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Begin part 3 of 3

We apologize for the late delivery of part 3. We looked over the entire market to see what was ready to move.

THE PLAYS

Tuesday night play results:
CG: Holding at the 18 day EMA
ORCC: Nice tap at the 18 day EMA and recovery. Just waiting for the relief move.
XLE: Nice turn lower on volume.

Upside:

Play Date: 10/12/2005
BNI (Burlington Northern--$58.03; -0.41; optionable): Railroads
http://biz.yahoo.com/p/b/bni.html
STATUS: Test breakout. Amazing strength in a diving market. BNI broke out from a 23 week double bottom with handle base in mid-September. It rallied to 60 and in the recent market carnage it fell back to the 18 day EMA (57.82) on low volume. Not bad action at all. Volume surged Wednesday as BNI undercut the 18 day EMA and then rebounded to close and hold that level. Strong pattern. Market leader in earnings and sales. Nice action in a very weak market.
Volume: 4.464M Avg Volume: 2.085M
BUY POINT: $59.42 Volume=2.8M Target=$68.65 Stop=$57.55
POSITION: BNI AL - Jan. $60c (46 delta) &/or Stock
http://www.investmenthouse.com/cd/bni.html

Play Date: 10/12/2005
CCI (Crown Castle Intl.--$24.24; -0.19; optionable): Telecom towers
http://biz.yahoo.com/p/c/cci.html
STATUS: Ascending base. Moving in a 5 week lateral base over the 50 day EMA (23.51), making higher lows as the 50 day EMA rises. Solid 3 to 1 accumulation (3 up price weeks on rising volume to 1 down price weeks on rising volume) shows buying ongoing as CCI takes a breather after a strong run from June to September. Strong money flow and relative strength as well. It has held up and ready to move in a market relief rally.
Volume: 1.361M Avg Volume: 1.178M
BUY POINT: $25.05 Volume=1.8M Target=$29.95 Stop=$23.69
POSITION: CCI AE - Jan. $25c (51 delta) &/or Stock
http://www.investmenthouse.com/cd/cci.html

Play Date: 10/12/2005
VTIV (Ventiv Health--$26.35; +0.03; optionable): Health care management services
http://biz.yahoo.com/p/v/vtiv.html
STATUS: Breakout test. Big, strong breakout in early September as VTIV broke from a 24 week cup with handle base sporting strong 9 to 5 accumulation (9 up price weeks on rising volume to 5 down price weeks on rising volume). Rallied further almost to 28 before the market hit the skids this month. VTIV did not imploded, testing down to the 50 day EMA (24.64) intraday Monday but then rebounding. Trying to continue the move and follow money flow higher. Excellent relative strength. Market leader and top rated stock in earnings and sales and pattern.
Volume: 620.478K Avg Volume: 476.123K
BUY POINT: $28.05 Volume=714K Target=$33.75 Stop=$26.09
POSITION: QBP AY - Jan. $27.50c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/vtiv.html

Downside:

Play Date: 10/12/2005
GSF (Globalsantafe--$42.01; -0.14; optionable): Oil and gas drilling/exploration
http://biz.yahoo.com/p/g/gsf.html
STATUS: Put. Strong run into August, a lateral move, and then an implosion through the 50 day EMA (44.18) to start October, falling to near the 200 day SMA (39.32). It rebounded the past four sessions, rallying back to the 10 day EMA (42.82) on a Wednesday gap higher. It could not hold the move and turned over on surging, above average volume. Looks ready to turn back down, and a move to the prior lows near 40 lands us a 42%ish gain.
Volume: 4.944M Avg Volume: 2.483M
BUY POINT: $41.89 Volume=2.5M Target=$39.87 Stop=$42.08
POSITION: GSF WV - Nov. $42.50p (-50 delta)
http://www.investmenthouse.com/cd/gsf.html

Still ready to move:

Play Date: 10/06/2005
NVDA (Nvidia--$32.2; +0.38; optionable): Semiconductors
http://biz.yahoo.com/p/n/nvda.html
After Hours: $32.21
STATUS: Test 50 day EMA. NVDA was not immune to the selling, but it did not implode. It sold back to the 50 day EMA (31.43) on mostly low to average volume, testing the breakout from a 6 month ascending triangle. Money flow remains strong. Looks super and ready to bounce with the semiconductors.
Volume: 5.477M Avg Volume: 5.136M
BUY POINT: Aggressive: 33.11; orig. $33.55 Volume=6.5M Target=$40.45 Stop=$31.95
POSITION: UVA AT - Jan. $32.50c (60 delta) &/or Stock
http://www.investmenthouse.com/cd/nvda.html

BVN
CYCL
IVIL
ORCC

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, BLUDE, BR, COH, HW, PSYS, RTSX, STN

CELG, BLUDE, COH, HW, STN: In real trouble, unable to hold up in the selling.

AAPL: Gapped lower on the open but the slaughter was not as bad as it was after hours Tuesday. It held the 50 day EMA on the close, an important move.

RTSX: Could see a rebound Thursday as the chips recover.

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.

CONR: A new issue in December 2004, CONR broke out from a 5.5 month base in August and is rallying up the 18 day EMA. It is making its second test of that level after the breakout and it still has plenty of upside left on this run. Average volume is in the 200K range. We really thought about this one as a play on the report a few days back, and it is still looking solid, holding the 18 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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