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Begin part 3 of 3
POST-SPLIT
Play Date: 01/07/2004
ERES (Eresearch Tech--$30.70; +0.24; optionable): Electrocardiographic related services to the medical industry
http://biz.yahoo.com/p/e/eres.html
STATUS: Double bottom. ERES is indeed forming the handle to its 10 week base. ERES was a leader in 2002 and surged in 2003. We played it then and are looking to get back in after this base is consluded and it breaks higher. Now the breakout point will be the handle high (31.97) though if we see the volume spiking we will move in at 31.25. Again, a longer term winner that looks ready to start the next leg. We will give it a chance if it can continue the move on strong volume.
Volume: 731.559K Avg Volume: 1.468M
BUY POINT: $31.25 Volume=2.1M Target=$37.58 Stop=$29.06
POSITION: DBO FF - June $30c (60 delta) &/or Stock
http://www.investmenthouse.com/cs/eres.html
Play Date: 12/29/2003
HAR (Harman Intl.--$73.22; +0.08; optionable): High end electronic equipment
http://biz.yahoo.com/p/h/har.html
STATUS: Testing the 18 day MVA. Just waiting for HAR to make the next move. It is holding over the 18 day MVA (72.19) on very low volume, probing 74.05 on the intraday highs. This is another stock that can peel off big chunks of real estate in a hurry, so we are ready as well as patient.
Volume: 252.4K Avg Volume: 574.772K
BUY POINT: New: $73.88 (orig. $73.25) Volume=400K Target=$80 Stop=$72.38
POSITION: HAR DT - Apr. $72.50c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/har.html
Play Date: 07/30/2003
SBUX (Starbucks--$33.10; -0.28; optionable): High priced coffee
http://biz.yahoo.com/p/s/sbux.html
STATUS: Testing the breakout. Decided to make another day of the breakout test, falling back to the 10 day MVA (33.06) on lower, below average volume and showing a hammer doji. That can indicate the pullback is over and it is ready to continue the breakout. The breakout earlier last week came on news of strong December same store sales. We are looking for it to continue the move after this test.
Volume: 2.58M Avg Volume: 2.476M
BUY POINT: New: $33.75 (orig. $30.35) Volume=6M Target=New positions: $40 (orig. positions: $36.75) Stop=$32.55
POSITION: SQX GZ - July $32.50c (62 delta) &/or Stock
http://www.investmenthouse.com/cs/sbux.html
WATCHLIST/ CONTINUING
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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
ALTI 01/02 Test BO 3.48 +0.28 3.02 3.78 5.7M 2.3M 3.05
Current. Continue to move up the 10 day MVA for a nice gain on stronger above average volume. Tapped 3.69 at the day's high, but gave some of it back.
ALTI 12/01 Dbl btm 3.48 +0.28 2.05 2.74 5.7M 1.2M 3.05
Current.
AMZN 12/24 Dbl btm 51.59 +1.35 53.82 64 13M 15M 51.12
Current. Gapped down at the open and rallied tapping the simple 50 day MVA and gave some of it back closing just below the 50 day MVA on stronger volume. Still in good shape.
APA 12/16 Test BO 83.52 +1.65 78.18 86 1.5M 1.2M 82.48
Current. Broke out on rising volume for a nice move.
APOL 12/01 DB hdl 70.84 0 70.72 82 1M 2.9M 69.32
Current. Beginning to make a lateral move above the 10 day MVA on low volume
APOL 11/22 DB hdl 70.84 0 66.54 82 1M 2.9M 69.32
Current.
APPB 10/13 BO 37.18 -0.28 37.55 44.95 246K 750K 38.44
Current. Tapped support at 37 at the intraday low and rallied showing a doji on low volume. Needs to hold here an rebound.
ASKJ 01/04 Test 50 23.83 +1.57 20.88 24.95 5.6M 3.7M 22.62
Current. Explosive move on excellent volume surge.
