stock recommendation, stock option

Begin part 2 of 2

Continuing plays that look good:

Play Date: 06/07/2003
AMEV (Applied Molecular--$4.59; +0.03; no options): Biotechnology
http://biz.yahoo.com/p/a/amev.html
STATUS: Cup w/handle. AMEV continues in the handle of its7 week base, still holding over the 18 day MVA (4.48) on the low. Very, very low volume Wednesday as MAEV continues to shakeout the last sellers. Looking for a strong breakout from here. Stronng money flow and accumulation. Just waiting for the strong breakout on volume.
Volume: 8K Avg Volume: 99.774K
BUY POINT: Breakout: $5.06. Aggressive: $4.75 Volume=102K Target=$6 Stop=$4.44
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/amev.html

Play Date: 07/10/2003
PMTI (Palomar Medical Tech--$5.85; +0.26; no options): Medical applicances
http://biz.yahoo.com/p/p/pmti.html
STATUS: Cup w/handle. After testing the 18 day MVA (5.32) on the Tuesday low PMTI rallied Wednesday but on very low volume. Still looks very good in the pattern with strong accumulation and money flow. Relative strength is ready for a breakout as well. Very nice little pattern.
Volume: 51.175K Avg Volume: 146.047K
BUY POINT: $6.2 Volume=198K Target=$7.75 Stop=$5.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/pmti.html

CONTINUING PLAY LIST:

LEGEND

DATE: date play first appeared on report.

PLAY: Denotes the type of pattern or play.
Upside play types: A Wedge=Ascending triangle/wedge; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.)
Downside play types: CCall=Covered Call; DWedge=Descending triangle/wedge; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);

PIVOT=Buy point

Tgt=Target stock price for the play. Applies to stock and options.

Vol=Volume for the most recent session.

TgtV=Target volume to enter the play.

Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon market conditions.

Still look good: ADAT; AMEV; NENG; OPSW; PMTI; SGMS

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

$SOX 07/15 Cup hdl 0 0 409.45 448 0 0 404
Buy Not Hit.

ADAT 06/28 Cup hdl 3.7 -0.02 3.95 5 37K 201K 3.67
Buy Not Hit. Very nice handle still forming.

AGIL 06/26 Test 50 10.32 -0.04 10.15 12.25 707K 506K 9.55
Current. Nice test of the breakout, holding above the 10 day MVA.

ALT 07/09 Cup hdl 6.9 +0.55 5.88 7.12 2.7M 375K 5.47
Target Hit. Took some gain and let the rest run.

AMEV 06/07 Test BO 4.59 +0.03 4.75 6 8K 102K 4.44
Current. Very nice handle forming.

APOL 05/27 Test 50 64.17 -1.19 55.07 62 1.5M 2.7M 62.45
Current. Still working in the uptrend but sold back to test the 18 day MVA on the low.

ASPM 06/30 FlyPlat 8.12 +0.27 8.08 9.96 157K 115K 7.48
Buy Not Issued. Exploded higher and then gave almost every bit back.

ATSI 06/19 Cup hdl 4.3 +0.15 3.95 4.75 280K 225K 3.72
Current.

ATYT 06/23 Cup hdl 10.78 -0.1 9.7 11.88 1.7M 2.4M 9.74
Current. Holding the 10 day MVA, but struggling to get over 11.30.

BBBY 06/21 Put 38.43 -0.73 39.92 36.75 2.3M 4M 39.48
Current. Tanking lower even on lower volume.

BCGI 07/10 Test BO 21.16 +0.57 20.7 25.35 4.5M 1.4M 19.25
Current. Big volume Wednesday and after hours earnings disappointed and BCGI is getting bombed. It will gap lower on the open. We will try to catch a bounce up to exit.

BDY 07/16 Test BO 18.07 -0.61 19.06 22.88 203K 376K 17.73
New.

BEBE 07/01 Test BO 22.84 +0.25 20.9 24.95 142K 321K 20.95
Current.

BHE 07/09 Cup hdl 34.45 -0.15 35.95 42.55 209K 500K 33.94
Current. Testing the 10 day MVA on lower volume.

BLL 06/21 Put 45.3 +2.72 46 42 1.4M 650K 45.12
Current. Jumped up in the downtrend to test and close at the 18 day MVA on volume. Needs to fail here after being so close to the target. Should have closed it and taken the gain.

BRCM 06/18 Test 18 27.34 -0.49 27.25 32.55 12M 18M 26.95
Current. Managed to recover the 18 day MVA on the close but not looking too good.

