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New Plays
Long Plays
Short Plays
None GBX

New Long Plays

None today.
 

New Short Plays

Greenbrier Co - GBX - close: 33.20 chg: -2.17 stop: 35.52

Company Description:
The Greenbrier Companies, headquartered in Lake Oswego, OR, is a leading supplier of transportation equipment and services to the railroad industry. With manufacturing facilities in the U.S., Canada, Mexico and Poland, Greenbrier produces new railroad freight cars and marine vessels, and performs repair, refurbishment and maintenance activities. Greenbrier owns a lease fleet of approximately 10,000 railcars, and performs management services for approximately 125,000 railcars. (source: company press release)

Why We Like It:
Shares of GBX have been in rally mode for the last five weeks. The stock soared on March 10th after announcing a new order for 5,000 railcars. This news launched a multi-week rally but the momentum failed last week right at resistance near $37.00 dating back to last December. Today's decline is very significant. The drop has broken its short-term rising channel. Its MACD indicator just produced a new sell signal from overbought levels. GBX has produced what looks like a double-top pattern. Plus, the sell-off today was fueled by volume more than double the average. We want to short the stock at current levels however, we would not be surprised for a possible bounce back toward $34.50-35.00 and we would use a failed rally in this region as a new bearish entry point. Our short-term target is the $30.00 level but we are going to set a secondary target at $28.00.

Picked on April 11 at $33.20
Change since picked: - 0.00
Earnings Date 03/30/05 (confirmed)
Average Daily Volume: 123 thousand
 

In Play Updates and Reviews

Long Play Updates

Amer. Egl Outftr - AEOS - cls: 29.58 chg: -0.23 stop: 27.65

No change from previous update on 04/10/05.

Picked on March 28 at $28.19
Change since picked: + 1.33
Earnings Date 05/14/05 (unconfirmed)
Average Daily Volume: 1.1 million

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Forest Oil - FST - close: 41.81 chg: +0.11 stop: 38.49

No change from previous update on 04/10/05.

Picked on April 03 at $42.00
Change since picked: - 0.19
Earnings Date 05/09/05 (unconfirmed)
Average Daily Volume: 1.0 million

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Global Imaging - GISX - close: 35.75 chg: -0.27 stop: 34.95

No change from previous update on 04/10/05.

Picked on April 05 at $36.50
Change since picked: - 0.75
Earnings Date 04/25/05 (unconfirmed)
Average Daily Volume: 114 thousand

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OSI Pharma - OSIP - close: 46.10 chg: +0.80 stop: 42.49

No change from previous update on 04/10/05. Take note! A positive earnings report from Genentech (DNA) after the bell on Monday is lifting the biotech sector. Shares of OSIP were trading somewhat higher after hours.

Picked on April 08 at $45.51
Change since picked: + 0.59
Earnings Date 05/10/05 (unconfirmed)
Average Daily Volume: 1.5 million
 

Short Play Updates

Anheuser Busch - BUD - close: 46.05 chg: +0.05 stop: 47.01

No change from previous update on 04/10/05. In the news BUD increased its stake in China's biggest brewer, Tsingtao Brewery Co., to 27 percent.

Picked on February 7 at $48.32
Gain since picked: - 2.27
Earnings Date 04/27/05 (unconfirmed)
Average Daily Volume: 2.4 million

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Flextronics - FLEX - close: 11.89 chg: -0.25 stop: 12.55

No change from previous update on 04/10/05.

Picked on March 16 at $11.95
Change since picked: - 0.06
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 5.5 million

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Lowes Companies - LOW - close: 54.47 change: -0.34 stop: 56.51

No change from previous update on 04/10/05.

Picked on April 10 at $54.81
Change since picked: - 0.34
Earnings Date 05/16/05 (unconfirmed)
Average Daily Volume: 3.0 million

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Westlake Chem. - WLK - close: 28.77 chg: -0.55 stop: 32.01

No change from previous update on 04/10/05.

Picked on April 08 at $29.19
Change since picked: - 0.42
Earnings Date 05/09/05 (unconfirmed)
Average Daily Volume: 207 thousand

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West Marine - WMAR - close: 20.37 chg: -0.45 stop: 22.01

No change from previous update on 04/10/05.

Picked on March 17 at $21.20
Change since picked: - 0.83
Earnings Date 03/03/05 (confirmed)
Average Daily Volume: 155 thousand

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XM Satellite Radio - XMSR - cls: 30.66 chg: -0.01 stop: 32.21

No change from previous update on 04/10/05. Investors were unimpressed by news out today that XMSR had signed a new partnership deal with Time Warner's AOL and a separate deal with Air America radio.

Picked on April 10 at $30.67
Change since picked: - 0.01
Earnings Date 05/05/05 (unconfirmed)
Average Daily Volume: 5.2 million
 

Closed Long Plays

Fresh Del Monte - FDP - close: 30.55 chg: -1.16 stop: 29.99

Whoa! FDP is starting to get volatile again. The stock completely erased Friday's gain with Monday's 3.65 percent decline on above average volume. Not only is today's drop a failed rally at the $32.00 level. This is also a technical two-day reversal pattern. We are exiting now to avoid any further surprises. If the two-day candlestick pattern is correct then FDP should trade lower in the short-term.

Picked on March 22 at $30.82
Change since picked: - 0.27
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 201 thousand
 

Closed Short Plays

None

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