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Long Play Updates

Burlington Coat - BCF - close: 40.57 chg: +0.46 stop: 37.45

BCF continues to slowly make upward progress. Let's hope the stock reaches our target before New Year's. Our target is the $43.50-44.00 range.

Picked on October 24 at $38.90
Change since picked: + 1.67
Earnings Date 10/06/05 (confirmed)
Average Daily Volume: 165 thousand

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Csk Auto - CAO - close: 15.50 change: +0.24 stop: 14.95

CAO produced a decent bounce today, which should confirm yesterday's short-term bullish reversal. The move over $15.50 looks like a new bullish entry point but keep in mind that we only have a couple of weeks left before we close the play ahead of CAO's earnings report.

Picked on November 02 at $15.58
Change since picked: - 0.08
Earnings Date 12/02/05 (unconfirmed)
Average Daily Volume: 388 thousand

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CE Frankline Ltd - CFK - close: 12.00 chg: +0.02 stop: 9.99

Oil stocks trended lower today after a spike lower in crude oil prices. Yet CFK continued to display relative strength and managed to close in the green. Volume today was pretty strong. While we would consider new positions here we think patient traders can probably wait and get a better entry point on a dip back toward $11.50. Our target is going to be the $14.75-15.00 range over the next eight weeks. We are suggesting a stop loss at $9.99 but more conservative traders might want to consider something tighter.

Picked on November 16 at $11.98
Change since picked: + 0.02
Earnings Date 10/27/05 (confirmed)
Average Daily Volume: 150 thousand

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Corning Inc. - GLW - close: 20.85 chg: +0.46 stop: 18.99

GLW announced that the court ruled in its favor for a patent infringement case and the stock added 2.2% on above average volume. Shares of GLW are nearing short-term resistance at the $21.00 level. Our target is the $21.90-22.00 range.

Picked on November 13 at $20.11
Change since picked: + 0.74
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 11.8 million

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Intel Corp. - INTC - close: 25.11 chg: +0.24 stop: 23.45

INTC managed to bounce back above its 200-dma and the $25.00 level but the rally stalled near $25.25. We see no other changes from our previous updates. Our year-end target is the $26.00-26.50 range.

Picked on November 06 at $ 23.99
Change since picked: + 1.12
Earnings Date 10/18/05 (confirmed)
Average Daily Volume = 51.6 million

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Komag - KOMG - close: 30.37 change: +1.67 stop: 26.99

We have been triggered. Some of the hard drive and computer storage stocks turned in strong gains today and KOMG helped lead the pack with a 5.8% rally. The stock broke through resistance at $29.00, its 50-dma and the $30.00 mark. Our trigger to go long was at $29.21. Volume came in well above its average. Some sources have suggested that KOMG might be undergoing a potential short-squeeze. The latest data does put short interest at 27.3% of its 29.8 million shares outstanding. Our target is the $34.00-35.00 range.

Picked on November 17 at $29.21
Change since picked: + 1.16
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 1.3 million

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Mentor Graphics - MENT - close: 8.63 chg: +0.03 stop: 8.49

We see no changes from our previous updates on MENT. Our strategy is to go long the stock on a breakout over resistance at $9.00. Our suggested trigger 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: 42.20 chg: +0.35 stop: 39.99

Hmm... PDCO did post a again today but we're surprised it wasn't more significant. The stock was beginning to rally late in the session so maybe we'll see some follow through tomorrow. We're not suggesting new positions at this time. 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: + 1.37
Earnings Date 11/23/05 (confirmed)
Average Daily Volume: 1.2 million

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VCA Antech - WOOF - close: 27.51 chg: +0.45 stop: 25.90

Heads up! Today's gain in WOOF has renewed our confidence in the bullish pattern. The stock has broken out above its short-term trend of lower highs and it looks like the stock is poised to challenge resistance at the $28 level. Our target is the $29.90-30.00 range.

Picked on November 09 at $26.74
Change since picked: + 0.77
Earnings Date 10/26/05 (confirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

Sanderson Farms - SAFM - close: 32.80 chg: -0.35 stop: 35.01

SAFM displayed some relative weakness today. Shares rallied to $33.75 before turning lower and closing for a loss on the session. 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: - 2.37
Earnings Date 12/07/05 (unconfirmed)
Average Daily Volume: 257 thousand
 

Closed Long Plays

None
 

Closed Short Plays

Tecumseh Prod. - TECUA - close 20.90 chg: +1.32 stop: 20.55

Whoa! What happened to TECUA? We can't find any news or catalyst to explain what caused the spike higher today. It looks like the stock got an upgrade but we can't find it. Shares gapped higher to open at $19.68 and then rallied quickly over the $20 level. We were stopped out at $20.55 for a loss.

Picked on November 09 at $18.96
Change since picked: + 1.94
Earnings Date 11/07/05 (confirmed)
Average Daily Volume: 96 thousand
 

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