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trade stock, stock recommendation
Begin part 2 of 2
Good moves Monday: QCOM; UTHR; COG; GRP; SGMS
NEW PLAYS:
New Pre-Split Plays:
Play Date: 08/23/2004
POOL (SCP Pool--$43.43; -0.02; optionable): Basic materials. Splits 3:2 on 9-13-04
http://biz.yahoo.com/p/p/pool.html
After Hours: $43.81
STATUS: Pre-split cup. Looks ready to jump up in a short 6 week base that followed a nice breakout and run in April. Friday POOL was up on some rising volume, but Monday that volume was much better, moving toward average. Money flow is leading higher and there is positive 2 to 1 accumulation in the current pattern. Looking for volume to continue to work higher as it continues the Friday move after a rest Monday.
Volume: 273.831K Avg Volume: 278.909K
BUY POINT: $44.12 Volume=300K Target=$48.45 Stop=$42.89
POSITION: QCL AI - Jan. $45c (42 delta)
http://www.investmenthouse.com/cs/pool.html
New Post-Split Plays:
Play Date: 08/23/2004
WCN (Waste Connections--$28.74; -0.04; optionable): Waste management
http://biz.yahoo.com/p/w/wcn.html
STATUS: Cup w/handle. A nice short 7 week base has formed after splitting in late June. It has held its gains well, refusing to give them up; that is a sign of strength. Solid 2 to 0 accumulation in the pattern is setting up the next move from this strong leader. Money flow is moving higher ahead of price, and with the tight range on low volume over the 18 day EMA (28.55), it is getting ready to break higher.
Volume: 212.3K Avg Volume: 321.772K
BUY POINT: $29.06 Volume=400K Target=$32.15 Stop=$28.35
POSITION: GWC JY - Oct. $26.62c (95 delta) or WCN AF - Jan. $30c (35 delta) &/or Stock
http://www.investmenthouse.com/cs/wcn.html
CONTINUING PLAYS
* * SPREADSHEET DOWNLOAD * * *
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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: Asc Tri =Ascending triangle; 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; Dsc Tri=Descending triangle; 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.
PLAY STATUS: Buy not hit (stock has not hit buy point); Buy not issued (stock has hit buy point but did not enter due to weak volume, poor intraday action, poor market action); Current (ongoing play already entered); Entered today (entered the play that session); Exited (closed the position); Target hit (play hit initial target; will note if took all or partial gain or let run further); Trailing stop (exited using a trailing stop loss).
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AEOS 07/27 Flat 33.58 -0.53 31.18 36.32 1M 2.3M 32.82
Current.
AET 08/11 DB hdl 93.62 -0.61 90.38 96.65 1.3M 1.8M 93.39
Current.
ARO 08/14 Asc Tri 31.22 -0.68 32.15 36.45 532K 1.6M 30.88
Buy Not Issued.
BAC 08/03 Flat 88.3 -0.2 85.45 90.85 4.2M 6M 87.89
Current.
CCBI 08/19 Test BO 23.25 -0.38 23.35 26.48 854K 600K 22.88
Current.
EBAY 06/25 BO 82.35 +0.98 90.54 105 8.2M 10M 88.65
Current.
EBAY 03/06 Flat 82.35 +0.98 71.78 82.25 8.2M 10M 88.65
Current.
EBAY 08/02 PreSplt 82.35 +0.98 53.78 60 8.2M 9M 88.65
Current.
EBAY 03/08 BO 82.35 +0.98 40.04 46 8.2M 8M 88.65
Current.
FAST 08/21 Flat 61.52 -0.37 62.75 70.72 387K 937K 60.45
Buy Not Hit.
HUG 08/19 Asc Tri 61.7 -1 60.92 67 304K 427K 59.15
Buy Not Issued.
ISCA 08/17 FlyPlat 50.88 -0.94 53.46 58.48 50K 200K 52.12
Buy Not Hit.
