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Long Play Updates

Aeropostale - ARO - close: 32.18 chg: +0.49 stop: 28.99

ARO continues to rally and shares added 1.5% on above average volume today. Tomorrow could see some volatility as many retailers, including ARO, plan to announce their April same-store sales data. More conservative traders may want to tighten their stop loss tonight. Our target is the $34.85-35.00 range.

Picked on May 01 at $31.65
Change since picked: + 0.53
Earnings Date 06/08/06 (unconfirmed)
Average Daily Volume: 1.0 million

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Liberty Global - LBTYA - close: 20.48 chg: -0.00 stop: 20.14

We are shocked to see that our play in LBTYA is still open. Shares dipped to $20.22 before bouncing back toward unchanged. We are not suggesting new positions with LBTYA under the simple 100-dma. Our plan is to exit this Friday at the closing bell to avoid holding over the earnings report on Monday.

Picked on April 02 at $20.47
Change since picked: + 0.01
Earnings Date 05/08/06 (unconfirmed)
Average Daily Volume: 1.7 million

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Phillips Van-Heusen - PVH - cls: 40.37 chg: -0.11 stop: 36.39

We were looking for a dip back toward $39.50 and PVH almost delivered today with a low at $39.69. Shares did rebound almost back to unchanged today. We are not suggesting new bullish positions at this time. Our target is the $42.00-42.50 range. PVH will present at the Lehman Brothers Retail seminar on May 3rd.

Picked on April 19 at $38.59
Change since picked: + 1.78
Earnings Date 06/19/06 (unconfirmed)
Average Daily Volume: 332 thousand
 

Short Play Updates

Blyth Inc. - BTH - close: 20.28 chg: -0.22 stop: 20.55

BTH is still showing relative weakness but remains above support at the $20.00 mark. Volume on today's session was pretty low. Overall the bearish pattern remains unchanged. We are suggesting a trigger to short BTH at 19.79, which is under the late March low. If triggered we will target a decline into the $18.25-18.00 range since the $18.00 level has been support in the past.

Picked on April xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 05/24/06 (unconfirmed)
Average Daily Volume: 185 thousand

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Digital River - DRIV - close: 45.46 chg: +0.95 stop: 46.11

Our aggressive short play in DRIV continues to look dangerous for the bears. The stock continued to bounce and added another 2% but volume came in below average on the move. A failed rally under $46.00 could be used as a new entry point but at this moment we're not suggesting new positions. We are targeting the $38.50-37.50 range.

Picked on April 30 at $43.54
Change since picked: + 1.92
Earnings Date 04/27/06 (confirmed)
Average Daily Volume: 1.1 million

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Entercom - ETM - close: 26.31 chg: +0.27 stop: 27.55

ETM is trying to bounce from the $26.00 level. More conservative traders may want to tighten their stop loss. We are not suggesting new positions. Our plan is to exit this Friday at the closing bell to avoid holding over the earnings report on Monday.

Picked on April 18 at $26.80 *gap down*
Change since picked: - 0.49
Earnings Date 05/08/06 (confirmed)
Average Daily Volume: 346 thousand

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KLA-Tencor - KLAC - close: 47.86 chg: +0.48 stop: 50.01

Semiconductor stock KLAC produced a bounce from the $47.00 region this morning but the rally failed to breakout over the $48.00 level, which is short-term resistance. Keep an eye on the SOX index, which just produced a new MACD sell signal today. Our target for KLAC is the $44.20-44.00 range. The P&F chart is bearish and points to a $37 target.

Picked on April 30 at $48.16
Change since picked: - 0.30
Earnings Date 04/27/06 (confirmed)
Average Daily Volume: 4.2 million

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Red Robin - RRGB - close: 44.97 chg: -0.13 stop: 46.51

RRGB spent most of the session churning in a narrow range. We don't see any changes from our previous updates. The failed rally from Monday looks like a new bearish entry point to short RRGB. More conservative traders might want to wait for some confirmation and look for a decline under $44.75 or $44.50 before initiating new positions. Our target is the $40.25-40.00 range. More aggressive traders may want to aim lower. We'll plan to exit ahead of the mid-May earnings report.

Picked on April 26 at $43.99
Change since picked: + 0.98
Earnings Date 05/17/06 (unconfirmed)
Average Daily Volume: 355 thousand

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SCS Transportation - SCST - cls: 25.61 chg: -0.39 stop: 28.55

Good news. SCST displayed relative weakness today. The stock lost 1.5% even though the transportation index closed higher in spite of rising oil prices. Today's decline is a breakdown below support at the $26.00 level and confirms the breakdown below the 100-dma. Our target is the $25.00-24.00 range.

Picked on April 23 at $27.45
Change since picked: - 1.84
Earnings Date 04/20/06 (confirmed)
Average Daily Volume: 166 thousand

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Tiffany & Co. - TIF - close: 34.06 chg: -0.28 stop: 36.25

Shares of TIF lost another 0.8%. The volume on Tuesday's session is noteworthy. TIF traded more than double the daily average volume, which is a bearish development for the stock. Our target is the $32.25-31.75 range.

Picked on April 25 at $35.11
Change since picked: - 1.05
Earnings Date 03/28/06 (confirmed)
Average Daily Volume: 1.3 million
 

Closed Long Plays

None
 

Closed Short Plays

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