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stock split, stock recommendation
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 Wednesday: BSX; DIOD; ECIL; IGT; MOBE; NSM; PLXT; STLW; TIWI; VRSN; VRTS
NEW PLAYS: This section includes new plays from all sections other than pre-announcements.
Play Date: 11/05/2003
QCOM (Qualcom--$46.59; -0.73; optionable): Telecom wireless and licensing
http://biz.yahoo.com/p/q/qcom.html
STATUS: Testing the breakout. QCOM has come back to fully test the breakout from a 6 week flat base sporting 3 to 0 accumulation. The stock broke out of the pattern a week back, rallied to 48. This week it came back to test the breakout, tapping the 18 day MVA (45.84) on the Wednesday low (also the high on the left side of the base). Wednesday after the close it announced earnings that were not bad. It jumped, sold back, and then rallied after hours. This may be the news that sends it higher in a continuation of the breakout.
Volume: 13.567M Avg Volume: 9.941M
BUY POINT: $47.75 Volume=14M Target=$57.25 Stop=$45.72
POSITION: AAO DW - Apr. $47.50c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/qcom.html
Play Date: 11/05/2003
KEI (Keithley Instruments--$17.4; +0.7; optionable): High performance production testing equipment
http://biz.yahoo.com/p/k/kei.html
STATUS: Cup w/handle. KEI shot higher Monday on good earnings, completing its formation of the right side of its 3.5 month base. The action Tuesday and Wednesday filled the gap and set the stage for the next move. Indeed, KEI was rallying again Wednesday. Accumulation in the base is a solid 5 to 3 (5 up weeks on rising volume to 3 down weeks on rising volume). A solid base that formed roughly on the 50 day MVA (15.65) as its bottom, a good level for institutional support to come in which is what looks to have happened. Solid money flow, and we are looking for another volume move higher through the buy point. This is a stock we played a lot in 2000 as it ran up and split, and while it is nowhere near its old levels, it is looking solid here.
Volume: 156.3K Avg Volume: 57.409K
BUY POINT: $17.68 Volume=150K Target=$21.35 Stop=$16.34
POSITION: KEI DW - Apr. $17.50c (54 delta) &/or Stock
http://www.investmenthouse.com/cs/kei.html
PRE-SPLIT
Play Date: 11/04/2003
CFC (Countrywide Financial--$106.03; +1.23; optionable): Mortgages. Splits 4:3 on 12-18-03
http://biz.yahoo.com/p/c/cfc.html
STATUS: Flying plateau. Still working in the nice, flat flying plateau. Started to move Wednesday but no volume. CFC has made a series of big blasts higher in its run up out of the September breakout from a 3 month cup with handle base. It tends to move laterally in a tight range as it is doing now and then blasts off. We really thought about moving in Wednesday and hope we don't regret it. If it continues to move we will open some positions. If volume is solid we will jump in. Excellent money flow continues to move up ahead of the price as it moves laterally.
Volume: 1.588M Avg Volume: 2.377M
BUY POINT: New: $106.28 (orig. $105.75) Volume=2.5M Target=$115 Stop=$103
POSITION: CFC AA - Jan. $105c (52 delta)
http://www.investmenthouse.com/cs/cfc.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.
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
ACV 08/04 Test 18 63.37 -0.59 58.45 67.45 213K 400K 61.64
Current.
ACV 07/19 BO 63.37 -0.59 54.8 65.85 213K 400K 61.64
Current.
ADTN 10/25 Test 50 65.05 -6.68 68.25 77.45 4.5M 1.1M 67.22
Exited.
APPB 10/13 BO 38.35 -0.12 37.55 44.95 379K 750K 35.24
Current.
AV 09/25 Flat 13.12 -0.1 11.38 13.65 4.6M 4.4M 12.75
Current.
AVO 10/30 Cup hdl 19.19 -0.25 19.72 23.68 118K 359K 18.34
Buy Not Issued.
