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Long Play Updates

Phazar Corp - ANTP - close: 25.00 chg: +3.34 stop: 19.99

Wow! ANTP produced some fireworks today. The stock shot higher immediately after the open to quickly trade at our trigger price of $23.01 to open the play. The rally continued and shares stopped right at potential, round-number, psychological resistance at the $25.00 mark. Volume came in at almost twice the normal as ANTP broke through its 50-dma to gain 15.4 percent. We're certainly encouraged but want to remind readers that ANTP is very volatile and it could be a rocky ride higher.

Picked on March 24 at $23.01
Change since picked: + 1.99
Earnings Date 01/05/05 (confirmed)
Average Daily Volume: 1.0 million

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Cox Radio - CXR - close: 16.66 chg: -0.07 stop: 16.39

No change from previous update.

Picked on March 01 at $16.53
Change since picked: + 0.13
Earnings Date 02/23/05 (confirmed)
Average Daily Volume: 334 thousand

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Fresh Del Monte - FDP - close: 30.56 chg: -0.49 stop: 29.89

FDP is showing some volatility here if you look over the last three sessions but the short-term trend is bullish given Tuesday's technical breakout. Today's pull back was on low volume and FDP was already starting to bounce late in the session. We would watch for a move back over $31.00 as a new bullish entry point.

Picked on March 22 at $30.82
Change since picked: - 0.26
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 201 thousand

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Syneron Medical - ELOS - close: 33.70 chg: +0.68 stop: 29.49

No change from previous update.

Picked on March 21 at $33.65
Change since picked: + 0.05
Earnings Date 05/09/05 (unconfirmed)
Average Daily Volume: 329 thousand

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Innovative Solutions... - ISSC - close: 33.75 chg: +0.62 stop: 29.25

ISSC turned in another strong gain with strong volume. This marks three strong days in a row.

Picked on March 22 at $31.50
Change since picked: + 2.25
Earnings Date 01/19/05 (confirmed)
Average Daily Volume: 193 thousand

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Technical Olympic - TOA - close: 31.20 chg: +0.75 stop: 28.95

We like the bounce but there was no volume. However, TOA, unlike many other homebuilders, was able to maintain its gains after the positive new home sales news out this morning. Several other builders began to fade into the afternoon. The MACD has produced a new buy signal but we suggest traders prepare themselves for the possibility that TOA may still need to retest the $30.00 level as support.

Picked on March 22 at $30.45
Change since picked: + 0.75
Earnings Date 02/16/05 (confirmed)
Average Daily Volume: 135 thousand

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Valassis Comm. - VCI - close: 35.63 chg: -0.49 stop: 34.75

Heads up! VCI could pull back and retest the rising 50-dma as support again before trying to rebound higher.

Picked on February 23 at $36.12
Gain since picked: - 0.49
Earnings Date 02/22/05 (confirmed)
Average Daily Volume: 337 thousand
 

Short Play Updates

Anheuser Busch - BUD - close: 47.28 chg: -0.11 stop: 50.11

No change from previous update.

Picked on February 7 at $48.32
Gain since picked: - 1.04
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 2.4 million

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Countrywide Financial - CFC - close: 31.86 chg: -0.33 stop: 35.01

No change from previous update. The minor failed rally at the 10-dma today could be a new bearish entry point. Keep in mind that the stock is not that far away from our 30.50-30.35 target range.

Picked on March 09 at $33.36
Change since picked: - 1.40
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 3.8 million

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Flextronics - FLEX - close: 12.16 chg: +0.06 stop: 13.01

No change from previous update.

Picked on March 16 at $11.95
Change since picked: + 0.21
Earnings Date 04/28/05 (unconfirmed)
Average Daily Volume: 5.5 million

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Nabi Biopharma - NABI - close: 12.41 chg: +0.01 stop: 13.11

No change from previous update.

Picked on March 06 at $11.80
Change since picked: + 0.61
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 436 thousand

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NY Times - NYT - close: 35.56 chg: -0.20 stop: 37.35

No change from previous update.

Picked on February 20 at $37.20
Gain since picked: - 1.64
Earnings Date 01/25/05 (confirmed)
Average Daily Volume: 516 thousand

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ScanSource - SCSC - close: 55.96 chg: -0.99 stop: 60.51

No change from previous update.

Picked on March 13 at $ 57.58
Change since picked: - 1.62
Earnings Date 04/28/05 (unconfirmed)
Average Daily Volume = 95 thousand

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Symyx Tech. - SMMX - close: 22.51 chg: -0.13 stop: 26.01

No change from previous update.

Picked on March 21 at $23.79
Change since picked: - 1.28
Earnings Date 02/03/05 (confirmed)
Average Daily Volume: 173 thousand

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United Industrial Crp. - UIC - close: 29.44 chg: +0.44 stop: 31.51

It looks like UIC produced an oversold bounce today but the rebound failed under the $30.50 level. This could be a new bearish entry point but we would wait to see UIC confirm the drop with a move under the $29.00 mark.

Picked on March 17 at $29.23
Change since picked: + 0.21
Earnings Date 03/16/05 (confirmed)
Average Daily Volume: 181 thousand

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West Marine - WMAR - close: 20.75 chg: +0.45 stop: 23.11

No change from previous update.

Picked on March 17 at $21.20
Change since picked: - 0.45
Earnings Date 03/03/05 (confirmed)
Average Daily Volume: 155 thousand
 

Closed Long Plays

None
 

Closed Short Plays

None

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