|
|
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.
Good movers Monday: APPB; AVP; CLKS; COCO; COH; DJO; EASI; EMBT; JAH; MIPS; MSCC; NTE; NVLS; TSCO; UOPX; URNB; VRSN; WFII; XLNX
NEW PLAYS: This section includes new plays from all sections other than pre-announcements.
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: 11/03/2003
PLXT (PLX Technology--$8.39; -0.06; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/p/plxt.html
STATUS: Ascending triangle. PLXT broke out of a 10 month cup with handle in mid-September, running to 8 on the high before falling into the current 6 week base. In this base it has used the 18 day MVA (7.92) on the lows, making a series of higher lows as it tries to breakout over resistance at 8.20 to 8.90. Excellent 4 to 1 accumulation in the current pattern. Money flow is rallying higher ahead of the stock and relative strength is ready to breakout.
Volume: 96.957K Avg Volume: 148.09K
BUY POINT: $8.68 Volume=222K Target=$10.85 Stop=$8.07
POSITION: PIU DU - Apr. $7.50c (70 delta) &/or Stock
http://www.investmenthouse.com/cs/plxt.html
Play Date: 11/03/2003
VARI (Varian--$37; +1; optionable): Scientific & technical instruments
http://biz.yahoo.com/p/v/vari.html
STATUS: Test breakout. VARI broke out of a 4.5 month cup base last week, moved laterally three sessions, and is not racing back up on strong, above average volume. Accumulation in the base is a solid 6 to 4. Showing excellent as it breaks to a new 52 week high.
Volume: 381.866K Avg Volume: 173.409K
BUY POINT: $37.22 Volume=260K Target=$44.68 Stop=$35.48
POSITION: IUA BG - Feb. $35c (77 delta) &/or Stock
http://www.investmenthouse.com/cs/vari.html
CONTINUING LEADER PLAYS
Play Date: 11/01/2003
CLKS (Click2learn--$2.34; +0.12; no options): Business software
http://biz.yahoo.com/p/c/clks.html
STATUS: Cup w/handle. Tried the breakout from its 15 week base showing strong 5 to 2 accumulation (5 up price weeks on rising volume to 2 down price weeks on rising volume), but came back slightly to close. Strong above average volume on the move. Solid action with strong money flow leading the way. Looking for the next breakout move to get into the play..
Volume: 305.508K Avg Volume: 197.363K
BUY POINT: $2.44 Volume=296K Target=$3.18 Stop=$2.27
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/clks.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: 11/01/2003
FOSL (Fossil--$27.33; +0.46; optionable): Watches, shoes, fashion accessories. Forecast to announce a split on 11-11-03 in conjunction with earnings.
BACKGROUND: Last announced a 3 for 2 split on 5-14-02 in conjunction with a board meeting at a stock price of $27.70. the annual shareholder meeting was on 5-21-03 at which time no additional shares were authorized. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/f/fosl.html
STATUS: Double bottom w/handle. Starting to move up out of the handle to its 9 week base as volume jumped back above average Monday. It is right at the breakout point, but want to see more volume as it continues the move. Following the strong money flow higher.
Volume: 262.03K Avg Volume: 246K
BUY POINT: New: 27.45 (orig. $27.32) Volume=369K Target=$32.75 Stop=$26.25
POSITION: QFS LE - Dec. $25c (81 delta) &/or Stock
http://www.investmenthouse.com/cs/fosl.html
WATCHLIST/ CONTINUING: This week the summary table breaks out the upside and downside plays into different sections labeled accordingly.
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.
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACV 08/04 Test 18 63.64 +0.24 58.45 67.45 172K 400K 61.64
Current.
ACV 07/19 BO 63.64 +0.24 54.8 65.85 172K 400K 61.64
Current.
ADTN 10/25 Test 50 70.8 +2.76 68.25 77.45 699K 1.1M 67.22
Current.
APPB 10/13 BO 38.51 +1 37.55 44.95 601K 750K 35.24
Current.
AV 09/25 Flat 13.06 +0.12 11.38 13.65 4.1M 4.4M 12.75
Current.
AVO 10/30 Cup hdl 19.68 -0.49 19.72 23.68 397K 359K 18.34
Buy Not Issued.
AVP 08/14 Test 50 69.03 +1.07 66.68 76.32 784K 1.7M 67.12
Current.
BBA 10/29 Test BO 13.52 +0.34 13.76 16.45 251K 749K 12.76
Current.
BCR 10/04 Cup hdl 79.6 -0.45 73.05 83.55 257K 563K 78.42
BHE 10/27 Test 50 50.07 +1.35 48.99 55.88 404K 550K 48.22
Current.
BLUD 10/21 A Wedge 29.96 +0.54 30.22 34.78 244K 320K 29.08
Buy Not Issued.
BSX 10/23 Test 50 68.5 +0.78 66.8 75 2.5M 4M 65.95
Current.
BSX 09/29 Test 50 68.5 +0.78 65.45 69.45 2.5M 4.5M 65.95
Current.
