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Long Play Updates

Encore Acquisition - EAC - close: 39.10 change: +0.20 stop: 37.75*new*

Heads up! EAC dipped toward the $38.00 level this morning but traders bought that dip and sent the stock to a new high of $39.93 this afternoon. Unfortunately, that's not quite good enough to hit our target at the $40.00 mark. However, given the market environment readers may want to strongly consider exiting here for a profit. We are going to raise our stop loss to $37.75.

Picked on January 27 at $36.10
Change since picked: + 3.00
Earnings Date 02/15/05 (unconfirmed)
Average Daily Volume: 173 thousand

Frontier Oil - FTO - close: 28.43 change: -0.48 stop: 27.75

FTO is also pulling back as the markets slip lower. Today's breakdown under the simple 10-dma might be a good warning for our readers to do their own profit taking. Technicals have turned bearish!

Picked on January 27 at $27.05
Change since picked: + 1.38
Earnings Date 02/17/05 (unconfirmed)
Average Daily Volume: 212 thousand

Short Play Updates

None today.

Closed Long Plays

None today.

Closed Short Plays

None today.

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