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Begin part 3 of 3

THE PLAYS

Good movers Wednesday: IVIL; SHM

Tuesday night play results:
MLNM: Still holding the pattern on low volume in a selling market.
OMCL: Nice volume break higher continues.
HAR: Started lower below the 50 day MVA but managed to recover much of the loss. Still weak.

New plays for Thursday:

Upside:

Play Date: 02/04/2004
SNIC (Sonic Solutions--$20.25; -0.85; optionable): Business software
http://biz.yahoo.com/p/s/snic.html
STATUS: Testing the breakout. SNIC is holding over the 10 day MVA (19.95) after breaking out from a 14 week base sporting excellent 5 to 1 accumulation and money flow rallying ahead of price. Volume has surged the past two sessions as SNIC trotted out some nice earnings. But for the market selling it would be racing ahead. Looking for it to make the move as the selling sentiment cools off, but we want to see the volume.
Volume: 1.561M Avg Volume: 538.318K
BUY POINT: $21.32 Volume=807K Target=$25.58 Stop=$19.72
POSITION: QNI ED - May $20c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/snic.html

Downside:

Play Date: 02/04/2004
^OEX (OEX Options--$558.87; -4.49; optionable)
http://biz.yahoo.com/p/^/^oex.html
STATUS: Put. Starting to fade below the 18 day MVA (560.77) on rising, above average volume after a week long lateral move. It is a tight play, but plenty of room down to the simple 50 day MVA (545) to make a solid 40+%.
Volume: 1.62M Avg Volume: 1.35M
BUY POINT: $558.76 Volume=1.3M Target=$546 Stop=$561
POSITION: OEB OL - Mar. $560p (-49 delta)
http://www.investmenthouse.com/cd/^oex.html

Play Date: 02/04/2004
CYPB (Cypress Biosciences--$11.80; 0.00; no options): Biotechnology
http://biz.yahoo.com/p/c/cypb.html
STATUS: Short sale. A nice surge from May to June has slipped into a consolidation that does not appear to have found its floor. Money flow is through the floor and the stock has been selling on higher volume than the up days. After bouncing down from the 50 day MVA (12.91) to end January, CYPB has made a lower volume rebound to test the 10 day MVA (12.07). Wednesday CYPB showed a tight doji at that level on low volume. That is often an indication it is going to roll back down once more.
Volume: 240.962K Avg Volume: 422.636K
BUY POINT: $11.55 Volume=634K Target=$9 Stop=$12.12
POSITION: - Short sale (no option chain)
http://www.investmenthouse.com/cd/cypb.html

Continuing plays:

Play Date: 01/31/2004
JNPR (Juniper Networks--$28.17; -0.06; optionable): Networking
http://biz.yahoo.com/p/j/jnpr.html
STATUS: Testing breakout. Despite the CSCO news and the selling, JNPR held up well. It gapped lower, but then rallied on stronger volume to close basically flat and holding the 10 day MVA (28.05). That is a sign of true strength. Once this selling abates we expect JNPR to resume its move, but want to see the volume.
Volume: 17.571M Avg Volume: 10.571M
BUY POINT: $29.48 Volume=15M Target=$35.45 Stop=$27.48
POSITION: JUX GF - July $30c (50 delta) &/or Stock
http://www.investmenthouse.com/cd/jnpr.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 perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.

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

COH: Back over the 50 day MVA on rising trade. Could be a good double bottom forming here with a breakout over 39.

SUBSCRIBER WATCHLIST

We continually receive ideas for potential plays from subscribers. Many times they are already on our watchlists, other times not. We always take a look and sometimes find a gem or two, or more. We don't necessarily endorse these, but want to provide a forum for subscribers with ideas that may appeal to other subscribers. We may just put on the ticker or we might describe our thoughts as to why or why not we think it is a buy or sell. This is a way we can all learn a bit more and maybe find a few more candidates to make us some good money.

BMET: Continuing a strong move higher on strong money flow and volume.

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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