CBIZ 06/24 Cup hdl 3.65 +0.1 3.33 4.45 138K 212K 3.12
Buy Not Issued.

CCMP 07/07 Cup hdl 58.86 -0.59 56.25 64.65 1.1M 1.3M 52.31
Buy Not Issued. Coming back to test the 10 day MVA at 57. Good place to hold and rebound.

CGFW 06/11 Cup hdl 8.7 -0.19 7.75 9.35 107K 120K 8.44
Current. Very nice doji at the 18 day MVA.

CHINA 06/21 Test BO 13.09 -1.03 7.95 9.55 16M 2.8M 11.78
Current. Turning back on lower though still strong volume. Looks ready for a test of the 10 day MVA just over 12.

CHMD 06/10 FlyPlat 11.61 -0.29 10.54 12.55 58K 155K 10.35
Current. Still working higher but losing some momentum.

CHTT 07/04 Cup hdl 17.98 -0.27 19.95 23.94 52K 220K 18.55
Buy Not Hit.

CSTL 07/09 Cup hdl 4.5 +0.31 4.2 5.2 168K 200K 3.94
Current. Tried the big move but gave most of it back.

CTV 07/12 Test BO 10.9 +0.11 11.08 13.88 657K 265K 10.38
Current.

DKS 03/18 DB hdl 37.7 -0.08 23.81 28.42 238K 225K 35.94
Current. Very tight, lateral move over 37.50 on low volume as it gets ready for the next leg higher.

DKS 02/19 DB hdl 37.7 -0.08 22.75 27.35 238K 225K 35.94
Current.

DRIV 07/10 Test BO 22.48 -1.27 24.55 29.45 1.5M 1.8M 22.83
Buy Not Hit.

DSCM 07/10 Test BO 5.8 +0.41 6.45 8.12 535K 425K 6
Buy Not Hit.

DVA 05/17 Cup hdl 28.35 +1.03 25.11 30 872K 573K 26.75
Current. Super move higher on strong volume.

EXLT 06/16 Flat 9.98 +0.08 9 11 695K 1.1M 8.94
Current. Nice breakout test. Looks ready for the next leg.

FCN 06/19 Put 25.3 -0.31 25.44 23 556K 1M 24.55
Current. Turned and fell from resistance at 26.

FDRY 06/18 Test 18 16.94 +0.08 16.26 19.55 2.6M 5M 16.25
Current. Holding the 10 day MVA with a doji on below average volume.

FFIV 07/14 A Wedge 17.65 +0.1 18.96 23 304K 800K 17.55
Buy Not Hit.

FLSH 05/22 Test BO 13.32 +0.14 10.55 12.75 289K 195K 12
Current. Still holding in the uptrend.

FLSH 05/12 Rv H&S 13.32 +0.14 9.2 10.96 289K 195K 12
Current.

FSII 07/12 Cup hdl 4.76 -0.08 4.9 6.25 134K 333K 4.45
Current. Low volume pullback after a strong breakout.

GERN 06/16 Test BO 8.54 -0.2 7.55 9.95 704K 2.5M 7.85
Current. Testing the 10 day MVA on very low volume.

GGNS 07/14 BO 3.48 -0.16 3.7 4.72 767K 250K 3.22
Current. Gapped higher but gave the move back in a rather wild session.

GPRO 06/17 A Wedge 49.57 +0.57 41.75 48 348K 766K 45.25
Current. Still working higher up the 10 day MVA on lower and lower volume.

GPRO 04/05 Dbl btm 49.57 +0.57 26.5 30.75 348K 521K 45.25
Current.

GSPN 06/26 Test 50 8.78 -0.49 8.85 10.75 6.8M 3.7M 8.65
Current. Managed to hold the 18 day MVA on the close after tanking below that level intraday.

HPOL 07/08 Test BO 7.24 +0.1 7.22 8.95 121K 541K 6.68
Current. Very nice walk up the 10 day MVA on the intraday lows as volume trails off.

HPOL 06/14 Test BO 7.24 +0.1 6.7 8.38 121K 541K 6.68
Current.

HPOL 06/04 Cup hdl 7.24 +0.1 5.85 6.95 121K 541K 6.68
Current.

HTCH 05/14 A Wedge 35.66 -0.77 29 33.35 394K 802K 33.95
Current. Back to the 10 day MVA, but on lower volume as it continues the uptrend.

IDT 07/12 Cup hdl 18.26 +0.25 18.26 21.95 380K 200K 17.25
Buy Not Hit. Hit the buy on the close. Looks good.

