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Begin part 3 of 3

THE PLAYS

Good movers: AKAM; LSCC; MU; ORCL; PRFT; ATW; PTEN; JEF

Weekend play results:
AKAM: Strong break higher
MU: Stronger volume as MU continued higher.
NTLI: Jumped higher but faded as volume was lower.
SIMG: Heading toward the breakout.
ATW: Diving lower after a gap down.
PTEN: Gapped lower and sold on stronger volume
FSL: Gapped higher on strong volume on the take under story
XPRSA: Tanked but then rebounded to close just above the 200 day SMA.

New Plays:

Upside:

Play Date: 09/11/2006
GME (Gamestop--$45.60; +0.85; optionable): Electronic game stores
http://biz.yahoo.com/p/g/gme.html
STATUS: Cup w/handle. GME has formed a short reverse head and shoulders base the past four weeks as the handle to its 17 week base. Volume picked up last week as GME tested the 50 day EMA (42.89) and snapped sharply back. Strong money flow is leading higher and looking to enter positions as GME breaks higher as well. Then we will look for a test and then add when it rebounds from there.
Volume: 1.306M Avg Volume: 1.482M
BUY POINT: $45.92 Volume=2M Target=$52.89 Stop=$43.78
POSITION: GME AJ - Jan. $45c (59 delta) &/or Stock
http://www.investmenthouse.com/cd/gme.html

Play Date: 09/11/2006
PRXL (Parexel Intl.--$33.00; +0.26; optionable): Clinical research, medical marketing, etc. to the pharmaceutical, biotech, medical device industries
http://biz.yahoo.com/p/p/prxl.html
STATUS: Test 18 day EMA. PRXL is making its second test of the 18 day EMA (32.46) following its mid-August breakout from its 14 week reverse head and shoulders base. A strong stock will make four or five such bounces off the near support (typically the 10 or 18 day EMA) after a breakout. This gives PRXL plenty of room still to run on this breakout.
Volume: 239.593K Avg Volume: 255.684K
BUY POINT: $33.33 Volume=260K Target=$38.00 Stop=$32.28
POSITION: VBQ LF - Dec. $30c (68 delta) &/or Stock
http://www.investmenthouse.com/cd/prxl.html

Play Date: 09/11/2006
WEBX (Webex Communications--$36.88; +0.44; optionable): Web communications services
http://biz.yahoo.com/p/w/webx.html
STATUS: Test breakout. Taking another look at WEBX as it comes off a test of the mid-August breakout from a 14 week ascending base. Strong breakout on strong volume and now a good test on lower, below average volume. Monday WEBX jumped higher on a shot of rising, above average volume. Money flow is moving higher ahead of price. Strong 5 to 2 accumulation (5 up price weeks on rising volume to 2 down price weeks on rising volume) show solid buying in the base. Looks ripe to break higher once more to a 5.5 year high.
Volume: 649.663K Avg Volume: 637.972K
BUY POINT: $37.08 Volume=600K Target=$42.50 Stop=$35.65
POSITION: UWB LG - Dec. $35c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/webx.html

Play Date: 09/11/2006
WOOF (VCA Antech--$35.10; +0.07; optionable): Veterinary centers
http://biz.yahoo.com/p/w/woof.html
STATUS: Test breakout. WOOF has faded to the 18 day EMA (34.91) the past two weeks, now trading in a very tight range on low volume over that level, ready to break higher once more. This follows the late July breakout from a 10 week base and the subsequent short but sweet 5 week base that is now being tested. Market leader with strong fundamentals to go with the pattern. Ready to move in on the next break higher on strong volume.
Volume: 178.002K Avg Volume: 382.148K
BUY POINT: $35.55 Volume=400K Target=$40.95 Stop=$34.48
POSITION: QWF AG - Jan. $35c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/woof.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, AKAM, CCJ, CELG, FLR, GME, MGPI, MRVL, NVDA, SGMS, WM

AAPL: Ready for the next announcement of new items tomorrow.

AKAM: Sweet move higher

CCJ: Bummer. Tanked on strong volume

CELG: Tanked to the 200 day SMA and then rebounded to hold the support near 40.50.

NVDA: Volume was up as NVDA moved off 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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