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us stock market, stock split
Begin part 2 of 2
Full reports with write-ups for each continuing play issue Tuesday, Thursday and Saturday.
THE PLAYS
In each report we prepare full write-ups for those plays that look ready to move. Those that have made the move or are still setting up are discussed in the continuing play table. The purpose is to focus on those stocks that are set to move.
NEW PLAYS: This section includes plays from all sections other than pre-announcements. Those are contained in the pre-announcement section.
Leader Plays: May not be ready for a split but can make us good money and some can grow into split candidates.
Play Date: 02/23/2004
CHU (China Unicom--$12.43; -0.32; optionable): Chinese wireless telecom
http://biz.yahoo.com/p/c/chu.html
STATUS: Testing the breakout. CHU broke out from a 10 week cup with handle base in early January, rallied to 12.75, and then slipped back to the 50 day MVA (11.18) to test the move. It held and CHU launched higher, moving on strong trade, last week. It has tested that next move, coming back to the 10 day MVA (12.34) on low, below average volume. Stocks surge and fall back, surge and fall back, all the while making higher lows (if they are trending higher, that is). CHU is early in its run following the breakout, and we are looking for it to jump up from here on once again above average volume.
Volume: 444.3K Avg Volume: 759.59K
BUY POINT: $12.88 Volume=800K Target=$15.45 Stop=$11.98
POSITION: CHU GV - July $12.50c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/chu.html
Downside:
Play Date: 02/23/2004
SNDK (Sandisk--$23.99; -1.15; optionable): Camera, PC data storage cards
http://biz.yahoo.com/p/s/sndk.html
STATUS: Put. SNDK broke the 200 day MVA (29.04) to end January and tried to hold up, moving laterally along 25. When the 10 day MVA (25.54) came to meet it, it started the stock lower. Monday it fell from the 10 day MVA Monday on rising though still below average volume. Money flow is tanking and we are ready to move in as it continues the fall.
Volume: 9.817M Avg Volume: 12.266M
BUY POINT: $23.76 Volume=11M Target=$3.25 Stop=$25.64
POSITION: SWQ PZ - Apr. $23.75p (-44 delta)
http://www.investmenthouse.com/cs/sndk.html
Continuing Leader Plays
Play Date: 01/22/2004
CHT (Chunghwa Telecom--$16.45; -0.1; optionable): Chinese wireless telecom
http://biz.yahoo.com/p/c/cht.html
STATUS: Breakout test. CHT is making its second test of the short term MVA (10 and 18 day MVA) after a breakout move in late January. CHT is holding up very well as the market sells, settling on the 10 day MVA (16.41) Monday on lower, average volume. Very good action showing excellent relative strength. Stocks tend to make 4 to 5 bounced off the 10 or 18 day MVA on these post breakout runs. Thus there is plenty of upside left on this move.
Volume: 431K Avg Volume: 399.227K
BUY POINT: New: $16.72 (orig. $15.75) Volume=1.1M Target=$18.92 Stop=$16.05
POSITION: CHT FC - June $15c (70 delta) &/or Stock
http://www.investmenthouse.com/cs/cht.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
The following link is to a spreadsheet download of the continuing play table. It will allow subscribers to sort the data for your personal 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!
http://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 FOR CONTINUING PLAY TABLE
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; 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
ABTL 02/20 Rv H&S 12.69 -0.3 13.12 15.85 435K 775K 12.44
Current.
ABTL 01/31 Rv H&S 12.69 -0.3 12.83 15.45 435K 775K 12.44
Current.
AGN 01/13 Cup hdl 85.76 -0.64 84.46 94 433K 1.2M 85.94
Current.
ANPI 02/19 Test 18 27.21 -1.35 28.05 32.18 659K 705K 27.12
Exited.
ANPI 01/22 Dbl btm 27.21 -1.35 26.06 29.89 659K 528K 27.12
Trailing Stop.
APOL 01/24 Test 18 76.58 -1.05 73.25 82 1.2M 3M 75.96
APOL 12/01 DB hdl 76.58 -1.05 70.72 82 1.2M 2.9M 75.96
Current.
APOL 11/22 DB hdl 76.58 -1.05 66.54 82 1.2M 2.9M 75.96
Current.
ASKJ 01/04 Test 50 19.98 -1.02 20.88 24.95 2.5M 3.7M 21.92
Exited.
BCR 12/17 Rv H&S 92 -0.9 80.93 92.95 389K 500K 92.22
Current.
BRL 02/17 DB hdl 76.84 -1.18 80.72 85.75 467K 700K 78.45
Buy Not Issued.
BRNC 02/05 A Wedge 3.18 -0.12 3.55 4.65 149K 112K 3.24
Current.
