stock recommendation, stock option

Begin part 2 of 2

THE PLAYS

Good movers Thursday: ARIA; CRA; CVM; DRIV; ENDP; FLSH; GRIC; RHAT

NEW PLAYS:

Upside:

Play Date: 10/02/2003
TWAV (Therma-Wave--$3.35; -0.11; no options): Scientific & technical instruments
http://biz.yahoo.com/p/t/twav.html
STATUS: Testing the breakout. And yet another breakout test. TWAV broke from a 3 month cup with handle base in mid-September and rallied sharply to 4. It peaked there and then started to move laterally and slighly lower on below average volume. Very good action as TWAV holds the 10 day MVA (3.35) on the intraday lows as it trades on very low, below average volume. Accumulation in the base is an outstanding 4 to 1 (4 up weeks on rising volume to 1 down week on rising volume). Super money flow and a relative strength breakout. On these plays we simply wait for the rebound on rising volume and then we move in. Loke them because they 'prove up' the breakout from the base as buyers rush back in to take advantage of the buying opportunity on the pullback.
Volume: 386.515K Avg Volume: 497.409K
BUY POINT: $3.65 Volume=600K Target=$4.75 Stop=$3.32
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/twav.html

Downside:

Play Date: 10/02/2003
AVY (Avery Dennison--$52.40; +0.12; optionable): Paper & paper products
http://biz.yahoo.com/p/a/avy.html
STATUS: Put. AVY plowed through the 50 day MVA (52.83) two weeks back and tumbled to 48. The past week it has rebounded on above average but still lower volume until it showed a doji Thursday right below the 50 day. After a recovery, such a candlestick pattern at resistance can indicate a turn back down. On top of that the stock is in a continuing downtrend that started back in May of 2002. It has tumbled down time and again on this downtrend, and is now approaching the trendline at 54. The doji at the 50 day indicates it is ready to roll back down, but want to see strong volume.
Volume: 865.4K Avg Volume: 619.59K
BUY POINT: $52.04 Volume=1M Target=$49 Stop=$52.88
POSITION: AVY WK - Nov. $55p (-69 delta)
http://www.investmenthouse.com/ct/avy.html

CONTINUING PLAYS:

Upside:

Play Date: 10/01/2003
CRA (Applera--$12.25; +0.62; optionable): Scientific & technical
http://biz.yahoo.com/p/c/cra.html
STATUS: Reverse head and shoulders. Solid move up in the right shoulder Thursday on lower but still solid, above average volume. CRA is moving toward the breakout from its 4 month base. Accumiulation is a strong 5 to 2 (5 up weeks on rising volume to 2 down weeks on rising volume) with strong money flow to boot.
Volume: 594.3K Avg Volume: 488.636K
BUY POINT: $12.68 Volume=731K Target=$15.25 Stop=$11.72
POSITION: CRA AV - Jan. $12.50c (40 delta) &/or Stock
http://www.investmenthouse.com/ct/cra.html

Downside:

Play Date: 10/01/2003
PIXR (Pixar--$68.26; -0.04; optionable): Animated movies
http://biz.yahoo.com/p/p/pixr.html
STATUS: Put. After plunging through the 50 day MVA (68.62) last week, PIXR has rallied back to test that level on lower and lower volume. Thursday it showed a very tight doji below the 50 day on very, very light volume. This is a classic sign of a further fall coming as fewer and fewer buyers bought into the stock as it rallied. Now it looks ready to rollover, and on a turn backon rising volume is where we enter.
Volume: 181.442K Avg Volume: 523.863K
BUY POINT: $67.45 Volume=750K Target=$63.75 Stop=$68.82
POSITION: PQJ WN - Nov. $70p (-59 delta)
http://www.investmenthouse.com/ct/pixr.html

WATCHLIST/ CONTINUING:

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.

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

^SOXX 09/30 Put 429.79 +2.64 423.48 398 587K 0 423.75
Buy Not Hit. Relief bounce off the 50 day MVA and tapped the 18 day MVA at the day's high to roll over. Will see if it breaks the 50 day.

