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Begin Part 3 of 3

WATCHLISTS:

PRE-ANNOUNCEMENTS WATCHLIST: AROW, BMS, BRL, CTAS, DRI, EXPD, GTK, IFIN, MRBK, PDCO and STU.

RNR ($105.50; -2.75): Forecast to announce a split on 4-22-02 earnings (tentative date). Dipped back, hitting a low of 103,20, but recovering to close on the 18 day MVA. The lower low ruins the ascending wedge pattern, but if it holds it could still turn into a play going toward the forecast.

SUI ($39.95; 0.00): Forecast to announce a split with a board meeting on 4-01-02. After blasting up Wednesday, SUI rested today on lower volume (30,200; average 40,800). Could pull back off of the doji, but we will look for it to hold over 39.50, and look at additional positions on a move over 40, with stock.

AHC ($74.00; +0.51): Forecast to announce a split with earnings on April 24 (tentative date). We have been looking for AHC to rest just a bit to set up the next move. After pushing up some more Thursday on lower volume, we will likely get that rest now. We will see if AHC can hold 71-72 (10 day at 71) and set up.

CTAS ($47.33; -2.42): Researching a split date. CTAS had made a strong move up, but could not punch through its down trendline. Closed back at the 50 day MVA, but it has some work to do.

DRS ($40.70; -2.05): DRS could not continue up. Its move up Wednesday was not on great volume, and it fell back today, tapping the 10 day MVA (40.28) at its low. Looking for DRS to hold 40, making a higher low and continuing what is shaping up as a large ascending wedge.

BER ($55.80; -0.18): Researching a new announcement date. Still erratic, but holding support, tapping the 10 day MVA at its low of 55.26 today. Riding positions, looking at a target of 64 (high 58.40), but it needs to continue to hold support of the short-term MVA's as it moves (18 day at 54.44).

XL ($94.50; -1.17): Working on an announcement date, but are looking at a board meeting the first week in April. Erratic since its strong breakout in mid-February, and today it tested down to 93 (below the recent support of the 18 day, at 94), moving on sharply higher volume (1.27 million; average 874,000). We will see if it can hold the 18 day.

ESI ($43.78; -1.12): Working on a date. Not much of a move out of its pattern recently, as volume was weak, and ESI pulled back today to its 18 day MVA (43.39). Not a lot of volume on the selling, so we are looking for it to hold on.

SLM ($94.15; -0.95): Researching a new date, and looking at a board meeting that our research shows will be in early April. Pulled back on light volume today, testing its recent move. It could not break free on the last move, but we are continuing to ride positions cautiously on a continued hold of the short term MVA's (18 day down at 92.61). Target is 105 but it could need to set up a bit before its next strong move.

PRE SPLITS WATCHLIST:

CUB ($62.14; -1.16): Announced a 3:1 split, subject to shareholder approval, date TBA. A remarkable pre-split move! However, we need to be ready for a pullback here, as Thursday CUB gapped up to 64 and then reversed. Volume was lower but still strong (52,700), so we will watch short-term positions for a retreat. The 10 day MVA is below at 58.75 (at upper channel).

GILD ($71.72; -1.48): Splits 2:1 effective March 8. Splits tomorrow, and could not sustain a move back up, today retreating back to its 10 day MVA.

SMD ($22.95; -0.30): Splits 3:2 effective 3-16-02. Dipped back through the support of the short-term MVA's (23.42), now showing three consecutive dojis between them and the 50 day (21.93). The aggressive can look at a move over 24, with stock. Recent consolidation high is 24.70.

PMI ($73.55; -0.81): Announced a 2:1 stock split, effective date to be determined. Gapped up and reversed, so looks to be ready to test lower. The 18 day MVA is recent support at 71.86.

WLP ($117.50; -0.90): Announced a 2:1 split, effective March 15. Has taken a weak relief bounce after the drop, so we are holding put positions for a possible drop back. The recent low is 115.15, so we will see if it breaks through that and heads down towar dthe 200 day (108).

DHI ($42.10; -0.25): Announced a 3:2 stock split, effective 4-10-02. Gave us a nice move into its announcement, and now looks due for a dip back to the short-term MVA's (10 & 18 day at 40.34 and 39.09).

CONTINUING CANDIDATES WATCHLIST: When splits are not announced, we will keep the best split prospects on the report rather than continue to carry all of them in case there is a an unexpected announcement. We will continue to monitor the stocks that are trimmed and add them again when we ascertain a revised split announcement date. These include APPB, BBBY, DIAN, EDS, GNSS, GOSHA, HB, IGT, JCI, LLL, MI, RYL, STJ, TGH, TGIC, THC and YUM.

AZO ($65.53; +1.35): Continued back up, but for remaining put positions we could get a drop back from here, as AZO is just below its 50 day MVA (66.20, with the short-term), and volume on the move up today was lower (1.15 million). Will see how severe the drop is, at least for a better exit point.

BBY ($72.99; +4.42): Gapped over the 50 day MVA (70.10) on good sales and improved outlook. We will see if it tests the 50 day and sets up for a play.

DHR ($70.85; +0.43): Continues up its trend along the short-term MVA's, bit with the loose doji today on very heavy volume (4.19 million), looking at a pullback before more upward moves here.

FLIR ($55.94; -1.42): Pulled back but volume decreased significantly, holding the 10 day. Continuing to hold positions as it trends up along that support. The 18 day is below at 52.86).

INVN ($43.50; +0.50): INVN is inching up toward its recent high (47.09), but it could need to test back a bit after a couple of moves up on decreasing volume. If it holds the short-term MVA's at 40 it will make another higher low, and will look good for a breakout.

PII ($64.74; +4.73): Great breakout move, today continuing up with a big gap and run on huge volume! Targeting 69.

POST SPLITS WATCHLIST: Watching BLL, CHS, SONC, HTLD and VAR. CHBS bounced back to the resistance of its 18 day MVA. ACS is erratic now and dropped today.

MGAM ($31.12; +1.62): Split 3:2 on February 12. Holding the 18 day MVA (29.28), bouncing up today but volume was much lower at 228,200 (average 117,500). The aggressive can look at a move over 32 (high 33.74) on volume of 400,000, with stock and/or July $30 calls to buy (QMG GF - low open interest).

NJR ($31.25; -0.15): Split 3:2 effective March 4. Wild day today, with NJR hitting a high of 31.73 and a low of 30.41. Much wilder than typical for its chart, and we will see if it can settle down in its pattern.

XRAY ($33.52; -0.29): Split 3:2 effective February 1. Heading back again to the 50 day MVA (30.58), with volume low at 212,200 (average 293,000). We will see if it holds for another bounce that can attach the high at 34.79

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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