Option Investor
Newsletter

Daily Newsletter, Thursday, 03/10/2005

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Table of Contents

  1. Market Wrap
  2. New Plays
  3. In Play Updates and Reviews

Market Wrap

Market Wrap

New Plays

Most Recent Plays

New Plays
Long Plays
Short Plays
None None

Play Updates

Updates On Latest Picks

Long Play Updates

Arkansas Best - ABFS - close: 44.32 chg: -0.18 stop: 41.49*new*

We are raising our stop loss to $41.49.

Picked on February 28 at $42.51
Gain since picked: + 1.81
Earnings Date 01/27/05 (confirmed)
Average Daily Volume: 259 thousand

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Benchmark Electronic - BHE - cls: 32.40 chg: -0.35 stop: 31.49

No change from previous update. Trigger to go long is $33.51.

Picked on February xx at $xx.xx <-- see TRIGGER
Gain since picked: + 0.00
Earnings Date 02/08/05 (confirmed)
Average Daily Volume: 453 thousand

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Catellus Dev. REIT - CDX - close: 28.66 chg: +0.55 stop: 27.15

Good news! CDX has bounced from the $28.00 level back above its 50-dma. This looks like a new bullish entry point.

Picked on March 07 at $28.76
Change since picked: - 0.10
Earnings Date 02/25/05 (confirmed)
Average Daily Volume: 397 thousand

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Cox Radio - CXR - close: 16.84 chg: -0.06 stop: 15.39

No change from previous update.

Picked on March 01 at $16.53
Change since picked: + 0.31
Earnings Date 02/23/05 (confirmed)
Average Daily Volume: 334 thousand

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Valassis Comm. - VCI - close: 36.54 chg: -0.07 stop: 34.75

No change from previous update.

Picked on February 23 at $36.12
Gain since picked: + 0.42
Earnings Date 02/22/05 (confirmed)
Average Daily Volume: 337 thousand

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Waters Corp - WAT - close: 49.08 change: +0.48 stop: 47.75

No change from previous update.

Picked on February 2 at $50.20
Gain since picked: - 1.12
Earnings Date 01/27/05 (confirmed)
Average Daily Volume: 643 thousand
 

Short Play Updates

Anheuser Busch - BUD - close: 48.01 chg: +0.25 stop: 50.11

No change from previous update.

Picked on February 7 at $48.32
Gain since picked: - 0.31
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 2.4 million

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Countrywide Financial - CFC - close: 33.62 chg: +0.26 stop: 35.01

CFC did not produce the kind of follow through we were looking for on yesterday's high-volume breakdown. However, readers can watch for a failed rally under the exponential 200-dma near the $34.00 level as a new bearish entry point.

Picked on March 09 at $33.36
Change since picked: + 0.26
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 3.8 million


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Nabi Biopharma - NABI - close: 11.48 chg: -0.11 stop: 13.11


No change from previous update.

Picked on March 06 at $11.80
Change since picked: - 0.32
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 436 thousand

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NY Times - NYT - close: 36.34 chg: +0.21 stop: 38.61

No change from previous update.

Picked on February 20 at $37.20
Gain since picked: - 0.86
Earnings Date 01/25/05 (confirmed)
Average Daily Volume: 516 thousand


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Energy Select Spdr - XLE - close: 42.45 chg: -0.88 stop: 45.15

The XLE energy spdr has dropped another two percent on massive volume that exceeded yesterday's decline. It definitely looks like investors are trying to exit and lock in profits.

Picked on March 09 at $43.33
Change since picked: - 0.88
Earnings Date 00/00/00 (unconfirmed)
Average Daily Volume: 4.1 million
 

Closed Long Plays

First American - FAF - close: 35.41 chg: -0.12 stop: 35.29

There are no surprises here. Following yesterday's breakdown below the $36.00 level and its 50-dma we expected FAF to tag our stop loss at $35.29.

Picked on February 27 at $36.63
Change since picked: - 1.22
Earnings Date 02/16/05 (confirmed)
Average Daily Volume: 444 thousand

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Tesoro Corp - TSO - close: 34.79 chg: -1.59 stop: 34.85

Seeing weakness in shares of TSO is not a surprise either. The sell-off in the energy sector helped push TSO to a drop under support at the $35.00 level. Shares hit our stop loss at $34.85.

Picked on February 22 at $35.15
Change since picked: - 0.36
Earnings Date 02/03/05 (confirmed)
Average Daily Volume: 1.0 million

Closed Short Plays

None today


Watch List

Subtitle

Body goes here

Today's Newsletter Notes: Market Wrap by Jane Fox, all other plays and content by the Option Investor staff.

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