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Begin part 3 of 3

THE PLAYS

Good movers Wednesday: ADI; CRDS; DCE; EGO; GTRC; HL; QCOM; WEBX; JNPR

Tuesday night play results:
CRDS: Stupendous breakout.
WBEX: Gapped up as it is being added to the S&P
DCEL: Super breakout on strong volume!
NTOP: Could not make it 4 fo 4, but was up of the 10 day MVA on rising volume.

New Plays for Thursday:

Upside:

Play Date: 08/27/2003
APCC (American Power Conversion--$17.54; -0.12; optionable): Back up power systems
http://biz.yahoo.com/p/a/apcc.html
STATUS: Testing the breakout. APCC was working through a 8 month flat base when the blackout hit. That broke the stock up and out of the base as it was perceived there would be greater demand for backup power. The stock gapped higher, but has now come back to test breakout, tapping the 18 day MVA (17.29) on the Wednesday low and rebounding. It has now filled that gap on the breakout, a good point to start the next move. It was in a good base before the news, sporting 11 to 3 accumulation (11 up weeks on rising volume to 3 down weeks on rising volume). Strong money flow and a relative strength breakout. The test back has been on low volume, and we are looking for a move back up on much stronger trade.
Volume: 1.234M Avg Volume: 1.467M
BUY POINT: $18.12 Volume=1.8M Target=$21.88 Stop=$17.25
POSITION: PWQ LW - Dec. $17.50c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/apcc.html

Play Date: 08/27/2003
MROI (MRO Software--$12.86; +0.06; optionable): Application softare
http://biz.yahoo.com/p/m/mroi.html
STATUS: Cup w/handle. MROI is working on a very nice handle to a good looking 8 month base. Accumulation in the pattern is an outstanding 8 to 1 (8 up weeks on rising volume to 1 down week on rising volume). The past week it has come back to test the 18 day MVA (12.54) on below average volume, showing a doji Wednesday that tapped the 18 day and bounced on rising volume. Money flow is outstanding, still moving higher as the stock comes back to form the handle. Everything is set, now we just look for a breakout on strong volume.
Volume: 87.596K Avg Volume: 108.772K
BUY POINT: $14.03 Volume=163K Target=$16.85 Stop=$12.94
POSITION: UPJ LV - Dec. $12.50c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/mroi.html

Play Date: 08/27/2003
TQNT (Triquent Semiconductor--$5.02; +0.4; optionable): Semiconductor integraged circuits
http://biz.yahoo.com/p/t/tqnt.html
STATUS: Ascending triangle. TQNT is working through a 3 month base that is using the 50 day MVA (4.44) as support from some rising lows as it builds pressure below 5.10. Accumulation in the base is excellent at 6 to 0. We saw with CRDS how explosive these patterns can be. Looking for a strong breakout here as well. It looks to be getting ready as volume surged well above average Wednesday as it moved up to the breakout point.
Volume: 2.444M Avg Volume: 1.565M
BUY POINT: $5.15 Volume=2.2M Target=$6.44 Stop=$4.68
POSITION: TQN KA - Nov. $5c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/tqnt.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

GTRC 08/09 Test 18 31.85 +1.15 33.06 41 908K 700K 31.75
Buy Not Issued. Bounced off the simple 50 day MVA to close just above the 10 day MVA on higher volume. This is how a test of the 50 day MVA should turn out. It tried to clear the short term MVA but fell back. Looking for a move over 32 that holds to enter new positions.

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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