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Long Play Updates

Archstone-Smith - ASN - close: 35.75 chg: +0.17 stop: 34.85

We continue to suggest caution here. ASN, while positive on Monday, under performed the broader market's rally. We would not suggest new bullish positions until ASN traded back above the $36.00 or $36.25 levels. 

Picked on May 06 at $36.26
Change since picked: - 0.51
Earnings Date 04/26/05 (confirmed)
Average Daily Volume: 811 thousand

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Brookfield Homes - BHS - close: 45.92 chg: +1.71 stop: 42.45

Good news! The housing sector was the single best performing group during Monday's rally. The DJUSHB index added 3.4 percent. Shares of BHS outpaced its peers with a 3.86 percent rebound. The close back over the $45.00 level looks like a new bullish entry point. 

Picked on May 05 at $45.05
Change since picked: + 0.87
Earnings Date 05/02/05 (confirmed)
Average Daily Volume: 100 thousand

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Caremark - CMX - close: 44.19 chg: +1.12 stop: 40.95

Monday's market rally helped fuel a 2.6 percent rush in shares of CMX and the stock closed over resistance at the $44.00 level for another new high. Our target is the $47-48 range. 

Picked on May 09 at $43.30
Change since picked: + 0.89
Earnings Date 05/03/05 (confirmed)
Average Daily Volume: 2.6 million 

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First Bancorp - FBP - close: 41.05 chg: +1.80 stop: 38.49 *new*

Wow! The rebound in the banking sectors finally gave investors some confidence and FBP soared for a 4.5 percent gain. Shares broke out over its simple 40-dma and its short-term seven-day trend of lower highs. This looks like a new bullish entry point. Our target is the $45.00 level. We are raising the stop loss to $38.49. 

Picked on May 05 at $40.37
Change since picked: + 0.68
Earnings Date 04/19/05 (confirmed)
Average Daily Volume: 280 thousand

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Greenhill & Co - GHL - close: 35.35 chg: +0.34 stop: 33.40 

No change from our previous update on 05/15/05. This looks like a new bullish entry point. Our target is the $37-38 range.

Picked on May 09 at $34.11
Change since picked: + 1.14
Earnings Date 04/21/05 (confirmed)
Average Daily Volume: 70 thousand

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Humana - HUM - close: 35.47 chg: +0.78 stop: 32.95

Today's 2.2 percent rebound back above the $35.00 level looks like a new bullish entry point. Over the weekend we suggested that readers wait for a move over the $35.50 level before considering new longs. The stock hit 35.53 just before the closing bell today. Our target is the $40 region.

Picked on May 09 at $36.33
Change since picked: - 0.86
Earnings Date 05/02/05 (confirmed)
Average Daily Volume: 1.3 million 

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Motorola - MOT - close: 16.24 change: +0.03 stop: 15.45

No change from previous update on 05/15/05.

Picked on May 15 at $16.21
Change since picked: + 0.03
Earnings Date 04/20/05 (confirmed)
Average Daily Volume: 13.2 million 

Short Play Updates

A.S.V.Inc. - ASVI - close: 34.79 change: +0.59 stop: 35.31

No change from previous update on 05/15/05. We are still waiting for ASVI to trade under short-term support at the $34.00 level and hit our trigger at $33.99. 

Picked on May xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 122 thousand

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Ball Corp - BLL - close: 37.25 chg: +0.34 stop: 40.05 

No change from previous update on 05/15/05. We are expecting a bounce back toward the $38 level, which should act as resistance.

Picked on May 05 at $38.98
Change since picked: - 1.73
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 611 thousand

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Biomet - BMET - close: 37.49 chg: +0.60 stop: 39.01 

No change from previous update on 05/15/05. Watch for a failed rally under $38.00 as a new bearish entry point.

Picked on May 10 at $37.45
Change since picked: + 0.04
Earnings Date 03/22/05 (confirmed)
Average Daily Volume: 2.4 million 

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Liz Claiborne - LIZ - close: 37.30 change: +0.16 stop: 38.25

No change from previous update on 05/15/05.

Picked on May 15 at $37.14
Change since picked: + 0.16
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 718 thousand

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Mylan Labs - MYL - close: 15.73 change: -0.28 stop: 16.51

Ding! We've been triggered in MYL. The stock continues to sink and shares lost 1.74 percent on Monday. This looks pretty bearish considering the broad-market rally today. Our entry point to go short was at $15.85. If you don't feel like chasing it then wait for a possible bounce toward the $16.00 level as a new bearish entry point.

Picked on May 16 at $15.85
Change since picked: - 0.12
Earnings Date 05/12/05 (confirmed)
Average Daily Volume: 1.6 million

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Catalina Mktg - POS - close: 24.41 chg: +0.35 stop: 24.85 

We are growing uneasy with this POS short play. The stock managed to breakout over its 21-dma on above average volume today. POS is in danger or breaking its trend of lower highs. There is still overhead resistance near $25.00 and its exponential 200-dma near $24.75. More conservative traders may want to consider exiting early. We're going to wait and see if shares fail at the 200-ema again. 

Picked on April 22 at $23.80
Change since picked: + 0.61
Earnings Date 05/18/05 (unconfirmed)
Average Daily Volume: 468 thousand

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UST Inc - UST - close: 44.01 change: +0.45 stop: 46.01

No change from our previous update on 05/15/05.

Picked on May 10 at $44.12
Change since picked: - 0.11
Earnings Date 04/26/05 (confirmed)
Average Daily Volume: 1.0 million 

Closed Long Plays

None

Closed Short Plays

None

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