CATS 10/27 Test BO 7.45 +0.22 7.58 9.12 155K 145K 7.05
Buy Not Issued.
CECO 07/31 FlyPlat 54.95 +1.4 42.86 47.62 854K 1M 51.44
Current.
CECO 07/19 Test 18 54.95 +1.4 37.88 43.28 854K 1.2M 51.44
Current.
CECO 05/29 Test 50 54.95 +1.4 31.28 36.73 854K 1M 51.44
Current.
CEDC 10/25 Test 18 37.7 +0.11 34.25 40.88 180K 282K 35.82
Current.
CELL 10/02 Test 18 27.9 -0.75 23.25 28 1M 1M 25.92
Current.
CELL 09/20 FlyPlat 27.9 -0.75 22.57 27 1M 538K 25.92
Current.
CELL 07/21 Cup hdl 27.9 -0.75 12.83 15.51 1M 225K 25.92
Current.
CFC 09/27 Cup hdl 104.83 -0.29 78.38 89.95 1.6M 3.4M 101.92
Current.
CHS 10/04 Dbl btm 38.57 +1.03 34.62 41.53 882K 1.8M 35.78
Current.
CHT 10/16 Cup hdl 15.67 +0.19 15.62 18.75 63K 1.1M 14.88
Buy Not Issued.
CLEC 10/30 Cup hdl 5.41 +0.13 5.54 6.94 82K 96K 5.15
Buy Not Hit.
CLKS 11/01 Cup hdl 2.34 +0.12 2.44 3.18 306K 296K 2.15
Current.
COCO 09/20 DB hdl 64.1 +2.17 59.42 69 683K 1.1M 59.95
Current.
COH 09/20 PreSplt 36.93 +1.46 30.06 34.55 1.8M 1.2M 34.22
Current.
COO 11/01 DB hdl 44.07 +0.62 44.06 50.88 290K 550K 41.95
Buy Not Issued.
CPTV 08/26 Cup hdl 12.37 +0.37 6.5 8.12 65K 200K 10.78
Current.
CPWM 10/25 DB hdl 45.8 +0.04 43.65 51.95 278K 337K 43.78
Current.
DCGN 09/20 Test BO 7.31 +0.35 4.32 5.38 1.5M 315K 6.48
Current.
DG 08/12 Cup hdl 22.58 +0.11 22.72 26.45 1.1M 2.9M 21.13
DJO 09/11 Cup 20.14 +2.19 14 16.45 165K 100K 16.91
Current.
DLTR 10/23 Cup 38.52 +0.23 37.92 45.55 746K 2.3M 35.94
Buy Not Issued.
EASI 10/14 A Wedge 47.17 +2.1 66.07 75 334K 287K 65.68
Current.
EBAY 08/02 PreSplt 57.51 +1.58 53.78 60 8M 9M 55.45
Current.
EBAY 03/08 BO 57.51 +1.58 40.04 46 8M 8M 57.25
Current.
ECIL 10/02 Test BO 4.84 -0.11 4.3 5.22 331K 300K 4.63
Current.
EMBT 10/06 Flat 13.47 +0.57 11.24 13.38 258K 350K 12.18
Current.
EMBT 07/26 Cup hdl 13.47 +0.57 9.33 11.12 258K 400K 12.18
Current.
ENMD 09/17 Cup 4.4 -0.54 5.39 6.72 1.4M 890K 4.86
Exited.
ERES 09/27 Test 50 47.4 +1.6 36.88 43.94 952K 981K 45.22
Current.
ET 09/18 Cup hdl 10.53 +0.23 10.8 12.94 4.5M 7M 10.22
Current.
FOSL 11/01 DB hdl 27.33 +0.46 27.32 32.75 260K 369K 26.25
Buy Not Issued.
FRED 10/30 A Wedge 37.99 +0.31 37.94 45.55 386K 526K 35.32
Buy Not Issued.
GGP 10/14 FlyPlat 78 +1.5 75.12 86.25 201K 275K 74.86
Current.
HAR 09/20 FlyPlat 129.07 +0.87 101.68 117 384K 374K 121.55
HOTT 10/04 Dbl btm 28.82 +0.11 25.39 30.38 907K 748K 27.74
Current.
IACI 10/30 Cup hdl 37.71 +0.9 39.32 47 5.3M 12M 37.35
Buy Not Hit.
IGT 09/16 Rv H&S 33.06 +0.31 29.05 34.55 3.3M 4.7M 31.58
Current.
IT 10/28 A Wedge 13.1 +0.35 12.99 15.62 1.9M 400K 12.08
Buy Not Issued.
JAH 09/06 Cup hdl 42.54 +1.25 38.39 45.75 331K 270K 36.88
Current.
KOSP 10/29 Cup 40 +0.04 40.58 48.68 318K 727K 37.48
Buy Not Issued.
LM 05/06 Cup hdl 84.59 +1.34 58.5 67.78 345K 610K 79.94
Current.
LOUD 10/23 Flat 2.6 -0.08 2.75 3.78 1.8M 3.6M 2.48
Current.
