stock recommendation, stock option

Begin part 2 of 2

Continuing plays that look good:

Play Date: 05/31/2003
AMCC (Applied Micro Circuits--$5.44; +0.23; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/a/amcc.html
STATUS: Cup w/handle. Starting to move higher in the handle of the 7-month pattern but volume did not move up with it. Still looks solid on the foundation of storng 9 to 5 accumulation.
Volume: 5.832M Avg Volume: 3.226M
BUY POINT: $5.45 that holds to the close. Volume=4.5M Target=$7.15 Stop=$4.92
POSITION: AEX HA - Aug. $5c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/amcc.html

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CONTINUING PLAY LIST:

Still look ready: DANKY; DVA; NENG; SRNA; INSP

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

ABTL 05/21 Test BO 6 +0.13 5.25 6.94 294K 371K 4.88
Current. Still moving higher in an impressive move.

ADIC 05/13 DB hdl 10.54 +0.11 9.64 11.65 667K 521K 9.78
Current. Nice lateral move testing the 10 day MVA after the strong run. Very stingy with its gains; solid.

ADPT 05/19 Test 18 8.06 -0.01 7.88 9.48 998K 825K 7.33
Current. Still working higher after the breakout though stalling the past two days.

ADVP 05/20 Cup hdl 33.39 +0.42 32.85 39.22 1.2M 2M 31.92
Current.

AETH 05/14 Cup hdl 5.05 -0.03 4.45 5.45 373K 244K 4.35
Current. Still working up the 10 day MVA after the breakout. Looks solid.

AGEN 05/13 Cup hdl 13.2 -0.17 10.95 13.22 768K 417K 10.97
Target Hit. Took some solid gain.

ALT 05/07 Cup hdl 4.22 -0.62 4.4 5.45 718K 188K 4.54
Exited. Plunged to the 50 day MVA on huge volume.

AMCC 05/31 Cup hdl 5.44 +0.23 5.45 7.15 5.8M 4.5M 4.92
Current. Looking solid.

AMT 04/30 Test 50 8.74 -0.51 6.84 8.35 1.9M 2.1M 8.04
Current. Testing the 10 day MVA on rising volume. Making its third test of the short term MVA after the breakout but the volume is not great.

AOS 05/17 Test BO 31.65 +0.17 32.06 37.65 42K 136K 30.88
Buy Not Issued.

APOL 05/27 Test 50 58.76 +0.76 55.07 62 1.8M 2.7M 54.35
Current. Very nice action with a new closing high.

BCR 05/10 A Wedge 69.8 -1.06 64.4 73.75 555K 477K 66.25
Current. Pulling back from the strong breakout but still looking great.

BGEN 05/24 Rv H&S 43.77 +1.12 42.35 49.55 4.3M 4.5M 39.39
Current. Looks ready for more.

BIO 06/03 FlyPlat 58.5 +0.25 60.12 70 83K 226K 57
New.

BLTI 02/10 Test BO 14.31 -0.46 7.2 13.45 737K 300K 11.78
Current. It has been a strong move over several months and BLTI may need to test back further after a doji on volume Monday. Should hold the 18 day MVA at 13 if it is going to stick with the uptrend.

BRCM 05/03 Cup hdl 24.55 +0.52 19.2 22.94 14M 15M 21.15
Current. Still working up the 10 day MVA after the breakout.

CELG 05/14 A Wedge 31.92 +0.64 30.98 37.12 2.8M 1.8M 29.88
Current. May be ready to start back up after another 18 day MVA test.

CHIR 05/31 Test BO 44.8 +0.64 45.33 54 1.9M 2M 42.65
Current. Ready for more.

CMVT 05/24 Test BO 15.18 -0.3 13.75 16.55 5.6M 4.4M 13.42
Current. Great breakout and now trying to consolidate over 15.

CNQR 04/22 Test 18 6.19 -0.45 6.75 8.12 382K 250K 6.22
Exited. Fell through the 18 day MVA on rising volume.

CTXS 03/29 Cup hdl 22.11 +0.35 14.12 17.25 3.3M 5.3M 19.98
Current. Having some trouble with 23, but still trending higher.

CZN 04/24 Cup hdl 12.57 +0.02 11.34 13.57 1.4M 156K 11.78
Current. Good volume Monday as it broke higher. Took a breather Tuesday.

DANKY 06/02 Cup hdl 4.64 -0.04 4.95 6.25 119K 1M 4.59
Buy Not Hit.

DCTM 06/03 Test BO 21 -0.14 21.78 26 908K 1.5M 20.26
New.

DKS 03/18 DB hdl 27.75 -0.75 23.81 28.42 306K 225K 28.35
Current. Back down to the 50 day MVA after a strong bounce Monday. Let it ride given the lower volume, but it has to bounce here given the double top in May.

DKS 02/19 DB hdl 27.75 -0.75 22.75 27.35 306K 225K 28.35
Current.

DRIV 05/08 Test BO 20 +0.31 17.62 20.95 716K 1.4M 17.96
Current.