ACN 09/24 Test 50 22.68 +0.41 22.62 27.15 3.1M 3.4M 21.04
Current.

ARIA 09/11 Test BO 6.84 +0.33 5.08 6.28 779K 600K 5.48
Current.

ARTC 09/13 Test BO 19.15 +0.4 19.88 23.88 170K 210K 18.82
Buy Not Issued.

ATMI 09/24 Put 25.63 +0.11 25.35 23 357K 488K 26.71
Current.

AVO 09/25 Cup hdl 18.61 +0.31 18.48 22.22 233K 1M 17.45
Buy Not Issued.

BKHM 09/13 Cup hdl 2.31 -0.03 1.94 2.62 1.7M 825K 2.15
Current.

CELL 07/21 Cup hdl 32.8 +1.65 19.25 23.25 930K 225K 30.35
Current.

CMVT 09/25 Put 16.27 +1.26 15.15 13.05 7.5M 3M 15.85
Exited. Gapped over the 50 day on volume. Was selling off late
and could drop further on Friday open if jobs disappoint,
so still may get a deeper test of the break over the
50 day.

COH 09/30 Dbl Top 28.42 +0.01 53.96 50 759K 850K 54.88
Buy Not Hit.

CRA 10/01 Rv H&S 12.25 +0.62 12.68 15.25 591K 731K 11.72
Buy Not Hit.

CTAS 09/29 Dbl Top 38.31 -0.33 37.1 35 933K 1.1M 38.38
Current.

CVM 09/29 Cup hdl 1.18 +0.22 1.17 1.56 4.1M 900K 1.01
Current.

CY 09/22 FlyPlat 18.78 +0.66 19.05 22.86 4.7M 3.8M 17.78
Buy Not Issued.

CYMI 10/01 Put 40.19 +0.38 40.94 36.75 2.2M 2.1M 42.38
Buy Not Issued. Dipped lower but recovered to show a doji, so may get
the rebound to test the 50 day before resuming fall.

DRIV 08/25 Cup hdl 28.97 +2.11 25.75 30.25 681K 1.7M 25.44
Current.

DRIV 08/06 Test 50 28.97 +2.11 24.18 27.48 681K 1.7M 25.44
Current.

EASY 09/22 Cup hdl 1.71 -0.01 2.14 2.74 312K 2M 1.96
Buy Not Issued.

EFII 09/15 FlyPlat 23.7 +0.12 24.25 29.15 381K 677K 23.55
Current.

EMBT 07/26 Cup hdl 9.93 -0.06 9.33 11.12 36K 400K 9.54
Current.

ENDP 09/27 Test BO 22.59 +0.75 21.75 27 1.5M 1.3M 20.23
Current.

FLSH 09/16 Test 50 17.05 +1.32 16.85 19.75 464K 300K 15.34
Current.

GENZ 09/24 Put 48.4 +0.9 46.96 43 2.8M 3.5M 48
Buy Not Issued.

GLDN 08/25 Test BO 28.83 +0.4 30.55 36.55 54K 200K 29.36
Buy Not Issued.

GLDN 08/19 Test BO 28.83 +0.4 30.4 36.48 54K 200K 28.48
Current.

GRIC 09/22 Test BO 7.66 +0.68 8.18 10 852K 872K 6.87
Current.

GRIC 09/17 Flat 7.66 +0.68 7.44 9.25 852K 812K 6.87
Current.

HDTV 08/21 Cup hdl 5.11 +0.01 4.12 5.12 403K 125K 4.24
Current.

IFLO 09/22 Test BO 10.96 +0.51 11.06 13.26 91K 375K 10.26
Buy Not Issued.

IFLO 09/09 Flat 10.96 +0.51 9.62 11.52 91K 426K 9.72
Current.

INSP 09/06 Rv H&S 21 +0.5 18 21.55 236K 600K 19.84
Current.

