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In Play Updates and Reviews

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Long Play Updates

Amer. Egl Outftr - AEOS - cls: 29.99 chg: +0.41 stop: 27.65

No change from previous update on 04/10/05.

Picked on March 28 at $28.19
Change since picked: + 1.74
Earnings Date 05/14/05 (unconfirmed)
Average Daily Volume: 1.1 million

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Forest Oil - FST - close: 41.65 chg: -0.16 stop: 38.49

No change from previous update on 04/10/05.

Picked on April 03 at $42.00
Change since picked: - 0.35
Earnings Date 05/09/05 (unconfirmed)
Average Daily Volume: 1.0 million

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Global Imaging - GISX - close: 35.99 chg: +0.24 stop: 34.95

No change from previous update on 04/10/05.

Picked on April 05 at $36.50
Change since picked: - 0.51
Earnings Date 04/25/05 (unconfirmed)
Average Daily Volume: 114 thousand

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OSI Pharma - OSIP - close: 48.07 chg: +1.97 stop: 42.49

A decent day for drugs and biotech following DNA's earnings report last night helped OSIP to a big gain today. OSIP added 4.27 percent on above average volume that was almost twice the norm. Shares of OSIP have cleared potential resistance near $46.80 and are nearing possible resistance at the 40-dma near $48.90. The stock is somewhat short-term overbought so don't be surprised with a dip. We remain bullish and our target is the $50.00 region.

Picked on April 08 at $45.51
Change since picked: + 2.56
Earnings Date 05/10/05 (unconfirmed)
Average Daily Volume: 1.5 million
 

Short Play Updates

Anheuser Busch - BUD - close: 46.71 chg: +0.66 stop: 47.01

Today's market rally helped BUD produce another oversold bounce today. The stock climbed toward old support now new resistance at the $47.00 level. It is not uncommon for a stock to "fill the gap" and now having almost filled the gap it should be primed for more selling. Consider the proximity of BUD's earnings report we are not suggesting new bearish positions. In the news BUD announced that it would not buy rice from the state of Missouri if the state allows "genetically modified, drug-making crops" to be grown there (source: AP).

Picked on February 7 at $48.32
Gain since picked: - 1.61
Earnings Date 04/27/05 (unconfirmed)
Average Daily Volume: 2.4 million

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Flextronics - FLEX - close: 11.74 chg: -0.15 stop: 12.55

No change from previous update on 04/10/05. The drop to a new five-month low and the bearish turnaround in the technicals would suggest this is a new entry point in FLEX. Keep in mind that we don't have much time left before FLEX's earnings report.

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

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Greenbrier Co - GBX - close: 32.85 chg: -0.35 stop: 35.52

No change from previous update on 04/11/05.

Picked on April 11 at $33.20
Change since picked: - 0.35
Earnings Date 03/30/05 (confirmed)
Average Daily Volume: 123 thousand

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Lowes Companies - LOW - close: 55.31 change: +0.84 stop: 56.51

No change from previous update on 04/10/05. We do not believe today's gain is that significant even through shares have closed back above the simple 200-dma. Both LOW and HD moved higher on strength in the industrials and a big move in shares of Black and Decker (BDK). Keep an eye on the $56.00 level. If LOW fails near $56.00 readers can use it as a new bearish entry point.

Picked on April 10 at $54.81
Change since picked: + 0.50
Earnings Date 05/16/05 (unconfirmed)
Average Daily Volume: 3.0 million

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Westlake Chem. - WLK - close: 29.50 chg: +0.73 stop: 32.01

No change from previous update on 04/10/05.

Picked on April 08 at $29.19
Change since picked: + 0.31
Earnings Date 05/09/05 (unconfirmed)
Average Daily Volume: 207 thousand

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West Marine - WMAR - close: 20.54 chg: +0.17 stop: 22.01

No change from previous update on 04/10/05.

Picked on March 17 at $21.20
Change since picked: - 0.66
Earnings Date 03/03/05 (confirmed)
Average Daily Volume: 155 thousand

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XM Satellite Radio - XMSR - cls: 30.46 chg: -0.20 stop: 32.21

No change from previous update on 04/10/05.

Picked on April 10 at $30.67
Change since picked: - 0.21
Earnings Date 05/05/05 (unconfirmed)
Average Daily Volume: 5.2 million
 

Closed Long Plays

None
 

Closed Short Plays

None

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