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us stock market, stock split
Begin part 2 of 2
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: 08/25/2003
PLXT (PLX Technology--$5.3; +0.05; optionable): Semiconductor integrated circuit
http://biz.yahoo.com/p/p/plxt.html
STATUS: Cup w/handle. Currently in the handle of a 9 month base. The handle is 2 months long and forming on very low volume just as it should. Accumulation in the base is a solid 12 to 4 (12 up weeks on rising volume to 4 down weeks on rising volume). Oustanding money flow to match the accumulation. While other semiconducotrs are coming back from their moves, PLXT has taken its time, continuing to form its solid base. That will provide it the foundation for a strong move, but we have to wait for the breakout.
Volume: 75.616K Avg Volume: 232.363K
BUY POINT: $5.55 Volume=325K Target=$6.93 Stop=$4.98
POSITION: PIU AA - Jan. $5c (64 delta) &/or Stock
http://www.investmenthouse.com/cs/plxt.html
Post-Split
Play Date: 08/25/2003
ERES (Eresearch Tech--$30; +0.79; optionable): Medical labs
http://biz.yahoo.com/p/e/eres.html
STATUS: Test breakout. ERES was a huge winner for us in 2002 and up to mid-July. It needed a rest after that long run, and it has come back to test the 50 day MVA (24.27), building higher up that support level with a constant high at 28. It was something of an ascending triangle, and it blasted higher last Wednesday and Thursday on strong volume. It is now moving laterally and testing the move on lower, below average volume. Super money flow and relative strength. Looking for it to resume the move higher on a storng volume surge as our entry point.
Volume: 385.971K Avg Volume: 624.59K
BUY POINT: $30.62 Volume=937K Target=$36.22 Stop=$27.94
POSITION: UDB LF - Dec. $30c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/eres.html
CONTINUING LEADER PLAYS
Play Date: 07/26/2003
EMBT (Embarcadero Technologies--$8.67; +0.19; optionable): Business software
http://biz.yahoo.com/p/e/embt.html
STATUS: Cup w/handle. We were tempted to step in Monday as EMBT moved higher and up to the buy point, but volume was not there and the stock backed off. It looks super with money flow leading higher and relative strength breakking out. That is icing on the cake to the excellent accumulation at 9 to 3. Straining to make the move, but as it was today, we need to see the volume and the move stick into the close.
Volume: 114.37K Avg Volume: 200.363K
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
Play Date: 08/19/2003
GLDN (Golden Telecom--$30.1; +0.3; no options): Wireless communications (Russia)
http://biz.yahoo.com/p/g/gldn.html
STATUS: Testing the breakout. Still in the nice breakout test, GLDN tapped down to the 18 day MVA on the Monday low (28.80) and rebounded to post a small gain. Volume was lower though still just above average. A very nice test and we are looking for GLDN to resume its move. ready to jump all over this one if we see it charging ahead on volume.
Volume: 219.409K Avg Volume: 157.954K
BUY POINT: $30.45 (orig. $30.40) Volume=200K Target=$36.48 Stop=$29.36
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/gldn.html
Play Date: 08/21/2003
QCOM (Qualcom--$38.98; +0.11; optionable): Telecom equipment and licensing
http://biz.yahoo.com/p/q/qcom.html
STATUS: Double bottom w/handle. Forming a very nice handle to its 7 week base, working laterally below 39 as the 10 day MVA (38.36) moves up from below. Super money flow and relative strength is moving up to make a breakout. Very nice pattern, but we want to see a breakout holding to the close.
Volume: 5.99M Avg Volume: 25.888M
BUY POINT: $39.58 Volume=12M Target=$47.55 Stop=$37.58
POSITION: AAW AH - Jan. $40c (47 delta) &/or Stock
http://www.investmenthouse.com/cs/qcom.html
PRE-ANNOUNCEMENT PLAYS
We are putting full write-ups of those pre-announcement stocks that are ready to make moves. As the other pre-announcement candidates reach new buy points we will put them on as well. We want to keep the report focused on those stocks ready to make moves. The following is a summary table of current pre-announcement plays.
Continuing Pre-Announcement Plays:
Play Date: 08/23/2003
KSWS (K-Swiss--$39; +1.4; optionable): Athletic shoes. Forecast to announce a 2 for 1 split on 10-28-03 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 split 2 for 1 split in June 2002 at $45. Before that it announced a 2:1 split on 2-8-99 at a stock price of $46.15. The annual shareholder meeting was on 5-22-03 at which time no additional shares were authorized. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/k/ksws.html
STATUS: Cup w/handle. Started up Monday on a nice increase in volume, but it could not hold the move to the close. We really thought about entering, but decided to wait to see what Tuesday brings. If it starts up again we will open some positions. Accumulation is positive at 2:1 in the short base, and this is on top of good buying all the way up.
