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Begin part 3 of 3

THE PLAYS

Good movers: DIOD; FSL; PNRA

Monday night play results:
CTHR: Nice tap of the 10 day EMA on the low and rebounded. Has made the test and is now ready.
OCR: Big, huge volume as OCR fell to the 18 day EMA, tapping it on the low.
SIGM: More above average volume as SIGM still looks ready to make the continued breakout move.
PSSI: Low volume as it continues to test the 10 day EMA.

New Plays:

Upside:

Play Date: 12/13/2005
GILD (Gilead Sciences--$53.95; +2.27; optionable): Biotechnology
http://biz.yahoo.com/p/g/gild.html
After Hours: $53.91
STATUS: Double bottom. GILD is a strong stock and it is not caving in despite a bit of up and down action the past month. Broke out from a 14 week cup with handle in early November and rallied to 56. It has now formed a 4 week double bottom just over the 50 day EMA (50.61), jumping off that level Tuesday on strong trade. Ready to move in as it continues higher, heading for another all-time high.
Volume: 6.848M Avg Volume: 4.728M
BUY POINT: $54.45 Volume=7.1M Target=$65 Stop=$52.35
POSITION: GDQ EK - May $55c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/gild.html

Play Date: 12/13/2005
HLEX (Healthextras--$24.05; +0.64; optionable): Pharmacy benefit management services
http://biz.yahoo.com/p/h/hlex.html
STATUS: Double bottom w/handle. Stronger, average volume Tuesday, the best volume in three weeks, as HLEX broke higher to a new all-time high. Sweet little base with 3 to 1 accumulation (3 up price weeks on rising volume to 1 down price weeks on rising volume) and surging money flow leading it higher. Ready to move in on a further rally.
Volume: 439.734K Avg Volume: 363.488K
BUY POINT: $24.31 Volume=545K Target=$29 Stop=$22.81
POSITION: HUE CX - Mar. $22.50c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/hlex.html

Play Date: 12/13/2005
OMCL (Omnicell--$11.45; -0.37; optionable): Services for clinical areas in healthcare facilities
http://biz.yahoo.com/p/o/omcl.html
STATUS: Double bottom breakout. Strong volume the past two weeks as OMCL bottomed on the second leg of its 12 week base and rallied on out of the pattern. Strong 4 to 1 accumulation in this base set up the break higher. Volume was strong money on the strong move and backed off Tuesday as OMCL gave back some of that gain. Looking for it to continue the move to enter. It may come back to the 10 day EMA (10.89) before turning back up. If it does, all the better as we will enter when it bounces on rising trade.
Volume: 264.459K Avg Volume: 209.912K
BUY POINT: From the Tuesday close: $11.88. Test 10.90, then 11.27 on the way back up. Volume=315K Target=$14.32 Stop=$11.05
POSITION: UMK EB - May $10c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/omcl.html

New Buy Point on a Current Position:

Play Date: 12/13/2005
FSL (Freescale Semiconductor--$27.28; +0.67; optionable): Semiconductors
http://biz.yahoo.com/p/f/fsl.html
STATUS: Test breakout. Excellent action. FSL broke out in November from a 12 week cup base, rallied, then came back to test the 18 day EMA (26.39), the typical near support for a solid breakout. It shot higher to start December, then faded back to the 18 day the past two weeks, holding that level and then moving higher Tuesday on rising though still below average volume. Relative strength is ready to breakout as well, a very good indication of FSL's continued strength as it moves toward a new all-time high.
Volume: 1.33M Avg Volume: 1.783M
BUY POINT: $27.67 Volume=2.4M Target=$33 Stop=$26.32
POSITION: FSL CE - Mar. $25c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/fsl.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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