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us stock market, trading system
Begin part 2 of 2
THE PLAYS
Good movers Wednesday: RCI
EBAY: Announced its 2:1 split after the close but that was not the focus. It missed its earnings for the first time in a long time and lowered the range for Q1 earnings. The stock was torched after hours, down another 14 points. We have already sold all of our nearer term positions on the break below the 50 day EMA. After hours it was trading below the 200 day SMA (92.01). It will need to recover that level Thursday on the close for us to hold those positions.
The EBAY news has caused broad selling in the techs and internets. GOOG was down another 4 dollars after hours, rebounding from its post-close lows. Still well above its 50 day EMA (182.24).
NEW PLAYS:
New Post-Split Plays:
Play Date: 01/19/2005
GPRO (Gen Probe--$47.10; +1.26; optionable): Devices for screening blood and for diseases
http://biz.yahoo.com/p/g/gpro.html
STATUS: Double bottom w/handle. Nice break higher Wednesday as GPRO starts the breakout from a nicely formed 7 month base sporting solid 6 to 4 accumulation. Volume was up to average; it needs to be better as it continues the move. Money flow is strong and relative strength is ready for a breakout as well. A big winner for us in its past runs before it fell into this base, GPRO has finally based out and is ready for the next breakout and run.
Volume: 669.11K Avg Volume: 580.318K
BUY POINT: $47.35 Volume=700K Target=$54 Stop=$45.38
POSITION: PSU EI - May $45c (64 delta) &/or Stock
http://www.investmenthouse.com/cs/gpro.html
New Leader Plays:
Play Date: 01/19/2005
KOOL (Thermogenesis--$6.29; +0.38; no options): Scientific & technical instruments
http://biz.yahoo.com/p/k/kool.html
After Hours: $6.22
STATUS: Double bottom w/handle. Volume jumped Wednesday as KOOL moved off a test of the 50 day EMA (5.92) an important support level and one that acted as the bottom of the handle to its 12 month base. Excellent 15 to 3 accumulation in the pattern shows plenty of buyers accumulating the stock over that time. Great volume and a good move Wednesday as KOOL moves higher to follow the money flow that is strong and moving higher. Relative strength is ready for the breakout as well, a good corroboration of the breakout if they both breakout together.
Volume: 721.4K Avg Volume: 247.636K
BUY POINT: $6.54 Volume=350K Target=$7.89 Stop=$6.15
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cs/kool.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: 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
ACV 01/06 Rv H&S 50.81 -0.29 51.25 55.65 193K 325K 49.69
Buy Not Issued.
AEOS 01/13 Test BO 48.56 -0.44 49.15 56 1.6M 1.8M 47.35
Buy Not Issued.
ALNY 01/13 Test BO 7.69 -0.68 9.05 10.95 517K 200K 8.57
Buy Not Issued.
AMMD 01/18 Test 50 39.51 -0.63 40.54 45.55 178K 450K 39.35
Buy Not Issued.
BCR 01/03 Test BO 66.55 +0.05 65.67 74.75 818K 725K 63.68
Current.
BEBE 12/22 Flat 27.2 -0.09 27.95 33.33 358K 600K 25.89
Current.
BEBE 10/05 Cup hdl 27.2 -0.09 15.7 33.33 358K 375K 25.89
Current.
BIIB 01/18 FlyPlat 66.93 -0.87 68.35 78 2.8M 5.7M 66.32
Buy Not Hit.
CENT 12/15 Cup hdl 39.74 +0.03 41.12 50.15 260K 160K 38.35
Current.
CPO 01/15 DB hdl 55.1 -0.63 55.49 60 193K 300K 53.67
Current.
CPS 01/08 Test BO 45.73 -0.17 45.88 52 277K 400K 44.78
Buy Not Issued.
CREAF 12/09 Test BO 16.36 -0.52 14.81 18.85 1.8M 1M 16.25
Current.
CYCL 01/08 Test BO 9.29 -0.2 8.27 9.95 255K 250K 8.98
Current.
DVA 01/13 Test BO 41.93 -0.06 42.08 49 418K 1M 40.62
Buy Not Hit.
ESRX 01/04 DB hdl 76.48 -1.06 77.95 87.55 442K 1.6M 76.24
Current.
