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trade stock, stock split
Begin part 2 of 2
THE PLAYS
Wednesday good movers: AMEV; HBIO; JBLU; JCOM; PFG; PRLS; RARE; SINA; SNWL; TUES; XOMA
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: 08/20/2003
CHIR (Chiron--$48.89; +1.03; optionable): Biotechnology
http://biz.yahoo.com/p/c/chir.html
STATUS: Double bottom. CHIR is ready to make the breakout form a 7 week double bottom base sporting strong 5 to 1 accumulation (5 up price weeks on rising volume to 1 down price week on rising volume). We were looking for CHIR to form a handle as it moved up to the June high (49), but CHIR is showing no signs of slowing down as it moves to that level on rising, above average volume. Relative strength is breaking out on this move, a good confirmation of the surge even though it has not taken out the June high. We will look at entering positions on a breakout on continued strong volume. We will then wait for a move back to test the breakout and complete the buy on a move up from the breakout point on rising volume.
Volume: 1.854M Avg Volume: 1.872M
BUY POINT: $49.12 Volume=2.8M Target=$56.48 Stop=$46.18
POSITION: CIQ AJ - Jan. $50c (46 delta) &/or Stock
http://www.investmenthouse.com/cs/chir.html
Play Date: 08/20/2003
HYC (Hypercom--$4.98; -0.02; no options): Business equipment
http://biz.yahoo.com/p/h/hyc.html
STATUS: Flat base. Small businesses are doing better we hear from those catering to them. HYC is moving through a 4.5 month bast bouncing between 4 and 5. It is forming something of a handle the past three sessions, stalling out right at the top of the range at 5 and working laterally. Accumulation in the short base is an excellent 6 to 2. Money flow is strong, matching the solid accumulation. Very nice base has formed after rallying off the October low.
Volume: 196.1K Avg Volume: 150.318K
BUY POINT: $5.21 Volume=225K Target=$6.55 Stop=$4.72
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/hyc.html
CONTINUING LEADER PLAYS
Play Date: 07/26/2003
EMBT (Embarcadero Technologies--$8.4; -0.09; optionable): Business software
http://biz.yahoo.com/p/e/embt.html
STATUS: Cup w/handle. Still at the verge of a breakout, moving laterally just below 8.5 as volume starts to edge higher though still at below average levels. Strong money flow to match excellent 9 to 3 accumulation in the 7.5 month base.We have been waiting and are ready for the move.
Volume: 131.304K Avg Volume: 194.5K
BUY POINT: $8.75 Volume=400K Target=$10.48 Stop=$8.14
POSITION: MBQ KU - Nov. $7.50c (67 delta) &/or Stock
http://www.investmenthouse.com/cs/embt.html
PRE-ANNOUNCEMENT PLAYS
Continuing Pre-Announcement Plays:
Play Date: 08/16/2003
BBBY (Bed, Bath & Beyond--$42; +0.89; optionable): Home furnishings. Forecast to announce a split on 9-24-03 in conjunction with earnings. The company has not confirmed this date, but based upon our research this is the date for the announcement.
BACKGROUND: Last announced a 2 for 1 split on 7-13-00 in conjunction with a board meeting. The stock price was $39. The annual shareholder meeting was on 6-26-03 at which time no additional shares were authorized. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/b/bbby.html
STATUS: Cup. Volume was up Wednesday though still below average. BBBY is starting to move well and we were getting ready to enter but the volume was not quite there. Looking for a continued surge on some good early trade and we will start a position; not all, just a partial position. Accumulation at this juncture in the base is 2 to 2, a ratio that will improve as the stock moves up toward 44 to complete the cup.
Volume: 3.308M Avg Volume: 3.424M
BUY POINT: $41.88 Volume=5.2M Target=$48 Stop=$39.28
POSITION: BHQ KH - Nov. $40c (58 delta) &/or Stock
http://www.investmenthouse.com/cs/bbby.html
PRE-SPLIT PLAYS:
Play Date: 08/14/2003
TTI (Tetra Technologies--$34.95; -0.33; optionable): Technical services. Splits 3:2 on 8-22-03
http://biz.yahoo.com/p/t/tti.html
STATUS: Flying plateau. TTI is still moving laterally over the 10 day MVA (34.86), holding in a tight range as volume jumps higher this week. It is right before the split, and it looks as if TTI is tightening up and getting ready for the next move higher.