Volume: 242.613K Avg Volume: 195.227K
BUY POINT: $39.19 Volume=284K Target=$47 Stop=$37.32
POSITION: SWU AH - Jan. $40c (39 delta) &/or Stock
http://www.investmenthouse.com/cs/ksws.html
PRE-SPLIT PLAYS:
Play Date: 08/16/2003
COH (Coach--$54.93; -0.56; optionable): Handbags and such. Splits 2:1 on 10-2-03
http://biz.yahoo.com/p/c/coh.html
STATUS: Flat base. Still making the light volume pullback on lower, below average volume. COH tapped toward the 18 day MVA (54.41) on the low and recovered to close at the 10 day. As we said, COH is giving us another chance here after a nice volume break higher Wednesday and Thursday.
Volume: 386K Avg Volume: 881.681K
BUY POINT: Has tested $55, now $55.32 on the way back up. Volume=950K Target=$63.75 Stop=$54.88
POSITION: COH KK - Nov. $55c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/coh.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 56.09 +0.26 56.45 65.85 105K 400K 52.5
Buy Not Issued.
ACV 07/19 BO 56.09 +0.26 54.8 65.85 105K 400K 55.86
Current.
AMT 08/16 Cup hdl 10.65 -0.25 10.64 12.77 831K 2.8M 10.36
Current.
ANAD 08/16 Cup hdl 4.02 -0.26 4.27 5.32 435K 625K 3.99
Current.
APOL 08/14 Test 50 62.32 -1.49 65.88 75.45 1.8M 2M 63.58
Current. Gapped to the 50 day. Not much we could do with it there on the Barron's valuation questions, so we will see if it can bounce here to 63 to 64.
BAC 08/23 Put 77.66 -0.72 79.25 76 7M 6M 80.35
Buy Not Issued. Did not make the bounce to test 80 so we decided to
wait & let it come.
BBBY 08/16 Cup 42.53 -0.06 41.88 48 2.1M 5.2M 39.28
Buy Not Issued.
BEBE 07/01 Test BO 21.22 -0.33 20.9 24.95 62K 321K 21.62
Exited. Used a trailing stop to exit as BEBE fell back toward
the 50 day MVA.
BGEN 08/05 Put 38.07 +0.76 36.42 33.25 1.3M 4M 38.15
Buy Not Issued.
BHE 08/12 FlyPlat 42.81 -0.58 42.95 49 260K 550K 41.94
Current.
BSX 07/31 Cup hdl 65.75 +0.14 66.53 76.35 1.5M 5M 64.24
Current.
CBK 07/31 Flat 41.2 +0.57 40.15 46 282K 450K 40.34
Current.
CCMP 08/13 Cup hdl 65.95 -1.05 65.5 74.88 535K 1.2M 64.94
Current.
CECO 07/31 FlyPlat 43.91 -1.18 85.72 95.25 1.1M 1M 86.93
Current.
CECO 07/19 Test 18 43.91 -1.18 75.74 86.55 1.1M 1.2M 86.93
Current.
CECO 05/29 Test 50 43.91 -1.18 62.55 73.45 1.1M 1M 86.98
Current.
CELL 07/21 Cup hdl 30.43 -1.07 19.25 23.25 232K 225K 29.49
Current.
CHIR 08/20 Dbl btm 50 +0.49 49.55 56.95 1.5M 2.8M 49.34
Current.
CHRD 07/28 Test BO 3.45 -0.24 3.22 4.05 1.2M 822K 3.22
Current.
CHS 07/23 Test BO 27.2 -0.48 27.05 31.25 745K 2.2M 27.18
Current.
CLE 08/16 Cup hdl 33.72 -0.56 31.32 37.62 413K 884K 29.45
Buy Not Issued.
COCO 07/19 Test 50 54.32 -2.61 54.15 64.75 940K 1.2M 55.65
Exited.
COH 08/16 PreSplt 54.93 -0.56 55.32 63.75 386K 950K 54.78
Current.
COH 07/10 BO 54.93 -0.56 55.79 65 386K 1.4M 54.88
Current.
COLM 08/14 Flat 50.49 -1.01 54.12 64.95 122K 475K 51.85
Buy Not Hit.