ATYT 01/06 Flat 17.07 -0.27 16.92 20.21 2.3M 3.9M 16.44
Current. Gapped down at the open and recovered some of the loss showing a doji on low volume. Managed to retain most of Wednesday's great move.
AXYX 12/30 Rv H&S 5.59 -0.01 5.57 6.94 1.9M 703K 5.18
Current. Fractional pull back on much lower volume. Tested the 10 day MVA and rallied.
BCR 12/17 Rv H&S 83.94 +1.13 80.93 92.95 407K 500K 81.57
Current. Tested the 10 day MVA and rallied for a nice move on stronger above average volume.
BSX 12/17 Test 50 36.31 +0.26 36.62 42.12 2.6M 8.2M 34.74
Buy Not Issued. Moving up the 10 day MVA on low volume.
CHINA 01/08 Flat 11.05 +0.22 10.96 13.15 17M 5.1M 10.19
Buy Not Issued. Continue with uptrend with a volatile session. Stock was too volatile to enter the play.
CHU 01/02 Test 50 11.3 -0.25 10.02 12.25 1.6M 880K 10.94
Current. Gapped up at the open, but reversed on lower, but still strong volume. Still in uptrend.
CKSW 12/30 Test 50 4.02 -0.17 4.49 5.51 270K 450K 4.14
Current. Pull back to tap the 50 day MVA and rallied holding simple 50 day MVA on low volume. Looking for a bounce off the 50 day MVA.
CLEC 10/30 Cup hdl 7.65 -0.38 5.54 6.94 125K 96K 7.48
Pull back to test the 18 day MVA and rallied holding the 10 day MVA on above average volume.
COH 01/07 Test 50 36.61 -0.35 39.25 47 1.6M 2.7M 37.38
Buy Not Hit. Pull back holding just below the simple 50 day MVA on low volume. Stock needs to rebound from here or will look to drop.
CYBX 12/22 DB hdl 34.28 -0.18 33.73 40.45 299K 429K 33.05
Current. Pull back on low volume. Beginning to make a lateral move.
CYD 01/02 Flat 28.03 -0.35 33.64 40.45 1.2M 4M 31.29
Current. Pull back showing a tight doji on the 50 day MVA on low volume. Looking for a bounce off the 50 day MVA.
DCOM 12/06 Test 18 29.9 -0.6 30.65 36.78 77K 184K 29.98
Buy Not Issued. Continue to fall below the simple 50 day MVA. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
DE 12/16 A Wedge 63.43 -0.31 64.78 77.55 1.1M 2.2M 64.13
Current. Pull back showing a doji on low volume. Holding above support. Needs to hold here and rebound.
DGX 01/06 Test BO 73.07 +0.04 73.88 84.85 409K 1.2M 71.44
Buy Not Issued. Continue with lateral move on low volume.
DNA 01/03 Test BO 89.83 -0.89 94.55 100 3.3M 3M 92.88
Buy Not Hit. Continue to fall below the 18 day MVA on strong volume. The stock has not made the move we were looking for so will drop, but will keep an eye on it. Will look at it again at the 50 day MVA.
DRAX 01/06 Cup hdl 3.8 +0.22 3.88 4.74 538K 364K 3.52
Current. Moving back up the 10 day MVA on strong volume.
DTAS 12/09 Flat 10.82 +0.28 9.49 11.88 691K 517K 10.49
Current. Continue with uptrend pattern with a nice move on strong volume.
EBAY 08/02 PreSplt 63.4 -1.03 53.78 60 6.9M 9M 62.25
Current. Pull back below the 10 day MVA on below average volume. Still in good shape.
EBAY 03/08 BO 63.4 -1.03 40.04 46 6.9M 8M 62.25
Current.
EONC 01/08 Test 18 3.94 -0.02 4.09 5.12 104K 240K 3.73
Buy Not Hit. Gapped down to open on the 10 day MVA and rallied on low volume. Continue in uptrend pattern.
