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Begin part 2 of 2

Continuing plays ready to go:

Play Date: 05/08/2003
NVDA (Nvidia--$20.87; -0.11; optionable): Semiconductor
http://biz.yahoo.com/p/n/nvda.html
STATUS: Testing the breakout. NVDA announced blowout earnings before we had a chance to get in, and it gapped higher and never looked back. So we decided to wait for it to consolidate the move and provide the next entry point. It is a sign of strength that NVDA has not given up hardly any of the breakout, holding over 20 the entire time. The 10 day MVA has now risen to 20, and as we have seen again and again in this rally, when the 10 day MVA rises up to kiss a stock that has made a big break higher and is moving laterally, that often starts the next rally higher. Thus NVDA may come back again to test the 10 day or it may continue to move laterally for a few days until the 10 day gets there. Either way we will be ready because those can be explosive moves.
Volume: 7.252M Avg Volume: 8.259M
BUY POINT: $21.66 Volume=11M Target=$26 Stop=$19.94
POSITION: UVA ID - Sept. $20c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/nvda.html

Play Date: 05/23/2003
SHRP (Sharper Image--$21.72; +0.81; optionable): Gadget stores
http://biz.yahoo.com/p/s/shrp.html
STATUS: Cup w/handle. SHRP is back on. It was one we got a bit impatient with, but after the last test of the 18 day MVA in its handle it caught some volume and is starting to move back up toward a breakout from the 7-month base. Accumulation is solid at 7 to 3, and money flow is now racing back up, always ahead of the price during the lateral 6-week handle.
Volume: 313.21K Avg Volume: 244.454K
BUY POINT: $22.06 Volume=350K Target=$26.55 Stop=$20.52
POSITION: SAU HD - Aug. $20c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/shrp.html

Still look ready: DVA; KOSP; ADPT; NSCN; NSM; PWN; TLB

CONTINUING PLAY LIST:

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

ABTL 05/21 Test BO 5.41 +0.1 5.25 6.94 305K 371K 4.88
Current. Nice breakout Thursday on huge volume then paused a
bit Friday on lower volume. Nice break higher.

ADIC 05/13 DB hdl 10.2 +0.3 9.64 11.65 984K 521K 9.22
Current. After the gap it had to pause and catch its breath,
and now it is moving higher.

ADPT 05/19 Test 18 7.54 +0.32 7.65 9.21 551K 825K 7.11
Buy Not Hit. Up off the 18 day MVA with a good surge. Will need
some more volume.

ADVP 05/20 Cup hdl 33 0 32.85 39.22 661K 2M 31.92
Current. Tried to extend teh bounce Thursday but gave it back
adn then sat idling Friday. Needs to resume the bounce
this week.

AETH 05/14 Cup hdl 4.75 +0.38 4.45 5.45 606K 244K 4.21
Current. Nice volume move Friday after the 10 day MVA test,
but again backed off from 5.

AGEN 05/13 Cup hdl 11.15 +0.54 10.95 13.22 912K 417K 10.25
Current. Nice gap higher Friday on volume as AGEN continues
the move after a 18 day MVA test.

ALT 05/07 Cup hdl 4.83 -0.18 4.4 5.45 148K 188K 4.44
Current. Nice move last week but fell back Friday as volume
dropped below average. Held above the 10 day MVA as
it maintains its uptrend.

AMT 04/30 Test 50 8.5 +0.23 6.84 8.35 651K 2.1M 7.58
Current. Continued its move up the 10 day though volume is still
quite low.

AOS 05/17 Test BO 31.21 +0.55 31.65 37.65 42K 136K 30.25
Buy Not Hit. Moving up off the 18 day MVA on rising volume though
it was still weak. Needs more trade.

APOL 04/12 A Wedge 52.4 -0.89 52.75 59 2.3M 2.7M 54.96
Exited. Undercutting the 50 day MVA on rising volume so exited.
Edged higher right at the close to hold the 50 more
or less. If it rallies from here we will have to swallow
it and take a position again.

APOL 02/18 A Wedge 52.4 -0.89 46.25 52.88 2.3M 22M 54.96
Exited. The trade was getting iffy so we took the gain.

AVE 05/19 Put 52.25 +0.17 50.96 48 126K 375K 52.25
Buy Not Hit. Still working up to test the 200 day MVA even as volume
falls off the cliff.

BCR 05/10 A Wedge 68.49 -0.55 64.4 73.75 532K 477K 65.75
Current. Outstanding break higher last week then taking a breather
Friday.

