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Long Play Updates

Amer. Power Conv. - APCC - close: 23.36 change: +0.07 stop: 21.69

We still don't have anything new to report on for APCC. The stock is struggling to breakout over the 100-dma near $23.55. 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: - 0.21
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 1.5 million

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ATI Tech. - ATYT - close: 17.63 change: +0.01 stop: 15.99

It was a lackluster session for ATYT on Wednesday. We don't see any changes from our previous updates on the stock. 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: - 0.08
Earnings Date 03/23/06 (unconfirmed)
Average Daily Volume: thousand

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Builders FirstSource - BLDR - cls: 23.37 chg: +1.07 stop: 20.89*new*

BLDR almost reached our target this afternoon. The stock spiked higher this morning and after consolidating sideways for most of the session the rally surged again last in the day. Our target is the $23.50-24.00 range. We are raising the stop loss to $20.89. We are not suggesting new positions here.

Picked on January 03 at $21.75
Change since picked: + 1.62
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 205 thousand

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Bluelinx - BXC - close: 12.95 change: +0.48 stop: 11.45 *new*

The technical breakout continues in shares of BXC. The stock added 3.8% on top of yesterday's gains. We don't see any changes from our previous update but we will raise our stop loss to $11.45. Our target will be the $15.00-15.50 range by late February through early March. FYI - the P&F chart points to a $25 target.

Annotated chart:

Picked on January 10 at $12.47
Change since picked: + 0.48
Earnings Date 03/09/06 (unconfirmed)
Average Daily Volume: 142 thousand

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Evergreen Solar - ESLR - close: 12.25 change: +0.00 stop: 10.99

Lack of profit taking after yesterday's big gain could be interpreted as bullish news. Traders were there to buy the early dip back to the $12.00 level although there wasn't enough momentum to push ESLR over the $12.50 level today. We see no changes from our play description from last night. We would suggest long positions in the $11.50-12.50 range but would prefer to initiate bullish positions on a pull back into the $11.50-12.00 region. More conservative traders may want to put their stop closer to $11.50. Since we only have until early February we're going to target a rally into the $13.90-14.00 range.

Picked on January 10 at $12.25
Change since picked: + 0.00
Earnings Date 02/03/06 (unconfirmed)
Average Daily Volume: 2.4 million

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LifeCell Corp. - LIFC - close: 20.29 change: +0.24 stop: 19.24

Officially the play is now open but we would be careful here. LIFC spiked higher intraday and hit $20.86 before pulling back. That was enough to breakout over resistance at the 100-dma and hit our trigger to go long at $20.65. The failure to hold its gains makes us skeptical. We would wait for a new move over $20.75 or $20.86 before initiating new long positions. Our target is the $24.00-25.00 range but we don't want to hold over the January earnings report and that doesn't give us a lot of time.

Picked on January 11 at $20.65
Change since picked: - 0.36
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 598 thousand

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Nexen Inc. - NXY - close: 52.00 change: +0.80 stop: 47.95

We did not have to wait very long before NXY hit our trigger to open the play. Shares continued to rally on Wednesday and hit an intraday high of $52.67. Our trigger to go long the stock was at $52.11, above resistance at the $52.00 level. Volume on today's gain was pretty strong. The P&F chart shows a new triple-top breakout buy signal with a $63 target. Our target is the $57.50-58.00 range by mid February.

Picked on January 11 at $52.11
Change since picked: - 0.11
Earnings Date 02/17/06 (unconfirmed)
Average Daily Volume: 424 thousand

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VCA Antech - WOOF - close: 29.30 chg: -0.25 stop: 27.45

WOOF is seeing some profit taking. Conservative traders may want to give some serious thought to just exiting right here. Our target is the $29.90-30.00 range. We are not suggesting new positions.

Picked on November 09 at $26.74
Change since picked: + 2.53
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

GMX Resources - GMXR - close: 34.98 chg: -0.23 stop: 37.11 *new*

GMXR continues to be very volatile. The stock dipped to $33.20 near its rising 40-dma before rebounding back toward the $35 level. The candlestick created today looks like a "hammer" pattern and could be a one-day bullish reversal signal. Therefore we are not suggesting new positions. In an effort to reduce our risk we're going to lower our stop loss to $37.11, still above its simple 10-dma, which has been resistance for the past couple of weeks. Our recently adjusted target is the $31.50-31.00 range, near its 50-dma. We do not want to hold over the late January earnings report.

Picked on January 01 at $36.00
Change since picked: - 1.02
Earnings Date 01/29/06 (unconfirmed)
Average Daily Volume: 256 thousand

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Landstar System - LSTR - close: 41.52 change: -0.29 stop: 42.01

We remain on the sidelines. 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: 34.86 change: +0.02 stop: 35.41

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: 19.51 change: -0.23 stop: 20.51

There is not much change in MRCY. The stock is still consolidating sideways. A new relative low under $19.25 could be used as a new entry point for shorts. 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: + 0.17
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 296 thousand
 

Closed Long Plays

None
 

Closed Short Plays

Waters Corp. - WAT - close: 39.15 chg: +0.19 stop: 39.01

There are no surprises here. WAT did continue to climb higher on Wednesday. The stock broke out over the $39.00 level and then promptly flattened out. We have been stopped out at $39.01.

Picked on December 18 at $38.60
Change since picked: + 0.55
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 901 thousand
 

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