ERES 01/07 Dbl btm 30.7 +0.24 31.25 37.58 732K 2.1M 29.06
Buy Not Issued. Moving up the 10 day MVA on very low volume.
FALC 12/18 Flat 10.04 0 8.58 10.35 294K 300K 9.45
Current. Beginning to make a lateral move showing a tight doji on above average volume.
GGG 12/20 FlyPlat 39.91 -0.25 40.55 48.75 128K 200K 39.42
Buy Not Issued. Pull back to hold on the 18 day MVA on lower, but still above average volume. Still in the pattern.
GPRO 11/12 Cup hdl 33.58 +0.07 30.85 36.95 614K 1.1M 34.48
Current. Tapped 34.88 at the high, but gave back most of it on low volume. Needs to hold here and rebound. Holding above support.
GRMN 11/24 Cup hdl 57.3 -0.74 54.38 62 445K 690K 55.35
Current. Low volume pull back as stock tests the break out.
GRMN 11/09 Cup hdl 57.3 -0.74 53.82 62 445K 690K 55.35
Current.
HAR 12/29 A Wedge 73.22 +0.08 73.25 80 250K 400K 72.38
Current. Continue with lateral move on the 10 day MVA on low volume.
HBIO 12/22 Cup 8.95 -0.6 9.75 11.78 159K 235K 9.35
Exited. Exited as the stock fell below the 10 day MVA on rising volume.
HOLX 12/06 Cup 17.95 -0.16 16.32 19.65 108K 200K 17.32
Current. Continue with low volume pull back. Still in good shape.
IGT 09/16 Rv H&S 35.31 -0.29 29.05 34.55 2.3M 4.7M 35.22
Target Hit. Took the rest of a very nice 175% option gain.
JCI 12/13 A Wedge 58.93 -0.42 56.41 59.75 806K 550K 58.32
Current. Pull back on lower, but average volume. Still in the pattern.
KBH 12/20 Cup hdl 67.22 +0.91 71.38 81.94 1.7M 1.5M 71.44
Current. Tapped the simple 50 day MVA at the intraday high, but gave most of it back on lower, but still strong volume. Needs to continue to rebound.
KSWS 12/09 Test 18 25.95 -0.45 23.65 27.06 447K 200K 25.55
Current. Continue with pull back on stronger volume. Testing the break out.
KSWS 11/19 Test BO 25.95 -0.45 22.36 25.5 447K 225K 25.55
Current.
LEN 12/20 Test 18 92.19 +2.73 97.39 106 2.7M 1.7M 97.18
Current. Tapped the 10 day MVA at the intraday high, but could not hold the gain on much lower, but still strong volume. Needs to continue to recover
LLTC 01/08 Cup 43.7 -0.66 44.85 53 5.1M 6.4M 42.58
Buy Not Hit. Tapped 44.75 at the high, but gave all of it back showing a doji on above average volume. Still in an uptrend.
LXK 12/30 Rv H&S 77.42 -1.32 79.12 89 711K 2M 77.12
Buy Not Issued. Pull back on low volume holding the 18 day MVA. Still in good shape.
MALL 12/29 Test BO 17.5 +0.21 16.68 20 124K 170K 16.74
Current. Continue to move up the 10 day MVA on below average volume.
MBG 11/18 Cup hdl 47.44 +1.09 44.3 53 1.5M 1.8M 45.04
Current. Nice break higher on strong volume as the 18 day MVA was successful.
MBT 01/03 Cup 87.99 -0.4 88.39 99.95 320K 412K 84.55
Current. Tried to make the move higher but gave it back with the market. Still in the handle formation process though volume was more than we liked.
MMSI 12/29 Test 50 22.69 -0.17 22.11 26.55 133K 260K 22.41
Current. Gapped down to open on the 18 day MVA showing a doji on low volume. Testing the break out.
