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New Plays
Long Plays
Short Plays
FDP None
GILD  
JNPR  
STLD  

Play Editor's Note: The market's bullish reversal looks like a good spot for short-term bullish positions. A few stocks were watching as potential candidates are HANS, PCAR, VRSN, XRAY


New Long Plays

Fresh Del Monte - FDP - cls: 32.82 change: +1.21 stop: 31.75

The pull back in FDP was too sharp and shares hit our stop loss this morning. However, we like the rebound so we're re-listing FDP as a new bullish play again. We're suggesting a stop loss under today's low. More conservative traders may want to wait for a new breakout over $34.00. Our target is the $37.90-38.00 range.

Picked on January 09 at $32.82
Change since picked: + 0.00
Earnings Date 02/27/08 (unconfirmed)
Average Daily Volume: 779 thousand

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Gilead Sciences - GILD - cls: 48.50 chg: +1.65 stop: 45.45

Company Description:
Gilead Sciences is a biopharmaceutical company that discovers, develops and commercializes innovative therapeutics in areas of unmet medical need. (source: company press release or website)

Why We Like It:
GILD is out performing most of its biotech peers and the stock broke out over resistance near $48.00 today. We're suggesting readers buy the breakout or a dip back toward $48.00. Our target is the $53.00-55.00 range. We would be tempted to aim higher but we do not want to hold over the end of January earnings report.

Picked on January 09 at $48.50
Change since picked: + 0.00
Earnings Date 01/31/08 (unconfirmed)
Average Daily Volume: 6.6 million

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Juniper Networks - JNPR - cls: 30.82 chg: +0.42 stop: 29.39

Company Description:
Juniper Networks, Inc. is the leader in high-performance networking. Juniper offers a high-performance network infrastructure that creates a responsive and trusted environment for accelerating the deployment of services and applications over a single network. (source: company press release or website)

Why We Like It:
The NWX networking index may have put in a short-term bottom (like most of the market today). Shares of JNPR have been out performing their peers. Today investors bought the dip in JNPR near its rising 200-dma. The bounce looks like a new entry point to buy the stock. We're suggesting a stop under today's low. Our target is the $34.00-35.00 range. We don't have a lot of time as we plan to exit ahead of the January 24th earnings report.

Picked on January 09 at $30.82
Change since picked: + 0.00
Earnings Date 01/24/08 (confirmed)
Average Daily Volume: 7.7 million

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Steel Dynamics - STLD - cls: 52.85 chg: +0.73 stop: 49.99

Company Description:
Steel Dynamics, Inc. (SDI) is the nations fifth largest producer of carbon steel products with 2006 annual revenues of $3.2 billion and annual shipments of 4.7 million tons. (source: company press release or website)

Why We Like It:
Many market experts are expecting the material stocks to struggle with fourth quarter earnings. STLD has already lowered their Q4 expectations but have guided for a strong 2008. Thus the bad news should already be in the stock but we still don't want to hold over the January earnings report. Meanwhile the market sell-off has pulled STLD toward the bottom of its rising channel. This looks like a new entry point. Our target is the $57.50-60.00 range.

Picked on January 09 at $52.85
Change since picked: + 0.00
Earnings Date 01/28/08 (confirmed)
Average Daily Volume: 2.1 million
 

New Short Plays

None today.
 

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