stock ticker, stock recommendation

Begin part 3 of 3

THE PLAYS

Weekend play results:
BID: Started higher, but no volume.
GLW: Still working laterally on low trade.
TUNE: Gapped higher but could not hold the move and gave it back and then some.

New plays for Wednesday:

Upside:

Play Date: 06/01/2004
AXCA (Axcan Pharma--$19.37; +0.14; no options): Drugs
http://biz.yahoo.com/p/a/axca.html
STATUS: Cup w/handle. AXCA is forming the handle to its 14 week base, moving laterally over the 10 day EMA (18.76). Volume remained very low as it did, just what you need in the handle. Solid 4 to 2 accumulation in the pattern (4 up price weeks on rising volume to 2 down price weeks on rising volume) shows money has continued to move into the stock during the base. Excellent money flow is leading ahead of the price, and we are looking for AXCA to follow the money higher on strong volume.
Volume: 84.429K Avg Volume: 230.954K
BUY POINT: $19.64 Volume=346K Target=$23 Stop=$18.27
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/axca.html

Play Date: 06/01/2004
LSCP (Laserscope--$30.85; +2.31; optionable): Medical appliances
http://biz.yahoo.com/p/l/lscp.html
STATUS: 50 day EMA test. After an orderly 6-week pullback from a nice breakout, LSCP has come back to test the 50 day EMA (27.02). It held that level and jumped higher Tuesday on strong volume, starting to follow that strong money flow back up. The combination of 50 day EMA test, strong volume and surging money flow is an excellent combination.
Volume: 629.81K Avg Volume: 507.909K
BUY POINT: $31.12 Volume=600K Target=$37.35 Stop=$28.94
POSITION: LXQ IF - Sept. $30c (60 delta) &/or Stock
http://www.investmenthouse.com/cd/lscp.html

Play Date: 06/01/2004
SNIC (Sonic Solutions--$22.59; +1.34; optionable): Business software
http://biz.yahoo.com/p/s/snic.html
STATUS: Cup. SNIC is blasting out of a 17 week base that formed along the 50 day EMA 919.02) on very quiet trade. Strong volume the past week as it started the move and money flow leading the stock higher. Looking to start a position on a further solid volume move through the buy point. Then we wait for it to come back to test the breakout and add to positions as it bounces back up.
Volume: 882.262K Avg Volume: 338.727K
BUY POINT: $22.92 Volume=508K Target=$27 Stop=$21.32
POSITION: QNI HX - Aug. $22.50c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/snic.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.

ALDN, BRCM, CECO, COH, DNA, EBAY, GTRC, LPNT, TGT

TGT: Working on a quick 50 day EMA test ot make a higher low and set it up for the next move higher.

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:

PLMD: Moving in a 7 month base, holding over the 50 day EMA (27.85) as it does. Volume ahs backed off, and now need to see it jump up once more as it breaks higher.

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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