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Long Play Updates

CB Rich. Ellis Grp - CBG - cls: 44.00 chg: +0.92 stop: 39.99 

Almost there! CBG added another 2.13 percent today and is nearing our target in the $44.50-45.00 range. More conservative traders may want to exit now for a profit. 

Picked on June 20 at $41.40
Change since picked: + 2.60
Earnings Date 08/01/05 (unconfirmed)
Average Daily Volume: 466 thousand

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Cameco - CCJ - close: 44.64 chg: +0.56 stop: 41.47

No change from Monday's update.

Picked on June 27 at $44.14
Change since picked: + 0.56
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 989 thousand

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Caremark - CMX - close: 44.21 chg: +0.66 stop: 42.45 

No change from our weekend update.

Picked on May 09 at $43.30
Change since picked: + 0.91
Earnings Date 05/03/05 (confirmed)
Average Daily Volume: 2.6 million 

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Deckers Outdoor - DECK - cls: 25.05 chg: +0.68 stop: 23.95*new*

Today's bounce back over the $25.00 level looks like a new bullish entry point. We are raising the stop loss to $23.95.

Picked on June 22 at $25.88
Change since picked: - 0.83
Earnings Date 07/21/05 (unconfirmed)
Average Daily Volume: 753 thousand

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ExxonMobil - XOM - close: 59.09 change: -0.21 stop: 57.99*new* 

Crude oil may have taken a tumble today but positive comments on the oil industry from Morgan Stanley probably helped minimize the selling pressure in shares of XOM today. We remain cautious on the stock with its MACD sell signal. We probably wouldn't suggest new positions until XOM traded above the $60 mark again. We are raising the stop loss to $57.99. 

Picked on June 09 at $58.44
Change since picked: + 0.65
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 20.9 million 

Short Play Updates

Lear Corp - LEA - close: 36.88 chg: +1.26 stop: 38.51

The market rally was too strong for the bears and LEA managed a 3.5 percent oversold bounce. The stock remains in a bearish trend but traders may want to give it another day to see where the bounce might fail before considering new bearish positions. 

Picked on June 26 at $36.37
Change since picked: + 0.51
Earnings Date 07/29/05 (unconfirmed)
Average Daily Volume: 1.4 million 

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Playtex - PYX - close: 10.42 change: +0.34 stop: 10.75

We have been warning readers to watch for a bounce back toward the $10.40 level and that's what PYX did today. The stock has technical resistance near $10.40 so a rollover from here could be an attractive entry point for new shorts. Look for a new decline under $10.20. 

Picked on June 26 at $10.17
Change since picked: + 0.25
Earnings Date 08/01/05 (unconfirmed)
Average Daily Volume: 466 thousand

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Rogers Corp - ROG - close: 40.75 change: +0.71 stop: 43.01 

ROG produced an oversold bounce today but it could have been worse. We still expect a decline toward our target at the 50-dma (39.29). 

Picked on June 20 at $42.40
Change since picked: - 1.65
Earnings Date 07/18/05 (unconfirmed)
Average Daily Volume: 94 thousand

Closed Long Plays

Amer. Home Mtg Invest. - AHM - cls: 34.90 chg: -0.10 stop: 34.95

We have been stopped out of AHM at $34.95. The stock's lack of participation in today's market rally really doesn't bode well for the short-term future of the stock. Shares traded in a narrow 20-cent range all day but it was enough to stop us out once shares traded under support at the $35.00 level. 

Picked on June 19 at $36.34
Change since picked: - 1.44
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume: 445 thousand

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Sirius Satellite Radio - SIRI - cls: 6.43 chg: +0.44 stop: 5.79 

Target achieved! Shares of SIRI soared at the open and hit an intraday high of $6.57 today. Our target was the $6.50 level. The stock's rally was fueled by news that SIRI will launch a Korean-language channel and a Chinese-language channel. This is a strong technical breakout over resistance in the $6.10-6.11 region. Some traders may want to let SIRI run and merely cinch up their stops. We're are closing the play and will watch for a pull back toward the $6.11 area. 

Picked on May 22 at $ 5.65
Change since picked: + 0.78
Earnings Date 07/18/05 (unconfirmed)
Average Daily Volume: 40.0 million 

Closed Short Plays

None

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