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Begin part 2 of 2

THE PLAYS

Good movers Tuesday: BPOP; EPIC; FLSH; MED; NSCN; NSM; RTIX; SSYS; UCOMA; UNTD; YHOO

NEW PLAYS:

Play Date: 05/13/2003
KOSP (KOS Pharmaceuticals--$22.49; +0.19; optionable): Drug manufacturers
http://biz.yahoo.com/p/k/kosp.html
STATUS: Testing the breakout. KOSP exploded out of a 5.5 month cup base in late April, never stopping to form a handle. Sometimes that happens when the buyside interest is very strong as a stock comes off the bottom of its pattern. It is now testing back, forming the handle its pattern did not have as it tests the 18 day MVA on the Tuesday low (20.70) and rallies back on continued above average volume. Accumulation is solid at 5 up weeks on rising volume to 2 down weeks on rising volume. Strong money flow, and strong relative strength. We like successful breakout tests as that 'proves up' the breakout, showing that buyers are ready to come back in and buy once again as the stock pulls back on short term profit taking. We are looking for a continued move up from here on strong volume.
Volume: 897.443K Avg Volume: 235.772K
BUY POINT: $22.94 Volume=400K Target=$27.48 Stop=$21.33
POSITION: KQW HX - Aug. $22.50c (56 delta) &/or Stock
http://www.investmenthouse.com/ct/kosp.html

Play Date: 05/13/2003
TWTC (Time Warner Telecom--$3.98; +0.3; no options): Telecom services
http://biz.yahoo.com/p/t/twtc.html
STATUS: Ascending Triangle. TWTC is moving off the bottom of its long base, forming a 2-month triangle after forming a prior triangle December to February when it make the breakout leading into the current base. Accumulation since that first triangle is outstanding at 10 up weeks on rising volume to 0 down weeks on rising volume. This is more of a momentum trade as TWTC is nowhere near its previous levels. Still, it has great accumulation and money flow, and plenty of room overhead to run.
Volume: 1.324M Avg Volume: 347.772K
BUY POINT: $4.08 Volume=522K Target=$5.85 Stop=$3.62
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/twtc.html

CONTINUING PLAYS:

Play Date: 05/07/2003
ALT (Alteon--$4.15; 0; no options): Drug manufacturers
http://biz.yahoo.com/p/a/alt.html
STATUS: Cup w/handle. ALT is still working through the handle to its 16-month base showing accumulation of 17 to 9 in the large base. Over the past 9 weeks while in the handle to the larger base, it has formed a double bottom with handle, now moving laterally over the 10 day MVA (4.05), tapping at that level on the intraday lows. Volume surged Tuesday as ALT was unchanged on the close. That indicates the stock is building pressure, crouching for the breakout. Excellent money flow is moving up ahead of price. We just wait for the breakout.
Volume: 291.6K Avg Volume: 121.727K
BUY POINT: $4.36 Volume=188K Target=$5.45 Stop=$3.97
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/alt.html

Play Date: 05/06/2003
HYSL (Hyperion Solutions--$30.65; +0.03; optionable): Application software
http://biz.yahoo.com/p/h/hysl.html
STATUS: Cup with handle. Still in the handle of the base as HYSL took the day off as the market held flat. Still has the solid 5 to 3 accumulation and money flow is running higher and higher ahead of the stock price.
Volume: 373.772K Avg Volume: 678.863K
BUY POINT: $30.83 Volume=1M Target=$37 Stop=$28.67
POSITION: WQE HF - Aug. $30c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/hysl.html

WATCHLIST/ CONTINUING:

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

ADBE 04/02 Test BO 36.49 -0.61 34.12 41 1.9M 4.8M 35.42
Current.

ADSK 03/25 Cup hdl 16.93 +0.08 16.3 19.45 1.6M 1.8M 15.72
Current.

ADTN 04/15 Cup hdl 45.87 -1.08 40.88 46.95 1.2M 1.2M 42.12
Current.

ALGN 04/29 Test 50 8.72 +0.02 7.45 9.25 397K 378K 7.05
Current.

ALT 05/07 Cup hdl 4.15 0 4.36 5.45 292K 188K 3.97
Buy Not Hit.

APH 04/26 Test BO 46.15 +0.04 44.75 51.75 100K 150K 43.88
Current.

APOL 04/12 A Wedge 56.11 -1.06 52.75 59 2.7M 2.7M 54.25
Current.

