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Long Play Updates

ANSYS Inc. - ANSS - close: 41.76 change: -0.12 stop: 40.89

There is no change from our previous update on ANSS. We remain on the sidelines. We are suggesting a trigger at $44.05 to open the play. If triggered we'll target a move into the $49-50 range by the end of January.

Picked on December xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 153 thousand

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Anglogold - AU - close: 46.90 change: -0.03 stop: 41.95

Gold stocks pulled back a bit on Tuesday but AU closed well off its worse levels of the session. We don't believe the pull back in gold stocks is over just yet. Watch for a dip toward the 10-dma near 45.00. A bounce from the 10-dma could be used as a new entry point. Our target is the $49.50-50.00 range.

Picked on December 06 at $44.81
Change since picked: + 2.09
Earnings Date 01/27/06 (unconfirmed)
Average Daily Volume: 904 thousand

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Burlington Coat - BCF - close: 41.07 chg: -0.14 stop: 38.90

Tuesday was a mixed session for retailers. BCF seems to be losing altitude and could dip back toward round-number support at $40.00. We are not suggesting new plays at this time. We are going to raise our stop loss to $39.90. More conservative traders may want to exit right here! Our year-end target is the $43.50 level.

Picked on October 24 at $38.90
Change since picked: + 2.31
Earnings Date 01/04/06 (unconfirmed)
Average Daily Volume: 165 thousand

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CE Frankline Ltd - CFK - cls: 14.60 chg: +0.48 stop: 11.98

CFK surged to a new closing high and on big volume that came in more than twice its average. Our target is the $14.75-15.00 range and CFK could hit our target tomorrow. We are not suggesting new positions. More conservative traders may want to exit right here.

Picked on November 16 at $11.98
Change since picked: + 2.62
Earnings Date 10/27/05 (confirmed)
Average Daily Volume: 150 thousand

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CenturyTel Inc. - CTL - close: 33.86 change: +0.25 stop: 32.39

It was a volatile day for CTL. The stock immediately sold off this morning but managed to rebound near its 50-dma. The rebound was strong enough to push CTL to a new eight-week high. If you missed yesterday's entry point today's move looks like a new entry point. Our target is the $36.00 level. The P&F chart for CTL points to a $49 target.

Picked on December 12 at $33.55
Change since picked: + 0.31
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 855 thousand

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D.R.Horton - DHI - close: 36.81 chg: +0.72 stop: 33.75

DHI is looking pretty bullish. The stock turned in a 1.99% gain to breakout over what appears to be the top edge of a bull flag pattern. Readers can use this move as a new entry point to go long the stock. Our target for DHI is the $39.75-40.00 range.

Picked on November 21 at $35.85
Change since picked: + 0.96
Earnings Date 11/16/05 (confirmed)
Average Daily Volume: 3.2 million

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Forest Oil - FST - close: 48.56 change: +0.06 stop: 44.49

FST didn't make much headway today. We suspect shares are due for a pull back toward the 10-dma near 47.20. Our target is the $52.50-53.00 range. We do not want to hold over FST's February earnings report.

Picked on December 02 at $47.01
Change since picked: + 1.55
Earnings Date 02/09/06 (unconfirmed)
Average Daily Volume: 1.1 million

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Corning Inc. - GLW - close: 21.23 chg: -0.16 stop: 19.99

During the normal session GLW traded sideways. Yet after hours the stock got a positive mention on television and shares spiked to over $22.00 in after hours markets. Hopefully this strength will carry over into tomorrow's normal session. Our target is the $21.90-22.00 range.

Picked on November 13 at $20.11
Change since picked: + 1.14
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 11.8 million

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K-Swiss - KSWS - close: 33.05 chg: +0.49 stop: 31.45

We see no change from our previous updates on KSWS. The stock appears to be consistently inching higher in a narrow channel. As long as you monitor your stops the play should work out well. Our target is the $34.85-35.00 range.

Picked on November 29 at $32.09
Change since picked: + 0.96
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 256 thousand

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Levitt - LEV - close: 22.95 chg: -0.01 stop: 20.95

The closing numbers certainly don't tell the whole story today. LEV hit some profit taking and dipped to $22.30 before rebounding back to almost unchanged. More conservative traders may want to tighten their stops. Our target is the $24.90-25.00 range. We do not want to hold over the February earnings report.

Picked on December 01 at $22.27
Change since picked: + 0.68
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 161 thousand

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Nautilus - NLS - close: 18.85 change: +0.40 stop: 17.89

Good news. NLS has erased yesterday's losses and today's 2.16% gain has pushed the stock above its simple 50-dma. This looks like another bullish entry point. We've tried to limit our risk with a tight stop under Thursday's low. We are going to target a rally to $21.50, which is just under a 38.2% Fibonacci retracement of its five-month decline. We will not hold over the February earnings report.

Picked on December 11 at $18.81
Change since picked: + 0.04
Earnings Date 02/01/06 (unconfirmed)
Average Daily Volume: 598 thousand

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VCA Antech - WOOF - close: 28.03 chg: +0.13 stop: 25.90

We don't see any change from our weekend update on WOOF. We would not suggest new positions here. Our target is the $29.90-30.00 range.

Picked on November 09 at $26.74
Change since picked: + 1.29
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

NeuroMetrix - NURO - close: 30.87 chg: +0.71 stop: 34.01

Lack of follow through lower and today's move over the 10-dma doesn't look good for the bears. There is still a good chance that NURO is just producing an oversold bounce and that shares will reverse lower again after testing the 50-dma near $33.30. However, more conservative traders may want to protect their capital and exit early. You can always re-enter on a failed rally or a new relative low. We are not suggesting new positions here. Our target is a decline into the $22.75-22.00 range above its simple 200-dma. We do not want to hold over the late January earnings report.

Picked on December 06 at $29.59
Change since picked: + 1.28
Earnings Date 01/27/06 (unconfirmed)
Average Daily Volume: 210 thousand
 

Closed Long Plays

None
 

Closed Short Plays

None
 

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