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 moves Monday: CLEC; EBAY; KBH; LEN; KSWS; TTI; LOW

NEW PLAYS: This section includes new plays from all sections other than pre-announcements.

New Leadership stocks: Maybe not ready for a split, but setting up well for an upside move.

Play Date: 12/22/2003
CYBX (Cybertronics--$31.58; -0.2; optionable): Medical equipment
http://biz.yahoo.com/p/c/cybx.html
STATUS: Double bottom w/handle. Working on the handle to a nice 12 week base showing solid 3 to 1 accumulation (3 up price weeks on rising volume to 1 down price week on rising volume). That shows that the stock was being accumulated during the base and sets the foundation for the breakout and rally. Solid money flow that is out in front of price and holding up even as the stock pulls back on low volume to hold the 10 day MVA (31.42). That is just the action you want to see as it makes this last shakeout of the easy sellers.
Volume: 143.498K Avg Volume: 285.954K
BUY POINT: $32.88 Volume=429K Target=$39.48 Stop=$31.22
POSITION: QAJ DF - Apr. $30c (64 delta) &/or Stock
http://www.investmenthouse.com/cs/cybx.html

Play Date: 12/22/2003
HBIO (Harvard Bioscience--$8.40; +0.20; no options): Scientific & technical instruments
http://biz.yahoo.com/p/h/hbio.html
STATUS: Cup. HBIO is in a 12 week base forming over the 50 day MVA (7.59), showing outstanding 5 to 0 accumulation. It is moving up toward the breakout point, but volume is not jumping with it. When it gets to 8.50 it may decide to form a handle, i.e., moving laterally on continued low volume to frustrate out the last selllers that held it back up to this point and don't want to see it tank on them again. When they are gone demand outstrips supply and the stock makes the breakout. Sometimes they form the handle, sometimes not. If it surges here on volume without a handle, we will move in with some positions.
Volume: 36.986K Avg Volume: 156.454K
BUY POINT: $8.68 Volume=235K Target=$10.48 Stop=$8.04
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/hbio.html

PRE-ANNOUNCEMENT PLAYS

Play Date: 12/20/2003
GGG (Graco--$40.15; -0.04; optionable): Fluid management for industrial applications. Forecast to announce split on 1-22-04 in conjunction with earnings.
BACKGROUND: Last announced a 3 for 2 split on 5/6/02 at a stock price of $43.20. A regular splitter, Has announced 5 splits in the last 9 years.
http://biz.yahoo.com/p/g/ggg.html
STATUS: Testing the breakout. A very tight doji on lower volume Monday as GGG tapped the 10 day MVA (39.70) on the low and rebounded to close flat. Very good action in the lateral move after GGG jumped higher 6 sessions back. Getting ready to continue the breakout from its 3.5 month base with positive at 3 to 2 accumulation.
Volume: 103K Avg Volume: 131.409K
BUY POINT: $40.55 Volume=200K Target=$48.75 Stop=$39.42
POSITION: GGG EH - May $40c (56 delta) &/or Stock
http://www.investmenthouse.com/cs/ggg.html

WATCHLIST/ CONTINUING

* * SPREADSHEET DOWNLOAD * * *

Now offering a spreadsheet download of the continuing play table. It will allow you to sort and otherwise the data for your own investment use. This is a service to our subscribers only, and no other use of the information is authorized. Simply click on the link, enter your username and password, and download the spreadsheet! You may have to hold down the control key as you click on the link.

http://www.stocksplits.net/ssr/table.php

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

AAP 12/18 Test 50 78.78 -0.22 80.12 88.25 152K 550K 78.32
Buy Not Hit.

ALTI 12/01 Dbl btm 2.17 -0.02 2.05 2.74 764K 1.2M 2.05
Current.

APA 12/16 Test BO 80.3 -0.4 78.18 86 938K 1.2M 77.92
Current.

APOL 12/01 DB hdl 68.46 +0.16 70.72 82 1.1M 2.9M 66.05
Current.

APOL 11/22 DB hdl 68.46 +0.16 66.54 82 1.1M 2.9M 66.05
Current.

