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Begin part 2 of 2
THE PLAYS
Good movers Monday: CELL; DCGN; ENCY; FMTI; GPRO; HBIO; MND; MOBE; PLXT; SINA; SOHU
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: 09/22/2003
MIMS (MI Developments--$8.25; -0.05; optionable): Specialized health services
http://biz.yahoo.com/p/m/mims.html
STATUS: Cup w/handle. Currently forming the 3 week handle to its 5 month base, MIMS is working slightly lower on below average volume, holding over the 18 day MVA (8.08). Accumulation in the pattern is a solid 5 to 3 (5 up price weeks on rising volume to 3 down price weeks on rising volume), and money flow is surging higher even as the stock moves laterally. That is a nice little positive divergence that shows strength in the stock even as it works laterally and lower. Looking for a high volume move through the buy point.
Volume: 81.329K Avg Volume: 230.636K
BUY POINT: $8.88 Volume=346K Target=$10.68 Stop=$8.23
POSITION: OQX AU - Jan. $7.50c (69 delta) &/or Stock
http://www.investmenthouse.com/cs/mims.html
Downside:
Play Date: 09/22/2003
^SOXX (Philly Semiconductor Index--$449.14; -11.65; optionable): Philly semiconductor index
http://biz.yahoo.com/p/^/^soxx.html
STATUS: Put. This is an aggressive play, designed to take advantage of a turn down to the 50 day MVA (424) if the semiconductors break the 18 day MVA (449) in further market selling. Monday the index sold below the 18 day but managed to recover to hold that level on the close. Looking for it to take out the Tuesday low in further market selling. AS the trend is up this is an aggressive play.
BUY POINT: $446.25 Target=$425 Stop=$451
POSITION: SXX WI - Nov. $445p (-44 delta)
http://www.investmenthouse.com/cs/^soxx.html
CONTINUING LEADER PLAYS
Play Date: 09/20/2003
ELAB (Eon Labs--$39.98; +0.72; optionable): Drugs
http://biz.yahoo.com/p/e/elab.html
STATUS: Reverse head & shoulders. ELAB was getitng some volume Monday as it moved up off the 10 day MVA (38.54) and toward the breakout over 40. Trade was higher but still below average, and ELAB gave back 70 cents from its high. Still looks solid in the 11 week base with solid 4 to 2 accumulation. A very good looking pattern, but as with all patterns, it has to make the breakout on volume.
Volume: 255.104K Avg Volume: 264.272K
BUY POINT: $40.88 Volume=409K Target=$49 Stop=$38.12
POSITION: ESQ AH - Jan. $40c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/elab.html
Play Date: 09/04/2003
HGSI (Human Genome Sciences--$15.38; -0.37; optionable): Biotechnology
http://biz.yahoo.com/p/h/hgsi.html
STATUS: Cup w/handle. HGSI continues its very quiet, orderly work on its handle, again tapping the 18 day MVA (15.24) on the low on lower, below average volume. A very nice 3 month base with solid 5 to 2 accumulation. This very quiet trade is what typically precedes a breakout.
Volume: 836.979K Avg Volume: 2.012M
BUY POINT: $16.48 Volume=3M Target=$19.68 Stop=$14.88
POSITION: HQI AC - Jan. $15c (61 delta) &/or Stock
http://www.investmenthouse.com/cs/hgsi.html
PRE-ANNOUNCEMENT PLAYS
Play Date: 09/20/2003
COCO (Corinthian Colleges--$59.73; -0.27; optionable): Education and training. Forecast to announce a split on 10-29-03 in conjunction with earnings or 11-20-03 at its shareholder meeting.
BACKGROUND: Last announced a 2 for 1 split on 4-25-02 in conjunction with earnings. The stock price was $53.25.
http://biz.yahoo.com/p/c/coco.html
STATUS: Double bottom with handle. Still working on the handle to its nice, short 5 week pattern. Monday it tested back toward the 10 day MVA (58.63) on the low and rebounded. We were looking for a test of the 10 day, and that might be all we get as the education stocks showed relative strength Monday. Accumulation is solid at 2 to 0. Money flow is again ahead of price and relative strength is ready for another breakout.
Volume: 495.417K Avg Volume: 717.227K
BUY POINT: From here: $60.25 (orig. $59.55) Volume=1.1M Target=$69 Stop=$58.22
POSITION: UCS BL - Jan. $60c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/coco.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 58.42 0 58.45 67.45 208K 400K 57.29
Current.
ACV 07/19 BO 58.42 0 54.8 65.85 208K 400K 57.29
Current.