OSI 12/09 Test 18 43.05 -0.15 45.25 54.32 614K 891K 43.88
Buy Not Hit. Testing the 50 day MVA. We are dropping for now, but if we see a volume move off the 50 day we will look at it again.
OSIS 12/01 DB hdl 21.46 -0.48 19.69 23.62 142K 365K 20.88
Current. Eased back Friday on very low volume.
OSTK 12/11 Test BO 17.5 -1.47 20.35 24.45 1.3M 658K 18.98
Exited. Exited as stock thudded below the 50 day MVA on strong volume surge.
OTEX 01/05 Flat 24.88 +2.51 21.33 25.48 4.3M 650K 23.92
Target Hit. Took some of the money off the table and will let the remaining position work for us as stock made a great move on very strong volume surge. Tapped 25.97 at the high, but gave some of it back.
PHTN 01/08 Rv H&S 41.27 -1.19 42.75 50 494K 438K 39.76
Current. Looked strong, surging on good trade but then rolled
over and sold the last 2 hours. Will see if can form
a handle here and make the next breakout move.
PMTI 12/16 Dbl btm 11.03 -0.22 9.42 11.25 212K 180K 10.62
Target Hit. Took some of the money off the table when stock hit the target. Stock then pulled back on slightly higher volume. Still in good shape.
PRTL 01/03 Cup 12.28 +0.03 11.35 13.65 1.9M 1.9M 10.48
Buy Not Issued.
PSSI 11/19 Cup hdl 12.44 -0.22 10.26 12.95 545K 779K 12.09
Current. Pull back on lower volume. Still in uptrend after testing the break out.
PX 12/11 A Wedge 37.65 -1.11 37.47 40 1.4M 1M 37.52
Current. Back to the 18 day MVA on rising volume. Needs to hold here or we shut it down.
QCOM 12/11 Cup hdl 58.97 +0.02 50.61 58.25 12M 12M 56.12
Current. Moving up the 10 day MVA on above average volume.
QLTI 12/20 Test BO 19.54 -0.48 20.32 24.22 996K 1.2M 19.18
Current. Thudded down holding the 10 day MVA on stronger volume. Continue with the uptrend.
RESP 01/06 Dbl btm 48.35 -0.15 47.68 55 159K 305K 45.45
Buy Not Issued.
ROST 12/06 Test 50 28.11 +0.06 26.96 31.19 1M 1M 27.12
Current. Not bad, holding over the 10 day MVA and bouncing back Friday.
ROST 11/20 Test 50 28.11 +0.06 27.29 31 1M 1M 27.12
Current.
SBUX 07/30 Cup 33.1 -0.28 30.35 36.75 2.6M 6M 32.55
Current. Pull back showing a doji on the 10 day MVA on average volume. Testing the break out.
SBUX 07/01 Cup 33.1 -0.28 26.3 30.94 2.6M 6M 32.55
Current.
SFY 12/08 Cup 17.89 +0.51 15.38 18.55 148K 200K 17.02
Continue to move up the 10 day MVA on low volume
SHFL 11/22 Cup hdl 37.88 +0.89 31.47 37.55 510K 425K 35.72
Target Hit.
SLXP 12/02 Flat 22.7 -0.19 20.29 24.55 106K 316K 21.84
Current. Tested the 10 day MVA and rallied showing a doji on low volume. Testing the break out.
SOV 12/13 Test BO 24.08 -0.09 24.37 29.12 1.8M 2.7M 23.48
Current.
STEL 12/18 Cup hdl 10.29 +0.04 10.87 13.12 181K 178K 10.11
Buy Not Hit. Tested the 18 day MVA and rallied as stock moves up the 10 day MVA on much stronger volume.
SYK 12/29 A Wedge 84.4 +0.1 84.55 97.35 487K 745K 83.32
Buy Not Issued.
TKTX 12/02 Flat 16.5 -0.58 14.36 17 255K 410K 15.96
Current.