CALM 01/29 Cup hdl 37.29 -2.05 36.62 43.75 631K 650K 37.05
Current.
CEC 02/21 Cup hdl 51.35 -0.27 52.12 57.35 237K 272K 49.38
Buy Not Hit.
CENT 01/22 Test BO 34.2 -0.05 33.05 39 108K 200K 33.38
Current.
CHT 01/22 Cup hdl 16.45 -0.1 15.75 18.92 431K 1.1M 16.05
Current.
CLZR 02/21 Test BO 21.64 -0.53 22.65 26 151K 235K 21.94
Buy Not Hit.
DKS 02/21 Test BO 56.22 -1.08 57.65 66.35 266K 400K 56.18
Buy Not Hit.
DNA 01/03 Test BO 95.25 -0.07 95.44 102 2.4M 3M 95.88
Current.
DRAX 02/21 Test BO 4.15 -0.32 4.68 5.65 508K 385K 4.35
Buy Not Hit. Thudded down below the 18 day MVA tapping 4.06 at the intraday low and rallied on stronger above average volume. The stock has not made the move we were looking for so will drop, but will keep our eye on it.
DVA 01/21 A Wedge 44.45 -0.5 40.12 46 294K 504K 43.88
Current.
EAR 02/14 Dbl btm 2.6 -0.1 2.64 3.22 350K 601K 2.55
Current.
EBAY 08/02 PreSplt 67.73 -1.53 53.78 60 6.8M 9M 67.48
Current.
EBAY 03/08 BO 67.73 -1.53 40.04 46 6.8M 8M 67.48
Current.
ELAB 01/22 BO 58.41 -1.43 59.98 68 288K 499K 57.96
Current.
ETN 01/31 Test 18 118.15 -2.46 116.88 123.5 582K 900K 119.48
EVCI 02/18 Test BO 7.73 -0.17 8.62 10.35 348K 228K 8.02
Buy Not Issued.
FOSL 01/20 DB hdl 28.7 -0.11 29.92 35 196K 300K 28.72
GPRO 11/12 Cup hdl 32.45 -1.51 30.85 36.95 1.1M 1.1M 36.32
Trailing Stop.
IDCC 02/14 Cup hdl 26.3 -0.18 26.79 32.32 1.2M 935K 24.86
Current.
IDXX 02/02 DB hdl 50.04 -0.22 50.22 58 154K 500K 49.94
IGT 09/16 Rv H&S 37.47 -0.52 29.05 34.55 1.4M 4.7M 37.32
Current.
INTL 02/19 Test BO 30.01 -0.64 31.12 35.88 543K 458K 29.05
Buy Not Hit.
IRM 01/17 Test BO 41.61 -1.38 43.67 52.12 311K 492K 42.38
Exited.
JADE 02/03 DB hdl 4.82 -0.18 5.68 7.12 87K 242K 5.28
Buy Not Hit.
LM 02/07 FlyPlat 92.41 -0.8 92.24 102 422K 550K 91.97
Current.
LOW 02/21 Cup hdl 56.67 -1.71 58.75 67.55 7.8M 5.2M 56.75
Buy Not Hit.
LXK 12/30 Rv H&S 81.1 -1.83 85.95 94 962K 2M 82.12
Buy Not Issued.
MBG 11/18 Cup hdl 50.6 +0.45 44.3 53 1.2M 1.8M 48.76
Current.
MBT 01/03 Cup 103.59 -1.46 88.39 99.95 246K 412K 101.12
Current.
MIK 02/21 Cup hdl 46.4 -0.25 48.44 55.72 294K 815K 46.22
Buy Not Hit.
MSCC 01/29 Test BO 14.51 -1.07 30.95 35.68 1.1M 700K 30.22
Exited.
MVIS 02/11 Cup 9.62 +0.08 9.15 11 180K 200K 8.98
Current.
NATI 02/14 Test 18 33.25 -0.28 50.14 58 574K 300K 48.64
Current.
NFLX 01/29 Test 18 35.02 -0.36 36.39 40 5.3M 5M 35.42
Current.
NMGA 01/24 A Wedge 56.56 -1.15 55.39 63.75 138K 254K 56.88
NSIT 02/03 Test 50 21.7 -0.29 22 26 540K 730K 21.73
Current.
OPSW 02/17 Rv H&S 8.34 -0.5 9.68 11.65 1.3M 2M 8.45
Buy Not Issued.
OSI 02/07 Test 50 44.9 -0.3 45.12 51 442K 650K 41.96
Buy Not Issued.
OTEX 01/05 Flat 27.85 -1.15 21.33 25.48 642K 650K 28.61
Trailing Stop.
