stock split, stock research

Begin part 2 of 3

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.

Downside:

Play Date: 08/06/2003
GNTA (Genta, Inc.--$11.67; -0.28; optionable): Biotechnology
http://biz.yahoo.com/p/g/gnta.html
STATUS: Head and shoulders. Nice breakout from a cup w/handle in May, but peaked at 15 and formed the current 2 month bearish pattern. Tuesday GNTA broke the 50 day MVA (12.35) and then tanked lower Wednesday. It rebounded off of 11.20, and we are looking for another 50 day MVA test and then a roll down from there. Under distribution and money flow is leading lower.
Volume: 986.889K Avg Volume: 1.228M
BUY POINT: Test 12.35, then $11.94 on the way back down. Volume=1.1M Target=$9.76 Stop=$12.45
POSITION: GJU UV - Sept. $12.50c (-60 delta)
http://www.investmenthouse.com/cs/gnta.html

Upside:

Play Date: 08/06/2003
TUES (Tuesday Morning--$27.55; -0.13; optionable): Discount variety stores
http://biz.yahoo.com/p/t/tues.html
STATUS: Cup w/handle. A nice test back to the 18 day MVA (27.01) Wednesday, showing a doji at that level as TUES forms a double handle to its 15 month base. In early July it rallied up to 28, the point where it started to sell back and start the base, and then fell back to the 50 day MVA. It rallied back to 28 and has now made this nice dip to test that move. The higher low sets the stage for a breakout. Accumulation in the base is solid at 14 to 8 (14 up weeks on rising volume to 8 down weeks on rising volume). Retail continues to set up for the next move in anticipation of better economic times.
Volume: 459.436K Avg Volume: 205.863K
BUY POINT: $28.88 Volume=309K Target=$34.65 Stop=$26.94
POSITION: UUG LF - Dec. $25c (70 delta) &/or Stock
http://www.investmenthouse.com/cs/tues.html

PRE-ANNOUNCEMENT PLAYS

Continuing Pre-Announcement Plays:

Play Date: 07/19/2003
ACV (Alberto-Culver--$55.82; +0.41; 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. ACV was on the move Wednesday, up off the 18 day MVA (54.89) on some good volume, but then it gave up most of the move in the last hour. We were getting ready to move in and then watched it start falling further and further back. This is still a leader, and it is showing good interest with the volume we are seeing. Looking for another move up over 56 on strong volume.
Volume: 346K Avg Volume: 272.636K
BUY POINT: New: $55.77 (orig. $54.80) Volume=400K Target=$65.85 Stop=$54.54
POSITION: ACV IK - Sept. $55c (45 delta) &/or Stock
http://www.investmenthouse.com/cs/acv.html

Play Date: 07/19/2003
COCO (Corinthian Colleges--$53.2; -0.12; optionable): Education and training. Forecast to announce a split on 8-27-03 in conjunction with earnings. The company has not confirmed this date but based upon our research this is the date for the release.
BACKGROUND: Last announced a 2 for 1 split on 4-25-02 in conjunction with earnings. The stock price was $53.25. The annual shareholder meeting was on 11-21-02 at which time no additional shares were authorized. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/c/coco.html
STATUS: Flying plateau. A very tight doji right on the 10 day MVA (53.27) Wednesday on continued below average volume. This is an excellent test of the breakout from this leader. Need to see strong volume and holding the move into the close.
Volume: 514.715K Avg Volume: 726.181K
BUY POINT: New: $55.65 (orig. $54.15) Volume=1.2M Target=$64.75 Stop=$52
POSITION: UCS KJ - Nov. $50c (64 delta) &/or Stock
http://www.investmenthouse.com/cs/coco.html

PRE-SPLIT PLAYS:

Play Date: 07/31/2003
BSX (Boston Scientific--$63.2; -0.9; optionable): Medical instruments
http://biz.yahoo.com/p/b/bsx.html
STATUS: Cup w/handle. Still very solid in the handle to the 7 week base, moving laterally over the 10 day MVA (62.70) as it rises to meet the stock. That often triggers the next move. Great pattern, we just have to see if it can deliver the breakout.
Volume: 2.035M Avg Volume: 3.71M
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

