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New Plays
Long Plays
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None JNPR
  KSWS

New Long Plays

None today.
 

New Short Plays

Juniper Networks - JNPR - cls: 17.18 chg: -0.52 stop: 18.01

Company Description:
Juniper Networks is the leader in enabling secure and assured communications over a single IP network. The company's purpose-built, high performance IP platforms enable customers to support many different services and applications at scale. Service providers, enterprises, governments and research and education institutions worldwide rely on Juniper Networks to deliver products for building networks that are tailored to the specific needs of their users, services and applications. Juniper Networks' portfolio of proven networking and security solutions supports the complex scale, security and performance requirements of the world's most demanding networks. (source: company press release or website)

Why We Like It:
Networking titan CSCO recently reported earnings and investors were unhappy with the cautious tone for the current quarter. This helped spark a sell-off in the networking sector, which is bad news for JNPR, which has already been suffering on its own. JNPR has been consolidating mostly sideways since its January gap down and now we see a double-top pattern near $20.50, combined with a failed rally under its 100-dma. More recently the stock has been wilting under a pattern of lower highs. We want to catch the next leg lower if shares breakdown under support near $17.00. We'll suggest a trigger to short JNPR at $16.89. If triggered our target will be the $15.10-15.00 range. The P&F chart currently points to a $14.50 target.

Picked on May xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/19/06 (unconfirmed)
Average Daily Volume: 11.2 million

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K-Swiss - KSWS - close: 27.70 chg: -0.84 stop: 29.01

Company Description:
K-Swiss Inc. designs, develops and markets an array of athletic footwear for high performance sports use, fitness activities and casual wear under the K-Swiss brand. The Company also designs and manufactures footwear under the Royal Elastics brand. Royal Elastics, a wholly owned subsidiary, is the leading innovator of slip-on, laceless footwear. (source: company press release or website)

Why We Like It:
Shoemaker KSWS has been consolidating under a bearish trend of lower highs for months. Now the stock is on the verge of a significant breakdown. Volume on today's decline was well above the daily average and KSWS looks ready to begin a new leg lower. We're going to suggest a trigger to short the stock at $27.45, which is under support at $27.50. If we are triggered we'll target a decline into the $25.15-25.00 range. More aggressive traders may want to aim lower. The P&F chart points to a $21.00 target. Be advised that the most recent data puts short interest at 5.8% of KSWS' 27 million-share float. That raises the risk of a short squeeze.

Picked on May xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/27/06 (confirmed)
Average Daily Volume: 300 thousand
 

In Play Updates and Reviews

Long Play Updates

Stone Energy - SGY - close: 47.30 chg: -0.47 stop: 45.95

Crude oil marked another gain today with a move over $73 a barrel but this strength did not help the oil stocks. The oil sector failed to escape the market-wide sell-off today. SGY has produced a small, bearish-looking failed rally today so we'd be careful here. Our short-term target will be resistance in the $51.25-51.50 range. More aggressive traders may want to aim higher.

Picked on May 07 at $47.41
Change since picked: - 0.11
Earnings Date 05/03/06 (confirmed)
Average Daily Volume: 560 thousand

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Universal Health - UHS - close: 52.12 chg: -0.04 stop: 49.95

Considering the carnage in the markets today we'd consider a 4-cent loss a victory for UHS. However, we're not suggesting new positions and shares could easily dip to the 10-dma or the $51.00 level. Our target is the $56.00-57.00 range.

Picked on May 10 at $52.15
Change since picked: - 0.03
Earnings Date 04/27/06 (confirmed)
Average Daily Volume: 571 thousand
 

Short Play Updates

Broadcom - BRCM - close: 36.63 chg: -2.47 stop: 39.15 *new*

We thought BRCM looked weak but we didn't expect a 6.3% decline today. Volume on the sell-off was pretty strong at about double the daily average, which is bearish. Our target is the $36.00-35.50 range to account for the simple 200-dma (35.83) and we would not hesitate to exit near $36.00. One note of caution, we expect the 200-dma to act as technical support for BRCM. We also expect the 200-dma to act as support for the SOX semiconductor index. Today's 2.2% decline in the SOX left the index pretty close to its rising 200-dma. We're not suggesting new positions and we're lowering our stop loss to $39.15.

