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Begin part 2 of 2

THE PLAYS

Good moves Wednesday: TSCO; COLT; DRL; FLSH; PWER; UTSI

Tuesday night play results:
ARTG: Gapped higher but could not hold the move that started Tuesday.
PWER: Super move higher on volume.
UTSI: Solid move off the 50 day MVA continued.

New Plays for Thursday:

Play Date: 08/13/2003
NSM (National Semiconductor--$24.08; +0.5; optionable): Semiconductors
http://biz.yahoo.com/p/n/nsm.html
STATUS: Double bottom w/handle. NSM has hung in there and is one of the favorites among a few decent analysts. We won't hold that against it. It is trying to make a breakout stick from a 12 week pattern. It just came off a 50 day MVA test (21.81) when the chips dipped last week. It is making the bounce on solid, above average volume Monday and Wednesday. It was making the breakout Wednesday and managed to hold the break, but it closed well off of the session high (24.68). Solid 3 to 1 accumulation in the short base (3 up weeks on rising volume to 1 down week on rising volume) with money flow surging.
Volume: 4.05M Avg Volume: 3.539M
BUY POINT: $24.75 Volume=5.3M Target=$29.68 Stop=$22.42
POSITION: NSM KX - Nov. $22.50c (68 delta) &/or Stock
http://www.investmenthouse.com/cd/nsm.html

Play Date: 08/13/2003
PCOR (Pinnacor--$2.2; 0; no options): Internet service provider
http://biz.yahoo.com/p/p/pcor.html
STATUS: Cup w/handle. PCOR is working in a 5 week handle to its 17 month base, edging back on lower and lower below average volume. Accumulation in the base is a solid 16 to 9 while money flow moves higher as the stock eases back in its handle. A very nice, orderly base, and we just need to be patient and let it make the breakout move. We like what we saw Wednesday as volume jumped ahead as the stock held in the same tight range. We call these 'get ready' spikes, indicating there is some big ongoing accumulation.
Volume: 472.587K Avg Volume: 138.09K
BUY POINT: $2.46 Volume=225K Target=$3.12 Stop=$2.18
POSITION: - Stock (No option chain)
http://www.investmenthouse.com/cd/pcor.html

Downside:

Play Date: 08/13/2003
GPT (Greenpoint Financial--$50.2; -0.98; optionable): Savings & loan
http://biz.yahoo.com/p/g/gpt.html
STATUS: Head and shoulders. GPT broke down from a 2 month head and shoulders in late July, plowing through the 50 day MVA (50.75) on some serious volume. It held at 49 and started back up to test the break, moving higher on lower and lower below average volume. Tuesday it made a final push to break back over the resistance and then turned and fell Wednesday on a big surge of above average volume. Money flow is tanking ahead of price and we are going to ride GP down on a further move.
Volume: 616.2K Avg Volume: 520.5K
BUY POINT: $50.02 Volume=600K Target=$47.48 Stop=$51.66
POSITION: GPT VJ - Oct. $50p (-46 delta)
http://www.investmenthouse.com/ci/gpt.html

* * *
SUBSCRIBER PORTFOLIO: Here is the revamped portfolio. A very good mix of stocks that will provide some very interesting plays in the weeks and months ahead. Right now we are just putting them in, and when they provide a buy point that is when we will start to move into positions. That is the key to any purchases, i.e., wiaitng for them to provide the entry points and not just a shotgun buy.

AVID, DIS, GTRC, KKD, LPNT, OCR, TGT, UTSI

* * *
CONTINUING/WATCHLIST:

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.

These still look ready: BEV; CHRD; WTW

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

$SOX 08/09 Put 0 0 372 354 0 0 377
Buy Not Issued.

AMZN 05/03 BO 40.21 +0.36 30.3 35.45 7.2M 12M 38.25
Current. Hanging in there over the 18 day MVA on some rising volume.

ANSR 08/11 Cup hdl 3.38 -0.05 3.43 4.22 302K 350K 3.19
Current. Tried to continue the strong Tuesday move but ended up giving some back. Still solid.

AOS 07/24 Rv H&S 33.51 +0.41 33.05 40 59K 175K 30.94
Buy Not Issued. Starting up but just not attracting the kind of volume we wanted to see on the move.