Play Date: 07/31/2003
CECO (Career Education--$82.05; -0.68; optionable): Education and training. Splits 2:1 on 8-25-03
http://biz.yahoo.com/p/c/ceco.html
STATUS: Flying plateau. Tested the 18 day MVA on the low (80.52) and rebounded to close right on top of the 10 day MVA. Still in a very nice tight lateral pattern after the break higher, testing the move. Excellent money flow and relative strength. Just waiting for the next move.
Volume: 679.163K Avg Volume: 846.59K
BUY POINT: $85.25 Volume=1M Target=$95.25 Stop=$79.28
POSITION: CUY JQ - Oct. $85c (47 delta) &/or Stock
http://www.investmenthouse.com/cs/ceco.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 08/04 Test 18 55.82 +0.41 55.77 65.85 346K 400K 54.54
Buy Not Issued.

ACV 07/19 BO 55.82 +0.41 54.8 65.85 346K 400K 54.38
Current.

AMAT 07/12 Cup hdl 18.55 -0.32 18.05 22.55 27M 40M 18.52
Current.

AMEV 07/26 A Wedge 6.11 -0.31 5.75 6.88 92K 200K 5.52
Current.

AMEV 06/07 Test BO 6.11 -0.31 4.75 6 92K 102K 4.44
Current.

AMSWA 07/29 Cup hdl 5.4 +0.08 5.95 7.55 20K 197K 5.44
Buy Not Issued.

ASML 07/29 Cup hdl 12.61 -0.51 13.42 16.35 3.7M 5.1M 12.44
Buy Not Issued.

AVP 03/29 BO 62.23 -0.15 57.58 65.88 1.2M 1.7M 61.68
Current.

BCR 07/03 Test 50 68.18 +0.72 72.94 84 387K 600K 70.85
Buy Not Hit.

BDX 07/17 Put 37.43 +0.46 36.92 34.25 1.4M 900K 38.25
Buy Not Issued.

BEBE 07/01 Test BO 21.29 +0.03 20.9 24.95 159K 321K 21.62
Current.

BGEN 08/05 Put 36.18 -0.45 36.42 33.25 2.1M 4M 38.15
Buy Not Issued.

BSX 07/31 Cup hdl 63.2 -0.9 64.81 74.55 2M 5M 60.55
Buy Not Issued.

CBK 07/31 Flat 37.4 +0.36 40.06 46 152K 450K 37.26
Buy Not Hit.

CECO 07/31 FlyPlat 82.05 -0.68 85.25 95.25 679K 1M 79.28
Buy Not Hit.

CECO 07/19 Test 18 82.05 -0.68 75.74 86.55 679K 1.2M 78.72
Current.

CECO 05/29 Test 50 82.05 -0.68 62.55 73.45 679K 1M 78.72
Current.

CELL 07/21 Cup hdl 26.36 +0.12 19.25 23.25 216K 225K 24.35
Current.

CHINA 07/29 Test 18 10.27 -1.65 13.88 17.35 34M 15M 12.88
Buy Not Hit.

CHINA 06/21 Test BO 10.27 -1.65 7.95 9.55 34M 2.8M 11.78
Current.

CHRD 07/28 Test BO 2.98 -0.07 2.43 3.12 1.7M 822K 2.18
Buy Not Issued.

CHS 07/23 Test BO 27.3 +0.1 27.05 31.25 1M 2.2M 25.85
Current.

CMTL 08/05 Put 16.82 +0.42 16.24 14.12 553K 450K 17.56
Buy Not Issued.

CMVT 08/02 Dbl Top 13.66 -0.15 13.85 11.85 2.3M 3.5M 14.78
Current.

COCO 07/19 Test 50 53.2 -0.12 54.15 64.75 515K 1.2M 52
Current.

COH 07/10 BO 50.87 -1.37 55.79 65 898K 1.4M 51.88
Current.

COHU 07/24 Rv H&S 18.85 -0.26 19.85 23.88 71K 155K 19.12
Current.

CPWM 07/31 Test 50 35.6 -0.07 40.06 48 220K 375K 37.94
Buy Not Hit.