IMAN 07/16 Cup hdl 5.23 +0.33 5.38 6.88 219K 244K 5
New.

INB 06/24 Cup hdl 9.09 +0.04 6.15 7.88 99K 80K 7.38
Current. Nice move but a doji on high volume Wednesday.

INET 07/08 Test BO 5.59 -0.13 5.44 6.55 1.1M 1M 5.03
Current. Managed to hold the gain after a wild session.

INTU 06/26 Put 42.58 -0.63 43.95 39.35 2.4M 6M 44.55
Buy Not Issued.

KEM 07/08 Cup hdl 11.5 -0.1 11.65 14 514K 620K 10.83
Current. Still trending higher but running out of steam the last two sessions as the market weakened.

KFY 06/28 Cup hdl 9.77 +0.14 9.05 10.95 242K 130K 8.65
Current. Still working higher on even better volume after the breakout.

KROL 07/05 Cup hdl 28.2 +0.22 27.98 33.55 208K 700K 27.25
Current. Still working up the 10 day MVA on low volume. Needs a stronger break higher.

KROL 06/14 Test BO 28.2 +0.22 26.05 30.95 208K 716K 26.15
Current.

KRON 06/28 A Wedge 54.92 -1.12 51.5 60.25 163K 300K 54.75
Current. Slipped below the 10 day MVA. want it to hold here.

LM 05/06 Cup hdl 70.32 -0.08 58.5 67.78 267K 610K 66
Current. Holding up well.

LWSN 06/14 Cup hdl 7.62 -0.36 6.75 8.38 424K 515K 7.12
Current. Rolled over but volume was not strong. Managed to hold the 10 day MVA on the close. Will see if it can maintain the lateral move.

MDP 07/16 Cup hdl 46.3 +0.14 47.12 56.55 182K 340K 45
New.

MER 04/28 Cup hdl 53.8 0 43.32 49.55 9.3M 7.5M 47.96
Current. Managed to hold the big gap higher.

MERX 07/15 Cup hdl 10.15 +0.34 10.26 12.45 147K 248K 9.54
Buy Not Hit. Gapped a bit higher but not breakout volume.

MKSI 07/14 Cup hdl 22.64 -0.15 22.8 27.95 460K 488K 21.12
Current. Somewhat choppy but held the previous gains.

MME 04/30 BO 54 -3.94 45.65 54.45 1.3M 634K 56
Current. Ugly. Gapped lower on big volume, closing below the 18 day MVA. Needs to recover back over 55 on the close or we take the gain.

MRGE 04/24 Rv H&S 15.02 -0.39 8.06 10.45 275K 65K 13.95
Current. Tapped all the way to the 10 day MVA on the low but rebounded to cut the losses.

NCN 05/21 Cup hdl 9.99 -0.1 8.65 10.48 252K 254K 9.78
Current. Holding the 10 day MVA as it struggles to get over 10 for good.

NENG 05/05 Cup hdl 4.16 +0.43 2.08 3.44 1.3M 232K 4.05
Current. Wild session but looks ready to start back up.

NWRE 07/12 Test BO 16.95 -0.51 18.48 22.25 377K 900K 17.19
Buy Not Issued.

OIIM 06/17 BO 17.94 +0.34 16.38 19.94 363K 400K 16.96
Current.

ONNN 06/21 Test BO 3.48 +0.23 3 3.75 440K 900K 2.78
Current. Nice move up as the uptrend continues.

OPSW 07/15 Test BO 5.45 -0.05 5.95 7.25 405K 850K 5.53
Buy Not Hit. Still looks nice.

PGNX 07/04 Flat 16.37 -0.43 16.3 19.55 53K 112K 15.85
Current. Back to the 10 day MVA on rising though below average volume. Still working laterally in a good consolidation.

PIXR 07/05 Cup hdl 66.61 -1.13 62.8 71.75 590K 1.2M 65.94
Current. Testing back toward the 10 day MVA on low volume.

PKI 03/04 Test BO 14.4 -0.29 9.16 13.55 665K 1M 13.75
Current.

PMTI 07/10 Cup hdl 5.85 +0.26 6.2 7.75 51K 198K 5.48
Current. Very nice pattern.

POSS 06/28 Put 16.24 -0.04 13.4 11.75 254K 235K 14.75
Current. Doji below the simple 50 day MVA.

PPE 07/12 Test BO 8.71 -0.09 9.28 12 894K 1.6M 8.82
Buy Not Hit.

PRXL 06/12 DB hdl 15.87 +0.07 14.85 17.85 120K 167K 14.75
Current. Trying to get over 16 to start the next leg.

