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Long Play Updates

Bldg Materials - BMHC - close: 37.11 chg: -0.40 stop: 34.99

We do not see any change from our weekend update for BMHC. Readers can watch for a dip to and a bounce from the $36.00 level or a move back above the $38.00 level as a new entry point to buy the stock. However, we would be very cautious about initiating new positions if the major averages continue to be weak. Our target is the $44.00-45.00 range but we'll exit early on April 24th to avoid holding over the earnings report.

Picked on April 06 at $38.29
Change since picked: - 1.18
Earnings Date 04/25/06 (unconfirmed)
Average Daily Volume: 869 thousand

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Digital Realty - DLR - close: 28.21 chg: -0.30 stop: 26.90

The technical indicators on DLR are starting to weaken. Odds are growing that DLR will dip toward support at $27.50 or $27.00. We would not suggest new bullish positions at this time. 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: + 0.17
Earnings Date 05/06/06 (unconfirmed)
Average Daily Volume: 180 thousand

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Liberty Global - LBTYA - close: 20.64 chg: -0.28 stop: 19.95

LBTYA's rally is fading and as we warned over the weekend the stock looks headed for support. The question is will LBTYA find support at the 10-dma near $20.45 or will it sink to the 50-dma near $20.11? We would not suggest new bullish positions at this time. Wait for the dip first before considering new positions. Our target is the $21.95-22.25 range.

Picked on April 02 at $20.47
Change since picked: + 0.45
Earnings Date 05/08/06 (unconfirmed)
Average Daily Volume: 1.7 million

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LoJack Corp. - LOJN - close: 23.72 chg: -0.00 stop: 21.59

There is no change from our weekend update for LOJN. LOJN continues to consolidate sideways. The stock seems stuck between resistance at the 100-dma and support at the 50-dma. Traders have a choice. You can look for a bounce near the 50-dma (23.25) or look for a breakout over the 100-dma (24.25) as the next bullish entry point. However, we would suggest caution over starting new long positions with the major market indices looking poised for more selling. 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: + 0.10
Earnings Date 05/03/06 (unconfirmed)
Average Daily Volume: 262 thousand

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Nordson Corp. - NDSN - close: 48.87 chg: -0.31 stop: 47.45

We alerted readers to watch for a dip toward the $48.50 level over the weekend and the stock provided just such a dip today. Shares were on the rebound this afternoon and we see today's pull back as a new bullish entry point to go long the stock. More conservative traders might want to consider tightening their stops toward $48.00. 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: - 0.38
Earnings Date 05/29/06 (unconfirmed)
Average Daily Volume: 161 thousand

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Oil States Intl. - OIS - close: 39.01 chg: +0.17 stop: 35.75

Another strong rise for crude oil sparked a rally in the oil sector today but shares of OIS failed to really participate. The stock appears to be struggling with the $40.00 mark, which is acting as round-number resistance. More conservative traders may want to consider taking some profits right here. We would not suggest new positions at this time. Our target is the $41.00-42.00 range. We do not want to hold over the early May earnings report.

Picked on March 29 at $36.05
Change since picked: + 2.96
Earnings Date 05/04/06 (confirmed)
Average Daily Volume: 777 thousand

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QuickLogic - QUIK - close: 6.45 chg: +0.16 stop: 5.45

QUIK continues to show relative strength. The stock added 2.5% versus the SOX index, which closed in the red. More conservative traders may want to lock in some profits now with the stock up more than 12.3% from our picked price. Our target is the $6.95-7.25 range.

Picked on April 02 at $ 5.74
Change since picked: + 0.71
Earnings Date 02/01/06 (confirmed)
Average Daily Volume: 242 thousand

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Trident Micro. - TRID - 29.65 chg: -0.36 stop: 27.90 *new*

The semiconductor sector was weak today after a handful of stocks were downgraded this morning. TRID produced a morning rally but it failed midday under the $30.50 level. The technical picture for TRID is not looking very bullish at the moment. We're going to raise our stop loss to $27.90. More aggressive traders may want to leave their stop under the 50-dma (27.75). We are not suggesting new bullish positions at this time. 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: - 0.85
Earnings Date 04/19/06 (unconfirmed)
Average Daily Volume: 1.6 million
 

Short Play Updates

N.Y.Times - NYT - close: 25.13 change: +0.21 stop: 25.85

NYT produced a bit of an oversold bounce this morning. This is not the sort of follow through we want to see after Friday's bearish engulfing candlestick pattern. Overall the pattern remains very bearish but we're not suggesting new positions. 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: - 0.42
Earnings Date 04/13/06 (confirmed)
Average Daily Volume: 1.1 million

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SAFECO - SAFC - close: 49.60 change: -0.24 stop: 52.01

So far so good but the intraday bounce off today's lows is a warning. We need to be expecting a potential oversold bounce back to the $50.00-51.00 region. The $51.00 level, now broken support, should act as new resistance. We do not see any changes from our weekend play description. Our target is the $45.50-45.00 range. We do not want to hold over the May 2nd earnings report.

Picked on April 09 at $ 49.84
Change since picked: - 0.24
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume = 755 thousand
 

Closed Long Plays

Denbury Res. - DNR - close: 33.25 change: +0.71 stop: 29.95

Target achieved. Rising geo-political tensions with Iran pushed crude oil futures to over $69 a barrel on Monday. This fueled a rally in the oil stocks and DNR hit $33.59 intraday. Our target was the $33.50-34.00 range.

Picked on March 26 at $30.47
Change since picked: + 2.78
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume: 783 thousand
 

Closed Short Plays

None
 

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