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In Play Updates and Reviews

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Long Play Updates

Cox Radio - CXR - close: 16.60 chg: +0.00 stop: 15.99

No change from previous update.

Picked on March 01 at $16.53
Change since picked: + 0.07
Earnings Date 02/23/05 (confirmed)
Average Daily Volume: 334 thousand

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Syneron Medical - ELOS - close: 33.75 chg: +1.79 stop: 29.49

The good news in ELOS today is that the stock was highlighted by two analyst firms today. One upgraded ELOS to an "out perform" while the other started coverage with a "buy" rating. Plus, we noticed that the 8 million share secondary offering that we mentioned previously was actually a sale of stock formerly held by company insiders - not new shares that would dilute current shareholder investment. Shares of ELOS added 5.6 percent on the broker comments with volume coming in about three times the average. The bad news today is that ELOS gapped open at $33.65, which was well above our planned entry point at $32.55. We have adjusted our entry but patient traders may want to watch for a pull back. We would suggest buying a bounce in the $32.50 range. Our short-term target remains in the $37.00-38.00 region.

Picked on March 21 at $33.65
Change since picked: + 0.10
Earnings Date 05/09/05 (unconfirmed)
Average Daily Volume: 329 thousand

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Valassis Comm. - VCI - close: 36.06 chg: +0.65 stop: 34.75

We have good news here too. Traders bought the dip to VCI's simple 50-dma this morning and the stock climbed throughout the rest of the session to close back above the $36.00 level. The whole move produced a bullish engulfing candlestick pattern, which is typically a bullish reversal. Readers can use today's bounce as a new entry point.

Picked on February 23 at $36.12
Gain since picked: - 0.06
Earnings Date 02/22/05 (confirmed)
Average Daily Volume: 337 thousand
 

Short Play Updates

Anheuser Busch - BUD - close: 47.47 chg: -0.13 stop: 50.11

No change from previous update.

Picked on February 7 at $48.32
Gain since picked: - 0.85
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 2.4 million

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Countrywide Financial - CFC - close: 32.40 chg: -0.23 stop: 35.01

No change from previous update.

Picked on March 09 at $33.36
Change since picked: - 0.86
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 3.8 million

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Flextronics - FLEX - close: 12.29 chg: +0.06 stop: 13.01

No change from previous update.

Picked on March 16 at $11.95
Change since picked: + 0.36
Earnings Date 04/28/05 (unconfirmed)
Average Daily Volume: 5.5 million

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Nabi Biopharma - NABI - close: 12.23 chg: -0.03 stop: 13.11

No change from previous update.

Picked on March 06 at $11.80
Change since picked: + 0.43
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 436 thousand

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NY Times - NYT - close: 36.03 chg: -0.17 stop: 37.35

No change from previous update.

Picked on February 20 at $37.20
Gain since picked: - 1.17
Earnings Date 01/25/05 (confirmed)
Average Daily Volume: 516 thousand

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ScanSource - SCSC - close: 57.13 chg: +0.09 stop: 60.51

No change from previous update.

Picked on March 13 at $ 57.58
Change since picked: - 0.45
Earnings Date 04/28/05 (unconfirmed)
Average Daily Volume = 95 thousand

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United Industrial Crp. - UIC - cls: 28.52 chg: -0.63 stop: 31.51

No change from previous update.

Picked on March 17 at $29.23
Change since picked: - 0.71
Earnings Date 03/16/05 (confirmed)
Average Daily Volume: 181 thousand

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West Marine - WMAR - close: 21.01 chg: -0.04 stop: 23.11

No change from previous update.

Picked on March 17 at $21.20
Change since picked: - 0.15
Earnings Date 03/03/05 (confirmed)
Average Daily Volume: 155 thousand
 

Closed Long Plays

None today.
 

Closed Short Plays

None today.

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