Option Investor
Play Updates

In Play Updates and Reviews

HAVING TROUBLE PRINTING?
Printer friendly version

Long Play Updates

Digital Realty - DLR - close: 28.40 chg: +0.17 stop: 25.99

Unfortunately, we have nothing new to report on for DLR. Shares are still stuck under the $28.50 level. 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: + 0.36
Earnings Date 05/06/06 (unconfirmed)
Average Daily Volume: 180 thousand

---

Denbury Res. - DNR - close: 32.73 change: +0.29 stop: 27.95

Oil stocks rallied again today but DNR's momentum has stalled and shares under performed their peers. We are not suggesting new positions at this time. Our target is unchanged in the $33.50-34.00 range.

Picked on March 26 at $30.47
Change since picked: + 2.26
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume: 783 thousand

---

Liberty Global - LBTYA - close: 20.96 chg: -0.04 stop: 19.49

LBTYA came within 30 cents of our target in the $21.95-22.25 range. The stock spiked higher this morning after news hit that the company was selling its Swedish cable business. The rally seemed to stall near its 100-dma. We are not suggesting new bullish positions at this time although we would consider a bounce in the 20.00-20.50 range as a new entry point.

Picked on April 02 at $20.47
Change since picked: + 0.49
Earnings Date 05/08/06 (unconfirmed)
Average Daily Volume: 1.7 million

---

LoJack Corp. - LOJN - close: 23.65 chg: -0.12 stop: 21.59

We have been disappointed with LOJN's performance all week. The stock has failed to follow through on last week's breakout and shares failed to participate in the market rally today. The stock traded in a 15-cent range for most of the session today. We're not suggesting new plays and if LOJN doesn't improve soon we'll exit early. 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: + 0.03
Earnings Date 05/03/06 (unconfirmed)
Average Daily Volume: 262 thousand

---

Nordson Corp. - NDSN - close: 49.90 change: +0.95 stop: 46.74

NDSN rallied back toward the $50 level and the stock looks poised to breakout. More conservative traders may want to wait for a move over $50.00 before initiating positions. 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: + 0.65
Earnings Date 05/29/06 (unconfirmed)
Average Daily Volume: 161 thousand

---

Oil States Intl. - OIS - close: 39.03 chg: +1.37 stop: 35.75*new*

Today's 3.6% rally in OIS is a nice follow through on yesterday's bullish engulfing candlestick pattern. Volume came in about double the daily average, which is also bullish. The stock is headed for the $40.00 level, which could be round-number resistance but we're aiming for the January highs in the $41.00-42.00 range. We do not want to hold over the early May earnings report. Please note that we're raising the stop loss to $35.75.

Picked on March 29 at $36.05
Change since picked: + 2.98
Earnings Date 05/04/06 (confirmed)
Average Daily Volume: 777 thousand

---

QuickLogic - QUIK - close: 6.33 chg: +0.42 stop: 5.19

Semiconductors turned in a strong performance today. The SOX helped lead the NASDAQ higher with a 2.75% gain. Shares of QUIK out performed its peers with a 7.1% gain on above average volume. The stock is already up more than 10% from our picked price. More conservative traders may want to lock in some gains here. Our target is the $7.25-7.50 range.

Picked on April 02 at $ 5.74
Change since picked: + 0.59
Earnings Date 02/01/06 (confirmed)
Average Daily Volume: 242 thousand

---

Trident Micro. - TRID - 30.78 chg: +1.12 stop: 27.49

TRID also turned in a strong session adding 3.77% and closing near its all-time highs from last week. We see the move over $30.50 as a new entry point for longs. 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: + 0.28
Earnings Date 04/19/06 (unconfirmed)
Average Daily Volume: 1.6 million
 

Short Play Updates

Crown Castle Intl. - CCI - cls: 28.53 chg: +0.21 stop: 29.36*new*

Red alert! CCI did hit a new two-month low but the stock rebounded strongly and volume on the session was more than double the daily average. The candlestick produced today is a "hammer" candlestick and at the bottom of this bearish trend it acts as a bullish reversal. Conservative traders should strongly consider exiting right here. We are adjusting our stop loss to breakeven at $29.36.

Picked on March 15 at $29.36
Change since picked: - 0.83
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume: 1.1 million

---

Illumina - ILMN - close: 23.62 chg: -0.21 stop: 25.01

ILMN is still under performing the market but we are not suggesting new bearish positions in this stock given the current market environment (bullish). 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: + 0.17
Earnings Date 02/01/06 (confirmed)
Average Daily Volume: 506 thousand

---

N.Y.Times - NYT - close: 25.30 change: -0.06 stop: 26.01

NYT's failure to participate in the market's rally today is a good sign for the bears but we remain extra cautious. We're not suggesting new positions and more conservative traders may want to exit early or tighten their stop loss even further (maybe 25.81?). Our target is the $24.00 level. We do not want to hold over the April 13th earnings report.

Picked on March 22 at $25.55
Change since picked: - 0.25
Earnings Date 04/13/06 (confirmed)
Average Daily Volume: 1.1 million

---

Tribune Co. - TRB - close: 27.31 change: -0.19 stop: 30.01

The good news here is that TRB continues to show relative weakness but we're 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: - 2.05
Earnings Date 04/13/06 (confirmed)
Average Daily Volume: 1.6 million
 

Closed Long Plays

None
 

Closed Short Plays

None
 

Premier Investor Play Update Archives