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 Wednesday:

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: 01/21/2004
DVA (Davita--$39.70; +0.75; optionable): Specialized health
http://biz.yahoo.com/p/d/dva.html
STATUS: Ascending triangle. After a strong breakout and surge from May, DVA is now working on an 11 week base sporting excellent 4 to 1 accumulation (4 up price weeks on rising volume versus 1 down price week on rising volume). The base has used the 50 day MVA (37.90) as support, an important level where the big money has moved in to buy the stock, starting the bumps higher. It is building pressure from below as it bangs into the top at 40. Volume has surged the past 4 sessions, a good sign as it moves back up to the breakout point.
Volume: 472.1K Avg Volume: 336.045K
BUY POINT: $40.08 Volume=504K Target=$46 Stop=$38.68
POSITION: DVA GH - July $40c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/dva.html

Play Date: 01/21/2004
SPPI (Spectrum Pharma--$9.88; +0.67; no options): Biotechnology
http://biz.yahoo.com/p/s/sppi.html
STATUS: Reverse head and shoulders. Volume was surging Wednesday as as SPPI started the breakout move from a nice 16 week base showing strong 5 to 2 accumulation and solid money flow. Relative strength is breaking out on the move as well, a further sign of the stock's strength. Looking for more upside on a continued strong volume.
Volume: 724.826K Avg Volume: 187.545K
BUY POINT: $10.02 Volume=281K Target=$12.12 Stop=$9.32
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/sppi.html

Continuing Leader Plays:

Play Date: 01/04/2004
ASKJ (Ask Jeeves--$23.35; -0.65; optionable): Internet information provider
http://biz.yahoo.com/p/a/askj.html
STATUS: Testing the breakout. After surging out of a 14 week base to start the year ASKJ has spent the past week moving laterally and slightly lower over the 10 day MVA (23.11). Volume has faded to below average as it does, indicating no heavy selling of the stock as it tests the move. It is holding over the high in the pattern (22.75), and when the 10 day moves up to meet the stock that often sets off the next move. Excellent money flow. Looking for a rebound from here on volume.
Volume: 1.275M Avg Volume: 2.056M
BUY POINT: New: 24.28 (orig. $20.88) Volume=3.7M Target=New positions: $28 (orig. positions $24.95) Stop=$22.62
POSITION: AUK CD - Mar. $20c (57 delta) &/or Stock
http://www.investmenthouse.com/cs/askj.html

PRE-ANNOUNCEMENT PLAYS

SONC, SHFL, IRM, GGG are all still in good shape and the same basic position as in the Tuesday report.

Continuing Pre-Announcement Plays:

Play Date: 01/20/2004
FOSL (Fossil--$29.98; +0.47; no options): Watches, clothes, etc. Forecast 2-24-04 with earnings.
BACKGROUND: Three 3:2 splits in the past, the most recent in June 2002 at a price right at $30.
http://biz.yahoo.com/p/f/fosl.html
STATUS: Double bottom w/handle. After a strong volume surge Tuesday FOSL was making a solid move Wednesday on lower though still strong trade. A very nice 9 week base with solid 3 to 1 accumulation and month flow surging ahead of the price. Ready for further gains and still a buy.
Volume: 394.312K Avg Volume: 206.454K
BUY POINT: New: $30.12 (orig. $29.92) Volume=300K Target=$35 Stop=$28.32
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/fosl.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
AGN 01/13 Cup hdl 82.91 +1.97 81.78 94 695K 1.2M 77.98
Buy Not Issued. Nice price move but another stock where volume lagged
at below average levels. Decided to wait.

ALTI 01/02 Test BO 3.97 -0.02 3.02 3.78 3.5M 2.3M 3.34
Current.

ALTI 12/01 Dbl btm 3.97 -0.02 2.05 2.74 3.5M 1.2M 3.34
Current.

AMZN 12/24 Dbl btm 56.2 -0.41 53.82 64 6.7M 15M 53.94
Current.

APA 12/16 Test BO 42.55 +0.15 39.09 43 1.7M 1.2M 40.68
Current.

APOL 12/01 DB hdl 74.6 -0.5 70.72 82 746K 2.9M 71.94
Current.

APOL 11/22 DB hdl 74.6 -0.5 66.54 82 746K 2.9M 71.94
Current.

ASKJ 01/04 Test 50 23.35 -0.65 20.88 24.95 1.3M 3.7M 22.62
Current.

ATYT 01/06 Flat 17.32 -0.36 16.92 20.21 3.8M 3.9M 16.78
Current.

BCR 12/17 Rv H&S 88.35 -0.58 80.93 92.95 570K 500K 85.25
Current.

BEAV 11/18 Test BO 6.96 +0.4 6.27 7.72 356K 506K 5.96
Current.

BRLI 01/17 Rv H&S 21.01 -0.74 19.32 23 2.2M 558K 17.97
Buy Not Issued.

BRNC 01/17 A Wedge 3.25 +0.03 3.24 4.21 25K 112K 2.97
Buy Not Issued.

CANI 01/20 Flat 15.58 +0.58 15.98 19 1.1M 477K 14.86
Current. Disappointing. Was running very well on volume, hitting
16.76 after we bought in, but fell off the table late.

