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TBL None
WNC  

New Long Plays

Timberland Co. - TBL - close: 17.97 chg: +0.32 stop: 17.35

Company Description:
Timberland is a global leader in the design, engineering and marketing of premium-quality footwear, apparel and accessories for consumers who value the outdoors and their time in it. (source: company press release or website)

Why We Like It:
Shoemaker TBL displayed some relative strength today with a 1.8% gain and a bounce from its rising 10-dma. The stock soared back in early May on a better than expected earnings report. Just a few days ago the stock rallied again this time through its 200-dma. Now after a few days of digesting its gains we think TBL might be ready to run again. We're going to try and play with a very tight, conservative stop loss at $17.35. If TBL doesn't rally from here then odds are we will be stopped out tomorrow. Our target is the $19.80-20.00 zone. FYI: TBL has above average short interest. The most recent data listed short interest at more than 13% of the 38.7 million-share float.

Picked on May 20 at $17.97
Change since picked: + 0.00
Earnings Date 05/01/08 (confirmed)
Average Daily Volume: 542 thousand

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Wabash National - WNC - cls: 8.36 chg: +0.21 stop: 7.84

Company Description:
Headquartered in Lafayette, Ind., Wabash National Corporation is one of the leading manufacturers of semi trailers in North America. Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. (source: company press release or website)

Why We Like It:
The long-term trend for WBC's chart is horrendous. The stock appears to be in permanent decline. Yet if you look at the daily chart WBC is now trading in a wide, rising channel. There is a very clear pattern of higher lows. WBC just built a short-term bottom over the last three weeks near $8.00 (really 7.80-8.20). We are suggesting a stop loss at $7.84. Our target is the $9.40-9.50 range. Any further strength could spark more short covering. The most recent data listed short interest at 9.6% of the 30.4 million share float. That's about two weeks worth of short interest.

Picked on May 20 at $ 8.36
Change since picked: + 0.00
Earnings Date 04/28/08 (confirmed)
Average Daily Volume: 214 thousand
 

New Short Plays

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