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us stock market, stock watch
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Read this report online in full color with graphs at
http://www.investmenthouse.com/weekend/112303.htm
1) MARKET SUMMARY
Expiration is a low volume sleeper.
- Market slips out quietly, holding the week's range.
- More solid economic data, holiday season a breakout for the consumer.
- Trying to hang on at the 50 day MVA.
http://www.investmenthouse.com/1weekendmarketsummary.htm?123 "> Click here or on link for our full Weekend Market Summary
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2) Stock Splits
Playing stock splits can be very profitable, but it takes know-how.
Our stock split service focuses on three main types of plays:
1) pre-announcement (where we forecast an upcoming split prior to the company making the announcement); 2) pre-split (these plays are made in the days leading up to the actual split day); and 3) post-split plays (plays made after the actual stock split where the stock is showing continued or renewed strength).
We play pre-split plays as short-term plays. We get in when the technical indicators show us things look right, grab as much as we can, and get out, always being conscious of resistance and support. These stocks are highly volatile at this time, and can turn on you quickly. Don't let good profits disappear. Watch for turns, especially when a stock trades in a wide range and finishes off its high. That is a sign these stocks often give you that they are running out of steam. We usually get out and ask questions later. We can always get back in. We like to play in the money calls, preferably two strike prices in the money as this usually gives us a greater delta (the percent an option will mover versus the stock's movement). We prefer deltas of 75 or better. This means if the stock moves 1 point, the option should move three-fourths of that point. That means up or down.
Remember, wait to see the stock start to move up. Don't just blindly make a play and don't try to guess tops and bottoms. We can look at indicators to give us a clue as to what will happen, but we need the stock to confirm it for us. Here's a pre-split play to watch and our current analysis.
JAH (Jarden--$41.25; +0.78; no options): Rubber & plastics. Splits 3:2 on 11-28.
STATUS: Test 18 day MVA. JAH has set up again, preparing to make a move higher as it heads into its split week. With a potential seasonal advance in the market this week, we are looking to move in on a move over the 10 day MVA on some continued rising volume. A good pre-announcement mover for us, and now we look for another nice pre-split move as it started up off the test of support at 40, moving on rising volume Friday.
Volume: 124.4K Avg Volume: 202.181K
BUY POINT: $41.42 Volume=205K Target=$47.48 Stop=$40.23
POSITION: - Stock (no option chain).
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Learn more about our Stock Split Report - Forbes.com Best of the Web Online Edition says: ". . . seek out the Stock Split Report . . ."
http://www.investmenthouse.com/1stocksplits1.htm
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3) Technical Play
NKE (Nike--$63.31; +0.71; optionable): Athletic apparel, sporting goods
STATUS: Cup w/handle. NKE is in the handle of a 21 month base, using the 50 day MVA (61.44) as support as it tests back. Wednesday it showed a doji at the level and then jumped up Thursday on a strong volume shot. Momentum continued Friday but volume backed off. Accumualtion is a solid 25 to 18 in the base. Rallying money flow and relative strength ready to breakout. A long term winner that took a long breather and now looks ready to start anew.
Volume: 1.321M Avg Volume: 1.303M
BUY POINT: $64.55 Volume=2M Target=$75 Stop=$62.22
POSITION: NKE DM - Apr. $65c (42 delta) &/or Stock.
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Learn more about our Technical Trader Report!
http://www.investmenthouse.com/1tech1.htm
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4) Covered Call Play
RGLD - Royal Gold, Inc. is currently trading at $21.02. The January $20 Calls (MJQAD) are trading at $2.15. That provides a return of about 6% if RGLD is above $20 on expiration Friday in January.
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BOOK STORE SPECIAL OFFERS!
We are now offering "Special Offers" each week in our Book Store! You will not find these specials on our web site. They are only available by clicking the link below in this Weekend Newsletter!
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The foregoing is commentary for informational purposes only. All statements and expressions are the opinions of Online Investment Services, LP., or Split Ventures, Ltd. This information is 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 the related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolios of writers for this issue may, in some instances, include securities mentioned herein and on the related 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. No one associated herewith receives compensation in any manner from any of the companies that are discussed in this newsletter or on the related websites.
Copyright 1997 - 2003 by Online Investment Services, LP. - All Rights Reserved.
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