AMT 08/16 Cup hdl 10.32 -0.11 10.64 12.77 1.5M 2.8M 10.76
Current.
APOL 08/14 Test 50 68.4 +0.37 65.88 75.45 1.8M 2M 65.45
Current.
ASKJ 08/26 Rv H&S 21.48 -0.19 19.34 23.25 2M 3M 20.25
Current.
ATCO 09/20 Test BO 6.48 -0.94 7.62 9.22 596K 148K 7.09
Buy Not Hit.
AVP 08/14 Test 50 64.42 -0.71 66.68 76.32 1.1M 1.7M 64.42
Current.
BBBY 08/16 Cup 40.43 -1 43.68 50 2.4M 5.2M 42.22
Buy Not Issued.
BHE 08/12 FlyPlat 48.17 -0.69 42.95 49 354K 550K 46.25
Current.
BKST 08/30 Test 18 30.45 -0.85 28.88 33.42 71K 90K 28.72
Current.
BLUD 09/02 Cup hdl 29.45 +0.57 25.88 31.12 247K 304K 25.14
Buy Not Issued.
CECO 07/31 FlyPlat 48.59 -0.19 42.86 47.62 1.1M 1M 45.94
Current.
CECO 07/19 Test 18 48.59 -0.19 37.88 43.28 1.1M 1.2M 45.94
Current.
CECO 05/29 Test 50 48.59 -0.19 31.28 36.73 1.1M 1M 45.94
Current.
CELL 09/20 FlyPlat 34.73 +2.72 33.85 40.45 1M 538K 30.55
Current.
CELL 07/21 Cup hdl 34.73 +2.72 19.25 23.25 1M 225K 29.34
Current.
CHU 09/18 Rv H&S 7.63 -0.37 8.16 10 1.6M 600K 7.48
Buy Not Hit.
CMTL 08/30 Cup hdl 28.76 +0.51 26.28 31.38 619K 600K 25.78
Current.
COCO 09/20 DB hdl 59.73 -0.27 59.55 69 493K 1.1M 58.22
Buy Not Issued. Is making the test back toward the 10 day MVA on low
volume, just what we wanted. Could be ready Tuesday
or Wednesday.
COH 09/20 PreSplt 58 -0.68 59.49 68.45 614K 1.2M 57.94
New.
COLM 08/14 Flat 54.43 -0.82 54.12 64.95 232K 475K 53.94
Current.
CPTV 08/26 Cup hdl 7.39 -0.21 6.5 8.12 102K 200K 6.88
Current.
CRUS 09/02 Cup hdl 6.18 -0.28 6.41 8 577K 2.3M 6.24
Current.
CVNS 09/11 DB hdl 6.38 -0.1 6.25 7.88 43K 137K 5.77
Buy Not Issued.
DCGN 09/20 Test BO 4.18 +0.1 4.32 5.38 635K 315K 3.94
Current. Tanked off the high right at the close. Disappointing
but not the kiss of death, and it was bouncing right
back up after hours.
DG 08/12 Cup hdl 21.13 -0.29 19.85 23.88 996K 2.9M 21.04
Exited.
DJO 09/11 Cup 12.9 -0.02 12.36 14.85 41K 100K 11.56
Buy Not Issued.
DSCO 09/04 Flat 7.4 -0.35 8.14 10.18 344K 742K 7.42
Buy Not Issued.
EBAY 08/02 PreSplt 54.11 -0.8 53.78 60 8.9M 9M 53.02
Current.
EBAY 03/08 BO 54.11 -0.8 40.04 46 8.9M 8M 53.02
Current.
ELAB 09/20 Rv H&S 39.98 +0.72 40.88 49 255K 409K 38.12
Buy Not Hit.
EMBT 07/26 Cup hdl 10.21 -0.28 9.33 11.12 203K 400K 9.86
Current.
ENCY 09/08 Cup hdl 6.46 +0.15 5.65 6.98 500K 300K 5.48
Current.
ENMD 09/17 Cup 4.83 -0.16 5.18 6.48 704K 890K 4.44
Buy Not Issued.
ERICY 08/11 Test 18 15.66 -0.4 14.82 17.74 5M 5M 15.98
Exited.
ET 09/18 Cup hdl 9.89 -0.21 10.48 12.58 4.4M 7M 9.75
Buy Not Hit.
FMTI 09/18 Test BO 2.89 +0.24 2.66 3.33 421K 225K 2.22
Current.
GLDN 08/25 Test BO 29.06 -0.2 30.55 36.55 44K 200K 29.36
Buy Not Issued.
