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Begin part 3 of 3

THE PLAYS

Good movers Tuesday: EBAY; IVIL; NANO; NANX; PAL; PTNR; TGA; LNCR

Monday nigh play results:

AVAN: Continued the move higher but very volatile session with a wide trading range.
BRKT: Continued moving higher on strong trade but another stock that was quie volatiile. Looking for a more definitive break higher.
ISSI: Turned over and sold on strong volume.

New Plays for Wednesday:

Upside:

Play Date: 01/13/2004
ARQL (Arqule--$5.5; -0.08; no options): Drugs
http://biz.yahoo.com/p/a/arql.html
STATUS: Cup w/handle. Forming the handle to its 13 week base, coming back to tap the 10 day MVA (5.36) on the Tuesday low and then rebounding to cut its losses. Accumulation in the base is a strong 4 to 1 (4 up price weeks on rising volume to 1 down price week on rising volume). Money flow is outstanding, still ahead of price even as it pulls back. It may snug up a big closer to the 10 day before starting to rebound. We anticipate this sector will perform a bit better as the techs make their pullback.
Volume: 272.54K Avg Volume: 174.727K
BUY POINT: $5.89 Volume=262K Target=$7.12 Stop=$5.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/arql.html

Play Date: 01/13/2004
CORI (Corillian Corp.--$6.54; +0.59; no options): Internet service providers
http://biz.yahoo.com/p/c/cori.html
STATUS: Double bottom w/handle. CORI is making the breakout move from its 11 week base that formed over the 50 day MVA (5.74). A base that holds that level when it forms indicates that big money is stepping in to support the stock. Accumulation is an excellent 4 to 1 (4 up weeks on rising volume to 1 down week on rising volume), another sign of big money support. Money flow is jumping up ahead of the stock. CORI jumped up off th e18 day MVA Tuesday on strong volume, turning in an excellent move in a selling market. A good point to enter as it is still just over the 50 day MVA, but we want to see the move to continue on volume.
Volume: 826.809K Avg Volume: 831.466K
BUY POINT: $6.68 Volume=1.2M Target=$8 Stop=$6.21
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/cori.html

Downside:

Play Date: 01/13/2004
FLO (Flowers Foods--$24.91; -0.27; optionable): Packaged foods
http://biz.yahoo.com/p/f/flo.html
STATUS: Put. Must not like the cooking. FLO made a broad umbrella top in December and then fell through the 50 day MVA (25.46) last Wednesday on a big volume spike. It makde a weak test and the plunged Friday on another strong volume spike. Monday it was creeping back up, on low volume and then gave way again Tuesday on rising trade. This is a failed test of the breakdown through the 50 day MVA (or a successful test if you are looking for it to move downside). We are looking to open positions to the downside on a continued move lower on rising volume.
Volume: 107.9K Avg Volume: 120.09K
BUY POINT: $24.78 Volume=130K Target=$22.78 Stop=$25.48
POSITION: FLO PE - Apr. $25p (-45 delta)
http://www.investmenthouse.com/cd/flo.html

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.

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

COH: Broke the 50 day MVA on volume. It has a day to recover.

XMSR: Nice test of the 10 day MVA, coming back on low volume. Might get another bounce here but notice how the moves are getting more and more volatile as the rally has extended. It will need a deeper pullback before too long to set up again after this nice run.

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. We are including 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.

Downside:

LENS: In a steady downtrend since peaking in early November, LENS broke the 200 day MVA last week, recovered it, and then in a sign of true weakness fell back through Tuesday on a sharp volume increase. Looks ready to roll down to test some support at 7.

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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