Picked on May 10 at $39.10
Change since picked: - 2.47
Earnings Date 07/20/06 (unconfirmed)
Average Daily Volume: 13.7 million

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Blyth Inc. - BTH - close: 20.41 chg: -0.24 stop: 20.55

There is still no change with BTH. The stock is hovering under resistance near $21.00. We're still suggesting a trigger to short the stock at $19.79 under the March low. If triggered we will target a decline into the $18.25-18.00 range since the $18.00 level has been support in the past.

Picked on April xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 05/24/06 (unconfirmed)
Average Daily Volume: 185 thousand

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Coach Inc. - COH - close: 31.27 chg -0.38 stop: 33.51

COH sank to another new six-month low today and shares traded at our trigger to short the stock at $31.45. The play is now open and our target is the $28.25-27.50 range. More aggressive traders may want to aim lower.

Picked on May 11 at $31.45
Change since picked: - 0.18
Earnings Date 04/25/06 (confirmed)
Average Daily Volume: 2.3 million

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Hi-Tech Pharma - HITK - close: 21.44 chg: -1.47 stop: 25.01

Thursday was another rough day for HITK. The stock broke down under potential support at $22.00 and closed with a 6.4% decline. We do not see any changes from our new play description. Our target is the $20.25-20.00 range.

Picked on May 10 at $22.91
Change since picked: - 1.47
Earnings Date 03/09/06 (confirmed)
Average Daily Volume: 154 thousand

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Red Robin - RRGB - close: 43.75 chg: -1.16 stop: 46.01 *new*

Good news. It looks like RRGB has finally made a decisive break downward. The stock has closed under the $45.00 level and its 50 and 100-dma's. Our target is the $40.25-40.00 range. More aggressive traders may want to aim lower. We'll plan to exit ahead of the mid-May earnings report. Please note we're lowering the stop loss to $46.01.

Picked on April 26 at $43.99
Change since picked: - 0.24
Earnings Date 05/18/06 (confirmed)
Average Daily Volume: 355 thousand

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Tiffany & Co. - TIF - close: 33.63 chg: -0.27 stop: 35.51 *new*

Another day, another decline for TIF. We do not see any changes from our previous updates except that we're adjusting the stop loss to $35.51. Our target is the $32.25-31.75 range.

Picked on April 25 at $35.11
Change since picked: - 1.48
Earnings Date 03/28/06 (confirmed)
Average Daily Volume: 1.3 million
 

Closed Long Plays

Phillips Van-Heusen - PVH - cls: 37.18 chg: -0.82 stop: 37.49

PVH's secondary offering induced decline from yesterday just kept right on going today. The stock was weak from the start and we were stopped out at $37.49.

Picked on April 19 at $38.59
Change since picked: - 1.41
Earnings Date 06/19/06 (unconfirmed)
Average Daily Volume: 332 thousand
 

Closed Short Plays

Healthcare Rlty - HR - cls: 32.49 chg: -1.08 stop: 36.26

Target achieved. We can't find the news but something sparked a gap down in shares of HR today. The stock opened at $33.67 and fell sharply this morning to eventually close with a 3.2% loss near the lows of the session. Volume came in above average, which is bearish. Our target was the $32.50-32.00 range so we're closing the play but the move today looks pretty bad and more aggressive traders may want to aim lower.

Picked on May 04 at $35.32
Change since picked: - 2.83
Earnings Date 05/03/06 (confirmed)
Average Daily Volume: 212 thousand
 

Premier Investor New Play Archives