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In Play Updates and Reviews

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Long Play Updates

Electro Sci. Ind. - ESIO - close: 17.25 chg: -0.52 stop: 16.79

Uh-oh! Bulls need to turn more defensive. ESIO's lack of participation in today's market rally is a concern. The stock is fighting with resistance at the $18.00 level. More aggressive players may want to consider new bullish positions on a dip towards $17.00. We would prefer to wait for ESIO to trade above the $18.00 level before initiating new positions.

Picked on April 21 at $17.93
Change since picked: - 0.68
Earnings Date 03/22/05 (confirmed)
Average Daily Volume: 181 thousand
 

Short Play Updates

BEA Systems - BEAS - close: 7.20 chg: +0.07 stop: 7.71

No change from our previous update on 04/24/05.

Picked on April 15 at $ 7.68
Change since picked: - 0.48
Earnings Date 05/18/05 (unconfirmed)
Average Daily Volume: 7.6 million

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Boston Scientific - BSX - cls: 29.60 chg: +0.25 stop: 31.51

No change from our previous update on 04/24/05.

Picked on April 19 at $29.05
Change since picked: + 0.55
Earnings Date 04/19/05 (confirmed)
Average Daily Volume: 5.4 million

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Flextronics - FLEX - close: 11.29 chg: +0.08 stop: 11.76

No change from our previous update on 04/24/05. Remember that we plan to exit on Wednesday afternoon to avoid FLEX's earnings report on Thursday.

Picked on March 16 at $11.95
Change since picked: - 0.66
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 5.5 million

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Greenbrier Co - GBX - close: 32.80 chg: +1.22 stop: 34.25

Whoa! Shares of GBX added 3.8 percent on Monday. This was unexpected. It looks like the stock has found new support at its 40-dma. Shares remain under resistance at the $34.00 level but the technical picture is starting to turn against us as bears. More conservative traders may actually want to exit early to avoid any losses. We're going to keep the play open to see if shares fail again at the 21-dma just overhead.

Picked on April 11 at $33.20
Change since picked: - 0.40
Earnings Date 03/30/05 (confirmed)
Average Daily Volume: 123 thousand

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Lowes Companies - LOW - cls: 52.03 change: +0.15 stop: 54.01

No change from our previous update on 04/24/05.

Picked on April 10 at $54.81
Change since picked: - 2.78
Earnings Date 05/16/05 (unconfirmed)
Average Daily Volume: 3.0 million

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Catalina Mktg - POS - close: 23.98 chg: -0.23 stop: 25.25

No change from our previous update on 04/24/05.

Picked on April 22 at $23.80
Change since picked: + 0.18
Earnings Date 05/18/05 (unconfirmed)
Average Daily Volume: 468 thousand

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Sina Corp - SINA - close: 26.43 chg: -0.52 stop: 28.61 *new*

SINA continues to sink and has now broken down under short-term support at the $27.00 level. We are lowering our stop loss to $28.61. Conservative traders may want to consider early exits to avoid the rush as the stock nears our target at the $25.00 level.

Picked on April 13 at $28.52
Change since picked: - 2.09
Earnings Date 05/05/05 (confirmed)
Average Daily Volume: 3.5 million

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Westlake Chem. - WLK - close: 28.03 chg: +0.63 stop: 30.01

Heads up! On Sunday we mentioned that WLK was oversold and due for a bounce. Well it got one today. More importantly the short-term technical oscillators are turning positive and its MACD just produced a new buy signal. Conservative traders may want to consider exiting early with a small profit now. We expect WLK to bounce into the $28.50-28.75 range before encountering any short-term resistance. The stock could easily bounce back toward the $30.00 level before hitting resistance. Be prepared.

Picked on April 08 at $29.19
Change since picked: - 1.16
Earnings Date 05/04/05 (confirmed)
Average Daily Volume: 207 thousand

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West Marine - WMAR - close: 20.18 chg: +0.19 stop: 20.75

No change from our previous update on 04/24/05. Remember that we plan to exit on Wednesday afternoon to avoid WMAR's Thursday earnings report.

Picked on March 17 at $21.20
Change since picked: - 1.02
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 155 thousand

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XM Satellite Radio - XMSR - cls: 27.40 chg: +0.87 stop: 30.01

XMSR produced an oversold bounce today. Look for resistance in the $28.00-28.50 range. More conservative traders may want to exit early for a profit. No change from our previous update on 04/24/05.

Picked on April 10 at $30.67
Change since picked: - 3.27
Earnings Date 04/27/05 (confirmed)
Average Daily Volume: 5.2 million
 

Closed Long Plays

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Closed Short Plays

Knightsbridge Tankers - VLCCF - cls: 44.45 chg: +1.90 stop: 38.90

Target achieved. Another strong day for oil stocks and a little M&A activity in the oil services sector didn't hurt shares of VLCCF. The stock added another 4.4 percent on decent volume to trade into our target range of $44-45. The high today was $44.81. We are closing the play at $44.00. We will keep an eye on VLCCF for a pull back and another opportunity to go long.

Picked on April 19 at $40.31
Change since picked: + 4.14
Earnings Date 05/05/05 (unconfirmed)
Average Daily Volume: 366 thousand
 

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