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Long Play Updates

LM Ericsson - ERICY - close: 36.75 chg: +0.80 stop: 33.24

We are very encouraged by ERICY's strength but the stock is looking a little short-term overbought. Watch for a dip back toward the $35.50 region. Our target remains in the $39.50-40.00 range and we are planning on a six to eight week time frame.

Picked on August 03 at $35.19
Change since picked: + 1.56
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 1.9 million

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Sara Lee - SLE - close: 19.94 chg: -0.08 stop: 19.74

The relative weakness in SLE is starting to wear on our enthusiasm for the stock. We're going to give SLE one more day to show some signs of life or we're going to move on. Currently 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

Assured Guaranty - AGO - close: 22.27 chg: +0.12 stop: 24.05

We see no change from our previous update. Traders who are still looking for a new entry point can watch for a bounce back toward the $22.60-22.80 region. A failed rally there could be a new entry. Our target is the $20.50-20.00 range.

Picked on August 10 at $22.39
Change since picked: - 0.12
Earnings Date 08/04/05 (confirmed)
Average Daily Volume: 229 thousand

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A.S.V.Inc - ASVI - close: 46.85 chg: -0.25 stop: 49.01

There is no change from our previous update. We are not suggesting new positions at this time. Our target is the simple 200-dma.

Picked on July 28 at $45.87
Change since picked: + 0.98
Earnings Date 07/28/05 (confirmed)
Average Daily Volume: 120 thousand

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ATI Tech. - ATYT - close: 11.88 change: -0.29 stop: 13.01*new*

ATYT is getting closer to our target in the $11.50-11.20 range. The stock broke down under the $12.00 mark early this morning with volume coming in strong on today's 2.3% decline. Shares do look short-term oversold so don't be surprised to see a little bounce soon. Watch the $12.20-12.25 to act as short-term resistance. We are lowering the stop loss to $13.01.

Picked on July 17 at $12.83
Change since picked: - 0.95
Earnings Date 09/22/05 (unconfirmed)
Average Daily Volume: 5.9 million

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Anheuser Busch - BUD - cls: 44.43 chg: +0.16 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: - 0.34
Earnings Date 07/27/05 (confirmed)
Average Daily Volume: 2.3 million

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D.R.Horton - DHI - close: 36.55 change: -0.11 stop: 40.01*new*

The stock market acted strong today so it's encouraging to see DHI under perform the major averages and the housing sector. Our target is the $35.00-34.50 range. We are lowering the stop loss to $40.01.

Picked on August 07 at $38.45
Change since picked: - 1.90
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 2.9 million

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Hansen Natural - HANS - close: 42.62 chg: -0.75 stop: 47.51

HANS continues to display relative weakness and hit new relative lows today. It's worth noting that the early morning strength failed at its simple 50-dma. There is still an opportunity for an oversold bounce in HANS' near future. For more details see yesterday's update. Our target is the $38.00-37.50 range.

Picked on August 10 at $43.37
Change since picked: - 0.75
Earnings Date 02/16/05 (unconfirmed)
Average Daily Volume: 1.1 million

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Intl Game Tech. - IGT - cls: 27.31 chg: -0.04 stop: 29.01

We see no change from our previous update. Our target is the $24.50-24.00 range.

Picked on July 21 at $27.21
Change since picked: + 0.10
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 2.3 million

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Juniper Networks - JNPR - cls: 23.79 chg: +0.23 stop: 25.11

JNPR did manage a bounce today but the trend is still bearish. One could argue that JNPR is building on a potential double-bottom at the $23.00 level but until shares trade over resistance at the $24.50 level we're not going to worry.

Picked on July 21 at $23.90
Change since picked: - 0.11
Earnings Date 07/19/05 (confirmed)
Average Daily Volume: 7.5 million

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LifePoint Hosp. - LPNT - cls: 46.75 chg: -0.26 stop: 47.26

Hmmmm... LPNT failed to participate in the market's rally today. This would have been the perfect chance for bulls to push LPNT through technical resistance at the 50-dma near $48.00 but it didn't happen. We are going to keep the play open (and untriggered) for another day or two. Our suggested entry point to short the stock is $44.95.

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: 45.25 chg: -0.11 stop: 48.01

RCL hit new relative lows today (as did its rival CCL) but shares of RCL managed to rebound given the bullish market environment today. We remain bearish but readers might want to watch for another failed rally under $46.00 as a new entry point for shorts. Our target is the $41.25-41.00 range.

Picked on July 27 at $45.50
Change since picked: - 0.25
Earnings Date 07/27/05 (confirmed)
Average Daily Volume: 1.3 million

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Triad Hosp. - TRI - close: 47.40 chg: -0.05 stop: 50.51

TRI's failure to participate in the market rally today sounds like relative weakness to us. Our target is the $45.50-45.00 range.

Picked on July 25 at $49.20
Change since picked: - 1.80
Earnings Date 07/25/05 (confirmed)
Average Daily Volume: 967 thousand

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Xilinx - XLNX - close: 27.44 chg: +0.07 stop: 29.01

We see no change from our previous update. Our target is the $26.10-26.00 range.

Picked on August 04 at $27.91
Change since picked: - 0.47
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 6.1 million

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Yellow Roadway - YELL - close: 52.87 chg: +0.71 stop: 55.01

We are surprised by the strength in the transports. Yes, the group should be doing well based on the strength in the economy but the record high oil prices have to be hurting the bottom line. We remain bearish on YELL with its H&S pattern but we would not suggest new short positions until YELL trades back under $52.00.

Picked on August 08 at $51.77
Change since picked: + 1.10
Earnings Date 07/28/05 (confirmed)
Average Daily Volume: 1.4 million
 

Closed Long Plays

None
 

Closed Short Plays

None
 

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