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Long Play Updates

LM Ericsson - ERICY - close: 34.76 chg: -0.02 stop: 33.75

ERICY continues to consolidate in a very narrow range. There is no change from our previous update. 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: - 0.43
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 1.9 million
 

Short Play Updates

Assured Guaranty - AGO - close: 22.15 chg: -0.13 stop: 23.26

There was a late day sell-off for AGO but bulls bought the dip right near the closing bell. It would appear that AGO has formed a new trading range between $21.85 and $22.50. We would not suggest new positions at this time. Wait for AGO to hit a new relative low under $21.80. Our target is the $20.50-20.00 range.

Picked on August 10 at $22.39
Change since picked: - 0.24
Earnings Date 08/04/05 (confirmed)
Average Daily Volume: 229 thousand

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Anheuser Busch - BUD - cls: 44.45 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: - 0.32
Earnings Date 07/27/05 (confirmed)
Average Daily Volume: 2.3 million

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Hansen Natural - HANS - close: 44.75 chg: -1.07 stop: 47.51

Hmm... HANS started off strong this morning with a continuation of yesterday's rally but it quickly ran out of steam near $46.64. This failed rally might be a new bearish entry point but we're feeling a little cautious here. We would not suggest new plays until shares of HANS traded back under the $42.00 level again.

Picked on August 10 at $43.37
Change since picked: + 1.38
Earnings Date 08/09/05 (confirmed)
Average Daily Volume: 1.1 million

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Intl Game Tech. - IGT - cls: 26.94 chg: +0.04 stop: 28.51

IGT traded in a tight 30-cent range today so there isn't much we can glean from this sort of action. We see no changes from our previous update. Our target is the $24.50-24.00 range.

Picked on July 21 at $27.21
Change since picked: - 0.27
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 2.3 million

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Juniper Networks - JNPR - cls: 23.66 chg: +0.06 stop: 24.70

Positive broker comments this morning were not enough to produce any sort of meaningful rally in JNPR. The stock traded in a narrow 35-cent range. We see no changes from our previous update.

Picked on July 21 at $23.90
Change since picked: - 0.24
Earnings Date 07/19/05 (confirmed)
Average Daily Volume: 7.5 million

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Jos. A. Bank - JOSB - close: 37.12 change: -1.47 stop: 40.01*new*

The profit taking continues in JOSB. The stock lost another 3.8 percent today on above average volume. We are lowering the stop loss to $40.01. Our target is the $35.50-35.00 range.

Picked on August 16 at $39.95
Change since picked: - 2.83
Earnings Date 09/08/05 (unconfirmed)
Average Daily Volume: 297 thousand

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LifePoint Hosp. - LPNT - cls: 45.50 chg: +0.09 stop: 46.51 *new*

We are not suggesting new plays at this time. We are lowering the stop loss to $46.51. If we don't see a breakdown under the $45 level soon we're going to exit this play early.

Picked on August 16 at $ 44.95
Change since picked: + 0.55
Earnings Date 07/27/05 (confirmed)
Average Daily Volume = 686 thousand

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O M I Corp - OMM - close: 16.65 change: -0.16 stop: 18.01

It looks like the recent oversold bounce is fading. Readers might want to use this failed rally under the $17 level as a new entry point. Our target is the $15.25-15.00 range.

Picked on August 14 at $17.20
Change since picked: - 0.55
Earnings Date 07/25/05 (confirmed)
Average Daily Volume: 1.4 million

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Royal Caribbean - RCL - cls: 45.03 chg: +0.19 stop: 47.01

We are suggesting new caution for bears in RCL. The oversold bounce has now broken above the $45 level and its MACD indicator has turned bullish. We are not suggesting new plays.

Picked on July 27 at $45.50
Change since picked: - 0.47
Earnings Date 07/27/05 (confirmed)
Average Daily Volume: 1.3 million

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Wal-Mart - WMT - close: 46.34 change: -0.33 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: 27.42 chg: +0.31 stop: 28.01

XLNX has now bounced higher for the fifth session in a row. We know that stocks move in cycles so normally we'd say it's probably time for a day or two lower but we're worried that the SOX semiconductor index may be poised for a late summer rally. We're not suggesting new plays at this time. If XLNX trades back toward $26.75-27.00 more conservative traders may want to exit early.

Picked on August 04 at $27.91
Change since picked: - 0.49
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 6.1 million
 

Closed Long Plays

None
 

Closed Short Plays

Yellow Roadway - YELL - close: 47.87 chg: -1.93 stop: 54.01

Target achieved. Actually YELL's intraday low of $46.90 has surpassed our suggested target in the $48.50-48.00 range. The sell-off was fueled by very big volume and YELL's 3.9% decline today really weighed on the transportation sector. We're closing the play per our game plan. YELL is near support so we'd watch for a rebound back toward $50 now.

Picked on August 08 at $51.77
Change since picked: - 3.90
Earnings Date 07/28/05 (confirmed)
Average Daily Volume: 1.4 million
 

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