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Long Play Updates

Digital Realty - DLR - close: 28.25 chg: +0.08 stop: 25.99

DLR is still inching higher and the lack of profit taking looks like a show of strength. Volume was low, even for DLR, as the stock trades under resistance near $28.50. We would still be ready for a dip back toward $27.00-27.50 as a potential entry point. Our target is the $29.75-30.00 range. We do not want to hold over the early May earnings report.

Picked on March 29 at $28.04
Change since picked: + 0.21
Earnings Date 05/06/06 (unconfirmed)
Average Daily Volume: 180 thousand

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Denbury Res. - DNR - close: 31.97 change: +0.30 stop: 27.95

Friday's session for DNR looked like a bearish reversal so the lack of follow through lower today is a good sign. However, that doesn't mean that DNR won't see some profit taking and we would still expect a dip toward $30.00 or at least the 10-dma, currently near 30.65. A bounce from $30 could be used as a new bullish entry point. Our target is unchanged in the $33.50-34.00 range.

Picked on March 26 at $30.47
Change since picked: + 1.50
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume: 783 thousand

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Liberty Global - LBTYA - close: 20.84 chg: +0.37 stop: 19.49

The rally in LBTYA continued on Monday and on rising volume. Today's follow through on Friday's bullish breakout is encouraging. We don't see any change from our weekend update. Our target will be the $21.95-22.25 range.

Picked on April 02 at $20.47
Change since picked: + 0.37
Earnings Date 05/08/06 (unconfirmed)
Average Daily Volume: 1.7 million

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LoJack Corp. - LOJN - close: 23.61 chg: -0.37 stop: 21.59

LOJN is still struggling under the 100-dma. Watch for a bounce in the $23.00-23.30 range as a new bullish entry point. Our target is the $26.25-26.50 range. We do not want to hold over the early May earnings report.

Picked on March 29 at $23.62
Change since picked: - 0.01
Earnings Date 05/03/06 (unconfirmed)
Average Daily Volume: 262 thousand

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Nordson Corp. - NDSN - close: 49.13 change: -0.73 stop: 46.74

NDSN hit some profit taking today after a strong week last week that pushed shares toward the $50 level. Volume was pretty light on today's decline and that's what we want to see. A bounce from here near $49 or from the $48.50 level can be used as a new bullish entry point. More conservative traders may want to wait for a move over $50.00. Our target is the $53.00-53.50 range. We do not want to hold over the late May earnings report.

Picked on March 29 at $49.25
Change since picked: - 0.12
Earnings Date 05/29/06 (unconfirmed)
Average Daily Volume: 161 thousand

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Oil States Intl. - OIS - close: 36.63 chg: -0.22 stop: 32.24

OIS spiked higher this morning but failed again near the $38 level. This looks like a short-term bearish reversal and we would expect a dip back toward $36.00 and maybe the $35.00-35.50 region. The only good think about today's reversal is that volume came in below average. Wait for the bounce before considering new plays. Our target is the $41.00-42 range. We do not want to hold over the early May earnings report.

Picked on March 29 at $36.05
Change since picked: + 0.58
Earnings Date 05/04/06 (confirmed)
Average Daily Volume: 777 thousand

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QuickLogic - QUIK - close: 6.13 chg: +0.39 stop: 5.19

Semiconductor stocks were the best performing tech sector today but even they gave back a significant portion of their gains this afternoon. Shares of QUIK showed no such weakness. The stock was strong from the start and any profit taking stalled near the $6.00 level. Volume was very strong at more than three times the daily average. QUIK closed with a 6.79% gain. Our target is the $7.25-7.50 range.

Picked on April 02 at $ 5.74
Change since picked: + 0.39
Earnings Date 02/01/06 (confirmed)
Average Daily Volume: 242 thousand

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Smurfit-Stone - SSCC - close: 13.72 chg: +0.15 stop: 12.99

SSCC challenged the $14.00 level today and then reversed course. Look for a dip back toward the $13.40-13.50 region. We do not see any change from our weekend update. Our target is the $14.95-15.50 range. We do not want to hold over the late April earnings report.

Picked on March 19 at $13.58
Change since picked: + 0.14
Earnings Date 04/26/06 (unconfirmed)
Average Daily Volume: 3.1 million

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Trident Micro. - TRID - 29.82 chg: +0.76 stop: 27.49

TRID out performed the market and its peers in the semiconductor sector with a 2.6% rally today. We do not see any change from our weekend update. Our target will be the $33.00-33.50 range. We do not want to hold over the mid April earnings report.

Picked on March 26 at $30.50
Change since picked: - 0.68
Earnings Date 04/19/06 (unconfirmed)
Average Daily Volume: 1.6 million
 

Short Play Updates

Crown Castle Intl. - CCI - cls: 28.74 chg: +0.39 stop: 30.01

CCI continued to bounce today but the stock remains inside its narrow, descending channel. Shares should find resistance near $29.00 or the 10-dma (28.80) or the 100-dma (28.85). More conservative traders may want to adjust their stop loss into the $29.45-29.55 range. We are not suggesting new short plays at this time. Our target is the $26.25-26.00 range.

Picked on March 15 at $29.36
Change since picked: - 0.62
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume: 1.1 million

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Illumina - ILMN - close: 23.38 chg: -0.37 stop: 25.01

ILMN continued to breakdown and the stock has hit our trigger to short it at $23.45. Today's follow through on Friday's breakdown should help confirm the new short-term bearish trend. Now that the play is open our target is the $20.50-20.00 range. Actually we're targeting the 100-dma but we're using the range as or official target. Please note that this might be considered a high-risk, aggressive play. The latest data puts short interest at 7.8% of its 37.9 million share float.

Picked on April 03 at $23.45
Change since picked: - 0.07
Earnings Date 02/01/06 (confirmed)
Average Daily Volume: 506 thousand

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N.Y.Times - NYT - close: 25.42 change: +0.11 stop: 26.01

There is no change from our weekend update on NYT. Our target is the $24.00 level. We do not want to hold over the April 13th earnings report. We're not suggesting new plays at this time.

Picked on March 22 at $25.55
Change since picked: - 0.13
Earnings Date 04/13/06 (confirmed)
Average Daily Volume: 1.1 million

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Tribune Co. - TRB - close: 27.47 change: +0.04 stop: 30.01

TRB is still consolidating sideways and volume continues to be very high. We see no change from our weekend update. We are not suggesting new plays at this time. 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: - 1.89
Earnings Date 04/13/06 (confirmed)
Average Daily Volume: 1.6 million
 

Closed Long Plays

None
 

Closed Short Plays

None
 

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