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Long Play Updates

LM Ericsson - ERICY - close: 34.78 chg: -0.09 stop: 33.75

There is no change from our weekend update for ERICY. Watch for a bounce from $34.00 or a new rebound over $35.50 as a new entry point.

Picked on August 03 at $35.19
Change since picked: - 0.41
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 1.9 million
 

Short Play Updates

Assured Guaranty - AGO - close: 22.28 chg: -0.12 stop: 23.26

Volume was almost non-existent today and AGO's afternoon rally failed at the $22.40 mark. This may prove to be a new entry point for shorts but more conservative traders might feel better waiting for a new decline under the $22.00 level. Our target is the $20.50-20.00 range.

Picked on August 10 at $22.39
Change since picked: - 0.11
Earnings Date 08/04/05 (confirmed)
Average Daily Volume: 229 thousand

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Anheuser Busch - BUD - cls: 44.41 chg: -0.04 stop: 46.25

There is no change from our weekend update for BUD. Our target is the $40.25-40.00 range before its October earnings report.

Picked on July 28 at $44.77
Change since picked: - 0.36
Earnings Date 07/27/05 (confirmed)
Average Daily Volume: 2.3 million

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Hansen Natural - HANS - close: 43.44 chg: +0.93 stop: 47.51

Red alert! Traders with shorts should be defensive now. Today's show of strength pushed HANS above last week's trading range and through technical resistance at its simple 50-dma. We cannot find any catalyst to account for HANS' rally today, which doesn't help soothe the bears who are probably spooked by this minor breakout. We're not suggesting new positions at this time. More conservative traders may want to adjust their stop loss lower (one alternative would be to put a stop at the $46.65 mark). We're leaving our stop at $47.51 for now.

Picked on August 10 at $43.37
Change since picked: + 0.07
Earnings Date 08/09/05 (confirmed)
Average Daily Volume: 1.1 million

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Intl Game Tech. - IGT - cls: 26.90 chg: +0.41 stop: 28.51

IGT produced a bit of a bounce today but we don't see any changes from our weekend update. Our target is the $24.50-24.00 range.

Picked on July 21 at $27.21
Change since picked: - 0.31
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 2.3 million

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Juniper Networks - JNPR - cls: 23.60 chg: +0.28 stop: 24.70

There is still no change in JNPR. The stock continues to oscillate between $23.00 and $24.00. We're not suggesting new plays at this time but traders could use a failed rally under $24.00 as a new bearish entry point.

Picked on July 21 at $23.90
Change since picked: - 0.30
Earnings Date 07/19/05 (confirmed)
Average Daily Volume: 7.5 million

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Jos. A. Bank - JOSB - close: 38.59 change: +0.71 stop: 41.01

JOSB got its 60 seconds of fame again this week with a brief spot on CNBC this morning. This was prompted by some positive analyst comments on rival Mens Warehouse (MW) this morning. Technically speaking bears need to be cautious here with JOSB. The stock has produced what looks like a small bullish engulfing candlestick, which is normally seen as a bullish reversal pattern. Watch for some follow through tomorrow. A failed rally under $40.00 or its 10-dma could be used as a new bearish entry point.

Picked on August 16 at $39.95
Change since picked: - 1.36
Earnings Date 09/08/05 (unconfirmed)
Average Daily Volume: 297 thousand

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LifePoint Hosp. - LPNT - cls: 45.41 chg: -0.28 stop: 47.26

LPNT drifted back toward support at the $45.00 level again but failed to breakdown. We are not suggesting new plays at this time. More conservative traders may want to tighten their stops.

Picked on August 16 at $ 44.95
Change since picked: + 0.46
Earnings Date 07/27/05 (confirmed)
Average Daily Volume = 686 thousand

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O M I Corp - OMM - close: 16.81 change: -0.03 stop: 18.01

There is virtually no change in shares of OMM and we see no changes from our weekend update on the stock.

Picked on August 14 at $17.20
Change since picked: - 0.39
Earnings Date 07/25/05 (confirmed)
Average Daily Volume: 1.4 million

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Royal Caribbean - RCL - cls: 44.84 chg: +0.23 stop: 47.01

News that an analyst firm has reiterated their "out perform" rating on RCL help lend the stock some strength today but RCL remains under short-term resistance at the $45.00 mark. We see no changes from our weekend update.

Picked on July 27 at $45.50
Change since picked: - 0.66
Earnings Date 07/27/05 (confirmed)
Average Daily Volume: 1.3 million

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Wal-Mart - WMT - close: 46.67 change: +0.09 stop: 48.01

There is no change from our weekend update on WMT. We're suggesting that readers use a trigger at $45.95 to catch a breakdown under the $46.00 level.

Picked on August xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 08/16/05 (confirmed)
Average Daily Volume: 10.2 million

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Xilinx - XLNX - close: 27.11 chg: +0.15 stop: 28.01 *new*

The SOX semiconductor index turned in a decent gain today and that helped XLNX rebound off its lows of the session. We don't like the look of some of XLNX's technical indicators so we're not suggesting new plays. More conservative traders may want to tighten their stops and/or take some money off the table. We're lowering our stop loss to $28.01.

Picked on August 04 at $27.91
Change since picked: - 0.80
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 6.1 million

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Yellow Roadway - YELL - close: 49.83 chg: -1.31 stop: 54.01

YELL displayed plenty of relative weakness today by under performing the market and its peers with a 2.56% decline. Today's loss also represents a breakdown under round-number support at the $50.00 mark. Our target is the $48.50-48.00 range.

Picked on August 08 at $51.77
Change since picked: - 1.94
Earnings Date 07/28/05 (confirmed)
Average Daily Volume: 1.4 million
 

Closed Long Plays

None
 

Closed Short Plays

None
 

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