Option Investor
New Plays
HAVING TROUBLE PRINTING?
Printer friendly version
New Plays
Long Plays
Short Plays
None None

New Long Plays

None today.
 

New Short Plays

None today.
 

In Play Updates and Reviews

Long Play Updates

Amer. Campus Comm. - ACC - close: 26.50 chg: -0.19 stop: 25.49

ACC continued to trade lower but the stock managed a bounce off its lows near the $26.00 level. Our recent update suggested that readers watch for a bounce in the $26.00-26.25 region as a new bullish entry point. We would still consider new bullish positions on a move above $26.75 or $27.00.

Picked on March 15 at $27.11
Change since picked: - 0.61
Earnings Date 03/01/06 (confirmed)
Average Daily Volume: 70 thousand

---

Aeropostale - ARO - close: 30.76 change: -0.30 stop: 29.99

We suspect that ARO will pull back toward the $30.00 level again near its simple 10-dma. Watch for a bounce from the $30.00 region as a new bullish entry point. Our target is the $33.95-34.50 range.

Picked on March 17 at $31.21
Change since picked: - 0.45
Earnings Date 03/09/06 (confirmed)
Average Daily Volume: 1.1 million

---

BE Aerospace - BEAV - close: 24.81 change: +0.17 stop: 22.95

BEAV displayed some relative strength today but the stock remains under resistance at the $25.00 level. We are not suggesting new bullish positions at this time. Our target is the $26.00-26.50 range but more aggressive traders may want to aim higher.

Picked on March 12 at $24.25
Change since picked: + 0.56
Earnings Date 05/05/06 (unconfirmed)
Average Daily Volume: 800 thousand

---

Hewlett Packard - HPQ - cls: 33.54 chg: -0.42 stop: 32.45

HPQ succumbed to profit taking this afternoon although volume on the decline today was light. Technical traders will note that short-term oscillators are turning bearish. We expect a pull back toward the $33.00 level, maybe worse. More aggressive traders may want to think about widening their stop loss and putting it under the simple 50-dma, which could be technical support.

Picked on February 22 at $32.94
Change since picked: + 0.60
Earnings Date 02/15/06 (confirmed)
Average Daily Volume: 13.5 million

---

IAC/InterActive - IACI - close: 30.35 chg: -0.28 stop: 29.95*new*

IACI produced an intraday bearish reversal. Shares also broke down under their simple 10-dma. Short-term technicals are bearish. We expect that shares will dip to the $30.00 level. In order to reduce our risk we're going to raise our stop loss to $29.95. We'd rather get stopped out early and then be ready should IACI reverse higher again.

Picked on March 03 at $30.31
Change since picked: + 0.04
Earnings Date 02/08/06 (confirmed)
Average Daily Volume: 2.1 million

---

Synopsys - SNPS - close: 22.24 change: +0.13 stop: 21.89*new*

Software stock SNPS continues to look weak. The stock is testing support near $22.00 and its simple 50-dma. We are raising our stop loss to $21.89. We are not suggesting new bullish positions at this time.

Picked on March 02 at $22.49
Change since picked: - 0.25
Earnings Date 02/15/06 (confirmed)
Average Daily Volume: 1.4 million

---

Smurfit-Stone - SSCC - close: 13.17 chg: -0.24 stop: 12.99

SSCC has drifted lower toward technical support at its simple 50-dma. Volume continues to be very light on this post-breakout consolidation. Watch for a bounce from $13.00 as a new bullish entry point. There is some resistance around the December-January highs in the $14.25 zone. Conservative traders may want to exit early near $14.25. We're going to target a rally into the $14.95-15.50 range.

Picked on March 19 at $13.58
Change since picked: - 0.41
Earnings Date 04/26/06 (unconfirmed)
Average Daily Volume: 3.1 million
 

Short Play Updates

Baidu.com - BIDU - close: 49.40 change: -1.38 stop: 52.11

Good news. BIDU has fallen back under the $50.00 level. This reversal back under round-number support/resistance at $50.00 is a good sign. However, we would not consider new bearish positions until BIDU traded back under $48.00.

Picked on March 09 at $ 48.32
Change since picked: + 1.08
Earnings Date 05/23/06 (unconfirmed)
Average Daily Volume = 788 thousand

---

Crown Castle Intl. - CCI - close: 29.25 chg: -0.51 stop: 31.01

CCI has produced a failed rally at the $30.00 mark today. We see this as a new bearish entry point for shorts. Our target is the $26.25-26.00 range.

Picked on March 15 at $29.36
Change since picked: - 0.11
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume: 1.1 million

---

N.Y.Times - NYT - close: 25.79 change: -0.20 stop: 26.76

NYT is inching closer to our trigger to short the stock at $25.64. More aggressive traders may want to think about initiating new positions here under $26.00. Our short-term target is only the $24.00 level since we do not want to hold over the earnings report next month. More aggressive traders with a longer time horizon may want to aim lower. Please note that NYT does have relatively strong short interest. The most recent data put short interest at 7.9% of its 134 million-share float.

Picked on March xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/13/06 (confirmed)
Average Daily Volume: 1.1 million

---

Tribune Co. - TRB - close: 28.56 change: -0.18 stop: 31.01

TRB sank to a new two-month low today but shares have not yet broken past the February 2006 low near $28.40. Don't be surprised to see an oversold bounce from that level. Our target is the $26.50-26.00 range. We do not want to hold over the April earnings report.

Picked on March 19 at $29.36
Change since picked: - 0.80
Earnings Date 04/13/06 (confirmed)
Average Daily Volume: 1.6 million
 

Closed Long Plays

None
 

Closed Short Plays

None
 

Today's Newsletter Notes: Market Wrap by Jim Brown and all other plays and content by the Option Investor staff.

DISCLAIMER

Option Investor Inc is neither a registered Investment Advisor nor a Broker/Dealer. Readers are advised that all information is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All opinions, analyses and information included herein are based on sources believed to be reliable and written in good faith, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we do not necessarily update such opinions, analysis or information. Owners, employees and writers may have long or short positions in the securities that are discussed.

Readers are urged to consult with their own independent financial advisors with respect to any investment. All information contained in this report and website should be independently verified.

To ensure you continue to receive email from Option Investor please add "support@optioninvestor.com"

Option Investor Inc
PO Box 630350
Littleton, CO 80163
Copyright Option Investor Inc, 2005
All rights reserved

Premier Investor New Play Archives