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Begin part 3 of 3

THE PLAYS

Good movers: BMC; COH; CTRP; HCP; HLTH; MRVC; SNDA

New Plays:

Upside:

Play Date: 01/04/2007
ATHR (Atheros Communications--$22.53; +0.79; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/a/athr.html
STATUS: Cup w/handle. Volume creeping higher the past two sessions as ATHR moves off the 200 day SMA (20.78) it used as the floor for the handle to its 9 month base. After a strong run from December to April (and a new all-time high) it needed a break to regroup. Nice base sporting solid 9 to 5 accumulation (9 up price weeks on rising volume to 5 down price weeks on rising volume); plenty of buying to send it higher. Volume has moved up, but want to see a surge on the break higher.
Volume: 2.201M Avg Volume: 2.353M
BUY POINT: $22.78 Volume=3.2M Target=$27.88 Stop=$21.19
POSITION: QRA FX - June $22.50c (59 delta) &/or Stock
http://www.investmenthouse.com/ct/athr.html

Play Date: 01/04/2007
BRCM (Broadcom--$32.31; -0.06; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/b/brcm.html
STATUS: Test 200 day SMA. Getting right back after BRCM as it held onto near support and on Thursday jumped off the 200 day SMA (32.59) that it has tangoed with for the past month. Not huge volume but solid trade as it made the move; a good upswing in trade is underway. Plenty of room to bounce and run higher if there is really money moving into the big techs.
Volume: 5.097M Avg Volume: 15.127M
BUY POINT: $33.78 Volume=17M Target=$42.45 Stop=$32.36
POSITION: RCQ EZ - May $32.50c (63 delta) &/or Stock
http://www.investmenthouse.com/ct/brcm.html

Play Date: 01/04/2007
FFIV (F5 Networks--$76.36; +2.64; optionable): Networking solutions to manage application traffic on networks
http://biz.yahoo.com/p/f/ffiv.html
STATUS: Flying plateau. FFIV is back in NASDAQ compliance with NASDAQ listing requirements, and that likely removes the last barrier before the next breakout. It made us some strong coin in the run from the August low, making a strong breakout from a 7 month cup with handle base in October and rallying on up to December. It then took a breather as the market turned choppy, working laterally along the 18 day EMA (74.42). Shakeout on Thursday and an intraday recovery. Then a good bounce higher Thursday on rising, average trade. Nice action showing renewed buying. Looking to move in on some more solid upside with good trade as FFIV heads for a new all-time high.
Volume: 1.003M Avg Volume: 947.098K
BUY POINT: $76.87 Volume=1.1M Target=$91.95 Stop=$73.35
POSITION: FLK DO - Apr. $75c (60 delta) or FLK DP - Apr. $80c (51 delta) &/or Stock
http://www.investmenthouse.com/ct/ffiv.html

Play Date: 01/04/2007
MA (MasterCard--$101.14; +4.73; optionable): Payment services (credit cards, etc.)
http://biz.yahoo.com/p/m/ma.html
STATUS: Cup. MA is another stock that enjoyed a strong late 2005 as it surged over 30 points in November. Again, a move like that requires a rest period (there is no Viagra for stocks). It slipped into the current 6 week shallow cup, holding above the 50 day EMA in mid-December when it tapped down intraday and recovered. Has made a higher low and broke across the 100 level that acted as some resistance in early December. Improving volume on the move. Looking to step in as it continues higher on some decent trade.
Volume: 2.635M Avg Volume: 3.345M
BUY POINT: $101.65 Volume=3.5M Target=$119.75 Stop=$97.35
POSITION: MA DT - Apr. $100c (57 delta)
http://www.investmenthouse.com/ct/ma.html

Continuing plays ready to move:

AKAM: Looks solid but given the Thursday volume wanted to see it clear the 10 day EMA (53.48).

JSDA: Testing a bit lower, undercutting the 10 day EMA on the low and rebounding to hold that near support. That should just about do with the shakeout. Moved the buy point lower to accommodate this nice test.

NITE: Nice hold at the 18 day EMA on rising trade.

VCLK: Nice test lower intraday and then a rebound to positive. Looks like a good shakeout move.

Good Investing!
Jon L. Johnson and your Technical Traders Report 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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