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Begin part 3 of 3

THE PLAYS:

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NEW FEATURE: Each play contains an additional link to a VIDEO that discusses the play in terms of the CHART PATTERN it is currently showing. Patterns, buy points, and targets are discussed along with other points that make the play a good one as well as what areas to watch for. We hope you enjoy this new addition.
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Upside:

Play Date: 12/01/2009
AMX (America Movil--$49.69; +1.31; optionable): Latin American wireless telecom
http://biz.yahoo.com/p/a/amx.html
After Hours: $49.91
EARNINGS: 10/26/2009
STATUS: Triangle. Nice 3.5 month triangle has formed and on Tuesday AMX started the breakout move, gapping through the top of the pattern on strong, above average volume. Looking for AMX to run up into the range of resistance from 55 to 60 as the momentum generated from this good pattern should be solid.
VIDEO: http://investmenthouse1.com/ihmedia/AMX.wmv
Volume: 5.663M Avg Volume: 3.988M
BUY POINT: $49.91 Volume=4.4M Target=$57.45 Stop=$46.81
POSITION: AJQ BW - Feb. $49c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/amx.html

Play Date: 12/01/2009
BID (Sothebys--$19.25; +0.28; optionable): Auction houses
http://biz.yahoo.com/p/b/bid.html
After Hours: $19.37
EARNINGS: 11/05/2009
STATUS: Test breakout. BID surged higher mid-November after posting a solid earnings report to start that month. The move took BID to a new post-March high. Strong move on very decent trade. The past two weeks it is testing the move, coming back to hold near support at the rising 18 day EMA and the October peak, as well as the 38% Fibonacci retracement notice how these points often line up for a stock testing a breakout. Nice hold at that level and we are looking for a break higher off this level to give us an entry point to continue the move higher.
VIDEO: http://investmenthouse1.com/ihmedia/BID.wmv
Volume: 776.32K Avg Volume: 895.773K
BUY POINT: $19.48 Volume=1.1M Target=$23.45 Stop=$18.31
POSITION: BID DW - Apr. $17.50c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/bid.html

Play Date: 12/01/2009
PCP (Precision Castparts--$107.07; +3.39; optionable): Metal fabrication
http://biz.yahoo.com/p/p/pcp.html
After Hours: $106.37
EARNINGS: 10/20/2009
STATUS: Triangle. PCP is setting up to make the next break higher, forming a short triangle on top of the September through October flat trading range that consolidated the solid July to September run. A quick correction to end October and then PCP recovered the prior high and broke to a new rally high mid-November. Strong volume Tuesday as PCP broke higher after making a higher low in its short pattern. Looking for PCP to continue this move and give us a buy for its next run.
VIDEO: http://investmenthouse1.com/ihmedia/PCP.wmv
Volume: 1.124M Avg Volume: 1.069M
BUY POINT: $107.42 Volume=1.4M Target=$120.95 Stop=$101.88
POSITION: PCP CA - Mar. $105c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/pcp.html

Downside:

Play Date: 12/01/2009
GS (Goldman Sachs--$167.63; -2.03; optionable)
http://biz.yahoo.com/p/g/gs.html
After Hours: $167.71
EARNINGS: 10/15/2009
STATUS: Not participating in the rally at all. GS was already struggling, making a lower high in mid-November then a lower low to end November. It rebounded Monday to fill the gap, then gapped higher Tuesday, continuing the move. That did not last, however, as GS turned over intraday and closed lower on a shot of above average volume, the highest trade in a month. After bouncing back to the 50% Fibonacci retracement we are looking for GS to sell to the 127% extension (158ish); our initial target is a bit more conservative, but a move to that level lands a 40%ish gain on our downside play.
VIDEO: http://investmenthouse1.com/ihmedia/GS.wmv
Volume: 13.495M Avg Volume: 9.779M
BUY POINT: $166.98 Volume=11M Target=$160.00 Stop=$170.56
POSITION: GPY MN - Jan. $170p (-52 delta)
http://www.investmenthouse.com/ci/gs.html

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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