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Long Play Updates

Amer.Phys.Cap. - ACAP - close: 48.93 change: -1.22 stop: 46.75

Thank goodness for triggers. We were spectators to ACAP's 2.4% decline today since the stock has not yet hit our trigger to go long at $50.61. If ACAP trades under $48.00 we'll probably drop the stock as a bullish candidate.

Picked on February xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/16/06 (unconfirmed)
Average Daily Volume: 53 thousand

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Arrow Elect. - ARW - close: 34.83 change: -0.76 stop: 33.90

Hmm... we cannot find any news to account for the Thursday morning gap down in ARW. Shares opened at $34.59 and then failed to push back past the $35.00 level midday. This weakness might be suggesting that ARW will retest the $34.00 level and its 50-dma before moving higher. We would not suggest new bullish positions at this time.

Picked on February 26 at $35.89
Change since picked: - 1.06
Earnings Date 02/22/06 (confirmed)
Average Daily Volume: 587 thousand

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Claires Store - CLE - close: 32.06 change: -0.60 stop: 31.39*new*

Retail stocks were mixed today after the industry released their same-store sales data for February. There seemed to be more misses than hits in the group and shares of CLE lost 1.8% after reporting same-store sales grew 4% last month. The overall up trend of higher lows is still in place for CLE but we are not suggesting new bullish positions. More conservative traders might just want to exit early since some of the short-term technical oscillators are looking weak. We're going to inch up our stop loss to $31.39. Don't forget that we plan to exit ahead of the earnings around March 9th. Our target is the $33.90-34.00 range. The P&F chart points to a $42 target.

Picked on February 14 at $32.00
Change since picked: + 0.06
Earnings Date 03/09/06 (confirmed)
Average Daily Volume: 697 thousand

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LM Ericsson - ERICY - close: 34.94 chg: +0.24 stop: 33.93

After a weak start this morning ERICY managed to rebound back into the green. The stock was looking relatively strong late in the day. More aggressive traders might want to open new bullish positions here. Yesterday we suggested that traders wait for a move over the 50-dma (near $35.00) before going long and we're sticking to that strategy. Our target is the $36.75-37.00 range.

Picked on February 14 at $34.61
Change since picked: + 0.33
Earnings Date 01/31/06 (confirmed)
Average Daily Volume: 2.2 million

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Hewlett Packard - HPQ - cls: 34.19 chg: +0.14 stop: 31.75

HPQ traded inside a relatively tight 35-cent range for most of the session before pushing back above the $34.00 level late in the day. We like the relative strength. Our target is the $35.00-35.50 range.

Picked on February 22 at $32.94
Change since picked: + 1.25
Earnings Date 02/15/06 (confirmed)
Average Daily Volume: 13.5 million

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Network Appl. - NTAP - close: 34.21 chg: +0.02 stop: 31.90

Networking stocks continued to perform well today. The NWX index added 0.6% today. The sector strength helped NTAP reach an intraday high of $35.00 but unfortunately the stock couldn't hold on to its midday gains. We would like to see the $34.00 level become new support but it would not surprise us to see a dip back toward the simple 10-dma. Our ten-week target is the $39.00-40.00 range.

Picked on February 27 at $33.50
Change since picked: + 0.71
Earnings Date 02/15/06 (confirmed)
Average Daily Volume: 4.5 million

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OptionsXpress - OXPS - close: 30.58 change: +0.20 stop: 29.95

Thursday was a close call for us. OXPS continued to dip toward the $30.00 level and hit $29.97 before rebounding. Our stop loss is at $29.95. Fortunately, traders seemed to buy the dip and pushed OXPS to a 1.6% gain. Aggressive traders might want to use the move over $31.00 as a new entry point. We are suggesting readers wait for a move over $31.50. Our target is the $34.75-35.00 range.

Picked on February 26 at $31.95
Change since picked: - 0.97
Earnings Date 04/27/06 (unconfirmed)
Average Daily Volume: 1.0 million

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SCS Transportation - SCST - cls: 27.42 chg: -0.58 stop: 25.99

SCST failed to produce any sort of follow through on yesterday's bullish breakout. This might suggest that the stock has produced a failed rally reversal pattern. However, it might just be another entry point for new long positions. We'd watch for a move over $27.60 or $27.65 as a new entry point to go long the stock. Our target is the $29.90-30.00 range. SCST's P&F chart points to a $36.50 target.

Picked on March 01 at $27.55
Change since picked: - 0.13
Earnings Date 04/25/06 (unconfirmed)
Average Daily Volume: 139 thousand

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Unisys - UIS - close: 6.76 change: -0.06 stop: 6.34

We do not see any change from our previous updates. We are not suggesting new bullish positions. More conservative traders may want to tighten their stops. Our short-term target is a move into the $7.40-7.50 range.

Picked on February 16 at $ 6.81
Change since picked: - 0.05
Earnings Date 01/26/06 (confirmed)
Average Daily Volume: 2.1 million
 

Short Play Updates

Bed Bath & Beyond - BBBY - cls: 36.35 chg: -0.31 stop: 37.01

We are still untriggered with BBBY. The stock failed to breakout over the simple 50-dma. We're suggesting a trigger to short the stock at $34.80.

Picked on February xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 03/29/06 (unconfirmed)
Average Daily Volume: 3.5 million

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Hilton Hotels - HLT - close: 23.96 change: -0.19 stop: 25.01

Our bearish play in HLT has been triggered. The stock broke down under support at the $24.00 level and hit our entry point at $23.98 to open the play. We're a little uncomfortable with the intraday bounce back and more conservative traders may want to just watch HLT for another day or two. Don't be surprised if HLT bounces back toward its trendline of resistance near $24.40-24.50. Our target is the $22.25-22.00 range.

Picked on March 02 at $23.98
Change since picked: - 0.02
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume: 2.9 million
 

Closed Long Plays

None
 

Closed Short Plays

None
 

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