DVA 05/17 Cup hdl 24.79 -0.11 24.65 29.55 200K 573K 23.45
Buy Not Issued. May have completed the test.

FDRY 04/29 Cup hdl 15.7 +0.6 10.9 13.15 4.3M 4.4M 13.75
Current. Nice bounce back up on volume.

FDX 03/24 Cup hdl 62.99 -1.62 57.85 66 4.2M 2.2M 61.45
Current. Testing the 10 day MVA on strong volume but showing a doji. Still in the uptrend but needs to hold the line.

FLSH 05/22 Test BO 11.12 +0.07 10.55 12.75 119K 195K 10.15
Current. Nice lateral move on lower volume as it consolidates the gains.

FLSH 05/12 Rv H&S 11.12 +0.07 9.2 10.96 119K 195K 10.15
Current.

GNTA 05/29 Test BO 10.96 -0.52 11.62 14 1.8M 904K 10.74
Current. Tapped the 18 day MVA on the low and rebounded to hold the 10 day.

GPRO 04/05 Dbl btm 38.08 +0.18 26.5 30.75 549K 521K 35.35
Current. Tested the 18 day MVA on the low and rebounded as it continues to work higher.

HTCH 05/14 A Wedge 31.28 +1.23 29 33.35 1M 802K 27.92
Current.

IDBE 04/16 Rv H&S 10.76 +0.15 8.17 11 167K 376K 9.68
Current.

IDC 05/29 BO 16.29 -0.05 16.38 19.65 82K 122K 15.23
Buy Not Issued.

INSP 05/31 Test BO 14.24 -0.16 14.96 18 351K 500K 13.91
Buy Not Hit. Looks very good in the lateral consolidation.

JCOM 05/27 Cup hdl 33.59 -1.81 38.12 45.55 1M 1M 34.94
Current. Sold down to the 18 day MVA but managed to hold that level as volume rose. Stayed with it because it held and it is volatile, but needs to bounce.

JNPR 05/22 Flat 13.88 -0.11 12.9 15.55 20M 17M 12.72
Current. Still working nicely up the 10 day MVA.

JNPR 04/15 Flat 13.88 -0.11 10.6 13.42 20M 17M 12.72
Current.

KOSP 05/13 Test BO 21.15 +0.18 23.25 27.48 500K 400K 21.88
Buy Not Issued. Not doing it. Dropping.

LGTO 05/22 A Wedge 7.5 +0.26 7.06 8.75 1.7M 2M 6.75
Current. Tested the 10 day MVA on the low and rebounded as it holds the breakout.

LM 05/06 Cup hdl 63.98 -1.32 58.5 67.78 496K 610K 59.65
Current. Testing back after the strong surge higher.

LXK 05/20 Test 50 73.35 -0.25 71.4 79.55 1.4M 1.8M 71.45
Current.

MAT 05/20 Put 21.4 -0.08 21.3 19.45 1.3M 2.5M 21.95
Current. Still working below the 10 day MVA, but it needs to fall.

MDCO 05/10 Test 18 23.8 +0.49 21.25 25.48 908K 825K 21.65
Current. Still working higher after the strong 50 day MVA bounce.

MED 05/22 Test BO 13 +0.31 10.62 12.78 116K 145K 10.85
Current. Has rallied up to 13 on some lower volume, but cannot complain.

MED 04/28 Cup hdl 13 +0.31 8.7 10.42 116K 145K 10.85
Current.

MER 04/28 Cup hdl 44.4 +0.1 43.32 49.55 4.4M 7.5M 41.68
Current.

MME 04/30 BO 46.94 -0.12 45.65 54.45 384K 634K 45.88
Current.

MRGE 04/24 Rv H&S 9.36 -0.24 8.06 10.45 130K 65K 9.88
Current. Held the position as it held the January high, showing a doji.

MUSE 05/03 Test 18 8.83 -0.07 7.75 9.35 2.3M 2M 8.24
Current. Still in the uptrend, showing a hammer doji at the 10 day MVA.

NCN 05/21 Cup hdl 8.89 +0.18 8.65 10.48 470K 254K 8.12
Current. Nice move on volume.

NENG 05/05 Cup hdl 2.54 -0.04 2.08 3.44 102K 232K 2.29
Current. Still in a nice test of the 10 day MVA on very low volume.

NSCN 04/23 Cup hdl 22.8 -0.01 21.17 25.42 1.5M 2.5M 21.45
Current. Still working up the 10 day MVA but needs to get over 23.

NSM 04/18 Cup hdl 23.58 +0.05 19.55 24.88 4.1M 3.8M 22.75
Current. Doji right at the 10 day MVA on above average volume.

NTES 04/01 Cup 32.91 +3.11 17 27 2.6M 1M 29
Current. Nice reversal off the 18 day MVA on strong volume.

NVDA 05/08 Test BO 25.23 +0.51 22.62 27 13M 11M 23.15
Current. May have ended the test, holding 24 on the low.

