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New Plays
Long Plays
Short Plays
None AMB
  BTJ
  HCN

New Long Plays

None today.
 

New Short Plays

AMB Properties - AMB - cls: 56.21 change: -1.60 stop: 58.26

Company Description:
AMB Property Corporation is a leading global developer and owner of industrial real estate, focused on major hub and gateway distribution markets throughout North America, Europe and Asia. (source: company press release or website)

Why We Like It:
The REIT sector is showing a lot of weakness so we're adding a couple of stocks from the group as shorts. AMB has developed a bearish pattern of lower highs and lower lows. Technicals are bearish and the P&F chart points to a $47 target. We are suggesting shorts with AMB under $58.00. The $56 level was support in the past so more conservative readers may want to wait for a decline under $56 before opening positions. There is some support near $54.35 but our target is the $52.00-50.00 range.

Picked on June 11 at $ 56.21
Change since picked: + 0.00
Earnings Date 07/11/07 (unconfirmed)
Average Daily Volume = 680 thousand

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Bolt Tech. - BTJ - cls: 39.16 chg: +0.91 stop: 42.01

Company Description:
Bolt Technology Corporation is a leading worldwide developer and manufacturer of seismic energy sources and underwater connectors used in the offshore seismic exploration for oil and gas. Bolt also designs, manufactures and sells precision miniature industrial clutches, brakes and electric motors. (source: company press release or website)

Why We Like It:
We are fundamentally bullish on oil and oil service stocks. However, with BTJ, on a technical basis, this stock looks ready to crash. The rally ran out of steam in May and shares produced a bearish trend of lower highs from May to June. Last Friday saw a bearish, high-volume breakdown under support near $40 and its 50-dma. The oversold bounce today failed under the $40 level and that has produced a very attractive entry point for shorts. We are suggesting shorts with BTJ under $40.00. We'll use a stop loss at $42.01. More conservative traders may want to tighten their stop toward the $40 level. Our target is the $35.50-35.00 range. Aggressive traders could aim for the rising 100-dma near $32.50. The P&F chart points to a $31 target. FYI: It's very important that readers note BTJ's short interest is about 6% of the 4.9 million-share float. That's a relatively high amount of short interest and a VERY small float. Unfortunately, that could be a recipe for a big short squeeze and the small float might make it prone to manipulation. Trade carefully. A stop loss doesn't always save you.

Picked on June 11 at $ 39.16
Change since picked: + 0.00
Earnings Date 07/27/07 (unconfirmed)
Average Daily Volume = 445 thousand

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Healthcare REIT - HCN - cls: 41.73 chg: -0.51 stop: 43.01

Company Description:
Health Care REIT, Inc., with headquarters in Toledo, Ohio, is a self-administered, equity real estate investment trust that invests across the full spectrum of senior housing and health care real estate, including independent living/continuing care retirement communities, assisted living facilities, skilled nursing facilities, hospitals, long-term acute care hospitals and medical office buildings. (source: company press release or website)

Why We Like It:
HCN is another bearish candidate in the REIT industry. The stock has already broken down under technical support at the 200-dma earlier this month. Now shares are slipping back under support at the $42.00 level. Our one concern was the volume today, which was pretty low. However, HCN did not see any follow through on Friday's bounce and today's session looks like a bearish engulfing candlestick pattern. We're suggesting shorts with HCN under $42.00. There is potential support near $40.00 but our target is the $38.50-38.00 range. We'll use a stop loss above the 200-dma at $43.01 but more conservative traders could use a tighter stop above today's high.

Picked on June 11 at $ 41.73
Change since picked: + 0.00
Earnings Date 08/06/07 (unconfirmed)
Average Daily Volume = 741 thousand
 

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