GLDN 08/19 Test BO 29.06 -0.2 30.4 36.48 44K 200K 29.72
Current.
GPRO 06/17 A Wedge 67.4 +1.4 41.75 48 805K 766K 60.55
Current.
GPRO 04/05 Dbl btm 67.4 +1.4 26.5 30.75 805K 521K 60.55
Current.
GS 08/18 Dbl btm 92.66 -1.07 90.12 100 3.7M 4M 90.28
Current.
HAR 09/20 FlyPlat 98.1 -1.83 101.68 117 195K 374K 99.42
New.
HBIO 08/14 Test BO 6.88 +0.23 5.1 6.54 241K 153K 6.24
Current.
HDTV 08/21 Cup hdl 4.8 +0.1 4.12 5.12 296K 125K 4.24
Current.
HGSI 09/04 Cup 15.38 -0.37 16.48 19.68 812K 3M 14.88
Current.
HYC 08/20 Flat 5.55 -0.13 5.22 6.55 169K 225K 5.48
Exited.
IGT 09/16 Rv H&S 28.11 -0.06 27.68 33.25 2M 4.7M 26.29
Buy Not Issued.
IMCL 09/06 A Wedge 45.18 -0.97 48.12 58.62 992K 3M 44.66
Current.
IT 08/09 Cup hdl 12.19 -0.19 10.13 12.95 466K 421K 11.38
Current.
JAH 09/06 Cup hdl 38.02 -0.97 33.72 40.45 347K 270K 35.71
JBLU 07/26 BO 57.96 -0.96 46.32 55.64 821K 1.5M 56.38
Current.
JCOM 08/12 PreSplt 43.49 +1.07 25.98 29 1.6M 1.4M 39.25
Current.
LM 07/12 Test 18 76.15 -0.33 72.48 82 531K 700K 70.45
Buy Not Issued.
LM 05/06 Cup hdl 76.15 -0.33 58.5 67.78 531K 610K 73.12
Current.
MATK 09/09 A Wedge 54.11 -1.03 52.25 59.85 259K 799K 52.54
Current.
MERQ 09/02 Rv H&S 49.2 -1.73 48 58 3.4M 4.5M 47.62
Current.
MIL 09/16 Test BO 47.45 -1.46 48.06 55.28 273K 516K 45.78
Buy Not Issued.
MMSI 08/05 Test BO 23.12 -0.51 20.44 24.33 198K 183K 22.94
Current.
MND 09/13 FlyPlat 5.6 +0.35 5.19 6.38 811K 1.2M 4.54
Current.
MOBE 09/15 Cup hdl 9.12 +0.39 8.7 10.88 1.9M 810K 7.88
Current.
MROI 08/27 Cup hdl 14.55 +0.03 14.3 17.15 88K 163K 13.88
Current.
MYL 08/19 Rv H&S 39.22 -1.05 36.71 43.74 1.7M 1.5M 38.88
Current.
NATI 09/02 DB hdl 42.39 -0.69 43.74 51.78 88K 386K 41.22
Buy Not Issued.
NMGC 09/18 Test BO 2.6 -0.02 2.92 3.65 188K 250K 2.62
Buy Not Hit.
NMSS 09/10 Test BO 2.43 -0.06 2.6 3.44 40K 148K 2.38
Current.
NSM 09/17 BO 34.79 -1.11 35.35 42 3.4M 5M 33.12
Current.
NTN 09/04 Test BO 2.84 +0.02 2.75 3.55 120K 195K 2.71
Current.
NTPA 09/11 FlyPlat 7.14 -0.42 7.35 9.35 233K 325K 6.96
Buy Not Issued.
NUVO 09/15 Cup 2.8 +0.1 2.94 3.75 473K 477K 2.55
Buy Not Hit.
OLGC 09/03 DB hdl 5.87 +0.15 5.55 6.94 209K 207K 5.48
Current.
ORLY 08/19 Flat 38.7 +0.25 38.44 46.05 314K 350K 35.88
Buy Not Issued.
PDCO 09/13 A Wedge 60.02 +0.32 56.78 68 696K 755K 54.22
Buy Not Issued.
PIXR 08/19 Flat 69.98 -1.67 70.68 81 266K 1.1M 71.08
Current.
PLMD 09/13 Test BO 54.15 -0.63 55.06 63.45 198K 325K 53.62
Buy Not Issued.
PLXS 08/19 Cup hdl 17.09 -0.62 16.12 19.38 452K 400K 17.02
Current.
PLXT 08/25 Cup hdl 8.05 +0.34 6.33 7.88 419K 325K 7.44
Target Hit. Took a partial gain and let the rest run. Run it did
as PLXT roared higher again on expanding volume after
a test lower that filled the gap.
