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Long Play Updates

Mckesson - MCK - close: 46.43 chg: +0.05 stop: 44.85

Thursday was a quiet session for MCK. The stock spent most of the day trading sideways. If MCK trades back over $46.75 again we might consider new bullish positions.

Picked on September 18 at $46.47
Change since picked: - 0.04
Earnings Date 11/08/05 (unconfirmed)
Average Daily Volume: 1.5 million
 

Short Play Updates

Phazar Corp - ANTP - close: 13.39 chg: -0.96 stop: 15.60*new*

The sell-off continues in shares of ANTP. The stock lost 6.6% on heavy volume today. We're going to lower our stop loss to $15.60. Our target is the $12.50-12.00 range but readers may want to think about exiting right here to lock in some profits as shares are starting to look oversold. The time frame for this play just changed. ANTP announced that it would report earnings on October 10th after the closing bell. We do not want to hold over the report so we have to plan on exiting tomorrow near the closing bell!

Picked on October 04 at $15.60
Change since picked: - 2.21
Earnings Date 10/10/05 (confirmed)
Average Daily Volume: 150 thousand

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Anheuser Busch - BUD - cls: 42.43 chg: +0.63 stop: 44.01

Wow! The intraday chart shows a very steep climb for shares of BUD this morning. Thankfully the rally failed near its simple 10-dma. We could not find any news or catalyst to account for the sudden show of strength so it may have just been an oversold bounce. We continue to suggest that more conservative traders exit right here to lock in a small profit. If BUD fails to hit a new low in the next couple of days we may choose to exit early.

Picked on July 28 at $44.77
Change since picked: - 2.34
Earnings Date 10/26/05 (confirmed)
Average Daily Volume: 2.3 million

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Career Educ. - CECO - close: 33.60 chg: -0.57 stop: 36.51*new*

CECO shares were downgraded to a "neutral" today. This caused the stock to gap lower at the open this morning. At the end of the session CECO had lost another 1.6% on heavy volume. We're going to lower our stop loss to $36.51. Our target is the $31.00 level.

Picked on October 04 at $34.99
Change since picked: - 1.39
Earnings Date 10/26/05 (unconfirmed)
Average Daily Volume: 1.6 million

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Cost Plus - CPWM - close: 16.96 change: +0.03 stop: 19.26

CPWM tried to rally this morning after the better than expected September retail sales report. Unfortunately for shareholders the rally stalled and the stock closed with a very minor gain. Our target is the $16.50-16.00 range but readers may want to strongly consider exiting right here for a profit.

Picked on September 20 at $19.78
Change since picked: - 2.82
Earnings Date 11/17/05 (unconfirmed)
Average Daily Volume: 390 thousand

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Enzo Biochem - ENZ - close: 13.80 chg: -0.02 stop: 15.26

Every day seems to be a volatile tug-of-war between the bulls and the bears in ENZ. The stock rallied to $14.49 before turning lower again. We maintain our target in 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: - 0.56
Earnings Date 10/14/05 (unconfirmed)
Average Daily Volume: 90 thousand

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99c Only Stores - NDN - close: 9.28 chg: +0.21 stop: 10.01

NDN spent the session sideways but the end result was a two-percent bounce probably fueled by the better than expected September retail sales report. Our target is the $8.60-8.50 range.

Picked on September 27 at $ 9.40
Change since picked: - 0.12
Earnings Date 10/20/05 (unconfirmed)
Average Daily Volume: 581 thousand

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Toll Brothers - TOL - close: 39.26 chg: -1.22 stop: 44.55

Homebuilding stocks got hammered again as investors react to all the worry over inflation. TOL lost just over three percent on rising volume. We're going to lower the stop loss to $44.01. Our target is the $36.50-36.00 range.

Picked on October 05 at $40.95
Change since picked: - 1.64
Earnings Date 08/25/05 (confirmed)
Average Daily Volume: 4.6 million
 

Closed Long Plays

None
 

Closed Short Plays

Cogent Inc. - COGT - close: 22.78 chg: -0.77 stop: 26.01

A widespread sell-off in the technology sectors helped push COGT to a new relative low today. Shares dipped to $22.43, which was enough to hit our target in the $22.50-22.00 range. We're closing the play.

Picked on September 22 at $25.21
Change since picked: - 2.43
Earnings Date 10/25/05 (unconfirmed)
Average Daily Volume: 874 thousand

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Nautilus Inc. - NLS - close: 22.15 chg: +0.85 stop: 23.80

The rebound in shares of NLS today was just a little too strong for our liking. We're suggesting that readers exit early.

Picked on September 14 at $23.80
Change since picked: - 1.65
Earnings Date 10/25/05 (unconfirmed)
Average Daily Volume: 363 thousand
 

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