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stock split, stock recommendation
Begin part 2 of 2
THE PLAYS
Good movers Wednesday: APOL; CLZR; HUG; LM; LXK; MAMA; NUS; PD; SYK
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.
Play Date: 03/17/2004
WMI (Waste Management--$29.84; +0.64; optionable): Waste management
http://biz.yahoo.com/p/w/wmi.html
STATUS: Ascending triangle. Working through an 11 week pattern that is now using the 50 day MVA (28.87) as support on the tests lower. In this pattern the stock makes higher and higher lows below a constant top (in this case 30). Accumulation in the pattern is a solid 3 to 1. Wednesday it jumped higher toward the breakout, but volume was not there and it faded from the breakout. Very solid pattern. Just needs volume on the move through the buy point.
Volume: 1.848M Avg Volume: 1.877M
BUY POINT: $30.25 Volume=2.8M Target=$36.32 Stop=$28.13
POSITION: WMI GF - July $30c (51 delta) &/or Stock
http://www.investmenthouse.com/cs/wmi.html
PRE-ANNOUNCEMENT PLAYS
Continuing Pre-Announcement Plays:
Play Date: 03/11/2004
STN (Station Casinos--$39.87; +0.47; optionable): Resorts and casinos. Forecast to announce a split on 4-20-04 before the market opens on in conjunction with earnings.
BACKGROUND: Last announced a 3 for 2 split in June 2000 at a stock price of approximately around $15. The annual shareholder meeting was on 5-21-03 at which time no additional shares were authorized. The company has sufficient shares for a 2 for 1 split.
http://biz.yahoo.com/p/s/stn.html
STATUS: Test breakout. Volume surged back above average Wednesday as STN started a move off the 10 day MVA (39.37). Solid money flow and relative strength ready for the breakout. Volume has shown some good spikes on up sessions the past two weeks. Looking for the breakout on even better trade.
Volume: 525.3K Avg Volume: 355.136K
BUY POINT: $39.66 Volume=550K Target=$45.75 Stop=$38.08
POSITION: STN GH - July $40c (47 delta) &/or Stock
http://www.investmenthouse.com/cs/stn.html
PRE-SPLITS
Play Date: 03/11/2004
XTO (XTO Energy--$31.76; +0.36; optionable): Independent oil and gas. Splits 5:4 on 3-18-04
http://biz.yahoo.com/p/x/xto.html
STATUS: Breakout test. Building pressure for the breakout as XTO rides up the 10 day MVA (31.17) below a constant top at 32. Volume spiked up to average Wednesday, and with this pattern squeezing tight we are looking for a strong upside breakout.
Volume: 1.206M Avg Volume: 1.087M
BUY POINT: New buy point: $32.12 (orig. $31.25) Volume=1.2M Target=$33.28 Stop=$30.65
POSITION: XTO EF - May $30c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/xto.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
ALVR 03/01 A Wedge 15.04 +0.04 15.59 18.48 674K 1.2M 15.48
Current.
APOL 01/24 Test 18 83.76 +1.98 73.25 82 1.3M 3M 78.12
APOL 12/01 DB hdl 83.76 +1.98 70.72 82 1.3M 2.9M 78.12
Current.
APOL 11/22 DB hdl 83.76 +1.98 66.54 82 1.3M 2.9M 78.12
Current.
APPB 03/13 Test BO 39.83 +0.74 40.55 46.78 250K 739K 39.35
Buy Not Hit.
ARO 03/11 Test 50 34.95 +0.15 34.97 39.52 616K 989K 33.96
Current.
ATVI 02/24 Test BO 14.01 +0.59 20.65 23.75 1.5M 2.3M 19.88
Buy Not Issued.
BCR 12/17 Rv H&S 95.79 +1.49 80.93 92.95 328K 500K 93.88
Current.
BMET 02/28 Test 50 39.2 0 40.22 47 1.9M 2M 38.88
Buy Not Hit.
BR 02/28 Test 50 61.68 +1.08 59.88 63.78 1.3M 1.5M 60.12
Current.
CAKE 02/28 BO 47.03 +0.13 48.35 56 328K 650K 47.35
Current.
CALM 01/29 Cup hdl 39.24 +0.69 36.62 43.75 418K 650K 35.42
Current.
CDWC 03/06 Test BO 67.14 -0.14 72.55 82 728K 1.2M 70.35
Buy Not Hit.
