Option Investor
Play Updates

In Play Updates and Reviews

HAVING TROUBLE PRINTING?
Printer friendly version

Long Play Updates

Digital Realty - DLR - close: 28.51 chg: +0.11 stop: 26.90*new*

The good news with DLR today is that shares finally pushed through the $28.50 level. It wasn't very convincing but we're not going to complain. Our warning about being ready for a dip back toward the $27.00 or $27.50 level still stands. However, we are going to raise our stop loss to $26.90. 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: + 0.47
Earnings Date 05/06/06 (unconfirmed)
Average Daily Volume: 180 thousand

---

Denbury Res. - DNR - close: 32.82 change: +0.09 stop: 27.95

Another bullish day for crude oil helped DNR post a gain but in reality the day was a toss up with shares trading mostly sideways. 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: + 2.35
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume: 783 thousand

---

Liberty Global - LBTYA - close: 21.09 chg: +0.13 stop: 19.49

It was a quiet day for LBTYA. The stock traded mostly sideways but kept a very short-term bullish trend of higher lows. 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. Our target is the $21.95-22.25 range.

Picked on April 02 at $20.47
Change since picked: + 0.62
Earnings Date 05/08/06 (unconfirmed)
Average Daily Volume: 1.7 million

---

LoJack Corp. - LOJN - close: 23.99 chg: +0.34 stop: 21.59

LOJN displayed some relative strength today and the short-term technical picture is improving. The stock remains under resistance at the 100-dma. 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: + 0.37
Earnings Date 05/03/06 (unconfirmed)
Average Daily Volume: 262 thousand

---

Nordson Corp. - NDSN - close: 49.54 change: -0.36 stop: 46.74

Lacking leadership from the major market averages, shares of NDSN continued to consolidate under the $50.00 level. 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: + 0.29
Earnings Date 05/29/06 (unconfirmed)
Average Daily Volume: 161 thousand

---

Oil States Intl. - OIS - close: 39.67 chg: +0.64 stop: 35.75

Crude oil futures rose to more than $68 a barrel today and that lent strength to shares of OIS, which added 1.6% on above average volume. Shares are now testing the $40.00 level, which could act as round-number resistance. Our target is the $41.00-42.00 range but more conservative traders may want to lock in some profits right here. We do not want to hold over the early May earnings report.

Picked on March 29 at $36.05
Change since picked: + 3.62
Earnings Date 05/04/06 (confirmed)
Average Daily Volume: 777 thousand

---

QuickLogic - QUIK - close: 6.40 chg: +0.07 stop: 5.45*new*

Semiconductor stocks were a pocket of strength today and shares of QUIK posted another two-year high. Our target is the $7.25-7.50 range but more conservative traders may want to lock in some gains right here. We are going to raise our stop loss to $5.45.

Picked on April 02 at $ 5.74
Change since picked: + 0.66
Earnings Date 02/01/06 (confirmed)
Average Daily Volume: 242 thousand

---

Trident Micro. - TRID - 30.51 chg: -0.27 stop: 27.49

TRID spent most of the day trading sideways in a narrow range. Our target is 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: + 0.01
Earnings Date 04/19/06 (unconfirmed)
Average Daily Volume: 1.6 million
 

Short Play Updates

Illumina - ILMN - close: 22.08 chg: -1.54 stop: 25.01

Shares of ILMN continue to under perform and the stock lost 6.5% today on above average volume, which is bearish. Our target has been the simple 100-dma, which is currently at 20.13. Since the moving average is a moving target we're using the 20.50-20.00 range as our exit/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: - 1.37
Earnings Date 02/01/06 (confirmed)
Average Daily Volume: 506 thousand

---

N.Y.Times - NYT - close: 25.41 change: +0.11 stop: 25.85 *new*

NYT is still trading sideways and we remain very wary. We're not suggesting new positions and more conservative traders may want to exit early or tighten their stop loss even further. We are going to adjust our stop loss to $25.85. 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: - 0.14
Earnings Date 04/13/06 (confirmed)
Average Daily Volume: 1.1 million

---

Tribune Co. - TRB - close: 27.18 change: -0.13 stop: 29.36*new*

TRB continues to show relative weakness and the stock hit a new seven-year low today. We are lowering our stop loss to breakeven at $29.36. More conservative traders may want to adjust their stop closer to the $28 level or even consider taking some profits right here. 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: - 2.18
Earnings Date 04/13/06 (confirmed)
Average Daily Volume: 1.6 million
 

Closed Long Plays

None
 

Closed Short Plays

Crown Castle Intl. - CCI - cls: 30.02 chg: +1.49 stop: 29.36

We have been stopped out at breakeven in CCI. Looks like we were not the only ones to see yesterday's bullish reversal. The rally continued into Thursday and CCI broke out from its narrow bearish channel. Volume on today's gain was pretty strong.

Picked on March 15 at $29.36
Change since picked: + 0.66
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume: 1.1 million
 

Premier Investor Play Update Archives