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Play Updates

Updates On Latest Picks

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Long Play Updates

Diamonds - DIA - close: 95.03 change: +11.28 stop: 88.90

So now what? The markets post one of the best days in history. Where do we choose an entry point? Over the weekend we listed a few plays on the possibility of further declines. Now we're faced with a runaway short covering rally. We would not chase the move right here, today. It does now look like a bottom, at least for now, in the market and we'd rather buy dips that buy rallies. At the moment we're going to suggest that readers buy dips in the 91.00-90.00 zone with a stop loss at $88.90. However, we would not commit a lot of money to this trade. Keep your position size small. If triggered at $91.00 our target will be 99.00.

Picked on October xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 00/00/00
Average Daily Volume: 27 million

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Ultra Dow30 Proshares - DDM - close: 39.79 chg: +5.79 stop: varies

If the DJIA had a great day then the DDM had a stellar one. This ultra long on the DJIA rallied more than 17%. We are changing our entry and exit points. We're now suggesting readers buy a dip. If the DJIA hits 9,100, buy the DDM with a 10% stop loss. If triggered our first target is a 20% gain. Our secondary target is a 30% gain (in the DDM).

Picked on October xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 10/30/08 (unconfirmed)
Average Daily Volume: 4.7 million

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S&P SPDRS - SPY - close: 101.35 change: +12.85 stop: 92.90

We're altering our strategy on the SPY as well. Now we want to buy a dip into the $96.00-95.00 zone with a stop loss at $92.90. If triggered our target is $105.00.

Picked on October xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 00/00/00
Average Daily Volume: 316 million

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Ultra S&P500 ProShares - SSO - close: 29.85 chg: +4.85 stop: varies

The Ultra long S&P 500 soared almost 20%. We are suggesting readers buy the SSO if the S&P 500 index dips back into the 965-950 zone with a stop loss 10% under our SSO entry price. If the S&P 500 index hits our trigger then our first target for the SSO is +20%. Our second target is a 30% gain.

Picked on October xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 00/00/00
Average Daily Volume: 20 million

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Terra Inds. - TRA - close: 24.36 change: +4.53 stop: 19.95

The widespread short-covering rally on Monday lifted TRA to a 22.8% gain. The stock broke out from its trading range and one of our entry points at $22.65. The play is now open. Our first target on TRA is $27.00. Our second target on TRA will be $33.50.

Picked on October 13 at $22.65 *triggered
Change since picked: + 1.71
Earnings Date 10/23/08 (unconfirmed)
Average Daily Volume: 5.7 million
 

Short Play Updates

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Closed Long Plays

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Closed Short Plays

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