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Long Play Updates

Burlington N. Santa F. - BNI - cls: 56.87 chg: -1.01 stop: 53.95

Transport stocks under performed the major market indices today. Shares of BNI hit a little bit of profit taking too. Look for the $56 level to act as support followed by additional support near $55 and its 40-dma. Our target is the $59.75-60.00 range.

Picked on September 20 at $56.75
Change since picked: + 0.12
Earnings Date 10/25/05 (unconfirmed)
Average Daily Volume: 2.0 million

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Quicksilver - KWK - close: 44.34 change: +1.79 stop: 39.99

The late day rally in crude fueled another round of gains for the energy stocks. KWK's rebound from the $42 level and its 50-dma is a new bullish entry point to get long the stock. Our target is the $49-50 range.

Picked on September 20 at $43.68
Change since picked: - 0.66
Earnings Date 11/08/05 (unconfirmed)
Average Daily Volume: 844 thousand

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Mckesson - MCK - close: 45.92 chg: +0.13 stop: 44.85

We are still in a wait-and-see mode with MCK. The stock's consolidation is narrowing so we expect a breakout one way or the other pretty soon. We're not suggesting new bullish positions until MCK trades over $46.50 again. Our target is the $49.75-50.00 range.

Picked on September 18 at $46.47
Change since picked: - 0.55
Earnings Date 10/20/05 (unconfirmed)
Average Daily Volume: 1.5 million

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Motorola - MOT - close: 22.65 change: -0.14 stop: 21.78

MOT hit some minor profit taking on Monday despite positive coverage in Barron's over the weekend. If the stock dips back toward the $22 level we would use a bounce from $22 as a new bullish entry point.

Picked on September 25 at $22.79
Change since picked: - 0.14
Earnings Date 10/10/05 (unconfirmed)
Average Daily Volume: 19.2 million

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Southern Peru Copper - PCU - cls: 53.09 chg: +2.17 stop: 49.25

Copper prices hit another new high today and shares of copper miners like PD, FCX and PCU all pushed higher as well. Shares of PCU really turned in a strong performance adding 4.26% on above average volume. Our short-term target is the $54.85-55.00 range.

Picked on September 25 at $50.92
Change since picked: + 2.17
Earnings Date 10/17/05 (unconfirmed)
Average Daily Volume: 765 thousand

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Sirius Sat.Radio - SIRI - close: 6.63 chg: -0.07 stop: 6.39

SIRI's failure to participate in the market's post-Rita bounce today may be a clue that it's not done consolidating lower. Then again the stock could be suffering from a guilty-by-association type of weakness. Its larger rival XMSR lost more than two percent today (plus we've noticed that XMSR seems to have several above average volume days on its recent weakness, which is bearish). We would cautiously enter new positions on SIRI and conservative traders may want to wait for a move over $6.80 before considering longs here. Currently our target is the $7.25-7.35 range. If we don't see a bounce soon we'll exit early!

Picked on September 25 at $ 6.70
Change since picked: - 0.07
Earnings Date 10/27/05 (unconfirmed)
Average Daily Volume: 35.0 million
 

Short Play Updates

Arctic Cat - ACAT - close: 20.15 chg: -0.10 stop: 21.11

Unfortunately we do not have much new to report on for ACAT. The stock is still trading with a trend of lower highs but readers might not want to consider new short positions until ACAT trades under $19.75 again. Our target is the $18.25-18.00 range.

Picked on September 23 at $19.79
Change since picked: + 0.36
Earnings Date 10/20/05 (unconfirmed)
Average Daily Volume: 107 thousand

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Anheuser Busch - BUD - cls: 43.62 chg: -0.41 stop: 46.01

Yeah! BUD is finally breaking down to new relative and 52-week lows. Shares did bounce near the close but we like this new trend of weakness. Our target is the $40 region before its October earnings report.

Picked on July 28 at $44.77
Change since picked: - 1.15
Earnings Date 10/26/05 (confirmed)
Average Daily Volume: 2.3 million

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Cogent Inc. - COGT - close: 24.23 chg: +0.19 stop: 27.26

We see no changes from our weekend update on COGT. The $26.00 level should act as overhead resistance. Our target is the $22.50-22.00.

Picked on September 22 at $25.21
Change since picked: - 0.98
Earnings Date 10/25/05 (unconfirmed)
Average Daily Volume: 874 thousand

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Cost Plus - CPWM - close: 19.49 change: -0.13 stop: 21.31

CPWM continues to trade under round-number, psychological resistance at the $20.00 mark. This could be a new bearish entry point especially with the RLX retail index's failed rally at its 200-dma today. Our target is the $16.50-16.00 range.

Picked on September 20 at $19.78
Change since picked: - 0.29
Earnings Date 11/17/05 (unconfirmed)
Average Daily Volume: 390 thousand

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Nautilus Inc. - NLS - close: 22.36 chg: -0.44 stop: 25.11

The failure to hold its early gains looks good to us! We see no changes from our weekend update. Our target is the $20.50-20.00 range.

Picked on September 14 at $23.80
Change since picked: - 1.44
Earnings Date 10/25/05 (unconfirmed)
Average Daily Volume: 363 thousand
 

Closed Long Plays

Rowan Cos - RDC - close: 36.16 chg: +0.30 stop: 35.25

RDC experienced some initial weakness this morning as investors reacted to news and damage reports over the weekend from hurricane Rita. The stock dipped to $35.04 but managed to rebound above its simple 50-dma. This rebound today may prove to be a new bullish entry point but unfortunately, we've been stopped out at $35.25. We were trying to limit our risk with a relatively tight stop. We'll be sure to keep an eye on RDC for another opportunity.

Picked on September 14 at $36.31
Change since picked: - 0.15
Earnings Date 11/01/05 (unconfirmed)
Average Daily Volume: 2.1 million
 

Closed Short Plays

None
 

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