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trade stock, stock split
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 Wednesday: DGX; DTAS; SNWL; WFMI
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: 01/14/2004
STXN (Stratex Networks--$5.05; +0.07; no options): Telecom equipment
http://biz.yahoo.com/p/s/stxn.html
STATUS: Cup w/handle. STXN has rallied back up to its October high at 5 and is now moving laterally, forming a handle to the 13 week base. This is the part of the base where the stock approaches the pre-correctoin high and loses momentum as some of those that bought at the prior high sell out to get out 'even.' When they are finished selling the last sellers are gone and the stock can make its breakout. Accumulation in the base is solid at 4 to 2 (4 up price weeks on rising volume to 2 down price weeks on rising volume); that shows buyers were still moving in even as the stock worked through the consolidation. Excellent money flow has already turned up ahead of price. Volume was up Wednesday as the stock edged higher. Looking for another strong surge as it makes the breakout move.
Volume: 1.03M Avg Volume: 389.454K
BUY POINT: $5.26 Volume=584K Target=$6.58 Stop=$4.89
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/stxn.html
Play Date: 01/14/2004
SYKE (Sykes Enterprises--$9.72; +0.66; optionable): Information technology software
http://biz.yahoo.com/p/s/syke.html
STATUS: Cup. SYKE is surging higher on strong ovlume in a 10 week base showing solid 2 to 1 accumulation. Money flow is surging ahead of price, leading higher. Volume has spiked the past two weeks as the stock moved laterally over the 50 day MVA (8.67); that volume surge while the stock held steady indicated a lot of accumulation. Wednesday the dam started to break. We expect SYKE to continue the move on strong trade and we will look at moving into positions when it does. It may try to form a handle, a lateral move near the prior high in the base at 10.50, but with all of this strong volume we will be willing to take positions on a further move, and if it does form a handle we will be patient and move in again on another breakout from that as well.
Volume: 420.696K Avg Volume: 189.636K
BUY POINT: $9.88 Volume=285K Target=$11.85 Stop=$9.19
POSITION: YKQ CB - Mar. $10c (47 delta) &/or Stock
http://www.investmenthouse.com/cs/syke.html
PRE-ANNOUNCEMENT PLAYS
Play Date: 01/10/2004
SONC (Sonic Corp.--$33.97; +0.26; optionable): Drive-in. Forecast to announce a split January 24 in conjunction with its annual shareholder meeting at 1:30 p.m. CT.
BACKGROUND: SONC last announced a 3:2 split 1-17-02 at its annual shareholder meeting with a stock price of $36.30. A frequent splitter announce roughly every 2 years.
http://biz.yahoo.com/p/s/sonc.html
STATUS: Testing the breakout. Still holding over the 10 day MVA (33.09) as it eases back in a test of the huge breakout last week. Volume has backed off the past two sessions as it makes the test. Money flow remains very strong, continuing higher ahead of price as the stock pulls back. Looks good on the test of the breakout from the 7 month base.
Volume: 246.217K Avg Volume: 341.59K
BUY POINT: New: $34.32 Volume=562K Target=$39.15 Stop=$31.55
POSITION: ZSQ FF - June $30c (80 delta) &/or Stock
http://www.investmenthouse.com/cs/sonc.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
AGN 01/13 Cup hdl 81.05 +1.05 81.78 94 861K 1.2M 77.98
Buy Not Hit.
ALTI 01/02 Test BO 3.37 -0.28 3.02 3.78 2M 2.3M 3.44
Current.
ALTI 12/01 Dbl btm 3.37 -0.28 2.05 2.74 2M 1.2M 3.44
Current.
AMZN 12/24 Dbl btm 55.8 +0.89 53.82 64 11M 15M 51.12
Current.
APA 12/16 Test BO 83.8 -0.35 78.18 86 1.3M 1.2M 82.48
Current.
APOL 12/01 DB hdl 73.01 +0.38 70.72 82 981K 2.9M 69.32
Current.
APOL 11/22 DB hdl 73.01 +0.38 66.54 82 981K 2.9M 69.32
Current.
APPB 10/13 BO 36.35 -0.13 37.55 44.95 735K 750K 38.44
Current.
ASKJ 01/04 Test 50 24.22 +0.16 20.88 24.95 1.4M 3.7M 22.62
Target Hit.
ATYT 01/06 Flat 16.92 -0.26 16.92 20.21 2.3M 3.9M 16.44
Current.
AXYX 12/30 Rv H&S 6.27 -0.34 5.57 6.94 2.6M 703K 5.62
Current.
BCR 12/17 Rv H&S 85.16 +0.3 80.93 92.95 196K 500K 81.57
Current.
BSX 12/17 Test 50 37.4 +0.97 36.62 42.12 3.2M 8.2M 34.74
Buy Not Issued.
CCUR 01/12 Cup hdl 5.2 -0.1 5.83 7 1.4M 1.3M 5.42
Buy Not Hit.
