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Long Play Updates

Kerzner Intl - KZL - close: 60.15 chg: -0.10 stop: 57.99

News that KZL had raised $700 million in financing for a resort and theme park in Dubai had no affect on the stock price today. We see no change from our weekend update. KZL continues to trade above the $60.00 level, which should act as round-number support. However, a dip back toward $59.00 would not be out of the question.

Picked on July 22 at $61.01
Change since picked: - 0.86
Earnings Date 08/01/05 (unconfirmed)
Average Daily Volume: 154 thousand

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Steel Dynamics - STLD - cls: 32.10 chg: +0.42 stop: 27.99

Hmm... We're starting to think that STLD may not cooperate with our strategy to buy a dip. The stock managed to rebound off its exponential 200-dma today. It didn't hurt that U.S.Steel (NYSE:X) turned in a very strong session despite missing estimates by 29 cents. Currently we're suggesting readers buy a dip in shares of STLD in the $30.50-30.00 range.

Picked on July xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/19/05 (confirmed)
Average Daily Volume: 1.4 million

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Vital Images - VTAL - close: 19.74 change: +0.36 stop: 17.99*new*

An analyst firm started coverage on VTAL with a "buy" rating this morning and that gave the stock some strength at the opening bell. Unfortunately, VTAL is still struggling under round-number resistance at the $20.00 mark. We would not suggest new plays at this time as we are running low on time. VTAL is due to report earnings on August 2nd and we do not plan to hold over the report. Plus, the NASDAQ, in spite of today's gains, looks poised for more profit taking and that will surely affect VTAL's rally. Currently our plan is to exit VTAL on Friday afternoon at the closing bell. We are raising the stop loss to $17.99.

Picked on July 19 at $18.93
Change since picked: + 0.81
Earnings Date 08/02/05 (confirmed)
Average Daily Volume: 107 thousand
 

Short Play Updates

ATI Tech. - ATYT - close: 13.02 change: +0.12 stop: 13.41

Yet again the SOX continues to defy gravity and this is stalling ATYT's decline lower. Fortunately, news that rival NVDA was downgraded today probably sapped the bulls strength in ATYT as well. We would not open new shorts with ATYT above the $13.00 mark and would instead wait for a decline under $12.80. Our target for ATYT is the $11.50-11.20 range.

Picked on July 17 at $12.83
Change since picked: + 0.19
Earnings Date 09/22/05 (unconfirmed)
Average Daily Volume: 5.9 million

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Amer. Axl & Mfg - AXL - close: 25.71 chg: +0.17 stop: 26.26*new*

Time is almost up! AXL is still bouncing under the $26 level but we're running out of time. We have to exit on Wednesday afternoon to avoid AXL's earnings report on Thursday. We are lowering the stop loss to $26.26 to minimize our risk.

Picked on July 21 at $25.60
Change since picked: + 0.11
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 1.1 million

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FirstFed Financial - FED - cls: 63.45 chg: -0.54 stop: 65.05

Technical oscillators and the MACD indicator are still negative on shares of FED but the stock cannot seem to build any downward momentum yet. We are encouraged that the bounce from Friday's low has waned but there appears to be buyers supporting the stock near $62.50. We suspect that once the major averages turn lower we'll quickly see investors try to lock in profits in FED. Unfortunately we are very quickly running out of time. We have to exit on Wednesday to avoid the company's Thursday earnings report.

Picked on July 21 at $62.60
Change since picked: + 0.85
Earnings Date 07/28/05 (confirmed)
Average Daily Volume: 118 thousand

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Intl Game Tech. - IGT - cls: 27.29 chg: +0.09 stop: 29.01

No change from our previous update. IGT continues to look poised for further losses but we wouldn't be surprised by another oversold bounce back toward $27.75-28.00 before turning lower. Our target is the $24.50-24.00 range.

Picked on July 21 at $27.21
Change since picked: + 0.08
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 2.3 million

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Juniper Networks - JNPR - cls: 23.10 chg: +0.07 stop: 25.61

No change from our previous update. JNPR continues to look weak. Our target is the $21.50-21.00 range.

Picked on July 21 at $23.90
Change since picked: - 0.80
Earnings Date 07/19/05 (confirmed)
Average Daily Volume: 7.5 million

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Par Pharma. - PRX - close: 28.22 chg: -0.40 stop: 29.01 *new*

Shares of PRX hit yet another low today despite a positive press release. Here's an excerpt: "Par Pharmaceutical Companies, Inc. today announced results of a Phase II proof-of-concept clinical trial with concentrated megestrol acetate oral suspension which utilizes NanoCrystal Technology(*). In the trial, patients taking concentrated megestrol acetate 575 mg/5 mL gained more weight, on average, than those taking the older megestrol acetate oral suspension 800 mg/20 mL." The goal was to help HIV patients who experienced excessive weight loss. There was no reaction in the stock price and PRX looks poised to move even lower tomorrow. Don't forget that we plan to exit on Wednesday afternoon at the close to avoid Thursday's earnings report. Our target is the $27.00 mark and we are lowering the stop loss to $29.01.

Picked on July 14 at $29.96
Change since picked: - 1.74
Earnings Date 07/28/05 (confirmed)
Average Daily Volume: 661 thousand

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Sina.com - SINA - close: 27.31 change: +0.03 stop: 28.51

Unfortunately we have nothing new to report on for SINA. The stock traded in a narrow 30-cent range today. Our target is the $25.75-25.50 range (April lows).

Picked on June 30 at $27.90
Change since picked: - 0.59
Earnings Date 08/03/05 (unconfirmed)
Average Daily Volume: 1.4 million

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Triad Hosp. - TRI - close: 49.50 chg: +0.30 stop: 52.31

No change from our previous update on 7/25/05. An oversold bounce after yesterday's decline is not a surprise. As long as TRI trades under $50.00 we would be short the stock. Our target is the $45.50-45.00 range.

Picked on July 25 at $49.20
Change since picked: + 0.30
Earnings Date 07/25/05 (confirmed)
Average Daily Volume: 967 thousand
 

Closed Long Plays

None
 

Closed Short Plays

Viacom - VIA.B - close: 33.29 chg: +0.84 stop: 33.51

Well or VIA.B short play didn't last very long. We added the play last night after its intraday bearish reversal at the simple 40-dma. Today the stock reversed again to the upside after Deutsche Bank named Viacom as its "top pick" in the entertainment sector. Shares soared to an intraday high of $33.65, which stopped us out at $33.51.

Picked on July 25 at $32.45
Change since picked: + 0.84
Earnings Date 08/04/05 (confirmed)
Average Daily Volume: 3.9 million
 

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