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Play Updates

In Play Updates and Reviews

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Long Play Updates

Amer. Campus Comm. - ACC - cls: 26.85 chg: +0.50 stop: 25.74

ACC is finally starting to bounce. This looks like a new bullish entry point given the rebound over the 10-dma. More conservative traders may want to wait for a move over $27.00 before considering positions. Our target is the $29.75-30.00 range.

Picked on March 15 at $27.11
Change since picked: - 0.26
Earnings Date 03/01/06 (confirmed)
Average Daily Volume: 70 thousand

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IAC/InterActive - IACI - close: 30.21 chg: -0.17 stop: 29.95

This is it. IACI has consolidated back toward support near $30.00. It's do or die time. We're either going to see shares rebound or we'll be stopped out at $29.95. We're not suggesting new longs at this time.

Picked on March 03 at $30.31
Change since picked: - 0.10
Earnings Date 02/08/06 (confirmed)
Average Daily Volume: 2.1 million

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Smurfit-Stone - SSCC - close: 13.16 chg: -0.21 stop: 12.99

SSCC erased yesterday's gain and shares are once again testing their 50-dma. Volume continues to be very light but that will be little solace if we're stopped out at $12.99. From the looks of SSCC's short-term oscillators the stock is headed for the $13.00 level and probably toward the 100-dma near 12.72. We are not suggesting new bullish positions at this time.

Picked on March 19 at $13.58
Change since picked: - 0.42
Earnings Date 04/26/06 (unconfirmed)
Average Daily Volume: 3.1 million
 

Short Play Updates

Baidu.com - BIDU - close: 50.60 change: -0.40 stop: 52.11

We are still on red alert with shares of BIDU. The stock produced another failed rally at the $52.00 level again today. The intraday chart looks weak and shares appear to be headed under $50 again soon but we are not suggesting new bearish positions. Traders should double-check their stop loss placement.

Picked on March 09 at $ 48.32
Change since picked: + 2.28
Earnings Date 05/23/06 (unconfirmed)
Average Daily Volume = 788 thousand

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Crown Castle Intl. - CCI - cls: 28.80 chg: -0.32 stop: 30.31*new*

So far so good. CCI is still sinking and shares have closed under the $29.00 level for the first time in weeks. Currently the stock is testing technical support at the 100-dma. A breakdown under $28.60 would be a good sign for the bears. Yet don't be surprised if CCI produces an oversold bounce back toward $30.00, especially if the markets are green tomorrow. We are going to lower our stop loss to $30.31. Our target is the $26.25-26.00 range.

Picked on March 15 at $29.36
Change since picked: - 0.56
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume: 1.1 million

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N.Y.Times - NYT - close: 25.50 change: +0.20 stop: 26.76

NYT produced a bit of an oversold bounce today in spite of one analyst firm reiterating their "under weight" rating on the stock. Watch for a failed rally near $26.00 as a new bearish entry point. Our target is the $24.00 level.

Picked on March 22 at $25.55
Change since picked: - 0.05
Earnings Date 04/13/06 (confirmed)
Average Daily Volume: 1.1 million

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Tribune Co. - TRB - close: 28.07 change: -0.22 stop: 31.01

We do not see any change from our previous updates on TRB. Our target is the $26.50-26.00 range. We do not want to hold over the April earnings report.

Picked on March 19 at $29.36
Change since picked: - 1.29
Earnings Date 04/13/06 (confirmed)
Average Daily Volume: 1.6 million
 

Closed Long Plays

Aeropostale - ARO - close: 30.16 change: -0.43 stop: 29.99

ARO failed to see any follow through on yesterday's intraday rebound. The stock continued lower today and traded under round-number support at the $30.00 mark. We have been stopped out at $29.99.

Picked on March 17 at $31.21
Change since picked: - 1.05
Earnings Date 03/09/06 (confirmed)
Average Daily Volume: 1.1 million

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BE Aerospace - BEAV - close: 24.23 change: -0.27 stop: 23.95

Yesterday we raised our stop loss in BEAV to reduce our risk and the stock obliged us today and hit our stop under short-term support at the $24.00 level. The play is closed at $23.95.

Picked on March 12 at $24.25
Change since picked: - 0.02
Earnings Date 05/05/06 (unconfirmed)
Average Daily Volume: 800 thousand

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Hewlett Packard - HPQ - cls: 33.00 chg: -0.36 stop: 32.45

We don't like the trading action in HPQ today. Yesterday the stock rebounded just enough to fill the gap and now shares look poised to move lower. We'd rather exit now and keep HPQ on our watch list for a bounce from the 50-dma or a breakdown under $32.00. We're suggesting readers exit early.

Picked on February 22 at $32.94
Change since picked: + 0.06
Earnings Date 02/15/06 (confirmed)
Average Daily Volume: 13.5 million
 

Closed Short Plays

None
 

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