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Long Play Updates

Burlington N. Santa F. - BNI - cls: 58.35 chg: +1.29 stop: 54.90

The transportation sector managed to bounce higher today in spite of rising energy costs. Of course rising oil just makes the rail roads look more appetizing compared to trucks and air. This helped push BNI to a 2.2% gain today. Our target is the $59.75-60.00 range.

Picked on September 20 at $56.75
Change since picked: + 1.60
Earnings Date 10/25/05 (unconfirmed)
Average Daily Volume: 2.0 million

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Quicksilver - KWK - close: 45.33 change: +0.70 stop: 39.99

The huge rally in natural gas futures was one of the major headlines today. Wall Street is worried that a cold winter will push this commodity even higher. We expected natural gas prices to rise, which is why we added KWK to the list. Shares of KWK climbed 1.56% while challenging the $46.00 level. Our target is the $49-50 range.

Picked on September 20 at $43.68
Change since picked: + 1.65
Earnings Date 11/08/05 (unconfirmed)
Average Daily Volume: 844 thousand

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Mckesson - MCK - close: 47.18 chg: +1.17 stop: 44.85

Bam! We expected MCK's recent consolidation to produce a breakout move and today was it. The stock spiked higher at the open and closed near its highs for the day with volume coming in well above its average. If shares pull back at all we would look for the $46.50 level to act as support. Our target is the $49.75-50.00 range.

Picked on September 18 at $46.47
Change since picked: + 0.71
Earnings Date 11/08/05 (unconfirmed)
Average Daily Volume: 1.5 million

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Motorola - MOT - close: 22.15 change: -0.22 stop: 21.78

This is it. MOT is down three days in a row and nearing what should be support at the $22.00 level. If we don't see a bounce soon readers better be prepared to exit! Traders may want to adjust their stops to be under the simple 50-dma, which is currently at $2.75.

Picked on September 25 at $22.79
Change since picked: - 0.66
Earnings Date 10/10/05 (unconfirmed)
Average Daily Volume: 19.2 million
 

Short Play Updates

Arctic Cat - ACAT - close: 20.29 chg: +0.13 stop: 21.11

There seems to be quite a tug-of-war in shares of ACAT in the $19.80-20.50 range. Volume has been above average for the last several sessions. Right now we would expect shares to turn lower under the $20.50 level but we would not suggest new bearish positions until ACAT traded under $19.75 again. If we don't see some downward momentum soon we will exit early. Our target is the $18.25-18.00 range.

Picked on September 23 at $19.79
Change since picked: + 0.50
Earnings Date 10/20/05 (unconfirmed)
Average Daily Volume: 107 thousand

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Anheuser Busch - BUD - cls: 43.19 chg: -0.45 stop: 45.65*new*

BUD continues to produce some downward momentum following the recent breakdown under support near the $44 level. Our target is the $40 region before its October earnings report but our readers may want to take some early profits off the table around $42.50. We are lowering the stop loss to $45.65 near the 100-dma.

Picked on July 28 at $44.77
Change since picked: - 1.58
Earnings Date 10/26/05 (confirmed)
Average Daily Volume: 2.3 million

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Cogent Inc. - COGT - close: 24.20 chg: +0.49 stop: 26.51*new*

COGT produced a bit of an oversold bounce today. There may be some more follow through tomorrow. We're not suggesting new plays but readers can watch for a failed rally under $26.00 as a new entry point. We are lowering the stop loss to $26.51. Our target is the $22.50-22.00 range.

Picked on September 22 at $25.21
Change since picked: - 1.01
Earnings Date 10/25/05 (unconfirmed)
Average Daily Volume: 874 thousand

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Cost Plus - CPWM - close: 18.43 change: -0.68 stop: 20.31 *new*

Wednesday was another tough day for retail stocks. The RLX index lost 1.3% but shares of CPWM fell more than 3.5% on rising volume that came in well above its daily average. The stock also hit a new four-year low. We are going to lower the stop loss to $20.31. Our target is the $16.50-16.00 range.

Picked on September 20 at $19.78
Change since picked: - 1.35
Earnings Date 11/17/05 (unconfirmed)
Average Daily Volume: 390 thousand

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99c Only Stores - NDN - close: 9.02 chg: -0.38 stop: 10.01*new*

NDN is off to a good start. A rough day for retailers was no match for NDN, who lead the way lower with a 4% decline on above average volume. NDN has closed at new seven-year lows and under the 1999 low near $9.37. We are lowering the stop loss to $10.01. More conservative traders might be able to get away with a stop near $9.75. Our target is the $8.60-8.50 range.

Picked on September 27 at $ 9.40
Change since picked: - 0.38
Earnings Date 10/20/05 (unconfirmed)
Average Daily Volume: 581 thousand

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Nautilus Inc. - NLS - close: 22.20 chg: -0.00 stop: 24.11 *new*

Hmm... shares of NLS closed unchanged today. This "relative" strength on a day the retail sector fell could be a warning sign. NLS has been battling with support near $22.00. Given today's action we would not be surprised to see a bounce back to its simple 10-dma near $22.85. More conservative traders may want to tighten their stops or take some money off the table right here. We are going to lower our stop loss to $24.11. Our target is the $20.50-20.00 range.

Picked on September 14 at $23.80
Change since picked: - 1.60
Earnings Date 10/25/05 (unconfirmed)
Average Daily Volume: 363 thousand
 

Closed Long Plays

Southern Peru Copper - PCU - cls: 54.83 chg: +1.88 stop: 49.25

Target achieved. Copper producing companies like PD, FCX and PCU all saw their stocks surge higher today as copper prices neared multi-year highs around $1.75 a pound. Our target was the $54.85-55.00 range and PCU hit the bottom edge of that range today. Readers should be aware that the $55 level looks like resistance but there is no way to know if it will stall the rally in this stock. We will keep an eye on PCU and FCX for future entry points.

Picked on September 25 at $50.92
Change since picked: + 3.91
Earnings Date 10/17/05 (unconfirmed)
Average Daily Volume: 765 thousand
 

Closed Short Plays

None
 

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