Option Investor
Play Updates

In Play Updates and Reviews

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Long Play Updates

CB Rich. Ellis Grp - CBG - cls: 43.14 chg: -0.86 stop: 39.99 

No change from our previous update. Our target is the $44.50-45.00 range.

Picked on June 20 at $41.40
Change since picked: + 1.74
Earnings Date 08/01/05 (unconfirmed)
Average Daily Volume: 466 thousand

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Cameco - CCJ - close: 44.78 chg: +0.14 stop: 41.47

No change from Monday's update. CCJ looks poised to breakout over the $45.00 level. 

Picked on June 27 at $44.14
Change since picked: + 0.70
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 989 thousand

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Caremark - CMX - close: 44.34 chg: +0.13 stop: 42.45 

No change from our weekend update.

Picked on May 09 at $43.30
Change since picked: + 1.04
Earnings Date 05/03/05 (confirmed)
Average Daily Volume: 2.6 million 

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Deckers Outdoor - DECK - cls: 25.00 chg: -0.05 stop: 23.95 

More conservative traders might want to wait for DECK to trade over $25.20 before initiating new bullish positions here. 

Picked on June 22 at $25.88
Change since picked: - 0.88
Earnings Date 07/21/05 (unconfirmed)
Average Daily Volume: 753 thousand

Short Play Updates

Lear Corp - LEA - close: 37.01 chg: +0.13 stop: 38.51

Yesterday's bounce appears to be struggling with technical resistance at its 40 and 50-dma's still overhead. Any failed rally under $38.00 could be a new bearish entry point. Our target is the $31.00-30.00 range.

Picked on June 26 at $36.37
Change since picked: + 0.64
Earnings Date 07/29/05 (unconfirmed)
Average Daily Volume: 1.4 million 

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Rogers Corp - ROG - close: 40.67 change: -0.08 stop: 43.01 

ROG continues to consolidate above round-number support at the $40.00 level. Conservative traders may actually want to consider taking some profits here. We noticed a spike in volume near the afternoon bounce today and there's still a chance of an oversold bounce back toward the 200-dma. 

Picked on June 20 at $42.40
Change since picked: - 1.73
Earnings Date 07/18/05 (unconfirmed)
Average Daily Volume: 94 thousand

Closed Long Plays

ExxonMobil - XOM - close: 58.44 change: -0.65 stop: 57.99 

Another decline in oil was felt in shares of XOM, which lost 1.1 percent. Shares of XOM actually dipped to $57.94 intraday and that stopped us out at $57.99. We remain longer-term bullish on oil-related equities but we'll wait for what looks like the current consolidation to finish. 

Picked on June 09 at $58.44
Change since picked: + 0.00
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 20.9 million 

Closed Short Plays

Playtex - PYX - close: 10.75 change: +0.33 stop: 10.75

Hmm... an unexpected surge higher pushed PYX through resistance at the $10.40 level and its simple 50-dma. Volume came in above average on the gain. The stock hit a high of $10.76 and closed at our stop loss of $10.75 ending the play. Watch for PYX to have additional resistance near the $11.00 level, which has stymied bulls for the last couple of months. 

Picked on June 26 at $10.17
Change since picked: + 0.58
Earnings Date 08/01/05 (unconfirmed)
Average Daily Volume: 466 thousand

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