CHINA 01/08 Flat 11.33 +0.05 11.84 14.32 4M 5.1M 10.98
Current.

CHU 01/02 Test 50 12.28 +0.09 10.02 12.25 1.2M 880K 10.94
Current.

CKSW 12/30 Test 50 3.65 -0.28 4.49 5.51 833K 450K 4.14
Exited.

CLEC 10/30 Cup hdl 7.85 0 5.54 6.94 47K 96K 7.48

CYBX 12/22 DB hdl 38.01 -0.18 33.73 40.45 175K 429K 37.25
Current.

DE 12/16 A Wedge 65.87 +1.24 64.78 77.55 1.4M 2.2M 64.13
Current.

DFIB 01/15 Cup hdl 5.33 +0.59 5.15 6.12 4.7M 1.2M 4.74
Current.

DGX 01/06 Test BO 77.84 +0.29 73.88 84.85 409K 1.2M 74.41
Current.

DNA 01/03 Test BO 94.4 +2.09 93.06 100 2.2M 3M 91.25
Buy Not Issued. Thought really hard about entering but volume still
a bit light. With biotechs looking better may regret
this, but with market extended wanted to see better volume.

DTAS 12/09 Flat 11.18 -0.9 9.49 11.88 910K 517K 11.92
Current.

EBAY 08/02 PreSplt 64.38 -1.32 53.78 60 10M 9M 63.84
Current.

EBAY 03/08 BO 64.38 -1.32 40.04 46 10M 8M 63.84
Current.

EONC 01/08 Test 18 4.3 -0.2 4.12 5.18 302K 240K 3.80
Current.

ERES 01/07 Dbl btm 35.09 0 32.55 38.88 1M 2.1M 34.45
Current.

FALC 12/18 Flat 9.98 -0.07 8.58 10.35 231K 300K 9.42
Current.

FCS 01/15 Cup hdl 27.75 -0.25 28.38 33.88 1.8M 2.2M 26.69
Buy Not Issued. Forming a second handle to the base. Moved up the buy point for a breakout over that resistance. Still looks solid, reacting well the the chip earnings.

FOSL 01/20 DB hdl 29.98 0 29.92 35 394K 300K 28.32
A bit volatile intraday but put together a good move
late on some continued solid volume. Still a buy on
a move over 30.

GGG 12/20 FlyPlat 40.13 +0.13 40.55 48.75 101K 200K 39.42
Buy Not Issued.

GILD 01/17 Rv H&S 65.37 +1.82 65.58 75.25 5.3M 5M 62.28
Current.

GPRO 11/12 Cup hdl 38.63 +1.02 30.85 36.95 1.1M 1.1M 34.48
Current.

GRMN 11/24 Cup hdl 57.62 0 54.38 62 276K 690K 56.11
Current.

GRMN 11/09 Cup hdl 57.62 0 53.82 62 276K 690K 56.11
Current.

HOLX 12/06 Cup 18.25 +0.41 16.32 19.65 237K 200K 17.55
Current.

IDEV 01/13 Flat 6.8 -0.21 7.12 8.55 478K 500K 6.48
Buy Not Issued.

IGT 09/16 Rv H&S 36.6 0 29.05 34.55 2.6M 4.7M 35.22
Current.

IRM 01/17 Test BO 41.2 -0.08 42.22 50.72 268K 492K 41.25
Buy Not Hit.

KSWS 12/09 Test 18 27.5 +0.17 23.65 27.06 366K 200K 25.55
Current.

KSWS 11/19 Test BO 27.5 +0.17 22.36 25.5 366K 225K 25.55
Current.

LEA 01/10 Cup hdl 67.3 +1 64.65 74.35 494K 680K 65.25

LLTC 01/08 Cup 41.65 -0.41 44.95 53 4.4M 6.4M 43.12
Current.

LXK 12/30 Rv H&S 78.03 -2.27 79.12 89 998K 2M 77.12
Buy Not Issued.

MALL 12/29 Test BO 17.97 -0.08 16.68 20 39K 170K 16.74
Current.

MBG 11/18 Cup hdl 46.34 -0.12 44.3 53 1M 1.8M 45.72
Current.

MBT 01/03 Cup 94.79 +3.89 88.39 99.95 318K 412K 84.55
Current.

MGAM 01/10 Test BO 45.06 -1.93 46.25 53.18 531K 862K 43.55
Buy Not Issued.

MMSI 12/29 Test 50 24.5 +0.7 22.11 26.55 180K 260K 22.68
Current.

NCEN 01/10 A Wedge 45.96 +1.41 41.69 49.42 749K 1.4M 42.96
Current.

OBAS 01/20 DB hdl 7.77 -0.55 8.48 10.22 120K 200K 7.89
Buy Not Hit.

OSIS 12/01 DB hdl 22.79 +0.85 19.69 23.62 228K 365K 20.92
Current.

OTEX 01/05 Flat 24.77 -0.59 21.33 25.48 254K 650K 23.92
Current.

