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Begin part 3 of 3

THE PLAYS

Good movers: BOT; HME; ININ; LMNX; WFR

Thursday night play results:
CAT: Took a day off Friday on lower trade. Sets it up better for this week.
CNTY: Nope. Dove lower on even stronger trade.
ECL: Faded back Friday, making a test of the solid Thursday move
FSL: Took a breather at the 50 day EMA

New Plays:

Upside:

Play Date: 06/30/2006
FVE (Five Star Quality Care--$11.07; -0.13; no options): Home health care
http://biz.yahoo.com/p/f/fve.html
STATUS: Cup w/handle. Whenever someone proclaims himself as the best in his name, you have to wonder, but FVE looks super. Issued back in early 2002, FVE sold off in a big base that lasted through 2003. Then in Q4 2004 it formed another big base lasting until early March 2006. It broke higher and ran to 12 and then formed the current 15 week base over the 50 day EMA (10.63). Like this because it is perched on top of that long base, and that is a load of support for the stock to move higher off of. Positive accumulation and strong money flow. High volume Friday in the Russell rebalance, but that just pushed it a bit lower in the handle. Set up very well for the break higher this week.
Volume: 1.717M Avg Volume: 400.925K
BUY POINT: $11.65 Volume=600K Target=$13.98 Stop=$10.83
POSITION: - Stock
http://www.investmenthouse.com/cd/fve.html

Play Date: 06/30/2006
FWRD (Forward Air--$40.73; +0.80; no options): Trucking. Getting ripe for a split announcement.
http://biz.yahoo.com/p/f/fwrd.html
After Hours: $40.63
STATUS: Cup w/handle. FWRD has formed a somewhat skewed base the past 7 weeks, breaking higher Friday, clearing the handle. This is part of a larger 7.5 month trading range between 35 and 41. Lots of buying during the base with some 9 to 4 accumulation; a solid stock in a strong sector right now. This pattern is perched on top of a multiyear (5.5 year) cup with handle base, that base providing an excellent foundation for FWRD to make some long term positive moves. Looking for more volume this week as the stock tries to go forward with this move. Relative strength is ready for the breakout; in this kind of market you really like to see that relative strength breaking higher as another very good indicator that the stock is a leader. When combined with the strong price pattern and accumulation it is a strong positive, going forward, of course.
Volume: 249.13K Avg Volume: 266.105K
BUY POINT: $41.11 Volume=399K Target=$47.95 Stop=$38.95
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/fwrd.html

Play Date: 06/30/2006
ICUI (ICU Medical--$42.24; +0.24; optionable): Medical instruments
http://biz.yahoo.com/p/i/icui.html
STATUS: Cup w/handle. Quality stock and that is why we are looking at it again as it approaches the breakout from a very nicely formed 6 month base. This is part of a much larger 4.5 year pattern, and this last base has set ICUI for the breakout to a new all-time high. It got the dips in June, but held at some old price support at 38. Moved up close to the breakout point late in the week on a solid volume increase. Relative strength is ready for the move as well, always a good corroboration, particularly in this kind of market. Strong 6 to 2 accumulation (6 up price weeks on rising volume to 2 down price weeks on rising volume). Ran to the breakout point last week so it may come back a session or two to take a breather and further set up the breakout. Solid leader that looks ready to take the next step in its advance.
Volume: 133.511K Avg Volume: 117.969K
BUY POINT: $42.78 Volume=173K Target=$50.95 Stop=$40.88
POSITION: QPD KH - Nov. $40c (60 delta) &/or Stock
http://www.investmenthouse.com/cd/icui.html

Play Date: 06/30/2006
IDEV (Interneuron Pharma--$5.47; +0.10; optionable): Biotechnology
http://biz.yahoo.com/p/i/idev.html
STATUS: Cup. Taking another look at IDEV as it caught itself on the 50 day SMA (4.99 on the recent dip and bounced Wednesday through Friday on some solid above average trade. Nice 17 week pattern that used the 200 day SMA (4.87) as support, an indication the big money institutions are supporting it at that level, accumulating shares. Positive accumulation and surging money flow trying to lead IDEV off of the 200 day. Good trade the last half of the week started the move; need to see that continue as it moves through resistance to the buy point.
Volume: 5.84M Avg Volume: 524.075K
BUY POINT: $5.62 Volume=550K Target=$6.95 Stop=$5.23
POSITION: QUF LA - Dec. $5c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/idev.html

Continuing plays ready to move;

CAT: Took a breather Friday, setting it up well for this week.
CLHB: Strong trade Friday as it cracked resistance. Still a buy on this move.
FSL: After the Thursday move it paused, closing at the 50 day EMA. Good lift off point.
TSAI: Ran higher Friday on rising but just average trade. A move through 42 on stronger volume is the buy.

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, AKAM, CCJ, CELG, FLR, GME, MGPI, MRVL, NVDA, SGMS, WM

AKAM: Solid week took it up to the old high. May back up a bit before making the next pop to push it on through.

FLR: The industrial sectors have come back to life and FLR gapped higher Friday after a solid Thursday move. Still a buy on this move.

GME: Beneficiary of the late week rebound and the rebalancing Friday. GME broke its May downtrend on the move and after a test that holds it will be ready to buy as it starts back up.

MGPI: After the head and shoulders sell off it has based laterally and is showing some solid volume as it probes the 50 day EMA, looking for a break back through. Some serious resistance at 25 it needs to get through.

NVDA: Looked to have totally caved, but rebounded Wednesday and Thursday on strong trade, holding the earlier June low. Still a possibility of a double bottom after that last shakeout.

SGMS: Working slowly but steadily on a new base. Made it to the 50 day EMA Friday but could not punch through. More work to do, but it is putting in the necessary time.

WM: Nice base still underway. Still has work to do.

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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