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Begin part 3 of 3

THE PLAYS

Good movers: GOLD; VPI; WHT; ALVR

Monday play results:
ATHR: Held steady on low volume, still ready to make the break higher.
HOLX: Still a very nice, tight and flat move.
ORBK: Gapped higher but could not hold the move. Closed on the 10 day EMA.
WHT: Nice breakout.

New Plays:

Upside:

Play Date: 03/08/2005
AVID (Avid Technology--$67.68; +0.68; optionable): Digital media production hardware and software
http://biz.yahoo.com/p/a/avid.html
After Hours: $67.65
STATUS: Flying plateau. Volume was up Tuesday, moving well above average as AVID started the breakout from its 4 week lateral move over the 18 day EMA (65.73). This lateral move is a consolidation of the early February breakout from a short double bottom base. Volume then backed off to very low levels during the lateral move; that shows no one wanted to sell it. After that breather it looks ready for another run higher. Breaking to an all-time high on this move. Strong money flow and relative strength ready to make the breakout again, a good confirmation of the new breakout.
Volume: 644.2K Avg Volume: 455.863K
BUY POINT: $67.88 Volume=600K Target=$75 Stop=$66.11
POSITION: AQI FM - June $65c (67 delta)
http://www.investmenthouse.com/ci/avid.html

Play Date: 03/08/2005
DOX (Amdocs--$29.17; -0.42; optionable): Software products for communications industry
http://biz.yahoo.com/p/d/dox.html
STATUS: Breakout test. DOX has formed a 7 week flat base that is acting as a second handle to a 12 month cup with handle base. Good price/volume action in the base, and the past 6 weeks have been on very light, below average volume as DOX made the test back after a massive break higher in January. Excellent 16 to 8 accumulation (16 up price weeks on rising volume to 8 down price weeks on rising volume) in the base shows net buying during the big pattern. It has used the 50 day EMA (28.35) as support on this test, the rebounding sharply Monday on an above average volume jump. Tuesday it eased back on very low trade, holding the 10 day EMA on the close. Flexing its muscles Monday; looks to be getting ready for the next move.
Volume: 937.4K Avg Volume: 1.399M
BUY POINT: $30.12 Volume=2.1M Target=$35.95 Stop=$29.05
POSITION: DOX GF - July $30c (49 delta) &/or Stock
http://www.investmenthouse.com/ci/dox.html

Play Date: 03/08/2005
ENDP (Endo Pharmaceuticals--$22.83; +0.58; optionable): Drugs
http://biz.yahoo.com/p/e/endp.html
STATUS: Cup w/handle. ENDP has formed a 16 week cup with handle pattern that is acting as the last part of a larger 11 month base. Accumulation in the current pattern is a solid 5 to 3, showing net buyers as it sets up the next move higher. After a solid move up to end February it has come back to test the move, holding the 18 day EMA (22.01) on the Tuesday low and rebounding on rising, above average volume. Strong money flow is leading higher. Looking to move in on a break over the recent highs.
Volume: 918.512K Avg Volume: 802.59K
BUY POINT: $23.12 Volume=1M Target=$26.68 Stop=$22.11
POSITION: IUK GX - July $22.50c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/endp.html

Play Date: 03/08/2005
SPLS (Staples--$32.68; +0.52; optionable): Office supplies. Splits 3:2 on 4-18-05
http://biz.yahoo.com/p/s/spls.html
After Hours: $32.58
STATUS: Flat base. SPLS has been moving laterally the 10 weeks along the 50 day EMA (32.01), trading on both sides of that support level. The move is consolidating the November breakout from a similar 4 month flat base. Accumulation is a solid 4 to 2 (4 up price weeks on rising volume to 2 down price weeks on rising volume), setting up the move higher. Tuesday the stock jumped off the 50 day on a very strong volume surge. A good way to start the pre-split move. Looking to step in on a further move higher on continued solid trade.
Volume: 3.84M Avg Volume: 2.378M
BUY POINT: $32.81 Volume=2.5M Target=$36 Stop=$32.12
POSITION: PLQ FF - June $30c (87 delta)
http://www.investmenthouse.com/ci/spls.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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