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Begin part 3 of 3

THE PLAYS

Good movers Wednesday: FLDR

Best Plays:

1) ADPT: Trying to make the breakout on some big volume.
2) HDTV: Breaking out on big volume.
3) FLDR: Making the move on strong volume.
4) MVSN: Tightening up over the 18 day MVA.
5) WMS: Testing the breakout on low volume.
6) OBAS: Lower volume test of a big breakout.
7) SQNM: Volume is moving higher as it readies for a breakout.

NEW PLAYS:

Upside:

Play Date: 12/03/2003
ADPT (Adaptec--$9.07; +0.24; optionable): PC networking and communication
http://biz.yahoo.com/p/a/adpt.html
STATUS: Double bottom. ADPT is working on the breakout from a short 7 week base that formed over the 50 day MVA (8.48) after the breakout from a 17 week reverse head and shoulders base. Wednesday is surged higher on a strong shot of volume but after hitting 9.50 it turned and gave most of the move back. We think that was more of a market thing with the pullback. Solid 7 to 4 accumulation (7 up weeks on rising volume to 4 down weeks on rising volume) and relative strength ready for the breakout. Still looks as if it can deliver the breakout despite the pullback from the Wednesday high,a dn we will look to pick it up on another move through the buy point on solid volume.
Volume: 1.663M Avg Volume: 715.181K
BUY POINT: $9.22 Volume=1.1M Target=$11.12 Stop=$8.68
POSITION: APQ DU - Apr. $7.50c (90 delta) &/or Stock
http://www.investmenthouse.com/ct/adpt.html

Play Date: 12/03/2003
HDTV (Spatialight--$6.11; +0.55; no options): High resolution microdisplays
http://biz.yahoo.com/p/h/hdtv.html
STATUS: Double bottom w/handle. HDTV is making the breakout move from its 9 week base, surging Wednesday on tremendous volume as it moved out of the handle. Excellent 4 to 1 accumulation, a relative strength breakout, and surging money flow. It has made us money before and it is set to do it again.
Volume: 2.454M Avg Volume: 286.818K
BUY POINT: $6.22 Volume=430K Target=$7.88 Stop=$5.78
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/hdtv.html

Play Date: 12/03/2003
MTMD (Microteck Medical--$4.41; -0.02; no options): Medical appliances and equipment
http://biz.yahoo.com/p/m/mtmd.html
STATUS: Cup. Another stock making a breakout move, MTMD has been trying to make the big move out of its 13 week base as volume surges well above average. Accumulation is is an outstanding 6 to 0 and money flow is strong. Relative strength is breaking out as well. The accumulation sets a great foundation for a move higher as the sellers are all gone and nothing but buyers hold the stock. Looking for it to continue the move.
Volume: 448.083K Avg Volume: 207.909K
BUY POINT: $4.52 Volume=312K Target=$5.88 Stop=$4.15
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/mtmd.html

Play Date: 12/03/2003
XING (Qiao Zing Telephone--$10.58; +2.07; optionable): Chinese telecom
http://biz.yahoo.com/p/x/xing.html
STATUS: Flat base. One of those Chinese stocks that exploded on the scene in the summer, XING went from 2 to 12 in less than 2 months. It ran out of gas and fell into the current 5 month base. It has spent the past 4.5 months moving laterally on below average volume right over 8. Volume kicked up Monday and then the stocks exploded higher Wednesday on a huge volume surge. Excellent 9 to 4 accumulation in the base. Strong move and we are looking to pick up positions on a continuation. It may just form the right side of its base, but a run up near 14 delviers a nice interim return, and then we can look at positions on the brekaout as well.
Volume: 7.972M Avg Volume: 471.454K
BUY POINT: $10.75 Volume=1M Target=$13.75 Stop=$9.94
POSITION: QAE CB - Mar. $10c (68 delta) &/or Stock
http://www.investmenthouse.com/ct/xing.html

CONTINUING PLAYS:

Upside:

Play Date: 10/25/2003
CKSW (Clicksoftware Technologies--$4.3; -0.09; no options): Internet software
http://biz.yahoo.com/p/c/cksw.html
STATUS: Test the 18 day MVA. CKSW broke out of a flat base in October and more that doubled. It has come back the past week to test the 18 day MVA (4.14), a natural point to test during a nice strong uptrend. It has faded back on lower, below average volume just as you want as that shows very few sellers. It looks as if it is going to hold that level as it is showing some loose dojis over that point. The technical indicators remain strong, showing no weakening. It may snug up a bit more to the 18 day, and then we will look for a break over the 10 day MVA (4.35) for new positions.
Volume: 347.698K Avg Volume: 372.5K
BUY POINT: New: 4.38 (orig. $3.61) Volume=300K Target=$5.25 (orig. $4.58) Stop=$4.02
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/cksw.html

