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Long Play Updates

Amer. Egl Outftr - AEOS - cls: 28.68 chg: +0.49 stop: 26.55

An upgrade from Prudential for rival Abercrombie and Fitch (ANF) helped boost AEOS as shares continued to bounce from rising technical support at the 50-dma. No other changes from yesterday's update.

Picked on March 28 at $28.19
Change since picked: + 0.49
Earnings Date 05/14/05 (unconfirmed)
Average Daily Volume: 1.1 million

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Cox Radio - CXR - close: 16.65 chg: -0.20 stop: 16.45*new*

CXR continues to consolidate sideways between $16.50 and $17.10 but given the bearish market environment we are turning defensive. We're adjusting the stop loss to $16.45. We are not suggesting new bullish positions at this time.

Picked on March 01 at $16.53
Change since picked: + 0.12
Earnings Date 02/23/05 (confirmed)
Average Daily Volume: 334 thousand

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Fresh Del Monte - FDP - close: 30.18 chg: -0.51 stop: 29.89

FDP is in danger of breaking support at the $30.00 level. The current roll over has soured most of the technical oscillators. Considering the current short-term bearish trends in the major indices we would not open new bullish positions in FDP until shares traded back over the $31 level.

Picked on March 22 at $30.82
Change since picked: - 0.61
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 201 thousand

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Syneron Medical - ELOS - close: 30.95 chg: -1.45 stop: 29.99

Buckle your seat belts and double-check your stop losses. ELOS has pulled back to round-number, psychological support at the $30.00 level. We would not suggest new bullish positions at this time although more aggressive traders can watch for a bounce back over $32.

Picked on March 21 at $33.65
Change since picked: - 2.70
Earnings Date 05/09/05 (unconfirmed)
Average Daily Volume: 329 thousand

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Innovative Solutions... - ISSC - cls: 32.50 chg: -0.32 stop: 29.25

A failed rally at the 10-dma for the GSO software index eventually saw the GSO close at a new relative low today. This is weighing on shares of ISSC, which tried to rally earlier in the session. We would hesitate before opening any new bullish positions considering the broader market weakness.

Picked on March 22 at $31.50
Change since picked: + 1.00
Earnings Date 01/19/05 (confirmed)
Average Daily Volume: 193 thousand

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Technical Olympic - TOA - cls: 29.41 chg: -1.69 stop: 28.95

Ouch! TOA is proving to be rather volatile. There has been a lot of bearish talk about the homebuilders recently and the DJUSHB home construction index lost 1.88 percent today. TOA under performed its peers with a 5.4 percent decline on relatively heavy volume. The good news here is that TOA has filled the gap from last week and managed to stall its decline at rising technical support in the 40-dma. Readers can use a bounce back above the $30.00 level as a new entry point although we would confirm market direction first before opening new bullish positions.

Picked on March 22 at $30.45
Change since picked: - 1.04
Earnings Date 02/16/05 (confirmed)
Average Daily Volume: 135 thousand
 

Short Play Updates

Anheuser Busch - BUD - close: 47.26 chg: -0.19 stop: 49.01

No change from previous update.

Picked on February 7 at $48.32
Gain since picked: - 1.06
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 2.4 million

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Countrywide Financial - CFC - close: 31.66 chg: -0.30 stop: 35.01

No change from previous update.

Picked on March 09 at $33.36
Change since picked: - 1.60
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: 12.55*new*

Hmm... the SOX semiconductor index lost 1.28 percent today but FLEX hardly moved. Shares actually gained back the six cents it lost yesterday. If the SOX drops under the 410 level and FLEX doesn't breakdown under the $12.00 mark we may exit this play early to protect ourselves. We are lowering our stop loss to $12.55.

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: 11.99 chg: -0.39 stop: 13.11

No change from previous update.

Picked on March 06 at $11.80
Change since picked: + 0.19
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 436 thousand

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NY Times - NYT - close: 36.01 chg: +0.21 stop: 37.35

NYT reaffirmed its Q1 estimates today. The news prompted Prudential to cut its price target on NYT from $36 to $33 but the move had little affect on the shares.

Picked on February 20 at $37.20
Gain since picked: - 1.19
Earnings Date 01/25/05 (confirmed)
Average Daily Volume: 516 thousand

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ScanSource - SCSC - close: 51.58 chg: -3.41 stop: 55.45*new*

SCSC produced a dramatic follow through to yesterday's breakdown under the $55.00 level. Shares lost more than six percent on Tuesday with volume coming in more than three times the norm. The stock managed to stall its descent at $51.20 late this afternoon, which is awfully close to our target at $51.00. We strongly suggest that readers consider exiting here for a profit. We are going to tighten our stop loss to $55.45 and hope that SCSC does tag the $51.00 level tomorrow.

Picked on March 13 at $ 57.58
Change since picked: - 6.00
Earnings Date 04/28/05 (unconfirmed)
Average Daily Volume = 95 thousand

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Symyx Tech. - SMMX - close: 22.56 chg: -0.44 stop: 24.51*new*

Right on cue! We have been predicting that SMMX would rally back towards resistance near $24.00 before rolling over again. Shares hit a high of $23.90, near its 10-dma and then failed. This failed rally looks like a new bearish entry point. We are lowering our stop loss to $24.51.

Picked on March 21 at $23.79
Change since picked: - 1.23
Earnings Date 02/03/05 (confirmed)
Average Daily Volume: 173 thousand

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United Industrial Crp. - UIC - cls: 29.08 chg: -0.57 stop: 31.51

No change from previous update.

Picked on March 17 at $29.23
Change since picked: - 0.15
Earnings Date 03/16/05 (confirmed)
Average Daily Volume: 181 thousand

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West Marine - WMAR - close: 21.10 chg: +0.34 stop: 23.11

Remember, WMAR remains oversold and could bounce back toward resistance near $22.00 before continuing lower.

Picked on March 17 at $21.20
Change since picked: - 0.10
Earnings Date 03/03/05 (confirmed)
Average Daily Volume: 155 thousand
 

Closed Long Plays

Valassis Comm. - VCI - close: 34.59 chg: -0.92 stop: 34.75

We don't see any specific news to account for VCI's gap down this morning but gap down it did. Shares opened at $35.01 and by lunch time had broken below its 100-dma and hit our stop loss at $34.75.

Picked on February 23 at $36.12
Gain since picked: - 1.53
Earnings Date 02/22/05 (confirmed)
Average Daily Volume: 337 thousand
 

Closed Short Plays

None

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