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Long Play Updates

Archstone-Smith - ASN - close: 38.23 chg: -0.10 stop: 36.26 

No change from yesterday's update. 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: + 1.97
Earnings Date 04/26/05 (confirmed)
Average Daily Volume: 811 thousand

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Canon - CAJ - close: 54.81 change: +0.66 stop: 52.85

A strong day for the Japanese markets helped give CAJ a lift. We continue to suggest readers wait for a new push pas the $55.00 level before considering bullish positions. No change from our weekend update. 

Picked on May 29 at $55.24
Change since picked: - 0.43
Earnings Date 04/27/05 (confirmed)
Average Daily Volume: 157 thousand

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Caremark - CMX - close: 43.18 chg: -0.15 stop: 41.95 

We remain very cautious on CMX right now. We're not suggesting new bullish positions. 

Picked on May 09 at $43.30
Change since picked: - 0.12
Earnings Date 05/03/05 (confirmed)
Average Daily Volume: 2.6 million 

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Greenbrier Co - GBX - close: 29.86 change: +0.72 stop: 25.49

GBX continues to show strength and today's 2.4 percent gain put the stock above resistance at the top of its recent trading range (29.50). Today's move also pushed GBX above its simple 50-dma. Our target is the $32.50-33.00 range. 

Picked on June 01 at $28.67
Change since picked: + 1.19
Earnings Date 06/29/05 (unconfirmed)
Average Daily Volume: 227 thousand

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General Electric - GE - close: 36.32 chg: -0.09 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: 35.40 change: +0.30 stop: 30.95

No change from our previous update. Keep an eye on the 50-dma as potential resistance. Our target is the $38.50-39.50 range. 

Picked on June 05 at $34.33
Change since picked: + 1.07
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 598 thousand

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ExxonMobil - XOM - close: 59.25 change: +0.70 stop: 55.90

There were no surprises with the OPEC meeting today and the weekly oil inventory numbers for the U.S. helped push crude oil higher. We see no change in our strategy with XOM. 

Picked on June 09 at $58.44
Change since picked: + 0.81
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 20.9 million 

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M/I Homes Inc - MHO - close: 52.02 chg: +1.04 stop: 49.65

Our new bullish play in MHO is off to a decent start. The stock added just over two percent, which kept pace with the gains in the DJUSHB index. We see no change from our previous update on 06/14/05. 

Picked on June 14 at $50.98
Change since picked: + 1.04
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume: 143 thousand

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Microsoft - MSFT - close: 25.26 chg: -0.10 stop: 24.60

MSFT dipped to $25.11 before traders bought the dip and pushed the stock back towards the 50-dma. More conservative traders may want to wait for MSFT to trade above its 10-dma near $25.45 before considering new bullish positions. 

Picked on June 14 at $25.24
Change since picked: + 0.02
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 70.8 million 

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Marvel Enterprises - MVL - close: 20.95 change: -0.05 stop: 20.45

No change from yesterday's update.

Picked on June 01 at $21.86
Change since picked: - 0.91
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 911 thousand

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Nova Chemicals - NCX - close: 34.01 change: +1.29 stop: 29.99

Good news! NCX has broken through resistance at the $33.00 level on above average volume. The move also pushed NCX above technical resistance at its 50-dma. Our adjusted target is $37.50 near its exponential 200-dma. 

Picked on June 01 at $33.03
Change since picked: + 0.98
Earnings Date 07/20/05 (unconfirmed)
Average Daily Volume: 660 thousand

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Sirius Satellite Radio - SIRI - cls: 5.91 chg: +0.01 stop: 5.45 

No change from yesterday's update. 

Picked on May 22 at $ 5.65
Change since picked: + 0.26
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 40.0 million 

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Sohu.com - SOHU - close: 21.34 change: +0.11 stop: 19.99

SOHU continues to bounce from its rising simple 10-dma. 

Picked on June 13 at $21.25
Change since picked: + 0.09
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 924 thousand

Short Play Updates

None

Closed Long Plays

Humana - HUM - close: 38.90 chg: -0.58 stop: 35.95 

Target achieved. HUM spiked up to $39.87 this morning before the stock hit any profit taking. This was enough to hit our target range of $39.75-40.00. We are closing the play. 

Picked on May 09 at $36.33
Change since picked: + 2.57
Earnings Date 05/02/05 (confirmed)
Average Daily Volume: 1.3 million 

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Yahoo! Inc. - YHOO - close: 36.32 change: -0.48 stop: 35.99 

News that YHOO had purchased a VoIP provider for an undisclosed sum today was not received with much enthusiasm. Instead the stock continued to sink and broke support at the $36.00 level - at least on an intraday basis. We have been stopped out at $35.99. 

Picked on May 18 at $36.05
Change since picked: + 0.27
Earnings Date 04/19/05 (confirmed)
Average Daily Volume: 20.9 million 

Closed Short Plays

None

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