Volume: 146.4K Avg Volume: 77.681K
BUY POINT: $35.88 Volume=119K Target=$41.25 Stop=$33.94
POSITION: TTI LF - Dec. $30c (86 delta) &/or Stock
http://www.investmenthouse.com/cs/tti.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 56.31 +0.1 56.45 65.85 102K 400K 52.5
Buy Not Issued.
ACV 07/19 BO 56.31 +0.1 54.8 65.85 102K 400K 55.55
Current.
AMEV 07/26 A Wedge 6.77 +0.13 5.75 6.88 36K 200K 5.89
Current.
AMEV 06/07 Test BO 6.77 +0.13 4.75 6 36K 102K 5.89
Current.
AMT 08/16 Cup hdl 10.7 0 10.64 12.77 1.2M 2.8M 9.85
Current.
ANAD 08/16 Cup hdl 4.32 -0.05 4.27 5.32 392K 625K 3.88
Current.
APOL 08/14 Test 50 65.49 -0.6 65.88 75.45 1.2M 2M 63.58
Current.
AVP 08/14 Test 50 62.29 -0.29 64.78 74.5 802K 1.7M 62.75
Buy Not Hit.
AVP 03/29 BO 62.29 -0.29 57.58 65.88 802K 1.7M 62.92
Current.
BBBY 08/16 Cup 42 +0.89 41.88 48 3.3M 5.2M 39.28
Buy Not Issued. Looked hard at it but was falling in the last hour.
A late bounce pushed it past the buy point. Will be
ready for it on Thursday.
BEBE 07/01 Test BO 21.92 -0.08 20.9 24.95 51K 321K 21.62
Current.
BGEN 08/05 Put 37.95 +0.08 36.42 33.25 2.1M 4M 38.15
Buy Not Issued.
BHE 08/12 FlyPlat 42.8 +0.09 42.95 49 248K 550K 39.94
Current.
BSX 07/31 Cup hdl 64.55 -0.4 64.81 74.55 2.2M 5M 60.55
Buy Not Issued.
CBK 07/31 Flat 42.8 +0.1 40.15 46 162K 450K 38.94
Current.
CCMP 08/13 Cup hdl 66.54 +0.59 65.5 74.88 844K 1.2M 62
Current.
CECO 07/31 FlyPlat 92.54 -0.16 85.72 95.25 580K 1M 83.61
Current.
CECO 07/19 Test 18 92.54 -0.16 75.74 86.55 580K 1.2M 83.61
Current.
CECO 05/29 Test 50 92.54 -0.16 62.55 73.45 580K 1M 83.61
Current.
CELL 07/21 Cup hdl 31.44 -1.11 19.25 23.25 389K 225K 24.94
Current.
CHRD 07/28 Test BO 3.17 +0.11 3.22 4.05 641K 822K 2.99
Current.
CHS 07/23 Test BO 28.3 +0.01 27.05 31.25 796K 2.2M 26.56
Current.
CLE 08/16 Cup hdl 31.57 +0.13 31.32 37.62 359K 884K 29.45
Buy Not Issued.
COCO 07/19 Test 50 58.17 -0.53 54.15 64.75 616K 1.2M 53.84
Current.
COH 08/16 PreSplt 55.83 +1.05 55.32 63.75 639K 950K 53.88
Current.
COH 07/10 BO 55.83 +1.05 55.79 65 639K 1.4M 53.34
Current.
COLM 08/14 Flat 52.34 -0.17 54.12 64.95 110K 475K 51.85
Buy Not Hit.
CPWM 07/31 Test 50 38.78 -0.45 40.06 48 328K 375K 37.94
Buy Not Hit.
DADE 07/08 Flat 27.93 +0.39 24.92 29.94 175K 435K 25.42
Current.
DCEL 08/05 Flat 6.75 -0.22 7.22 8.68 1.4M 726K 6.61
Exited.
