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Begin part 3 of 3

THE PLAYS

Good movers Monday: OEX; ALTI; AMXC; CPHD; CYD; EVCI; NANO; OBAS; TRFX; TRPH; TTEC

Best Plays:

1) AMKR: Making a strong volume breakout.
2) MAXM: On the verge of the breakout as volume edges higher.
3) NUAN: Another strong breakout underway.
4) EVCI: Volume is surging as it readies for the next move.
5) FALC: Volume is jumping as FALC rises off the 18 day MVA.
6) TRFX: Nice volume as it starts the next move.

NEW PLAYS:

Upside:

Play Date: 12/01/2003
AMKR (Amkor Technology--$21; +1.48; optionable): Semiconductor, integrated circuit
http://biz.yahoo.com/p/a/amkr.html
STATUS: Flat base breakout. AMKR has moved through a 5 month trading range between 14 and 20, making the breakout move from that range Monday on surging, above average volume. Excellent 8 to 3 accumulation in the 5 month pattern (8 up price weeks on rising volume to 3 down price weeks on rising volume). Relative strength broke out on the move, a good indication the move has strong support. Making a strong volume breakout and looking to move in on a further solid volume gain.
Volume: 3.465M Avg Volume: 1.626M
BUY POINT: $21.12 Volume=2.4M Target=$25.35 Stop=$19.41
POSITION: QEL CD - Mar. $20c (63 delta) &/or Stock
http://www.investmenthouse.com/ct/amkr.html

Play Date: 12/01/2003
BWC (Belden--$20.37; +0.67; no options): Industrial electrical equipment
http://biz.yahoo.com/p/b/bwc.html
STATUS: Reverse head and shoulders. BWC is trying to make the breakout move from a 14 week base, moving off the 50 day MVA (18.60) the past week. Volume was stronger, but still well below average; it will need more volume as it continues. Accumulation in the base is a strong 4 to 1. Money flow is strong, following the stock on this breakout. It is a good base, having formed while holding the 50 day MVA on its lows. That is a sign of big money supporting the stock at that important level, using the two tests of that support to accumulate positions. This base comes on the heels of the breakout from a 9 month cup with handle. These base on base patterns often deliver up stronger moves. Again, BWC just needs more volume on the breakout move.
Volume: 45.6K Avg Volume: 104.045K
BUY POINT: $20.52 Volume=155K Target=$24.65 Stop=$19.32
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/bwc.html

Play Date: 12/01/2003
MAXM (Maxim Pharmaceuticals--$7.56; +0.44; no options): Drugs
http://biz.yahoo.com/p/m/maxm.html
STATUS: Reverse head and shoulders. Monday MAXM was moving toward a breakout from its 3 month base. Volume was higher, moving toward average as it made the move up off an 18 day MVA (7.06) test, a good place for it to hold as it formed the right 'shoulder' to the base. Solid 3 to 1 accumulation in the pattern and relative strength making the breakout. Looking for more volume on the move.
Volume: 144.141K Avg Volume: 151.59K
BUY POINT: $7.72 Volume=227K Target=$9.45 Stop=$7.18
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/maxm.html

Play Date: 12/01/2003
NUAN (Nuance Communications--$9.06; +1.09; no options): Business software
http://biz.yahoo.com/p/n/nuan.html
STATUS: Cup w/handle breakout. NUAN is making a strong volume breakout from a short, 7 week base. This is the second base off of the the six month base at the stock's bottom, the last being a 4 month flat base from June through September. Accumulation in the current base is a solid 3 to 0, and the base formed holding the 50 day MVA (7.16) on the lows. Again, that is a solid sign of big money moving into the stock at that important support level. Relative strength broke out on the Monday move, and we are looking at positions on a further volume move higher.
Volume: 1.033M Avg Volume: 232.818K
BUY POINT: $9.18 Volume=450K Target=$11.12 Stop=$8.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/nuan.html

CONTINUING PLAYS:

Upside:

Play Date: 11/06/2003
^OEX (OEX Options--$526.60; +5.86; optionable): SP100 Options
http://biz.yahoo.com/p/^/^oex.html
STATUS: Ascending triangle. OEX is making the breakout from a 10 week triangle, moving ahead on a solid volume increase. Money flow is moving up with the index. Looking for a Santa Clause rally to continue toward the target. Stepping out to the next month on the options.
BUY POINT: New: 526.85 (orig. $523.15) Volume=650K Target=$545 Stop=$518.92
POSITION: XEB AE - Jan. $525c
http://www.investmenthouse.com/ct/^oex.html

Play Date: 11/25/2003
ATML (Atmel--$6.85; +0.12; optionable): Chip equipment
http://biz.yahoo.com/p/a/atml.html
STATUS: Ascending triangle. Trying to make the break from a short three week triangle that has formed as the second 18 day MVA test of a 9 month cup with handle base that broke out in August. Volume was up Monday as ATML gapped higher but could go no further, showing a tight doji. Need to see it extend the break higher on some above average volume.
Volume: 7.691M Avg Volume: 9.7M
BUY POINT: New: $6.95 (orig. $6.78) Volume=11M Target=$8.48 Stop=$6.29
POSITION: AQT BA - Feb. $5c (89 delta) &/or Stock
http://www.investmenthouse.com/ct/atml.html

