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Long Play Updates

Burlington Coat - BCF - close: 41.24 chg: +0.38 stop: 37.45

BCF continues to inch higher and just closed at a new four-month high. Our target is the $43.50-44.00 range.

Picked on October 24 at $38.90
Change since picked: + 2.38
Earnings Date 10/06/05 (confirmed)
Average Daily Volume: 165 thousand

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Csk Auto - CAO - close: 15.72 change: -0.12 stop: 14.95

The rally in CAO is struggling under the $16 level and its exponential 200-dma. At this time we would expect shares to decline back toward the $15.50 level before mustering up enough steam to try and breakout again. We're running low on time before we have to exit ahead of CAO's earnings report so we're not suggesting new plays.

Picked on November 02 at $15.58
Change since picked: + 0.14
Earnings Date 12/02/05 (unconfirmed)
Average Daily Volume: 388 thousand

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CE Frankline Ltd - CFK - close: 12.01 chg: -0.46 stop: 9.99

CFK was hit by some profit taking today pulling the stock down more than 3.6% and back toward prior resistance at the $12.00 mark. We would not be surprised to see CFK dip to its simple 10-dma near $11.70 before moving higher again. A bounce from the 10-dma back over $12.00 could be used as a new entry point. 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 (the 50-dma is near 10.95).

Picked on November 16 at $11.98
Change since picked: + 0.03
Earnings Date 10/27/05 (confirmed)
Average Daily Volume: 150 thousand

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Cree Inc. - CREE - close: 27.29 change: +0.03 stop: 24.89

Semiconductor bulls must have left early for Thanksgiving because the rally in the SOX stalled on Wednesday. We see no changes from our previous updates on CREE. Our target will be the $30.00-31.00 range.

Picked on November 20 at $26.89
Change since picked: + 0.40
Earnings Date 01/19/06 (unconfirmed)
Average Daily Volume: 1.2 million

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D.R.Horton - DHI - close: 36.67 chg: -0.22 stop: 32.45

Homebuilders also saw their rally stall on Wednesday and DHI turned in a quiet session. A bounce from $36 could be used as a new entry point. Our target is the $39.75-40.00 range.

Picked on November 21 at $35.85
Change since picked: + 0.82
Earnings Date 11/16/05 (confirmed)
Average Daily Volume: 3.2 million

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eBay Inc. - EBAY - close: 46.64 change: -0.11 stop: 42.45

EBAY hit a new one-year high today but could not hold its intraday gains. We would not be surprised to see a dip back toward broken resistance, now new support, at the $45 level. Actually a bounce from $45 would be a new bullish entry point. Our target is the $49.90-50.00 range.

Picked on November 21 at $45.10
Change since picked: + 1.54
Earnings Date 01/18/06 (unconfirmed)
Average Daily Volume: 17.2 million

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Corning Inc. - GLW - close: 21.02 chg: +0.00 stop: 18.99

There was no change in shares of GLW today and we see no change from our previous updates on the stock. 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

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Mentor Graphics - MENT - close: 9.22 chg: +0.39 stop: 8.64*new*

Ding! After days of waiting shares of MENT finally broke out from its four-month trading range. Our trigger to go long the stock was at $9.05 so the play is now open. Our target is the $9.95-10.00 range near its 200-dma. Please note our caution. Volume was very low, which is not what you'd expect on a significant move like this. The rally came this afternoon so it's almost as if there was a lack of sellers because they had all gone home early for the holiday. We are going to tighten our stop loss to $8.64.

Picked on November 23 at $ 9.05
Change since picked: + 0.17
Earnings Date 01/19/06 (unconfirmed)
Average Daily Volume: 713 thousand

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VCA Antech - WOOF - close: 28.13 chg: +0.18 stop: 25.90

Wednesday proved to be a quiet session for WOOF. We see no change from our previous updates. 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: + 1.39
Earnings Date 10/26/05 (confirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

None
 

Closed Long Plays

Gamestop Corp. - GME - close: 35.46 chg: -1.12 stop: 34.99

Bad news! The bearish reversal in GME has continued. Today's 3% decline was fueled by news that GME's president has resigned to become the CEO for 7-Eleven. Volume was pretty strong on today's drop, which would normally suggest more weakness ahead. We're going to exit now to avoid further losses.

Picked on November 22 at $38.05
Change since picked: - 2.59
Earnings Date 11/29/05 (confirmed)
Average Daily Volume: 1.1 million
 

Closed Short Plays

None
 

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