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Begin part 3 of 3

THE PLAYS

Good movers: DJO; GENZ; RVI; TZIX; UTHR; BLL

Wednesday night play results:
IDBE: Gapped higher but volume was lower and could not hold the move. Still solid.
UNWR: Broke higher but forgot the volume; could have entered on basis of Wednesday trade.
YHOO: Took a lower volume breather. Held the 18 day EMA and is still ready to go.
TTC: Tapped the 18 day EMA on the high on very low volume.

New Plays:

Upside:

Play Date: 05/05/2005
MINI (Mobile Mini--$38.21; +1.44; optionable): Portable storage containers
http://biz.yahoo.com/p/m/mini.html
STATUS: Double bottom. A market leader that has returned to its all-time high from back in early 2002. It has formed a 5 week double bottom, a 'scare them out' pattern by virtue of its up and down action. It used the 50 day EMA (36.97) as support, though it undercut that level with the right leg, the scare them out part. Volume has surged the past two sessions as MINI comes off the lower leg and moves toward the breakout over the 'hump' in the pattern (38.67). Strong money flow is surging higher ahead of price as money piles in. Strong 3 to 0 accumulation in the pattern has set up the breakout move. Looking to take positions on a breakout and then adding on the test.
Volume: 438.733K Avg Volume: 124.363K
BUY POINT: $38.72 Volume=200K Target=$43.55 Stop=$36.78
POSITION: UAC HH - Aug. $40c (42 delta) or UAC HG - Aug. $35c (79 delta) &/or Stock
http://www.investmenthouse.com/cd/mini.html

Play Date: 05/05/2005
SPIL (Siliconware Precision--$4.50; +0.11; optionable): Semiconductor packaging and testing
http://biz.yahoo.com/p/s/spil.html
STATUS: Double bottom w/handle. Not all chips are in the tank. Volume is surging the past two sessions as SPIL heads off the 50 day EMA (4.32), the support for the handle in its 9 week base. Excellent 6 to 2 accumulation (6 up price weeks on rising volume to 2 down price weeks on rising volume) shows solid buying, and the use of the 50 day EMA as support shows institutions supporting their stock. Money flow is surging ahead of price and relative strength is ready for the breakout.
Volume: 1.288M Avg Volume: 428.863K
BUY POINT: $4.59 Volume=500K Target=$5.58 Stop=$4.31
POSITION: QSP IA - Sept. $5c (35 delta) &/or Stock
http://www.investmenthouse.com/cd/spil.html

Downside:

Play Date: 05/05/2005
CQB (Chiquita Brands--$25.36; -0.41; optionable): Is it still the top banana in the world today?
http://biz.yahoo.com/p/c/cqb.html
STATUS: Put. A broad top in March and April broke down with a nasty gap lower the last week of April. The gap was below the 50 day EMA (25.56) as CQB had a bad slip on a banana peel. It managed a low volume rebound the past week to the 50 day EMA. It started to stall Wednesday and slipped lower Thursday on rising volume. Looks ready to resume the move lower. A drop to the target earns us a 38%ish gain.
Volume: 509K Avg Volume: 516K
BUY POINT: $25.21 Volume=550K Target=$23.69 Stop=$25.72
POSITION: CQB RE - June $25p (-41 delta)
http://www.investmenthouse.com/cd/cqb.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.

AAPL, CELG, BLUD, BR, COH, HW, PSYS, RTSX, STN

CELG: Big drop through the 18 day EMA, but it managed to rebound to hold that key level. Getting a bit wild here.

BLUD: There is the breakout.

COH: Decent sales gapped it over the 50 day SMA, but no volume.

STN: Low volume test of the 50 day EMA as STN stes up for the next break 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:

NTES: Trying to form a reverse head and shoulders base the past 5 months. The breakout is near 54.

TOL: Trying to set up a 10 week double bottom base. With the legs roughly using the 50 day EMA as support. Volume jumped Thursday on the GM news and TOL moved back through the 50 day EMA.

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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