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Long Play Updates

Mckesson - MCK - close: 46.38 chg: -1.10 stop: 44.85

MCK was not exempt from the market-wide sell-off today. Shares lost 2.3% on relatively heavy volume. The stock did manage to stall its descent above its simple 50-dma. Watch for a bounce from the $46.00 level. If MCK fails at $46 then we'll probably be looking for the exits.

Picked on September 18 at $46.47
Change since picked: - 0.09
Earnings Date 11/08/05 (unconfirmed)
Average Daily Volume: 1.5 million
 

Short Play Updates

Phazar Corp - ANTP - close: 14.35 chg: -1.25 stop: 16.51*new*

ANTP is off to a good start today with an eight-percent decline on very heavy volume. More importantly the stock has broken through what could have been potential support in the $15.25-15.00 region. We are lowering our stop loss to $16.51. The $15.00 level should now act as overhead resistance. Our target is the $12.50-12.00 range.

Picked on October 04 at $15.60
Change since picked: - 1.25
Earnings Date 08/11/05 (confirmed)
Average Daily Volume: 150 thousand

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Anheuser Busch - BUD - cls: 41.80 chg: -0.53 stop: 44.01*new*

We see no change from our previous update. BUD hit a new low today and we'd still suggest readers consider exiting early (here) for a profit. Our late October target is the $40.25 mark. We are lowering the stop loss to $44.01.

Picked on July 28 at $44.77
Change since picked: - 2.97
Earnings Date 10/26/05 (confirmed)
Average Daily Volume: 2.3 million

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Career Educ. - CECO - close: 34.17 chg: -1.02 stop: 37.01*new*

All systems are a go! CECO did produce a strong follow through to yesterday's breakdown. The stock lost 2.89% on average volume. We are lowering our stop loss to $37.01. Our target is the $31.00 level.

Picked on October 04 at $34.99
Change since picked: - 0.82
Earnings Date 10/26/05 (unconfirmed)
Average Daily Volume: 1.6 million

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Cogent Inc. - COGT - close: 23.55 chg: -1.04 stop: 26.01

We see no change from yesterday's update. COGT fell under the $24.00 level, which remained strong resistance for the rest of the session (see an intraday chart). Our target is the $22.50-22.00 range.

Picked on September 22 at $25.21
Change since picked: - 1.66
Earnings Date 10/25/05 (unconfirmed)
Average Daily Volume: 874 thousand

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Cost Plus - CPWM - close: 16.93 change: -0.77 stop: 19.26*new*

The sell-off in shares of CPWM is picking up speed. The stock lost 4.3% today on very big volume (about three times the daily average). Readers can choose to exit right here if they want. Our target is the $16.50-16.00 range. We're lowering the stop loss to $19.26.

Picked on September 20 at $19.78
Change since picked: - 2.85
Earnings Date 11/17/05 (unconfirmed)
Average Daily Volume: 390 thousand

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Enzo Biochem - ENZ - close: 13.82 chg: -1.04 stop: 15.26 *new*

ENZ's 7% decline today appears to have consummated the breakdown of its head-and-shoulders neckline. We are lowering the stop loss to $15.26. Our target is the $12.25-12.00 range. Remember, we plan to exit ahead of the October 14th earnings report.

Picked on October 03 at $14.36
Change since picked: - 0.54
Earnings Date 10/14/05 (unconfirmed)
Average Daily Volume: 90 thousand

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99c Only Stores - NDN - close: 9.07 chg: -0.25 stop: 10.01

NDN continues to under perform the market and the retail sector. Today the stock lost 2.68% and is nearing support near the $9.00 level. Our target is the $8.60-8.50 range.

Picked on September 27 at $ 9.40
Change since picked: - 0.33
Earnings Date 10/20/05 (unconfirmed)
Average Daily Volume: 581 thousand

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Nautilus Inc. - NLS - close: 21.30 chg: -0.37 stop: 23.80

We see no change from yesterday's update. NLS lost another 1.7% today. More conservative traders may want to think about exiting here to lock in profits. Our target is the $20.50-20.00 range.

Picked on September 14 at $23.80
Change since picked: - 2.50
Earnings Date 10/25/05 (unconfirmed)
Average Daily Volume: 363 thousand

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Toll Brothers - TOL - close: 40.48 chg: -0.92 stop: 44.55

The homebuilders continued to sink on inflation fears. The DJUSHB index lost 3.25%. Shares of TOL fell 2.2% and traded under the $40.00 level intraday. Our trigger to short the stock was at $40.95 so the play is now open. Our target is the $36.50-36.00 range.

Picked on October 05 at $40.95
Change since picked: - 0.42
Earnings Date 08/25/05 (confirmed)
Average Daily Volume: 4.6 million
 

Closed Long Plays

Motorola - MOT - close: 22.00 change: -0.32 stop: 21.78

MOT is a casualty of the market wide weakness on Wednesday. Shares dipped intraday under support at the $22.00 level and its rising, simple 50-dma. We have been stopped out at $21.78. However, we'll be sure to keep an eye on MOT for another entry point. A move over $22.75 could be a new bullish entry point or we could always look for a bounce from the $20 region.

Picked on September 25 at $22.79
Change since picked: - 0.79
Earnings Date 10/10/05 (unconfirmed)
Average Daily Volume: 19.2 million
 

Closed Short Plays

None
 

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