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Long Play Updates

Amer. Home Mtg Invest. - AHM - cls: 36.22 chg: -0.23 stop: 34.95

There is still no change from our weekend update. AHM is bouncing around its $35.50-37.00 trading range. Readers can choose to buy a bounce from the bottom of the range or wait for a breakout.

Picked on June 19 at $36.34
Change since picked: - 0.12
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume: 445 thousand

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Canon - CAJ - close: 54.60 change: -0.26 stop: 53.45 

Remember, we're not suggesting bullish positions until CAJ can trade over $55.00 again. If we don't see some action soon we'll close this play. Currently we are planning on closing CAJ on Friday afternoon. 

Picked on May 29 at $55.24
Change since picked: - 0.64
Earnings Date 04/27/05 (confirmed)
Average Daily Volume: 157 thousand

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CB Rich. Ellis Grp - CBG - close: 41.00 chg: +0.19 stop: 38.49

Wonderful! CBG dipped toward the $40.00 level as we had hoped for and traders were quick to buy the dip. We see this as a new bullish entry point. 

Picked on June 20 at $41.40
Change since picked: - 0.40
Earnings Date 08/01/05 (unconfirmed)
Average Daily Volume: 466 thousand

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Caremark - CMX - close: 44.17 chg: +0.15 stop: 42.45 

No change from our previous update. We are not suggesting new plays at this time.

Picked on May 09 at $43.30
Change since picked: + 0.92
Earnings Date 05/03/05 (confirmed)
Average Daily Volume: 2.6 million 

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Greenbrier Co - GBX - close: 29.66 change: +0.36 stop: 27.99 

It would appear that traders are buying this recent dip in GBX. The stock added 1.22 percent today out performing the Transportation sector. We would consider new bullish positions here. 

Picked on June 01 at $28.67
Change since picked: + 0.99
Earnings Date 06/29/05 (unconfirmed)
Average Daily Volume: 227 thousand

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General Electric - GE - close: 35.72 chg: -0.43 stop: 34.95

Whoa! After weeks of churning today's decline suddenly looks more significant. The drop under the $36.00 level has finally triggered our play. We have been suggesting that readers consider bullish positions once GE dips into the $36.00-35.50 range. The only news we can find that might contribute to GE's relative weakness today appears to be a blurb about its short cycle orders in May. GE stated that short cycle orders grew between 0% and 5% in May that was below the previous April growth of 5% to 10%. Our only concern regarding today's decline in GE was the volume. Volume came in above average and that suggests more weakness ahead. We've said it before and we'll state it again here. As our reader you might be better off waiting for both the dip into our suggested entry range and waiting for GE to bounce back out (above $36.00) before considering bullish positions. Right now we are watching the simple 200-dma at 35.58 and the exponential 200-dma at 35.30 as the next levels of support. We want to remind readers that we do not plan on holding over GE's earnings report. Unfortunately, there is some confusion over GE's report date. Some sources list July 15th or 16th while other sources list GE's report date as July 8th. None of them really give this play a lot of time and it's a serious factor to consider when choosing to step aside or go long. We will probably adjust our target to somewhere in the 37.00-37.50 range if GE does produce a rebound. 

Picked on June 22 at $36.00
Change since picked: - 0.28
Earnings Date 07/16/05 (unconfirmed)
Average Daily Volume: 18.7 million 

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Georgia Gulf - GGC - close: 34.85 change: +0.13 stop: 33.95 

No change from our previous update.

Picked on June 05 at $34.33
Change since picked: + 0.52
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 598 thousand

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ExxonMobil - XOM - close: 59.67 change: +0.16 stop: 56.99 

Oil stocks rebound somewhat following yesterday's pull back. We see no changes from our previous update on 06/21/05.

Picked on June 09 at $58.44
Change since picked: + 1.23
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 20.9 million 

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M/I Homes Inc - MHO - close: 54.28 chg: +0.03 stop: 50.98 

No change from our weekend update. More conservative traders may want to consider taking some profits here. Our target is the $54.90-55.20 range.

Picked on June 14 at $50.98
Change since picked: + 3.30
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume: 143 thousand

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Smurfit-Stone Cont. - SSCC - close: 11.29 chg: -0.12 stop: 10.99

No change from our previous update.

Picked on June 19 at $11.68
Change since picked: - 0.39
Earnings Date 07/22/05 (unconfirmed)
Average Daily Volume: 2.4 million 

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Sirius Satellite Radio - SIRI - cls: 5.92 chg: -0.04 stop: 5.59 

No change from our weekend update. SIRI continues to coil under resistance in the $6.10 region. 

Picked on May 22 at $ 5.65
Change since picked: + 0.27
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 40.0 million 

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Sohu.com - SOHU - close: 23.01 change: +0.09 stop: 20.99 

SOHU continues to show strength and on above average volume. Our target is the $24 level. Yet SOHU is looking overbought and extended here. More conservative traders may want to exit early for a profit. 

Picked on June 13 at $21.25
Change since picked: + 1.75
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 924 thousand

Short Play Updates

Rogers Corp - ROG - close: 42.45 change: +0.05 stop: 45.01

Hmm... still no action in ROG. We'd watch for a bounce to fill the gap. Please see our previous update on 06/20/05 for more details. 

Picked on June 20 at $42.40
Change since picked: - 0.05
Earnings Date 07/18/05 (unconfirmed)
Average Daily Volume: 94 thousand

Closed Long Plays

None

Closed Short Plays

None

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