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Begin part 3 of 3

THE PLAYS

Good moves: END; FIC; WSSI

Weekend play results
MEDX: Still working laterally in the consolidation above the 18 day EMA.
VTS: Good volume as it started off of the 10 day EMA.
WSSI: Shot higher on strong trade but gave back much of the move.
JWN: Turning lower but want to see a bit more trade.

New Plays:

Upside:

Play Date: 08/22/2005
BTUI (BTU International--$7.16; +0.10; no options): Chip equipment
http://biz.yahoo.com/p/b/btui.html
STATUS: Breakout test. BTUI exploded higher in late July, gapping out of a 17 month base. It rallied to 8 and then tested back to 6, holding the 18 day EMA (now at 6.79) on the low. It has made a higher low above the 18 day and below some resistance at 7.50. Money flow continues to move higher ahead of price, and the tightening range indicates BTUI is ready to make the move through that level.
Volume: 98.628K Avg Volume: 100K
BUY POINT: $7.51 Volume=175K Target=$9.44 Stop=$6.98
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/btui.html

Play Date: 08/22/2005
DGIN (Digital Insight--$26.36; +1.34; optionable): Outsourced online banking and other services to banks, S&L's, etc.
http://biz.yahoo.com/p/d/dgin.html
After Hours: $26.34
STATUS: Cup w/handle. Volume shot well above average Monday as DGIN started the breakout from its 20 month base. Very nice pattern that formed a 9 week handle over the 50 day EMA (23.93). Great price/volume action with volume swelling in May and June as DGIN moved higher to finish the right side of the base and then drying up in July and August as it eased back in the handle, shaking out the weak holders. Strong 23 to 11 accumulation in the base (23 up price weeks on rising volume to 11 down price weeks on rising volume) shows plenty of buying as the stock consolidated. Money flow is surging higher ahead of price and relative strength broke out on the move. Ready to step in on a move through the buy point and then again to complete the buy when it makes a successful test (low volume pullback that holds the near support and then rebounds on rising trade).
Volume: 881.929K Avg Volume: 405.656K
BUY POINT: $26.57 Volume=450K Target=$31.95 Stop=$25.32
POSITION: UGU KE - Nov. $25c (64 delta) &/or Stock
http://www.investmenthouse.com/cd/dgin.html

Play Date: 08/22/2005
SMH (Semiconductor Holders Trust--$36.77; +0.53; optionable)
http://biz.yahoo.com/p/s/smh.html
STATUS: Test 50 day EMA. Volume jumped back up toward average Monday as the semiconductor ETF jumped off the 50 day EMA (36.02) and then cleared the 18 day EMA (36.69) on the close. Stair-stepping up the 50 day EMA since the April bottom, this being the second such test. Good volume and looking for positions as it continues its move higher as the semiconductors try to lead the rebound.
Volume: 18.462M Avg Volume: 21.361M
BUY POINT: $36.88 Volume=21M Target=$41.38 Stop=$36
POSITION: SMH KG - Nov. $35c (72 delta)
http://www.investmenthouse.com/cd/smh.html

Continuing still ready to move:

Play Date: 08/17/2005
AMT (American Tower--$23.24; +0.24; optionable): Telecom towers
http://biz.yahoo.com/p/a/amt.html
STATUS: Test breakout. Volume moved up to average Monday after a good surge Thursday. That volume is telling us AMT is ready to make its move and continue its breakout run that started in late June.
Volume: 3.174M Avg Volume: 3.372M
BUY POINT: $23.38 Volume=5.1M Target=$26.88 Stop=$22.31
POSITION: AMT AX - Jan. $22.50c (59 delta) &/or Stock
http://www.investmenthouse.com/cd/amt.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: Nice hold at the 10 day EMA as AAPL continues its test.

CELG: Moving back through the 18 day EMA in a good recovery. Volume was up but still below average as it made the move.

COH: Still selling and on stronger volume. Broke through support at 32 but recovered to hold it on the close.

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:

ISRG: Moving up off the 10 day EMA on rising though still below average volume, clearing the recent closing highs. Broke out with a tremendous gap higher in late July, moving out of a 21 week flat base. Looks ready to continue the breakout run.

ALY: Shot higher on strong volume to start August, breaking out from a 12 month cup base. It rallied over 14 and has come back to test and hold the 18 day EMA. Volume shot higher Friday as it held that support. Lots of momentum.

BDE (Bois d'Arc Energy): A new issue in May, BDE has rallied up the 50 day EMA, making its second test of that level last Wednesday and then rebounding on solid trade. Lots of momentum on this new issue, but no real base yet. There is a plant that goes by this name and it has some nasty thorns on it; no point to that comment (not implying anything about the stock pattern).

Downside:

SRVY: Moving laterally the past week in a very tight range after a nasty gap lower two weeks ago. This continues a downtrend that started in October 2004. Cannot catch a break.

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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