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In Play Updates and Reviews

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Long Play Updates

Amer. Egl Outftr - AEOS - cls: 29.55 chg: +0.45 stop: 26.55

AEOS continues to rally and shares are nearing our initial target and resistance at the $30.00 level. Short-term traders may want to consider an early exit and quick profit here or near $30.00. We are going to hang on to the stock and see if shares can breakout.

Picked on March 28 at $28.19
Change since picked: + 1.36
Earnings Date 05/14/05 (unconfirmed)
Average Daily Volume: 1.1 million

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Cox Radio - CXR - close: 16.81 chg: -0.02 stop: 16.45

No change from previous update.

Picked on March 01 at $16.53
Change since picked: + 0.28
Earnings Date 02/23/05 (confirmed)
Average Daily Volume: 334 thousand

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Fresh Del Monte - FDP - close: 30.52 chg: +0.14 stop: 29.89

No change from previous update.

Picked on March 22 at $30.82
Change since picked: - 0.30
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 201 thousand

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Syneron Medical - ELOS - close: 31.86 chg: +0.78 stop: 29.99

ELOS is bouncing and its RSI oscillator is turning somewhat bullish again. We suggested new entries on a bounce back over $32.00 or $32.50 and shares did trade over $32.00 today. Unfortunately there was not much volume behind today's 2.5 percent rally, which should tell traders to be skeptical.

Picked on March 21 at $33.65
Change since picked: - 1.79
Earnings Date 05/09/05 (unconfirmed)
Average Daily Volume: 329 thousand

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Innovative Solutions. - ISSC - cls: 31.75 chg: -0.82 stop: 29.25

ISSC's strength is fading and we're almost back to where we started. It is possible that ISSC could pull back to $31.00 or even $30.00 before bouncing again. We would be hesitant to consider new bullish plays at this time. The best-case scenario is that ISSC is producing a short-term bull-flag pattern. If this is true then we'd wait for a breakout from the flag before going long again.

Picked on March 22 at $31.50
Change since picked: + 0.25
Earnings Date 01/19/05 (confirmed)
Average Daily Volume: 193 thousand

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Technical Olympic - TOA - cls: 30.20 chg: +0.77 stop: 28.95

Good news! TOA bounced from technical support at the 40-dma to add 2.6 percent and push the stock back above the $30.00 mark. This looks like a new bullish entry point but keep a wary eye on the DJUSHB home construction index. Tomorrow TOA should begin trading split-adjusted for its 5-for-4 stock split. That should put the stock just over $24.00. Our entry point will be adjusted to $24.36. We're going to adjust our target to $25.50-26.50.

Picked on March 22 at $30.45
Change since picked: - 0.25
Earnings Date 02/16/05 (confirmed)
Average Daily Volume: 135 thousand
 

Short Play Updates

Anheuser Busch - BUD - close: 47.39 chg: -0.11 stop: 49.01

No change from previous update.

Picked on February 7 at $48.32
Gain since picked: - 0.93
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 2.4 million

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Countrywide Fncl - CFC - close: 32.46 chg: -0.01 stop: 34.05

No change from previous update.

Picked on March 09 at $33.36
Change since picked: - 0.80
Earnings Date 02/02/05 (confirmed)
Average Daily Volume: 3.8 million

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Flextronics - FLEX - close: 12.04 chg: -0.21 stop: 12.55

FLEX loses 1.7 percent to under perform the SOX index on Thursday. The stock is poised right at $12.00 support and could be ready to breakdown tomorrow. We are suggesting new bearish positions when shares break $12.00. Our target is the $10.00-10.25 range. We will close the play before its April earnings report.

Picked on March 16 at $11.95
Change since picked: + 0.09
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 5.5 million

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Symyx Tech. - SMMX - close: 22.05 chg: -0.31 stop: 24.51

No change from previous update.

Picked on March 21 at $23.79
Change since picked: - 1.74
Earnings Date 02/03/05 (confirmed)
Average Daily Volume: 173 thousand

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United Industrial Crp. - UIC - cls: 29.62 chg: -0.03 stop: 31.51

No change from previous update.

Picked on March 17 at $29.23
Change since picked: + 0.39
Earnings Date 03/16/05 (confirmed)
Average Daily Volume: 181 thousand

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West Marine - WMAR - close: 21.26 chg: -0.14 stop: 23.11

No change from previous update.

Picked on March 17 at $21.20
Change since picked: + 0.06
Earnings Date 03/03/05 (confirmed)
Average Daily Volume: 155 thousand
 

Closed Long Plays

Nabi Biopharma - NABI - close: 12.48 chg: +0.13 stop: 13.11

We are choosing an early exit in NABI. The stock is still in a downtrend and remains under its trendline of resistance dating back to the December peak. We don't like the relative strength in its current consolidation. Readers may want to keep an eye on it and watch for a drop under $11.75 as a new bearish entry point. Or even consider bullish positions if shares breakout over $13.25.

Picked on March 06 at $11.80
Change since picked: + 0.68
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 436 thousand

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Companhia Vale - RIO - close: 31.61 chg: +0.77 stop: 32.01

We expected a bounce and outlined where RIO could bounce to in our original play description. We even suggested potential entry points on a failed rally. Today's pop over the $32.00 level and its 50-dma looks like we put our stop loss too close. Of course we could blame Goldman Sachs and their $100 oil forecast this morning but we won't. We are stopped out at $32.25, which is where RIO opened at this morning.

Picked on March 29 at $29.61
Change since picked: + 2.00
Earnings Date 05/11/05 (unconfirmed)
Average Daily Volume: 2.8 million
 

Closed Short Plays

None

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