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Long Play Updates

LM Ericsson - ERICY - close: 34.46 chg: -0.12 stop: 32.99

We see no change from our weekend update. We're still watching for a dip into the $34.00-33.50 region if the markets turn south.

Picked on August 03 at $35.19
Change since picked: - 0.73
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 1.9 million

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Sara Lee - SLE - close: 20.49 chg: +0.12 stop: 19.74

There is no change from our weekend update. We are still on the sidelines. Our suggested entry point to go long the stock is at $20.75.

Picked on August xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 08/04/05 (confirmed)
Average Daily Volume: 2.7 million
 

Short Play Updates

Adobe Systems - ADBE - close: 26.74 change: -0.36 stop: 30.01

No change from our weekend update although we're thinking about adjusting our suggested entry point from $28.00-28.50 to $27.50-28.00. No changes yet.

Picked on July xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 09/15/05 (unconfirmed)
Average Daily Volume: 6.8 million

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Assured Guaranty - AGO - close: 23.03 chg: +0.30 stop: 24.05

There is no change with our strategy in AGO. We're still on the sidelines waiting for AGO to confirm the bearish reversal. Our suggested entry point to short the stock is $22.39. Today's bounce from the simple 50-dma is not a good sign but considering the weakness in the broader market we're not giving up yet.

Picked on August xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 08/04/05 (confirmed)
Average Daily Volume: 229 thousand

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A.S.V.Inc - ASVI - close: 45.75 chg: -0.75 stop: 49.01

ASVI is trending lower with the market. The stock continues to look a bit overbought from its May-July rally and we're looking for a consolidation toward the simple 200-dma.

Picked on July 28 at $45.87
Change since picked: - 0.12
Earnings Date 07/28/05 (confirmed)
Average Daily Volume: 120 thousand

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ATI Tech. - ATYT - close: 12.36 change: -0.12 stop: 13.26

ATYT managed to bounce twice from the $12.30 level today but the overall trend was indeed bearish. Now that the SOX has reversed we expect ATYT to retest its July lows. Our target is $11.50-11.20.

Picked on July 17 at $12.83
Change since picked: - 0.47
Earnings Date 09/22/05 (unconfirmed)
Average Daily Volume: 5.9 million

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Biogen Idec - BIIB - close: 38.42 chg: +0.30 stop: 40.01

Lehman Brothers downgraded biotech stock Genzyme and that helped propel the whole sector lower. Actually the BTK biotech index hit new three-week lows and appeared to confirm its recent bearish reversal. That's good news for our play in BIIB, which was triggered today when BIIB traded at $37.99 this morning. BIIB did bounce and traders who are looking for entry point might consider waiting to see if the bounce carries BIIB toward the $39 level. A failed rally near $39.00 (or under $40.00) would work as an attractive entry point for shorts. Our target is the $35.00-34.50 range.

Picked on August 08 at $37.99
Change since picked: + 0.43
Earnings Date 07/26/05 (confirmed)
Average Daily Volume: 4.6 million

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Anheuser Busch - BUD - cls: 44.30 chg: -0.38 stop: 46.25

No change from our weekend update. We are targeting the $40.25-40.00 range before its October earnings.

Picked on July 28 at $44.77
Change since picked: - 0.47
Earnings Date 07/27/05 (confirmed)
Average Daily Volume: 2.3 million

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D.R.Horton - DHI - close: 36.76 change: -1.69 stop: 40.51

The homebuilders got hammered again today as investors worried about rising interest rates and the affects on the housing industry. The DJUSHB home construction index lost 3.3%. Shares of DHI under performed its peers with a 4.39% decline on big volume. This broke the simple 50-dma. Shares do look a little short-term oversold so we wouldn't be surprised to see a bounce. Readers can watch for the bounce to fail under the $39.00-39.50 region and use it as a new bearish entry point. Our target is still the $35.00-34.50 range.

Picked on August 07 at $38.45
Change since picked: - 1.69
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 2.9 million

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Intl Game Tech. - IGT - cls: 26.86 chg: -0.25 stop: 29.01

We see no change from our weekend update. IGT has broken down to new three-month lows and under support near the 27.00 mark. Our target is the $24.50-24.00 range.

Picked on July 21 at $27.21
Change since picked: - 0.35
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 2.3 million

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Juniper Networks - JNPR - cls: 23.11 chg: -0.52 stop: 25.11

Tech stocks were some of the worst performers today and JNPR under performed its peers with a 2.2% decline. Tomorrow and Wednesday should be interesting. All along we've been saying that one of the biggest risk to shorts here is any unexpected good news from CSCO when they report earnings after the closing bell on Tuesday, August 9th. Our target for JNPR s the $21.50-21.00 range.

Picked on July 21 at $23.90
Change since picked: - 0.79
Earnings Date 07/19/05 (confirmed)
Average Daily Volume: 7.5 million

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LifePoint Hosp. - LPNT - cls: 46.48 chg: +0.16 stop: 47.26

There is no change from our weekend update. We remain on the sidelines waiting for LPNT to confirm the breakdown under its trendline of support. Our suggested entry point $44.95 under round-number support at the $45.00 mark (and technical support at its 100-dma). Traders can take note that LPNT produced another failed rally under its five-week trend of lower highs today.

Picked on August xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/27/05 (confirmed)
Average Daily Volume = 686 thousand

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Royal Caribbean - RCL - cls: 45.63 chg: -0.10 stop: 48.01

No change from our weekend update. Our target is the $41.25-41.00 range.

Picked on July 27 at $45.50
Change since picked: + 0.33
Earnings Date 07/27/05 (confirmed)
Average Daily Volume: 1.3 million

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Triad Hosp. - TRI - close: 47.65 chg: -0.53 stop: 50.51

TRI sank to another new three-month low today under its late July dip. That's good news for the bears. Our target is the $45.50-45.00 range above its simple 200-dma.

Picked on July 25 at $49.20
Change since picked: - 1.55
Earnings Date 07/25/05 (confirmed)
Average Daily Volume: 967 thousand

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Xilinx - XLNX - close: 27.49 chg: -0.33 stop: 29.01

So far so good. The SOX semiconductor index continues to turn lower under some long overdue profit taking. That is pushing XLNX lower as well with the stock breaking support. We see no changes from our weekend update. Our target is the $26.10-26.00 range.

Picked on August 04 at $27.91
Change since picked: - 0.42
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 6.1 million
 

Closed Long Plays

Kerzner Intl - KZL - close: 58.98 chg: -0.72 stop: 58.99

Time has run out and we've been stopped out. KZL broke down today under its 100-dma and 200-dma, which should have acted as technical support. Yet we had planned to exit today anyway to avoid holding over KZL's earnings report that is due out tomorrow.

Picked on July 22 at $61.01
Change since picked: - 2.03
Earnings Date 08/09/05 (confirmed)
Average Daily Volume: 154 thousand
 

Closed Short Plays

Air T, Inc. - AIRT - close: 11.31 change: -2.49 stop: 15.01

We would say our target has been achieved but in reality our target has been surpassed. We have to be honest here. If we had known that AIRT was going to report earnings after the bell on Friday we would not have held over the event. The reaction could have just as easily have been positive and we would be at a loss. Instead the reaction was negative (-18% today) and AIRT opened at $11.55 and dropped to $11.30. We are closing the play at the opening price since it's under our suggested target.

Picked on August 03 at $13.84
Change since picked: - 2.53
Earnings Date 06/17/05 (confirmed)
Average Daily Volume: 289 thousand
 

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