Play Date: 11/25/2003
FLDR (Flanders Corp.--$6.19; +0.45; no options): Machinery
http://biz.yahoo.com/p/f/fldr.html
STATUS: Double bottom w/handle. Volume has surged as FLDR makes the breakout move from its 11 week base that formed over the 50 day MVA (5.35), a great place for a stock to base as it shows big money support. Accumulation in the base is a solid 4 to 2 (4 up weeks on rising volume to 2 down weeks on rising volume). Strong money flow and a relative strength breakout underpin a good breakout. Still a buy on this move.
Volume: 933.439K Avg Volume: 107.227K
BUY POINT: New: $6.25 (orig. $6.19) Volume=150K Target=$7.85 Stop=$5.68
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/fldr.html

Play Date: 11/24/2003
MVSN (Macrovision--$22.75; +0.04; optionable): Movie production, theaters
http://biz.yahoo.com/p/m/mvsn.html
STATUS: Cup w/handle. MVSN is tightening up very nicely over the 18 day MVA (22.54), showing nice tight dojis over that level as volume remains below average. It is working on the handle of a 19 week base, and the tightening pattern indicates it is readying for the breakout.
Volume: 405.1K Avg Volume: 535.727K
BUY POINT: $23.33 Volume=891K Target=$27.69 Stop=$22.32
POSITION: MVU DX - Apr. $22.50c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/mvsn.html

Play Date: 12/01/2003
NUAN (Nuance Communications--$8.53; -0.16; no options): Business software
http://biz.yahoo.com/p/n/nuan.html
STATUS: Cup w/handle breakout. NUAN blasted higher Monday and is now testing the breakout on lower and lower volume, holding the breakout at the Tuesday close. A nice breakout from a 7 week base that was 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 (7.27) on the lows, a solid sign of big money moving into the stock at that important support level. Relative strength broke out on the Monday move, a sign of strength in the stock. Looking for it to hold here near 8.50 and then rallying back up on rising volume.
Volume: 454.385K Avg Volume: 296.136K
BUY POINT: $9.18 Volume=450K Target=$11.12 Stop=$8.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/nuan.html

Play Date: 12/01/2003
OBAS (Optibase--$7.90; -0.35; no options): Telecommuications
http://biz.yahoo.com/p/o/obas.html
STATUS: Testing the breakout. OBAS blasted out of a 12 week flat base on Monday as volume surged. The past two days it has tested back on much lower volume as it still holds the breakout over the highs of its flat base. Strong, storng money flow and a relative strength breakout on the move show how strong the base is. Looking for OBAS to hold 7.50ish and then start back up on rising volume.
Volume: 141.878K Avg Volume: 141.045K
BUY POINT: $8.14 Volume=250K Target=$9.94 Stop=$7.49
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/obas.html

Play Date: 11/18/2003
SQNM (Sequenom--$3.52; -0.03; no options): Biotechnology
http://biz.yahoo.com/p/s/sqnm.html
STATUS: cup w/handle. A nice tight hammer doji right on the 18 day MVA (3.53) as SQNM held up very well in the Wednesday reversal, holding up in the handle of its 12 week base. Excellent money flow continues, and we are looking for the stock to follow it higher, particularly given the tightening pattern here in the handle and volume that jumped up to above average Wednesday.
Volume: 322.553K Avg Volume: 318.09K
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--$7.83; -0.07; no options): Foreign telecom services
http://biz.yahoo.com/p/t/teo.html
STATUS: Testing the breakout. Still working along the 18 day MVA (7.87) in a very tight, low volume test of the break from a 4 month cup with handle base. Money flow and relative strenght remain strong as the stock moves laterally and slightly lower. Setting up for the next move, holding up very well in the test as the market pulled back.
Volume: 120.5K Avg Volume: 385.863K
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: 11/21/2003
WMS (Williams Industries--$26.54; -0.47; optionable): Diversified electronics
http://biz.yahoo.com/p/w/wms.html
STATUS: Testing the breakout. WMS broke out of an 11 week double bottom 8 sessions back on strong volume and then moved laterally the past few days. It is coming back to test the 10 day MVA (26.37) on lower, below average volume. We are looking for it to hold this level and then start back up on rising, above average volume. Excellent relative strength and money flow.
Volume: 168.4K Avg Volume: 330.59K
BUY POINT: New: $26.62 (orig. $25.83) Volume=650K Target=$31.22 Stop=$25.25
POSITION: WMS DE - Apr. $25c (67 delta) &/or Stock
http://www.investmenthouse.com/ct/wms.html

Play Date: 11/15/2003
ZILA (Zila--$4.02; +0.02; no options): Drug products
http://biz.yahoo.com/p/z/zila.html
STATUS: Cup w/handle. Still working in the long, lateral handle over the 50 day MVA (3.73) as ZILA continues to work on the breakout from its 10 week base. Solid 4 to 0 accumulation 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: 51.418K Avg Volume: 139.227K
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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