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Long Play Updates

Amer. Power Conv. - APCC - close: 23.29 change: -0.14 stop: 21.69

We don't have anything new to report on for APCC. The stock is still struggling to breakout over the 100-dma near $23.60. If APCC doesn't trade over $24 by the end of the week we might exit early. We remain bullish and see no changes from our weekend play description. We are suggesting long positions in the $23.00-24.00 range. Our end of January target is the $26.50-27.00 range. We do not want to hold over the early February earnings report.

Picked on January 08 at $23.57
Change since picked: - 0.28
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 1.5 million

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ATI Tech. - ATYT - close: 17.62 change: -0.26 stop: 15.99

ATYT displayed a little bit of volatility today with a gap down at the open, a quick dip to $17.32, and then a rapid bounce to fill the morning gap. The stock appears to be consolidating sideways. We see no changes from our weekend play description. We want to suggest longs in the $17.00-18.00 range. Our six to eight week target is the $19.90-21.00 range. More conservative traders may want to think about using a tighter stop near $16.50.

Picked on January 08 at $17.71
Change since picked: - 0.09
Earnings Date 03/23/06 (unconfirmed)
Average Daily Volume: thousand

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Builders FirstSource - BLDR - cls: 22.30 chg: +0.32 stop: 20.49*new*

It was a relatively slow session for BLDR but bulls eventually won out with a late day rally higher. The stock gained 1.45%. Unfortunately, volume was below average. News that HD is buying HUG should be positive for BLDR but the lack of reaction earlier this morning is a surprise. We are going to inch our stop loss up to $20.49. We are not going to suggest new long positions here. The overall pattern for BLDR remains bullish and 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: + 0.55
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 205 thousand

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LifeCell Corp. - LIFC - close: 20.05 change: +0.00 stop: 19.24

LIFC closed unchanged on the session and we see no changes from our previous update. Our trigger to go long is at $20.65. If triggered we'll target a rally into the $24-25 range. The P&F chart is 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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VCA Antech - WOOF - close: 29.56 chg: -0.06 stop: 27.45

We do not see any change from yesterday's update on WOOF. The stock is almost to our target. Tomorrow could see WOOF hit our target in the $29.90-30.00 range. More conservative traders may want to exit right now.

Picked on November 09 at $26.74
Change since picked: + 2.78
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

GMX Resources - GMXR - close: 35.21 chg: -1.19 stop: 37.51*new*

GMXR was moving the correct direction for our short play today. Shares lost 3.2% and traded under the $35 level intraday. Volume came in above average. While this looks like a new bearish entry point we want to issue a cautionary note. The late day bounce looks like it will continue tomorrow. Don't be surprised to see GMXR rebound back to the $36.00-36.50 region. We are going to try and reduce our risk by lowering the stop loss to $37.51, above the 10-dma, which has been recent resistance. We are adjusting our target due to the rise in the 50-dma. The new target will be the $31.50-31.00 range. We do not want to hold over the late January earnings report.

Picked on January 01 at $36.00
Change since picked: - 0.79
Earnings Date 01/29/06 (unconfirmed)
Average Daily Volume: 256 thousand

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Landstar System - LSTR - close: 41.80 change: +0.20 stop: 42.01

Bulls are not yet willing to give up on the transportation sector. Neither are they willing to let go of LSTR just yet. Our trigger to short the stock is at $39.95. If triggered we'll target a decline into the $36.50-36.00 zone above its simple 200-dma.

Picked on January xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 406 thousand

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MedImmune - MEDI - close: 34.84 change: +0.22 stop: 35.41

MEDI showed some early weakness today but rebounded back into the green by the closing bell. We don't see any changes from our weekend play description. Our trigger to short the stock is at $33.45. If triggered we'll target a decline into the $30.50-30.00 range above its 200-dma. We do not want to hold over the early February earnings report.

Picked on January 0x at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 2.1 million

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Mercury Computer - MRCY - close: 19.74 change: +0.04 stop: 20.51

MRCY is still consolidating sideways. Watch for a failed rally under $20.00 or a drop from current levels as a new bearish entry point. We are going to target a drop into the $17.70-17.50 range by its January earnings report. We do not want to hold over the report.

Picked on January 05 at $19.34
Change since picked: + 0.41
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 296 thousand

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Waters Corp. - WAT - close: 38.96 chg: +0.62 stop: 39.01

Red alert! WAT continued to rally following yesterday's turnaround and now shares are breaking out over its four-month trendline of resistance. The stock has some resistance at $39.00 but if the market is positive at all tomorrow we'd expect WAT to stop us out at $39.01. We are not suggesting new plays.

Picked on December 18 at $38.60
Change since picked: + 0.36
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 901 thousand
 

Closed Long Plays

Lear Corp. - LEA - close: 28.24 change: -1.30 stop: 27.99

We have been stopped out of LEA. This morning before the opening bell LEA was downgraded to a "reduce" rating. The analyst lowered their price target to $25. The stock closed with a 4.4% loss. Around 40 minutes into the trading day LEA dipped to $27.82 stopping us out at $27.99.

Picked on January 05 at $29.25
Change since picked: - 1.01
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 1.8 million
 

Closed Short Plays

None
 

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