stock recommendation, stock option

Begin part 3 of 3

THE PLAYS

Good movers Tuesday: ABM; ARTC; ARTI; CETV; COSI; FARO; RSAS; SBUX; SGTL; OCLR

Monday night play results:
AME: Solid volume as it starts higher.
KRON: Still a very nice handle to its base.
RSAS: Volume continued to surge as RSAS starts its breakout.
SVM: Eased back but volume was stronger as it did. Still in the pattern.

New Plays:

Upside:

Play Date: 06/08/2004
ASE (Amercian Science & Engineering--$19.90; +0.85; no options): Medical appliances
http://biz.yahoo.com/p/a/ase.html
STATUS: Breakout test. ASE blasted out of a 7 week base to start the month, surging on strong volume to 21. It is now coming back on lower volume, making the test of the breakout. Tuesday it undercut the 10 day EMA (18.50), tapping the April high on the right side of the base and the rebounding on a solid volume surge. Accumulation in the base is a solid 4 to 1 (4 up price weeks on rising volume to 1 down price week on rising volume). Lots of money moving into the stock as it based, and set up the foundation for the breakout. Strong money flow, and it looks ready to continue the move.
Volume: 207K Avg Volume: 98.454K
BUY POINT: $20.38 Volume=150K Target=$24 Stop=$18.95
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/ase.html

Play Date: 06/08/2004
BOL (Bausch & Lomb--$65.20; -0.07; optionable): Contact lenses, etc.
http://biz.yahoo.com/p/b/bol.html
STATUS: Cup w/handle. Nice 8 week base with strong 4 to 1 accumulation as BOL sets up its base and looks for a breakout to take it to a 4 year high, not too far from its all-time high near 77. The price/volume action in the base is excellent with it dropping off at the bottom, rallying on the move up the right side of the pattern early this month, and fading as it pulls into the lateral handle the past week. Strong money flow, and we are looking for it to make the breakout higher again on volume and following the money.
Volume: 385.4K Avg Volume: 504.909K
BUY POINT: $66.42 Volume=757K Target=$76 Stop=$63.65
POSITION: BOL JM - Oct. $65c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/bol.htm

Play Date: 06/08/2004
SEMI (All American Semiconductor--$10.37; +0.99; no options): Electronic components distributor
http://biz.yahoo.com/p/s/semi.html
STATUS: Cup w/handle. Making the breakout from a 6 week base sporting strong 3 to 0 accumulation. Strong money flow and a relative strength breakout add to a pretty nice picture. SEMI reported strong results in April and shot higher. This is the base that is consolidating that move. Looks ready to continue the move.
Volume: 179.082K Avg Volume: 61.954K
BUY POINT: $10.65 Volume=100K Target=$12.78 Stop=$9.88
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/semi.html

Play Date: 06/08/2004
SYNA (Synaptics--$19.91; +0.96; no options): Custom interfaces for notebook computers
http://biz.yahoo.com/p/s/syna.html
STATUS: Cup w/handle. Volume is starting to surge as SYNA moves toward the breakout from an 18 week base. Accumulation in the pattern is strong at 8 to 3, setting a great foundation for a breakout. Money flow is screaming higher ahead of price. The base formed mostly over the 50 day EMA (17.37), evidence of solid institutional support. Volume dried up in May as it completed the bottom of the base, and now it is swelling. Looks ready for the breakout move.
Volume: 538.077K Avg Volume: 463.59K
BUY POINT: $20.32 Volume=695K Target=$24.38 Stop=$18.92
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/syna.html

Good Investing!
Jon L. Johnson and your IH Alerts Team

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 in 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.

stock recommendation
stock option