OVTI 01/20 Test 50 58.39 -0.39 60.12 67.48 1.1M 2M 56.55
Buy Not Hit.

PHTN 01/08 Rv H&S 45.07 -0.75 42.75 50 306K 438K 42.35
Current.

PWAV 01/15 Cup hdl 10.26 -0.64 10.42 12.54 2.7M 4.9M 9.69
Buy Not Issued.

QCOM 12/11 Cup hdl 58.77 -0.11 50.61 58.25 11M 12M 58.28
Current.

SBUX 07/30 Cup 35 +0.17 30.35 36.75 2.6M 6M 33.06
Current.

SBUX 07/01 Cup 35 +0.17 26.3 30.94 2.6M 6M 33.06
Current.

SFY 12/08 Cup 19.3 +0.3 15.38 18.55 493K 200K 17.68

SHFL 11/22 Cup hdl 36.15 -0.3 31.47 37.55 230K 425K 35.72
Current.

SLXP 12/02 Flat 22.8 0 20.29 24.55 131K 316K 22.18
Current.

SNUS 01/13 Test BO 6.48 +0.06 6.55 7.95 56K 175K 6.09
Buy Not Issued.

SNWL 01/10 Flat 8.97 -0.28 8.99 10.72 719K 1.1M 8.44
Current.

SONC 01/10 Test BO 33.5 +0.2 34.28 41 196K 562K 32.68
Buy Not Issued.

SOV 12/13 Test BO 24 +0.57 24.37 29.12 2.5M 2.7M 23.88
Current.

SPIL 01/10 Cup hdl 6.11 -0.11 5.84 7.35 2.2M 1.9M 5.55
Current.

STJ 01/13 Cup hdl 66.5 +1.35 64.68 75 2.2M 2.2M 62.98
Current.

STXN 01/14 Cup hdl 6.25 -0.59 6 7.28 704K 584K 5.48
Current.

SYK 12/29 A Wedge 88.94 +0.94 88.75 100 553K 745K 86.45
Current.

SYKE 01/14 Cup 9.67 -0.24 9.88 11.85 175K 285K 9.19
Buy Not Issued.

THO 01/15 Test 50 62.63 +1.93 59.96 64.85 215K 255K 57.48
Buy Not Issued.

TMWD 12/30 Test 50 6.77 -0.62 8.38 10.15 787K 880K 7.45
Exited.

TRPH 12/11 Test BO 7.91 -0.05 6.49 7.68 661K 1.7M 7.68
Current.

TRPH 12/01 Test 50 7.91 -0.05 5.58 6.94 661K 1.7M 7.68
Current.

TSCO 07/29 Test BO 44 +5.1 28.06 31.44 2.9M 494K 38.88
Current.

TSCO 07/05 Test 50 44 +5.1 26.62 30 2.9M 500K 38.88
Current.

TSCO 06/03 Rv H&S 44 +5.1 23.42 27.62 2.9M 603K 38.88
Current.

TSCO 04/24 Cup hdl 44 +5.1 21.88 26 2.9M 603K 38.88
Current.

TSCO 04/03 Rv H&S 44 +5.1 19.3 22.19 2.9M 577K 38.88
Current.

TTMI 01/05 Rv H&S 20 -0.36 18.75 22.72 624K 725K 18.65
Current.

TUTS 12/29 Test 18 7.49 0 7.19 8.94 161K 175K 6.86
Current.

UOPX 11/03 Test 50 79.13 +0.13 71.12 84 101K 315K 75.72
Current.

UOPX 10/25 Test 50 79.13 +0.13 68.95 82 101K 315K 75.72
Current.

UTSI 01/05 Cup 36.26 -1.2 40.15 46.55 3.8M 4M 39.28
Exited.

UTSI 11/22 Test 50 36.26 -1.2 36.88 44 3.8M 6.4M 39.28
Exited.

VAR 10/28 Cup hdl 75.95 +0.92 64.5 74.25 697K 1.1M 73.88
Current.

VIP 01/03 Test BO 75.4 +1.44 73.34 85 518K 615K 72.58
Current.

VOCL 01/13 DB hdl 5.82 -0.48 6.62 8.28 365K 581K 6.16
Buy Not Issued.

VRTS 01/06 A Wedge 39.17 -0.79 39.22 47 4.2M 8M 37.22
Buy Not Issued.

VTIV 01/03 A Wedge 10.6 +0.16 9.69 11.68 68K 238K 9.86
Current.

WFMI 12/18 Flat 68.68 +0.23 66.92 77 696K 1M 68.12
Current.

WGO 01/17 Flat 74.13 +0.63 73.38 79 227K 325K 70.36
Current.

WMS 11/21 Dbl btm 28 +0.25 25.83 31.22 171K 650K 26.88
Current.

YELL 12/11 Rv H&S 38.86 +1.42 35.25 42.25 1.2M 1.3M 36.48
Current.

ZMH 08/09 Test BO 74.8 +0.53 51.12 59.55 1.1M 3M 74.42
Current.

Downside Plays

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

TTC 12/15 Put 46.71 +0.84 45.92 42.51 168K 150K 47.05
Moving up closing above the 18 day MVA on strong volume surge. 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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