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us stock market, 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: ALTI; ASKJ; AXYX; ERES; HAR; LLTC; NCEN; PMTI; RESP; SFY; TUTS; VAR
NEW PLAYS: This section includes new plays from all sections other than pre-announcements.
Leadership stocks: Maybe not ready for a split, but setting up well for an upside move.
Play Date: 01/12/2004
CCUR (Concurrent Computer--$5.75; +0.8; optionable): Video on demand, etc.
http://biz.yahoo.com/p/c/ccur.html
STATUS: Cup w/handle breakout. Explosive break higher Monday on strong volume after CCUR formed a short handle to its 9 week base. Accumulation in the pattern is outstanding at 5 to 0 (5 up weeks on rising volume to 0 down weeks on rising volume), money flow is surging, and relative strength broke out. The acccumulation shows us the stock was being bought even as it pulled back while the relative strength breakout shows the breakout has some legs. Volume surged as it completed the cup just as it should. Now we move in as it continues the breakout.
Volume: 4.586M Avg Volume: 839.363K
BUY POINT: $5.83 Volume=1.3M Target=$7 Stop=$5.42
POSITION: URC EA - May $5c (73 delta) &/or Stock
http://www.investmenthouse.com/cs/ccur.html
Play Date: 01/12/2004
MVIS (Microvision--$8.39; +0.07; optionable): Electronics
http://biz.yahoo.com/p/m/mvis.html
STATUS: Double bottom w/handle. MVIS is working on a very nice handle to an 11 week base sporting excellent 5 to 1 accumulation. It has moved laterally the past three sessions in a very tight range on low, below average volume. That is very good 'handle' action as it frustrates those that bought at the high right as the stock started to correct (9). On these we just be patient and let it make the breakout, moving through the buy point on strong volume.
Volume: 112.16K Avg Volume: 148.181K
BUY POINT: $8.64 Volume=222K Target=$10.38 Stop=$8.04
POSITION: QMV EU - May $7.50c (70 delta) &/or Stock
http://www.investmenthouse.com/cs/mvis.html
Continuing Leader Plays:
Play Date: 11/24/2003
GRMN (Garmin Ltd.--$57.40; +0.10; optionable): GPS devices
http://biz.yahoo.com/p/g/grmn.html
STATUS: Testing the breakout. Another nice, low volume test of the breakout, tapping at the 10 day MVA (56.37) on the low and rebounding to close flat. Very nice action folliwnt the powerful late October breakout from a 5 month cup base. It has made the test of the 10 day MVA we were looking for. Now we look for volume as it rallies back up.
Volume: 327.744K Avg Volume: 617.59K
BUY POINT: New: $58.12 (orig. $54.38) Volume=690K Target=New positions: $68 (orig. positions $62) Stop=$55.35
POSITION: GQR DK - Apr. $55c (50 delta) &/or Stock
http://www.investmenthouse.com/cs/grmn.html
WATCHLIST/ CONTINUING
* * SPREADSHEET DOWNLOAD * * *
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http://www.stocksplits.net/ssr/table.php
(You will need your password ... if you need help click on this link and our automated system will email it to you immediately once you fill in your email address:
http://www.investmenthouse.com/rescue/rescue.php3 )
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 3.82 +0.34 3.02 3.78 6.5M 2.3M 3.05
Target Hit. Took part of the gain on this move, left the rest of
positions to run.
ALTI 12/01 Dbl btm 3.82 +0.34 2.05 2.74 6.5M 1.2M 3.05
Current.
AMZN 12/24 Dbl btm 52.95 +1.36 53.82 64 9.4M 15M 51.12
Current.
APA 12/16 Test BO 83.5 -0.02 78.18 86 1M 1.2M 82.48
Current.
APOL 12/01 DB hdl 72.14 +1.3 70.72 82 1.3M 2.9M 69.32
Current.
APOL 11/22 DB hdl 72.14 +1.3 66.54 82 1.3M 2.9M 69.32
Current.
APPB 10/13 BO 37.62 +0.44 37.55 44.95 405K 750K 38.44
Current. Reported some good results and guidance after close
but the reaction was muted. Good move over the 50 day
MVA during the regular session.
ASKJ 01/04 Test 50 24.87 +1.04 20.88 24.95 2.8M 3.7M 22.62
Current.
ATYT 01/06 Flat 17.24 +0.17 16.92 20.21 2.3M 3.9M 16.44
Current.
AXYX 12/30 Rv H&S 6.17 +0.58 5.57 6.94 3.3M 703K 5.18
Current.
BCR 12/17 Rv H&S 84.25 +0.31 80.93 92.95 371K 500K 81.57
Current.
BSX 12/17 Test 50 36.4 +0.09 36.62 42.12 2.8M 8.2M 34.74
Buy Not Issued.
CHINA 01/08 Flat 11.07 +0.02 10.96 13.15 7.1M 5.1M 10.19
Buy Not Issued.
CHU 01/02 Test 50 11.45 +0.15 10.02 12.25 866K 880K 10.94
Current.
CKSW 12/30 Test 50 4.05 +0.03 4.49 5.51 248K 450K 4.14
Current.
