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Begin part 3 of 3

THE PLAYS

Good movers Wednesday: BDY; CYPB; EBAY; EGOV; MRVC; PDYN; SWIR; TLCV; TTP; WINS

Tuesday night play results: Big day.
TTP: Big break higher on huge trade.
WINS: Another heavy volume breakout.
TLCV: And yet another.

New Plays for Thursday:

Upside:

Play Date: 10/08/2003
ONNN (On Semiconductor--$4.3; +0.05; no options): Semiconductors
http://biz.yahoo.com/p/o/onnn.html
STATUS: 50 day MVA test. ONNN made us some good money before, and it has come back to test the 50 day MVA (4.12), typically a good place to pick up a strong stock. Wednesday it tested below the 50 day and then recovered on a very strong shot of volume as it showed a doji. After a pullback (has fallen from 6) that can indicate a change in direction. With the volume that is a good signal. Money flow has started to jump up ahead of the price. If it can break over the recent highs on continued strong volume we will move in. The pattern is interesting as ONNN broke out in May and rallied into early September. It spiked higher and reversed on huge volume and then started the fall to the 50 day. That has the look of a blow off top where the stock basically shoots all of its ammunition, runs out of gas, and collapses. It has held key support, however, and on a further strong volume move we will give it a shot to make us some more money.
Volume: 3.047M Avg Volume: 1.136M
BUY POINT: $4.58 Volume=1.7M Target=$5.75 Stop=$4.22
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/onnn.html

Play Date: 10/08/2003
LCCI (LCC Intl.--$5.8; +0.01; no options): Telecom wireless communications
http://biz.yahoo.com/p/l/lcci.html
STATUS: Cup w/handle. LCCI is working on the handle of a short 6 week base that has formed over the 50 day MVA (4.82), using that level as support at the bottom of the pattern. Accumulation in the short base is a solid 2 to 0 (2 up price weeks on rising volume to 0 donw price weeks on rising volume). Excellent money flow and relative strength as the stock works over the 10 day MVA (5.44). Very nice base and just being patient to let it breakout on strong volume.
Volume: 26.1K Avg Volume: 74.136K
BUY POINT: $6.08 Volume=111K Target=$7.62 Stop=$5.38
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/lcci.html

Continuing that look solid: ORCC; EGOV; NYB; ORCC

Play Date: 09/29/2003
PDYN (Paradyne Networks--$2.6; +0.13; no options): Telecom equipment
http://biz.yahoo.com/p/p/pdyn.html
STATUS: Testing the breakout. PDYN broke from its 4 month double bottom with handle pattern to end September. It came back to test that move, holding at the 18 day MVA (2.40) and the high in the handle. Wednesday it started higher on a strong shot of above average volume. Looks ready to resume the move, led by strong money flow.
Volume: 295.929K Avg Volume: 200.545K
BUY POINT: $2.55 Volume=450K Target=$3.24 Stop=$2.38
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/pdyn.html

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SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they set up well. Right now they are not performing too well with the exception of AVID.

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

Not much change in status.

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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.

top stock pick
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