CEC 02/21 Cup hdl 37.16 -0.14 34.96 38.23 519K 272K 36.68
Current.
CHS 02/24 Test BO 43.91 -2.16 46.22 53.15 3.9M 1.1M 44.04
CHT 01/22 Cup hdl 16.98 -0.05 15.75 18.92 349K 1.1M 17.06
Current.
CLKS 02/26 Cup hdl 2.56 -0.01 2.57 3.22 173K 301K 2.48
Current.
CLZR 03/13 Test BO 14.2 +1.05 14.15 16.98 612K 308K 13.16
Current.
COH 02/28 DB hdl 41.12 +0.97 41.66 47.88 858K 2.5M 40.96
Current.
DCOM 02/28 Flat 21.24 +0.45 32.17 37 294K 200K 30.45
Buy Not Hit.
DNA 03/13 Test BO 106.82 +2.27 108.12 118 2.1M 4M 104.95
Buy Not Hit.
DNA 01/03 Test BO 106.82 +2.27 95.44 102 2.1M 3M 107.12
Current.
DWCH 03/16 Test BO 10.33 -0.37 10.92 13.15 38K 175K 10.16
Buy Not Hit.
EAT 03/09 Test BO 37.79 +0.1 39.06 46.88 420K 950K 37.88
Buy Not Hit.
EBAY 03/06 Flat 69.6 +1.68 71.78 82.25 5.8M 10M 68.15
Current.
EBAY 08/02 PreSplt 69.6 +1.68 53.78 60 5.8M 9M 67.48
Current.
EBAY 03/08 BO 69.6 +1.68 40.04 46 5.8M 8M 67.48
Current.
ENCY 03/08 Cup 10.01 +0.52 10.78 12.95 383K 917K 9.94
Buy Not Hit.
EVCI 02/18 Test BO 10.43 +0.44 8.68 10.39 101K 228K 10.04
Current.
FINL 03/16 Test 50 34.06 +0.01 34.48 39.85 167K 661K 33.58
Buy Not Issued.
FOSL 03/13 Test BO 34.08 +1.1 33.82 39 141K 310K 32.35
Buy Not Issued.
GLDN 03/15 Test BO 34.73 +0.15 35.25 43 60K 200K 33.42
Buy Not Hit.
HAR 03/13 Test 50 77.84 +1.34 78.35 90 313K 883K 76.96
Buy Not Issued.
HOV 03/11 Cup hdl 86.29 -1.26 88.75 99 801K 1.4M 85.22
Buy Not Issued.
HUG 03/02 Flat 53.11 +2.56 50.62 58.25 263K 314K 50.38
IDSA 03/16 Test BO 26.71 -0.04 27.25 35 491K 2M 26.55
Buy Not Issued.
IDXX 02/02 DB hdl 55.77 -0.33 50.22 58 676K 500K 51.94
IGT 09/16 Rv H&S 41.82 +0.94 29.05 34.55 2.1M 4.7M 40.38
Current.
INTV 03/08 Flat 14.98 +0.22 13.91 16.85 476K 500K 13.28
Current.
JAH 03/16 Test 18 34.94 +0.14 35.64 42 212K 301K 33.94
Current.
JOSB 03/13 Test BO 37.71 +0.21 39.48 45.45 226K 500K 36.72
Buy Not Issued.
LM 02/07 FlyPlat 92.45 +1.93 92.24 102 502K 550K 89.94
Current.
LXK 12/30 Rv H&S 89.9 +2.4 83.65 94 2.4M 2M 82.94
Current.
MAMA 03/16 Test BO 10.57 +0.79 10.04 13.12 20M 6M 9.15
Current.
MBG 11/18 Cup hdl 54.6 +0.26 44.3 53 838K 1.8M 52.42
Current.
MBT 01/03 Cup 115.13 +3.37 88.39 99.95 205K 412K 108.65
Current.
MIK 02/21 Cup hdl 47.41 +0.41 48.44 55.72 231K 815K 46.22
Buy Not Issued.
NCEN 03/06 A Wedge 49.29 +0.1 51.52 61 620K 1.2M 48.24
Buy Not Issued.
NIHD 03/09 Test BO 101.72 +1.73 105.25 115.28 240K 554K 103.88
Buy Not Hit.
