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us stock market, trade stock
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.
Good movers Monday: OLGC; LOUD; CEDC; CHS; JAH; LML NTE; ORLY; ADTN; COH; ERES; GGP; HAR; NSM; SINA; TIWI; UOPX
NEW PLAYS: This section includes new plays from all sections other than pre-announcements.
New Pre-Split:
Play Date: 10/27/2003
BHE (Benchmark Electronics--$46.69; +0.03; optionable): Circuit boards. Splits 3:2 on 11-16-03.
http://biz.yahoo.com/p/b/bhe.html
STATUS: Test 50 day MVA. Similar to the overall market, BHE has made a comeback to test the 50 day MVA (45.74) holding that level Monday on the low and rallying to 48.29 on the high (18 day at 47.97). It could not hold the move, however, coming back on the close on lower though still above average volume. Showing good life off of the 50 day, and we are looking for BHE to make another run at the short term MVA. We are looking at aggressive positions on another strong volume move from here and then completing the buy as it breaks over the short term MVA (10 and 18 day MVA).
Volume: 457.9K Avg Volume: 395.363K
BUY POINT: $48.24 Volume=550K Target=$55.48 Stop=$45.55
POSITION: BHE AJ - Dec. 50c (35 delta) &/or Stock
http://www.investmenthouse.com/cs/bhe.html
Play Date: 10/14/2003
EASI (Engineered Support--$64.38; +1.88; optionable): Aerospace/defense. Splits 3:2 on 11-3-03
http://biz.yahoo.com/p/e/easi.html
STATUS: Rolling. Back on the report after a nice recovery on a test of the 50 day MVA (59.45). EASI jumped higher Monday on a nice volume surge. Though still below average, not bad trade and a good harbinger of a move to come. The test lower appears to have been a shakeout. If it continues to rally on even better trade it is buy for what could be a very nice pre-split move.
Volume: 203.988K Avg Volume: 190.909K
BUY POINT: $65.54 Volume=287K Target=$75 Stop=$62.94
POSITION: UFE BM - Feb. 65c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/easi.html
Upside Leader Plays: These are stocks that have formed up well and can make us money. Not necessarily split stocks, but some can turn into split plays.
Play Date: 10/27/2003
CATS (Catalyst Semiconductor--$6.65; -0.16; no options): Chips for microcontrollers
http://biz.yahoo.com/p/c/cats.html
STATUS: Testing the breakout. A very nice pullback to the 18 day MVA (6.61) on low, below average volume after a nice breakout 10 sessions back. A big volume move out of an 11 week cup with handle base showing positive 2 to 1 accumulation (2 up weeks on rising volume to 1 down week on rising volume). Excellent money flow as well. It is slowing its descent, and looks ready to continue the breakout after a full test.
Volume: 48.8K Avg Volume: 144.227K
BUY POINT: $6.88 Volume=145K Target=$8.38 Stop=$6.52
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/cats.html
CONTINUING PLAYS
CONTINUING LEADER PLAYS
Play Date: 10/16/2003
CHT (Chunghwa Telecom--$15.28; -0.04; no options): Taiwan telecom services provider
http://biz.yahoo.com/p/c/cht.html
STATUS: Cup w/handle. New issued in August. Still working laterally over the 10 day MVA (15.17) last week on below average volume as it continues the handle to its very nice 15 week base. Excellent 3 to 0 accumulation (3 up price weeks on rising volume verssu 0 down price weeks on rising volume). Just waiting for the breakout move.
Volume: 486.9K Avg Volume: 861.673K
BUY POINT: $15.62 Volume=1.1M Target=$18.75 Stop=$14.69
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/cht.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
^SOXX 10/25 Test 50 26.91 +4.13 463.17 492 734K 1.1M 459.74
Current.
ACV 08/04 Test 18 61.9 -0.31 58.45 67.45 326K 400K 60.95
Current.
ACV 07/19 BO 61.9 -0.31 54.8 65.85 326K 400K 60.95
Current.
ADTN 10/25 Test 50 68.25 +1.71 68.25 77.45 874K 1.1M 64.08
Current.
APPB 10/13 BO 34.52 +0.46 34.62 41.55 376K 750K 32.78
Buy Not Issued.
AV 09/25 Flat 12.95 +0.17 11.38 13.65 4.4M 4.4M 12.55
Current.
AVP 08/14 Test 50 66.97 -0.15 66.68 76.32 920K 1.7M 66.74
Current.
BCR 10/04 Cup hdl 78.49 -0.83 73.05 83.55 323K 563K 76.95
BSX 10/23 Test 50 65.5 +0.93 66.06 75 1.8M 4M 63.88
Buy Not Hit.
BSX 09/29 Test 50 65.5 +0.93 65.45 69.45 1.8M 4.5M 63.38
Current.
