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Play Updates

In Play Updates and Reviews

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Long Play Updates

Knightsbridge Tankers - VLCCF - cls: 39.75 chg: +1.04 stop: 37.90

No change from previous update on 04/17/05. Trigger to go long is at $40.31.

Picked on April xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 05/05/05 (unconfirmed)
Average Daily Volume: 366 thousand
 

Short Play Updates

BEA Systems - BEAS - close: 7.30 chg: -0.04 stop: 8.04

BEAS gapped lower at the open on Monday after Smith Barney downgraded the stock to a "hold" rating this morning. Shares traded to $7.09, which is pretty close to our target at the $7.00 level. Unfortunately, the stock managed to bounce with traders buying the dip toward its earlier April lows (7.10). The ADBE-MACR merger/acquisition news gave the whole software sector a lift even through the GSO software index still closed in the red. We remain bearish on BEAS but don't be surprised to see a bounce back toward the $7.60-7.70 range before shares trade lower again.

Picked on April 15 at $ 7.68
Change since picked: - 0.38
Earnings Date 05/18/05 (unconfirmed)
Average Daily Volume: 7.6 million

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Anheuser Busch - BUD - close: 45.70 chg: -0.02 stop: 47.01

No change from previous update on 04/17/05.

Picked on February 7 at $48.32
Gain since picked: - 2.62
Earnings Date 04/27/05 (confirmed)
Average Daily Volume: 2.4 million

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Flextronics - FLEX - close: 10.56 chg: +0.11 stop: 11.76

There is no change in our strategy for FLEX but the semiconductor sector could become more volatile over the next couple of days. Traders will be positioning themselves ahead of Intel's (INTC) earnings report due out after the bell on Tuesday. Wednesday the markets will get to react to the Intel announcement and FLEX will likely flow in the direction of the SOX index. Readers should be prepared for more volatility. More conservative traders may want to consider exiting here for a gain.

Picked on March 16 at $11.95
Change since picked: - 1.39
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 5.5 million

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Greenbrier Co - GBX - close: 31.65 chg: +0.35 stop: 34.49

No change from previous update on 04/17/05.

Picked on April 11 at $33.20
Change since picked: - 1.55
Earnings Date 03/30/05 (confirmed)
Average Daily Volume: 123 thousand

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Lowes Companies - LOW - cls: 53.06 change: +1.42 stop: 55.01

There it is! In Sunday's newsletter we cautioned readers to be prepared for an oversold bounce in LOW. We would expect shares to rally toward the $54 level before turning lower again. There is no change in our strategy as discussed in the 04/17/05 update.

Picked on April 10 at $54.81
Change since picked: - 1.75
Earnings Date 05/16/05 (unconfirmed)
Average Daily Volume: 3.0 million

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Sina Corp - SINA - close: 27.15 chg: -0.20 stop: 30.51

No change from previous update on 04/17/05. Don't forget to expect some volatility with all the big name Internet company earnings this week.

Picked on April 13 at $28.52
Change since picked: - 1.34
Earnings Date 05/05/05 (confirmed)
Average Daily Volume: 3.5 million

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Westlake Chem. - WLK - close: 27.69 chg: +0.68 stop: 30.51

No change from previous update on 04/17/05.

Picked on April 08 at $29.19
Change since picked: - 1.50
Earnings Date 05/04/05 (confirmed)
Average Daily Volume: 207 thousand

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West Marine - WMAR - close: 20.20 chg: +0.18 stop: 21.01

No change from previous update on 04/17/05.

Picked on March 17 at $21.20
Change since picked: - 1.00
Earnings Date 03/03/05 (confirmed)
Average Daily Volume: 155 thousand

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XM Satellite Radio - XMSR - cls: 27.19 chg: -0.31 stop: 30.26

No change from previous update on 04/17/05.

Picked on April 10 at $30.67
Change since picked: - 3.48
Earnings Date 04/27/05 (confirmed)
Average Daily Volume: 5.2 million
 

Closed Long Plays

None
 

Closed Short Plays

None

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