Option Investor
Play Updates

In Play Updates and Reviews

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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
Change since picked: + 0.28
Earnings Date 05/14/05 (unconfirmed)
Average Daily Volume: 1.1 million

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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
Change since picked: - 2.77
Earnings Date 05/09/05 (unconfirmed)
Average Daily Volume: 1.0 million

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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
Change since picked: - 1.45
Earnings Date 04/25/05 (unconfirmed)
Average Daily Volume: 114 thousand

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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
Change since picked: + 3.23
Earnings Date 05/10/05 (unconfirmed)
Average Daily Volume: 1.5 million
 

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
Gain since picked: - 2.33
Earnings Date 04/27/05 (unconfirmed)
Average Daily Volume: 2.4 million

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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
Change since picked: - 0.77
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 5.5 million

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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
Change since picked: - 1.50
Earnings Date 03/30/05 (confirmed)
Average Daily Volume: 123 thousand

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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
Change since picked: - 1.97
Earnings Date 05/16/05 (unconfirmed)
Average Daily Volume: 3.0 million

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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
Change since picked: - 0.95
Earnings Date 05/05/05 (confirmed)
Average Daily Volume: 3.5 million

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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
Change since picked: - 1.66
Earnings Date 05/04/05 (confirmed)
Average Daily Volume: 207 thousand

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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
Change since picked: - 1.03
Earnings Date 03/03/05 (confirmed)
Average Daily Volume: 155 thousand

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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.

Picked on April 10 at $30.67
Change since picked: - 2.33
Earnings Date 05/05/05 (unconfirmed)
Average Daily Volume: 5.2 million
 

Closed Long Plays

None
 

Closed Short Plays

None

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