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Play Updates

In Play Updates and Reviews

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Long Play Updates

Burlington Coat - BCF - close: 40.11 chg: +0.15 stop: 37.45

BCF didn't see a lot of action today but the narrow trading range did have a bullish tilt to it. We see no changes from our previous updates. Our target is the $43.50-44.00 range.

Picked on October 24 at $38.90
Change since picked: + 1.21
Earnings Date 10/06/05 (confirmed)
Average Daily Volume: 165 thousand

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Csk Auto - CAO - close: 15.26 change: -0.01 stop: 14.95

This could be a short-term turning point for CAO. The stock dipped toward support at the $15.00 level and managed to bounce all the way back to almost unchanged. The candlestick pattern looks like a hammer-type of bullish reversal. A move back over $15.50 might be consider a new bullish entry point. If you are considering a bullish position don't forget that we plan to exit ahead of CAO's early December earnings report.

Picked on November 02 at $15.58
Change since picked: - 0.32
Earnings Date 12/02/05 (unconfirmed)
Average Daily Volume: 388 thousand

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Corning Inc. - GLW - close: 20.39 chg: +0.33 stop: 18.99

GLW displayed some relative strength today with shares closing near their highs for the session with volume rising into the close. This looks like a new bullish entry point. 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: + 0.28
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 11.8 million

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Intel Corp. - INTC - close: 24.87 chg: -0.21 stop: 23.45

This looks like a new bullish entry point in INTC. We've been expecting a pull back toward the 10-dma near $24.60 and the stock bounced twice from that level during Wednesday's session. Our year-end target is the $26.00-26.50 range.

Picked on November 06 at $ 23.99
Change since picked: + 0.88
Earnings Date 10/18/05 (confirmed)
Average Daily Volume = 51.6 million

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Komag - KOMG - close: 28.68 change: +0.86 stop: 26.99

Once again KOMG has rallied back toward short-term resistance at the $29.00 level and the stock looks poised to move higher. Our strategy involves 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: 8.60 chg: +0.03 stop: 8.49

Nimble traders may want to give up on waiting for a breakout in MENT and just trade the ups and downs inside the trading range. Currently our strategy is to buy a breakout over resistance at the $9.00 level. 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: 41.87 chg: -0.23 stop: 39.99

Today's close under its 10-dma and the $42.00 level do not bode well for PDCO. Its MACD indicator is nearing a new sell signal. We do expect the stock to have some support near its 100-dma currently at 41.32 but more conservative traders may want to adjust their stop loss to just under the $41.00 mark - we're certainly thinking about doing the same thing. 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: + 1.02
Earnings Date 11/23/05 (confirmed)
Average Daily Volume: 1.2 million

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VCA Antech - WOOF - close: 27.06 chg: +0.13 stop: 25.90

We still don't like the bearish action in WOOF's MACD indicator but so far the stock remains above support at the $26.00 level. We may still exit early if WOOF trades under $26.50.

Picked on November 09 at $26.74
Change since picked: + 0.32
Earnings Date 10/26/05 (confirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

Sanderson Farms - SAFM - close: 33.15 chg: +0.36 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: - 2.02
Earnings Date 12/07/05 (unconfirmed)
Average Daily Volume: 257 thousand

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Tecumseh Prod. - TECUA - close 19.58 chg: +0.08 stop: 20.55

We see no change from our previous update on TECUA. 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: + 0.62
Earnings Date 11/07/05 (confirmed)
Average Daily Volume: 96 thousand
 

Closed Long Plays

None
 

Closed Short Plays

None
 

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