CUB 07/04 Cup hdl 23.95 +0.79 24.35 28.95 100K 206K 23.06
Buy Not Issued.

DADE 07/08 Flat 24.33 -0.67 24.92 29.94 124K 435K 23.18
Current.

DCEL 08/05 Flat 6.63 -0.09 7.06 8.48 1.2M 726K 6.54
Buy Not Hit.

DSPG 07/19 A Wedge 24.93 -0.89 25.96 31.45 181K 536K 24.88
Current.

DVA 05/17 Cup hdl 27.5 -0.04 25.11 30 439K 573K 27.55
Exited.

EBAY 08/02 Test 50 101.48 -0.74 107.05 120 9.4M 9M 104
Buy Not Hit.

EBAY 03/08 BO 101.48 -0.74 80.08 92 9.4M 8M 105.55
Current.

EMBT 07/26 Cup hdl 7.73 +0.03 8.75 10.48 327K 400K 8.14
Buy Not Issued.

ETN 05/31 Cup hdl 82.06 +0.3 86 100 559K 650K 83.94
Current.

FFIV 07/14 A Wedge 17 -0.1 18.96 23 391K 800K 17.55
Buy Not Issued.

FRNT 07/24 Cup hdl 12.71 -0.09 13.46 16.35 562K 686K 12.44
Buy Not Issued.

GNTA 08/06 H&S 11.67 -0.28 11.94 9.76 987K 1.1M 12.45
New.

GPRO 06/17 A Wedge 50.21 -2.04 41.75 48 566K 766K 51.65
Current.

GPRO 04/05 Dbl btm 50.21 -2.04 26.5 30.75 566K 521K 51.65
Current.

HAR 07/31 BO 79.8 -1.98 85.25 98 282K 420K 81.25
Buy Not Hit.

HPOL 07/08 Test BO 6.36 -0.2 7.22 8.95 1000 541K 6.68
Exited.

HPOL 06/14 Test BO 6.36 -0.2 6.7 8.38 1000 541K 6.68
Exited.

IDNX 08/05 Cup hdl 6.55 -0.31 7.28 8.85 385K 799K 6.77
Buy Not Hit.

IGT 06/18 PreSplt 24.67 +0.11 24.05 25.65 2.3M 1M 25.35

INTU 06/26 Put 42.31 -0.39 41.8 38.05 2.6M 6M 43.68
Current.

JBHT 07/26 FlyPlat 45.03 -0.81 47.74 54.94 338K 750K 44.65
Buy Not Hit.

JBLU 07/26 BO 46.34 -0.2 46.32 55.64 574K 1.5M 44.05
Current.

JWN 08/04 Cup hdl 21.77 +0.47 21.85 26.25 942K 1.4M 20.78
Buy Not Issued.

KSWS 07/12 Test 50 36.98 +0.34 37.12 44.65 98K 312K 34.65
Buy Not Issued.

KSWS 04/21 FlyPlat 36.98 +0.34 30.66 35.75 98K 304K 36.94

LIN 07/26 Saucer 25.32 0 27.24 32.65 178K 942K 25.42
Buy Not Hit.

LM 07/12 Test 18 67.58 +0.67 70.88 80 322K 700K 65.92
Buy Not Issued.

LM 05/06 Cup hdl 67.58 +0.67 58.5 67.78 322K 610K 68.15
Current.

LSI 07/22 Cup hdl 9.24 +0.14 9.5 11.48 4.1M 7.2M 8.84
Current.

MATK 07/30 A Wedge 46.38 -0.13 50.25 57.85 864K 799K 46.73
Buy Not Hit.

MMSI 08/05 Test BO 25.96 -0.16 26.72 32 116K 183K 25.55
Buy Not Hit.

MRGE 07/19 Test BO 14 -0.19 16.35 19.65 107K 239K 14
Exited.

MRGE 04/24 Rv H&S 14 -0.19 8.06 10.45 107K 65K 14.38
Exited.

MRVL 08/02 Cup hdl 35.02 +0.47 36.28 43.55 3M 4.9M 33.74
Buy Not Hit.