ARTG 08/12 Test 50 2.12 0 2.18 2.62 754K 1M 1.98
Buy Not Issued.

ASPT 08/09 Test BO 7.79 -0.17 8.06 10.12 746K 791K 7.45
Current. Tried the next breakout move the past two days but did not making it.

ASTSF 07/12 Cup hdl 7.39 -0.19 6.5 8.25 142K 500K 6.68
Current. Gapped higher but then slid back below 7.50 again.

AVID 08/09 Test 18 46.3 +0.59 0 0 236K 0 0

BDY 07/16 Test BO 23.2 -1.5 19.58 23.25 614K 376K 18.88
Current. Gapped higher again but then gave the move back and much of the Tuesday move.

BEAS 08/04 Cup hdl 12.59 -0.17 13.88 16.65 7.5M 16M 12.91
Buy Not Hit.

BEAS 07/31 Cup hdl 12.59 -0.17 13.37 16.22 7.5M 16M 12.69
Current. Still holding support at 12.50 as volume edges higher. Needs to hold here.

BEV 07/26 Test BO 5.63 -0.01 5.54 6.94 851K 1.4M 5.24
Current. Holdign the 10 day MVA with another doji.

BMRN 08/07 Put 8.56 +0.01 8.98 6.95 529K 1.3M 9.75
Buy Not Hit.

CHRD 07/28 Test BO 3 0 3.22 4.05 225K 822K 2.99
Buy Not Issued. Holding at 3 still. This is where it needs to move up.

CMTL 08/05 Put 16.61 -0.12 16.24 14.12 75K 450K 17.56
Buy Not Issued.

COLT 07/24 BO 5.6 +0.28 5.3 6.68 62K 200K 5.08
Current. Gapped higher on some solid volume. Good action.

CRAY 07/22 Test BO 11.02 +0.02 9.73 11.75 670K 1.4M 9.94
Current. Still moving up off the 18 day MVA, but slowed to a crawl Wednesday.

DIS 08/09 Test 18 22.5 +0.05 0 0 5.6M 0 0
Good move Tuesday but then stalled out Wednesday.

DKS 03/18 DB hdl 37.8 -0.16 23.81 28.42 167K 225K 35.94
Current. Nice doji on the 10 day MVA on low volume.

DKS 02/19 DB hdl 37.8 -0.16 22.75 27.35 167K 225K 35.94
Current.

DRL 08/11 Put 40.85 -2.01 43.2 40 1.1M 550K 44.44
Current. Divign on high volume.

EBAY 12/12 Test 18 101.29 -2.14 69.45 92 6M 12M 105.55
Current. Rolled over at the 50 day MVA on some rising volume. Need to be careful on a test of 110.

EBAY 10/15 Test 50 101.29 -2.14 62.45 92 6M 12M 105.55
Current.

EGO 06/25 Cup hdl 2.25 +0.06 1.88 2.45 324K 210K 2.03
Current. Nice volume move up off the 18 day MVA.

ESA 08/05 Cup hdl 15 +0.03 15.34 18.45 180K 405K 14.44
Buy Not Hit.

FLSH 05/22 Test BO 15.75 +0.5 10.55 12.75 361K 195K 14.42
Current. Nice volume move up off the 18 day MVA continues.

FLSH 05/12 Rv H&S 15.75 +0.5 9.2 10.96 361K 195K 14.42
Current.

GENZ 08/07 Put 45.34 -1.31 44.05 40 3.3M 4M 46
Buy Not Issued.

GMR 07/30 Cup hdl 12.07 -0.16 12.14 14.45 183K 218K 11.55
Current. Still moving laterally over the 10 day MVA. Volume spiked up so being careful here.

GPT 08/13 H&S 50.2 -0.98 50.02 47.48 616K 600K 51.66
New.

GTRC 08/09 BO 32.7 -0.25 34.12 41 359K 725K 31.73
Buy Not Hit.

HL 08/04 Cup hdl 6.23 -0.07 6.07 7.28 2.1M 1.7M 5.62
Current. Still holding much of the gain as it takes a breather with the market.

