 +0.24 35.12 42.25 198K 800K 4.08
Buy Not Hit.
ONXX 07/19 Test 18 15.36 -0.61 15.48 18.55 347K 495K 15
Exited. We got shaken out and it recovered. volume was up,
but backed off. Gave us a head fake and we took it
all the way.
OPSW 07/15 Test BO 5.6 -0.23 6 7.32 506K 850K 5.45
Current.
PDLI 06/19 Put 12.23 -0.12 14.75 12.04 1.4M 2.5M 13.12
Target Hit. Nice push low, took the gain, and then it rebounded.
PIXR 07/30 Test 18 68.59 +1.6 68.25 78.48 594K 1.3M 65.55
Buy Not Hit.
PIXR 07/05 Cup hdl 68.59 +1.6 62.8 71.75 594K 1.2M 65.94
Current.
PTEK 07/29 Cup hdl 6.15 +0.02 6.18 8 382K 276K 5.73
Buy Not Issued.
PWAV 07/15 Test BO 7.73 +0.1 8.12 9.75 1.1M 2.1M 7.45
Buy Not Hit.
RARE 07/24 Test 18 34.76 -0.24 36.06 41.48 146K 300K 34.45
Buy Not Hit.
RIMM 07/31 Cup hdl 28.28 +1 24.38 29.35 4.4M 2.5M 22.67
Buy Not Issued.
SBUX 07/30 Cup 26.95 -0.16 27.55 33 3.3M 6M 25.94
Buy Not Issued.
SBUX 07/01 Cup 26.95 -0.16 26.3 30.94 3.3M 6M 26.45
Current.
SLM 06/24 Test 18 41.21 +0.26 42.88 49.25 1.1M 3.5M 41
Buy Not Hit.
SOHU 06/21 Test 50 34.65 -2.53 28.5 35 5.5M 2.5M 32.48
Current.
SRA 08/04 Cup hdl 15.98 +0.16 16.74 20.12 426K 247K 15.57
New.
SYK 08/03 Test BO 75.47 -0.73 76.88 88.45 893K 1.1M 75.12
New.
TKLC 08/02 Test BO 14.51 +0.15 14.78 17.75 511K 1M 13.75
Buy Not Hit.
TSAI 07/30 Cup hdl 12.04 -0.36 11.75 13.88 496K 240K 10.96
Current.
TSCM 07/17 Rv H&S 5.29 -0.28 5.82 7.55 125K 210K 5.38
Buy Not Hit.
TSCO 07/29 Test BO 54.8 -0.91 55.75 62.45 261K 494K 51.85
Buy Not Hit.
TSCO 07/05 Test 50 54.8 -0.91 51.25 60 261K 500K 53.25
Current.
TSCO 06/03 Rv H&S 54.8 -0.91 46.85 55.25 261K 603K 53.25
Current.
TSCO 04/24 Cup hdl 54.8 -0.91 43.75 52 261K 603K 53.25
Current.
TSCO 04/03 Rv H&S 54.8 -0.91 38.6 44.38 261K 577K 53.25
Current.
TYL 07/26 Cup hdl 5.1 -0.07 5.48 6.88 249K 240K 5.15
Exited.
UCBH 03/24 Cup 30.18 -0.09 22.03 24.75 248K 200K 29.92
UNTD 07/12 Test BO 33.7 +0.06 28.8 34.12 1.3M 2.1M 30
Target Hit.
UNTD 05/29 Flat 33.7 +0.06 23.45 28 1.3M 2M 30
Current.
UOPX 10/10 Rv H&S 56.18 -1.03 48.6 58 161K 350K 55
Exited. Undercut the 18 day & we closed it with a trailing
stop just to see it rebound and recover a lot of the gain.
VSEA 07/12 Test BO 33.72 +0.76 34.5 40.95 678K 1.4M 32.08
Current.
WSH 07/12 Put 29.7 -0.35 28.65 26 685K 1.4M 29.85
Current.
WWCA 07/23 BO 14.72 -0.76 14.48 17.45 1.6M 824K 14
Current.
WWCA 05/22 BO 14.72 -0.76 11.42 13.85 1.6M 824K 14
Current.
XMSR 07/16 Cup hdl 13.72 -0.33 14.25 17.25 2.7M 11M 13.12
Buy Not Hit.
XOMA 07/28 Rv H&S 8.47 +0.27 7.15 8.68 1.8M 1.5M 6.65
Buy Not Issued.
ZBRA 07/26 Test 50 76.74 +0.05 80.65 92 215K 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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us stock market
stock split
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