BGEN 05/24 Rv H&S 40.5 +1.22 40.94 47.55 3.2M 4.5M 38.07
New.

BLTI 02/10 Test BO 12.72 +0.02 7.2 13.45 335K 300K 11.78
Current. Still working up the 18 day MVA but running into resistance
at 13, the next buy point if it breaks through on strong
volume.

BRCM 05/03 Cup hdl 22.03 +1.08 19.2 22.94 17M 15M 20.12
Current. Big jump off the 10 day MVA Friday on a solid above
average volume surge.

CAH 04/09 Put 57.04 +0.03 55.96 52 1.5M 3.5M 54.74
Current. Sure looks to be stalling at the 50 day MVA with a
doji and low volume as it tries to move up.

CELG 05/14 A Wedge 31.1 +0.75 30.98 37.12 1.3M 1.8M 29.04
Current. Up off the 18 day MVA late in the week though volume
did not rally with it.

CMVT 05/24 Test BO 13.15 +0.06 13.58 16.32 1.7M 4.4M 12.63
New.

CNQR 04/22 Test 18 7.1 +0.9 6.75 8.12 910K 250K 6.12
Current. Beautiful breakout.

CTXS 03/29 Cup hdl 20.59 +0.19 14.12 17.25 2M 5.3M 18.92
Target Hit. Took the last of the gain on the June options, letting
the stock position run. Looking for more volume to
punch it higher.

CZN 04/24 Cup hdl 12.1 -0.01 11.34 13.57 1.8M 156K 11.65
Current. Lateral move over the 10 day MVA all week as it rose.
Strong volume surge Friday,so it may be ready for the
next leg.

DKS 03/18 DB hdl 30.2 -0.38 23.81 28.42 466K 225K 28.35
Current.

DKS 02/19 DB hdl 30.2 -0.38 22.75 27.35 466K 225K 28.35
Current. Took a breather Friday after the strong Thursday bounce.

DRIV 05/08 Test BO 18.17 +0.08 17.62 20.95 944K 1.4M 16.96
Current. Good bounce Thursday to save it off the 18 day MVA
and then paused Friday.

DVA 05/17 Cup hdl 24.01 +0.01 24.65 29.55 149K 573K 23.45
Buy Not Hit. Just being patient with it.

ELAB 03/06 Cup hdl 29.65 +0.55 24.06 28.88 391K 325K 30.38
Current. Making a 50 day MVA test after a long run up the 50
day MVA. Volume jumped as it tested its 50 day MVA
Wednesday and Thursday. Looking for a bounce on continued
storng trade.

FDRY 04/29 Cup hdl 13.93 -0.01 10.9 13.15 1.8M 4.4M 13.05
Current. Great move up the 10 day MVA, but it has hit 14 and
is struggling there.

FDX 03/24 Cup hdl 61.14 +0.97 57.85 66 998K 2.2M 60.71
Current. Nice recovery to move over the short term MVA, but
very toppy. Has to get over 62 on some volume or it
is in trouble.

FFIV 05/21 Test 18 16.01 +0.11 15.62 18.55 137K 750K 15.23
Current.

FFIV 04/23 A Wedge 16.01 +0.11 15.34 18.32 137K 750K 15.23
Current. Up off the 18 day MVA, but never really giving us the
strong volume we wanted.

FLSH 05/22 Test BO 10.61 -0.13 10.55 12.75 251K 195K 9.69
Current.

FLSH 05/12 Rv H&S 10.61 -0.13 9.2 10.96 251K 195K 9.69
Current. Almost hit the target Friday with a gap higher, but
gave it back on lower volume. Letting it work.

GPRO 04/05 Dbl btm 39.66 +1.62 26.5 30.75 678K 521K 35.35
Current. My goodness what a strong mover, exploding higher after
an 18 day MVA test.

HTCH 05/14 A Wedge 27.59 +0.07 28.06 33.35 351K 802K 26.15
Buy Not Issued. Made a higher low off the 18 day MVA as it continues
the pattern. Adjusted the buy point to let it clear
resistance.

IDBE 04/16 Rv H&S 10.22 -0.09 8.17 11 298K 376K 9.25
Current. Less than stellar week, falling back to the 10 day
MVA after a big breaout. Disappointing but it is holding
support.

JNPR 05/22 Flat 12.8 -0.13 12.9 15.55 5.2M 17M 11.94
Current.

