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Long Play Updates

Builders FirstSource - BLDR - close: 21.78 chg: -0.15 stop: 20.25

It was almost as if trading in BLDR disappeared. Volume was extremely low today and shares traded in a narrow range. Everyone must be waiting for the jobs report tomorrow morning. If BLDR dips we'd watch the $21 level for the first line of support. Our target is the $23.50-24.00 range. We do not want to hold over the earnings report even if we think it will be positive.

Picked on January 03 at $21.75
Change since picked: + 0.03
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 205 thousand

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Duke Energy - DUK - close: 27.61 change: -0.20 stop: 26.89

Energy stocks, including utilities, turned lower today. DUK lost 0.7% but did not break its short-term trend of higher lows. We are not suggesting new positions. Our target is the $27.95-28.00 range near its 200-dma.

Picked on December 13 at $26.89
Change since picked: + 0.72
Earnings Date 02/01/06 (unconfirmed)
Average Daily Volume: 3.9 million

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LifeCell Corp. - LIFC - close: 19.58 change: +0.63 stop: 19.24

The stock got a lift today after an analyst firm started coverage with a "buy" rating this morning. We do not see any change from our weekend update on LIFC. Our trigger to go long the stock is at $20.65. If triggered we'll target a rally into the $24-25 range. The P&F chart is still bullish with a $29 target. We do not want to hold over the late January earnings report.

Picked on December xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 598 thousand

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Norfolk So. Corp. - NSC - close: 42.85 chg: -0.70 stop: 42.49

Heads up! Conservative traders may want to abandon ship right here. The transports were weak today and NSC lost 1.6% to close right on its 50-dma. Volume has been pretty heavy during the three-day decline. We are not suggesting new long positions here. We do not want to hold over the late January earnings report.

Picked on December 22 at $44.35
Change since picked: - 1.50
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 2.2 million

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VCA Antech - WOOF - close: 29.14 chg: +0.22 stop: 27.45

WOOF hit another new high today. We will plan to exit ahead of the late January earnings report. Our target is the $29.90-30.00 range.

Picked on November 09 at $26.74
Change since picked: + 2.40
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

GMX Resources - GMXR - close: 36.07 chg: -1.81 stop: 38.51

Weakness in the energy stocks hit GMXR hard today with a 4.7% decline. Traders might want to initiate new shorts if GMXR trades under today's low at $35.64. More conservative traders may want to wait for a new decline under $35.00 before initiating positions. Our target will be the $30.50-30.00 range. We do not want to hold over the late January earnings report.

Picked on January 01 at $36.00
Change since picked: + 0.07
Earnings Date 01/29/06 (unconfirmed)
Average Daily Volume: 256 thousand

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Network Appliance - NTAP - cls: 28.21 chg: +0.15 stop: 28.55

Tech stocks were the market leaders today and NTAP inched higher again but the "rally" couldn't push past the 50-dma - at least during the regular session. After hours Xyratex (XRTX) reported a strong Q4 earnings result and shares of NTAP were trading higher after hours. It would not take much for NTAP to hit our stop loss at $28.55 tomorrow.

Picked on December 28 at $27.70
Change since picked: + 0.51
Earnings Date 02/15/06 (unconfirmed)
Average Daily Volume: 4.3 million

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Somanetics - SMTS - close: 29.75 change: -0.18 stop: 33.05

We are not suggesting new positions at this time. More conservative traders may want to exit right here. Our target is the $27.50-27.00 range.

Picked on December 29 at $32.45
Change since picked: - 2.70
Earnings Date 01/11/06 (unconfirmed)
Average Daily Volume: 158 thousand

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Waters Corp. - WAT - close: 37.26 chg: -0.57 stop: 39.25

WAT is hitting new relative lows and this looks like a new bearish entry point. However, traders might want to wait on starting new plays until after we see how the market reacts to the jobs report tomorrow morning. Our target is the $35.25-35.00 range. WAT's P&F chart points to a $25 target. We do not want to hold over the late January earnings report.

Picked on December 18 at $38.60
Change since picked: - 1.34
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 901 thousand
 

Closed Long Plays

Outback Steakhouse - OSI - close: 40.50 chg: -1.49 stop: 40.49

We have been stopped out. Investors reacted negatively to OSI's same-store sales numbers for December. The company said that same store sales for the Outback restaurants had fallen 1.2% compared to a 5.2% gain in its Carrabba's chain. Our stop loss was $40.49 and OSI hit 40.44 today.

Picked on December 23 at $41.55
Change since picked: - 1.05
Earnings Date 02/09/06 (unconfirmed)
Average Daily Volume: 789 thousand
 

Closed Short Plays

NeuroMetrix - NURO - close: 31.29 chg: +1.19 stop: 31.05

The rebound in NURO continued into Thursday and the stock broke out over its 100-dma and hit our stop loss at $31.05.

Picked on December 06 at $29.59
Change since picked: + 1.70
Earnings Date 01/27/06 (unconfirmed)
Average Daily Volume: 210 thousand
 

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