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Long Play Updates

Digital Realty - DLR - close: 29.29 chg: +0.06 stop: 26.90

Volume in DLR came above average for the second day in a row but the stock's upward momentum stalled. We don't see any changes from our previous updates although more conservative traders might want to consider a stop loss closer to the $28 level. 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: + 1.25
Earnings Date 05/06/06 (unconfirmed)
Average Daily Volume: 180 thousand

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Liberty Global - LBTYA - close: 20.86 chg: +0.01 stop: 19.95

The consolidation in LBTYA seems to be narrowing. Normally when that happens it can be a signal that a breakout is coming soon. Unfortunately, the breakout could be either direction but our bias remains bullish. Despite this consolidation we hesitate to suggest new positions right here although traders might want to consider new bullish positions now with a tighter stop loss near $20.50. Alternatively, wait for a breakout over the 100-dma or Monday's high near $21.35 and adjust your target higher towards the $24.00-25.00 range. We do not want to hold the position over the early May earnings report. Our target is currently $21.95.

Picked on April 02 at $20.47
Change since picked: + 0.39
Earnings Date 05/08/06 (unconfirmed)
Average Daily Volume: 1.7 million

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Nordson Corp. - NDSN - close: 52.53 chg: +0.93 stop: 47.75

So far so good. Yesterday's bullish breakout may have sparked a short squeeze and that's what could be driving today's 1.8% gain on above average volume. 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: + 3.28
Earnings Date 05/29/06 (unconfirmed)
Average Daily Volume: 161 thousand

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PW Eagle - PWEI - close: 30.34 chg: -0.16 stop: 26.45

PWEI didn't make much headway today and the short-term technical oscillators are starting to falter. The stock may need to digest more of its gains so we'd look for a dip toward the $28.00-28.50 region before considering new positions. Our target is the $33.50-34.00 range. We do not want to hold over the mid-May earnings report.

Picked on April 16 at $28.92
Change since picked: + 1.42
Earnings Date 05/17/06 (unconfirmed)
Average Daily Volume: 500 thousand

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QuickLogic - QUIK - close: 6.13 chg: +0.13 stop: 5.74

Strength in the SOX semiconductor index may have saved QUIK from another decline and hitting our stop loss. Shares of QUIK posted a 2.1% gain on below average volume but that failed to stop the MACD on the daily chart from producing a new sell signal. Traders might want to exit early or plan an early exit near $6.50. We're going to keep our target at the $6.95 level for now.

Picked on April 02 at $ 5.74
Change since picked: + 0.39
Earnings Date 04/26/06 (confirmed)
Average Daily Volume: 242 thousand

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Threshold Pharma. - THLD - close: 16.12 chg: -0.22 stop: 14.49

THLD is certainly not performing as we expected. Shares have shown relative weakness for the last two sessions. Overall the pattern remains bullish but traders might want to look for a dip to and bounce from the $15.50 region before considering new long positions. Our target is the $17.95-18.25 range only because we do not want to hold over the early May earnings report. Traders with a longer-term time frame may want to aim higher. Remember, that any time you trade a biotech/drug company there is always an increased risk of headline news. A failed test or clinical trial or FDA rejection could send the stock gapping lower. Or the opposite could happen and good news could send shares soaring.

Picked on April 16 at $16.06
Change since picked: + 0.06
Earnings Date 05/08/06 (unconfirmed)
Average Daily Volume: 384 thousand
 

Short Play Updates

Advance Auto Parts - AAP - close: 38.93 chg: -0.00 stop: 41.31

AAP didn't do much of anything today. The stock traded in a 38-cent range. Traders might want to consider AAP's lack of an oversold bounce as another sign of relative weakness. However, the stock is definitely short-term oversold and due for a bounce so be ready for another rebound toward the $40.00 level, which should be overhead resistance, which is now bolstered by its descending 10-dma. Another failed rally under $40 could be used as a new entry point. We are going to target a decline into the $36.00-35.50 range. We do not want to hold over the mid-May earnings report.

Picked on April 11 at $39.41
Change since picked: - 0.48
Earnings Date 05/17/06 (unconfirmed)
Average Daily Volume: 943 thousand

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Aeropostale - ARO - close: 30.68 chg: +0.31 stop: 29.05

The retail index turned lower today but ARO continued to bounce toward the top of its trading range. More aggressive traders might want to consider shorts on a failed rally under $31.50. We remain on the sidelines and we may never be triggered if the market's continue higher. Currently we're trying to catch a breakdown with a trigger to short the stock at $27.69. However, traders might want to consider bullish positions if ARO can trade over $32.00.

Picked on April xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 03/09/06 (confirmed)
Average Daily Volume: 1.0 million

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Entercom - ETM - close: 26.59 chg: -0.06 stop: 28.01 *new*

ETM's oversold bounce this morning failed near the $27.00 level. That's good news for the bears. We still don't see any headlines explaining what happened yesterday to cause the sell-off. Broken support at $27.50 should now act as resistance. Our target is the $25.50-25.25 range. Please note that our new stop is $28.01.

Picked on April 18 at $26.80 *gap down*
Change since picked: - 0.21
Earnings Date 05/08/06 (confirmed)
Average Daily Volume: 346 thousand
 

Closed Long Plays

Oil States Intl. - OIS - close: 41.30 chg: +1.18 stop: 36.85

Target achieved. Crude oil futures hit new all-time highs over $72.00 a barrel and this helped spur OIS to a 2.9% gain and a breakout over resistance at the $40.00 mark. Our target has been the $41.00-42.00 range.

Picked on March 29 at $36.05
Change since picked: + 5.25
Earnings Date 05/04/06 (confirmed)
Average Daily Volume: 777 thousand
 

Closed Short Plays

Modine Mfg. - MOD - close: 29.56 chg: +0.67 stop: 29.05

The rebound continued in shares of MOD on Wednesday and we have been stopped out at $29.05. Traders may want to keep an eye on the stock to see if MOD can push past resistance near $30.00, which is now strengthened by its descending 100-dma.

Picked on April 11 at $27.73
Change since picked: + 1.83
Earnings Date 05/03/06 (unconfirmed)
Average Daily Volume: 230 thousand

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Newport Corp. - NEWP - close: 18.19 chg: +0.13 stop: 18.55

We are running out of time with NEWP. The stock has still not hit our trigger to short it at $17.45 and NEWP is due to report earnings next Wednesday. We do not want to hold over the earnings announcement. Therefore we're choosing to drop NEWP as a bearish candidate at least for now.

Picked on April xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/26/06 (confirmed)
Average Daily Volume: 436 thousand


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SAFECO - SAFC - close: 50.93 change: +0.79 stop: 51.05

We have been stopped out at $51.05. Yesterday we warned readers that SAFC had produced a bullish reversal yet we did not expect the gap higher this morning or the spike toward $52.00 on big volume. We cannot find the news or catalyst to explain today's show of strength unless it's a reaction to another insurance company's earnings report.

Picked on April 09 at $ 49.84
Change since picked: + 1.09
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume = 755 thousand
 

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