Option Investor
Play Updates

In Play Updates and Reviews

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Long Play Updates

Archstone-Smith - ASN - close: 36.81 chg: +0.97 stop: 34.85

Good news! ASN erased Friday's losses and broke out to new relative highs on Monday. This looks like a new bullish entry point. Our target is the $38.50-39.00 range.

Picked on May 06 at $36.26
Change since picked: + 0.55
Earnings Date 04/26/05 (confirmed)
Average Daily Volume: 811 thousand

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Brookfield Homes - BHS - close: 47.30 chg: +1.30 stop: 42.45

BHS produced another high-volume gain adding 2.8 percent on volume more than three times the average. We see no change from our previous update on 05/08/05.

Picked on May 05 at $45.05
Change since picked: + 2.25
Earnings Date 05/02/05 (confirmed)
Average Daily Volume: 100 thousand

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First Bancorp - FBP - close: 40.25 chg: -0.43 stop: 37.00

FBP dipped to $39.50 this morning but that's where traders bought the dip. We continue to believe this is a bullish entry point. More conservative traders might want to consider a tighter stop loss near the $38 level. No change from our previous update.

Picked on May 05 at $40.37
Change since picked: - 0.12
Earnings Date 04/19/05 (confirmed)
Average Daily Volume: 280 thousand
 

Short Play Updates

Ball Corp - BLL - close: 39.40 chg: +0.22 stop: 41.01

The market-wide rally on Monday was enough to lift BLL off its lows of the session. We remain bearish but readers might want to wait and see if shares trade near and then roll over under the $40.00 level (a.k.a. a failed rally) before initiating new positions.

Picked on May 05 at $38.98
Change since picked: + 0.42
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 611 thousand

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Biomet - BMET - close: 38.18 chg: -0.21 stop: 39.51

Almost! BMET dipped to $37.67 this morning before managing a meager bounce. We're encouraged by the stock's relative weakness today. We are still waiting for BMET to trade at or below our entry point of $37.45 to open the play.

Picked on May xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 03/22/05 (confirmed)
Average Daily Volume: 2.4 million

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Boston Scientific - BSX - cls: 29.50 chg: -0.11 stop: 31.51

No change from our previous update on 05/08/05.

Picked on April 19 at $29.05
Change since picked: + 0.45
Earnings Date 04/19/05 (confirmed)
Average Daily Volume: 5.4 million

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Novellus - NVLS - close: 23.78 change: +0.01 stop: 25.01

The SOX semiconductor index is inching higher toward resistance at the 400 level. Meanwhile NVLS continues to display relative weakness. A Forbes article today mentioned some Bear Stearns comments on NVLS who believe that longer-term NVLS could be attractive but shorter-term there are worries about the second quarter. We see no change from our previous update.

Picked on April 29 at $23.40
Change since picked: + 0.38
Earnings Date 04/18/05 (confirmed)
Average Daily Volume: 4.0 million

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Catalina Mktg - POS - close: 24.59 chg: +0.34 stop: 25.25

No change from our previous update on 05/08/05. POS remains under resistance at the $25.00 mark.

Picked on April 22 at $23.80
Change since picked: + 0.79
Earnings Date 05/18/05 (unconfirmed)
Average Daily Volume: 468 thousand
 

Closed Long Plays

None
 

Closed Short Plays

None

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