PWAV 07/15 Test BO 7.5 -0.05 8.12 9.75 2M 2.1M 7.45
Buy Not Hit.

QDEL 07/02 A Wedge 6.68 -0.07 6.8 8.12 84K 125K 6.32
Current. Held the 18 day MVA and started higher.

QLGC 07/01 Test BO 51.35 -1.21 52.12 60 8.7M 8M 49.88
Buy Not Issued. Got ugly after hours.

RCNC 07/09 Test BO 3.08 -0.12 2.58 3.05 609K 718K 2.42
Current.

RINO 06/28 Put 11.88 +0.26 12.12 10 91K 375K 12.54
Current. Still working below the 10 day MVA.

RNR 07/01 A Wedge 48.18 -0.02 47.32 55 728K 500K 45
Buy Not Issued.

SCH 07/14 Cup hdl 11.6 -0.18 11.92 14.45 4.4M 7.5M 11.05
Buy Not Issued. Still ready.

SGMS 05/29 Test BO 9.59 0 8.55 10.15 195K 571K 9
Current. Nice low volume test of the 10 day MVA.

SIGM 06/26 Test 50 12.27 -0.25 10.94 12.98 246K 550K 11.25
Current. Nice doji at the 10 day MVA on continued low volume.

SINA 06/26 Test 18 28.2 -1.4 17.71 21.25 7.5M 4M 25
Current. Coming back to test the move, most likely to test the 10 day MVA at 26.25.

SOHU 06/21 Test 50 40.17 -1.49 28.5 35 3.9M 2.5M 32.48
Current. Tapped at the 10 day MVA on the low and rebounded to recoup losses.

SSTI 07/08 Cup hdl 5.3 -0.1 5.22 6.72 2.1M 1.4M 4.98
Current.

STG 07/09 Cup hdl 3 -0.06 2.94 3.65 356K 148K 2.73
Current. Testing back on the nice breakout on lower though still strong volume.

STST 07/07 Test BO 18 +1.04 15.29 18.12 169K 103K 15.95
Current. Very nice recovery off of the 10 day MVA test.

STX 05/24 Test BO 21.56 +0.91 13.95 16.75 6.6M 2.9M 18.65
Current. High volume jump higher though it did give back a chunk of the move.

SWIR 07/07 Test BO 8.59 +0.08 7.38 8.96 449K 355K 6.94
Current. Holding the breakout rather well on low volume.

TMWD 06/11 Test BO 2.98 -0.03 2.32 3.25 112K 140K 2.78
Current. Still trying to get over 3.20 but turning back again.

TPTH 06/18 A Wedge 7.2 -0.2 7.4 8.95 52K 352K 6.98
Current. Holding the 18 day MVA with a nice, low volume doji.

TSCO 06/03 Rv H&S 50.16 -1.68 46.85 55.25 368K 603K 48
Current. Gapped down and sold to the 10 day MVA.

TSCO 04/24 Cup hdl 50.16 -1.68 43.75 52 368K 603K 48
Current.

TSM 06/18 Test 18 10.42 +0.08 10.95 13 7.5M 9M 10.06
Buy Not Issued.

VRTS 08/19 CCall 28.95 -0.87 19.76 20 6.4M 8.5M 28
Current.

VSEA 07/12 Test BO 35.52 +0.02 34.5 40.95 1.2M 1.4M 32.08
Current.

VTSS 07/08 BO 6.5 -0.42 6.65 7.88 7.6M 8M 5.94
Current. Came back on stronger volume, hanging onto the breakout by a thread.

WEDC 06/30 Cup hdl 11.3 -1.27 10.98 13.22 404K 200K 11.25
Current. Tanked to the 18 day MVA.

WWCA 05/22 BO 13.72 +0.18 11.42 13.85 1.1M 824K 12.42
Current. Nice 10 day MVA test.

XICO 07/02 A Wedge 8.09 -0.23 7.25 8.65 97K 172K 7.45
Current. Still looks good in the breakout consolidation over the 10 day MVA.

XING 07/02 Test BO 11.5 -1.41 11.2 13.55 1.6M 499K 11.94
Current. Down to the 18 day MVA on rising volume. Managed to recover the 18 day to close so we will see if there is a bounce from here or we exit.

XMSR 07/16 Cup hdl 13.1 -0.04 14.25 17.25 2.8M 11M 13.12
New.

XRIT 07/04 Cup 11.06 +0.1 11.09 13.45 15K 75K 10.56
Current. Still forming the handle to the cup, holding the 18 day MVA on the lows.

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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