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Begin part 3 of 3

THE PLAYS

Good movers Tuesday: BEAV; GET; GPRO; IHP; LIZ; MATK; SMH; URBN

Monday night play results:
GGAL: Big gap up and then turned back to close basically flat.
GMT: Continued the move higher but volume was not there.
OPTN: Has fully tested the 10 day EMA.
VNO: Low volume bounce to the 10 day EMA. Looking for a rollover here.

New Plays:

Upside:

Play Date: 03/01/2005
AMT (American Tower--$18.67; +0.34; optionable): Telephone towers
http://biz.yahoo.com/p/a/amt.html
STATUS: Flat base. AMT has formed a pretty nice 12 week base along the 50 day EMA (18.11), sporting solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume) as it makes its lateral move on mostly lower, below average volume. That shows net buyers as it consolidates a nice breakout and run from October through November. Strong money flow has turned higher ahead of the stock. Volume was up Tuesday as it moved off the 18 day EMA (18.28). Looking for some more trade as it continues higher.
Volume: 1.884M Avg Volume: 1.782M
BUY POINT: $18.85 Volume=2.5M Target=$22.45 Stop=$18.16
POSITION: AMT GW - July $17.50c (74 delta) &/or Stock
http://www.investmenthouse.com/ci/amt.html

Play Date: 03/01/2005
CME (Chicago Mercantile Exchange--$220; +13.38; optionable): Commodities exchange
http://biz.yahoo.com/p/c/cme.html
After Hours: $217
STATUS: Double bottom w/handle. CME blasted higher Tuesday on a strong shot of above average volume. It is making the breakout from an 8 week base that worked to consolidate the huge September to December run. When it gets the wind in its sails it can fly. Down a bit after hours so if it opens softer and starts back up we will move in.
Volume: 1.293M Avg Volume: 793.818K
BUY POINT: On a softer open near 217, 218 on the rebound; from the closing price if it does not fade: $221.05 Volume=1M Target=$235 Stop=$218.25
POSITION: CMJ FD - June $220c (54 delta)
http://www.investmenthouse.com/ci/cme.html

Play Date: 03/01/2005
CWTR (Coldwater Creek--$28.66; +0.95; optionable): Catalog & mail order houses. Splits 3:2 on 3-21-05
http://biz.yahoo.com/p/c/cwtr.html
STATUS: Flat base. CWTR is working laterally along the 50 day EMA (27.47) in its 8 week base as CWTR consolidates its strong move in 2004. A market leader that is setting up for the next move. Good support as it held the 50 day EMA as it formed the lateral pattern. Need to see volume jump as it continues the move.
Volume: 166.815K Avg Volume: 227.545K
BUY POINT: $28.88 Volume=300K Target=$34 Stop=$27.34
POSITION: UCJ GF - July $30c (46 delta) &/or Stock
http://www.investmenthouse.com/ci/cwtr.html

Play Date: 03/01/2005
ISLE (Isle of Capri Casino--$29.30; +1.31; optionable): Resorts and casinos
http://biz.yahoo.com/p/i/isle.html
After Hours: $29.51
STATUS: Breakout test. ISLE gapped out of a 13 week cup with handle base in mid-February and ran to 30. It has spent the past two weeks testing the move on very low, below average volume. That shows very few sellers. Tuesday volume was up as it jumped off the 18 day EMA (28.01), often the near term support for a breakout. Excellent 6 to 1 accumulation in the base shows heavy buying. Gambling is hot in the US and this stock is on a roll.
Volume: 518.104K Avg Volume: 230.363K
BUY POINT: $29.48 Volume=346K Target=$32 Stop=$27.89
POSITION: QEP GF - July $30c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/isle.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.

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