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Long Play Updates

Archstone-Smith - ASN - close: 38.16 chg: -0.07 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: + 1.90
Earnings Date 04/26/05 (confirmed)
Average Daily Volume: 811 thousand

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Canon - CAJ - close: 54.29 change: -0.52 stop: 52.85

No change from our previous update. We are still suggesting that readers wait for CAJ to trade above the $55.00 level before considering new positions. We're two weeks into this play and CAJ has been consolidating sideways. If we don't see some upward momentum soon we'll close this play and look elsewhere.

Picked on May 29 at $55.24
Change since picked: - 0.95
Earnings Date 04/27/05 (confirmed)
Average Daily Volume: 157 thousand

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Caremark - CMX - close: 44.10 chg: +0.92 stop: 41.95

Today's 2.13 percent rebound in CMX did a lot to renew our interest in the stock. Readers may want to consider new bullish positions if the stock can trade over the $44.40-44.50 range.

Picked on May 09 at $43.30
Change since picked: + 0.80
Earnings Date 05/03/05 (confirmed)
Average Daily Volume: 2.6 million

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Greenbrier Co - GBX - close: 30.42 change: +0.56 stop: 27.75*new*

GBX is looking pretty good here with today's breakout over the $30.00 level. The rebound in the Dow Transportation average didn't hurt either. Readers can choose to go long here or wait for a dip back toward the $30.00 region. Our target is the $32.50-33.00 range. We are raising our stop loss to $27.75.

Picked on June 01 at $28.67
Change since picked: + 1.75
Earnings Date 06/29/05 (unconfirmed)
Average Daily Volume: 227 thousand

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General Electric - GE - close: 36.11 chg: -0.21 stop: 34.95

Wow! Would you believe that we're almost there. GE continues to drift lower and is nearing our suggested entry range in the $36.00-35.50 region. Of course readers might feel more confident if they wait for not only the dip but also the rebound back above the $36.00 level before initiating new positions. One potential risk here is that the DJIA breaks out over the 10,600 level and GE follows it higher before dipping into our entry 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: 36.41 change: +1.01 stop: 32.95 *new*

Another strong day for GGC has pushed the stock above minor resistance in the $35.50 region and right to technical resistance at its 50-dma. Our target is the $38.50-39.50 range. We are raising our stop loss to $32.95.

Picked on June 05 at $34.33
Change since picked: + 2.08
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 598 thousand

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ExxonMobil - XOM - close: 60.12 change: +0.87 stop: 55.90

Crude oil continues to rise and the oil sector indices are approaching or making new all-time highs. Shares of XOM are also on the up swing with a push past the $60.00 mark today. Our target is the $63.00-64.00 range.

Picked on June 09 at $58.44
Change since picked: + 1.68
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 20.9 million

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M/I Homes Inc - MHO - close: 52.81 chg: +0.79 stop: 49.65

The homebuilders produced another strong session following yesterday's bullish technical breakout and this morning's healthy housing data. MHO continues to rally from its recent test of support near the $50.00 level. Today appears to be a breakout over its descending trendline of resistance we outlined on its chart two days ago. Our only concern is the incredibly low volume today, which doesn't inspire any confidence.

Picked on June 14 at $50.98
Change since picked: + 1.83
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume: 143 thousand

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Marvel Enterprises - MVL - close: 21.17 change: +0.22 stop: 20.45

No change from yesterday's update. We would suggest that readers wait for MVL to trade over $21.50 before considering new bullish positions. There are just three weeks left before MVL's Fantastic Four movie hits theaters.

Picked on June 01 at $21.86
Change since picked: - 0.69
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 911 thousand

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Nova Chemicals - NCX - close: 34.54 change: +0.53 stop: 29.99

No change from our previous update on 06/15/05.

Picked on June 01 at $33.03
Change since picked: + 1.51
Earnings Date 07/20/05 (unconfirmed)
Average Daily Volume: 660 thousand

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Sirius Satellite Radio - SIRI - cls: 5.99 chg: +0.08 stop: 5.55*new

There was a lot of volume on SIRI's opening gap higher today but bulls are still struggling with resistance near $6.10-6.11. We are raising our stop loss to $5.55.

Picked on May 22 at $ 5.65
Change since picked: + 0.34
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 40.0 million

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Sohu.com - SOHU - close: 21.69 change: +0.35 stop: 19.99

A strong day for tech stock and a decent rally in the Internet sector helped push SOHU to another new relative high.

Picked on June 13 at $21.25
Change since picked: + 0.44
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 924 thousand
 

Short Play Updates

General Maritime - GMR - close: 40.75 change: -0.08 stop: 42.01

Ding! We have been triggered in this new bearish play. The opening weakness for GMR dipped just low enough to tag our suggested entry point at $39.90 before bouncing back above the $40.00 level. The trend remains a bearish one but we are not suggesting new bearish positions until GMR trades under $39.90. We repeat we would not consider new bearish positions until GMR trades under today's low.

Picked on June 16 at $39.90
Change since picked: + 0.85
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume: 720 thousand
 

Closed Long Plays

Microsoft - MSFT - close: 25.04 chg: -0.22 stop: 24.60

After all that waiting for MSFT to dip back toward support and our suggested entry point we're going to exit early. MSFT is showing a serious lack of strength here and has broken its two-month supporting trendline of higher lows. We would rather close the play and take a small loss than see the stock continue to decline. We may reconsider bullish positions if MSFT can trade above $25.75 and/or its 200-dma.

Picked on June 14 at $25.24
Change since picked: - 0.20
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 70.8 million
 

Closed Short Plays

None
 

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