stock split, stock recommendation

Begin part 3 of 3

THE PLAYS

Good movers: GMT; MDRX; OPTN; ALVR

Wednesday night play results:
EW: Holding steady on lower volume. Still solid.
ILA: Tried to make the move but gave back most of the move
MTEX: Dove like a stone.
TERN: Tried to make the move but volume was low and it faded back to flat.

New Plays:

Upside:

Play Date: 03/10/2005
IEX (Idex--$40.62; -0.20 optionable): Engineered industrial products. Forecast to announce a split on or about 4-21-05.
http://biz.yahoo.com/p/i/iex.html
STATUS: Breakout test. IEX surged out of a 9 week double bottom in early March, rallying up to 42 on the breakout move. Good volume as it made the move and now nice below average volume as it makes the test of that break higher. That shows fewer sellers than buyers on the way back down. It tapped the 18 day EMA (40.20) on the low and rebounded. Solid money flow is holding up well as it makes the pullback. Excellent 5 to 1 accumulation (5 up price weeks on rising volume to 1 down price week on rising volume) shows a lot of buyers during the base. Looking for volume to jump back up as it makes the rebound. Solid leader.
Volume: 175.3K Avg Volume: 231.863K
BUY POINT: $41.11 Volume=348K Target=$46 Stop=$50.05
POSITION: IEX GH - July $40c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/iex.html

Play Date: 03/10/2005
NSM (National Semiconductor--$21.12; +1.13; optionable): Analog semiconductors
http://biz.yahoo.com/p/n/nsm.html
After Hours: $21.64
STATUS: Cup w/handle. NSM reported better than expected earnings during the market and posted a nice breakout move from its 12 month base. Volume shot higher as it made the move as buyers jumped in. Solid 10 to 7 accumulation in the base shows net buyers. Looking to move in on a continued move higher.
Volume: 12.659M Avg Volume: 4.685M
BUY POINT: $21.28 Volume=7M Target=$24.45 Stop=$20.05
POSITION: NSM HD - Aug. $20c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/nsm.html

Play Date: 03/10/2005
RBK (Reebok--$45.27; +0.57; optionable): Athletic apparel
http://biz.yahoo.com/p/r/rbk.html
STATUS: Ascending base. RBK has been moving laterally the past two weeks in a very narrow range. This looks to be a good finishing touch to its 10 week base that has formed making higher lows off the 50 day EMA (43.50). Strong 4 to 2 accumulation in the pattern is setting up the breakout move. Money flow is strong, and relative strength is ready to make a break higher. Low volume during the lateral move shows few sellers. Looks ready for the break higher; just need to see the volume.
Volume: 547.2K Avg Volume: 788.272K
BUY POINT: $45.72 Volume=1M Target=$52 Stop=$44.55
POSITION: RBK GI - July $45c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/rbk.html

Play Date: 03/10/2005
STK (Storage Technology--$32.77; -0.17; optionable): PC data storage devices
http://biz.yahoo.com/p/s/stk.html
STATUS: Breakout test. Nice low volume test of the breakout from its 8 week cup base. Solid 2 to 0 accumulation in the base shows net buyers during the pattern. Money flow is strong, leading the stock higher. The recent base formed over the 50 day EMA (31.69), a very important support level. Relative strength is strong and looks ready to make the break higher. Nice test and we are ready to move in on a rebound on strong trade.
Volume: 533.8K Avg Volume: 921.454K
BUY POINT: $33.05 Volume=1.2M Target=$37.35 Stop=$32.32
POSITION: STK FF - June $30c (81 delta) &/or Stock
http://www.investmenthouse.com/ci/stk.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.

stock split
stock recommendation