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Begin part 3 of 3

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. *********** *************

New Post-Split Plays:

Play Date: 03/11/2010
ATW (Atwood Oceanics--$36.71; +0.05; optionable): Offshore drilling
http://biz.yahoo.com/p/a/atw.html
After Hours: $36.71
EARNINGS: 05/03/2010
STATUS: Flag. ATW is trading in a 5 month range from 32 to just over 40, and it has started the move up off the bottom already, but the past few days is making a test of that initial move. Thursday ATW held the top of a range of support in the middle of the trading range, and we are looking to pick up a trade on this up to the prior highs in the range as our initial target. If it breaks out, we will definitely have part of our position to work for us, but we are also looking to take some gain when it hits the target. The option play lands a 44%ish gain.
VIDEO: http://investmenthouse1.com/ihmedia/ATW.wmv
Volume: 574.376K Avg Volume: 943.444K
BUY POINT: $37.04 Volume=1.2M Target=$40.35 Stop=$35.66
POSITION: ATW 10F35.00 - June $35c (55 delta) &/or Stock

Play Date: 03/11/2010
DIOD (Diodes--$21.21; -0.32; optionable): Electronic and semiconductor products
http://biz.yahoo.com/p/d/diod.html
After Hours: $21.20
EARNINGS: 05/07/2010
STATUS: Breakout test. After a strong run off the November 2008 bottom through September 2009, DIOD banged around in a trading range through this month. It made the breakout last week showing some very strong upside volume. This week it is testing, coming back to the breakout point, tapping it on the Thursday low. We are going to wait patiently for the test to complete and then when it breaks higher and can hold the move into the close that is when we move in.
VIDEO: http://investmenthouse1.com/ihmedia/DIOD.wmv
Volume: 225.693K Avg Volume: 270.223K
BUY POINT: $21.61 Volume=400K Target=$24.94 Stop=$20.57
POSITION: DIOD 10F20.00 - June $20c (58 delta) &/or Stock

Play Date: 03/11/2010
JCP (J.C. Penney--$30.21; -0.10; optionable): Department stores
http://biz.yahoo.com/p/j/jcp.html
After Hours: $30.21
EARNINGS: 05/14/2010
STATUS: Flag. JCP led retailers from 2003 to 2007 then fell upon hard times. It was on the mend then sold off starting October 2009 into February this year. Things changed, however, with its earnings announcement in February. It gapped higher, starting a reversal of that trend. It just came off its second rally of the move, coming back to test Tuesday through Thursday, holding over the 200 day SMA it cleared on this last move. There is support at 30 from prior price points as well, so breaking through and a good test sets it for a continued run upside. It may take another day or two to finish the consolidation. When it makes the break higher and can make it stick into the close we are looking to move in.
VIDEO: http://investmenthouse1.com/ihmedia/JCP.wmv
Volume: 3.294M Avg Volume: 5.198M
BUY POINT: $30.55 Volume=6.4M Target=$35.94 Stop=$29.38
POSITION: JCP 10H30.00 - Aug. $30c (56 delta) &/or Stock

Leaders:

Play Date: 03/11/2010
ASEI (American Science & Engineering--$75.71; +0.36; optionable): Industrial equipment
http://biz.yahoo.com/p/a/asei.html
After Hours: $75.48
EARNINGS: 02/09/2010
STATUS: Double bottom. ASEI gapped higher in late December, rallying to a new all-time high after that move. It has since come back to test, filling part of the gap on the February and early March lows. It found support and bounced this week, working laterally. It has some room to run to the upside and we are looking for a trade back up to the prior high as our initial target. It can run beyond that and we will keep some positions open to let it. Not a lot of trade but that does not keep ASEI from continuing to lead in the market. A move to the initial target with the option play lands an 85%ish gain.
VIDEO: http://investmenthouse1.com/ihmedia/ASEI.wmv
Volume: 33.633K Avg Volume: 131.302K
BUY POINT: $76.11 Volume=200K Target=$84.94 Stop=$73.08
POSITION: ASEI 10G75.00 - July $75c (54 delta) &/or Stock

Play Date: 03/11/2010
BEN (Franklin Resources--$107.97; +0.54; optionable): Asset Management
http://biz.yahoo.com/p/b/ben.html
After Hours: $107.97
EARNINGS: 04/26/2010
STATUS: Flag. BEN made is a lot of money during its 2009 run. After that move through October it needed a break and over the past 5 months it has tested, building a new base. Found support in February at last summer's peaks and has rebounded. Strong break upside last week and this week it is testing, coming back to test at near support at the 10 day EMA. Tapped at that level Thursday and then reversed for a gain. When BEN gets moving it can run well. The initial target is a trade up to the prior high for a 50%ish gain on the options. We will take part of the gain then and see if BEN is on a longer term run at that point.
VIDEO: http://investmenthouse1.com/ihmedia/BEN.wmv
Volume: 1.029M Avg Volume: 1.235M
BUY POINT: $108.24 Volume=1.6M Target=$115.45 Stop=$105.54
POSITION: BEN 10G105.00 - July $105c (59 delta)

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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