MXO 07/22 Test BO 9.31 -0.41 10.18 12.25 2.4M 4.6M 9.47
Exited.

MYK 07/22 Cup hdl 11.9 -0.16 13.64 16.45 204K 363K 12.65
Buy Not Hit.

NDN 08/02 DB hdl 33.56 -0.45 35.12 42.25 386K 800K 4.08
Buy Not Hit.

OPSW 07/15 Test BO 4.97 -0.28 6 7.32 630K 850K 5.45
Exited.

PIXR 07/30 Test 18 67.5 -0.77 69.06 78.48 374K 1.3M 66.12
Buy Not Issued.

PIXR 07/05 Cup hdl 67.5 -0.77 62.8 71.75 374K 1.2M 65.94
Current.

PTEK 07/29 Cup hdl 5.97 -0.34 6.18 8 476K 276K 5.73
Buy Not Issued.

PWAV 07/15 Test BO 7.48 +0.03 8.12 9.75 1.1M 2.1M 7.45
Buy Not Hit.

RARE 07/24 Test 18 34.26 -0.41 36.06 41.48 153K 300K 34.45
Buy Not Hit.

RIMM 07/31 Cup hdl 24.49 -0.63 24.38 29.35 6.5M 2.5M 22.67
Buy Not Issued.

SBUX 07/30 Cup 26.13 -0.17 27.55 33 2.9M 6M 25.94
Buy Not Issued.

SBUX 07/01 Cup 26.13 -0.17 26.3 30.94 2.9M 6M 26.45
Current.

SLM 06/24 Test 18 40.53 -0.21 42.88 49.25 838K 3.5M 41
Buy Not Hit.

SOHU 06/21 Test 50 32.27 -1.84 28.5 35 4.3M 2.5M 32.48
Exited.

SRA 08/04 Cup hdl 15.49 -0.38 16.74 20.12 75K 247K 15.57
Buy Not Hit.

SYK 08/03 Test BO 73.58 -0.7 76.88 88.45 1.2M 1.1M 75.12
New.

TKLC 08/02 Test BO 13.86 -0.5 14.78 17.75 388K 1M 13.75
Buy Not Hit.

TSAI 07/30 Cup hdl 11.84 -0.26 11.75 13.88 187K 240K 10.96
Current.

TSCO 07/29 Test BO 53.74 -0.08 55.75 62.45 203K 494K 51.85
Buy Not Hit.

TSCO 07/05 Test 50 53.74 -0.08 51.25 60 203K 500K 53.25
Current.

TSCO 06/03 Rv H&S 53.74 -0.08 46.85 55.25 203K 603K 53.25
Current.

TSCO 04/24 Cup hdl 53.74 -0.08 43.75 52 203K 603K 53.25
Current.

TSCO 04/03 Rv H&S 53.74 -0.08 38.6 44.38 203K 577K 53.25
Current.

TUES 08/06 Cup hdl 27.55 -0.13 28.88 34.65 459K 309K 26.94
New.

UCBH 03/24 Cup 29.63 -0.01 22.03 24.75 164K 200K 29.92

UNTD 07/12 Test BO 33.8 +0.43 28.8 34.12 929K 2.1M 30
Current.

UNTD 05/29 Flat 33.8 +0.43 23.45 28 929K 2M 30
Current.

VSEA 07/12 Test BO 32.76 +0.74 34.5 40.95 1.1M 1.4M 32.08
Current.

WSH 07/12 Put 28.6 -0.45 28.65 26 1.6M 1.4M 29.85
Current.

WWCA 07/23 BO 13.8 -0.62 14.48 17.45 829K 824K 14
Current.

WWCA 05/22 BO 13.8 -0.62 11.42 13.85 829K 824K 14
Current.

XMSR 07/16 Cup hdl 13.27 -0.78 14.25 17.25 6.6M 11M 13.12
Buy Not Issued.

XOMA 07/28 Rv H&S 8.21 -0.13 7.15 8.68 1.3M 1.5M 6.65
Buy Not Issued.

ZBRA 07/26 Test 50 74.75 -1.14 80.65 92 371K 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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