MIPS 11/01 A Wedge 5.37 +0.38 5.22 6.55 344K 291K 4.85
Current.
MOBE 09/15 Cup hdl 9.6 -0.1 8.7 10.88 301K 810K 9.04
Current.
MSCC 10/28 Rv H&S 22.35 +1.64 20.58 24.72 309K 480K 19.08
Buy Not Issued.
NCI 10/25 Cup hdl 16.8 +0.37 16.05 19.22 472K 559K 15.55
Buy Not Issued.
NEXM 10/14 Cup hdl 5.24 -0.16 5.03 6.28 352K 292K 4.78
Current.
NSM 09/17 BO 42.82 +2.19 35.35 42 3.1M 5M 38.62
Current.
NTE 10/18 Test 18 40.25 +4.14 34.4 41.25 2.4M 1.2M 35.45
Current.
NVLS 10/28 Test 50 43.94 +2.69 39.84 47.75 12M 9.5M 39.33
Current.
NXG 10/15 Cup 2.03 -0.06 1.89 2.48 956K 684K 1.92
Current.
OLGC 10/18 Test BO 7.07 -0.03 7.15 8.58 364K 342K 6.88
Current.
ORBK 10/14 DB hdl 22.61 -1.13 24.31 29 430K 200K 23.06
Exited.
ORLY 08/19 Flat 43.41 -0.05 39.48 47.05 751K 350K 41.62
Current.
PDCO 10/25 Test 18 65.35 +1.35 62.72 75 611K 755K 62.05
Buy Not Issued.
PKI 10/09 DB hdl 18.3 +0.29 17.18 20.65 490K 1.1M 16.21
Buy Not Issued.
PSUN 10/11 DB hdl 23.1 +0.02 24.12 28.94 1.7M 2.3M 22.54
Buy Not Issued.
RI 09/30 Cup hdl 27.92 +0.57 27.72 33 140K 750K 26.61
SBUX 07/30 Cup 31.71 +0.11 30.35 36.75 2.5M 6M 30.54
Current.
SBUX 07/01 Cup 31.71 +0.11 26.3 30.94 2.5M 6M 30.54
Current.
SINA 10/24 Test 50 40.94 +2.29 41.55 50 8.6M 15M 39.42
Current.
SINA 09/09 Cup 40.94 +2.29 36.15 41 8.6M 12M 37.55
Current.
SINA 08/18 Test 50 40.94 +2.29 32.2 38.25 8.6M 10M 37.55
Current.
SOHU 10/24 Dbl btm 35.22 +0.91 37.69 45 4M 9M 34.85
Current.
SYK 09/20 Flat 82.18 +1.07 78.97 90.25 586K 1.1M 79.65
Current.
SYMC 10/18 Flat 68.33 +1.68 67.88 77.94 2.6M 5M 65.58
Current.
TARO 10/08 Cup hdl 64.43 +0.17 61.51 73 242K 501K 62.52
Current.
TIWI 10/16 Cup hdl 6.85 +0.26 5.57 7 615K 350K 6.02
Current.
TSCO 07/29 Test BO 43.5 +1.46 28.06 31.44 536K 494K 39.74
Current.
TSCO 07/05 Test 50 43.5 +1.46 26.62 30 536K 500K 39.74
Current.
TSCO 06/03 Rv H&S 43.5 +1.46 23.42 27.62 536K 603K 39.74
Current.
TSCO 04/24 Cup hdl 43.5 +1.46 21.88 26 536K 603K 39.74
Current.
TSCO 04/03 Rv H&S 43.5 +1.46 19.3 22.19 536K 577K 39.74
Current.
TXN 10/23 Test BO 29.93 +1.01 27.65 33.18 12M 18M 27.94
Current.
UOPX 11/03 Test 50 72 +3.34 71.12 84 280K 315K 68.72
Current.
UOPX 10/25 Test 50 72 +3.34 68.95 82 280K 315K 68.42
Current.
URBN 10/18 Rv H&S 35.13 +1.77 33.61 40 919K 953K 32.08
Current.
USNA 10/14 Test BO 35.18 +1.81 33.42 38 677K 314K 31.22
Current.
VAR 10/28 Cup hdl 65.6 +1.66 64.5 74.25 1M 1.1M 61.98
Current.
VRSN 11/03 Rv H&S 17.05 +1.15 16.78 20.15 4.7M 5.5M 15.68
Current. Saw the good pattern and the strong breakout from our
watchlist and issued the bonus alert.
VRTS 10/04 Test 50 37.17 +1.09 35.77 42.88 4.4M 1M 35.21
Current.
WFII 10/31 Cup hdl 18.44 +1.29 17.24 20.62 2.4M 1M 15.96
Current.
XLNX 11/01 DB hdl 33.3 +1.53 32.68 38.68 7.7M 11M 30.88
Current.
ZMH 08/09 Test BO 64.6 +0.79 51.12 59.55 1.7M 3M 61.32
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
PLAB 10/22 Put 22.07 +0.53 21.28 17.75 1.4M 1.1M 22.02
Buy Not Issued.
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.
|
us stock market
stock split
|
