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Begin part 3 of 3

THE PLAYS

Good movers: AMX; BRCM; BWS; CMG; DRIV; EZPW; FFIV; GME; GYMB; ICE; JCG; JCP; KNOT; NTLI; NVDA; PLCE; SMSC; WEBX

Wednesday night play results:
IIG: Modest move higher on low volume.
JCG: Nice break higher
NTLI: Solid breakout on volume.
WEBX: Excellent volume, excellent price move.

New Plays:

Upside:

Play Date: 10/26/2006
ADS (Alliance Data--$59.75; +0.27; optionable): Credit services
http://biz.yahoo.com/p/a/ads.html
EARNINGS: Announced 10-18-06
STATUS: Breakout test. ADS made us a bit of money on its last move, and after a breakout last week from a nicely formed 3.5 month cup with handle it is set up to do it again. We like the first test of a breakout; when the stock moves back up on volume it shows the big money still wants it, 'proving up' the breakout. Preparing for that breakout to a new all-time high. Solid leader with strong fundamentals growth rates and a sweet pattern.
Volume: 612.7K Avg Volume: 864.367K
BUY POINT: $61.11 Volume=1.3M Target=$69.95 Stop=$58.38
POSITION: ADS CL - Mar. $60c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/ads.html

Play Date: 10/26/2006
LQDT (Liquidity Services--$17.56; -0.20; no options): Surplus assets and wholesale goods marketing auction services
http://biz.yahoo.com/p/l/lqdt.html
Earnings: 12-6-06
STATUS: Test breakout. A new issue in February and LQDT has set up its first base, a nice 5 month pattern. It is coming back this week after a nice breakout Monday from a reverse head and shoulders base. A nice low volume test of the 10 day EMA (16.95) is basically forming a handle. Looking for it to test the 10 day EMA and start back up. That successful test is our entry point from this new leader that sports strong fundamentals growth rates and a super pattern.
Volume: 137.897K Avg Volume: 126.035K
BUY POINT: $18.24 Volume=200K Target=$21.95 Stop=$16.96
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/lqdt.html

Play Date: 10/26/2006
NICE (Nice-Systems--$30.32; +0.33; optionable): Performance management and interaction analytics services
http://biz.yahoo.com/p/n/nice.html
EARNINGS: 11-1-06 before the open
STATUS: Test breakout. NICE broke out from a 5 month trading range to start October, rallying nicely to 32 on the move. It then started to test, coming back to the 18 day EMA (29.79) on a sharp decline in volume. It has held and Thursday it bounced on rising, average volume. Solid money flow continues to lead even as it makes this test. Solid breakout and good test. Looking for the breakout to resume on some more rising volume. Another solid leader in fundamentals growth with a strong pattern.
Volume: 242.315K Avg Volume: 227.659K
BUY POINT: $30.68 Volume=300K Target=$35.95 Stop=$29.62
POSITION: EQJ BF - Feb. $30c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/nice.html

Play Date: 10/26/2006
RSTI (Rofin-Sinar Tech--$62.59; +0.18; optionable): Laser-based products (CO2, solid state lasers)
http://biz.yahoo.com/p/r/rsti.html
EARNINGS: 11-9-06
STATUS: Double bottom w/handle. Got a bit choppy this month, but has held up in its 6 month base. The action this month is very similar to the market overall. In any event it tested lower this week and then jumped back up on volume Tuesday. It has stalled out at the prior October highs on the Thursday close, but this surge in volume indicates it is ready to make the breakout. RSTI is also a market leader in earnings growth and this pattern has set up a breakout to a new all-time high.
Volume: 147.471K Avg Volume: 126.902K
BUY POINT: $63.25 Volume=190K Target=$72.75 Stop=$60.95
POSITION: QRT CM - Mar. $65c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/rsti.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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