Option Investor
Play Updates

In Play Updates and Reviews

HAVING TROUBLE PRINTING?
Printer friendly version

Long Play Updates

CEC Entertainment - CEC - cls: 36.94 chg: -0.41 stop: 35.99

A market-wide pull back on Monday helped drag CEC back toward the simple 200-dma, currently at 36.42. Watch for a bounce back above the $37.50 level before considering new bullish positions. Our target is the $39.85-40.00 range.

Picked on February 1 at $37.61
Change since picked: - 0.67
Earnings Date 03/01/06 (unconfirmed)
Average Daily Volume: 226 thousand

---

Curtiss Wright - CW - close: 59.24 chg: -0.54 stop: 57.99

We remain on the sidelines with CW. Our plan suggests traders go long at $60.35. More conservative traders might want to use a trigger like 60.51. If triggered we will target a run up into the $63.95-64.00 range.

Picked on February xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/09/06 (confirmed)
Average Daily Volume = 76 thousand

---

Dominos Pizza - DPZ - close: 26.15 change: +0.39 stop: 24.45

Our bullish play on DPZ is now open. DPZ has broken out over significant resistance at the $26.00 level and its three-month trading range. Our trigger to go long was at $26.16. Our target is the $27.85-28.00 range. We do not want to hold over the February 21st earnings report.

Picked on February xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/21/06 (confirmed)
Average Daily Volume: 401 thousand

---

LM Ericsson - ERICY - close: 34.16 chg: -0.10 stop: 33.93

There is no change from our weekend play description for ERICY. Our trigger to go long the stock is at $34.61. If triggered we will target a rally into the $36.75-37.00 range.

Picked on February xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 01/31/06 (confirmed)
Average Daily Volume: 2.2 million

---

Helen of Troy - HELE - close: 19.42 chg: -0.08 stop: 18.95

There is no change from our weekend update on HELE. Our target is the $21.00 level. We are not suggesting new positions.

Picked on January 25 at $19.04
Change since picked: + 0.38
Earnings Date 01/09/06 (confirmed)
Average Daily Volume: 285 thousand

---

TASER Intl. - TASR - close: 10.56 change: +0.81 close: 9.24

Our bullish play on TASR is now open. Some positive analyst comments and a new, higher price target helped fuel a bullish breakout in the stock. Our trigger to go long was at $10.05. The stock broke out over heavy resistance at the $10.00 mark on big volume. This looks like a short-squeeze waiting to happen. Short interest was last noted at 30% of its float. Our target is the $11.85-12.00 range.

Picked on February 13 at $10.05
Change since picked: + 0.51
Earnings Date 02/22/06 (nconfirmed)
Average Daily Volume: 2.9 million
 

Short Play Updates

Amer. Home Mtg - AHM - close: 28.04 chg: +0.23 stop: 28.85

Be careful here. It looks like AHM is ready to bounce again toward the top of its consolidation range. Watch for resistance in the $28.70 region. Our target is the $25.25-25.00 range.

Picked on February 08 at $27.89
Change since picked: + 0.15
Earnings Date 04/27/06 (unconfirmed)
Average Daily Volume: 639 thousand

---

Ebay Inc. - EBAY - close: 39.57 change: +0.04 stop: 42.01

We do not see any change from our weekend update on EBAY. We are still keeping an eye on the simple 10-dma to act as overhead resistance. Our initial target will be the $35.75-36.00 range.

Picked on February 09 at $39.53
Change since picked: + 0.04
Earnings Date 01/18/06 (confirmed)
Average Daily Volume: 13.9 million

---

Flextronics - FLEX - close: 10.01 change: -0.07 stop: 10.55

We see no change from our weekend update on FLEX. Our target is the $9.05-9.00 range.

Picked on February 05 at $10.02
Change since picked: - 0.01
Earnings Date 01/31/06 (confirmed)
Average Daily Volume: 7.0 million

---

Liz Claiborne - LIZ - close: 34.24 change: +0.08 stop: 34.75

We are still in immediate danger of being stopped out on any intraday spike higher so traders need to be cautious here. More conservative traders might try reducing their risk with a stop loss closer to $34.50. We are not suggesting new positions.

Picked on February 07 at $33.45
Change since picked: + 0.89
Earnings Date 03/01/06 (unconfirmed)
Average Daily Volume: 661 thousand

---

Oregon Steel - OS - close: 35.10 change: -2.63 stop: 39.01*new*

Steel stocks were weak on Monday and shares of OS were leading the way and closed with a 6.9% decline on above average volume. We are going to lower our stop loss to $39.01. Our target remains the 50-dma but we're planning an tactical exit in the $33.50-33.00 range.

Picked on February 09 at $36.99
Change since picked: - 1.89
Earnings Date 03/01/06 (confirmed)
Average Daily Volume: 870 thousand
 

Closed Long Plays

Palm Inc. - PALM - close: 35.66 change: -1.83 stop: 35.99

Ouch! It was a tough day for PALM. The stock lost 4.88% on above average volume and hit our stop loss at $35.99. The slide pushed through support at the bottom of its rising channel. The move seemed to be fueled by news that Microsoft (MSFT) was moving more strongly into the wireless arena even though MSFT is teaming up with PALM on a new Treo smartphone. What makes PALM's weakness even more surprising was news that the company announced a 2-for-1 stock split due for the middle of March. Normally investors tend to react favorably toward stock split announcements.

Picked on February 12 at $37.49
Change since picked: - 1.83
Earnings Date 03/19/06 (unconfirmed)
Average Daily Volume: 2.1 million

---

Knightsbridge Tankers - VLCCF - cls: 26.91 chg: -0.87 stop: 25.95

We give up. We were expecting VLCCF to report earnings this morning. Apparently the company is not going to report until tonight after the closing bell. Yet at the time of this update VLCCF had still not reported yet. On a technical basis today's action looks like a failed-rally bearish reversal. We're suggesting that readers exit immediately.

Picked on February 07 at $27.64
Change since picked: - 0.73
Earnings Date 02/13/06 (confirmed)
Average Daily Volume: 206 thousand
 

Closed Short Plays

Nat.Res.Ptnrs - NRP - cls: 51.75 chg: +0.15 stop: 53.01

Over the weekend we adjusted our exit strategy to bail out of NRP at Monday's closing bell. We do not want to hold over the earnings report expected to be released tomorrow. Estimates are for earnings of 73 cents a share.

Picked on February 02 at $53.01
Change since picked: - 1.26
Earnings Date 02/14/06 (confirmed)
Average Daily Volume: 79 thousand
 

Premier Investor Play Update Archives