INTL 09/27 Dbl Top 25.91 +1.43 24.74 22.05 197K 310K 25.35
Buy Not Hit.

INTV 09/29 Test BO 9 +0.05 9.38 11.28 191K 457K 8.68
Buy Not Issued.

IRM 09/10 Put 36.4 +0.1 34.55 32 279K 500K 35.55
Current.

KOMG 09/08 Test BO 17.74 +0.34 16.95 20.45 789K 332K 15.48
Current.

LF 08/20 Cup hdl 40.2 +0.7 35.34 42 379K 845K 37.77
Current.

MATK 09/09 A Wedge 54.43 +2.16 52.25 59.85 318K 799K 49.64
Current.

MERQ 08/27 Cup hdl 48.09 +0.49 45.76 53.95 4.1M 4.5M 44.79
Current.

MTCH 09/20 A Wedge 4.8 -0.1 4.78 5.98 21K 127K 4.35
Buy Not Hit.

MTIC 09/30 Test BO 1.73 +0.07 1.83 2.28 86K 250K 1.58
Buy Not Hit.

NUE 09/17 Dbl Top 46.75 +0.22 47.32 44.74 319K 700K 46.04
Current.

NUFO 09/29 Cup hdl 4.69 +0.04 4.71 5.85 933K 1.2M 4.32
Buy Not Issued.

OPLK 09/27 Test BO 2.69 -0.01 2.62 3.28 2.1M 978K 2.22
Current.

OPSW 08/30 DB hdl 7.04 -0.1 7 8.75 988K 1M 7.54
Current.

PIXR 10/01 Put 68.26 -0.04 67.45 63.75 180K 750K 68.82
Buy Not Hit.

PLT 09/27 Put 24.31 -0.14 23.95 21.65 253K 300K 24.82
Current.

PPHM 09/20 Cup hdl 2.13 +0.05 2.24 2.95 976K 2.5M 1.94
Current.

PRSF 09/22 Test BO 2.13 0 3.48 4.35 976K 2.4M 3.15
Buy Not Hit.

PRSF 09/13 A Wedge 2.13 0 3.16 4.12 976K 2.8M 2.77
Current.

PTEK 08/26 Cup hdl 8.33 -0.05 6.74 8.65 1.5M 276K 7.72
Current.

RBK 09/24 DB hdl 34.41 +0.12 34.46 41.35 442K 1.1M 33.22
Buy Not Issued.

RHAT 09/18 Cup hdl 10.56 +0.51 10.03 12.22 4M 2.8M 9.33
Current.

RNDC 09/23 Cup hdl 2.81 -0.04 3.23 4.04 298K 559K 2.92
Current.

SNUS 09/20 Cup hdl 4.9 -0.05 5.62 6.75 43K 90K 5.16
Current.

SNUS 09/04 Cup hdl 4.9 -0.05 4.94 6.12 43K 90K 5.16
Current.

STCR 09/27 Test 50 31.16 -1.28 34.95 40.15 157K 121K 32.5
Exited.

TGEN 09/22 Flat 2.78 +0.03 3 4.18 505K 1.6M 2.45
Current.

TMWD 10/01 Test 18 5.65 +0.22 5.82 7.28 752K 627K 5.37
Buy Not Issued. Looked solid but fell late back below the buy point.
Still looks solid.

TPTH 09/16 Cup hdl 8.9 +0.16 8.37 10.18 179K 261K 7.72
Current.

TTWO 10/01 Test BO 36.09 +0.49 36.25 43 682K 1.6M 34.38
Current. Edged in w/some positions after good volume move Wednesday.
Will take more on a further move on stronger trade.

TZA 07/31 Cup hdl 7.6 -0.23 7.1 8.72 994K 579K 6.97
Current.

UTSI 09/23 Put 34.26 +2.35 34.88 31.78 14M 5M 37.18

ZGEN 09/03 Cup 15.09 +0.09 16.62 19.95 86K 100K 15.46
Buy Not Issued.

Good Investing!
Jon L. Johnson and your Technical Traders Report 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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