DG 08/12 Cup hdl 20.26 +0.15 19.85 23.88 1.8M 2.9M 18.88
Current.
DHR 08/07 DB hdl 76.23 -0.25 74.63 85.75 822K 1.6M 72.55
Current.
DSPG 07/19 A Wedge 27.95 +0.4 25.96 31.45 304K 536K 25.28
Current.
EBAY 08/02 PreSplt 110.36 +0.13 107.55 120 5.9M 9M 104.58
Current.
EBAY 03/08 BO 110.36 +0.13 80.08 92 5.9M 8M 105.55
Current.
EMBT 07/26 Cup hdl 8.4 -0.09 8.75 10.48 131K 400K 8.14
Buy Not Hit.
ERICY 08/11 Test 18 15.15 -0.37 14.82 17.74 2.5M 5M 13.82
Current.
ETN 05/31 Cup hdl 89.45 -0.29 86 100 388K 650K 84.98
Current.
FOSL 08/09 Test BO 27.91 -0.79 27.58 32.95 319K 362K 26.25
Current.
FRNT 07/24 Cup hdl 16.32 -0.1 14.88 17.78 365K 686K 13.84
Current.
GDW 08/09 A Wedge 86.17 +1.13 85.78 100 486K 923K 83.12
Buy Not Issued.
GLDN 08/19 Test BO 31.6 -1.16 30.4 36.48 824K 200K 28.35
Current.
GPRO 06/17 A Wedge 62.9 -0.14 41.75 48 173K 766K 54.98
Current.
GPRO 04/05 Dbl btm 62.9 -0.14 26.5 30.75 173K 521K 54.98
Current.
GPT 08/13 H&S 51.34 +0.2 50.02 47.48 311K 600K 51.66
Buy Not Hit.
GS 08/18 Dbl btm 87.7 -1.33 89.12 100 2.5M 4M 86.38
Buy Not Hit.
HAR 07/31 BO 86.57 -0.61 85.25 98 158K 420K 81.25
Buy Not Issued.
HBIO 08/14 Test BO 5.23 +0.21 5.1 6.54 39K 153K 4.74
Current.
IMAN 07/16 Cup hdl 6.3 +0.02 5.52 7 512K 244K 5.48
Current.
IT 08/09 Cup hdl 10.34 -0.16 10.13 12.95 524K 421K 9.42
Current.
JBHT 07/26 FlyPlat 47.76 +0.41 47.74 54.94 180K 750K 44.65
Buy Not Issued.
JBLU 07/26 BO 51.17 +1.7 46.32 55.64 1.2M 1.5M 46.64
Current.
JCOM 08/12 PreSplt 61.49 +2.24 51.95 58 394K 1.4M 51.28
Current.
JWN 08/04 Cup hdl 23.68 -0.04 22.48 27 969K 1.4M 22.18
Current.
KSWS 07/12 Test 50 38.87 +0.25 37.85 44.95 140K 312K 36.28
Current.
KSWS 04/21 FlyPlat 38.87 +0.25 30.66 35.75 140K 304K 36.94
LAVA 08/07 DB hdl 21.5 0 21.85 26.25 373K 1.2M 20.32
Current.
LIN 07/26 Saucer 26.53 +0.78 27.24 32.65 672K 942K 25.42
Buy Not Hit.
LM 07/12 Test 18 70.7 +0.01 70.88 80 206K 700K 65.92
Buy Not Issued.
LM 05/06 Cup hdl 70.7 +0.01 58.5 67.78 206K 610K 68.88
Current.
MATK 07/30 A Wedge 49.04 +0.54 50.25 57.85 558K 799K 46.73
Buy Not Hit.
MMSI 08/05 Test BO 21.19 +0.12 20.44 24.33 118K 183K 20.04
Current.
MRVL 08/02 Cup hdl 38.39 -0.32 38.5 46 4M 4.9M 36.12
Current.
MYL 08/19 Rv H&S 35.95 +0.09 36.06 43 1.4M 1.5M 34.12
Buy Not Hit.
NDN 08/02 DB hdl 34.9 -0.17 35.12 42.25 262K 800K 4.08
Buy Not Issued.
