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Long Play Updates

Asta Funding - ASFI - close: 35.11 change: +0.91 stop: 33.95

The technical picture on ASFI is improving. Today's 2.66% gain and close over the $35.00 level certainly makes the stock look more attractive. Aggressive traders might want to consider new positions here over $35.00. We're going to stock to our plan with a trigger at $36.01.

Picked on June xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 08/08/06 (unconfirmed)
Average Daily Volume: 165 thousand

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A.S.V.Inc. - ASVI - close: 21.40 change: +1.04 stop: 19.45

The rebound from the $20 region and today's 5.1% gain is a big improvement for ASVI. The next obstacle for the bulls is resistance in the $21.80 region. More conservative traders might want to tighten their stops toward $20.00. We do not want to hold over the company's earnings report in late July.

Picked on June 18 at $21.20
Change since picked: + 0.20
Earnings Date 07/27/06 (unconfirmed)
Average Daily Volume: 463 thousand

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Archstone - ASN - close: 50.49 chg: +0.96 stop: 48.99

Today's 1.9% gain is a bullish breakout from ASN's sideways trading range. We see the move over $50.25 as a new entry point to buy the stock. Our target is the $53.85-54.00.

Picked on June 05 at $50.21
Change since picked: + 0.28
Earnings Date 07/26/06 (unconfirmed)
Average Daily Volume: 989 thousand

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Syneron Med. - ELOS - close: 21.42 change: +0.26 stop: 19.99

Our bullish play in ELOS is now open. The stock hit $21.55 intraday. Our trigger to buy the stock was at $21.51. The technical picture continues to look bullish for ELOS. Our target is the $23.85-24.00 range. However, be advised that we are worried about potential resistance at its falling 50-dma, currently at $23.45.

Picked on June 21 at $21.51
Change since picked: - 0.09
Earnings Date 08/03/06 (unconfirmed)
Average Daily Volume: 615 thousand

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Energy Transfer - ETP - close: 44.20 chg: +0.48 stop: 42.49*new*

The bounce in the oil sectors was pretty sharp today. ETP only added 1.09% but it looks like a new entry point to go long the stock. We are raising our stop loss to $42.49. Our target is the $47.50-48.00 range.

Picked on June 18 at $44.25
Change since picked: - 0.05
Earnings Date 07/10/06 (unconfirmed)
Average Daily Volume: 149 thousand

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Potlatch - PCH - close: 37.94 chg: +0.10 stop: 36.99

We do not see any changes from our previous updates on PCH. We're not suggesting new plays. Instead we're suggesting that readers try and exit near breakeven or close to the $39.00 level.

Picked on June 04 at $39.39
Change since picked: - 1.45
Earnings Date 07/17/06 (unconfirmed)
Average Daily Volume: 362 thousand

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Ryanair - RYAAY - close: 52.89 change: +0.68 stop: 50.95*new*

Airline stocks continued to rally sharply today. The XAL index added 2.6% and marked its sixth gain in a row. RYAAY is not showing quite as much strength. That's a warning sign for us that RYAAY didn't make much progress today. Our goal is the $53.90-54.00 range, where we expect RYAAY to have resistance at its trendline of lower highs. Please note that we're raising the stop loss to $50.95.

Picked on June 08 at $51.34
Change since picked: + 1.55
Earnings Date 07/31/06 (unconfirmed)
Average Daily Volume: 304 thousand

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Starbucks - SBUX - close: 36.42 chg: +0.59 stop: 34.98

Once again SBUX has rallied towards the $37.00 level and then began to fail. We are going to stick to our plan with a trigger to go long at $37.05. If triggered we'll target a rally into the $39.95-40.00 range.

Picked on June xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 08/02/06 (unconfirmed)
Average Daily Volume: 6.0 million

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Verizon Comm. - VZ - close: 32.87 change: +0.13 stop: 31.24

VZ tried to breakout over the $33.00 level and its 100-dma but failed. We suspect that the next move will be a dip into the $32.25-32.50 range. Look for a bounce above its 200-dma as a new bullish entry point. Our target is the $34.75-35.00 range.

Picked on June 18 at $32.54
Change since picked: + 0.33
Earnings Date 07/25/06 (unconfirmed)
Average Daily Volume: 9.8 million
 

Short Play Updates

Avid Tech. - AVID - close: 34.20 change: -0.25 stop: 38.05*new*

AVID continues to show relative weakness with another decline in spite of the market wide rally. We are lowering our stop to $38.05. More conservative traders may want to adjust their stop toward $37.00. The same section of traders may want to lock in some profits here. Our target is the $32.50 mark.

Picked on June 11 at $37.35
Change since picked: - 3.15
Earnings Date 08/03/06 (unconfirmed)
Average Daily Volume: 763 thousand

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Cntrl Vermont Pub.Srv - CV - cls: 16.65 chg: +0.54 stop: 17.65

CV's oversold bounce today (+3.3%) took a big chunk out of yesterday's decline. We'd wait for a move back under $16.50 before considering new plays. Our target is the $15.50 level.