CHINA 01/08 Flat 11.26 +0.38 11.72 14.12 6M 5.1M 10.88
Buy Not Issued.
CHU 01/02 Test 50 11.43 +0.17 10.02 12.25 798K 880K 10.94
Current.
CKSW 12/30 Test 50 4.1 +0.08 4.49 5.51 181K 450K 4.14
Current.
CLEC 10/30 Cup hdl 7.79 +0.09 5.54 6.94 43K 96K 7.48
COH 01/07 Test 50 36.2 +1.09 39.25 47 2.2M 2.7M 37.38
Buy Not Hit.
CYBX 12/22 DB hdl 33.5 +0.04 33.73 40.45 232K 429K 33.05
Current.
DE 12/16 A Wedge 65.61 +0.44 64.78 77.55 1.1M 2.2M 64.13
Current.
DGX 01/06 Test BO 75.87 +2.36 73.88 84.85 608K 1.2M 73.24
Current.
DNA 01/03 Test BO 90.67 +0.42 94.55 100 2.2M 3M 92.88
Buy Not Hit.
DRAX 01/06 Cup hdl 4.02 +0.14 3.88 4.74 323K 364K 3.52
Current.
DTAS 12/09 Flat 12 +0.55 9.49 11.88 864K 517K 10.49
Target Hit.
EBAY 08/02 PreSplt 65.95 +0.36 53.78 60 6.3M 9M 62.25
Current.
EBAY 03/08 BO 65.95 +0.36 40.04 46 6.3M 8M 62.25
Current.
EONC 01/08 Test 18 3.73 -0.07 4.09 5.12 65K 240K 3.73
Buy Not Hit.
ERES 01/07 Dbl btm 33.16 +0.92 32.55 38.88 1.9M 2.1M 29.94
Current.
FALC 12/18 Flat 10.07 0 8.58 10.35 225K 300K 9.45
Current.
GGG 12/20 FlyPlat 40.32 +0.63 40.55 48.75 77K 200K 39.42
Buy Not Issued.
GPRO 11/12 Cup hdl 34.82 -0.5 30.85 36.95 616K 1.1M 34.48
Current.
GRMN 11/24 Cup hdl 57.43 +0.51 54.38 62 515K 690K 55.35
Current.
GRMN 11/09 Cup hdl 57.43 +0.51 53.82 62 515K 690K 55.35
Current.
HAR 12/29 A Wedge 77.55 +0.64 73.25 80 330K 400K 74.98
Current.
HOLX 12/06 Cup 17.95 +0.21 16.32 19.65 200K 200K 17.32
Current.
IDEV 01/13 Flat 6.9 -0.05 7.12 8.55 1000 500K 6.48
Buy Not Hit.
IGT 09/16 Rv H&S 34.89 +0.24 29.05 34.55 2M 4.7M 35.22
Current.
KSWS 12/09 Test 18 26.98 +0.23 23.65 27.06 479K 200K 25.55
Current.
KSWS 11/19 Test BO 26.98 +0.23 22.36 25.5 479K 225K 25.55
Current.
LEA 01/10 Cup hdl 66.91 +0.53 64.65 74.35 757K 680K 62.45
LLTC 01/08 Cup 42.35 -1.6 44.95 53 9.3M 6.4M 43.12
Current.
LXK 12/30 Rv H&S 79.43 +2.27 79.12 89 1.1M 2M 77.12
Buy Not Issued.
MALL 12/29 Test BO 17.33 -0.36 16.68 20 61K 170K 16.74
Current.
MBG 11/18 Cup hdl 46.15 +0.35 44.3 53 568K 1.8M 45.04
Current.
MBT 01/03 Cup 85.31 -2.14 88.39 99.95 555K 412K 84.55
Current.
MGAM 01/10 Test BO 46.81 -0.24 46.25 53.18 333K 862K 43.55
Buy Not Issued.
MMSI 12/29 Test 50 23.2 +0.2 22.11 26.55 213K 260K 22.41
Current.
MVIS 01/12 DB hdl 7.96 -0.18 8.64 10.38 218K 222K 8.04
Buy Not Hit.
NCEN 01/10 A Wedge 43.7 +1.13 41.69 49.42 788K 1.4M 38.94
Current.
OSIS 12/01 DB hdl 21.38 +0.4 19.69 23.62 147K 365K 20.88
Current.
OTEX 01/05 Flat 24.55 -0.46 21.33 25.48 637K 650K 23.92
Current.
PHTN 01/08 Rv H&S 42.24 +0.53 42.75 50 218K 438K 39.76
Current.
PMTI 12/16 Dbl btm 10.52 -0.92 9.42 11.25 199K 180K 10.62
Exited. Took the rest of the gain off the table as PMTI turned
over with a pretty solid price drop.
