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Begin part 2 of 2

THE PLAYS

Good movers: ADCT; CWTR; DIOD; DSTI; KERX; FDX

New Post-Split Plays:

Play Date: 07/18/2005
LH (Laboratory Corp.--$50.82; +0.72; optionable): Medical labs.
http://biz.yahoo.com/p/l/lh.html
STATUS: Ascending triangle. LH last split in May of 2002 - - okay, something of a stretch. We really like the pattern, however, and with a breakout it can come into split range not too far out. This pattern is a base on base, i.e. a reverse head and shoulders from January through the breakout in early May, then immediately falling into the current 9 week base that has formed making higher lows up the 50 day EMA (49.58). Solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume) in the triangle shows net buyers. Solid volume Monday as LH broke higher and toward a breakout. Looking for continued volume as it continues higher.
Volume: 903.6K Avg Volume: 553.342K
BUY POINT: $51.05 Volume=830K Target=$57.55 Stop=$49.87
POSITION: LH KJ - Nov. $50c (63 delta) &/or Stock
http://www.investmenthouse.com/cs/lh.html

Continuing Leader Plays:

Play Date: 07/16/2005
IDBE (ID Biomedical--$19.06; +0.16; optionable): Biotechnology
Earnings: Mid-August.
http://biz.yahoo.com/p/i/idbe.html
STATUS: Breakout test. Took another low volume breather, holding onto the break higher from 5 sessions back. Very good action, stingy with its gains. Ready to go when the market bottoms on this pullback. To recap: Tuesday saw IDBE blast out from a 30 week flat base that formed along the 50 day EMA (16.98), a key support level where institutions step in to accumulate shares in their favorite stocks. Accumulation has been a solid 10 to 7, showing there is in fact ongoing buying. This is a base on base pattern, having formed right on the heels of a 15 month cup base. That looks to have weeded out the sellers as IDBE took off last week on the heels of strong money flow. A quick lower volume test back on Thursday and Friday (though Friday posted a gain) is setting up the next move higher. Looking for volume to come back in as IDBE continues its breakout run. A market leader heading to a new all-time high where it will have room to stretch its legs.
Volume: 184.433K Avg Volume: 254.002K
BUY POINT: $19.28 Volume=350K Target=$22.45 Stop=$17.93
POSITION: QQ LW - Dec. $17.50c (68 delta) &/or Stock
http://www.investmenthouse.com/cs/idbe.html

PRE-ANNOUNCEMENT PLAYS

Continuing Plays:

Play Date: 07/16/2005
CELL (Brightpoint--$23.45; -0.24; optionable): Wholesale electronics. Forecast to announce a split 7-26-05 or on 8-8-05.
BACKGROUND: Last announced a 3:2 split on 9-15-03 at $27.50. Before that it announced a 3:2 split on 7-29-05 at $25.20.
http://biz.yahoo.com/p/c/cell.html
STATUS: Breakout test. Still in the low volume test, holding near the 10 day EMA (23.48) on the Monday close. Nice orderly test setting up for the break higher to continue the breakout move once more. To recap: CELL broke out from a 10 week cup with handle in late June, posting a strong gain on strong volume to end the month. It continued up close to 25 and then spent last week easing back to test the move, coming back to the 10 day EMA on low, below average volume. Solid 4 to 2 accumulation in the pattern shows net buyers as it consolidated. Nice pullback from a solid leader that is setting up the next run higher and giving us an entry point. Want to see the volume jump as it resumes the move higher.
Volume: 164.776K Avg Volume: 305.275K
BUY POINT: $24.12 Volume=458K Target=$28.44 Stop=$23.38
POSITION: ULN JX - Oct. $22.50c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/cell.html