AVP 08/14 Test 50 68.84 -0.01 66.68 76.32 850K 1.7M 67.12
Current.
BBA 10/29 Test BO 13.74 +0.16 13.76 16.45 329K 749K 12.76
Current.
BCR 10/04 Cup hdl 78.5 0 73.05 83.55 213K 563K 78.42
Exited.
BHE 10/27 Test 50 52.17 +0.47 48.99 55.88 329K 550K 48.22
Current.
BLUD 10/21 A Wedge 31.06 +0.74 31.22 35.85 111K 320K 29.48
Current.
BSX 10/23 Test 50 69.72 +2.02 66.8 75 3.1M 4M 65.95
Current.
BSX 09/29 Test 50 69.72 +2.02 65.45 69.45 3.1M 4.5M 65.95
Target Hit.
CATS 10/27 Test BO 7.42 +0.04 7.58 9.12 31K 145K 7.05
Buy Not Issued.
CECO 07/31 FlyPlat 54.71 +0.49 42.86 47.62 873K 1M 51.44
Current.
CECO 07/19 Test 18 54.71 +0.49 37.88 43.28 873K 1.2M 51.44
Current.
CECO 05/29 Test 50 54.71 +0.49 31.28 36.73 873K 1M 51.44
Current.
CEDC 10/25 Test 18 38.1 -0.16 34.25 40.88 182K 282K 35.82
Current.
CELL 10/02 Test 18 27.4 -0.63 23.25 28 510K 1M 25.92
Current.
CELL 09/20 FlyPlat 27.4 -0.63 22.57 27 510K 538K 25.92
Current.
CELL 07/21 Cup hdl 27.4 -0.63 12.83 15.51 510K 225K 25.92
Current.
CFC 11/04 FlyPlat 106.03 +1.23 105.75 115 1.6M 2.5M 103
Buy Not Issued.
CFC 09/27 Cup hdl 106.03 +1.23 78.38 89.95 1.6M 3.4M 101.92
Current.
CHS 10/04 Dbl btm 38.31 +0.53 34.62 41.53 851K 1.8M 35.78
Current.
CHT 10/16 Cup hdl 15.19 +0.1 15.62 18.75 429K 1.1M 14.88
Buy Not Issued.
CLEC 10/30 Cup hdl 5.2 -0.22 5.54 6.94 1M 96K 5.15
Buy Not Hit.
CLKS 11/01 Cup hdl 2.52 -0.01 2.44 3.18 504K 296K 2.15
Current.
COCO 09/20 DB hdl 64.28 -0.32 59.42 69 583K 1.1M 59.95
Current.
COH 09/20 PreSplt 36.55 +0.14 30.06 34.55 1.3M 1.2M 34.22
Current.
COO 11/01 DB hdl 43.75 +0.13 44.06 50.88 100K 550K 41.95
Buy Not Issued.
CPTV 08/26 Cup hdl 12.36 +0.02 6.5 8.12 347K 200K 10.78
Current.
CPWM 10/25 DB hdl 43.2 -1 43.65 51.95 262K 337K 43.78
Current.
DCGN 09/20 Test BO 7.16 +0.1 4.32 5.38 462K 315K 6.48
Current.
DG 08/12 Cup hdl 22.63 +0.14 22.72 26.45 984K 2.9M 21.13
DIOD 11/04 Cup hdl 28.65 +2.71 26.08 31.25 300K 75K 24.25
Buy Not Issued. This one got away from us. Surged early & we thought
we would catch it on a dip. It kept surging and surging.
Butt will be black & blue from Kicking ourselves on
this one.
DJO 09/11 Cup 20.55 +0.14 14 16.45 102K 100K 16.91
Current.
DLTR 10/23 Cup 38.39 +0.15 37.92 45.55 775K 2.3M 35.94
Buy Not Issued.
EASI 10/14 A Wedge 46.21 -0.13 44.06 50 175K 287K 44.74
Current.
