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Brgin part 3 of 3

THE PLAYS

Good Movers: MCK; UPCS; EBAY

Tuesday night play results:
ABT: Fell back to the 18 day EMA on continued below average volume. Still holding the pattern.
CPKI: Now it is ready to make the move.
ODP: Low volume breather. Still ready to move.

New Plays:

Upside:

Play Date: 06/29/2005
CRZO (Carrizo Oil & Gas--$17.06; -0.08; optionable): Independent oil and gas
http://biz.yahoo.com/p/c/crzo.html
STATUS: Reverse head and shoulders. Very nicely formed 12 week base is just about wrapped up. Formed along the 50 day EMA (16.16). Volume has surged the past week, and that often precedes a breakout from a nice base. Strong leader in the energy sector.
Volume: 346.687K Avg Volume: 366.955K
BUY POINT: $18.05 Volume=550K Target=$21 Stop=$16.95
POSITION: QOW JW - Oct. $17.50c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/crzo.html

Play Date: 06/29/2005
RWY (Rent-Way--$9.78; -0.08; no options): Rental and leasing services
http://biz.yahoo.com/p/r/rwy.html
STATUS: Cup w/handle. Volume has surged the past two sessions as RWY knocks on the door of a breakout from its lengthy 14 month base. Strong 15 to 6 accumulation in the pattern (15 up price weeks on rising volume to 6 down price weeks on rising volume) shows net buyers and has set up the breakout move. Strong money flow is rallying higher ahead of price. Ready to follow that money and breakout to a 3 year high.
Volume: 481.3K Avg Volume: 177.431K
BUY POINT: $10.05 Volume=266K Target=$11.95 Stop=$9.52
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/rwy.html

Play Date: 06/29/2005
WCG (Wellcare Health Plans--$36.25; +0.7; no options): Health care plans
http://biz.yahoo.com/p/w/wcg.html
STATUS: Cup w/handle. A new issue in July 2004 and this is its first real base a very nice 20 week pattern that roughly used the 50 day EMA (33.87) as support. The past week it has hugged the 18 day EMA (35.34) on the lows as volume starts to swell to above average levels. Strong 6 to 3 accumulation shows plenty of buying setting up the breakout. With this volume swelling it looks ripe for the breakout.
Volume: 573K Avg Volume: 222.884K
BUY POINT: $37.21 Volume=400K Target=$43 Stop=$35.11
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/wcg.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

AAPL: Heading back down to some support at 35, just over the 200 day SMA.

STN: Continues to trade at the 50 day EMA, trying to get its legs and make the breakout from its 14 week base.

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.

HURC: Working on the right shoulder to a 7 month reverse head and shoulders base. It is trying to hold the 50 day EMA on low volume as the bottom of the right shoulder. Still work to do here.

KYPH: Massive breakout last week from a long 19 month base. Right now that original first run is running out of steam, showing a couple of dojis. Looking for it to come back toward the 10 day EMA near 32 to test this move. When it rebounds from there that is where you step in.

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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