CPWM 07/31 Test 50 38.14 -0.51 40.06 48 247K 375K 37.94
Buy Not Issued.
DADE 07/08 Flat 26.3 -0.69 24.92 29.94 164K 435K 26.24
Exited. Sold back thru the stop point but managed to recover
the 18 day. If it holds we will look to get in for
the next move.
DG 08/12 Cup hdl 20.07 -0.02 19.85 23.88 766K 2.9M 19.58
Current.
DHR 08/07 DB hdl 75.31 -0.91 74.63 85.75 733K 1.6M 74.78
Current.
DSPG 07/19 A Wedge 26.65 -0.09 25.96 31.45 208K 536K 26.45
Current.
EBAY 08/02 PreSplt 111.49 +0.51 107.55 120 4.1M 9M 107
Current.
EBAY 03/08 BO 111.49 +0.51 80.08 92 4.1M 8M 107
Current.
EMBT 07/26 Cup hdl 8.67 +0.19 8.75 10.48 114K 400K 8.14
Buy Not Issued. Thought hard about it, but the volume was not even
high enough to justify a partial position.
ERICY 08/11 Test 18 15.1 -0.11 14.82 17.74 856K 5M 14.82
Current.
ETN 05/31 Cup hdl 89.75 -0.26 86 100 371K 650K 86.94
Current.
FOSL 08/09 Test BO 27.6 -0.05 27.58 32.95 102K 362K 27.38
Current.
FRNT 07/24 Cup hdl 14.95 -1.03 14.88 17.78 1.2M 686K 14.72
Current.
GDW 08/09 A Wedge 86.51 -0.19 86.95 100 443K 923K 85.55
Current.
GLDN 08/19 Test BO 30.1 +0.3 30.4 36.48 219K 200K 29.36
Current.
GPRO 06/17 A Wedge 58.56 -0.55 41.75 48 284K 766K 57.64
Current.
GPRO 04/05 Dbl btm 58.56 -0.55 26.5 30.75 284K 521K 57.62
Current.
GS 08/18 Dbl btm 86.73 -0.26 89.12 100 2M 4M 86.38
Buy Not Hit.
HAR 07/31 BO 87.37 +0.47 85.25 98 312K 420K 81.25
Buy Not Issued.
HBIO 08/14 Test BO 5.15 -0.08 5.1 6.54 75K 153K 4.94
Current.
HDTV 08/21 Cup hdl 3.89 +0.12 3.88 4.85 99K 125K 3.44
Buy Not Issued.
HYC 08/20 Flat 4.93 -0.07 5.21 6.55 102K 225K 4.72
Buy Not Hit.
IT 08/09 Cup hdl 10.26 +0.06 10.13 12.95 155K 421K 10.10
Current.
JBHT 07/26 FlyPlat 47.72 +0.16 47.74 54.94 311K 750K 44.65
Buy Not Issued.
JBLU 07/26 BO 51.6 -0.25 46.32 55.64 557K 1.5M 49.72
Current.
JCOM 08/12 PreSplt 58.9 +0.92 51.95 58 407K 1.4M 56.68
Current.
JWN 08/04 Cup hdl 24.74 -0.33 22.48 27 1.3M 1.4M 23.97
Current.
KSWS 08/23 Cup hdl 39 +1.4 39.19 47 237K 284K 37.32
Buy Not Issued. Really looked it over, but it was off the buy point
so we decided to catch it if it continues higher and
through the buy point Tuesday. Much better volume.
KSWS 07/12 Test 50 39 +1.4 37.85 44.95 237K 312K 37.25
Current.
LAVA 08/07 DB hdl 20.17 -0.66 21.85 26.25 418K 1.2M 20.48
Current.
LIN 07/26 Saucer 28.27 +0.18 27.24 32.65 484K 942K 25.42
Buy Not Issued.
LM 07/12 Test 18 70.9 -0.86 70.88 80 294K 700K 65.92
Buy Not Issued.
LM 05/06 Cup hdl 70.9 -0.86 58.5 67.78 294K 610K 69.88
Current.
LPSN 08/21 Test 18 3.02 +0.02 3.22 4.05 170K 425K 2.99
Buy Not Hit.
MATK 07/30 A Wedge 49.93 +0.08 50.25 57.85 327K 799K 46.73
Buy Not Hit.
MMSI 08/05 Test BO 20.84 -0.16 20.44 24.33 242K 183K 20.68
Current.
MRVL 08/02 Cup hdl 40.48 -1.21 38.5 46 3.3M 4.9M 39.88
Current.