PSSI 11/19 Cup hdl 12.14 -0.14 10.26 12.95 549K 779K 12.09
Target Hit.
QCOM 12/11 Cup hdl 60.11 +0.67 50.61 58.25 7.4M 12M 56.12
Current.
RESP 01/06 Dbl btm 49.8 0 50.45 58 137K 305K 47.48
Current.
ROST 12/06 Test 50 28.47 +0.42 26.96 31.19 1.3M 1M 27.12
Current.
ROST 11/20 Test 50 28.47 +0.42 27.29 31 1.3M 1M 27.12
Current.
SBUX 07/30 Cup 33.63 +0.52 30.35 36.75 2.2M 6M 32.55
Current.
SBUX 07/01 Cup 33.63 +0.52 26.3 30.94 2.2M 6M 32.55
Current.
SFY 12/08 Cup 18.21 -0.54 15.38 18.55 120K 200K 17.68
SHFL 11/22 Cup hdl 37.19 -0.16 31.47 37.55 143K 425K 35.72
Current.
SLXP 12/02 Flat 22.83 -0.04 20.29 24.55 140K 316K 21.84
Current.
SNUS 01/13 Test BO 6.15 -0.05 6.55 7.95 59K 175K 6.09
Buy Not Hit.
SNWL 01/10 Flat 8.9 +0.4 8.99 10.72 1.9M 1.1M 8.26
Current.
SONC 01/10 Test BO 33.97 +0.26 34.28 41 240K 562K 32.68
Buy Not Issued.
SOV 12/13 Test BO 24.04 +0.76 24.37 29.12 2.9M 2.7M 23.48
Current.
SPIL 01/10 Cup hdl 5.78 +0.13 5.84 7.35 1.5M 1.9M 5.47
Buy Not Issued.
STJ 01/13 Cup hdl 63.56 +0.56 64.45 75 1.1M 2.2M 62.12
Buy Not Hit.
SYK 12/29 A Wedge 85.58 +0.74 84.55 97.35 396K 745K 83.32
Buy Not Issued.
TMWD 12/30 Test 50 7.77 -0.08 8.38 10.15 230K 880K 7.45
Current.
TRPH 12/11 Test BO 8.03 +0.13 6.49 7.68 659K 1.7M 7.27
Current.
TRPH 12/01 Test 50 8.03 +0.13 5.58 6.94 659K 1.7M 7.27
Current.
TSCO 07/29 Test BO 39.57 -0.17 28.06 31.44 249K 494K 38.88
Current.
TSCO 07/05 Test 50 39.57 -0.17 26.62 30 249K 500K 38.88
Current.
TSCO 06/03 Rv H&S 39.57 -0.17 23.42 27.62 249K 603K 38.88
Current.
TSCO 04/24 Cup hdl 39.57 -0.17 21.88 26 249K 603K 38.88
Current.
TSCO 04/03 Rv H&S 39.57 -0.17 19.3 22.19 249K 577K 38.88
Current.
TTMI 01/05 Rv H&S 18.25 +0.65 18.75 22.72 723K 725K 17.15
Current.
TUTS 12/29 Test 18 7.08 -0.04 7.19 8.94 60K 175K 6.46
Current.
UOPX 11/03 Test 50 77.99 +0.74 71.12 84 224K 315K 72.28
Current.
UOPX 10/25 Test 50 77.99 +0.74 68.95 82 224K 315K 72.28
Current.
UTSI 01/05 Cup 37.48 -0.67 40.15 46.55 3.6M 4M 39.28
Current.
UTSI 11/22 Test 50 37.48 -0.67 36.88 44 3.6M 6.4M 39.28
Current.
VAR 10/28 Cup hdl 74.91 +0.42 64.5 74.25 822K 1.1M 72.45
Current.
VIP 01/03 Test BO 71 -4.95 75.55 85 2.1M 615K 70.88
VOCL 01/13 DB hdl 6.05 -0.43 6.62 8.28 963K 581K 6.16
Buy Not Issued.
VRTS 01/06 A Wedge 39.17 -0.23 39.22 47 3.7M 8M 37.22
Buy Not Issued.
VTIV 01/03 A Wedge 10.31 +0.16 9.69 11.68 105K 238K 9.42
Current.
WFMI 12/18 Flat 70.85 +1.85 66.92 77 1.2M 1M 66.32
Current.
WMS 11/21 Dbl btm 27.12 -0.05 25.83 31.22 76K 650K 26.48
Current.
XTO 12/13 Test BO 28.29 -0.42 28.44 33.95 852K 1.4M 28.11
Exited.
YELL 12/11 Rv H&S 38 +0.47 35.25 42.25 484K 1.3M 35.72
Current.
ZMH 08/09 Test BO 70.01 +0.05 51.12 59.55 892K 3M 68.98
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
TTC 12/15 Put 46.32 +0.02 45.92 42.51 82K 150K 47.05
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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