Option Investor
Play Updates

In Play Updates and Reviews

HAVING TROUBLE PRINTING?
Printer friendly version

Long Play Updates

Knightsbridge Tankers - VLCCF - cls: 42.00 chg: +2.85 stop: 37.90

A big bounce in May crude oil futures helped the oil-related stocks turn in a decent performance. Shares of VLCCF popped higher at the open, traded sideways during lunchtime and raced higher again toward the close. Our trigger was to go long at $40.31 and the play is now open. The MACD indicator has produced a new buy signal (again) and the RSI indicator is showing a fresh breakout. VLCCF is trading at a new high. Our short-term target is the $44.00-45.00 range.

Picked on April 19 at $40.31
Change since picked: + 1.69
Earnings Date 05/05/05 (unconfirmed)
Average Daily Volume: 366 thousand
 

Short Play Updates

BEA Systems - BEAS - close: 7.27 chg: -0.03 stop: 8.04

Good news! BEAS' lack of participation in today's market bounce is a definite sign of weakness. Still we do expect a possible oversold bounce back toward the $7.60-7.70 range. Be prepared. There are no other changes from our previous update on 04/18/05.

Picked on April 15 at $ 7.68
Change since picked: - 0.41
Earnings Date 05/18/05 (unconfirmed)
Average Daily Volume: 7.6 million

---

Anheuser Busch - BUD - close: 45.27 chg: -0.43 stop: 47.01

BUD continues to show relative weakness. The stock dipped under the $45.00 level today. Shares are getting closer to our $44-43 target range. Don't be surprised to see an oversold bounce back to $46.00 or 46.50 before shares continue lower. More conservative traders may want to consider exiting here for a profit.

Picked on February 7 at $48.32
Gain since picked: - 3.05
Earnings Date 04/27/05 (confirmed)
Average Daily Volume: 2.4 million

---

Flextronics - FLEX - close: 10.77 chg: +0.21 stop: 11.76

Traders should be ready for a bounce in FLEX. The stock has put in what looks like a short-term bottom between $10.40 and $11.00. The positive Intel earnings news tonight after the closing bell is bound to lift the semiconductor sector tomorrow. FLEX could rally back toward the $11.40-11.60 region pretty easily.

Picked on March 16 at $11.95
Change since picked: - 1.18
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 5.5 million

---

Greenbrier Co - GBX - close: 31.95 chg: +0.30 stop: 34.49

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

Picked on April 11 at $33.20
Change since picked: - 1.25
Earnings Date 03/30/05 (confirmed)
Average Daily Volume: 123 thousand

---

Lowes Companies - LOW - cls: 52.60 change: -0.46 stop: 55.01

Good news! There was no follow through on Monday's bounce for LOW. Today's lack of participation in the market rally is a good sign for the bears.

Picked on April 10 at $54.81
Change since picked: - 2.21
Earnings Date 05/16/05 (unconfirmed)
Average Daily Volume: 3.0 million

---

Sina Corp - SINA - close: 27.94 chg: +0.74 stop: 30.51

Here we go! The last few days we've been warning readers to expect some volatility in shares of SINA as the market reacts to the big name Internet stock earnings reports out this week. SINA added 2.7 percent today outpacing the INX Internet index. After the closing bell Yahoo (YHOO) turned in a positive earnings report and now SINA is trading closer to $28.59 (near its simple 200-dma) after hours. We are watching for a failed rally near the $30.00 level, which should be tougher resistance. Readers considering new positions can wait to see where SINA fails before opening any plays.

Picked on April 13 at $28.52
Change since picked: - 0.58
Earnings Date 05/05/05 (confirmed)
Average Daily Volume: 3.5 million

---

Westlake Chem. - WLK - close: 28.47 chg: +0.78 stop: 30.51

We've been expecting an oversold bounce and that's what WLK is producing . Watch for a failed rally near resistance at the $30.00 level. No change from previous update on 04/17/05.

Picked on April 08 at $29.19
Change since picked: - 0.72
Earnings Date 05/04/05 (confirmed)
Average Daily Volume: 207 thousand

---

West Marine - WMAR - close: 20.28 chg: +0.08 stop: 21.01

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

Picked on March 17 at $21.20
Change since picked: - 0.90
Earnings Date 03/03/05 (confirmed)
Average Daily Volume: 155 thousand

---

XM Satellite Radio - XMSR - cls: 27.54 chg: +0.35 stop: 30.26

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

Picked on April 10 at $30.67
Change since picked: - 3.13
Earnings Date 04/27/05 (confirmed)
Average Daily Volume: 5.2 million
 

Closed Long Plays

None
 

Closed Short Plays

None

Premier Investor Play Update Archives