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Long Play Updates

Amer. Home Mtg Invest. - AHM - cls: 35.00 chg: -0.32 stop: 34.95

The action today doesn't bode well for AHM. The stock continued to drift lower toward support at the $35.00 level. There was a lot of volume late in the session as AHM churned sideways between $35.10 and 35.20. The close at its low for the day is usually not a good sign for the bulls. 

Picked on June 19 at $36.34
Change since picked: - 1.34
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume: 445 thousand

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CB Rich. Ellis Grp - CBG - cls: 43.08 chg: +0.73 stop: 39.99*new*

CBG continues to show strength and hit another new all-time high today. We are raising the stop loss to $39.99. Our target is the $44.50-45.00 range.

Picked on June 20 at $41.40
Change since picked: + 1.68
Earnings Date 08/01/05 (unconfirmed)
Average Daily Volume: 466 thousand

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Caremark - CMX - close: 43.55 chg: +0.43 stop: 42.45 

No change from our weekend update.

Picked on May 09 at $43.30
Change since picked: + 0.25
Earnings Date 05/03/05 (confirmed)
Average Daily Volume: 2.6 million 

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Deckers Outdoor - DECK - cls: 24.37 chg: -0.62 stop: 23.75

Bullish traders may want to starting eyeing the exit doors. The lack of follow through on last week's breakout over the $25.00 level is discouraging. Granted the market was falling sharply late last week but today should have seen some sign of a bounce. 

Picked on June 22 at $25.88
Change since picked: - 1.51
Earnings Date 07/21/05 (unconfirmed)
Average Daily Volume: 753 thousand

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ExxonMobil - XOM - close: 59.30 change: +1.15 stop: 56.99 

Crude oil hit a new all-time high today near $61.00 a barrel. This filtered through to the oil stocks and shares of XOM added almost two percent today. The bounce looks like a new bullish entry point but watch your stop loss! Oil is looking pretty extended here.

Picked on June 09 at $58.44
Change since picked: + 0.86
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 20.9 million 

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Sirius Satellite Radio - SIRI - cls: 5.99 chg: +0.03 stop: 5.79*new* 

No change from our weekend update although we are raising our stop loss to $5.79. 

Picked on May 22 at $ 5.65
Change since picked: + 0.34
Earnings Date 07/18/05 (unconfirmed)
Average Daily Volume: 40.0 million 

Short Play Updates

Lear Corp - LEA - close: 35.62 chg: -0.75 stop: 38.51

No change from our weekend update.

Picked on June 26 at $36.37
Change since picked: - 0.75
Earnings Date 07/29/05 (unconfirmed)
Average Daily Volume: 1.4 million 

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Playtex - PYX - close: 10.08 change: -0.09 stop: 10.75

PYX dipped under the $10.00 level today but managed to bounce back. We would not be surprised to see a rebound toward the $10.40 level before PYX continues lower. Traders can watch for the failed rally as a new bearish entry point. 

Picked on June 26 at $10.17
Change since picked: - 0.09
Earnings Date 08/01/05 (unconfirmed)
Average Daily Volume: 466 thousand

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Rogers Corp - ROG - close: 40.04 change: -0.31 stop: 43.01*new*

No change from our weekend update. We are lowering the stop loss to $43.01.

Picked on June 20 at $42.40
Change since picked: - 2.36
Earnings Date 07/18/05 (unconfirmed)
Average Daily Volume: 94 thousand

Closed Long Plays

M/I Homes Inc - MHO - close: 51.30 chg: -0.25 stop: 50.98 

MHO displayed some relative weakness today. The housing sector added 2.2 percent but MHO lost about 0.5 percent. The intraday dip to $50.50 was more than enough to stop us out at breakeven or $50.98. 

Picked on June 14 at $50.98
Change since picked: + 0.32
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume: 143 thousand

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Sohu.com - SOHU - close: 21.00 change: -1.15 stop: 21.25 

Ouch! SOHU got hammered today for a 5.19 percent loss. The move broke technical support at its 10-dma and produced a new sell signal in its MACD. We cannot find any catalyst for the decline but other Chinese Internet stocks were also weak today. We'd probably watch for SOHU to test the $20.00 level as support before considering any further plays here. We were stopped out at breakeven or $21.25. 

Picked on June 13 at $21.25
Change since picked: - 0.25
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 924 thousand

Closed Short Plays

None

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