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Begin part 3 of 3

THE PLAYS

Good movers Tuesday: C; CNMD; LIFC; MTIC; PKZ; RATE; SNCI

Monday nigh play results:
ACTG: Still holding in a tight range at the 50 day MVA.
C: Another nice volume move.
CPTV: Went nowhere on lower trade, holding the Monday move. Will see if it can continue form here.

New plays for Wednesday:

Upside:

Play Date: 03/30/2004
AKS (AK Steel Holding--$5.78; +0.46; optionable): Steel and iron
http://biz.yahoo.com/p/a/aks.html
STATUS: Flat base. Volume is jumping as AKS starts the breakout move from its 13 week base that formed over the 50 day MVA (4.94). Holding that key support as it takes a breather and forms a new base shows solid support for the stock. In addition, accumulation is positive at 3 to 2 (3 up price weeks on rising volume to 2 down price weeks on rising volume). That also shows money was moving into the stock as it took a breather. Excellent money flow and relative strength making the breakout as well, a very good indication of the move. Looking for a continued strong move on solid trade to move in.
Volume: 2.166M Avg Volume: 1.35M
BUY POINT: $5.88 Volume=2M Target=$7.12 Stop=$5.47
POSITION: AKS FA - June $5c (74 delta) &/or Stock
http://www.investmenthouse.com/cd/aks.html

Play Date: 03/30/2004
FMDAY (Futuremedia--$1.91; +0.20; no options): Multimedia graphics software
http://biz.yahoo.com/p/f/fmday.html
STATUS: Ascending triangle. This is a short pattern that tends to form in uptrending markets with strong stocks. Price is low but a lot of volume and a strong move late 2003 and this year. This is a 4 week pattern has worked up the 10 day MVA (1.65) on mostly lower volume, but showing some solid volume spikes on up sessions ('get ready' spikes). Tuesday FMDAY was blasting higher out of the base. Accumulation is solid at 2 to 0 (2 up price weeks on rising volume to 0 down price weeks on rising volume), indicating that money moved into this stock even as it moved laterally. Excellent money flow and a relative strength breakout. Solid move underway again.
Volume: 15.184M Avg Volume: 8.273M
BUY POINT: $1.96 Volume=12M Target=$2.55 Stop=$1.77
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/fmday.html

Downside:

Play Date: 03/30/2004
^DJX (1/100 DJ-30--$103.82; +0.52; optionable)
http://biz.yahoo.com/p/d/^djx.html
STATUS: Put. After a lower and lower volume rise up to the exponential 50 day MVA (103.59) DJX is getting setting up to fall. It may make it up to the simple 50 day MVA (104.73), but we are going to be ready for it if it stalls out here and starts lower.
Volume: 1.3M Avg Volume: 1.5M
BUY POINT: $103.55 Volume=1.5M Target=$100 Stop=$104.12
POSITION: DJV QA - May $105p (-65 delta)
http://www.investmenthouse.com/cd/^djx.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

AVID: Tapping at the 200 day MVA on low volume, looking ready to roll over.

COH: Like the nice tap at the 18 day MVA and bouncing back. Now need to see some volume.

XMSR: Still working nicely. Breaking out of the handle but no volume, however.

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:

ILA: This is a nice pattern, a 10 week triangle over the 50 day MVA with solid 3 to 1 accumulation. Looks very good.

AVAN: A steep drop this year took it below the 200 day MVA. It has rallied back to break just over that level, volume rising as it did. Money flow is shooting higher. It could run from here but it really needs a better base to form.

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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