Option Investor
Play Updates

In Play Updates and Reviews

HAVING TROUBLE PRINTING?
Printer friendly version

Long Play Updates

Burlington Coat - BCF - close: 40.90 chg: +0.75 stop: 37.45

BCF is making upward progress with today's 1.8% gain on above average volume. Big volume on the move suggest more strength ahead. Our target is the $43.50-44.00 range.

Picked on October 24 at $38.90
Change since picked: + 2.00
Earnings Date 10/06/05 (confirmed)
Average Daily Volume: 165 thousand

---

Csk Auto - CAO - close: 15.84 change: -0.06 stop: 14.95

Unfortunately, the rally in CAO has stalled under the $16 level and its exponential 200-dma. We have a limited time frame with CAO before its earnings report so we're not suggesting new positions. An alternative bullish candidate in this sector is ORLY, where traders could use a trigger over resistance at $31.00 as an entry point, or AAP, which has broken out over resistance at its 100-dma two days ago. We'd look for a dip back toward $41 in AAP as an entry point.

Picked on November 02 at $15.58
Change since picked: + 0.26
Earnings Date 12/02/05 (unconfirmed)
Average Daily Volume: 388 thousand

---

CE Frankline Ltd - CFK - close: 12.47 chg: +0.07 stop: 9.99

It was a quiet session for CFK. The stock appears to be struggling a bit under its early October highs. However, if the oil sector continues higher we expect CFK to breakout. 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: + 0.49
Earnings Date 10/27/05 (confirmed)
Average Daily Volume: 150 thousand

---

Cree Inc. - CREE - close: 27.26 change: +0.64 stop: 24.89

Micron (MU) got an upgrade today that fueled a rally in the semiconductor sector. Shares of CREE added 2.4% to close at a new three-month high. Our target will be the $30.00-31.00 range.

Picked on November 20 at $26.89
Change since picked: + 0.37
Earnings Date 01/19/06 (unconfirmed)
Average Daily Volume: 1.2 million

---

D.R.Horton - DHI - close: 36.89 chg: +0.75 stop: 32.45

DHI spent the first part of the session churning sideways. Then late in the afternoon the stock experienced a sharp spike higher on a surge of volume. Our target is the $39.75-40.00 range.

Picked on November 21 at $35.85
Change since picked: + 1.04
Earnings Date 11/16/05 (confirmed)
Average Daily Volume: 3.2 million

---

eBay Inc. - EBAY - close: 46.75 change: +0.56 stop: 42.45

EBAY added another 1.2% following yesterday's breakout over significant resistance at the $45.00 mark. We see no other changes from our previous updates. Our target is the $49.90-50.00 range.

Picked on November 21 at $45.10
Change since picked: + 1.65
Earnings Date 01/18/06 (unconfirmed)
Average Daily Volume: 17.2 million

---

Corning Inc. - GLW - close: 21.02 chg: +0.12 stop: 18.99

It's not very convincing but GLW has technically broken out over resistance at the $21.00 mark. We are not suggesting new plays at this time. Our target is the $21.90-22.00 range.

Picked on November 13 at $20.11
Change since picked: + 0.91
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 11.8 million

---

Gamestop Corp. - GME - close: 36.58 chg: -1.22 stop: 34.99

Hmm... was this a "sell the news" type of reaction? The bad news for us today is that GME spiked above resistance at the $38.00 level near the open and hit our trigger to go long at $38.05 before falling back under resistance. The stock dipped to $36.00 before bouncing higher this afternoon. Volume was pretty strong today. We would not suggest new positions here. Wait for a move over $38.00 or even today's high at $38.19 before considering new longs. If you were triggered with us on this morning's spike then more conservative traders may want to tighten their stops toward the $36 level. We're trying to catch a short squeeze and we don't think that's going to happen until GME trades to a new high. We plan to exit on the afternoon/closing bell for Monday, November 28th to avoid the company's earnings report.

Picked on November 22 at $38.05
Change since picked: - 1.47
Earnings Date 11/29/05 (confirmed)
Average Daily Volume: 1.1 million

---

Mentor Graphics - MENT - close: 8.83 chg: -0.07 stop: 8.49

We see no change from our weekend update. MENT remains stuck inside its four-month trading range between $7.85 and $9.00. We suspect that if the market's produce their seasonally bullish year-end rally that MENT can breakout to the upside from this consolidation. Our strategy involves a trigger to go long the stock 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

---

VCA Antech - WOOF - close: 27.95 chg: -0.15 stop: 25.90

The rally in WOOF stalled a bit today but shares closed near all-time highs. We're not suggesting new positions at this time. Our target is the $29.90-30.00 range. More conservative traders may want to tighten their stops.

Picked on November 09 at $26.74
Change since picked: + 1.21
Earnings Date 10/26/05 (confirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

None
 

Closed Long Plays

Intel Corp. - INTC - close: 26.16 chg: +0.91 stop: 23.45

Target achieved. Intel helped lead the semiconductor rally today with a 3.6% rally of its own. The stock hit our target in the $26.00-26.50 range. More aggressive traders may want to think about keeping the play open and riding the stock into the second half of December.

Picked on November 06 at $ 23.99
Change since picked: + 2.17
Earnings Date 10/18/05 (confirmed)
Average Daily Volume = 51.6 million

---

Komag - KOMG - close: 33.35 change: +2.16 stop: 26.99

Target achieved. The DDX disk drive sector index turned in another strong performance lead by shares of KOMG, which closed with a 6.9% gain on big volume. Our target was the $34.00-35.00 range and KOMG hit $34.17 this afternoon.

Picked on November 17 at $29.21
Change since picked: + 4.15
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 1.3 million

---

Verifone Holdings - PAY - close: 23.35 chg: -0.44 stop: 21.95

There has been no follow through on PAY's bullish reversal on Friday and today's relative weakness is a good reason to bail out early. We're going to close the play right here and cut our losses. We may reconsider new longs on another bounce from $22 or a move over $24.

Picked on November 17 at $23.67
Change since picked: - 0.32
Earnings Date 12/01/05 (confirmed)
Average Daily Volume: 304 thousand
 

Closed Short Plays

None
 

Premier Investor Play Update Archives