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Play Updates

In Play Updates and Reviews

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Long Play Updates

Arkansas Best - ABFS - close: 44.65 chg: +0.34 stop: 41.49

No change from previous update.

Picked on February 28 at $42.51
Gain since picked: + 2.14
Earnings Date 01/27/05 (confirmed)
Average Daily Volume: 259 thousand

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Benchmark Electronic - BHE - cls: 32.40 chg: +0.25 stop: 31.49

No change from previous update. Trigger to go long at $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: 28.86 chg: +0.57 stop: 27.15

No change from previous update.

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: 17.00 chg: +0.03 stop: 15.99

No change from previous update.

Picked on March 01 at $16.53
Change since picked: + 0.47
Earnings Date 02/23/05 (confirmed)
Average Daily Volume: 334 thousand

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Valassis Comm. - VCI - close: 37.15 chg: +0.39 stop: 34.75

No change from previous update.

Picked on February 23 at $36.12
Gain since picked: + 1.03
Earnings Date 02/22/05 (confirmed)
Average Daily Volume: 337 thousand

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Waters Corp - WAT - close: 48.70 change: +0.19 stop: 47.99

No change from previous update.

Picked on February 2 at $50.20
Gain since picked: - 1.50
Earnings Date 01/27/05 (confirmed)
Average Daily Volume: 643 thousand

Short Play Updates

Anheuser Busch - BUD - close: 47.93 chg: +0.39 stop: 50.11

No change from previous update.

Picked on February 7 at $48.32
Gain since picked: - 0.39
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 2.4 million

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Countrywide Financial - CFC - close: 33.46 chg: +0.46 stop: 35.01

No change from previous update.

Picked on March 09 at $33.36
Change since picked: + 0.10
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 3.8 million


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Nabi Biopharma - NABI - close: 12.06 chg: +0.54 stop: 13.11

Positive news from Genentech (DNA) late in the session and a 21 percent rally by DNA, one of the larger components in the BTK biotech index, helped fuel a rebound in the whole sector. NABI participated in the last hour rally with strong volume coming in. This immediately puts us as bears on the defensive here. The breakout and close over the $12.00 mark doesn't help us. Double check your stop losses and make sure you are comfortable. We'll watch for the $12.50 mark to act as resistance.

chart:

Picked on March 06 at $11.80
Change since picked: + 0.26
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 436 thousand

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NY Times - NYT - close: 36.60 chg: +0.39 stop: 37.35

NYT gave the bears a brief scare on Monday when shares spiked to $37.25 just after 11:30 a.m. The rally failed at NYT's descending 21-dma and the stock fell back toward the day's trading range. We reiterate Sunday's comments about waiting for a new relative low before considering new bearish positions.

chart:

Picked on February 20 at $37.20
Gain since picked: - 0.60
Earnings Date 01/25/05 (confirmed)
Average Daily Volume: 516 thousand


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ScanSource - SCSC - close: 57.79 chg: +0.21 stop: 62.01

No change from previous update.

Picked on March 13 at $ 57.58
Change since picked: + 0.21
Earnings Date 04/28/05 (unconfirmed)
Average Daily Volume = 95 thousand

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Energy Select Spdr - XLE - close: 43.11 chg: +0.31 stop: 45.15

The XLE is bouncing for the second day in a row just as the OIX oil index is churning sideways. A one-day oversold bounce is to be expected. Not seeing any follow through to the downside after two days starts to make us uneasy. Be careful here.

Picked on March 09 at $43.33
Change since picked: - 0.22
Earnings Date 00/00/00 (unconfirmed)
Average Daily Volume: 4.1 million

Closed Long Plays

None today.

Closed Short Plays

None today.

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