EBAY 08/02 PreSplt 57.3 -0.45 53.78 60 5.9M 9M 55.45
Current.
EBAY 03/08 BO 57.3 -0.45 40.04 46 5.9M 8M 57.25
Current.
ECIL 10/02 Test BO 5.5 +0.45 4.3 5.22 708K 300K 4.63
Target Hit.
EMBT 10/06 Flat 13.4 -0.09 11.24 13.38 326K 350K 12.18
Target Hit.
EMBT 07/26 Cup hdl 13.4 -0.09 9.33 11.12 326K 400K 12.18
Current.
ERES 11/04 Test BO 47.25 +0.25 47.64 54.85 449K 1.1M 46.32
Buy Not Hit.
ERES 09/27 Test 50 47.25 +0.25 36.88 43.94 449K 981K 45.22
Current.
ET 09/18 Cup hdl 10.58 +0.02 10.8 12.94 3.4M 7M 10.22
Current.
FOSL 11/01 DB hdl 26.9 0 27.62 33 102K 369K 26.35
Buy Not Issued.
FRED 10/30 A Wedge 36.8 -0.84 38.88 46.55 421K 526K 36.16
Buy Not Issued.
GGP 10/14 FlyPlat 78.69 -0.04 75.12 86.25 153K 275K 74.86
Current.
HAR 09/20 FlyPlat 128.5 -1.01 101.68 117 237K 374K 121.55
HOTT 10/04 Dbl btm 28.35 +0.22 25.39 30.38 1.3M 748K 27.74
Exited.
IACI 10/30 Cup hdl 34.19 -2.81 39.32 47 57M 12M 37.35
Buy Not Hit.
IGT 09/16 Rv H&S 34.59 +2.28 29.05 34.55 5.6M 4.7M 31.58
Target Hit.
IT 10/28 A Wedge 13.38 -0.07 12.99 15.62 1.1M 400K 12.08
Buy Not Issued.
JAH 09/06 Cup hdl 41.99 -0.21 38.39 45.75 100K 270K 36.88
Current.
KOSP 10/29 Cup 44.05 -0.15 40.58 48.68 815K 727K 37.48
Buy Not Issued.
LM 05/06 Cup hdl 84.77 +0.57 58.5 67.78 709K 610K 79.94
Current.
LOUD 10/23 Flat 2.69 +0.05 2.75 3.78 2.1M 3.6M 2.48
Current.
MIK 11/04 A Wedge 47.85 -0.28 48.65 58.38 609K 873K 47.21
Buy Not Hit.
MIPS 11/01 A Wedge 5.61 -0.06 5.22 6.55 339K 291K 4.85
Current.
MOBE 09/15 Cup hdl 12.05 +2.2 8.7 10.88 2.8M 810K 9.04
Target Hit.
MSCC 10/28 Rv H&S 22.24 +0.36 20.58 24.72 267K 480K 19.08
Buy Not Issued.
NCI 10/25 Cup hdl 17.06 +0.06 16.05 19.22 593K 559K 15.55
Buy Not Issued.
NEXM 10/14 Cup hdl 4.92 -0.14 5.03 6.28 245K 292K 4.78
Current.
NSM 09/17 BO 44.09 +1.68 35.35 42 5.8M 5M 38.62
Current.
NTE 10/18 Test 18 37.3 +1.03 34.4 41.25 1.7M 1.2M 35.45
Current.
NVLS 10/28 Test 50 44.31 -0.14 39.84 47.75 7.4M 9.5M 39.33
Current.
NXG 10/15 Cup 2 -0.15 1.89 2.48 1.9M 684K 1.92
Current.
OLGC 10/18 Test BO 6.62 -0.44 7.15 8.58 622K 342K 6.88
Exited.
ORLY 08/19 Flat 43.22 +0.34 39.48 47.05 160K 350K 41.62
Current.
PDCO 10/25 Test 18 64.21 -0.85 62.72 75 500K 755K 62.05
Buy Not Issued.