APPB 10/13 BO 38.59 +0.5 37.55 44.95 380K 750K 37.94
Current.

BCR 12/17 Rv H&S 80 -1.12 80.93 92.95 640K 500K 78.72
Current.

BSX 12/17 Test 50 34.66 -0.61 36.62 42.12 3.7M 8.2M 34.74
Buy Not Hit.

CFC 12/04 Test BO 76.8 -0.43 81.41 87.75 1.7M 2.5M 79.22
Current.

CLEC 10/30 Cup hdl 7.18 +0.18 5.54 6.94 64K 96K 6.28

DCOM 12/06 Test 18 30.65 -0.13 30.65 36.78 67K 184K 29.98
Buy Not Issued.

DE 12/16 A Wedge 67 -0.1 64.78 77.55 1.4M 2.2M 64.13
Current.

DJO 09/11 Cup 23.9 -4.74 14 16.45 622K 100K 25.95
Exited. Took the rest of the 72% gain off the table as DJO
broke through the 18 day MVA on heavy trade. Will
let it form up again over the 50 day MVA & look for
the next entry point.

DTAS 12/09 Flat 8.99 -0.32 9.49 11.88 492K 517K 8.98
Current.

EBAY 08/02 PreSplt 62.69 +1.32 53.78 60 11M 9M 59
Current.

EBAY 03/08 BO 62.69 +1.32 40.04 46 11M 8M 59
Current.

EMBT 10/06 Flat 15.65 +0.01 11.24 13.38 95K 350K 14.85
Current.

EMBT 07/26 Cup hdl 15.65 +0.01 9.33 11.12 95K 400K 14.85
Current.

FALC 12/18 Flat 8.37 -0.03 8.58 10.35 400K 300K 7.98
Current.

GGG 12/20 FlyPlat 40.15 -0.04 40.55 48.75 102K 200K 39.42
Buy Not Hit.

GPRO 11/12 Cup hdl 32.07 -0.24 30.85 36.95 462K 1.1M 31.38
Current.

GRMN 11/24 Cup hdl 54.25 -0.77 54.38 62 698K 690K 53.58
Current.

GRMN 11/09 Cup hdl 54.25 -0.77 53.82 62 698K 690K 53.58
Current.

HOLX 12/06 Cup 17 +0.08 16.32 19.65 113K 200K 16.06
Current.

HOV 12/16 Test 50 88.99 +0.74 89.21 97.55 643K 1.2M 87.22
Current.

IGT 09/16 Rv H&S 35.17 -1.42 29.05 34.55 3.4M 4.7M 34.75
Current.

JCI 12/13 A Wedge 113.3 +0.4 112.82 118.45 409K 550K 110.12
Current.

KBH 12/20 Cup hdl 72.81 +2.81 71.38 81.94 1.6M 1.5M 69.88
Current.

KSWS 12/09 Test 18 48.18 +1.05 47.3 54.12 210K 200K 46.66
Current.

KSWS 11/19 Test BO 48.18 +1.05 44.72 51 210K 225K 46.66
Current.

LEN 12/20 Test 18 98.1 +2.45 97.39 106 1.9M 1.7M 94.45
Current.

MBG 11/18 Cup hdl 46.15 +0.05 44.3 53 498K 1.8M 44.54
Current.

NTST 12/06 Test BO 15.04 -0.11 14.42 17.28 163K 215K 14.68
Current.

OSI 12/09 Test 18 44.16 +0.63 45.25 54.32 248K 891K 44.02
Buy Not Hit.

OSTK 12/11 Test BO 18.54 -0.49 20.12 24.25 407K 658K 18.71
Buy Not Issued.

PCAR 12/02 Dbl btm 84.52 +1.07 82.88 95 720K 1.4M 79.47
Buy Not Issued.

PMTI 12/16 Dbl btm 10 -0.24 9.42 11.25 158K 180K 9.98
Current.

PSSI 11/19 Cup hdl 11.19 -0.07 10.26 12.95 223K 779K 11.12
Current.

PX 12/11 A Wedge 37.96 +1.02 37.47 40 1M 1M 36.57
Current.

QCOM 12/11 Cup hdl 52.25 +1.22 50.61 58.25 7.6M 12M 48.68
Current.

