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Long Play Updates

Archstone-Smith - ASN - close: 38.33 chg: +0.23 stop: 36.26 

ASN is almost there. The stock is nearing our target in the $38.50-39.00 range. More conservative types may want to exit early in case ASN fails under resistance again.

Picked on May 06 at $36.26
Change since picked: + 2.07
Earnings Date 04/26/05 (confirmed)
Average Daily Volume: 811 thousand

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Canon - CAJ - close: 54.15 change: +0.36 stop: 52.85

No change from our weekend update. 

Picked on May 29 at $55.24
Change since picked: - 1.09
Earnings Date 04/27/05 (confirmed)
Average Daily Volume: 157 thousand

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Caremark - CMX - close: 43.33 chg: -0.21 stop: 41.95 

It looks like CMX might bounce from the $43.00 level but we remain cautious. If we don't see a bounce soon we are going to exit this play early!

Picked on May 09 at $43.30
Change since picked: + 0.03
Earnings Date 05/03/05 (confirmed)
Average Daily Volume: 2.6 million 

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Greenbrier Co - GBX - close: 29.14 change: +0.54 stop: 25.49

GBX is showing some signs of life again. The stock remains stuck in a sideways trading range between $28.00 and $29.50 but more aggressive traders might want to consider new positions on today's bounce from its simple 200-dma. More conservative players can wait for GBX to trade above $29.50 before initiating new long positions. Our target is the $32.50-33.00 range. 

Picked on June 01 at $28.67
Change since picked: + 0.47
Earnings Date 06/29/05 (unconfirmed)
Average Daily Volume: 227 thousand

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General Electric - GE - close: 36.41 chg: -0.14 stop: 34.95

GE is slowly getting closer to our suggested entry point but thus far we remain on the sidelines. Our plan is to go long the stock on a dip into the $36.00-35.50 range. 

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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Georgia Gulf - GGC - close: 35.10 change: +0.19 stop: 30.95

The consolidation continues to narrow for GGC but today is the first close over the $35.00 level in weeks. Our target is the $38.50-39.50 range. 

Picked on June 05 at $34.33
Change since picked: + 0.77
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 598 thousand

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ExxonMobil - XOM - close: 58.55 change: +0.10 stop: 55.90

XOM continues to slowly drift higher. Readers can choose to go long here, wait for a possible dip toward the $57.50-58.00 region or a breakout over $59.00. 

Picked on June 09 at $58.44
Change since picked: + 0.11
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 20.9 million 

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Humana - HUM - close: 39.48 chg: +0.91 stop: 35.95 *new*

It was another strong day for health insurance stocks like HUM. Shares of HUM added 2.3 percent. The stock is very close to our target range of $39.75-40.00. More conservative traders may want to exit early right here. We are going to raise our stop loss to $35.95. 

Picked on May 09 at $36.33
Change since picked: + 3.15
Earnings Date 05/02/05 (confirmed)
Average Daily Volume: 1.3 million 

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Microsoft - MSFT - close: 25.31 chg: -0.12 stop: 24.60

Ding! We have finally been triggered in our "buy the dip" play in MSFT. Shares dipped to $25.24 near support at its 50-dma and 100-dma. Our suggested entry point was to buy a dip in the $25.00-25.25 region. While we have opened the play more conservative traders may want to wait for MSFT to show signs of a bounce first before considering new positions. Our stop loss is at $24.60 but if MSFT trades under $25.00 we'll probably exit early. 

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: 21.00 change: -0.08 stop: 20.45

Lack of participation in today's rally is not a good sign. We continue to suggest caution and wait for MVL to trade back over $21.50 or $22.00 before considering bullish plays. If we don't see a bounce soon we'll probably close this play early.

Picked on June 01 at $21.86
Change since picked: - 0.86
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 911 thousand

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Nova Chemicals - NCX - close: 32.72 change: +1.53 stop: 29.99

It is amazing how things can change in just a couple of days. NCX confirmed yesterday's rebound with a 4.9 percent rally today on volume almost up to its average. The move also put NCX above its simple 40-dma. We are turning more bullish on the stock and would consider new longs here but more conservative traders might want to wait for NCX to trade over month-long resistance near $33.10 first.

Picked on June 01 at $33.03
Change since picked: - 0.31
Earnings Date 07/20/05 (unconfirmed)
Average Daily Volume: 660 thousand

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Sirius Satellite Radio - SIRI - cls: 5.90 chg: -0.09 stop: 5.45 

The big news for SIRI today was a deal to offer programming to Sprint. Yet the headlines did not provide enough juice to push SIRI above resistance in the $6.00-6.10 range. More conservative traders may want to raise their stop loss toward the $5.60 level.

Picked on May 22 at $ 5.65
Change since picked: + 0.25
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 40.0 million 

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Sohu.com - SOHU - close: 21.23 change: -0.02 stop: 19.99

SOHU is taking a breather today with another mild session consolidating above the $21.00 level. No change from our previous update. 

Picked on June 13 at $21.25
Change since picked: - 0.02
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 924 thousand

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Yahoo! Inc. - YHOO - close: 36.80 change: -0.10 stop: 35.99 

We are growing increasingly wary over YHOO's performance and may choose to exit early if we don't see a rebound soon. 

Picked on May 18 at $36.05
Change since picked: + 0.75
Earnings Date 04/19/05 (confirmed)
Average Daily Volume: 20.9 million

Short Play Updates

None

Closed Long Plays

None

Closed Short Plays

ManTech Intl - MANT - close: 29.56 change: +0.57 stop: 30.05

We are pulling the plug early on MANT. The stock continues to drift higher. Bears could argue that the rebound has been made on low volume and MANT should have overhead resistance near $30.00. We would agree but we'd rather cut our losses now than see MANT continue to climb. 

Picked on June 07 at $28.42
Change since picked: + 1.14
Earnings Date 08/15/05 (unconfirmed)
Average Daily Volume: 165 thousand

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