CECO 07/31 FlyPlat 52.14 -0.21 42.86 47.62 2.5M 1M 47.45
Current.
CECO 07/19 Test 18 52.14 -0.21 37.88 43.28 2.5M 1.2M 47.45
Current.
CECO 05/29 Test 50 52.14 -0.21 31.28 36.73 2.5M 1M 47.45
Current.
CEDC 10/25 Test 18 36.2 +3.53 34.25 40.88 605K 282K 32.12
Current.
CELL 10/02 Test 18 25.8 +1.11 23.25 28 708K 1M 24.68
Current.
CELL 09/20 FlyPlat 25.8 +1.11 22.57 27 708K 538K 24.68
Current.
CELL 07/21 Cup hdl 25.8 +1.11 12.83 15.51 708K 225K 24.68
Current.
CFC 09/27 Cup hdl 104.05 -0.89 78.38 89.95 2M 3.4M 96.45
Current.
CHS 10/04 Dbl btm 36.23 +1.42 34.62 41.53 735K 1.8M 34.92
Current.
CHT 10/16 Cup hdl 15.38 +0.1 15.62 18.75 225K 1.1M 14.88
Buy Not Hit.
COCO 09/20 DB hdl 56.54 -0.25 59.42 69 671K 1.1M 56.05
Current.
COH 09/20 PreSplt 34.5 +0.85 30.06 34.55 1.6M 1.2M 32.12
Current.
CPTV 08/26 Cup hdl 10.12 +0.27 6.5 8.12 59K 200K 9.38
Current.
CPWM 10/25 DB hdl 41.3 +1.26 41.22 49.45 139K 337K 39.78
Buy Not Issued.
DCGN 09/20 Test BO 6.64 +0.44 4.32 5.38 415K 315K 5.96
Current.
DG 08/12 Cup hdl 21.92 +0.28 22.25 26 1.3M 2.9M 20.69
DJO 09/11 Cup 16.8 +0.68 14 16.45 36K 100K 15.46
Current.
DLTR 10/23 Cup 37.69 +0.03 37.92 45.55 954K 2.3M 35.94
Buy Not Issued.
EBAY 08/02 PreSplt 55.87 +0.93 53.78 60 6.8M 9M 57.25
Current.
EBAY 03/08 BO 55.87 +0.93 40.04 46 6.8M 8M 57.25
Current.
ECIL 10/02 Test BO 4.64 -0.03 4.3 5.22 153K 300K 4.42
Current.
EMBT 10/06 Flat 12.1 +0.07 11.24 13.38 255K 350K 11.66
Current.
EMBT 07/26 Cup hdl 12.1 +0.07 9.33 11.12 255K 400K 11.66
Current.
ENMD 09/17 Cup 4.96 -0.03 5.39 6.72 340K 890K 4.86
Current.
ERES 09/27 Test 50 48 +4.2 36.88 43.94 1.7M 981K 40.42
Current.
ET 09/18 Cup hdl 10.37 +0.13 10.8 12.94 2.8M 7M 10.22
Current.
GGP 10/14 FlyPlat 75.87 +2.11 75.12 86.25 380K 275K 73.58
Current.
HAR 09/20 FlyPlat 125.61 +2.34 101.68 117 297K 374K 113
HOTT 10/04 Dbl btm 26.91 +0.26 25.39 30.38 734K 748K 26.32
Current.
IGT 09/16 Rv H&S 31.57 +0.45 29.05 34.55 2.2M 4.7M 29.91
Current.
JADE 10/16 Cup hdl 4.41 +0.06 5.04 6.32 57K 235K 4.45
Buy Not Hit.
JAH 09/06 Cup hdl 38.74 +1.94 38.39 45.75 507K 270K 36.88
Current. Reported good earnings and made a nice, solid breakout
to the upside.
KFX 09/27 FlyPlat 6.01 -0.07 5.24 6.62 130K 137K 5.71
Current.
KRON 10/07 PreSplt 55.5 -0.01 57.62 67.55 111K 239K 55.45
Current.
LIZ 10/25 Cup hdl 37.35 +0.6 37.12 44.55 558K 959K 36.12
Buy Not Issued.
LM 05/06 Cup hdl 80.56 +2.37 58.5 67.78 680K 610K 76.38
Current.
LOUD 10/23 Flat 2.77 +0.37 2.75 3.78 5.3M 3.6M 2.38
Current.
LSI 09/29 Dbl Top 8.68 +0.18 9.25 7.51 2.8M 6M 8.88
Current.
MOBE 09/15 Cup hdl 8.42 -0.07 8.7 10.88 410K 810K 8.83
Current.
MYL 09/30 Test 50 26.19 -1.21 25.93 29.72 3.5M 2.1M 27.18
Current.
NCI 10/25 Cup hdl 15.65 +0.81 15.41 18.55 496K 559K 14.21
Buy Not Hit. Perhaps got a bit too picky on this one as volume was
a tad light. Good enough to enter.