PRLS 08/11 A Wedge 3.41 -0.03 3.44 4.29 16K 110K 3.42
Exited.
PTEK 08/26 Cup hdl 8.3 -0.39 6.74 8.65 2.3M 276K 8.28
Target Hit. Took some gain as PTEK came back some from that stellar
move. Going to let the rest of the position test 8
and see if it can rebound.
PTN 09/09 Rv H&S 4.35 -0.3 4.15 5.25 104K 329K 4.29
Current.
QCOM 08/21 DB hdl 44.62 -0.43 40.52 48.65 9.7M 12M 43.32
Current.
RARE 08/18 BO 25.75 -0.16 25.15 28.85 214K 300K 25.18
Current.
ROST 09/18 Test 50 48.28 -1.16 50.58 60 474K 850K 48.62
Buy Not Hit.
SAFE 09/06 PreSplt 24.22 +0.27 24.44 27.48 34K 40K 22.73
Buy Not Issued.
SBUX 07/30 Cup 29.08 -0.11 29.77 36 2.2M 6M 28.55
Buy Not Issued.
SBUX 07/01 Cup 29.08 -0.11 26.3 30.94 2.2M 6M 28.52
Current.
SEAC 09/06 Cup 13.88 0 12.37 14.85 496K 345K 13.78
Current.
SFE 09/16 Test BO 3.61 -0.18 3.85 4.62 652K 600K 3.48
Current.
SFNT 09/06 Test BO 38.72 -1.09 40.55 47.45 151K 350K 37.71
Buy Not Issued.
SINA 09/09 Cup 42.53 +2.3 36.15 41 10M 12M 37.22
Current.
SINA 08/18 Test 50 42.53 +2.3 32.2 38.25 10M 10M 37.22
Current.
SOHU 09/09 Cup 41.79 +1.81 37.35 42.55 5.3M 6.1M 37.74
Current.
SOHU 09/02 Cup 41.79 +1.81 36.14 42.92 5.3M 5M 37.74
Current.
SRA 09/10 Test BO 17.15 -0.25 16.97 20.38 244K 261K 16.84
Current.
STST 09/03 Flat 17.1 -1.64 20.18 24 205K 175K 18.48
Exited.
SYK 09/20 Flat 75.94 -0.18 77.12 88.65 543K 1.1M 75.05
New.
TKLC 08/02 Test BO 17.3 -0.7 15.96 18.95 299K 1M 17.35
Current.
TRB 09/06 Put 46.23 -0.27 45.38 43 1.4M 1M 46.28
TSCO 07/29 Test BO 36.31 -0.45 28.06 31.44 243K 494K 34.25
Current.
TSCO 07/05 Test 50 36.31 -0.45 26.62 30 243K 500K 34.25
Current.
TSCO 06/03 Rv H&S 36.31 -0.45 23.42 27.62 243K 603K 34.25
Current.
TSCO 04/24 Cup hdl 36.31 -0.45 21.88 26 243K 603K 34.25
Current.
TSCO 04/03 Rv H&S 36.31 -0.45 19.3 22.19 243K 577K 34.25
Current.
TSYS 08/14 Test BO 4.2 +0.1 3.54 4.45 134K 120K 3.88
Current.
TXN 08/21 DB hdl 23.45 -0.72 23.64 28.88 9.9M 15M 23.88
Exited.
UNTD 07/12 Test BO 41.2 -0.6 28.8 34.12 918K 2.1M 38.12
Current.
UNTD 05/29 Flat 41.2 -0.6 23.45 28 918K 2M 38.12
Current.
UOPX 09/11 Test BO 70.33 -0.48 66.72 74 215K 352K 67.78
Current.
UOPX 08/14 BO 70.33 -0.48 61.78 74 215K 300K 67.78
Current.
VECO 09/11 Test BO 21.92 -0.73 23.06 27.68 490K 539K 22.14
Exited.
VRTS 09/11 Test 50 33.54 -1.44 36.64 41.55 4.8M 1M 33.94
Buy Not Hit.
XLNX 08/30 Cup hdl 30.55 -0.99 31.12 37 5.6M 11M 30.35
Exited.
XRAY 08/28 Flat 45.84 -0.29 45.58 54.55 531K 625K 44.06
Current.
XRIT 09/13 A Wedge 11.44 -0.39 12.22 14.66 68K 72K 11.44
Buy Not Issued.
ZMH 08/09 Test BO 54.18 +0.49 51.12 59.55 1.4M 3M 52.21
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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