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Play Updates

In Play Updates and Reviews

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Long Play Updates

Amer. Egl Outftr - AEOS - cls: 29.43 chg: -0.56 stop: 27.65

No change from previous update on 04/10/05. AEOS is holding up pretty well considering the negative retail news today. Watch for another dip toward the 40 and 50-dma's as another bullish entry point.

Picked on March 28 at $28.19
Change since picked: + 1.18
Earnings Date 05/14/05 (unconfirmed)
Average Daily Volume: 1.1 million

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Forest Oil - FST - close: 40.00 chg: -1.65 stop: 38.99*new*

Oil-related stocks were hit hard today after American stockpiles rose for the ninth week in a row. Yet we've been expecting a possible pull back toward the $40.00 level and FST has done just that. Here's the plan. FST is trading near support at $40.00 and crude oil has pulled back to what should be support near $50.00 a barrel. Crude is short-term oversold and due for a bounce so we're not yet willing to give up on FST. However, more conservative traders may want to consider exiting FST anyway since the OIX and OSX indices are turning lower. We're going to raise our stop loss to $38.99.

Picked on April 03 at $42.00
Change since picked: - 2.00
Earnings Date 05/09/05 (unconfirmed)
Average Daily Volume: 1.0 million

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Global Imaging - GISX - close: 35.83 chg: -0.16 stop: 34.95

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

Picked on April 05 at $36.50
Change since picked: - 0.67
Earnings Date 04/25/05 (unconfirmed)
Average Daily Volume: 114 thousand

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OSI Pharma - OSIP - close: 48.30 chg: +0.23 stop: 42.49

No change from previous update on 04/12/05. In the news OSIP announced that it had received its notice of allowance from the U.S. patent office for OSIP's c-Kit/KDR compound, OSI-930, which is a treatment for various forms of cancer. The stock looks short-term overbought and due for a pull back.

Picked on April 08 at $45.51
Change since picked: + 2.79
Earnings Date 05/10/05 (unconfirmed)
Average Daily Volume: 1.5 million
 

Short Play Updates

Anheuser Busch - BUD - close: 46.06 chg: -0.65 stop: 47.01

No change from previous update on 04/12/05.

Picked on February 7 at $48.32
Gain since picked: - 2.26
Earnings Date 04/27/05 (unconfirmed)
Average Daily Volume: 2.4 million

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Flextronics - FLEX - close: 11.47 chg: -0.27 stop: 12.35*new*

The sell-off in the SOX index helped pull FLEX to a 2.29 percent decline on heavy volume. Our target remains the $10.00-10.25 range but we will exit before FLEX's April 28th earnings report. We do note that FLEX's MACD indicator has produced what looks like a new sell signal. We are lowering our stop loss to $12.35.

Picked on March 16 at $11.95
Change since picked: - 0.48
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 5.5 million

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Greenbrier Co - GBX - close: 32.19 chg: -0.66 stop: 35.52

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

Picked on April 11 at $33.20
Change since picked: - 1.01
Earnings Date 03/30/05 (confirmed)
Average Daily Volume: 123 thousand

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Lowes Companies - LOW - close: 53.81 change: -1.46 stop: 56.51

No change from previous update on 04/12/05 and 04/10/05.

Picked on April 10 at $54.81
Change since picked: - 1.00
Earnings Date 05/16/05 (unconfirmed)
Average Daily Volume: 3.0 million

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Westlake Chem. - WLK - close: 29.29 chg: -0.21 stop: 32.01

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

Picked on April 08 at $29.19
Change since picked: + 0.10
Earnings Date 05/09/05 (unconfirmed)
Average Daily Volume: 207 thousand

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West Marine - WMAR - close: 20.34 chg: -0.20 stop: 22.01

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

Picked on March 17 at $21.20
Change since picked: - 0.86
Earnings Date 03/03/05 (confirmed)
Average Daily Volume: 155 thousand

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XM Satellite Radio - XMSR - cls: 29.47 chg: -0.99 stop: 32.21

No change from previous update on 04/10/05. XMSR has broken down below the $30.00 level. If you didn't begin shorts earlier this looks like a bearish entry point.

Picked on April 10 at $30.67
Change since picked: - 1.20
Earnings Date 05/05/05 (unconfirmed)
Average Daily Volume: 5.2 million
 

Closed Long Plays

None
 

Closed Short Plays

None

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