stock recommendation, stock option

Begin part 3 of 3

THE PLAYS

Good movers Thursday: GMR (added); TGT

Wednesday night play results:
EONC: Gapped higher but then reversed and gave back the gain. Still looks good.
SMTL: Fell through the 18 day MVA. Scratch.
RIC: A very nice, tight doji over the 18 day MVA.

New Plays for Friday:

Play Date: 12/04/2003
MND (Mindspeed Technologies--$6.81; +0.03; optionable): Chip equipment
http://biz.yahoo.com/p/m/mnd.html
STATUS: Testing the breakout. A new issue back in late June, MND just broke to a new high this week form a short 4 week cup base. It has come back to test that breakout, tappign the 10 day MVA (6.62) on the Thursday low and rebounding on stronger, above average volume to show a nice, tight doji. That indicates it is ready to continue the breakout. Great money flow and a relative strength breakout to go along with the strong 4 to 1 accumulation. Looking for a bounce from here on continued solid volume.
Volume: 910K Avg Volume: 768.409K
BUY POINT: $7.06 Volume=1M Target=$8.84 Stop=$6.57
POSITION: MND DU - Apr. $7.50c (40 delta) &/or Stock
http://www.investmenthouse.com/cd/mnd.html

Play Date: 12/04/2003
AIRN (Airspan Networks--$2.9; +0.05; no options): Wireless communications
http://biz.yahoo.com/p/a/airn.html
STATUS: Testing the breakout. AIRN exploded out of a 3 month falt base on Tuesday, and has eased back the last two sessions on lower volume as the overall market was softer. It showed a doji with a long tail Thursday, reaching down near the 10 day MVA (2.66) on the low and rebounding for a slight gain. Excellent 4 to 0 accumulation in the base (4 up price weeks on rising volume to 0 down price weeks on rising volume), surging money flow, and a relative strength breakout. Looking for it to continue its move higher from here.
Volume: 538.088K Avg Volume: 357.681K
BUY POINT: $3.06 Volume=537K Target=$4 Stop=$2.78
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/airn.html

Look ready for Friday: ARTX; A; OBAS (nice test); RCRC

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.

Considering injecting some fresh blood into this section. Please forward any favorites that you feel would be good, solid inserts.

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

TGT: Good same store sales, and it is over some resistance at 40 on very strong volume.

UTSI: Nice tight doji over the 18 day MVA. It is trying to get its legs to start up the right side of its 3 month base.

SUBSCRIBER WATCHLIST

We continually receive ideas for potential plays from our subscribers. Many times they are already on our watchlists, other times not. We always take a look at them and sometimes find a few pearls. This weekend we are starting a new feature where we include some subscriber choices that could develop into plays. We are not necessarily endorsing these, but want to provide a forum for subscribers with ideas that may appeal to their portfolio. Typically we will put these on without commentary, but if we see something we really like or dislike we will point it out. That way we can maybe come up with some new plays, find some plays that may fit your style, and have another great educational tool to discuss problems or good aspects about stocks our subscribers are looking at.

QQQ: Tested the 18 day MVA on the low and rebounded on continued solid volume. Needs to clear 36 on strong volume.

YHOO: Another big name that tapped the 18 day MVA on the low and rebounded for a gain. Kind of a short reverse head and shoulders pattern. Kind of.

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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