Option Investor
Play Updates

In Play Updates and Reviews

HAVING TROUBLE PRINTING?
Printer friendly version

Long Play Updates

None
 

Short Play Updates

Career Educ. - CECO - close: 33.84 chg: +0.35 stop: 36.51

CECO is testing resistance at its descending simple 10-dma (again). We see no changes from our previous update. However, if CECO trades above the $35.00 level more conservative traders may want to exit early! Our target is the $31.00 level.

Picked on October 04 at $34.99
Change since picked: - 1.15
Earnings Date 10/26/05 (unconfirmed)
Average Daily Volume: 1.6 million

---

Cree Inc. - CREE - close: 22.15 chg: +0.07 stop: 24.01

The SOX semiconductor index managed a strong bounce from its 200-dma today. This helped power the NASDAQ into the green. Oddly enough shares of CREE failed to truly participate with the bounce in the sector. Watch for the $23 level to act as resistance. Don't forget that we plan to exit ahead of its October 20th earnings report.

Picked on October 11 at $22.99
Change since picked: - 0.84
Earnings Date 10/20/05 (confirmed)
Average Daily Volume: 1.3 million

---

Corning Inc. - GLW - close: 17.70 chg: +0.16 stop: 20.01

GLW produced a bit of an oversold bounce today and tested short-term resistance near the $18.00 level today. We do not see any changes from our previous updates. Our target is the $16.50 level.

Picked on October 09 at $18.54
Change since picked: - 0.84
Earnings Date 10/26/05 (confirmed)
Average Daily Volume: 11.9 million

---

99c Only Stores - NDN - close: 9.40 chg: +0.23 stop: 9.61

Heads up! This is a pivotal point for our play in NDN. The stock has bounced back to breakeven at the $9.40 level. Some of the short-term technical indicators are positive. If the markets and the RLX retail index rally tomorrow we would expect NDN to hit our stop loss at $9.61. More conservative traders may want to exit now or set their stop near the $9.50 mark.

Picked on September 27 at $ 9.40
Change since picked: - 0.00
Earnings Date 10/20/05 (unconfirmed)
Average Daily Volume: 581 thousand

---

Trinity Ind. - TRN - close: 35.52 chg: +0.02 stop: 39.26

TRN dipped under its simple 100-dma today but it rebounded back into the green before the closing bell. Today's action looks like a short-term bottom. We expect the stock to bounce higher tomorrow and probably test the $37.00 level. It's certainly possible that TRN could rally back to resistance at its 50-dma near $38 before turning lower again. Our target is the $32.50-32.00 level near the simple 200-dma.

Picked on October 11 at $36.88
Change since picked: - 1.29
Earnings Date 10/31/05 (unconfirmed)
Average Daily Volume: 385 thousand
 

Closed Long Plays

None
 

Closed Short Plays

Toll Brothers - TOL - close: 37.50 chg: -0.09 stop: 42.51

Target achieved! Shares of TOL under performed many of its peers in the homebuilding sector. The stock dipped to $36.10 this morning before rebounding this afternoon. Our target was the $36.50-36.00 range.

Picked on October 05 at $40.95
Change since picked: - 3.45
Earnings Date 08/25/05 (confirmed)
Average Daily Volume: 4.6 million
 

Premier Investor Play Update Archives