stock recommendation, stock option

Begin part 2 of 2

THE PLAYS

Good moves Wednesday: POSS; RADA

Wednesday Plays:
SIGM: Not the powerful move we were looking for, but it is still solid.
FEIC: Turned right back down as it has a bit more work to do.
THOR: Testing the 18 day MVA on continued low volum.
TSCO: Still an excellent breakout test in progress.

Best Plays:
1) VIVO: Starting a strong breakout.
2) DKS: 10 day MVA has risen up to the stock.
3) Continuing: C has a new buy point. DCLK is preparing again. USAI looks super. THOR is at the 18 day MVA.

New Plays:

Play Date: 05/07/2003
ASCL (Ascential Software--$3.92; -0.05; no options): Application software
http://biz.yahoo.com/p/a/ascl.html
STATUS: Flying plateau. ASCL blasted out of a 4.5 month flat base in mid-April, rallying from 3 to 4. That base showed excellent accumulation at 7 up weeks on rising volume to 2 down weeks on rising volume. After the breakout on tremendous volume, ASCL has moved laterally the past two weeks in a very narrow range and on significantly lower volume. The 10 day MVA (3.84) has now caught up with ASCL, and on these moves that typically acts as the catalyst to send the stock up on the next leg. Volume was back up above average Wednesday as ASCL tested the 10 day MVA and bounced back. Looking for a strong volume break higher from this bullish pattern.
Volume: 1.335M Avg Volume: 1.108M
BUY POINT: $4.05 Volume=1.7M Target=$4.96 Stop=$3.77
POSITION: - Stock
http://www.investmenthouse.com/cd/ascl.html

Play Date: 05/07/2003
VIVO (Meridian Biosciences--$9.27; +0.37; no options): Diagnostic substances
http://biz.yahoo.com/p/v/vivo.html
STATUS: Breakout from cup with handle. VIVO formed a nice 3.5 month cup with handle starting in January, working through the base with excellent 6 to 2 accumulation. After a 2-week handle that tapped the 10 day MVA on the low (8.80) and shook out the last sellers, VIVO shot higher Wednesday on a strong volume surge, breaking out of the pattern. Excellent money flow and a relative strength breakout to confirm the move.
Volume: 124.3K Avg Volume: 27.7K
BUY POINT: $9.38 Volume=45K Target=$11.25 Stop=$8.72
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/vivo.html

Continuing:

Play Date: 03/18/2003
DKS (Dicks Sporting Goods--$29.69; -0.31; no options): Sporting goods
http://biz.yahoo.com/p/d/dks.html
STATUS: Flying plateau. Moving laterally in a very tight range the past week after a similar pattern three weeks back. DKS likes to form these tight, lateral consolidations after rallies higher. Volume has been mostly below average on the move, and we are looking for the 10 day MVA (29.16) to act as the catalyst for the next move up.
Volume: 154.2K Avg Volume: 269.785K
BUY POINT: New: $30.06 (orig. $23.81) Volume=225K Target=New positions: 35; orig. positions: $28.42 Stop=$28
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/dks.html

MEMBER PORTFOLIO: AMZN, BRCM, IBM, IGEN, KLAC, MSFT, RCII, TEVA, WMT YHOO
These are the stocks that our subscribers vote to put in a 'portfolio' to track their progress and comment upon when they reach buy points, sell points, or levels to write some covered calls on. They are not intended to be held as a portfolio by subscribers and are not covered in their entirety in every report. When something interesting is developing we take note.