Play Date: 07/09/2005
CTSH (Cognizant Technology--$48.69; +0.58; optionable): Business software. Forecast 7-28-05 before the open.
BACKGROUND: Last announced a 2:1 split on 4-12-04 at $47.
http://biz.yahoo.com/p/c/ctsh.html
After Hours: $48.66
STATUS: Reverse head and shoulders. Looks to be coming to life here with some better volume Monday (though still below average) as CTSH continued the move off of the 50 day EMA (46.80) for the second straight session. Just needs to show some more trade as it clears the recent closing high in July (48.68). To recap: Still working laterally above the 50 day EMA as CTSH sets up for the breakout from its 18 week pattern. Solid 5 to 3 accumulation in the base shows net buying. Just need to see that volume jump (big surge Tuesday as CTSH was up and down) as CTSH makes a move through the buy point.
Volume: 1.149M Avg Volume: 1.588M
BUY POINT: New: $46.82 (orig. $48.65) Volume=2.4M Target=$54.85 Stop=$47.31
POSITION: UPU JI - Oct. $45c (67 delta) &/or Stock
http://www.investmenthouse.com/cs/ctsh.html

CONTINUING PLAYS

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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
ABV 06/09 Cup hdl 31.18 -0.05 27.27 31.35 142K 625K 30.55
Current.

ADCT 07/12 FlyPlat 23.69 +0.68 23.45 27.62 1.8M 1.5M 22.55
Current.

AGN 07/14 PreAnn 86.99 +0.45 86.72 97 849K 1.7M 84.72
Buy Not Issued.

ANDS 07/15 Test BO 10.9 -0.07 10.85 13.11 387K 1M 10.37
Current.

ANSS 07/02 Cup hdl 35.81 -1.09 37.22 42.88 126K 316K 35.32
Current.

APA 07/02 PreAnn 65.91 -0.91 68.33 76.84 2M 3.9M 66.62
Exited.

BBY 06/28 PreSplt 75.73 -0.16 69.42 76.75 2.4M 3.8M 74.98

BEBE 04/28 Test 50 28.65 +0.22 23.48 28.5 709K 1M 28.31
Current.

BR 07/11 Test BO 58.36 -0.54 59.94 68.25 1.8M 3.3M 58.31
Current.

CAKE 07/14 Cup hdl 36.06 -0.04 36.01 40.58 666K 750K 35.12
Current.

CDIS 07/05 PreAnn 53.87 -0.52 56.11 63.78 513K 750K 54.05
Current.

CELL 07/16 PreAnn 23.45 -0.24 24.12 28.44 165K 458K 23.38
Buy Not Hit.

COH 05/28 Test BO 35.24 -0.03 29.85 34.55 841K 3.2M 34.42
Current.

CPRT 07/14 Asc Tri 24.63 -0.2 26.24 30 305K 573K 25.35
Buy Not Hit.

CTSH 07/09 PreAnn 48.69 +0.58 48.65 54.85 1.1M 2.4M 47.31
Buy Not Issued.

CWTR 07/09 Test BO 24.77 +1.07 24.42 28.55 668K 647K 23.35
Entered today.

CYBX 07/16 Cup hdl 43.64 -1.34 46.05 52.95 5.3M 1.2M 44.65
Buy Not Issued. Stock has not performed so will drop.

DIOD 07/11 Asc Tri 34.2 +0.84 34.82 40.21 202K 325K 33.32
Current.

DNA 06/08 Test 18 88.06 -1.52 81.28 90 6.5M 7.6M 84.15
Current.

DNA 04/28 Test BO 88.06 -1.52 70.42 81 6.5M 8.2M 84.15
Current.

DO 06/29 Test BO 52.98 +0.88 54.22 64 2.8M 2.2M 52.55
Current.

DO 06/10 Cup hdl 52.98 +0.88 51.38 60 2.8M 3M 52.55
Current.

DSTI 07/16 Test BO 17.3 +2.42 16.25 19.68 3.2M 1.4M 15.57
Entered today.

EAT 07/02 PreAnn 40.62 +0.09 40.72 46.78 369K 1.2M 39.65
Buy Not Issued.

FLO 06/14 PreSplt 24.64 -0.05 23.28 25.63 173K 313K 24.33
Current.

FLO 06/01 Test BO 24.64 -0.05 22.21 24.84 173K 269K 24.33
Current.