TMWD 12/30 Test 50 7.69 -0.21 8.38 10.15 208K 880K 7.45
Current. Tested the simple 50 day MVA and rallied showing a doji just above the simple 50 day MVA on low volume. Needs to bounce from here.
TRPH 12/11 Test BO 8.2 +0.37 6.49 7.68 2.1M 1.7M 7.27
Current. Continue in its uptrend pattern.
TRPH 12/01 Test 50 8.2 +0.37 5.58 6.94 2.1M 1.7M 7.27
Current.
TSCO 07/29 Test BO 40.11 -0.11 28.06 31.44 271K 494K 38.88
Current. Continue to base around 40 on low volume.
TSCO 07/05 Test 50 40.11 -0.11 26.62 30 271K 500K 38.88
Current.
TSCO 06/03 Rv H&S 40.11 -0.11 23.42 27.62 271K 603K 38.88
Current.
TSCO 04/24 Cup hdl 40.11 -0.11 21.88 26 271K 603K 38.88
Current.
TSCO 04/03 Rv H&S 40.11 -0.11 19.3 22.19 271K 577K 38.88
Current.
TTI 12/13 A Wedge 27.25 +0.09 24.6 29.65 136K 165K 26.05
Current. Moving back up the 10 day MVA on above average volume.
TTMI 01/05 Rv H&S 17 -0.75 18.75 22.72 1.3M 725K 17.15
Current. Thudded down to test the 18 day MVA and rallied holding above the 18 day MVA on stronger above average volume. Held at support.
TUTS 12/29 Test 18 7 +0.45 7.19 8.94 436K 175K 6.46
Current. Tapped 6.50 at the low and rallied on stronger above average volume. Moving back up the 10 day MVA.
UOPX 11/03 Test 50 75.44 -0.3 71.12 84 186K 315K 72.28
Current.
UOPX 10/25 Test 50 75.44 -0.3 68.95 82 186K 315K 72.28
Current.
UTSI 01/05 Cup 37.4 -3.94 40.15 46.55 19M 4M 39.28
Current.
UTSI 11/22 Test 50 37.4 -3.94 36.88 44 19M 6.4M 39.28
Current. Gapped down adn closed at the 50 day MVA. Selling based
on issuance of additional shares with a dilutive effect.
Will see if it can rebound towart 39 to 40 for a better
exit point.
VAR 10/28 Cup hdl 69.86 +0.58 64.5 74.25 555K 1.1M 68.64
Current. Tested the 18 day MVA and rallied. Beginning to move up the 10 day MVA.
VIP 01/03 Test BO 78.13 -0.12 75.55 85 193K 615K 70.88
VRTS 01/06 A Wedge 39.07 -0.57 39.22 47 4.9M 8M 37.22
Buy Not Issued. Easing back toward 10 day MVA. Want it to test there and then rally on strong volume.
VTIV 01/03 A Wedge 9.96 +0.01 9.69 11.68 145K 238K 9.42
Current. Looking ready for the next breakout.
WFMI 12/18 Flat 67.6 -0.02 66.92 77 598K 1M 66.32
Current. Still working up the 10 day MVA.
WMS 11/21 Dbl btm 27.34 -0.1 25.83 31.22 176K 650K 26.48
Current. Gapped down showing a tight doji on low volume. Still in good shape.
XTO 12/13 Test BO 28.8 +0.85 28.44 33.95 1.3M 1.4M 28.11
Current. Nice volume jump off the 18 day MVA test.
YELL 12/11 Rv H&S 37.02 -0.33 35.25 42.25 1.2M 1.3M 35.72
Current. Still working higher as it holds over the 10 day MVA.
ZMH 08/09 Test BO 70.85 -0.3 51.12 59.55 761K 3M 65.98
Current. Pull back on low volume. Still in uptrend.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
TTC 12/15 Put 45.58 -0.5 45.92 42.51 134K 150K 47.05
Nice move down the 10 day MVA on stronger above average volume.
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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