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Begin part 3 of 3

We apologize for the Part 3 arriving late. Jon Johnson's son played in the championship basketball game this evening. His son's team won.

THE PLAYS:

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Each play contains a 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. *********** *************

Leader Plays:

Play Date: 03/10/2010
HTCH (Hutchinson Technology--$7.65; +0.06; optionable): Data storage devices
http://biz.yahoo.com/p/h/htch.html
EARNINGS: 04/27/2010
STATUS: Flag. HTCH is rolling back up in its range after holding a support range back in mid-February. It edged higher but mostly laterally through Monday, but then gapped higher that session, clearing the 50 day EMA on strong volume. Tested Tuesday and Wednesday, sitting right on top of the 50 day on lower, below average trade. Nice test may take another day or two to finish. When HTCH breaks higher we are ready to step in as it resumes its move.
VIDEO: http://investmenthouse1.com/ihmedia/HTCH.wmv
Volume: 278.946K Avg Volume: 387.584K
BUY POINT: $7.81 Volume=500K Target=$9.94 Stop=$7.04
POSITION: HTCH 10E7.50 - May $7.50c (59 delta) &/or Stock

Play Date: 03/10/2010
JAZZ (Jazz Pharmaceuticals--$11.71; +0.54; optionable): Biotechnology
http://biz.yahoo.com/p/j/jazz.html
After Hours: $11.65
EARNINGS: 03/03/2010
STATUS: Flag. JAZZ continues to set up, and after bolting higher to start March and breaking resistance at 11, it has come back to test that level this week. Tuesday JAZZ sold to 11 and held. Wednesday JAZZ jumped off that level and the rising 10 day EMA on stronger, above average volume. That is a successful test of the breakout from the 6 month base, and we are looking to move into JAZZ as it continues higher, i.e. we can take some positions early Thursday if it tests or starts where it closed. If it gaps big away from us, well, that will stink. A nice easy test would be great.
VIDEO: http://investmenthouse1.com/ihmedia/JAZZ.wmv
Volume: 791.051K Avg Volume: 378.887K
BUY POINT: $11.81 Volume=575K Target=$13.97 Stop=$10.92
POSITION: JAZZ 10F10.00 - June $10c (63 delta) &/or Stock

Play Date: 03/10/2010
RMBS (Rambus--$22.81; +0.28; optionable): Semiconductors
http://biz.yahoo.com/p/r/rmbs.html
After Hours: $22.81
EARNINGS: 04/23/2010
STATUS: RMBS is making higher lows since January, forming a triangle following the early December breakout and run from a 6 month base. Nice surge higher last week on strong volume, fading to test this week on very light trade, holding the 18 day EMA. Wednesday RMBS started to rally. If it can land some volume as it breaks out we are ready to see if RMBS can generate a great upside move for us.
VIDEO: http://investmenthouse1.com/ihmedia/RMBS.wmv
Volume: 1.105M Avg Volume: 3.502M
BUY POINT: $23.04 Volume=4.2M Target=$26.48 Stop=$21.43
POSITION: RMBS: 10H22.00 - Aug. $22c (67 delta) &/or Stock

Downside:

Play Date: 03/10/2010
DE (Deere & Co.--$58.49; -0.79; optionable): Farm and Construction equipment
http://biz.yahoo.com/p/d/de.html
After Hours: $58.66
EARNINGS: 05/19/2010
STATUS: Double top. DE reached a new rally high in January, but as it did MACD didn't. not a lot of volume until it gapped to that new rally high, closing at the session high. The next session DE gapped lower; the move was over and it sold off through early February. It has recovered in the February and early March market rebound. DE rallied close to the January peak last week, just missing that level, and has faded modestly this week. Wednesday DE tested the top of a narrow band of support. Volume jumped back up to average. Again, there was no volume as DE recovered and moved back up to the prior high near 60. Volume started as it sold Wednesday. So we are watching to see if it is going break below this support range, and if so we are looking to move into the put options for a run to our initial target near 53 where it would fill some gaps. That move lands a 42%ish gain, and it could slide further to a more solid support level at 50 to 48.50, and so we will keep some positions alive after our initial target.
VIDEO: http://investmenthouse1.com/ihmedia/DE.wmv
Volume: 4.794M Avg Volume: 4.474M
BUY POINT: $57.62 Volume=5M Target=$53.31 Stop=$59.92
POSITION: DE 10R60.00 - June $60p (-51 delta)

Play Date: 03/10/2010
DUG (Oil & Gas Ultrashort ETF--$12.01; -0.17; optionable)
After Hours: $12.05
STATUS: This is the 2x inverse of oil, i.e. when oil falls DUG rises. With oil trading up to the top of its range we are watching to see if the range holds and sends oil back down to trade the rotation once again. Wednesday oil closed off its high, showing there is some resistance at the top of the range. No surprise there but need to see more of a reversal, preferably a run higher that is thrown back hard either intraday or after a close above the top of the range. It will likely take a few more sessions, but we want to be ready to move in if Oil does cap out and reverses. A move to our target lands a 70%ish gain.
VIDEO: http://investmenthouse1.com/ihmedia/DUG.wmv
Volume: 2.284M Avg Volume: 2.75M
BUY POINT: $12.08 Volume=3.4M Target=$13.94 Stop=$11.76
POSITION: DUG 10G12.00 - July $12c (48 delta) &/or Stock

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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