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Begin part 3 of 3

THE PLAYS

Good movers: AMAG; AMKR; ATHR; BIDU; COH; GS; HMSY; INFY; LEH; NITE; SYK; TECH; WFR

New Plays:

Upside:

Play Date: 01/11/2007
ATI (Allegheny Technologies--$90.41; +1.76; optionable): Industrial metals
http://biz.yahoo.com/p/a/ati.html
STATUS: Double bottom. ATI has formed a base on base the past 9 months. First a 6.5 month cup with handle that broke out in late November and ran to 99. It turned back down sharply and fell into the current 5 week double bottom that has used the 50 day EMA (85.44) as support. Volume jumped up to average again Thursday as ATI cleared 90. Solid money flow setting ATI up for a new high. It has crossed the 90 threshold, and in an uptrending market a strong stock will make a run toward 100 that we can jump on.
Volume: 2.899M Avg Volume: 2.864M
BUY POINT: $90.88 Volume=3.2M Target=$99.90 Stop=$88.45
POSITION: ATI DR - Apr. $90c (56 delta)
http://www.investmenthouse.com/ct/ati.html

Play Date: 01/11/2007
VRSN (Verisign--$24.61; +0.15; optionable): Internet security
http://biz.yahoo.com/p/v/vrsn.html
STATUS: Test 50 day EMA. Something of a technical trade here of a different sort. Back in the summer of 2005 (sounds like a song title) VRSN double topped and then gapped lower. Since then it worked lower, forming something of a big 18 month double bottom with handle. It broke higher in late November on a good outlook, then faded back to the 50 day EMA (23.77) to test the move, working laterally the past two weeks in a tight range. We are looking for some good volume as VRSN comes off the 50 day EMA and starts the run to fill that gap. That is roughly our initial target, but it has plenty of room to run and we will let it do so as long as it will.
Volume: 3.137M Avg Volume: 3.074M
BUY POINT: $24.82 Volume=4.5M Target=$28.95 Stop=$23.88
POSITION: QVR FE - June $25c (51 delta) &/or Stock
http://www.investmenthouse.com/ct/vrsn.html

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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