APOL 02/18 A Wedge 56.11 -1.06 46.25 52.88 2.7M 22M 54.25
Current.

ARTI 04/29 Cup 23.1 -0.39 20.35 24 742K 350K 19.88
Current.

BBA 04/05 Cup hdl 9.46 +0.3 6.05 7.55 286K 329K 8.05
Current.

BCGI 04/24 Test BO 16.81 -0.63 18.55 22.26 864K 431K 17.55
Exited. Failed at the 18 day MVA so exited.

BCR 05/10 A Wedge 64.8 -0.55 64.4 73.75 467K 477K 62.25
Current.

BLTI 02/10 Test BO 11.2 -0.06 7.2 9.5 278K 300K 11.25
Current.

BPOP 04/03 Cup hdl 38.71 +0.76 35.25 40.45 164K 200K 36.48
Current.

CAH 04/09 Put 58.03 -0.38 55.96 52 4.3M 3.5M 54.74
Current.

CBRL 05/01 Cup hdl 32.86 +0.34 32.78 37.65 356K 1.1M 30.49
Buy Not Issued.

CHINA 05/03 Test BO 4.9 -0.08 5.25 6.35 1M 1.1M 4.74
Current.

CNCT 03/03 Test BO 18.03 +0.08 15 17.94 160K 210K 16.94
Current.

CVH 03/31 BO 39.47 +0.04 38.25 44.92 532K 815K 37.65
Buy Not Issued.

CY 03/04 Flat 9.97 -0.18 6.7 8.65 3.7M 2.3M 9.48
Current.

CYPB 05/05 Cup 3.13 -0.03 3.55 4.38 262K 95K 3.22
Current.

ELAB 03/06 Cup hdl 31.07 +0.25 24.06 28.88 171K 325K 29.75
Current.

EPIC 05/08 FlyPlat 3.45 +0.3 3.15 4 357K 145K 2.74
Current.

ETN 05/03 Cup hdl 81.13 -1.5 82.65 90.94 547K 838K 79.88
Buy Not Issued.

FDX 03/24 Cup hdl 62.81 -0.53 57.85 66 1.5M 2.2M 59.75
Current.

FFIV 04/23 A Wedge 16.23 -0.24 15.3 18.32 494K 750K 14.05
Current.

FLIR 05/08 PreSplt 50.98 -0.88 51.7 58.75 203K 401K 49.65
Current.

FLSH 05/12 Rv H&S 9.89 +0.97 9.2 10.96 647K 195K 8.56
Current. Huge volume surge pushed it to the breakout.

GPRO 04/05 Dbl btm 35.29 -1.04 26.5 30.75 457K 521K 32.65
Current.

GRMN 11/06 Cup hdl 47.85 +0.2 22.34 37.45 457K 198K 42.45
Current.

GS 04/26 Cup hdl 74.95 -0.54 76.9 82 4.1M 5M 75.22
Current.

HIL 05/03 BO 8.75 -0.17 7.45 8.96 292K 250K 7.65
Current.

HYSL 05/06 Cup hdl 30.65 +0.03 30.83 37 374K 1M 28.67
Buy Not Hit.

IDBE 04/16 Rv H&S 9.32 +0.17 8.17 11 181K 376K 7.94
Current.

IGLD 04/21 Cup 5.68 -0.37 4.3 6.45 304K 543K 4.75
Current.

JPM 04/01 Test BO 30.72 -0.22 24.96 28.55 7.5M 1.2M 28.88
Current.

KLAC 04/02 Test 50 42.75 -0.88 39.4 45.48 10M 13M 40.65
Current.

KOSP 05/13 Test BO 22.49 +0.19 22.94 27.48 897K 400K 21.33
New.

LEXR 04/30 FlyPlat 5.74 -0.01 5.06 7 1.4M 1.2M 4.97
Current.

LLTC 03/20 Cup hdl 36.3 -0.47 34.97 40.48 5.3M 7M 34.55
Current.

LXK 03/24 Cup hdl 73.8 -0.46 66.92 75 1.6M 2M 71.94
Current.

MED 04/28 Cup hdl 9.25 +0.99 8.7 10.42 206K 145K 8.09
Current. Nice surge up off the 10 day MVA.

MEDI 05/06 Test 18 34.87 -0.13 35.55 41 2.3M 5M 33.15
Current.