IVX 08/21 Flat 24.75 +0.03 25.08 30 564K 1.9M 24.62
Buy Not Hit.
JOSB 08/14 Cup 26.43 -0.84 26.66 31.14 505K 468K 26.05
Current.
JOYG 08/02 Rv H&S 30.57 -0.35 31.78 36.75 343K 450K 30.02
Current.
KMRT 08/18 Dbl btm 76.45 -0.1 79.42 88.88 2.1M 3.6M 77.85
Buy Not Hit.
MBT 08/07 Cup 123.5 -0.65 122.65 135 154K 500K 121.22
Current.
MET 08/12 DB hdl 36.25 -0.44 36.58 41 1.3M 2.5M 36.08
Current.
MIK 08/21 Dbl btm 55.4 -0.27 56.15 62 377K 601K 55.68
Buy Not Hit.
MSA 08/07 Test BO 40.49 -1.49 39.02 45.38 355K 283K 40.45
Current.
MSA 07/21 Test BO 40.49 -1.49 35.65 40 355K 229K 40.45
Current.
NCEN 08/21 Rv H&S 52 +1.03 51.22 59 724K 1.1M 49.34
Buy Not Issued.
OPTN 07/24 Test BO 15.7 -0.25 16.58 20 72K 175K 16.24
Buy Not Issued.
PDCO 08/12 DB hdl 76.49 +0.2 77.02 83 461K 698K 76.34
Buy Not Issued.
PENN 08/05 Test BO 37.77 +0.29 36.12 40.62 487K 700K 35.55
Buy Not Issued.
POT 08/09 PreSplt 50.29 -0.83 50.48 54 223K 258K 50
Current.
QCOM 08/14 Flat 37.97 +0.77 35.42 40.48 19M 11M 35.98
Current.
RIMM 08/21 Dbl btm 63.03 +1.26 63.12 72 8.5M 10M 62.22
Buy Not Issued. Not bad trade but suffered from a common Monday problem,fading back the last 1/2 of session. Will let it rebound
again.
SMSI 08/07 Test BO 4.13 -0.12 3.71 4.72 110K 315K 4.12
SNDA 07/31 Cup hdl 20 -1.58 19.51 23.32 614K 500K 20.46
Current.
SYMC 08/10 DB hdl 48.47 +0.43 47.83 53.88 2.9M 7.6M 46.94
Current.
TZOO 08/07 Test 18 36.44 -4.45 28.27 33.95 1.2M 775K 39.84
Current.
UTHR 08/10 Test BO 31.48 +0.61 28.52 34 528K 559K 29.88
Current.
VIP 08/17 BO 95.83 +0.18 94.55 104.55 375K 581K 92.66
Buy Not Issued.
ZBRA 08/19 Dbl btm 82.61 -0.39 83.58 89.88 248K 425K 82.22
Buy Not Hit.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
COG 08/16 Put 38.93 -1 38.95 36.65 318K 300K 39.88
Entered today.
EDMC 08/09 Put 27.35 -0.27 26.15 24.11 400K 750K 26.84
Current.
EL 08/19 Put 43.12 +0.37 42.25 40.15 1.7M 1.7M 42.68
Buy Not Issued.
GRP 08/17 Put 17.56 -0.79 17.08 15.78 1.7M 785K 17.68
Current.
IR 08/10 Put 63.53 +0.05 64.52 62.05 704K 1.4M 62.48
Current.
NOC 08/07 Put 51.35 -0.06 51.68 49.62 1.2M 1.6M 51.65
Exited.
PH 08/19 Put 54.39 -0.21 53.48 51.25 300K 800K 54.85
Buy Not Issued.
SGMS 08/14 Put 16.14 -0.55 16.21 14.62 625K 700K 16.72
Entered today.
XRAY 08/05 Put 48.89 -0.13 48.55 46.26 177K 475K 48.52
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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