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Begin part 3 of 3

THE PLAYS

Weekend play results:
APCS: Volume remains strong and it looks ready to make a breakaway move.
DAB: Burst higher on strong trade but could not hold the move and gave it all back and more.
NCOG: Volume was up and NCOG looks ready to make the move.

New plays for Tuesday:

Upside:

Play Date: 06/07/2004
AME (Ametek--$27.87; +0.72; optionable): Electronic instruments & electric motors
http://biz.yahoo.com/p/a/ame.html
STATUS: Cup w/handle. A post-split and a leader. AME split in March, rallied to 29, and then fell into the current 7 week base. Accumulation in the pattern is a solid 2 to 0 (2 up price weeks on rising volume to 0 down price weeks on rising volume), showing us that money has moved into the stock during the pattern. It also formed over the 50 day EMA (26.32), a level that should act as support for a strong stock. It is ready to make a breakout to a new all-time high here, following surging money flow higher.
Volume: 157.1K Avg Volume: 225.818K
BUY POINT: $28.05 Volume=300K Target=$32.25 Stop=$26.62
POSITION: AME IY - Sept. $27.50c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/ame.html

Play Date: 06/07/2004
ISON (Isonics--$1.76; +0.01; no options): Specialty chemicals for chips, energy, medical research, etc.
http://biz.yahoo.com/p/i/ison.html
STATUS: Ascending triangle. Coming back to the 18 day EMA (1.67) on very low, below average volume as it looks ready to make the last higher low in its 8 week base sporting solid 2 to 0 accumulation. It is holding over the 18 day EMA (1.67) on this pullback as money flow moves higher ahead of price. This is a base on base pattern, having just broken out from 19 week cup base. Looks ready for the next move.
Volume: 283.028K Avg Volume: 879.09K
BUY POINT: $1.95 Volume=1.2M Target=$2.48 Stop=$1.78
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/ison.html

Play Date: 06/07/2004
SLE (Sara Lee--$23.24; +0.25; optionable): Nobody doesn't like Sara Lee
http://biz.yahoo.com/p/s/sle.html
STATUS: Cup w/handle. SLE is moving laterally over the 50 day EMA (22.70) the past6 weeks on mostly below average volume, forming the handle to a big 20 month base. Accumulation in the handle is a solid 3 to 0 and money flow is starting to really rally higher ahead of price. A long time coming, but a nice base and it looks ready to make the breakout. Just need to be patient and let it show us the volume move.
Volume: 1.596M Avg Volume: 1.986M
BUY POINT: $23.72 Volume=3M Target=$27.45 Stop=$22.88
POSITION: SLE JX - Oct. $22.50c (79 delta) &/or Stock
http://www.investmenthouse.com/cd/sle.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

BRCM: Volume is up as BRCM starts to breakout from its 20 week flat base. Looks ready for new positions as it continues the move.

DNA: Undercut the 50 day EMA on strong trade as the biotech conference is putting the likes of IMCL in the limelight to DNA's detriment.

GTRC: Volume could be better, but it is starting up from the short lateral consolidation.

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:

COSI: Trying to make the breakout from a short 8 week cup with handle base.

CHIC: Very nice flying plateau after a strong break higher last week from a 9 week base.

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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