ORLY 08/19 Flat 37.49 +0.28 38.35 46.05 324K 350K 35.88
Buy Not Hit.
PFG 08/09 Put 31.91 -0.73 31.88 30 1.5M 1M 32.35
Current.
PIXR 08/19 Flat 67.95 -0.18 69.58 80 317K 1.1M 66.68
Buy Not Hit.
PLXS 08/19 Cup hdl 15.53 -0.17 15.86 19.05 656K 400K 14.68
Buy Not Hit.
POOL 08/19 BO 40.28 -0.38 40.78 46.85 212K 259K 38.15
Buy Not Hit.
PRLS 08/11 A Wedge 3.39 +0.14 3.44 4.29 588K 110K 3.17
Current.
RARE 08/18 BO 38.38 +1.68 37.72 43.25 462K 300K 35.25
Current.
RIMM 07/31 Cup hdl 27.64 -0.2 27.52 31.25 612K 2.5M 25.55
Current.
RNT 08/07 A Wedge 20.15 -0.2 19.85 22.78 142K 140K 19.44
Current.
ROST 08/09 Cup 47.49 -0.5 46.58 54.45 1.5M 1.6M 43.32
Buy Not Issued.
SBUX 07/30 Cup 27.13 +0.1 27.55 33 1.8M 6M 25.94
Buy Not Issued.
SBUX 07/01 Cup 27.13 +0.1 26.3 30.94 1.8M 6M 26.45
Current.
SIE 08/12 Test BO 23.64 -0.41 24.38 29.44 391K 709K 22.67
Buy Not Issued.
SINA 08/18 Test 50 33.27 +1.79 32.2 38.25 11M 10M 30.75
Current.
SLM 06/24 Test 18 41.34 -0.15 42.88 49.25 1M 3.5M 41
Buy Not Hit.
SNWL 08/19 Test 50 5.94 +0.35 5.85 7.12 3.4M 800K 5.28
Current.
SRA 08/04 Cup hdl 15.48 -0.21 16.74 20.12 137K 247K 15.57
Buy Not Hit.
SYK 08/03 Test BO 75.57 +0.03 76.88 88.45 461K 1.1M 75.12
Buy Not Hit.
TKLC 08/02 Test BO 15.32 -0.67 15.96 18.95 466K 1M 14.74
Current.
TSCO 07/29 Test BO 64.59 -0.01 56.12 62.88 808K 494K 54.94
Target Hit. Took part of the gain (166%) on the options.
TSCO 07/05 Test 50 64.59 -0.01 51.25 60 808K 500K 54.94
Target Hit. Took part of the 236% gain on options.
TSCO 06/03 Rv H&S 64.59 -0.01 46.85 55.25 808K 603K 54.94
Target Hit. Took the remaining option gain (245%) while letting
the stock run.
TSCO 04/24 Cup hdl 64.59 -0.01 43.75 52 808K 603K 54.94
Target Hit. Took the rest of the option gain for a 300% gain.
TSCO 04/03 Rv H&S 64.59 -0.01 38.6 44.38 808K 577K 54.94
Current.
TSYS 08/14 Test BO 2.91 -0.07 3.15 4 95K 120K 2.93
Buy Not Issued.
TTI 08/14 Test BO 34.95 -0.33 35.88 41.25 146K 119K 33.94
Buy Not Hit.
TUES 08/06 Cup hdl 33.36 +1.96 30.68 36.78 774K 309K 28.53
Current.
UNTD 07/12 Test BO 35.35 -0.8 28.8 34.12 985K 2.1M 31.62
Current.
UNTD 05/29 Flat 35.35 -0.8 23.45 28 985K 2M 31.62
Current.
UOPX 08/14 BO 61.48 -0.81 61.78 74 204K 300K 58.48
Current.
WYE 08/07 Dbl Top 42.3 -0.39 43.94 40.38 6.2M 6M 45.25
Buy Not Issued.
XOMA 07/28 Test BO 9.67 +0.52 8.35 10.24 2.1M 1.5M 7.85
Current.
ZMH 08/09 Test BO 48.27 -0.32 50.62 59 3.7M 3M 47.88
Buy Not Hit.
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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