Option Investor
Play Updates

In Play Updates and Reviews

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Long Play Updates

Burlington Coat - BCF - close: 39.96 chg: -0.08 stop: 37.45

BCF is looking somewhat resilient with a minor 8-cent loss today. Tuesday was not a good day for retail stocks as retail giant TGT issued a warning that it would miss its fourth quarter goals. There were several other retail hits and misses today but the atmosphere was bearish. Meanwhile shares of BCF dipped toward the $39 level but rebounded this afternoon on rising volume. Our target is the $43.50-44.00 range.

Picked on October 24 at $38.90
Change since picked: + 1.06
Earnings Date 10/06/05 (confirmed)
Average Daily Volume: 165 thousand

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Csk Auto - CAO - close: 15.27 change: -0.28 stop: 14.95*new*

Hmmm.... it may be time to start looking toward the exit door. Granted it was a down day for the markets but many of the auto-parts stocks hit some profit taking today. The technical picture on CAO is deteriorating. The stock "should" have support at the 50-dma near 15.09 and the $15.00 mark. However, just to protect ourselves we're raising our stop loss to $14.95.

Picked on November 02 at $15.58
Change since picked: - 0.03
Earnings Date 12/02/05 (unconfirmed)
Average Daily Volume: 388 thousand

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Corning Inc. - GLW - close: 20.06 chg: +0.01 stop: 18.99

This morning GLW reaffirmed its previous Q4 earnings and revenue guidance. The news sparked some weakness this morning with a dip to $19.57 but GLW quickly rebounded. The four-week trend of higher lows is still intact but we don't like the bearish pattern with GLW's MACD indicator. Traders looking for a new entry point might want to wait for a move over $20.20 before initiating positions. Our target is the $21.90-22.00 range. Our time frame is seven weeks.

Picked on November 13 at $20.11
Change since picked: - 0.05
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 11.8 million

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Intel Corp. - INTC - close: 25.08 chg: -0.29 stop: 23.45

INTC failed to breakout over its simple 100-dma for the third day in a row. That's not much of a surprise. We've been expecting INTC to pull back and test its simple 10-dma currently at $24.60. Our year-end target is the $26.00-26.50 range.

Picked on November 06 at $ 23.99
Change since picked: + 1.09
Earnings Date 10/18/05 (confirmed)
Average Daily Volume = 51.6 million

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Komag - KOMG - close: 27.82 change: -0.53 stop: 26.99

Hmm... seems like something is happening with KOMG but we can't find any news. The stock began to sell-off after lunchtime and then became more volatile towards the close with big volume pushing the stock up and down. The overall pattern is growing more bearish. Currently we are still on the sidelines with a trigger to go long at $29.21. More conservative traders may want to use a trigger over the 50-dma or the $30.00 mark instead. If we are triggered we'll target a rise to the $34.00-35.00 range. Our time frame is seven weeks.

Picked on November xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 1.3 million

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Mentor Graphics - MENT - close: 8.57 chg: -0.07 stop: 8.49

We remain on the sidelines. MENT is slipping away from resistance at the top of its trading range near $9.00. Our trigger to go long is at $9.05. If triggered we'll target a run into the $9.95-10.00 range.

Picked on October xx at $xx.xx <-- see Trigger
Change since picked: + 0.00
Earnings Date 01/19/06 (unconfirmed)
Average Daily Volume: 713 thousand

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Patterson Companies - PDCO - cls: 42.10 chg: -0.36 stop: 39.99

Once again the rally in PDCO is starting to look tired. The $41.50 and $41.00 levels look like short-term support but we're not suggesting new bullish positions here. Remember we plan to exit ahead of earnings near Thanksgiving. Our target is the $44.00 level.

Picked on October 30 at $40.85
Change since picked: + 1.25
Earnings Date 11/23/05 (confirmed)
Average Daily Volume: 1.2 million

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VCA Antech - WOOF - close: 26.93 chg: -0.16 stop: 25.90

More conservative traders may want to exit right here! There has been no follow through on the bounce from the $26.00 level and WOOF's technical picture is turning sour pretty fast. We may exit early if WOOF trades under $26.50 even though the $26 level should be support!

Picked on November 09 at $26.74
Change since picked: + 0.19
Earnings Date 10/26/05 (confirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

Sanderson Farms - SAFM - close: 32.79 chg: +0.30 stop: 35.01

We see no changes from our previous updates on SAFM. The stock is still trending lower and nearing our target at the $32.00 mark. More aggressive traders may want to aim lower. We are not suggesting new positions.

Picked on October 23 at $35.17
Change since picked: - 2.38
Earnings Date 12/07/05 (unconfirmed)
Average Daily Volume: 257 thousand

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Tecumseh Prod. - TECUA - close 19.50 chg: +0.11 stop: 20.55

We see no change from our previous update on TECUA. The stock spent almost the entire day in a very tight 10-cent range. A failed rally under $20.00 could be used as a new bearish entry point but enter new positions carefully! Our target is the $16.00 mark.

Picked on November 09 at $18.96
Change since picked: + 0.54
Earnings Date 11/07/05 (confirmed)
Average Daily Volume: 96 thousand
 

Closed Long Plays

None
 

Closed Short Plays

None
 

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