IPXL 07/29 Cup hdl 11.98 -0.27 13.48 16.25 201K 759K 11.96
Buy Not Issued.

ITRI 08/06 H&S 18.63 -0.81 19.57 17 281K 200K 20.55
Buy Not Hit.

KKD 08/09 Cup hdl 45.03 +0.04 45.08 54.25 1M 1M 43.32
Current.

LPNT 08/09 Rv H&S 27.97 +0.28 29.06 35 714K 1.3M 27.03
Buy Not Hit. Still working up the 10 day MVA with volume starting to pick up.

MERX 07/15 Cup hdl 11.25 +0.42 10.52 12.75 131K 248K 10.14
Current. Up off the 10 day MVA though on lower volume.

MKSI 07/21 Cup hdl 22.5 +0.52 22.25 27.95 184K 488K 21.68
Current. Still working up off the 50 day MVA as it follow through on that bounce.

MKSI 07/14 Cup hdl 22.5 +0.52 22.8 27.95 184K 488K 21.68
Current.

MLHR 08/09 Test BO 21.98 -0.13 21.72 26.12 158K 325K 21.04
Buy Not Issued.

NSM 08/13 Cup hdl 24.08 +0.5 24.75 29.68 4.1M 5.3M 22.42
New.

OCR 08/09 Test 50 33.03 -0.31 0 0 401K 0 0

ONNN 06/21 Test BO 3.44 -0.03 3 3.75 223K 900K 3.18
Current. Stalling at resistance at 3.50.

PCOR 08/13 Cup hdl 2.2 0 2.46 3.12 473K 225K 2.18
New.

PMTI 08/06 BO 7 +0.06 6.59 7.91 81K 200K 5.96
Buy Not Issued.

PWER 08/12 Test BO 10.95 +0.58 11 13.45 622K 675K 9.91
Current. Nice move on rising volume off the 10 day MVA.

PWN 07/31 FlyPlat 16.25 -0.2 17.75 21.35 72K 240K 16.51
Buy Not Hit.

SBUX 07/30 Cup 26.51 -0.14 27.55 33 2M 6M 25.94
Buy Not Issued.

SBUX 07/01 Cup 26.51 -0.14 26.3 30.94 2M 6M 26.45
Current. Still working laterally over the 50 day MVA on below average volume.

TGT 08/09 Flat 39.94 -0.06 40.12 48 3.8M 5.7M 37.31
Buy Not Hit. Jumped up Tuesday and then stayed right there Wednesday.

TIWI 08/07 A Wedge 3.7 -0.02 4.06 5.65 39K 689K 3.75
Buy Not Hit.

TSCO 07/29 Test BO 57.61 +1.86 56.12 62.88 487K 494K 53.82
Current. We moved in on more positions Tuesday, and TSCO did not disappoint Wednesday.

TSCO 06/03 Rv H&S 57.61 +1.86 46.85 55.25 487K 603K 53.25
Current.

TSCO 04/24 Cup hdl 57.61 +1.86 43.75 52 487K 603K 53.25
Current.

TSCO 04/03 Rv H&S 57.61 +1.86 38.6 44.38 487K 577K 53.25
Current.

TZIX 07/21 Rv H&S 7.4 -0.1 7.7 9.45 18K 200K 7.21
Current. Holding the 18 day MVA.

UNTD 07/12 Test BO 32.75 +0.35 28.8 34.12 932K 2.1M 30
Current. Still working higher, but not a big surge higher.

UNTD 05/29 Flat 32.75 +0.35 23.45 28 932K 2M 30
Current.

UTSI 08/09 Test 50 41.66 +1.42 41.72 50 2.7M 4.5M 38.82
Current. Nice move up over the short term MVA.

VRTS 08/19 CCall 30.54 -0.07 19.76 20 4.9M 8.5M 29.06
Current.

VVTV 07/19 Cup hdl 16.82 -0.03 16.95 20.45 273K 250K 16.14
Current. Still working laterally over the 18 day MVA with a very big volume spike Wednesday. We are watching closely given this get ready spike.

WTW 08/09 Put 42.78 +0.07 42.24 39.68 441K 800K 43.28
Buy Not Issued. Still below the 10 day MVA and just waiting for the rollover on more volume.

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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