Weekend Newsletter for January 6, 2005
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Weekend Newsletter for February 6, 2005
Table Of Contents 1) MARKET SUMMARY 2) PRE-SPLIT PLAY 3) TECHNICAL PLAY 4) COVERED CALL PLAY
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http://www.investmenthouse.com/1splitnotification.htm”>Stock Split Notices http://www.investmenthouse.com/1questions.htm”>Investing Q & As http://www.investmenthouse.com/1glossary.htm”>Glossary
1) MARKET SUMMARY
Stocks take best case scenario from so-so news, rally to the close.
– Stocks ignore disappointing jobs report, latch onto Greenspan comments and rally for second consecutive up week.
– Non-farm jobs limp along as unemployment rate falls, earnings rise.
– Greenspan backs off trade gap/interest rate threat, stocks love it.
– Bonds rally as Greenspan softens stance, but they were rallying (and yields were falling) before Greenspan spoke.
– NASDAQ breaks through the 50 day EMA but it is SP600, SP500 and that stronger NYSE volume that does the heavy lifting as market shakes off January selling
– Now we see how much staying power investors have.
http://www.investmenthouse.com/1weekendmarketsummary.htm”>Read Full Weekend Summaryhttp://www.investmenthouse.com/1daily1.htm”>Learn more about our Daily Newsletter with Stock Picks! – Issued 5 Times Per Week
2) Stock Splits Playing stock splits can be very profitable, but it takes know-how. Our stock split service focuses on three main types of plays: 1) pre-announcement (where we forecast an upcoming split prior to the company making the announcement); 2) pre-split (these plays are made in the days leading up to the actual split day); and 3) post-split plays (plays made after the actual stock split where the stock is showing continued or renewed strength). We play pre-split plays as short-term plays. We get in when the technical indicators show us things look right, grab as much as we can, and get out, always being conscious of resistance and support. These stocks are highly volatile at this time, and can turn on you quickly. Don’t let good profits disappear. Watch for turns, especially when a stock trades in a wide range and finishes off its high. That is a sign these stocks often give you that they are running out of steam. We usually get out and ask questions later. We can always get back in. We like to play in the money calls, preferably two strike prices in the money as this usually gives us a greater delta (the percent an option will mover versus the stock’s movement). We prefer deltas of 75 or better. This means if the stock moves 1 point, the option should move three-fourths of that point. That means up or down. Remember, wait to see the stock start to move up. Don’t just blindly make a play and don’t try to guess tops and bottoms. We can look at indicators to give us a clue as to what will happen, but we need the stock to confirm it for us. Here’s a pre-split play to watch and our current analysis.http://www.investmenthouse.com/1stocksplits1.htm” target=”_top”>http://www.investmenthouse.com/images2/cnbc.gif” width=”39″ height=”31″ border=”0″ alt=”CNBC Interview”>
Listen to Stock Split Report Editor Jon Johnson’s stock split interview on CNBC-TV![ http://www.investmenthouse2.com/cntdir.asp?name=JonJohnson-B” target=”_new”>Broadband | http://www.investmenthouse2.com/cntdir.asp?name=JonJohnson-D” target=”_new”>Dial-up ]
Chart by http://www.stockcharts.com”>StockCharts.com
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http://investmenthouse.com/quote/stkquote.php3?smbl=
AMMD”>
AMMD (American Medical Systems–$40.74; 0; optionable): Medical appliances. Splits 2:1 on 3-22-05
http://finance.yahoo.com/q/pr?s=ammd”>Company Profile
After Hours: $40.66
STATUS: Test 50 day EMA. No change from Thursday. To recap: AMMD is engaged in a long uptrend that has made a series of bounces up off the 50 day EMA since breaking out in January 2004. It surged well in December and then started the current correction, a 6 week pullback to test the 50 day (39.16), basically forming a small cup in the process. Volume jumped back above average Wednesday as AMMD jumped off the 50 day. The stock was flat to finish the week. Strong money flow and a good move off of important support at the 50 day. Looking for the volume to return as it moves back up and through the buy point to enter on this run.
Volume: 178.372K Avg Volume: 292.409K
BUY POINT: $41.44 Volume=325K Target=$46.55 Stop=$39.37
POSITION: FGU EH – May $40c (61 delta) &/or Stock.
http://www.investmenthouse.com/1stocksplits1.htm”>Learn more about our Stock Split Report – Issued 5 Times Per Week
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Chart by http://www.stockcharts.com”>StockCharts.com
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3) Technical Playhttp://investmenthouse.com/quote/stkquote.php3?smbl=
GET”>
GET (Gaylord Entertainment–$40.59; +1.94; optionable): Large group meetings hotels.
http://finance.yahoo.com/q/pr?s=get”>Company Profile
STATUS: 50 day EMA test. Volume shot higher Friday as GET shot off the 50 day EMA (38.80); a couple of good shots. GET broke out of an 8 month base in late October and rallied sharply up the 18 day EMA (39.67) as a strong breakout will do. After five bounces off the 18 day EMA it needed a test of the move. It came back to the 50 day EMA, the support that is the secondary support in a continuing breakout move. Strong stocks will hold that level and start the next breakout run up the 18 day. Good accumulation even during this pullback (3 to 1) shows buyers still moving in. Strong money flow is shooting higher ahead of price. Looks ready to resume the move.
Volume: 329.1K Avg Volume: 198.681K
BUY POINT: $40.89 Volume=300K Target=$47 Stop=$39.47
vPOSITION: GET GH – July $40c (63 delta) &/or Stock.
http://www.investmenthouse.com/1tech1.htm”>Learn more about our Technical Traders Report – Issued 5 Times Per Week Chart by http://www.stockcharts.com”>StockCharts.com
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4) Covered Call Playhttp://investmenthouse.com/quote/stkquote.php3?smbl=
SCHN”>
SCHN – Schnitzer Steel Industry, Inc. is currently trading at $35.17. The March $35 Calls (SQQCG) are trading at $1.85. That provides a return of about 5% if SCHN is above $35 on expiration Friday in March.
http://finance.yahoo.com/q/pr?s=schn”>Company Profile
http://www.investmenthouse.com/1coveredcalls1.htm”>Learn more about our Covered Call Tables – 8 Tables Updated 5 Times Per Week
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The foregoing is commentary for informational purposes only. All statements and expressions are the opinions of Online Investment Services, LP., or Split Ventures, Ltd. This information is 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 the related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolios of writers for this issue may, in some instances, include securities mentioned herein and on the related 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. No one asscociated herewith receives compensation in any manner from any of the companies that are discussed in this newsletter or on the related websites.
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