MERQ 05/12 Cup hdl 36.8 -0.72 37.68 44.25 4.3M 6.8M 35.04
Buy Not Hit.

MOBE 04/24 Cup 1.88 0 1.88 2.38 71K 110K 1.75
Current.

MVL 03/03 BO 19.48 +0.08 11.82 21 943K 675K 17.55
Current.

MXIM 04/18 Rv H&S 39.37 -1.24 40.12 45 9.5M 1.2M 38.65
Current.

NBIX 05/03 Cup 47.23 +0.77 48.2 54.25 617K 600K 45.96
Current.

NENG 05/05 Cup hdl 2.13 -0.1 2.08 3.44 270K 232K 1.98
Current.

NSCN 04/23 Cup hdl 21.98 +1.4 21.17 25.42 3.6M 2.5M 19.69
Current.

NSM 04/18 Cup hdl 24.04 +1.05 19.55 24.88 8.1M 3.8M 19.35
Current.

NTN 05/07 Test BO 1.99 -0.02 1.95 2.75 178K 183K 1.81
Current.

NVDA 05/08 Cup hdl 20.38 -0.39 17.55 21.25 15M 11M 16.32
Buy Not Issued.

NWK 04/28 DB hdl 7.84 +0.01 7.11 9.45 108K 256K 6.98
Current.

PCNTF 04/14 Cup 8.13 -1.38 7.7 9.62 798K 175K 8
Exited. Took the rest off the table on the fall. Glad we took
some solid gain Monday.

PENN 05/07 Test BO 22.71 -0.04 22.75 26.94 384K 576K 21.05
Buy Not Issued.

PKI 03/04 Test BO 11.02 -0.41 9.16 12 832K 1M 10.05
Current.

PWN 05/07 BO 11.65 +0.2 11.42 13.75 112K 117K 10.62
Buy Not Issued.

QLGC 03/15 Test BO 47.44 -0.01 38.85 45 5.3M 11M 42.22
Current.

QLGC 11/07 Test BO 47.44 -0.01 41.4 50 5.3M 25M 42.22

REDF 04/21 BO 6.1 +0.06 4.35 7.25 608K 300K 5.18
Current.

RESP 04/07 Test 18 38.3 -0.54 38.55 44.45 119K 243K 37.25
Buy Not Issued.

REY 04/26 Test BO 28.65 +0.19 29.06 34.65 177K 391K 27.75
Buy Not Issued.

REY 06/19 Cup hdl 28.65 +0.19 31.15 37.38 177K 430K 28.97

RMD 05/03 Test BO 36.8 -0.5 37.75 43.75 130K 322K 35.92
Buy Not Issued.

ROOM 04/26 Cup 84.2 +1.63 68.75 75 1.1M 1.7M 63.94

RTIX 04/23 Cup hdl 10.84 +0.39 10.45 12.55 277K 150K 9.88
Current.

SMTC 05/10 A Wedge 17.52 -0.25 17.55 21 1.4M 1.9M 16.26
Current.

SSYS 03/01 Cup hdl 27.6 +3.57 12.25 15.45 811K 110K 21.88
Current.

STK 04/28 Cup hdl 26.2 +0.5 25.65 31 890K 1M 23.88
Buy Not Issued.

TWTC 05/13 A Wedge 3.98 +0.3 4.08 5.85 1.3M 522K 3.62
New.

UBET 05/05 BO 3.46 -0.02 3.43 4.49 428K 425K 3.19
Buy Not Hit.

UCOMA 03/31 Cup hdl 4.2 +0.2 3.35 4.48 1.5M 875K 3.65
Current.

UIS 05/10 Cup hdl 10.87 -0.13 11.05 13.25 549K 1.6M 10.38
Buy Not Hit.

UNTD 04/26 Test 18 21.95 +1.18 20.45 24.4 1.7M 1.9M 20.65
Current.

UNTD 03/15 Dbl btm 21.95 +1.18 17.28 20.75 1.7M 1.2M 20.65
Current.

WCS 05/12 Flat 26.78 -0.15 26.12 31.35 282K 510K 25.24
Buy Not Hit.

WFII 04/30 Cup 8.73 +0.14 7.55 9 446K 261K 8.12
Current.

YHOO 12/11 Test 50 27.22 +1.05 17.32 25 20M 20M 23.94
Current.

Good Investing!
Jon L. Johnson and your Technical Traders Report 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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