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Long Play Updates

ANSYS Inc. - ANSS - close: 41.71 change: -0.05 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: 45.87 change: -1.03 stop: 41.95

As we suspected the pull back in gold stocks was not over yet. Shares of AU lost 2.19% but volume was below average, which doesn't suggest a lot of conviction. 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: + 1.06
Earnings Date 01/27/06 (unconfirmed)
Average Daily Volume: 904 thousand

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Burlington Coat - BCF - close: 41.27 chg: +0.20 stop: 39.90

There is no change from our previous updates on BCF. We are not suggesting new plays at this time. 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: + 2.51
Earnings Date 01/04/06 (unconfirmed)
Average Daily Volume: 165 thousand

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CenturyTel Inc. - CTL - close: 34.25 change: +0.39 stop: 32.39

The breakout continues in CTL. The stock added another 1.15% and pushed through technical resistance at its 100-dma. 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: + 0.70
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 855 thousand

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D.R.Horton - DHI - close: 37.94 chg: +1.13 stop: 33.75

The homebuilding stocks were some of the best performers today. The DJUSHB index added 2.65% and broke through resistance at its 100-dma. DHI was helping lead the pack with a 3% gain and a new two-month high. Technicals have turned positive again and its daily chart shows a new MACD buy signal. Our target for DHI is the $39.75-40.00 range.

Picked on November 21 at $35.85
Change since picked: + 2.09
Earnings Date 11/16/05 (confirmed)
Average Daily Volume: 3.2 million

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Duke Energy - DUK - close: 27.42 change: +0.53 stop: 25.99

Our new bullish play in DUK is off to a strong start. The stock added almost 2% today and volume came in well above its average, which is a bullish development. The daily chart also shows a new MACD buy signal. Strength in the utilities and news of some M&A activity between FPL and CEG helped lift the sector. DUK is testing resistance near $27.50 so we wouldn't be surprised by a dip from here before seeing new relative highs. Our target is the top of the channel, which should intersect with the 200-dma near $28.00. We'll use a target of $27.95-28.00. Our stop will be under last week's low at $25.99.

Picked on December 13 at $26.89
Change since picked: + 0.53
Earnings Date 02/01/06 (unconfirmed)
Average Daily Volume: 3.9 million

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Forest Oil - FST - close: 48.82 change: +0.26 stop: 44.49

A strong rebound from its lows of the session helped push FST into the green. We're not sure the pull back is over so we'd still keep an eye on the 10-dma. 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: + 1.81
Earnings Date 02/09/06 (unconfirmed)
Average Daily Volume: 1.1 million

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Corning Inc. - GLW - close: 21.27 chg: +0.04 stop: 20.45 *new*

We don't see any change from our previous update. Last night's after hours strength failed to show up today but volume came in pretty strong. We're raising our stop loss to $20.45. Our target is the $21.90-22.00 range.

Picked on November 13 at $20.11
Change since picked: + 1.18
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 11.8 million

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K-Swiss - KSWS - close: 33.06 chg: +0.01 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: + 0.97
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 256 thousand

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Levitt - LEV - close: 23.10 chg: +0.15 stop: 20.95

Wednesday was a relatively volatile day for shares of LEV. The stock did breakout over resistance near $23.00 but failed to hold its gains over the descending 100-dma (23.40). We are not suggesting new positions at this time. 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: + 0.83
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 161 thousand

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Nautilus - NLS - close: 20.28 change: +1.43 stop: 17.89

Breakout! NLS produced a big bullish breakout today with a 7.58% gain on big volume more than twice the daily average. The stock cleared both resistance at the 50-dma and its early December highs. Actually what we could be seeing is a short-squeeze. The latest data puts short interest at 21% of its 33 million shares outstanding. Our target is the $21.50 level. We will not hold over the February earnings report.

Picked on December 11 at $18.81
Change since picked: + 1.47
Earnings Date 02/01/06 (unconfirmed)
Average Daily Volume: 598 thousand

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VCA Antech - WOOF - close: 27.86 chg: -0.17 stop: 26.74 *new*

Heads up! We're adjusting our stop loss. While the $26.00 level should be substantial support we don't want to see WOOF give back all of its gains. We're moving our stop to breakeven at $26.74. 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: + 1.12
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

New River Pharma. - NRPH - close: 49.66 chg: +3.67 stop: 50.01

Today is a good example of why we like to use triggers. Yesterday did look like a bearish entry point but we wanted to see some confirmation. This morning before the opening bell an analyst firm started coverage on NRPH with an "out perform" rating. The stock responded by gapping higher and soaring back toward the $50 level for a 7.9% gain on huge volume. A big chunk of today's move was probably a short squeeze with everyone trying to cover at once. Since we are still on the sidelines we're going to keep NRPH on the play list for another day or two and see where it goes from here. Our strategy involves a trigger at $45.45 to open the play. If triggered we'll target a drop to the $40.00 level. Currently the P&F chart points to a $39 target, which more closely coincides with the H&S pattern target.

Picked on December xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 11/14/05 (confirmed)
Average Daily Volume: 86 thousand

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NeuroMetrix - NURO - close: 31.10 chg: +0.23 stop: 34.01

We're not giving up yet but we're not suggesting new positions here either. There is still a chance that NURO will produce an oversold bounce back toward the 50-dma near $33.30. A failed rally there could be used as a new bearish entry point for more aggressive traders. However, more conservative traders may want to protect their capital and exit early right here. You can always re-enter on a failed rally or a new relative low. 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: + 1.51
Earnings Date 01/27/06 (unconfirmed)
Average Daily Volume: 210 thousand
 

Closed Long Plays

CE Frankline Ltd - CFK - cls: 14.89 chg: +0.29 stop: 11.98

Target achieved. CFK turned in another strong session with most of its gains today coming in late this afternoon. Our target was the $14.75-15.00 range and shares hit a high of $15.10. Volume came in well above the average again. CFK has risen more than 24% from our picked price.

Picked on November 16 at $11.98
Change since picked: + 2.91
Earnings Date 10/27/05 (confirmed)
Average Daily Volume: 150 thousand
 

Closed Short Plays

None
 

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