QLTI 12/20 Test BO 18.65 +0.06 19.32 23.22 394K 1.2 18.04
Buy Not Hit.

ROST 12/06 Test 50 26.65 +0.19 26.96 31.19 1M 1M 26.12
Current.

ROST 11/20 Test 50 26.65 +0.19 27.29 31 1M 1M 26.12
Current.

SBUX 07/30 Cup 32 -0.09 30.35 36.75 3.1M 6M 31.32
Current.

SBUX 07/01 Cup 32 -0.09 26.3 30.94 3.1M 6M 31.32
Current.

SFY 12/08 Cup 17.02 -0.12 15.38 18.55 116K 200K 16.12

SHFL 11/22 Cup hdl 35.8 +0.25 31.47 37.55 208K 425K 33.94
Current.

SLXP 12/02 Flat 21.45 +0.35 20.29 24.55 200K 316K 20.54
Current.

SOV 12/13 Test BO 23.51 -0.08 24.12 28.95 1.3M 2.7M 22.38
Buy Not Issued.

STEL 12/18 Cup hdl 10.24 -0.08 10.87 13.12 149K 178K 10.11
Buy Not Hit.

TKTX 12/02 Flat 14.97 -0.08 14.36 17 121K 410K 14.14
Current.

TRPH 12/11 Test BO 6.2 -0.11 6.49 7.68 240K 1.7M 5.93
Current.

TRPH 12/01 Test 50 6.2 -0.11 5.58 6.94 240K 1.7M 5.93
Current.

TSCO 07/29 Test BO 39.12 -0.37 28.06 31.44 243K 494K 37.94
Current.

TSCO 07/05 Test 50 39.12 -0.37 26.62 30 243K 500K 37.94
Current.

TSCO 06/03 Rv H&S 39.12 -0.37 23.42 27.62 243K 603K 37.94
Current.

TSCO 04/24 Cup hdl 39.12 -0.37 21.88 26 243K 603K 37.94
Current.

TSCO 04/03 Rv H&S 39.12 -0.37 19.3 22.19 243K 577K 37.94
Current.

TTI 12/13 A Wedge 24.65 +0.73 24.6 29.65 198K 165K 23.38
Current.

ULGX 11/13 DB hdl 6.3 -0.1 6.51 8.12 34K 130K 6.05
Current.

UOPX 11/03 Test 50 68.81 -0.29 71.12 84 333K 315K 67.45
Current.

UOPX 10/25 Test 50 68.81 -0.29 68.95 82 333K 315K 67.45
Current.

UTSI 12/02 Cup 37.13 +0.12 39 44.55 948K 4M 35.98
Current.

UTSI 11/22 Test 50 37.13 +0.12 36.88 44 948K 6.4M 35.98
Current.

VAR 10/28 Cup hdl 67.14 -0.81 64.5 74.25 682K 1.1M 67.82
Current.

WFMI 12/18 Flat 66.7 +0.97 66.92 77 719K 1M 64.44
Current.

WMS 11/21 Dbl btm 25.94 +0.14 25.83 31.22 245K 650K 25.68
Current.

XTO 12/13 Test BO 28.06 -0.16 28.44 33.95 786K 1.4M 27.48
Current.

YELL 12/11 Rv H&S 36.35 -0.36 35.25 42.25 1.3M 1.3M 35.75
Current.

ZMH 08/09 Test BO 69.24 -0.12 51.12 59.55 893K 3M 66.48
Current.

Downside Plays

Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop

CHS 12/20 Put 34.83 +0.24 33.92 30.88 1.1M 1.5M 34.64
Buy Not Hit.

LLTC 12/09 Put 40.73 +0.1 40.17 37 2.5M 5M 41.25
Current.

LOW 12/10 Put 54.18 -1.15 53.42 50.45 4.2M 4M 54.75
Current.

SMTC 12/13 Put 21.81 +0.15 21.25 18.54 879K 1.2M 22.18
Current.

TTC 12/15 Put 47.44 +1.05 45.15 42.51 109K 150K 47.05
Buy Not Hit.

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.

stock split
stock recommendation