us stock market, stock split

Begin part 3 of 3

THE PLAYS

Thursday good movers: AGYS; FFIV; WYNN; AAI; BLL; BWA; OEX

Wednesday night play results:
STJ: Came back to test the 200 day SMA on lower volume, setting up the next bounce.
BWA: Nice drop on volume.
EYE: Started lower again but no volume.
OEX: Broke through the 50 day SMA.
SFD: Falling on continued strong volume.

New Plays:

Upside:

Play Date: 09/23/2004
AHC (Amerada Hess--$85.84; -0.67; optionable): Oil and gas refining
http://biz.yahoo.com/p/a/ahc.html
STATUS: Breakout test. AHC jumped out of an 8 week base Friday and extended the move through Tuesday. It has come back the past two sessions to test the move. It may come back to test 85 or to the 10 day EMA (84.46) before it is ready to rebound, but this was a strong volume breakout and we want to be ready. This is one we anticipate announcing a split in the near future.
Volume: 1.736M Avg Volume: 999.992K
BUY POINT: $86.38 Volume=1.5M Target=$100 Stop=$85.35
POSITION: AHC AQ - Jan. $85c (60 delta)
http://www.investmenthouse.com/ci/ahc.html

Play Date: 09/23/2004
HDTV (Spatialight--$6.15; +0.47; no options): High resolution micro-displays
http://biz.yahoo.com/p/h/hdtv.html
After Hours: $6.19
STATUS: Reverse head and shoulders. HDTV is making a high volume breakout from its 10 month base sporting excellent 12 to 6 accumulation. That sets up the breakout and run, showing buyers moving in and buying the stock during the base. Relative strength broke out with the move, a good breakout corroboration.
Volume: 1.307M Avg Volume: 313.176K
BUY POINT: $6.23 Volume=325K Target=$7.55 Stop=$5.98
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/hdtv.html

Play Date: 09/23/2004
TASR (Taser--$38.78; +0.09; optionable): Stun guns
http://biz.yahoo.com/p/t/tasr.html
After Hours: $38.65
STATUS: Double bottom w/handle. After a huge surge a week back on news of a personal stun gun for us mere civilians, TASR has eased back to form a handle to its 5.5 month base. Nice low volume pullback to the 10 day EMA (37.59) is setting up a nice handle, shaking out those that bought in earlier. Solid 7 to 2 accumulation. Looking for that volume to return as it moves through the buy point.
Volume: 6.164M Avg Volume: 10.754M
BUY POINT: $40.12 Volume=12M Target=$47.49 Stop=$39.05
POSITION: QUR LH - Dec. $40c (54 delta) &.or Stock
http://www.investmenthouse.com/ci/tasr.html

Downside:

Play Date: 09/23/2004
AMR (AMR Corp.--$8.06; -0.68; optionable): Major airline
http://biz.yahoo.com/p/a/amr.html
After Hours: $8.06
STATUS: Put. AMR is in a continuing downtrend since peaking in January, bouncing down from the 50 day EMA (9.20), using that level as resistance. Volume spiked sharply as AMR sold through the 50 day SMA (8.69). Looks ready to dive toward the August low near 7 for a 44%ish gain.
Volume: 6.808M Avg Volume: 4.663M
BUY POINT: $7.98 Volume=4M Target=$6.95 Stop=$8.12
POSITION: AMR WK - Nov. $8p (-44 delta)
http://www.investmenthouse.com/ci/amr.html

Play Date: 09/23/2004
PPG (PPG Industries--$58.67; -0.34; optionable): Conglomerate
http://biz.yahoo.com/p/p/ppg.html
STATUS: Put. PPG rallied with the market in August, clearing the 200 day SMA (59.81) in early September. Not much volume on the move and it rolled over. Volume jumped last week as it tried to break back over that key level but failed. It started lower on above average volume, and it looks ready for the next drop. Looking for a 42%ish gain to the target.
Volume: 530K Avg Volume: 494.038K
BUY POINT: $58.55 Volume=545K Target=$56.45 Stop=$59.24
POSITION: PPG WL - Nov. $60p (-60 delta)
http://www.investmenthouse.com/ci/ppg.html

Good Investing!
Jon L. Johnson and your IH Alerts Team

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 in 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.

us stock market
stock split