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Begin part 3 of 3

THE PLAYS

Good moves Thursday: OMNI; PTNR

Wednesday night play results:
AWRE: Eased higher but no breakaway move.
CNMD: Could not keep the Wednesday momentum moving, selling back to the bottom of the range.
TKO: Took a breather after the strong Wednesday move.

New plays for Friday:

Upside:

Play Date: 03/18/2004
KRY (Crystellex Intl.--$3.39; +0.33; no options): Gold mining
http://biz.yahoo.com/p/k/kry.html
STATUS: Flat base. KRY is testing the break higher out of a 24 week base that formed over the 50 day MVA (2.90). Accumulation during the base is an excellent 8 to 3, showing money moving into the stock during the entire lateral move. Two weeks back it started to break out from the pattern on strong trade but it then faded back to the 18 day MVA (3.11) on very low, below average volume. That showed very few sellers during this breakout test. Thursday it vaulted off the 18 day MVA on rising, above average volume. Money flow has been strong all along, and now it is rising ahead of the stock. In addition relative strength is making the breakout as well, a good confirmation of the breakout tmove.
Volume: 1.789M Avg Volume: 759.09K
BUY POINT: $3.52 Volume=1.1M Target=$4.41 Stop=$3.24
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/kry.html

Play Date: 03/18/2004
BRCD (Brocade Communications--$7.11; +0.24; optionable): Data storage networking
http://biz.yahoo.com/p/b/brcd.html
STATUS: Cup w/handle. Trying to form up a 17 week base, coming back the past three weeks to form a low volume handle. It is holding over the 50 day MVA (6.70) as it makes the test back. Thursday it started off the 50 day on rising though still below average volume. Solid 5 to 3 accumulation is setting the foundation for the base. Need to see strong volume as it makes the breakout move.
Volume: 10.074M Avg Volume: 10.763M
BUY POINT: $7.55 Volume=16M Target=$9.12 Stop=$6.98
POSITION: BQB GJ - July $7c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/brcd.html

Downside:

Play Date: 03/18/2004
GGG (Graco--$40.5; -0.89; optionable): Machinery
http://biz.yahoo.com/p/g/ggg.html
STATUS: Put. GGG gapped through the 50 day MVA (41.12) 8 sessions back and has since made a low volume move back up to the 50 day. It tried to break over that level Wednesday and Thursday, but then rolled over as volume moved higher and closed above average. Looking for a test of the 200 day MVA (38.05) as the stock continues the move lower.
Volume: 153.7K Avg Volume: 115.5K
BUY POINT: $40.22 Volume=165K Target=$38.22 Stop=$41.38
POSITION: GGG QH - May $40p (-40 delta)
http://www.investmenthouse.com/cd/ggg.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, EBAY; GTRC, HD; KKD, LPNT, OCR, TGT, TJX; UTSI, XMSR

UTSI: Tapping the 10 day MVA on low volume as it continues the move lower in the downtrend. Looks ready to sell further.

EBAY: Working laterally over the 50 day MVA in the flat base.

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.

Upside:

NMGC: Working laterally over the 18 day MVA on low volume. Holding the break higher. May take a few more sessions to test and then want to see a big break higher on strong, above average volume.

Downside:

MERX: Tried to surge higher Wednesday but then stalled Thursday at the 10 day MVA. Need to see it fall on stronger trade to continue the 6 week downtrend.

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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