CLEC 10/30 Cup hdl 7.8 +0.15 5.54 6.94 95K 96K 7.48
COH 01/07 Test 50 35.95 -0.66 39.25 47 2.1M 2.7M 37.38
Buy Not Hit.
CYBX 12/22 DB hdl 33.82 -0.46 33.73 40.45 434K 429K 33.05
Current.
CYD 01/02 Flat 26.79 -1.24 33.64 40.45 3.2M 4M 31.29
Exited.
DE 12/16 A Wedge 64.75 +1.32 64.78 77.55 1.6M 2.2M 64.13
Current.
DGX 01/06 Test BO 73.6 +0.53 73.88 84.85 352K 1.2M 71.44
Buy Not Issued.
DNA 01/03 Test BO 90.65 +0.82 94.55 100 2.7M 3M 92.88
Buy Not Hit.
DRAX 01/06 Cup hdl 4 +0.2 3.88 4.74 375K 364K 3.52
Current.
DTAS 12/09 Flat 11.1 +0.28 9.49 11.88 601K 517K 10.49
Current.
EBAY 08/02 PreSplt 64.1 +0.7 53.78 60 6.4M 9M 62.25
Current.
EBAY 03/08 BO 64.1 +0.7 40.04 46 6.4M 8M 62.25
Current.
EONC 01/08 Test 18 3.79 -0.15 4.09 5.12 97K 240K 3.73
Buy Not Hit.
ERES 01/07 Dbl btm 33.03 +2.33 32.55 38.88 2.5M 2.1M 29.94
Current.
FALC 12/18 Flat 10.15 +0.11 8.58 10.35 468K 300K 9.45
Current.
GGG 12/20 FlyPlat 39.65 -0.26 40.55 48.75 100K 200K 39.42
Buy Not Issued.
GPRO 11/12 Cup hdl 34.36 +0.78 30.85 36.95 522K 1.1M 34.48
Current.
GRMN 11/24 Cup hdl 57.4 +0.1 54.38 62 328K 690K 55.35
Current.
GRMN 11/09 Cup hdl 57.4 +0.1 53.82 62 328K 690K 55.35
Current.
HAR 12/29 A Wedge 76 +2.78 73.25 80 540K 400K 72.38
Current.
HOLX 12/06 Cup 17.96 +0.01 16.32 19.65 149K 200K 17.32
Current.
IGT 09/16 Rv H&S 35.08 -0.23 29.05 34.55 2.9M 4.7M 35.22
Current.
JCI 12/13 A Wedge 58.96 +0.03 56.41 59.75 699K 550K 58.32
Current.
KBH 12/20 Cup hdl 66.27 -0.95 71.38 81.94 1.3M 1.5M 71.44
Exited.
KSWS 12/09 Test 18 25.99 +0.04 23.65 27.06 694K 200K 25.55
Current.
KSWS 11/19 Test BO 25.99 +0.04 22.36 25.5 694K 225K 25.55
Current.
LEA 01/10 Cup hdl 65 +0.52 64.65 74.35 733K 680K 62.45
Buy Not Hit. Not the breakawy move we were looking for to extend
the breakout. Still solid and ready if it can generate
more momentum.
LEN 12/20 Test 18 89.62 -2.57 97.39 106 2.2M 1.7M 97.18
Exited.
LLTC 01/08 Cup 44.95 +1.25 44.95 53 5.3M 6.4M 43.12
Current.
LXK 12/30 Rv H&S 77.19 -0.23 79.12 89 749K 2M 77.12
Buy Not Issued.
MALL 12/29 Test BO 17.47 -0.03 16.68 20 123K 170K 16.74
Current.
MBG 11/18 Cup hdl 47 -0.44 44.3 53 800K 1.8M 45.04
Current.
MBT 01/03 Cup 88.49 +0.5 88.39 99.95 162K 412K 84.55
Current.
MGAM 01/10 Test BO 46.84 -0.17 46.25 53.18 452K 862K 43.55
Buy Not Issued.
MMSI 12/29 Test 50 22.77 +0.08 22.11 26.55 188K 260K 22.41
Current.
NCEN 01/10 A Wedge 41.6 +1.19 41.69 49.42 1.3M 1.4M 38.94
Current. Another solid volume move as NCEN broke from the niice
10 week base.
OSIS 12/01 DB hdl 21.41 -0.05 19.69 23.62 118K 365K 20.88
Current.
OTEX 01/05 Flat 25.25 +0.37 21.33 25.48 1.2M 650K 23.92
Current.
PHTN 01/08 Rv H&S 42.35 +1.08 42.75 50 181K 438K 39.76
Current.
PMTI 12/16 Dbl btm 11.86 +0.83 9.42 11.25 249K 180K 10.62
Current.
PSSI 11/19 Cup hdl 12.45 +0.01 10.26 12.95 346K 779K 12.09
Current.
PX 12/11 A Wedge 37.57 -0.08 37.47 40 1.2M 1M 37.52
Exited. Going nowhere fast as market rallies. Will look at
again later.