Play Date: 10/06/2003
EMBT (Embarcadero Technologies--$14.50; +0.14; optionable): Business software
http://biz.yahoo.com/p/e/embt.html
STATUS: Test 18 day MVA. Volume has been jumping a bit the past week as EMBT moves along the 18 day MVA (14.37). It is preparing for the next break higher after a good run to 16. Just being patieng and letting it make the next move on some better, above average volume..
Volume: 207.139K Avg Volume: 304.772K
BUY POINT: New: 14.88 (orig. $11.24) Volume=350K Target=$17.88 Stop=$14.27
POSITION: MBQ BB - Feb. $15c (54 delta) &/or Stock
http://www.investmenthouse.com/ct/embt.html

Play Date: 10/20/2003
EVCI (EVCI Career Colleges--$5.55; +0.21; no options): Education and training
http://biz.yahoo.com/p/e/evci.html
STATUS: Breakout test. After breaking from a 5 month base in October, EVCI has bounced up the 18 day MVA. It is now making its second test of that level, moving laterally the past 2 weeks on lower, below average volume. That is just as a breakout test should be. Monday volume jumped above average as EVCI moved up to the top of its recent range (5.65ish). Looks ready to make the next move. We just want to see it break the range on continued strong volume.
Volume: 219.823K Avg Volume: 135.09K
BUY POINT: New: $5.75 (orig. $3.40) Volume=125K Target=New: 6.95 (orig. positions $4.38) Stop=$5.05
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/evci.html

Play Date: 10/30/2003
FALC (Falconstar Software--$8.20; +0.25; optionable): PC data storage devices
http://biz.yahoo.com/p/f/falc.html
STATUS: Breakout test. After surging out of its 4 month base in late October and peaing at 8.50, FALC has come back the past three weeks to test the move, holding the 18 day MVA (7.96) on the lows. Monday it was jumping off that level on rising, above average volume. It is ready to continue the move higher.
Volume: 282.061K Avg Volume: 184.181K
BUY POINT: New: 8.38 (orig $8.04) Volume=230K Target=$9.65 Stop=$7.81
POSITION: XMQ BU - Feb. $7.50c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/falc.html

Play Date: 11/18/2003
SQNM (Sequenom--$3.58; -0.03; no options): Biotechnology
http://biz.yahoo.com/p/s/sqnm.html
STATUS: cup w/handle. SQNM continues to work in the handle to its 12 week base, holding over the 50 day MVA (3.37), tapping at the level on the intraday lows and snapping back up. Monday volume was edging higher as the range narrowed; SQNM is getting ready for the move. Excellent money flow continues to move up ahead of the stock price. Need to see some strong volume on the rush through the buy point.
Volume: 216.147K Avg Volume: 373.818K
BUY POINT: $3.88 Volume=561K Target=$4.95 Stop=$3.58
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/sqnm.html

Play Date: 10/27/2003
TEO (Telecom Argentina--$7.88; +0.03; no options): Foreign telecom services
http://biz.yahoo.com/p/t/teo.html
STATUS: Testing the breakout. Continues to test the 18 day MVA (7.88), holding up after the breakout from its 4 month cup with handle base in late October. Monday the volume jumped higher as TEO showed a tight doji at the 18 day. Just waiting for the next breakaway move to the upside to step into new positions.
Volume: 356.7K Avg Volume: 386.136K
BUY POINT: New: $8.24 (orig. $7.26) Volume=511K Target=$9 Stop=$7.76
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/teo.html

Play Date: 11/19/2003
TQNT (Triquent Semiconductor--$8.15; +0.01; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/t/tqnt.html
STATUS: Testing the breakout. Still working laterally over the 18 day MVA (7.95) after breakign out from a 10 month base in September. Volume has been mostly lower as it has made this three week lateral move. Being patient and letting it show is the high volume brek from this recent range to show that the breakout is still on.
Volume: 2.099M Avg Volume: 2.393M
BUY POINT: New: 8.55 (orig. $8.04) Volume=3M Target=$10.25 Stop=$7.68
POSITION: TQN BU - Feb. $7.50c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/tqnt.html

Play Date: 11/19/2003
TRFX (Traffix--$5.15; +0.15; no options): Online database marketing
http://biz.yahoo.com/p/t/trfx.html
STATUS: Breakout test. TRFX is making its second test of the breakout, using the 18 day MVA (4.81) again as support. It moved laterally on lower, below average volume the past two weeks and then started higher Monday on a shot of rising, above average volume. Looks ready for the next leg, and we if we get the good volume move we will look at adding positions as it makes the move.
Volume: 136.925K Avg Volume: 80K
BUY POINT: New: 5.32 (orig. $5.19) Volume=135K Target=$6.54 Stop=$4.83
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/trfx.html

Play Date: 11/15/2003
ZILA (Zila--$4.09; +0.11; no options): Drug products
http://biz.yahoo.com/p/z/zila.html
STATUS: Cup w/handle. The long, lateral handle over the 50 day MVA (3.71) continues as ZILA works on the breakout from its 10 week base. Solid 4 to 0 accumulation in the base with money flow moving up ahead of the price and relative strength ready to make the next breakout. Solid and looking ready for the breakout.
Volume: 95.929K Avg Volume: 136.363K
BUY POINT: $4.19 Volume=185K Target=$5.35 Stop=$3.87
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/zila.html

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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