Option Investor
Play Updates

In Play Updates and Reviews

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Long Play Updates

Cox Radio - CXR - close: 16.85 chg: +0.19 stop: 16.39

No change from previous update.

Picked on March 01 at $16.53
Change since picked: + 0.32
Earnings Date 02/23/05 (confirmed)
Average Daily Volume: 334 thousand

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Fresh Del Monte - FDP - close: 30.69 chg: +0.13 stop: 29.89

No change from previous update.

Picked on March 22 at $30.82
Change since picked: - 0.13
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 201 thousand

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Syneron Medical - ELOS - close: 32.40 chg: -1.30 stop: 29.99*new*

We are getting a little impatient with the lack of bullish follow through in ELOS. Therefore we are raising our stop loss to $29.99.

Picked on March 21 at $33.65
Change since picked: - 1.25
Earnings Date 05/09/05 (unconfirmed)
Average Daily Volume: 329 thousand

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Innovative Solutions... - ISSC - cls: 32.82 chg: -0.93 stop: 29.25

ISSC is showing some profit taking today. That in and of itself is not unusual. Unfortunately what we don't like is the bearish engulfing candlestick created on Monday. We would expect ISSC to trend lower tomorrow but find support in the $31.50-32.00 region. Readers can use a bounce from these levels as a new bullish entry point.

Picked on March 22 at $31.50
Change since picked: + 1.32
Earnings Date 01/19/05 (confirmed)
Average Daily Volume: 193 thousand

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Technical Olympic - TOA - cls: 31.10 chg: -0.10 stop: 28.95

No change from previous update.

Picked on March 22 at $30.45
Change since picked: + 0.65
Earnings Date 02/16/05 (confirmed)
Average Daily Volume: 135 thousand

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Valassis Comm. - VCI - close: 35.51 chg: -0.12 stop: 34.75

No change from previous update. We expect shares to test the $35.00 level as support soon.

Picked on February 23 at $36.12
Gain since picked: - 0.61
Earnings Date 02/22/05 (confirmed)
Average Daily Volume: 337 thousand
 

Short Play Updates

Anheuser Busch - BUD - close: 47.45 chg: +0.17 stop: 49.01

No change from previous update.

Picked on February 7 at $48.32
Gain since picked: - 0.87
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 2.4 million

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Countrywide Financial - CFC - close: 31.96 chg: +0.10 stop: 35.01

No change from previous update. News of a new CFO did little to affect the stock price.

Picked on March 09 at $33.36
Change since picked: - 1.30
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 3.8 million

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Flextronics - FLEX - close: 12.10 chg: -0.06 stop: 13.01

No change from previous update.

Picked on March 16 at $11.95
Change since picked: + 0.15
Earnings Date 04/28/05 (unconfirmed)
Average Daily Volume: 5.5 million

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Nabi Biopharma - NABI - close: 12.38 chg: -0.03 stop: 13.11

Keep an eye on the BTK biotech index. The BTK appeared to produce a failed-rally at the 510 level and its 200-dma on Monday. Shares of NABI turned lower too but managed to bounce back by the close. If the BTK continues lower then we would expect NABI to follow. Shares of NABI are still under its four-month trendline of lower highs.

Picked on March 06 at $11.80
Change since picked: + 0.58
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 436 thousand

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NY Times - NYT - close: 35.80 chg: +0.24 stop: 37.35

No change from previous update.

Picked on February 20 at $37.20
Gain since picked: - 1.40
Earnings Date 01/25/05 (confirmed)
Average Daily Volume: 516 thousand

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ScanSource - SCSC - close: 54.99 chg: -0.96 stop: 60.51

Good news! SCSC has now broken down under the $55.00 level.

Picked on March 13 at $ 57.58
Change since picked: - 2.58
Earnings Date 04/28/05 (unconfirmed)
Average Daily Volume = 95 thousand

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Symyx Tech. - SMMX - close: 23.00 chg: +0.49 stop: 25.01*new*

There are no surprises here. Our last update stated that we were expecting SMMX to bounce and shares added 2.17 percent on Monday. What alarms us is the very strong volume on the rebound. Currently we are watching for SMMX to bounce back toward resistance near the $24.00 level. A failed rally near $24.00 and its 200-dma could be used as a new bearish entry point. We are lowering our stop loss to $25.01.

Picked on March 21 at $23.79
Change since picked: - 0.79
Earnings Date 02/03/05 (confirmed)
Average Daily Volume: 173 thousand

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United Industrial Crp. - UIC - cls: 29.65 chg: +0.21 stop: 31.51

No change from previous update.

Picked on March 17 at $29.23
Change since picked: + 0.42
Earnings Date 03/16/05 (confirmed)
Average Daily Volume: 181 thousand

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West Marine - WMAR - close: 20.76 chg: +0.01 stop: 23.11

No change from previous update.

Picked on March 17 at $21.20
Change since picked: - 0.44
Earnings Date 03/03/05 (confirmed)
Average Daily Volume: 155 thousand
 

Closed Long Plays

Phazar Corp - ANTP - close: 29.70 chg: +4.70 stop: 19.99

Target achieved! ANTP continues to impress with a huge 18.8 percent rally on Monday with volume surging past last week's big numbers. The stock has traded into our $29.00-30.00 target range and we are closing the play as planned. If you choose not to close the play be sure to adjust your stop loss. Readers should also be careful of potential round-number resistance at $30.00 and historical resistance near $31.75 from early February.

Picked on March 24 at $23.01
Change since picked: + 6.69
Earnings Date 01/05/05 (confirmed)
Average Daily Volume: 1.0 million
 

Closed Short Plays

None

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