QCOM 12/11 Cup hdl 60.09 +1.12 50.61 58.25 9.1M 12M 56.12
Current.
QLTI 12/20 Test BO 17.46 -2.08 20.32 24.22 4.3M 1.2M 19.18
Exited. Received a downgrade based on Medicare reform bill,
& never recovered.
RESP 01/06 Dbl btm 50.95 +2.6 50.45 58 587K 305K 47.48
Current.
ROST 12/06 Test 50 27.93 -0.18 26.96 31.19 937K 1M 27.12
Current.
ROST 11/20 Test 50 27.93 -0.18 27.29 31 937K 1M 27.12
Current.
SBUX 07/30 Cup 33.36 +0.26 30.35 36.75 2.2M 6M 32.55
Current.
SBUX 07/01 Cup 33.36 +0.26 26.3 30.94 2.2M 6M 32.55
Current.
SFY 12/08 Cup 18.75 +0.86 15.38 18.55 217K 200K 17.02
SHFL 11/22 Cup hdl 37.4 -0.48 31.47 37.55 272K 425K 35.72
Current.
SLXP 12/02 Flat 22.67 -0.03 20.29 24.55 210K 316K 21.84
Current.
SNWL 01/10 Flat 8.6 +0.23 8.54 10.25 1.3M 1.1M 7.92
Buy Not Issued.
SONC 01/10 Test BO 33.87 +0.43 32.62 39.15 453K 562K 31.55
Buy Not Issued. Did not pull back as much as we wanted before starting
up. If it continues higher from here on rising trade
we will go ahead & enter.
SOV 12/13 Test BO 23.81 -0.27 24.37 29.12 1.4M 2.7M 23.48
Current.
SPIL 01/10 Cup hdl 5.9 +0.12 5.84 7.35 4.5M 1.9M 5.47
Buy Not Issued.
STEL 12/18 Cup hdl 9.94 -0.35 10.87 13.12 201K 178K 10.11
Buy Not Hit. Thudded down below the 18 day MVA on stronger volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
SYK 12/29 A Wedge 85.17 +0.77 84.55 97.35 478K 745K 83.32
Buy Not Issued.
TKTX 12/02 Flat 17.05 +0.55 14.36 17 152K 410K 15.96
Current.
TMWD 12/30 Test 50 7.95 +0.26 8.38 10.15 195K 880K 7.45
Current.
TRPH 12/11 Test BO 7.69 -0.51 6.49 7.68 1.6M 1.7M 7.27
Current.
TRPH 12/01 Test 50 7.69 -0.51 5.58 6.94 1.6M 1.7M 7.27
Current.
TSCO 07/29 Test BO 39.92 -0.19 28.06 31.44 290K 494K 38.88
Current.
TSCO 07/05 Test 50 39.92 -0.19 26.62 30 290K 500K 38.88
Current.
TSCO 06/03 Rv H&S 39.92 -0.19 23.42 27.62 290K 603K 38.88
Current.
TSCO 04/24 Cup hdl 39.92 -0.19 21.88 26 290K 603K 38.88
Current.
TSCO 04/03 Rv H&S 39.92 -0.19 19.3 22.19 290K 577K 38.88
Current.
TTI 12/13 A Wedge 27.45 +0.2 24.6 29.65 135K 165K 26.05
Current.
TTMI 01/05 Rv H&S 17.24 +0.24 18.75 22.72 681K 725K 17.15
Current.
TUTS 12/29 Test 18 7.28 +0.28 7.19 8.94 227K 175K 6.46
Current.
UOPX 11/03 Test 50 76.75 +1.31 71.12 84 179K 315K 72.28
Current.
UOPX 10/25 Test 50 76.75 +1.31 68.95 82 179K 315K 72.28
Current.
UTSI 01/05 Cup 38.9 +1.5 40.15 46.55 8.3M 4M 39.28
Current.
UTSI 11/22 Test 50 38.9 +1.5 36.88 44 8.3M 6.4M 39.28
Current.
VAR 10/28 Cup hdl 71.95 +2.09 64.5 74.25 657K 1.1M 68.64
Current.
VIP 01/03 Test BO 78.21 +0.08 75.55 85 286K 615K 70.88
VRTS 01/06 A Wedge 39.87 +0.8 39.22 47 6.2M 8M 37.22
Buy Not Issued.
VTIV 01/03 A Wedge 10.13 +0.17 9.69 11.68 224K 238K 9.42
Current.
WFMI 12/18 Flat 68.65 +1.05 66.92 77 645K 1M 66.32
Current.
WMS 11/21 Dbl btm 27.5 +0.16 25.83 31.22 210K 650K 26.48
Current.
XTO 12/13 Test BO 29.11 +0.31 28.44 33.95 899K 1.4M 28.11
Current.
YELL 12/11 Rv H&S 37.89 +0.87 35.25 42.25 1.2M 1.3M 35.72
Current.
ZMH 08/09 Test BO 70.85 0 51.12 59.55 674K 3M 68.98
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
TTC 12/15 Put 46.55 +0.97 45.92 42.51 138K 150K 47.05
Rallying on rising volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
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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