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New Long Plays

UltraShort SmallCap - SDD - cls: 71.21 change: -1.54 stop: 68.25

Company Description:
The SDD is the UltraShort SmallCap ProShares exchange traded fund that moves to twice the inverse of the daily performance in the S&P SmallCap 600 index.

Why We Like It:
If small caps go down then the SDD goes up. The SDD broke through resistance in just the last couple of days. Today's dip back to $70 looks like a new entry point to get long this ETF. We're suggesting a stop loss at $68.25. More conservative traders could try a stop closer to $69.50 or $70.00 instead. We have two targets. We would exit most of the position at $74.90. Our secondary, more aggressive target is at $79.50.

Picked on June 25 at $71.21
Change since picked: + 0.00
Earnings Date 00/00/00
Average Daily Volume: 63 thousand


Companhia Siderurgica Nac. - SID - cls: 43.87 chg: +1.88 stop: 40.99

Company Description:
Companhia Siderurgica Nacional (CSN) is a steel producer in Brazil.

Why We Like It:
SID is still up significantly for the quarter so the stock could see some window dressing in the next three days. Furthermore the simple 100-dma has been support in the past and SID has been bouncing near its 100-dma for the past three sessions. Today's relative strength was fueled by better than normal volume. More aggressive traders may want to buy it here. We think there could be a dip tomorrow so we're suggesting readers buy SID in the $42.75-42.00 zone. Our first target is $45.95. Our secondary target is the $49.50-50.00 zone.

Picked on June xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 08/04/08 (unconfirmed)
Average Daily Volume: 3.3 million


TBS Intl. - TBSI - close: 38.09 change: +1.59 stop: 34.99

Company Description:
TBS International Limited is an ocean transport and shipping company with liner, parcel, bulk or vessel chartering available.

Why We Like It:
The shipping stocks are starting to bounce again. TBSI has found support at its trendline of higher lows (see chart). We are suggesting bullish positions now. However, if you are the patient type, then consider waiting for a dip back to the $37.00-36.50 region before initiating positions. We have two targets. Our first target is $42.50. Our second target is $44.90.

Picked on June 25 at $38.09
Change since picked: + 0.00
Earnings Date 04/04/08 (unconfirmed)
Average Daily Volume: 1.0 million

New Short Plays

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