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Begin part 3 of 3

THE PLAYS: Still looking for upside in the event the bounce continues with some stronger technicals

Upside:

Play Date: 03/04/2009
APSG (Applied Signal--$20.04; +1.22; optionable): Telecom equipment
http://biz.yahoo.com/p/a/apsg.html
After Hours: $19.44
EARNINGS: 02/24/2009
STATUS: Cup w/handle. Looking at APSG again as it bounced right back form the second half of February dip and finished up its 8 week cup base formed over the 50 day EMA (17.88). It broke higher this week though it has been up and down as the market has been the same. Even with the market weakness the pattern is excellent and APSG is in great position to ride this bounce higher.
Volume: 188.862K Avg Volume: 125.503K
BUY POINT: $20.31 Volume=185K Target=$23.45 Stop=$18.89
POSITION: HIU ED - May $20c (51 delta, wide spread) &/or Stock
http://www.investmenthouse.com/ci/apsg.html

Play Date: 03/04/2009
GLD (Gold ETF--$88.99; -1.05; optionable)
After Hours: $89.35
STATUS: Test 50 day EMA. We were waiting for GLD to make its pullback after gold hit 1000/ounce. Had to get there then had to sell off. With GLD testing the 50 day EMA (88.58), this is a good time for us to start watching it and looking for a break higher on rising trade. Key support level and if we get the move we will be ready to start some positions.
Volume: 19.875M Avg Volume: 17.956M
BUY POINT: $91.44 Volume=25M Target=$97.45 Stop=$88.31
POSITION: GLD DL - Apr. $90c (51 delta)
http://www.investmenthouse.com/ci/gld.html

Play Date: 03/04/2009
RIO (Companhia Vale Do Rio Doce--$13.78; +1.51; optionable): Steel and iron
http://biz.yahoo.com/p/r/rio.html
After Hours: $14.25
EARNINGS: 05/06/2009
STATUS: Double bottom. This is something of an intricate pattern, but there is a sequence of bottoms that often lead to further upside. In November and December RIO put in a pair of bottoms, forming a short double bottom. It rallied off that and then made a higher low in late December. Moved up over the next 6 weeks, though the action was up and down, then came back to test. Over the pat tow weeks RIO has formed another short double bottom, this one on top of the December low. Wednesday RIO gapped on the China news, but with this pattern we like RIO attempting to test its February high up at 17.50.
Volume: 65.076M Avg Volume: 39.754M
BUY POINT: $14.11 Volume=40M Target=$16.95 Stop=$13.12
POSITION: RXO FF - June $13c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/rio.html

Play Date: 03/04/2009
RRC (Range Resources--$37.34; +2.10; optionable): Oil and gas
http://biz.yahoo.com/p/r/rrc.html
After Hours: $37.34
EARNINGS: 02/24/2009
STATUS: Trading range. RRC made a higher low in its 3.5 month trading range this week and is moving higher, clearing the 50 day EMA (35.83) Wednesday on a third day of solid trade. Good money flow working for it. Looking to move into RIO as it continues the move. A higher low typically precedes the breakout from a trading range.
Volume: 3.632M Avg Volume: 3.08M
BUY POINT: $37.82 Volume=3.5M Target=$43.95 Stop=$35.28
POSITION: RRC DU - Apr. $37.50c (48 delta) &/or Stock
http://www.investmenthouse.com/ci/rrc.html

Continuing plays ready to move:

AMZN
BR
MOS
SIGM

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.

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