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New Plays
Long Plays
Short Plays
CSCO CTV
LBTYA VAR
NETC  
WON  

New Long Plays

Cisco Systems - CSCO - cls: 32.30 change: +0.09 stp: 30.90

Company Description:
Cisco is the worldwide leader in networking that transforms how people connect, communicate and collaborate. (source: company press release or website)

Why We Like It:
CSCO has been showing strength and the stock is trading near multi-year highs. The stock's consolidation under the $32.50 level looks like it's about to end with a breakout higher. We want to capture that breakout and we're suggesting a trigger to buy the stock at $32.65. If triggered our target is the $34.75-35.00 range.

Picked on September xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 11/08/07 (unconfirmed)
Average Daily Volume: 56 million

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Liberty Global - LBTYA - cls: 42.33 change: +0.29 stop: 39.99

Company Description:
Liberty Global is the leading international cable operator offering advanced video, voice and broadband Internet services to connect its customers to the world of entertainment, communications and information. As of June 30, 2007, Liberty Global operated state-of-the-art broadband communications networks that served approximately 16 million customers across 17 countries principally located in Europe, Japan, Chile, and Australia. (source: company press release or website)

Why We Like It:
LBTYA spent the last several weeks consolidating its strong 2007 run. Last week's breakout over resistance near $42 and its 50-dma looks like the beginning of a new leg higher. We're suggesting that readers buy the stock now. If you prefer an alternative entry point look for a dip near $41.50 or a new rise over $43.00. Our short-term target is the $44.85-45.00 range. More aggressive traders may want to aim higher.

Picked on September 23 at $42.33
Change since picked: + 0.00
Earnings Date 08/08/07 (unconfirmed)
Average Daily Volume: 2.0 million

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NET Services - NETC - cls: 15.19 change: +0.60 stop: 13.90

Company Description:
NET is the largest pay-television operator in Latin America, based upon the number of subscribers and homes passed. It operates in 44 Brazil's cities, including So Paulo, Rio de Janeiro, Belo Horizonte e Porto Alegre. NET is also the leading provider of high-speed cable modem Internet access through Net Vrtua service. NET's advanced network of coaxial and fiber-optic cable covers over 36,000 kilometers and passes approximately 6,7 million homes. (source: company press release or website)

Why We Like It:
NETC has spent the last five weeks consolidating sideways but that consolidation looks like it's about to end. Shares have tested resistance at the 50-dma twice this past week. We're suggesting a trigger at $15.60 to buy the stock on a breakout. More conservative traders may want to wait for NETC to clear potential resistance at the 100-dma or the $16.00 level before initiating positions. If triggered at $15.60 our target is the $17.75-18.00 range. The P&F chart is bullish with a $21 target. FYI: We can't find a third quarter earnings date yet but the company has a history of reporting in late October or early November. We don't want to hold over the earnings report.

Picked on September xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 10/25/07 (unconfirmed)
Average Daily Volume: 610 thousand

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Westwood One - WON - cls: 2.75 chg: +0.20 stop: 2.24

Company Description:
Westwood One provides over 150 news, sports, music, talk, entertainment programs, features, live events and 24/7 Formats. Westwood One serves more than 5,000 radio stations. (source: company press release or website)

Why We Like It:
Shares of WON have been in a long-term decline for years. However, short-term it looks like the stock may have found a bottom. This past month shares have produced a bullish double-bottom pattern with support at $2.25. Aggressive traders could jump in now. Considering the stock's trend and its price we would consider this a speculative play. We want to get a better entry point so we're suggesting that readers wait for a dip. Our suggested entry range will be a dip into the $2.60-2.50 zone. If triggered we're going to target a rebound into the $3.25-3.50 range.

Picked on September xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 11/08/07 (unconfirmed)
Average Daily Volume: 1.5 million
 

New Short Plays

Commscope - CTV - cls: 52.62 change: -2.18 stop: 56.21

Company Description:
CommScope is a world leader in infrastructure solutions for communication networks. (source: company press release or website)

Why We Like It:
The oversold bounce in CTV is in trouble. The stock rallied sharply from its August lows but ran into trouble around $58.00. More recently shares have been consolidating sideways with support near $52.00. What we find interesting is how the stock failed to breakout higher during last week's big market rally. Technical indicators are bearish and if CTV trades under $52.00 it will produce a new P&F chart sell signal. We're suggesting a trigger to short CTV at $51.75. If triggered our target is the $47.00-45.00 range but we'll adjust it for the rising 200-dma, which will probably be technical support.

Picked on September xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 10/25/07 (unconfirmed)
Average Daily Volume: 1.2 million

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Varian Medical - VAR - cls: 39.28 chg: -0.40 stop: 40.21

Company Description:
Varian Medical Systems, Inc., of Palo Alto, California, is the world's leading manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. (source: company press release or website)

Why We Like It:
The oversold bounce in VAR is already failing. Shares have produced a bearish failed rally under resistance at $40.00 and if that wasn't enough Friday's session was a bearish engulfing candlestick pattern. We're suggesting shorts at current levels. We'll put a stop loss above Friday's high at $40.21. Our target is the $35.50-35.00 range. The P&F chart is bearish and points to a $31 target. We do not want to hold over the late October earnings report.

Picked on September 23 at $39.28
Change since picked: + 0.00
Earnings Date 10/24/07 (unconfirmed)
Average Daily Volume: 997 thousand
 

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