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Long Play Updates

CEC Entertainment - CEC - cls: 37.75 chg: +0.35 stop: 35.99

CEC has rallied back into positive territory for us. Maybe this time the stock can breakout over the $38.00 level and close there. Our target is the $39.85-40.00 range.

Picked on February 1 at $37.61
Change since picked: + 0.14
Earnings Date 03/01/06 (unconfirmed)
Average Daily Volume: 226 thousand

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Claires Store - CLE - close: 32.43 change: +0.13 stop: 29.99

A better than expected earnings report from J.C.Penney (JCP) today helped push the RLX retail index higher but not by much. We don't see any change from our previous updates on CLE. Traders can choose to open new long positions here or hope for a pull back toward the $31.50 region and buy the dip. Our target is the $33.90-34.00 range.

Picked on February 14 at $32.00
Change since picked: + 0.30
Earnings Date 03/09/06 (unconfirmed)
Average Daily Volume: 697 thousand

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Curtiss Wright - CW - close: 61.10 chg: +1.27 stop: 57.99

Our bullish play in CW has been opened. The stock finally broke out over resistance at the $60.00 level and hit our trigger to go long at $60.35. Our only concern was the volume, which came in under the daily average and that's pretty low! A lack of volume usually means a lack of conviction behind the move. Our target is the $63.95-64.00 range.

Picked on February 16 at $ 60.35
Change since picked: + 0.75
Earnings Date 02/09/06 (confirmed)
Average Daily Volume = 76 thousand

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Dominos Pizza - DPZ - close: 26.32 change: -0.03 stop: 25.94*new*

Tomorrow is our last day. We plan to exit near the closing bell on Friday. We do not want to hold over the earnings report. Please note that we're inching up the stop loss to $25.94 near the simple 10-dma.

Picked on February 13 at $26.16
Change since picked: + 0.19
Earnings Date 02/21/06 (confirmed)
Average Daily Volume: 401 thousand

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LM Ericsson - ERICY - close: 35.37 chg: -0.09 stop: 33.93

ERICY hit a little bit of profit taking today but the stock bounced twice from the $35.00 level. Our target is the $36.75-37.00 range.

Picked on February 14 at $34.61
Change since picked: + 0.76
Earnings Date 01/31/06 (confirmed)
Average Daily Volume: 2.2 million

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Helen of Troy - HELE - close: 20.22 chg: +0.25 stop: 19.45

Good news! HELE continues to rally and shares have broken out past round-number resistance at the $20.00 mark. Our tactical exit range is the $20.75-20.85 zone (we're aiming for the simple 200-dma).

Picked on January 25 at $19.04
Change since picked: + 1.18
Earnings Date 01/09/06 (confirmed)
Average Daily Volume: 285 thousand

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Novell Inc. - NOVL - close: 9.50 change: +0.24 stop: 8.99

Now that's more like it! NOVL added 2.59% on very strong volume and pushed through its 10-dma. We're going to hold NOVL right up to its earnings report around the 2nd of March but we'll set a preliminary exit target at $10.25.

Picked on February 14 at $ 9.30
Change since picked: + 0.20
Earnings Date 03/02/06 (unconfirmed)
Average Daily Volume: 5.6 million

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TASER Intl. - TASR - close: 10.24 change: -0.19 close: 9.69 *new*

TASR dipped back to the $10.10 level before bouncing this afternoon. This relative weakness during a relatively wide spread market rally is not a good sign. We are raising our stop loss to $9.69. Our target is the $11.85-12.00 range.

Picked on February 13 at $10.05
Change since picked: + 0.19
Earnings Date 02/22/06 (nconfirmed)
Average Daily Volume: 2.9 million
 

Short Play Updates

Ebay Inc. - EBAY - close: 41.77 change: +1.12 stop: 42.01

This is it. EBAY has rallied right to resistance near $42.00. Will the stock fail at resistance and roll over or will it break out? That's the question we'll probably see the answer to tomorrow. We are not suggesting new short positions and traders should double-check their stop losses.

Picked on February 09 at $39.53
Change since picked: + 2.23
Earnings Date 01/18/06 (confirmed)
Average Daily Volume: 13.9 million

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Oregon Steel - OS - close: 36.40 change: +1.13 stop: 37.55*new*

The market wide rally on Thursday was felt across much of the steel sector. Shares of OS added 3.2% but there wasn't much volume behind the move. Readers should note that this is a risky position. The sector could easily continue to rally higher and retest its highs, especially if the broader market continues to be strong. Some of the short-term technical indicators for OS, which have been somewhat oversold are turning higher again. We fully expect shares of OS to bounce toward the simple 10-dma, currently near 37.45. If you do not want to take that kind of risk then strongly consider exiting early right here. We'll try and reduce some of our risk by lowering our stop to $37.55. Our target is the 50-dma but we're planning a tactical exit in the $33.65-33.45 range.

Picked on February 09 at $36.99
Change since picked: - 1.72
Earnings Date 03/01/06 (confirmed)
Average Daily Volume: 870 thousand
 

Closed Long Plays

None
 

Closed Short Plays

Flextronics - FLEX - close: 10.27 change: +0.12 stop: 10.35

FLEX continued to bounce higher on Thursday and the stock hit our stop loss at $10.35. Several of the technical indicators are turning more bullish but we wouldn't be surprised to see another dip toward the $10.00 level soon.

Picked on February 05 at $10.02
Change since picked: + 0.25
Earnings Date 01/31/06 (confirmed)
Average Daily Volume: 7.0 million
 

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