PKI 10/09 DB hdl 18.3 -0.37 17.18 20.65 636K 1.1M 16.21
Buy Not Issued.
PLXT 11/03 A Wedge 9.48 +1.17 8.81 10.96 705K 222K 8.19
Current.
PSUN 10/11 DB hdl 23.03 +0.02 24.12 28.94 1.2M 2.3M 22.54
Buy Not Issued.
RI 09/30 Cup hdl 28.06 +0.05 27.72 33 204K 750K 26.61
SBUX 07/30 Cup 32.13 +0.56 30.35 36.75 2.5M 6M 30.54
Current.
SBUX 07/01 Cup 32.13 +0.56 26.3 30.94 2.5M 6M 30.54
Current.
SINA 10/24 Test 50 40.25 -0.98 41.55 50 4.8M 15M 39.42
Current.
SINA 09/09 Cup 40.25 -0.98 36.15 41 4.8M 12M 37.55
Current.
SINA 08/18 Test 50 40.25 -0.98 32.2 38.25 4.8M 10M 37.55
Current.
SOHU 10/24 Dbl btm 34.35 -0.61 37.69 45 3.7M 9M 34.85
Current.
STLW 11/04 DB hdl 6.5 +0.13 6.37 7.95 172K 132K 5.96
Current.
SYK 09/20 Flat 81.4 -0.33 78.97 90.25 622K 1.1M 79.65
Current.
SYMC 10/18 Flat 68.79 +0.64 67.88 77.94 2.5M 5M 65.58
Current.
TARO 10/08 Cup hdl 66.88 +1.18 61.51 73 372K 501K 62.52
Current.
TIWI 10/16 Cup hdl 7.5 +0.71 5.57 7 2.1M 350K 6.02
Current.
TSCO 07/29 Test BO 43.86 +0.45 28.06 31.44 290K 494K 39.74
Current.
TSCO 07/05 Test 50 43.86 +0.45 26.62 30 290K 500K 39.74
Current.
TSCO 06/03 Rv H&S 43.86 +0.45 23.42 27.62 290K 603K 39.74
Current.
TSCO 04/24 Cup hdl 43.86 +0.45 21.88 26 290K 603K 39.74
Current.
TSCO 04/03 Rv H&S 43.86 +0.45 19.3 22.19 290K 577K 39.74
Current.
TVIA 11/04 Cup hdl 2.34 +0.06 2.38 3.09 368K 219K 2.18
Buy Not Issued.
TXN 10/23 Test BO 30.43 +0.59 27.65 33.18 10M 18M 27.94
Current.
UOPX 11/03 Test 50 71 -0.5 71.12 84 129K 315K 68.72
Current.
UOPX 10/25 Test 50 71 -0.5 68.95 82 129K 315K 68.42
Current.
URBN 10/18 Rv H&S 33.19 -0.94 33.61 40 988K 953K 32.08
Current.
USNA 10/14 Test BO 38.38 +1.02 33.42 38 554K 314K 31.22
Target Hit.
VAR 10/28 Cup hdl 65.9 -0.28 64.5 74.25 617K 1.1M 61.98
Current.
VARI 11/03 Cup hdl 36.38 -0.33 37.22 44.68 132K 260K 35.48
Buy Not Hit.
VRSN 11/03 Rv H&S 17.25 +0.49 16.78 20.15 3.2M 5.5M 15.68
Current.
VRTS 10/04 Test 50 38.36 +1.31 35.77 42.88 6.9M 1M 35.21
Current.
WFII 10/31 Cup hdl 18.28 -0.11 17.24 20.62 1.1M 1M 15.96
Current.
XLNX 11/01 DB hdl 33.43 +0.3 32.68 38.68 5.1M 11M 30.88
Current.
ZMH 08/09 Test BO 64.82 -0.01 51.12 59.55 803K 3M 61.32
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
PLAB 10/22 Put 21.88 -0.12 21.28 17.75 415K 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.
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stock split
stock recommendation
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