NMGA 01/24 A Wedge 55.05 -0.26 55.39 63.75 142K 254K 57.22
NUS 03/02 Test 50 20.61 +0.78 21.08 25.15 497K 455K 19.91
Current.
OCR 03/15 Test 50 44.99 +0.23 44.88 49.38 430K 743K 43.94
Buy Not Issued.
OSI 02/07 Test 50 48.33 +0.72 48.68 51.96 246K 650K 47.68
Current.
PD 03/11 Test 50 83.96 +3.06 83.32 91 2.6M 3M 81.88
Current.
PDCO 03/09 Flat 68.86 -0.33 70.12 81 393K 759K 66.65
Buy Not Issued.
PG 03/13 Test BO 104.22 +1.16 104.92 115 3M 4.2M 103.25
Buy Not Hit.
PSUN 03/06 Test 50 23.69 +0.23 25.04 30 601K 2.4M 24.15
Buy Not Hit.
QCOM 02/25 Test BO 64.72 +0.59 63.03 72 8M 11M 61.15
Current.
SBUX 07/30 Cup 37.36 -0.02 30.35 36.75 2.4M 6M 37.32
Current.
SBUX 07/01 Cup 37.36 -0.02 26.3 30.94 2.4M 6M 37.32
Current.
SLAB 01/31 Cup hdl 55.49 +0.55 51.12 58 865K 1.9M 54.22
Current.
SONC 01/10 Test BO 34.86 +0.41 36.15 42 227K 562K 34.88
Buy Not Issued.
SPAB 02/10 A Wedge 3.78 +0.08 3.49 4.35 76K 451K 3.96
Current.
STJ 01/13 Cup hdl 73.34 +0.39 64.68 75 1M 2.2M 74.55
Current.
STN 03/11 Test BO 39.87 +0.47 39.66 45.75 522K 550K 38.08
Buy Not Issued.
SYK 12/29 A Wedge 91.2 +3.03 88.75 100 638K 745K 89.11
Current.
SYMC 02/05 FlyPlat 43.72 +0.71 40.94 46.88 3.5M 6M 42.05
Current.
TASR 02/10 Test BO 56.78 +0.92 45.88 54.55 2M 1M 53.45
Current.
TOL 01/27 Cup hdl 45.38 -0.82 42.71 51 1.4M 1.2M 44.68
Current.
TSCO 01/24 Cup 40.66 +0.57 45.22 55 223K 719K 42.05
Buy Not Hit.
TSCO 07/29 Test BO 40.66 +0.57 28.06 31.44 223K 494K 42.65
Current.
TSCO 07/05 Test 50 40.66 +0.57 26.62 30 223K 500K 42.65
Current.
TSCO 06/03 Rv H&S 40.66 +0.57 23.42 27.62 223K 603K 42.65
Current.
TSCO 04/24 Cup hdl 40.66 +0.57 21.88 26 223K 603K 42.65
Current.
TSCO 04/03 Rv H&S 40.66 +0.57 19.3 22.19 223K 577K 42.65
Current.
TTI 03/02 Test 50 26.55 +0.35 27.22 31.55 142K 193K 25.64
Buy Not Issued.
TTP 03/01 Test 50 4.73 +0.15 4.59 5.55 117K 342K 4.68
Current.
ULTI 02/09 Cup hdl 13.54 +0.24 11.38 13.62 369K 120K 12.58
Current.
UOPX 11/03 Test 50 83.35 +2.14 71.12 84 178K 315K 80.55
Current.
UOPX 10/25 Test 50 83.35 +2.14 68.95 82 178K 315K 80.55
Current.
VAR 03/03 Flat 87.6 +1.1 88.11 100 320K 750K 84.97
Current.
VAR 10/28 Cup hdl 87.6 +1.1 64.5 74.25 320K 1.1M 84.97
Current.
VIP 01/03 Test BO 90.71 +2.37 73.34 85 267K 615K 85.12
Current.
XTO 03/11 Test BO 31.76 +0.36 32.12 36.95 1.2M 1.2M 30.95
Buy Not Issued. Volume was up but it was pulling back off high. For
new positions going to raise the buy to clear ressitance
at 32.
ZBRA 03/06 Test 50 70.3 +1.22 70.88 84 221K 517K 69.42
Buy Not Issued.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AZO 03/10 Put 83.7 +0.13 84 81.28 776K 1.1M 83.66
Current.
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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stock split
stock recommendation
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