EXBD 01/11 Test 50 65.68 -2.83 68.05 74 255K 373K 66.28
Buy Not Issued.
EXPD 01/15 Asc Bse 55 -1.4 56.05 74.45 567K 1.5M 55.21
Buy Not Issued.
FDS 01/18 Test 50 54.72 -1.2 56.15 60 190K 300K 54.72
Buy Not Issued.
FINL 01/05 Cup hdl 19.68 -0.31 20.03 23.98 398K 1M 19.11
Current.
FLIR 01/18 Test 50 59.18 -1.12 60.72 66.95 164K 425K 59.74
Buy Not Hit.
GOOG 01/15 Cup hdl 197.3 -6.6 203.35 219 11M 13K 195.88
Current.
HDI 01/18 DB hdl 59.71 -0.2 61.35 67.55 2.1M 2.1M 60.22
Buy Not Hit.
HLEX 12/21 Cup hdl 16.49 -0.4 17.68 21 174K 438K 16.44
Current.
HYSL 01/04 DB hdl 46.87 -0.07 47.03 55 711K 850K 45.82
Current.
JAH 01/08 Test BO 46.89 +0.57 44.88 51 352K 400K 45.05
Current.
MGG 11/13 Test 18 76.05 -0.25 60.48 67.75 758K 1.4M 73.22
Current.
MIK 01/11 DB hdl 30.8 -0.12 31.05 37 430K 1.3M 30.05
Buy Not Issued.
MKC 12/18 BO 38.67 -0.19 38.75 46.48 217K 400K 37.52
Buy Not Issued.
NCR 01/10 PreSplt 69.35 +0.04 68.44 74.75 933K 1M 66.88
Current.
NKE 01/03 Test BO 88.55 -0.15 89.38 100 1.1M 1.2M 88.89
Buy Not Hit. Took a partial as it started higher on decent volume.
Gave the move back but held the 18 day MA and weathered
the late selling quite well.
NMSS 01/15 DB hdl 6.07 -0.24 7.02 8.65 520K 957K 6.55
Buy Not Hit.
OMC 01/06 Cup hdl 85.92 -1.15 85.95 98 897K 1.4M 84.45
Current.
ORLY 01/11 DB hdl 46.3 -0.33 45.92 53 267K 501K 44.39
Buy Not Issued.
PLCE 12/21 Cup hdl 38.35 -0.21 34.41 40.32 534K 975K 36.18
Current.
PNK 01/18 Test 50 17.71 -0.14 18.72 21.55 413K 325K 17.88
Buy Not Hit.
PRFT 01/12 Test 18 7.73 -0.19 7.61 9.32 305K 615K 7.45
Current.
PSUN 01/12 Rv H&S 24.64 -0.25 25.32 29.48 2.6M 2.8M 23.55
Current.
QCOM 12/11 Cup hdl 41.07 -1.55 44.39 53 23M 20M 42.85
Current.
RCI 11/09 Cup 37.76 +0.61 33.11 39 344K 370K 36.48
Current.
SPLS 11/13 Asc Bse 32.69 -0.56 31 36 2.3M 4M 31.85
Current.
SSI 01/08 Asc Tri 59.36 -0.28 59.39 66.88 249K 500K 57.44
Current.
SSYS 01/06 Cup hdl 35.5 -0.85 36.25 42.45 65K 273K 34.15
Buy Not Issued.
STK 12/27 Test BO 32 -1.13 31.68 37 536K 900K 31.89
Current.
STK 11/30 DB hdl 32 -1.13 29.92 35.54 536K 1.4M 31.89
Current.
TBL 01/13 Rv H&S 65.1 +0.35 65.88 76.58 455K 500K 64.28
Current.
USPH 01/08 Cup hdl 15.15 -0.35 15.92 19 20K 53K 15.25
Buy Not Hit.
UTX 11/29 Cup hdl 101.05 -1.15 98.92 110 1.4M 3.2M 99.65
Current.
WAT 01/11 DB hdl 47.45 -0.73 48.32 58.42 756K 910K 46.88
Current.
WFMI 12/09 Cup hdl 96.39 -1.11 95.35 111 763K 1.6M 94.12
Current.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
SHFL 01/15 H&S 28.97 -0.81 29.04 27.36 352K 650K 29.79
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
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