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Long Play Updates

Archstone-Smith - ASN - close: 36.93 chg: -0.17 stop: 35.35

No change from our previous update.

Picked on May 06 at $36.26
Change since picked: + 0.66
Earnings Date 04/26/05 (confirmed)
Average Daily Volume: 811 thousand

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Canon - CAJ - close: 54.80 change: -0.02 stop: 52.85

No change from our previous update.

Picked on May 29 at $55.24
Change since picked: - 0.44
Earnings Date 04/27/05 (confirmed)
Average Daily Volume: 157 thousand

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Caremark - CMX - close: 44.95 chg: +0.82 stop: 40.95

CMX is showing some nice relative strength today. No change from our previous update on 05/29/05.

Picked on May 09 at $43.30
Change since picked: + 1.65
Earnings Date 05/03/05 (confirmed)
Average Daily Volume: 2.6 million

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Greenbrier Co - GBX - close: 29.22 change: +0.55 stop: 25.49

GBX is producing some follow through on the recent bullish breakout. We see no change from our previous update. Traders may still want to consider waiting for a dip before initiating new bullish positions.

Picked on June 01 at $28.67
Change since picked: + 0.55
Earnings Date 06/29/05 (unconfirmed)
Average Daily Volume: 227 thousand

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General Electric - GE - close: 36.90 chg: -0.03 stop: 34.95

No change from our previous update.

Picked on May xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/16/05 (unconfirmed)
Average Daily Volume: 18.7 million


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Greenhill & Co - GHL - close: 35.76 chg: -0.14 stop: 34.99

No change from our previous update. More conservative traders may want to seriously consider exiting now. The momentum oscillators do not look very good.

Picked on May 09 at $34.11
Change since picked: + 1.62
Earnings Date 04/21/05 (confirmed)
Average Daily Volume: 70 thousand

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Humana - HUM - close: 37.43 chg: +0.21 stop: 32.95

No change from our previous update.

Picked on May 09 at $36.33
Change since picked: + 1.10
Earnings Date 05/02/05 (confirmed)
Average Daily Volume: 1.3 million

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Microsoft - MSFT - close: 25.79 chg: -0.02 stop: 24.60

No change from our previous update on 05/29/05. Our entry point to go long the stock is for MSFT to pull back into the $25.25-25.00 range.

Picked on May xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 70.8 million

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Marvel Enterprises - MVL - close: 21.96 change: +0.10 stop: 20.45

No change from our previous update on 06/01/05. Volume was pretty strong today as MVL tried to breakout over the $22.00 level.

Picked on June 01 at $21.86
Change since picked: + 0.10
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 911 thousand

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Nova Chemicals - NCX - close: 32.00 change: -1.03 stop: 29.99

Yuck! In yesterday's play description we mentioned that traders might want to wait for a pull back toward the $32.00 level but we didn't expect NCX to do it all at once. Wednesday's rise and Thursday's decline looks like a short-term candlestick top. We would now expect NCX to pull back toward the $31.00 region before moving higher. We would be very hesitant to initiating new bullish positions right here. Instead wait for signs of a bounce.

Picked on June 01 at $33.03
Change since picked: - 1.03
Earnings Date 07/20/05 (unconfirmed)
Average Daily Volume: 660 thousand

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Ship Fincl Intl - SFL - close: 20.19 change: +0.54 stop: 18.74*new*

Good news! The rally continues for shares of SFL and volume was pretty strong on today's bullish breakout over round-number, psychological resistance at the $20.00 mark. The next challenge for the bulls is the simple 100-dma near $20.50. SFL is starting to look a little short-term overbought so more patient traders might want to wait for a dip before initiating new bullish positions. We are going to raise our stop loss to $18.74.

Picked on May 31 at $19.34
Change since picked: + 0.85
Earnings Date 05/31/05 (confirmed)
Average Daily Volume: 344 thousand

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Sirius Satellite Radio - SIRI - cls: 6.00 chg: +0.07 stop: 5.45

News that Deutsche Bank started coverage on shares of SIRI with a "market weight" and a $6.00 price target sent the stock gapping down this morning. The selling hit $5.68 before traders bought the dip and shares closed with a gain. Our target is the $6.50-6.75 range.

Picked on May 22 at $ 5.65
Change since picked: + 0.35
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 40.0 million

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Yahoo! Inc. - YHOO - close: 38.50 change: +0.08 stop: 35.99

No change from our previous update. Our target is the $39.00 level.

Picked on May 18 at $36.05
Change since picked: + 2.45
Earnings Date 04/19/05 (confirmed)
Average Daily Volume: 20.9 million
 

Short Play Updates

Ball Corp - BLL - close: 37.61 chg: +0.03 stop: 38.15

No change from our previous update.

Picked on May 05 at $38.98
Change since picked: - 1.31
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 611 thousand
 

Closed Long Plays

None
 

Closed Short Plays

None

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