NVLS 05/06 Flat 35.58 +1.49 30.28 36 11M 11M 31.94
Current. Back up on continued above average volume. What a move.

OVTI 02/24 Cup hdl 32.58 -0.78 19.05 31 4M 1.2M 31.05
Current. Gapped lower but held the 18 day MVA and bounced back. We will see if it can hold on and use the 18 day once again as support.

PKI 03/04 Test BO 12.78 -0.04 9.16 13.55 759K 1M 11.75
Current.

PWN 05/07 BO 12.82 +0.59 11.66 13.94 338K 117K 11.55
Current. Super surge on strong volume.

QLGC 05/17 Test BO 49.8 +0.97 46.78 54 5.5M 8M 46.25

QLGC 03/15 Test BO 49.8 +0.97 38.85 45 5.5M 11M 46.25
Current.

QLGC 11/07 Test BO 49.8 +0.97 41.4 50 5.5M 25M 46.25

QLGC 08/17 CCall 49.8 +0.97 36.48 0 5.5M 12M 46.25
Current.

RGEN 04/07 Test 18 6.06 -0.2 4.84 7.1 153K 132K 5.96
Current. Let it ride as it managed to recover and hold the 18 day MVA.

RHAT 05/27 Test 18 7.25 +0.05 7.45 8.94 750K 1.4M 6.93
Buy Not Issued.

RMBS 04/09 A Wedge 17.55 +0.04 17.55 21.45 1.4M 6.8M 15.94
Current. Tapped the 10 day MVA on the low and rebounded. Being stingy with the gains, and it will be ready for another move soon.

RMD 05/03 Test BO 39.99 +0.02 37.75 43.75 225K 322K 38

SCSS 04/26 Cup hdl 15.91 -0.09 12.22 16 266K 696K 14.75
Current. Still working over the 10 day MVA on its third short term MVA test.

SEPR 04/12 Test BO 23.31 +0.73 17.1 21 1.5M 1.8M 20.94
Current. Very nice lateral consolidation over the 10 day MVA at 22.

SGMS 05/29 Test BO 7.37 -0.03 8.08 9.95 446K 571K 7.51
Buy Not Hit.

SHRP 05/23 Cup hdl 23.24 -0.22 22.06 26.55 174K 350K 20.52
Buy Not Issued.

SIGM 05/06 Cup hdl 11.09 +0.2 7.58 9.55 826K 125K 9

SINA 05/22 Cup hdl 15.86 +0.84 14.75 17.75 5.2M 2.5M 13.96
Current. Bounced back up off the 10 day MVA on even stronger volume than the Monday selling.

SINA 04/12 Cup hdl 15.86 +0.84 9.35 13.45 5.2M 2.5M 13.96
Current.

SNUS 06/02 FlyPlat 3.45 -0.55 4.28 5.95 403K 130K 3.98
Buy Not Hit. Tanked with just a day on the report. Dropping.

SRNA 05/28 Rv H&S 19.95 -0.05 20.35 24.45 595K 700K 18.78
Buy Not Hit.

STX 05/24 Test BO 14.86 -0.68 13.95 16.75 2.2M 2.9M 13.55
Current. Fell to the 10 day MVA on the low but held its ground.

TALK 06/03 Rv H&S 9.62 +0.17 9.98 12 441K 405K 9.28
New.

TSCO 06/03 Rv H&S 47.26 +1.26 46.85 55.25 379K 603K 44
Current.

TSCO 04/24 Cup hdl 47.26 +1.26 43.75 52 379K 603K 42.85
Current.

TXN 05/28 Cup hdl 20.62 +0.52 20.85 24.75 8.4M 16M 19.39
Current. Note bad, up off the 10 day MVA but on lower, below average volume.

UCOMA 03/31 Cup hdl 4.74 +0.06 3.35 4.48 693K 875K 4.35
Current.

UTHR 04/30 Cup hdl 20.59 +0.13 18.12 21.75 177K 226K 19
Current. Still working higher after its third bounce.

VRTS 08/19 CCall 27.8 +0.37 19.76 20 8.9M 8.5M 24.92
Current. Not falling back much as it rests after the strong move.

WPI 05/05 Flat 37.9 +0.89 31.62 38 1.8M 1.9M 35.25
Current. Took some awesome option gain as WPI started a break
higher out of a lateral consolidation. Let the rest run.

WWCA 05/22 BO 10.85 -0.24 9.68 13 1M 824K 9.45

XING 06/02 Test BO 5.26 -0.06 5.44 7.95 200K 230K 5.06
Buy Not Issued. Tried the move but could not quite hold it. Still solid.

XLNX 05/27 Test 50 29.54 +0.6 30.22 35.55 10M 16M 28.12
Current. UP off the 18 day MVA on continued above average volume.

ZMH 05/24 Put 43.9 +0.56 44.95 42 3.5M 2.4M 46.25
Current. Bounced some from the selling, but just letting it work for us.

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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