Weekend Newsletter for September 12, 2004
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Weekend Newsletter for September 12, 2004
Table Of Contents 1) MARKET SUMMARY 2) POST-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
Semiconductor rebound continues, gets contagious in the afternoon as oil tanks.
– Indexes gain strength to end week as laggard chips, techs join the rally.
– Producer prices fall, trade deficit shrinks as oil prices back down.
– Volume returns as indexes move toward target levels for this run.
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). For post-splits, we can play them as we would pre-splits (very short term), but we prefer to stretch our horizons, playing the trend. When playing options, we look further out, 2 or more months at least. We let the trend carry us along if there is one, but we will also take profits if the technical pattern degenerates, e.g., breaks a trendline. The main difference between post-splits and pre-splits plays is that we really have to like the pattern. Pre-splits can run right before their splits even with poor technical indicators. For post-splits, we are looking at the stocks from more of a longer term “would I buy this stock at this juncture?” position. Now there are times when a hot stock splits and investors pile in to get in while the stock is ‘cheaper.’ We play those, but with more of a short-term, pre-splits mentality in that we will be ready to get out fast if the momentum fades. Remember, everything we do has to pass muster with the market that day … don’t fight the market on these plays. Here’s a post-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=
BCR”>
BCR (C.R. Bard–$56.76; -0.11; optionable): Medical instruments.
http://biz.yahoo.com/p/b/bcr.html”>Company Profile
STATUS: Cup w/handle. Taking another look at BCR as it is now setting up a better entry point as it eases back to test the 18 day EMA (55.62) and form a handle to its 14 week base. Friday it tapped toward the 18 day on the low and rebounded for a marginal loss. Outstanding 4 to 0 accumulation in the base is setting up the breakout just as is the handle. Excellent money flow to go along with the solid accumulation. Looks ready to make the breakout move.
Volume: 360.5K Avg Volume: 646.44K
BUY POINT: $57.72 Volume=950K Target=$64 Stop=$56.12
POSITION: BCR AY – Jan. $57.50c (50 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=
ATRM”>
ATRM (Aetrium–$5.73; +0.69; optionable): Scientific & technical instruments.
http://biz.yahoo.com/p/a/atrm.html”>Company Profile
STATUS: Double bottom. Reaching to call this a DB, but showing excellent action coming off the bottom of a 14 week base. ATRM undercut the 200 day SMA (5.43) in August, failed to take it out in late August, and faded back. That formed the ‘hump’ in the pattern. Friday the stock surged through the 200 day and 50 day EMA (5.58) on a strong volume surge. Strong money flow is leading higher and accumulation is already at 3 to 2 (3 up price weeks on rising volume to 2 down price weeks on rising volume); it will only get better as it moves higher. We are not going to wait, however. If it continues to rally here we will start positions and then add to them on a successful test.
Volume: 226.705K Avg Volume: 167.887K
BUY POINT: $5.87 Volume=300K Target=$8 Stop=$5.42
POSITION: QGM LA – Dec. $5c (73 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=
OPTN”>
OPTN – Option Care, Inc. is currently trading at $15.24 The October $15 Calls (UOCJC) are trading at $1.10. That provides a return of about 6% if OPTN is above $15 on expiration Friday in October.
http://biz.yahoo.com/p/o/optn.html”>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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