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Begin part 3 of 3

THE PLAYS:

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

Upside:

Play Date: 06/02/2010
AKS (AK Steel Holding--$14.94; +0.84; optionable): Steel
http://biz.yahoo.com/p/a/aks.html
After Hours: $14.94
EARNINGS: 07/19/2010
STATUS: Reverse head and shoulders. After a tumble from early April that cut AKS in half the stock is setting up for a bounce. It is in the process of forming the right shoulder of an inverse head and shoulders, the last part of the pattern. AKS rallied Wednesday, moving up to the trendline formed from the left shoulder to the start of the right. When it breaks through we are ready to move in. Plenty of space to the upside to run when it makes that move.
VIDEO: http://investmenthouse1.com/ihmedia/AKS.wmv
Volume: 7.694M Avg Volume: 12.173M
BUY POINT: $15.23 Volume=14M Target=$19.31 Stop=$14.03
POSITION: AKS 10I14.00 - Sept. $14c (59 delta) &/or Stock

Play Date: 06/02/2010
ICON (Iconix Brand Group--$16.36; +0.45; optionable): Branded consumer apparel
http://biz.yahoo.com/p/i/icon.html
After Hours: $16.12
EARNINGS: 08/02/2010
STATUS: ABCD up. ICON has formed a 4 week ABCD pattern following the February to late April run. It stair-stepped back in May, bouncing last week after a short double bottom. Made it through the 50 day EMA, then gave it up Friday, falling a bit more Tuesday, showing a hammer doji on the candlestick chart. Nice test of the move off the D point, and Wednesday ICON started back upside. If it can make it through the 50 day and can make the move stick into the close that is our trigger to move in. Showing excellent relative strength in this market.
VIDEO: http://investmenthouse1.com/ihmedia/ICON.wmv
Volume: 412.424K Avg Volume: 785.006K
BUY POINT: $16.89 Volume=875K Target=$19.22 Stop=$15.71
POSITION: ICON 10H15.00 - Aug. $15c (63 delta) &/or Stock

Play Date: 06/02/2010
JOYG (Joy Global--$52.45; +4.19; optionable): construction machinery
http://biz.yahoo.com/p/j/joyg.html
After Hours: $52.73
EARNINGS: 06/03/2010
STATUS: Reverse head and shoulders. JOYG sold off sharply in late April, early May, breaking below the 200 day SMA. It managed to hold the February low in the early and late May selling, however, forming a left shoulder and a head. It rebounded to the 200 day the past week and stalled. In doing so it has formed the right shoulder, and after gapping lower Tuesday JOYG gapped higher Wednesday, moving through the 200 day SMA and on much stronger volume to boot. Looking for a continued upside move to give us the buy. Plenty of upside room to run back to the top of the range.
VIDEO: http://investmenthouse1.com/ihmedia/JOYG.wmv
Volume: 3.586M Avg Volume: 2.932M
BUY POINT: $52.87 Volume=3.8M Target=$60.95 Stop=$49.17
POSITION: JOYG 10J50.00 - Oct. $50c (60 delta) &/or Stock

Play Date: 06/02/2010
MRVL (Marvell Technology--$19.52; +0.87; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/m/mrvl.html
After Hours: $19.03
EARNINGS: 08/27/2010
STATUS: MRVL is coming off the 200 day SMA at the bottom of its 6 month trading range. MRVL spent quite a bit of time at the bottom of the range and the 200 day, building its strength to make the upside move. It made a higher low the past four sessions and Wednesday posted a solid advance. If it can continue the move through our buy point then we are ready to move in for a run back to the top of the range.
VIDEO: http://investmenthouse1.com/ihmedia/MRVL.wmv
Volume: 14.229M Avg Volume: 15.238M
BUY POINT: $19.74 Volume=18M Target=$22.55 Stop=$18.36
POSITION: MRVL 10H19.00 - Aug. $19c (54 delta) &/or Stock

Play Date: 06/02/2010
PAY (VeriFone Holdings--$20.04; +0.33; optionable): Electronic payment systems
http://biz.yahoo.com/p/p/pay.html
After Hours: $19.81
EARNINGS: 08/25/2010
STATUS: Flag. PAY peaked in March and sold off to the 50 day EMA only to get caught in the swirl down to the early May flash crash. It bottomed at the 200 day SMA and bounced, only to come back to that level again two weeks back. Again it held, however, and last Thursday gapped higher on very strong volume. That move took PAY to the down trendline formed by the March and April peaks. The past three sessions PAY has slid a big lower along that trendline, but it is forming a flag, refusing to give up much ground. Nice flag, and on Wednesday PAY was moving back upside. If it can continue the move and make a break through the trendline stick, we are ready to enter.
VIDEO: http://investmenthouse1.com/ihmedia/PAY.wmv
Volume: 1.858M Avg Volume: 1.461M
BUY POINT: $20.22 Volume=2M Target=$23.45 Stop=$19.10
POSITION: PAY 10J20.00 - Oct. $20c (56 delta) &/or Stock

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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