Play Date: 05/03/2003
BRCM (Broadcom--$18.34; -0.66; optionable): Semiconductor integrated circuit
http://biz.yahoo.com/p/b/brcm.html
STATUS: Cup w/handle. BRCM is testing the 10 day MVA (18.05) in the handle to its 3.5 month base, showing a doji on top of the 10 day. A very nice pattern and we are just waiting for that breakout.
Volume: 13.834M Avg Volume: 11.604M
BUY POINT: $19.15 Volume=15M Target=$22.94 Stop=$17.81
POSITION: RCQ HW - Aug. $17.50c (66 delta) &/or Stock
http://www.investmenthouse.com/cd/brcm.html

CONTINUING/WATCHLIST:

Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop

ALTR 04/15 Rv H&S 16.79 -0.45 15.75 18.81 10M 12M 15.52
Current. Took a lower volume rest after a solid move off the 18 day MVA.

AMZN 05/03 BO 30.7 -0.18 30.3 35.45 10M 12M 28.18
Current. Held flat on lower volume after a good breakout this week.

ASCL 05/07 FlyPlat 3.92 -0.05 4.05 4.96 1.3M 1.7M 3.77
New.

BCE 04/05 Cup 20.27 -0.16 19.9 23.75 619K 550K 19.45
Current. Strong move this week took a rest Wednesday.

BCGI 04/24 Test BO 18.31 -0.61 18.55 22.26 1.1M 431K 17.55
Current. Tapped the 18 day MVA on the low and bounced some. Needs to turn this into a strong upside move.

BLL 03/03 A Wedge 56.21 -0.96 54.22 62 302K 550K 55.74
Current. Just cannot get going here. Getting ready to cut the cord as BLL will be ready at one point again, but we could have better uses for the money.

BLTI 02/10 Test BO 12 -0.36 7.2 9.5 778K 300K 11.25
Current. Testing back after a strong move. Want to hold 11.50ish.

BRCM 05/03 Cup hdl 18.34 -0.66 19.15 22.94 14M 15M 17.81
Buy Not Issued.

BWS 03/24 Test BO 31.39 -0.02 28.55 34.25 111K 200K 29.06
Current. Took a rest after a strong surge.

C 04/18 Rv H&S 40.02 +0.07 40.54 47.55 15M 23M 38.45
Buy Not Issued. Has formed a lateral handle and moved up the buy point
to let it clear resistance.

CHIR 05/03 Cup hdl 41.87 -0.52 42.9 51 1.1M 2M 40.25
Current.

CLE 04/14 Cup hdl 25.94 -0.24 26.05 30 289K 567K 24.78
Buy Not Issued.

CNQR 04/22 Test 18 6.06 -0.09 6.12 7.42 146K 250K 5.65
Buy Not Issued.

CTL 05/01 Cup hdl 31.25 -0.09 30.65 36 677K 1.3M 30
Buy Not Issued. Forming a handle now right over 31. Breakout over 31.51.

CTXS 03/29 Cup hdl 19.85 -0.43 14.12 17.25 4.1M 5.3M 17.85
Current. Topping out some after a strong, strong move up.

DCLK 04/26 Test BO 8.88 -0.13 9.04 11.35 807K 1.9M 8.41
Current.

DKS 03/18 DB hdl 29.69 -0.31 23.81 28.42 154K 225K 28
Current. Ready for more.

DKS 02/19 DB hdl 29.69 -0.31 22.75 27.35 154K 225K 28
Current.

DSPG 04/26 Test BO 21.05 +0.08 21.1 25.1 452K 300K 20
Current. Tested the 18 day MVA on the low and showed a doji on high volume. Not bad.

DSPG 04/09 Test BO 21.05 +0.08 19.35 23 452K 308K 20
Current.

EBAY 12/12 Test 18 94.28 -1.06 69.45 92 4.5M 12M 91.22
Current. Still working laterally at 95.

EBAY 10/15 Test 50 94.28 -1.06 62.45 92 4.5M 12M 91.22
Current.

EFII 03/27 Cup hdl 19.86 -0.27 18.43 22.25 214K 498K 18.65
Current. Trying to get over 20 . . . still.

EXEL 05/05 Cup 8.33 -0.15 9.32 11.25 109K 264K 8.54
Buy Not issued. Reversed the big move Tuesday and then showed a doji Wednesday right on the 10 day MVA. May be ready to try the move again.

