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Begin part 3 of 3

THE PLAYS

Good movers: ENER; NTRI; SLB

Tuesday night play results:
IAG: Faded back on lower trade, still ready to continue the break.
OPLK: Still in the nice test
SLB: Moving higher off the 10 day EMA
SNDK: Nice doji at the 18 day EMA.

New Plays:

Upside:

Play Date: 05/10/2006
AQNT (Aquantive--$27.90; +1.40; optionable): Digital marketing Internet)
http://biz.yahoo.com/p/a/aqnt.html
After Hours: $27.85
STATUS: Reverse head and shoulders. Solid earnings helped propel AQNT higher in its 18 week base. It is right at clearing some resistance at the February high (28), and if it can make that move we are going to start some positions. Strong 7 to 4 accumulation shows buying during the base. Strong money flow is leading higher as well. Strong leader ready for the breakout run.
Volume: 2.556M Avg Volume: 1.5M
BUY POINT: $28.15 Volume=1.8M Target=$33.85 Stop=$26.18
POSITION: QBT IE - Sept. $25c (77 delta) &/or Stock
http://www.investmenthouse.com/ci/aqnt.html

Play Date: 05/10/2006
CELG (Celgene--$42.88; +0.22; optionable): Biotechnology
http://biz.yahoo.com/p/c/celg.html
After Hours: $42.99
STATUS: Cup w/handle. Made us some nice money in its past runs but needed a rest. It peaked at 44 to end March and then fell into the current 6 week base that used the 50 day EMA (39.62) as support. Positive accumulation and strong money flow complement one another. Volume jumped up to average Wednesday as CELG continued to trade in a narrow range. Looking for strong volume to send it to the breakout.
Volume: 3.626M Avg Volume: 3.498M
BUY POINT: $43.55 Volume=5M Target=$52.00 Stop=$40.88
POSITION: LQH JV - Oct. $42.50c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/celg.html

Play Date: 05/10/2006
HCR (Manor Care--$45.18; +0.28; optionable): Long-term care
http://biz.yahoo.com/p/h/hcr.html
After Hours: $45.10
STATUS: Test breakout. HCR broke from a short 5 week base last week, rising off the 50 day EMA (43.15) on strong volume. It faded the past three sessions, testing the move but holding most of the gain. Positive 3 to 2 accumulation as HCR made higher lows up the 50 day while it set up for the breakout to a new all-time high. May come back to the 10 day EMA (44.48) before it is ready to rebound, but Wednesday it was higher in a so-so market and if it starts higher we are ready to move into this leader.
Volume: 641K Avg Volume: 649.084K
BUY POINT: $45.65 Volume=750K Target=$52.50 Stop=$44.21
POSITION: HCR HI - Aug. $45c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/hcr.html

Play Date: 05/10/2006
RMIX (U.S. Concrete--$15.49; +0.83; optionable): Cement
http://biz.yahoo.com/p/r/rmix.html
After Hours: $15.34
STATUS: Ascending base breakout. Tight, compact 6 week base that formed over the 50 day EMA (13.62) as RMIX consolidates 5 month run up the 10 and 18 day EMA (14.54 is the 10 day). It didn't take long; it set up making higher lows above the 50 day, showing solid 3 to 1 accumulation and surging money flow. It narrowed its loss and that gave it the breakout strength. Relative strength broke out as well, a good corroboration of RMIX' move to its new all-time high.
Volume: 938.405K Avg Volume: 367.598K
BUY POINT: $15.62 Volume=375K Target=$18.75 Stop=$14.53
POSITION: RQS IC - Sept. $15c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/rmix.html

Good Investing!
Jon L. Johnson and your IH Alerts Team

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