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In Play Updates and Reviews

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Long Play Updates

LM Ericsson - ERICY - close: 36.85 chg: +0.07 stop: 33.24

Another day, another new yearly high for ERICY. This one wasn't too spectacular but the stock continues to show strength. We see no change from our weekend update. We wouldn't suggest new positions until ERICY dips. Our target is $39.50-40.00.

Picked on August 03 at $35.19
Change since picked: + 1.66
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 1.9 million
 

Short Play Updates

Assured Guaranty - AGO - close: 22.23 chg: -0.12 stop: 24.05

There is no change from our weekend update for AGO. The stock failed to rally with the broader market today, which is a good sign. We've been expecting an oversold bounce back toward the 10-dma. Our target is $20.50-20.00.

Picked on August 10 at $22.39
Change since picked: - 0.16
Earnings Date 08/04/05 (confirmed)
Average Daily Volume: 229 thousand

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A.S.V.Inc - ASVI - close: 47.40 chg: +0.45 stop: 49.01

Not much change from our weekend update. ASVI did bounce with the markets. Remember the stock is due to split 2-for-1 on August 25th. Our pre-split target is the 200-dma (currently near 40.85). We are not suggesting new positions at this time.

Picked on July 28 at $45.87
Change since picked: + 1.53
Earnings Date 07/28/05 (confirmed)
Average Daily Volume: 120 thousand

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ATI Tech. - ATYT - close: 11.94 change: +0.14 stop: 13.01

One cent! AYT dipped to $11.51 this morning before bouncing higher with the semiconductor sector. Our target has been $11.50-11.20. Currently ATYT is still trading under a sharp, two-week trend of lower highs. If the stock breaks out over $12.00 more conservative traders may want to try and lock in some profits early.

Picked on July 17 at $12.83
Change since picked: - 0.89
Earnings Date 09/22/05 (unconfirmed)
Average Daily Volume: 5.9 million

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Anheuser Busch - BUD - cls: 44.60 chg: +0.30 stop: 46.25

BUD's rebound higher today from its recent consolidation is arguably a bullish sign. If there is any follow through on today's bounce we'd expect BUD to test the $45.50 region near its 50-dma. A failed rally under the 50-dma could be used as a new bearish entry point. Our mid-October target is the $40.25-40.00 range.

Picked on July 28 at $44.77
Change since picked: - 0.17
Earnings Date 07/27/05 (confirmed)
Average Daily Volume: 2.3 million

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D.R.Horton - DHI - close: 36.11 change: +0.25 stop: 40.01

DHI dipped toward our target and round-number support at the $35.00 level today but bulls bought the dip at $35.21. If there is any follow through to today's rebound traders should expect bounce back toward the 37.50 region. Thus, more conservative traders may want to lock in some profits now. Our target remains the $35.00-34.50 range.

Picked on August 07 at $38.45
Change since picked: - 2.34
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 2.9 million

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Hansen Natural - HANS - close: 44.09 chg: +0.24 stop: 47.51

HANS' initial strength this morning quickly failed but shares reluctantly followed the market higher after the early morning dip. Overall HANS remains under its simple 50-dma. If the market bounces tomorrow watch for the $45.00 level to act as resistance for HANS. A failed rally near $45 could be used as a new entry point. Our target is the $38.00-37.50 range.

Picked on August 10 at $43.37
Change since picked: + 0.74
Earnings Date 02/16/05 (unconfirmed)
Average Daily Volume: 1.1 million

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Intl Game Tech. - IGT - cls: 27.12 chg: -0.02 stop: 29.01

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

Picked on July 21 at $27.21
Change since picked: - 0.09
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 2.3 million

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Juniper Networks - JNPR - cls: 23.49 chg: -0.09 stop: 25.11

JNPR under performed the NASDAQ and its peers in the networking sector today. We see no changes from our weekend update. Our target is the $21.50-21.00 range.

Picked on July 21 at $23.90
Change since picked: - 0.41
Earnings Date 07/19/05 (confirmed)
Average Daily Volume: 7.5 million

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LifePoint Hosp. - LPNT - cls: 45.71 chg: +0.11 stop: 47.26

The tug-of-war continues in shares of LPNT. The stock dipped to $45.12 this morning but couldn't break support there. The market's bounce helped push LPNT back into the green. We remain on the sidelines with a suggested trigger at $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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O M I Corp - OMM - close: 17.02 change: -0.18 stop: 18.55

So far so good. OMM continues to decline after Thursday's failed rally under the $18.00 level and its exponential 200-dma. We see no changes from this weekend's play description. Our target is the $15.25-15.00 range.

Picked on August 14 at $17.20
Change since picked: - 0.18
Earnings Date 07/25/05 (confirmed)
Average Daily Volume: 1.4 million

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PAR Tech - PTC - close: 28.69 chg: -1.66 stop: 32.01

Thankfully we did not have to wait long for PTC to show its true colors and reverse course after last week's oversold bounce. PTC is a new play and we had a suggested trigger to short the stock at $29.40, which could be a breakdown from its bear-flag pattern. The stock lost 5.4% today and traded through our trigger opening the play. Our target is the $25.25-25.00 range but more conservative traders may want to target the 100-dma near 26.35.

Picked on August 15 at $29.40
Change since picked: - 0.71
Earnings Date 07/27/05 (confirmed)
Average Daily Volume: 159 thousand

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Royal Caribbean - RCL - cls: 44.78 chg: -0.13 stop: 48.01

There is no change from our weekend play update. RCL hit a new relative low this morning. Our target is the $41.25-41.00 range.

Picked on July 27 at $45.50
Change since picked: - 0.72
Earnings Date 07/27/05 (confirmed)
Average Daily Volume: 1.3 million

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Xilinx - XLNX - close: 26.94 chg: +0.01 stop: 29.01

XLNX hit a new one-month low today, dipping below its mid-July low but shares rebounded as a strong bounce in semis lent XLNX some support. The two-week trend of lower highs and lower lows remains intact. Our target is the $26.10-26.00 range.

Picked on August 04 at $27.91
Change since picked: - 0.97
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 6.1 million

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Yellow Roadway - YELL - close: 51.94 chg: -0.34 stop: 55.01

We are encouraged to see YELL under performing the market and its peers in the transportation sector today. The decline under the $52.00 level looks like a new entry point for shorts. Our target is the $48.50-48.00 range.

Picked on August 08 at $51.77
Change since picked: + 0.17
Earnings Date 07/28/05 (confirmed)
Average Daily Volume: 1.4 million
 

Closed Long Plays

None
 

Closed Short Plays

Triad Hosp. - TRI - close: 46.37 chg: -0.49 stop: 49.51

Target achieved. Actually shares of TRI traded to our target of $45.50-45.00 and kept going until investors bought the dip at $44.91. We're closing the play per our game plan. Those still holding shorts should expect a bounce as today's candlestick looks like a one-day bullish reversal pattern.

Picked on July 25 at $49.20
Change since picked: - 2.83
Earnings Date 07/25/05 (confirmed)
Average Daily Volume: 967 thousand
 

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