Picked on June 18 at $17.02
Change since picked: - 0.37
Earnings Date 08/07/06 (unconfirmed)
Average Daily Volume: 46 thousand

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The Geo Group Inc. - GGI - cls: 33.81 chg: +0.59 stop: 35.05

GGI is still trying to bounce. We are not suggesting new short plays at this time. Our conservative target was the $32.25 level and our aggressive target is the $30.25 level.

Picked on June 11 at $34.14
Change since picked: - 0.33
Earnings Date 05/04/06 (confirmed)
Average Daily Volume: 135 thousand

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Juniper Networks - JNPR - close: 15.83 chg: -0.09 stop: 17.05

Lack of participation during today's market rally is a definite show of relative weakness in JNPR. We're suggesting shorts with JNPR under $16.00. More conservative traders may want to see a new relative low under $15.65 first. Our target is the $14.10-14.00 range. We do not want to hold over the mid July earnings report. The P&F chart looks very bearish with an $8.50 target.

Picked on June 19 at $15.89
Change since picked: - 0.06
Earnings Date 07/19/06 (unconfirmed)
Average Daily Volume: 13.8 million

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4 Kids Enter. - KDE - close: 15.60 change: +0.04 stop: 16.05

We remain bearish with KDE under $16.00 but we would probably hesitate to open new shorts with the market in bounce mode. Our target is the $12.60-12.50 range.

Picked on June 19 at $15.45
Change since picked: + 0.15
Earnings Date 08/09/06 (unconfirmed)
Average Daily Volume: 113 thousand

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Medtronic - MDT - close: 49.38 change: -0.37 stop: 51.01

The trading in MDT today looked very bearish. The stock produced a failed rally under its simple 10-dma this morning and shares fell through its 50-dma and the $49.50 mark. Our trigger to short the stock was at $49.49. Our target is the $45.50-45.00 range. We do not want to hold over the August earnings report.

Picked on June 21 at $49.49
Change since picked: - 0.11
Earnings Date 08/22/06 (unconfirmed)
Average Daily Volume: 10.8 million

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Middlesex Water - MSEX - close: 17.38 change: +0.88 stop: 17.75

Whoa! MSEX produced a pretty strong oversold bounce today (+5.3%) and the stock traded back above old support (and what was supposed to be new resistance) at the $17.00 level. More conservative traders may want to adjust their stop loss toward the $17.50 level. Our target is the $15.15-15.00 range. The P&F chart points to a $12.00 target.

Picked on June 20 at $16.90
Change since picked: + 0.48
Earnings Date 05/08/06 (confirmed)
Average Daily Volume: 28 thousand

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NitroMed - NTMD - close: 5.02 change: -0.14 stop: 5.71

Wednesday saw no follow through on Tuesday's big bounce in NTMD. The stock lost 2.7% but volume was pretty low. If you look at the daily chart you'll see that the MACD is nearing a new sell signal. Our target is the $3.70-3.60 range.

Picked on June 18 at $ 5.07
Change since picked: - 0.05
Earnings Date 07/31/06 (unconfirmed)
Average Daily Volume: 710 thousand

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Blue Nile - NILE - close: 30.31 chg: +0.49 stop: 31.01 *new*

We considered exiting early in NILE today but the rally appeared to be losing steam heading into the closing bell so we're not going to give up just yet. However, we're not suggesting new plays at this time. We are going to adjust our stop loss to $31.01.

Picked on June 08 at $29.45
Change since picked: + 0.86
Earnings Date 08/01/06 (unconfirmed)
Average Daily Volume: 212 thousand

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Redback Networks - RBAK - cls: 20.66 chg: +1.25 stop: 21.01

RBAK received some positive analyst comments today and this helped fuel the 6.4% bounce in the share price. The rally back above the $20.00 level and its 10-dma puts us in jeopardy of being stopped out. We're not suggesting new plays.

Picked on June 19 at $19.75
Change since picked: + 0.91
Earnings Date 07/19/06 (unconfirmed)
Average Daily Volume: 1.8 million

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Sun Hydraulics - SNHY - cls: 18.13 chg: +0.64 stop: 18.51

Uh-oh! In the first 60 seconds of trading this morning SNHY dipped to $17.40 before immediately bouncing higher. This is a problem because our trigger to short the stock was at $17.45. We are not suggesting new plays at this time and if there is any market follow through tomorrow then odds are good we'll be stopped out at $18.51.

Picked on June xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 08/08/06 (unconfirmed)
Average Daily Volume: 89 thousand

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Tellabs - TLAB - close: 14.41 change: +0.08 stop: 15.01

There was more talk today about TLAB being a take over target by Motorola. Surprisingly the rumors did not push shares of TLAB past resistance in the $14.80 region. We are not suggesting new shorts and the takeover rumors significantly raises the risk level for being short this stock. Our target is the $12.50 mark just above the simple 200-dma. We do not want to hold over the company's July earnings report.

Picked on June 18 at $14.32
Change since picked: + 0.09
Earnings Date 07/25/06 (unconfirmed)
Average Daily Volume: 5.9 million
 

Closed Long Plays

None
 

Closed Short Plays

None
 

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