Long Play Updates
Amer. Egl Outftr - AEOS - cls: 28.47 chg: -0.96 stop: 27.65
We have been telling readers to look for a pull back toward the 40 and 50-dma's. With the market slipping AEOS is headed for these technical support levels. Be patient and wait for a bounce from the 50-dma (probably back over the $29.00 mark) before considering new long positions.
Picked on March 28 at $28.19
Forest Oil - FST - close: 39.23 chg: -0.77 stop: 38.99
No change from previous update on 04/12/05. More conservative traders may want to exit now to avoid further losses. The breakdown under the $40.00 level and its 50-dma looks like bad news. We are going to let our stop loss at $38.99 do the work for us. If FST drops under $38.50 traders may want to consider new bearish positions instead and target the 100-dma above $35.00.
Picked on April 03 at $42.00
Global Imaging - GISX - close: 35.05 chg: -0.78 stop: 34.95
Watch out! More conservative traders may want to head for the exits. Today's market decline pulled GISX under several key moving averages and the stock is testing the $35.00 level.
Picked on April 05 at $36.50
OSI Pharma - OSIP - close: 48.74 chg: +0.44 stop: 44.49*new*
No change from previous update on 04/12/05 and 04/13/05. Our target is the $50.00 level. We are raising the stop loss to $44.49.
Picked on April 08 at $45.51
Short Play Updates
Anheuser Busch - BUD - close: 45.99 chg: -0.07 stop: 47.01
No change from previous update on 04/12/05.
Picked on February 7 at $48.32
Flextronics - FLEX - close: 11.18 chg: -0.29 stop: 12.35
More weakness in tech stocks and the SOX index lead FLEX to another 2.5 percent drop on heavy volume. Shares are nearing their first level of support near the $11.00 mark. Be prepared for an oversold bounce before FLEX continues lower.
Picked on March 16 at $11.95
Greenbrier Co - GBX - close: 31.70 chg: -0.49 stop: 34.49*new*
No change from previous update on 04/11/05. GBX continues to sink with the markets and the Dow Transports, which lost 3 percent on Thursday. Today's weakness was impressive in light of the fact that Morgan Keegan started coverage on GBX with an "out perform" today. We are lowering the stop loss to $34.49. Our target remains the $30.00-28.00 range.
Picked on April 11 at $33.20
Lowes Companies - LOW - close: 52.84 change: -0.97 stop: 56.51
No change from previous update on 04/12/05 and 04/10/05.
Picked on April 10 at $54.81
Sina Corp - SINA - close: 27.57 chg: -0.95 stop: 30.51
No change from previous update on 04/13/05.
Picked on April 13 at $28.52
Westlake Chem. - WLK - close: 27.53 chg: -1.76 stop: 32.01
No change from previous update on 04/10/05. Our target remains the $25.50-25.00 range. In the news the company announced it would report earnings on May 4th, 2005.
Picked on April 08 at $29.19
West Marine - WMAR - close: 20.17 chg: -0.17 stop: 21.55*new*
No change from previous update on 04/10/05. Okay, now we're starting to grow concerned. If a big market breakdown can't pull WMAR below support at the $20.00 level, what will? Readers should be careful here. We are lowering our stop loss to $21.55.
Picked on March 17 at $21.20
XM Satellite Radio - XMSR - cls: 28.34 chg: -1.13 stop: 32.21
No change from previous update on 04/10/05. Our target remains in the $26.00-25.00 range.
on April 10 at $30.67
Closed Long Plays
Closed Short Plays