PRFT 02/14 Test BO 3.61 -0.18 4.38 5.48 214K 229K 4.07
Buy Not Hit. More volatile with 3.65 at the high and 3.01 at the low (50 day MVA). Gapped down holding above support on stronger above average volume. The stock has not made the move we were looking for so will drop, but will keep an eye on it.
RJF 02/17 Dbl btm 37.86 -0.98 39.62 44.55 126K 304K 37.95
Buy Not Hit.
SBUX 07/30 Cup 37.79 +0.02 30.35 36.75 3M 6M 36.68
Current.
SBUX 07/01 Cup 37.79 +0.02 26.3 30.94 3M 6M 36.68
Current.
SLAB 01/31 Cup hdl 53.17 +0.88 51.12 58 1.7M 1.9M 52.12
Current.
SNUS 02/18 Test BO 7.28 -0.72 8.11 9.74 125K 148K 7.54
Exited.
SNUS 01/13 Test BO 7.28 -0.72 7.69 9.22 125K 175K 7.48
Exited.
SONC 01/10 Test BO 33.25 -0.37 33.68 41 130K 562K 32.62
Buy Not Issued.
SPAB 02/10 A Wedge 3.17 -0.23 3.49 4.35 58K 451K 3.25
Current.
STJ 01/13 Cup hdl 72.57 -1.08 64.68 75 1.1M 2.2M 72.12
Current.
SYK 12/29 A Wedge 89.35 -0.58 88.75 100 349K 745K 89.11
Current.
SYMC 02/05 FlyPlat 39.34 -1.15 40.94 46.88 4.1M 6M 38.78
Current.
TASR 02/10 Test BO 54.56 -2.39 45.88 54.55 6.6M 1M 56.75
Current.
TIVO 01/31 Cup 10.56 -0.84 11.16 13.35 2.8M 4.5M 11.08
Exited.
TOL 01/27 Cup hdl 40.79 +0.07 42.71 51 536K 1.2M 40.42
Current.
TSCO 01/24 Cup 41.27 -0.88 45.22 55 284K 719K 42.05
Buy Not Hit.
TSCO 07/29 Test BO 41.27 -0.88 28.06 31.44 284K 494K 41.55
Current.
TSCO 07/05 Test 50 41.27 -0.88 26.62 30 284K 500K 41.55
Current.
TSCO 06/03 Rv H&S 41.27 -0.88 23.42 27.62 284K 603K 41.55
Current.
TSCO 04/24 Cup hdl 41.27 -0.88 21.88 26 284K 603K 41.55
Current.
TSCO 04/03 Rv H&S 41.27 -0.88 19.3 22.19 284K 577K 41.55
Current.
ULTI 02/09 Cup hdl 12.67 -0.05 11.38 13.62 304K 120K 11.65
Current.
UOPX 11/03 Test 50 79.55 -2.05 71.12 84 181K 315K 80.55
Current.
UOPX 10/25 Test 50 79.55 -2.05 68.95 82 181K 315K 80.55
Current.
UTX 02/18 Flat 93.8 -2.82 97.94 1112 5.8M 2.8M 94.88
Buy Not Hit.
VANS 02/02 DB hdl 12.38 -0.17 13.06 15.62 91K 250K 12.15
Buy Not Issued.
VAR 10/28 Cup hdl 83.15 +0.03 64.5 74.25 691K 1.1M 81.54
Current.
VIP 01/03 Test BO 81.05 -0.97 73.34 85 210K 615K 79.97
Current.
VTIV 01/03 A Wedge 10.45 -0.45 9.69 11.68 205K 238K 10.82
Exited.
WRLS 02/19 A Wedge 14.74 -0.25 15.55 18.66 114K 300K 14.46
Buy Not Hit.
XTO 02/19 Test 18 27.41 -0.17 28.22 31.75 678K 1.2M 27.48
Buy Not Hit.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
$SOX 02/23 H&S 495.81 -13.99 492.24 475 0 0 500.38
Current. SOX continued to struggle so started an aggressive
position. Will look for more on any test of 500 that
fails and look for a 1st target at 475.
^OEX 02/04 Put 564.58 -0.29 558 546 0 1.3M 561.25
Current.
AVID 02/05 Put 39.55 -0.46 44.45 40.35 689K 600K 42.12
Target Hit.
CTX 02/09 Put 99.77 +0.01 97.5 91.94 1.1M 1.5M 99.98
Current.
HUM 02/04 Put 21.45 -0.16 21.65 20 1M 1.9M 21.94
Current.
RBK 02/12 Put 38.44 +0.63 37.62 35.62 674K 700K 38.55
Buy Not Issued.
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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us stock market
stock split
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