JNPR 04/15 Flat 12.8 -0.13 10.6 13.42 5.2M 17M 11.94
Current. Started the bounce back up off the 10 day last week
but could not get a lot of volume and needs to break 13.

KOSP 05/13 Test BO 23.09 +0.59 23.25 27.48 286K 400K 21.88
Buy Not Issued. Volume is starting to come in and now looks ready.

LGTO 05/22 A Wedge 6.73 -0.18 7.02 8.75 1.9M 2M 6.53
Buy Not Hit. After the strong breakout Thursday, LGTO tested back
on the intraday low and snapped back. It has tested,
and now it looks ready.

LM 05/06 Cup hdl 58.43 0 58.5 67.78 223K 610K 57.04
Current. Working laterally over the 10 day MVA.

LXK 05/20 Test 50 69.37 -0.58 71.4 79.55 1.3M 1.8M 68.68
Current. Holding the 50 day MVA. Needs to make the bounce up
from here.

MAT 05/20 Put 21.45 -0.04 21.3 19.45 3.1M 2.5M 21.95
Current. Another doji at 21.50 as volume surged higher. Looking
for it to fail here.

MDCO 05/10 Test 18 21.86 +1.09 21.25 25.48 810K 825K 20.45
Current. Nice 50 day MVA test and recovery Thursday and Friday.
Now needs to clear 22 on some volume to break it out
of this range.

MED 05/22 Test BO 11.1 +0.46 10.62 12.78 468K 145K 9.65
Current. Huge move Friday in a continuation run, but gave most
of the gain back. Still a nice move.

MED 04/28 Cup hdl 11.1 +0.46 8.7 10.42 468K 145K 9.65
Current.

MME 04/30 BO 47.63 +0.73 45.65 54.45 390K 634K 45.38
Current. Nice move last week as MME continued up the 10 day MVA.

MRGE 04/24 Rv H&S 11 +0.4 8.06 10.45 181K 65K 9.88
Current. Yet another strong move Friday as MRGE exploded off
the 10 day MVA last week.

MUSE 05/03 Test 18 8.39 +0.04 7.75 9.35 2.7M 2M 7.75
Current. Trying to work higher and get over some resistance at 8.50.

NCN 05/21 Cup hdl 8.03 0 8.28 10 403K 254K 7.88
Buy Not Hit. Forming a very nice handle as it holds the 18 day MVA.

NENG 05/05 Cup hdl 2.48 +0.28 2.08 3.44 1.2M 232K 2.12
Current. Yess indeed, NENG finally gave the big move, exploding
higher Friday on volume after its lateral test of the
prior breakout.

NSCN 04/23 Cup hdl 21.79 -0.23 21.17 25.42 1M 2.5M 20.94
Current. Ready for the next move higher as it holds the 10 day
MVA on declining volume.

NSM 04/18 Cup hdl 22.43 +0.24 19.55 24.88 1.9M 3.8M 21.82
Current. Excellent test of the 18 day MVA.

NTES 04/01 Cup 29.7 +2.46 17 27 2.4M 1M 25.38
Current. Breaking to a new high on strong volume as NTES explodes
off the 18 day MVA late in teh week.

NVDA 05/08 Test BO 20.87 -0.11 21.66 26 7.3M 11M 19.94
Buy Not Issued. Very nice lateral consolidation the past two weeks
after exploding higher on earnings. The 10 day MVA
is rising to meet it, & when it does it is an explosive
combination.

OSI 05/24 Put 36.3 +0.27 35.8 33 518K 897K 36.85
New.

OVTI 02/24 Cup hdl 30.92 +0.77 19.05 31 990K 1.2M 28.25
Current. Working up the 18 day MVA still, strong relative strength,
but volume remains below average.

PKI 03/04 Test BO 12.04 +0.24 9.16 13.55 942K 1M 11
Current. Bounced up off the 18 day last week on some rising
volume. Now needs to break through 12 definitively.

PLB 05/19 Put 41.45 +0.03 41.62 39.12 283K 275K 42.88
Buy Not Issued. Not making the big drop.

POWI 05/10 Flat 23.72 +0.05 24.85 29.75 159K 970K 23.45
Exited. Weak bounce up off the 50 day MVA stalling at the short
term MVA. Decided to close it because looked toppy.
Could still recover, & if it does we will move back in.

PWN 05/07 BO 11.5 +0.02 11.66 13.94 22K 117K 11.18
Current. Moving laterall over the 10 day MVA on low volume.
Looking ready for the next move.