FDRY 04/29 Cup hdl 12.11 +0.14 10.9 13.15 4.3M 4.4M 10.35
Current. Holding the gains nicely.

FEIC 05/06 Cup 18.1 -0.69 19.12 22.95 305K 325K 17.78
Buy Not Hit.

FFIV 04/23 A Wedge 14.81 -0.11 14.42 17.35 418K 750K 13.41

FLML 04/21 Test BO 8.58 +0.18 8.88 10.75 312K 398K 8.62
Current. Trying to move back over the 18 day. Giving it another shot.

GRMN 11/06 Cup hdl 46.05 -0.05 22.34 37.45 299K 198K 42.45
Current.

HAS 04/12 Test BO 16 -0.57 14.88 17.88 2M 1.2M 15.35
Current. Could not hold the MVL sympathy move falling right back to the 10 day MVA.

HAS 03/31 Test BO 16 -0.57 14.65 17 2M 1.2M 15.35
Current.

IART 04/24 FlyPlat 26.16 -0.02 24.62 27.55 234K 485K 24.65

IBM 01/11 A Wedge 86.68 -0.67 0 0 6.8M 14M 84

IGEN 01/11 A Wedge 37.72 -1.58 0 0 826K 375K 36

IGLD 04/21 Cup 5.4 -0.16 4.3 5.38 308K 543K 4.12
Current. Reversed on high volume Tuesday and edged lower Wednesday but on much lower volume.

ILXO 04/15 Cup hdl 13.98 +0.23 11.6 15.32 265K 293K 11.92
Current. Moving laterally on below average volume. Not bad after the strong move up.

JNPR 04/15 Flat 12.19 -0.1 10.6 13.42 19M 17M 9.97
Current. Holding up very well.

KLAC 04/02 Test 50 42.04 -1.06 39.4 45.48 9M 13M 39.88
Current. Tapped the 10 day MVA on the low and rebounded on some low volume.

KLAC 01/11 Test BO 42.04 -1.06 0 0 9M 0 0

MME 04/30 BO 44.2 -0.29 43.85 51.85 580K 634K 40.78
Buy Not Issued.

MSFT 01/11 A Wedge 25.99 -0.39 0 0 49M 57M 0

MXIM 04/18 Rv H&S 39.88 -1.02 40.12 45 6.9M 1.2M 38.65
Current. Holding the 10 day MVA after tapping the 18 day MVA on the low.

MYK 03/22 Cup hdl 9.03 -0.06 8.88 10.88 114K 180K 8.26
Current. Nice lateral move as it holds the gain.

NTES 04/01 Cup 24.68 -0.4 17 20.45 1.9M 1M 21.45
Current.

NXTL 02/25 Flat 13.82 -0.83 14.55 17.55 33M 2.5M 14.15
Current. Falling thru the 18 day MVA. Giving it a session to rebound.

OVRL 04/05 Flat 17.65 -0.1 16.75 20.25 84K 140K 16.92
Current. Nice lateral move over the 18 day MVA.

OVTI 02/24 Cup hdl 27.51 -0.05 19.05 24.55 667K 1.2M 24.74
Current. Nice test back on low volume, showing a doji.

POSS 04/23 Cup 19.79 +0.62 20.18 24 399K 342K 18.38
Current. Started a solid move higher on strong volume.

QCOM 04/16 Put 31.94 -0.89 32.56 29 16M 16M 32.75

QLGC 03/15 Test BO 45.8 -0.4 38.85 45 8.6M 11M 41
Current.

QLGC 11/07 Test BO 45.8 -0.4 41.4 50 8.6M 25M 41

QLGC 08/17 CCall 45.8 -0.4 36.48 0 8.6M 12M 41
Current.

RADA 05/05 BO 7.99 +0.21 7.92 9.51 228K 80K 7.37
Current. Still moving up on very strong volume. Nice.

