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Play Updates

In Play Updates and Reviews

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Long Play Updates

Amer. Egl Outftr - AEOS - cls: 29.10 chg: +0.42 stop: 26.55

No change from previous update.

Picked on March 28 at $28.19
Change since picked: + 0.91
Earnings Date 05/14/05 (unconfirmed)
Average Daily Volume: 1.1 million

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Cox Radio - CXR - close: 16.83 chg: +0.18 stop: 16.45

No change from previous update.

Picked on March 01 at $16.53
Change since picked: + 0.30
Earnings Date 02/23/05 (confirmed)
Average Daily Volume: 334 thousand

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Fresh Del Monte - FDP - close: 30.38 chg: +0.20 stop: 29.89

Lack of participation in today's market bounce is somewhat discouraging. Be careful and look for a move back over $31 before considering new longs.

Picked on March 22 at $30.82
Change since picked: - 0.44
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 201 thousand

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Syneron Medical - ELOS - close: 31.08 chg: +0.13 stop: 29.99

Lack of participation in today's market bounce is somewhat discouraging. Technicals continue to weaken. Look for a bounce back over $32.00 or 32.50 before considering new longs.

Picked on March 21 at $33.65
Change since picked: - 2.57
Earnings Date 05/09/05 (unconfirmed)
Average Daily Volume: 329 thousand

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Innovative Solutions. - ISSC - cls: 32.57 chg: +0.07 stop: 29.25

No change from previous update.

Picked on March 22 at $31.50
Change since picked: + 1.07
Earnings Date 01/19/05 (confirmed)
Average Daily Volume: 193 thousand

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Technical Olympic - TOA - cls: 29.43 chg: +0.02 stop: 28.95

Be careful here. The home construction index did not participate in the market rally and neither did TOA. Look for a move back over $30.00 or $30.50 before considering new bullish positions.

Picked on March 22 at $30.45
Change since picked: - 1.02
Earnings Date 02/16/05 (confirmed)
Average Daily Volume: 135 thousand
 

Short Play Updates

Anheuser Busch - BUD - close: 47.50 chg: +0.24 stop: 49.01

No change from previous update. Bear Stearns downgraded BUD to a "peer perform" today.

Picked on February 7 at $48.32
Gain since picked: - 0.82
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 2.4 million

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Countrywide Fncl - CFC - close: 32.47 chg: +0.81 stop: 34.05*new*

The banking stocks bounced with the market and CFC produced its own oversold bounce. Watch the $33.00 level for potential resistance. We are lowering our stop loss to $34.05.

Picked on March 09 at $33.36
Change since picked: - 0.79
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 3.8 million

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Flextronics - FLEX - close: 12.25 chg: +0.09 stop: 12.55

We are encouraged that FLEX did not join the market or the SOX index in today's bounce. However, FLEX's technicals are starting to turn positive and if the market continues to bounce FLEX could easily join it. Double-check your stops. We would not suggest new bearish positions unless FLEX traded under $12.00 again.

Picked on March 16 at $11.95
Change since picked: + 0.30
Earnings Date 04/28/05 (unconfirmed)
Average Daily Volume: 5.5 million

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Nabi Biopharma - NABI - close: 12.35 chg: +0.36 stop: 13.11

If NABI trades over its 50-dma again or the $12.75 mark we may exit early to cut our losses. Double-check your stop loss.

Picked on March 06 at $11.80
Change since picked: + 0.55
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 436 thousand

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Companhia Vale - RIO - close: 30.84 chg: +1.23 stop: 32.01

No change from previous update.

Picked on March 29 at $29.61
Change since picked: + 1.23
Earnings Date 05/11/05 (unconfirmed)
Average Daily Volume: 2.8 million

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Symyx Tech. - SMMX - close: 22.36 chg: -0.20 stop: 24.51

No change from previous update.

Picked on March 21 at $23.79
Change since picked: - 1.43
Earnings Date 02/03/05 (confirmed)
Average Daily Volume: 173 thousand

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United Industrial Crp. - UIC - cls: 29.65 chg: +0.57 stop: 31.51

UIC erased yesterday's 57-cent loss. Technicals are starting to turn positive. Consider waiting for UIC to trade at $28.70 or lower before considering new bearish positions.

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: 21.40 chg: +0.30 stop: 23.11

No change from previous update.

Picked on March 17 at $21.20
Change since picked: + 0.20
Earnings Date 03/03/05 (confirmed)
Average Daily Volume: 155 thousand
 

Closed Long Plays

None
 

Closed Short Plays

NY Times - NYT - close: 36.42 chg: +0.41 stop: 37.35

We are choosing an early exit in NYT. Today's follow through on yesterday's high-volume bounce does not look good for the bears. Yes, the long-term trend and intermediate trend are both bearish but NYT is very oversold. Look for the $38.00 level to be the next significant level of resistance.

Picked on February 20 at $37.20
Gain since picked: - 0.78
Earnings Date 01/25/05 (confirmed)
Average Daily Volume: 516 thousand

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ScanSource - SCSC - close: 51.64 chg: +0.06 stop: 55.45

SCSC continued lower through the first half of Wednesday's session and traded below our target at $51.00. Today's low was $50.28 before traders finally stepped in to buy the dip. The stock looks very oversold and we would expect the bounce to continue, at least short-term. We are closing the play at $51.00 as previously discussed.

Picked on March 13 at $ 57.58
Change since picked: - 5.94
Earnings Date 04/28/05 (unconfirmed)
Average Daily Volume = 95 thousand
 

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