MYL 08/19 Rv H&S 36.46 -0.81 36.71 43.74 899K 1.5M 35.65
Current.
NATI 08/23 Cup hdl 38.78 -0.68 40.37 48.45 135K 386K 38.15
New.
NDN 08/02 DB hdl 34.89 -0.05 35.12 42.25 152K 800K 4.08
Buy Not Issued.
ORLY 08/19 Flat 37.68 -0.35 38.35 46.05 300K 350K 35.88
Buy Not Hit.
PFG 08/09 Put 31 -0.39 31.88 30 882K 1M 31.65
Current.
PIXR 08/19 Flat 70.99 -0.9 70.68 81 365K 1.1M 68.22
Current.
PLXS 08/19 Cup hdl 15.87 -0.33 16.12 19.38 207K 400K 15.94
Current.
POOL 08/19 BO 40.21 -0.18 40.78 46.85 78K 259K 38.15
Buy Not Issued.
PRLS 08/11 A Wedge 3.34 +0.1 3.44 4.29 23K 110K 3.19
Current.
QCOM 08/21 DB hdl 38.98 +0.11 39.58 47.55 6M 12M 37.58
Buy Not Issued.
RARE 08/18 BO 36.35 -0.17 37.72 43.25 232K 300K 36.15
Current.
RIMM 07/31 Cup hdl 27.86 -0.88 27.52 31.25 1.4M 2.5M 27.18
Current.
RNT 08/07 A Wedge 19.6 -0.31 19.85 22.78 233K 140K 19.75
Exited.
ROST 08/09 Cup 47.93 +0.53 46.58 54.45 411K 1.6M 43.32
Buy Not Issued.
SBUX 07/30 Cup 27.18 +0.38 27.55 33 1.6M 6M 25.94
Buy Not Issued.
SBUX 07/01 Cup 27.18 +0.38 26.3 30.94 1.6M 6M 26.75
Current.
SINA 08/18 Test 50 30.04 -1.51 32.2 38.25 6M 10M 31.05
Current.
SLM 08/23 Put 39.6 -0.34 40.35 38.25 1.7M 1.5M 40.88
Buy Not Issued. Did not make the test so we held off. The doji indicates
it might make a bounce up to test before falling further.
SNPS 08/21 PreSplt 66.43 -1.08 69.6 77.75 1.3M 2.5M 65.44
Current.
SNWL 08/19 Test 50 6.03 -0.06 5.85 7.12 336K 800K 5.85
Current.
TKLC 08/02 Test BO 15.06 -0.14 15.96 18.95 185K 1M 14.96
Current.
TSA 08/23 DB hdl 30.02 -1.48 31.69 38 498K 400K 29.38
Buy Not Hit.
TSCO 07/29 Test BO 32.09 -0.32 28.06 31.44 409K 494K 29.45
Current.
TSCO 07/05 Test 50 32.09 -0.32 26.62 30 409K 500K 29.45
Current.
TSCO 06/03 Rv H&S 32.09 -0.32 23.42 27.62 409K 603K 29.45
Current.
TSCO 04/24 Cup hdl 32.09 -0.32 21.88 26 409K 603K 29.45
Current.
TSCO 04/03 Rv H&S 32.09 -0.32 19.3 22.19 409K 577K 29.45
Current.
TSYS 08/14 Test BO 2.78 -0.04 3.15 4 64K 120K 2.93
Buy Not Issued.
TUES 08/06 Cup hdl 33.96 +0.71 30.68 36.78 291K 309K 30.98
Current.
TXN 08/21 DB hdl 22.61 -0.2 23.64 28.88 12M 15M 21.88
Current.
UNTD 07/12 Test BO 36.35 -0.1 28.8 34.12 1M 2.1M 33.52
Current.
UNTD 05/29 Flat 36.35 -0.1 23.45 28 1M 2M 33.52
Current.
UOPX 08/14 BO 59.43 -1.97 61.78 74 216K 300K 58.98
Current.
WONE 08/23 Flat 3.29 -0.05 3.53 4.25 1.5M 150K 3.28
Buy Not Hit.
WYE 08/07 Dbl Top 42.05 +0.52 43.94 40.38 4.8M 6M 43.15
Buy Not Issued.
XOMA 07/28 Test BO 9.41 -0.04 8.35 10.24 756K 1.5M 8.93
Current.
ZMH 08/09 Test BO 48.76 -0.04 50.62 59 958K 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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us stock market
stock split
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