RCII 01/11 Test BO 65.56 -0.44 0 0 349K 0 61

RGEN 04/07 Test 18 5.55 -0.36 4.84 7.1 238K 132K 5.47
Current. Thudded to the 18 day MVA, tested lower, but managed to recover to close at that level.

RL 04/10 Cup hdl 23.16 -0.09 23.26 27.94 214K 433K 21.63
Buy Not Issued. Still moving through the handle over the 18 day MVA.

SCSS 04/26 Cup hdl 13.47 -0.02 12.22 14.55 204K 696K 12.05
Current. Very nice handle forming here after the strong breakout.

SHRP 05/01 Cup hdl 20.84 -0.16 21.45 25.25 333K 293K 19.95
Buy Not Issued.

SIGM 05/06 Cup hdl 7.56 +0.11 7.58 9.55 174K 125K 7.05
Buy Not Hit.

SINA 04/12 Cup hdl 12.31 +0.26 9.35 11.35 3.2M 2.5M 9.65
Current. Started back up though volume was backing off.

SOHU 03/20 Dbl btm 18.76 +0.28 10.55 13 1.7M 800K 14.85
Current. Posted a gain as well but on lighter volume.

SPLS 03/31 Test 50 20.35 +0.05 20.3 23.55 5.5M 5M 19.24
Current. Held steady after the big breakout.

SSYS 03/01 Cup hdl 24.74 -0.24 12.25 15.45 179K 110K 21.88
Current.

TEVA 01/11 A Wedge 46.8 -0.89 0 0 2.3M 5M 0

THOR 04/05 Test BO 12.96 -0.29 13.5 16.26 494K 721K 12.68
Current. Down to the 18 day MVA on low volume. Looks ready to start back up.

TNOX 04/12 Test 18 14.73 -0.26 12.96 15.75 284K 271K 14.25
Current. Tested the 18 day MVA on the low and rebounded on strong volume to close at the 10 day MVA. Chased us out but still holding up.

TSCO 04/24 Cup hdl 43.89 -0.34 43.75 52 303K 603K 40.69
Current. Another nice move in the handle.

TSCO 04/03 Rv H&S 43.89 -0.34 38.6 44.38 303K 577K 40.69
Current.

USAI 03/25 Cup hdl 34.07 -0.04 29.12 33.55 10M 8.3M 32.55
Current. Very nice lateral move, preparing for the next leg.

UTHR 04/30 Cup hdl 17.76 -0.18 18.12 21.75 256K 226K 17.48
Current.

VIVO 05/07 BO 9.27 +0.37 9.38 11.25 124K 45K 8.72
New.

VRNT 05/05 Cup hdl 22.5 +0.52 22.92 27.55 227K 245K 21.32
Current. Shot higher but then faded in the afternoon.

VRTS 08/19 CCall 24.15 -0.22 19.76 20 14M 8.5M 21.25
Current.

VSTA 04/28 Cup hdl 23 +0.5 19.98 23.85 139K 156K 19.35
Current. Moving up again on above average volume.

VTAL 04/23 Cup hdl 15.4 +0.51 14.25 17.12 293K 150K 13.25
Current. Back up on rising volume.

WFR 03/29 FlyPlat 12.75 0 12.4 15.15 192K 200K 11.65
Current. Still moving laterally. Preparing for the next move up.

WFR 02/22 Flat 12.75 0 9.35 12.75 192K 217K 11.44
Current.

WMT 02/05 Put 55.08 -0.83 0 0 8.2M 8.2M 0

XLNX 03/20 Test BO 23.49 +0.08 28.05 34.55 9.9M 14M 26.35
Current.

XMSR 04/07 Test BO 10.99 -0.4 6.95 8.42 17M 6.5M 8.45
Current. Gapped higher and then turned over after the big gap higher.

YHOO 12/11 Test 50 24.76 -0.39 17.32 25 7.2M 20M 23.94
Current.

Good Investing!
Jon L. Johnson and The Daily 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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