QLGC 05/17 Test BO 45.76 +0.63 46.78 54 4.2M 8M 44.65
Buy Not Hit. Starting to rally off the 18 day MVA and just needs water.

QLGC 03/15 Test BO 45.76 +0.63 38.85 45 4.2M 11M 44.24
Current.

QLGC 11/07 Test BO 45.76 +0.63 41.4 50 4.2M 25M 44.24

QLGC 08/17 CCall 45.76 +0.63 36.48 0 4.2M 12M 44.24
Current.

RGEN 04/07 Test 18 6.34 +0.46 4.84 7.1 561K 132K 5.45
Current. Explosive move off the 18 day MVA late in the week
on solid volume.

RMD 05/03 Test BO 37.4 +0.2 37.75 43.75 148K 322K 35.92
Buy Not Issued. Coming off a test showing good volume Thursday. Needs
to blast through the buy point on strong trade.

SCSS 04/26 Cup hdl 15.62 +0.56 12.22 16 841K 696K 14.12
Current. Nice volume break higher Friday after the 10 day MVA test.

SEPR 04/12 Test BO 21.4 +0.36 17.1 21 654K 1.8M 19.88
Current. Bounced up from an 18 day MVA test last week but is
looking somewhat pensive as it moves toward the recent
high at 22.

SHRP 05/23 Cup hdl 21.72 +0.81 22.06 26.55 313K 350K 20.52
New.

SIGM 05/06 Cup hdl 9 +0.63 7.58 9.55 451K 125K 7.85
Finaly made the next break higher Friday on massive volume.

SINA 05/22 Cup hdl 14.66 +0.66 14.75 17.75 3.3M 2.5M 13.12
Current.

SINA 04/12 Cup hdl 14.66 +0.66 9.35 13.45 3.3M 2.5M 12.78
Target Hit. Another nice bounce higher late in the week off the
18 day MVA. Back to the recent high. Took the rest
of the June options off the table with a nice gain.

SLAB 05/17 Put 26.63 +0.03 26.05 23.55 908K 1.1M 27.65
Current. Tapped the 10 day MVA on the Friday high and fell back.

SSYS 03/01 Cup hdl 26.93 +0.46 12.25 15.45 516K 110K 26.22
Current. Recovered to hold the 10 day MVA after the valuation
downgrade early in the week.

STX 05/24 Test BO 13.32 -0.11 13.72 16.55 1.3M 2.9M 12.76
New.

TLB 05/17 Put 26.95 +0.14 25.95 22.65 268K 375K 27.55
Current. Doji just below the 50 day on continued low volume
as TLB continues to struggle at that point.

TSCO 04/24 Cup hdl 43.01 +0.01 43.75 52 99K 603K 42.85
Current. Recovered from a wild start of the week on the LOW
earnings, holding at the 18 day MVA late in teh week.

UCOMA 03/31 Cup hdl 4.65 +0.1 3.35 4.48 617K 875K 4.21
Current.

UTHR 04/30 Cup hdl 19.48 +0.55 18.12 21.75 362K 226K 18.48
Current. Sweet move late in the week off the 18 day as UTHR
moves to a 3 year high. Great volume. Tried the patience
but paid off.

VIVO 05/07 BO 9.9 +0.19 9.66 11.38 63K 45K 9.15
Current. Broke higher late in the week on volume though showing
a doji Friday on lower volume. Still a good break higher.

VRTS 08/19 CCall 24.33 -0.03 19.76 20 4.8M 8.5M 23.25
Current. Coming off the 18 day MVA test, but little volume.
Still in good shape.

VSTA 05/22 Test BO 23.34 -0.07 24.15 27.95 65K 156K 22.45
Current. Excellent test of the 10 day MVA last week. Started
up off it Thursday on good volume but then fell back
Friday. Low volume and still looks good.

VSTA 04/28 Cup hdl 23.34 -0.07 19.98 23.85 65K 156K 22.45
Current.

WPI 05/05 Flat 36.58 +0.33 31.62 38 1.1M 1.9M 34.35
Current. Right back up ot the recent high in a good late week
recovery.

WWCA 05/22 BO 9.9 +0.33 9.68 13 1.8M 824K 9
Another strong volume move Friday in continuation of
the Thursday breakout.

ZMH 05/24 Put 45.93 +0.15 45.72 42.12 2.5M 2.4M 46.45
New.

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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