FNF 07/07 PreAnn 37.63 -0.55 38.15 43.75 779K 1.2M 36.32
Buy Not Issued.

GOOG 06/30 PreAnn 299.54 -1.65 291.25 314 6.2M 20M 291.25
Buy Not Issued.

HCC 07/07 DB hdl 26.42 +0.02 26.71 29.98 322K 475K 26.03
Buy Not Issued. Split its stock today 3 for 2.

IDBE 07/16 Test BO 19.06 +0.16 19.28 22.45 184K 350K 17.93
Buy Not Hit.

IMDC 06/30 Cup 66.69 -0.07 67.38 75.75 589K 900K 65.88
Current.

IMGC 07/05 Cup hdl 30.21 -0.05 31.13 36.42 90K 226K 30.15
Current.

JOSB 06/29 Test 18 43.68 +0.07 44.12 51.24 131K 500K 42.97
Buy Not Issued.

KERX 07/15 BO 16.27 +0.46 15.78 18.98 1.3M 650K 15.57
Current.

KWK 06/23 PreSplt 42.77 -0.33 40.99 45.35 809K 886K 42.95
Trailing Stop.

MRVL 07/06 Test BO 41.85 -0.09 41.45 46.72 1.8M 3.8M 41.11
Current.

MSCC 07/05 Test 50 21.97 -0.42 20.14 23.11 591K 1.4M 21.04
Current.

ODP 06/28 Cup hdl 24.63 -0.05 24.15 28.32 3.3M 2.5M 23.62
Current.

OSK 07/07 PreAnn 82.58 -0.07 82.22 93 101K 351K 79.89
Buy Not Issued.

PARL 06/17 Test BO 30.44 -1.01 31.55 37.22 342K 631K 30.05
Buy Not Issued.

PDC 06/17 Rv H&S 14.28 -0.59 14.75 17.68 450K 750K 14.27
Current.

PFCB 07/13 Cup hdl 64.09 -0.82 64.25 72 239K 450K 63.92
Current.

RMD 07/05 PreAnn 65.07 -0.93 68.27 76.35 112K 325K 65.88
Current.

SM 06/27 Test BO 29 -1.5 29.97 34.25 753K 450K 30.17
Exited.

SSYS 07/14 Cup hdl 35.05 -0.17 35.78 41.65 80K 151K 33.92
Buy Not Hit.

SU 07/16 PreAnn 47.82 -0.94 49.92 56.32 2.1M 1.8M 48.72
Buy Not Hit.

SUN 07/16 PreSplt 117.98 -1.04 119.68 125.96 845K 1.5M 117.27
Buy Not Hit.

TOL 07/07 PreSplt 56.3 +0.33 51.98 56.46 5.4M 3M 55.57
Target Hit.

TRMB 07/09 PreAnn 40.66 -0.26 40.32 45.45 114K 500K 38.88
Buy Not Issued.

TSCO 06/21 PreSplt 48.67 -0.49 49.32 55.48 238K 556K 48.69
Current.

TSCO 06/04 PreAnn 48.67 -0.49 45.88 52.72 238K 500K 48.69
Current.

UNH 05/10 DB hdl 50.81 -0.01 50.35 56.78 4.9M 3.5M 50.55
Current.

UNH 04/30 Dbl btm 50.81 -0.01 48.11 52.51 4.9M 3.5M 50.55
Current.

VLO 06/27 Cup hdl 80.42 -1.66 81.48 92.28 5M 12M 80.48
Current. Survived a downgrad, coming back from lows on the close.
Still below the 18 day MA (81.34) & needs to break
back thru after it holds here @ support at 80.

WFMI 07/05 PreAnn 122.9 +0.69 122.85 131.38 833K 1.3M 121.12
Current.

WFMI 06/14 Test BO 122.9 +0.69 118.65 129 833K 1.2M 120.04
Current.

XTO 07/01 Cup hdl 35.07 -0.68 36.47 42.32 3M 4.7M 34.97
Current.

Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
FDX 06/30 Put 82.11 -0.93 82.97 79.57 1.2M 2.7M 83.75

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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