NEXM 10/14 Cup hdl 5.1 +0.2 5.03 6.28 964K 292K 4.68
Current.
NSM 09/17 BO 37.83 +0.99 35.35 42 2.9M 5M 36.28
Current.
NTE 10/18 Test 18 36.54 +3.34 34.4 41.25 1.8M 1.2M 31.88
Current. Big gap higher as it reported strong earnings and a
stock dividend of 1 share for every 10 shares owned,
basically an 11:10 split.
NXG 10/15 Cup 1.94 +0.02 1.89 2.48 864K 684K 1.78
Current.
OLGC 10/18 Test BO 7.34 +0.38 7.15 8.58 439K 342K 6.65
Current.
ORBK 10/14 DB hdl 22.3 +0.08 24.31 29 107K 200K 22.89
Current.
ORLY 08/19 Flat 41.84 +2.34 39.48 47.05 448K 350K 38.68
Current.
PDCO 10/25 Test 18 62.1 -0.38 62.72 75 340K 755K 60.88
Buy Not Hit.
PKI 10/09 DB hdl 17.74 +0.53 17.18 20.65 826K 1.1M 16.21
Buy Not Issued.
PLAB 10/22 Put 20.16 +0.22 20.32 17.75 366K 1.1M 22
Buy Not Issued.
PSUN 10/11 DB hdl 22.12 +0.32 24.12 28.94 1.1M 2.3M 22.54
Buy Not Issued.
RI 09/30 Cup hdl 25.95 +0.28 27.72 33 214K 750K 25.78
RMD 10/11 FlyPlat 42.6 -2.45 46.82 53.88 811K 215K 44.66
Buy Not Hit. Dropping.
SBUX 07/30 Cup 30.01 -0.27 30.35 36.75 1.6M 6M 29.25
Current.
SBUX 07/01 Cup 30.01 -0.27 26.3 30.94 1.6M 6M 29.25
Current.
SIGA 10/07 Cup hdl 2.4 +0.01 2.41 3.12 132K 450K 2.32
Current.
SINA 10/24 Test 50 43.42 +1.42 41.55 50 16M 15M 39.42
Current.
SINA 09/09 Cup 43.42 +1.42 36.15 41 16M 12M 39.42
Current.
SINA 08/18 Test 50 43.42 +1.42 32.2 38.25 16M 10M 39.42
Current.
SOHU 10/24 Dbl btm 36.95 -0.25 37.69 45 6.1M 9M 34.85
Current.
SWC 10/22 Cup 6.49 -0.36 7.24 9.05 597K 510K 6.75
Buy Not Hit.
SYK 09/20 Flat 80.91 -0.6 78.97 90.25 649K 1.1M 78.55
Current.
SYMC 10/18 Flat 65.45 -0.14 67.88 77.94 2.3M 5M 64.77
Current.
TARO 10/08 Cup hdl 63.5 +0.61 61.51 73 269K 501K 61.32
Current.
TIWI 10/16 Cup hdl 5.87 +0.29 5.57 7 314K 350K 5.19
Current.
TRKN 10/23 DB hdl 6.76 +0.14 7.02 8.84 67K 205K 6.53
Buy Not Hit.
TSCO 07/29 Test BO 41.3 +0.75 28.06 31.44 461K 494K 37.96
Current.
TSCO 07/05 Test 50 41.3 +0.75 26.62 30 461K 500K 36.12
Current.
TSCO 06/03 Rv H&S 41.3 +0.75 23.42 27.62 461K 603K 37.96
Current.
TSCO 04/24 Cup hdl 41.3 +0.75 21.88 26 461K 603K 37.96
Current.
TSCO 04/03 Rv H&S 41.3 +0.75 19.3 22.19 461K 577K 37.96
Current.
TSYS 10/14 Test 18 5.15 -0.14 5.05 6.15 221K 120K 4.98
Current.
TSYS 08/14 Test BO 5.15 -0.14 3.54 4.45 221K 120K 4.98
Current.
TXN 10/23 Test BO 28.1 +0.65 27.65 33.18 12M 18M 25.68
Current.
UOPX 10/25 Test 50 69.15 +1.35 68.95 82 333K 315K 67.32
Current.
URBN 10/18 Rv H&S 31.81 +1.46 33.61 40 666K 953K 31.36
Current.
USNA 10/14 Test BO 63.89 +1.04 64.12 73.75 147K 314K 59.63
Buy Not Hit.
VRTS 10/04 Test 50 36.07 +0.27 35.77 42.88 5.7M 1M 34.62
Current.
YUM 10/01 Flat 33.1 +0.1 31.99 37.55 643K 1.6M 31.22
Buy Not Issued.
ZMH 08/09 Test BO 61.42 +0.25 51.12 59.55 1.1M 3M 58.94
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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