Option Investor
Play Updates

Two New Stops, Two Closed Plays

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BULLISH Play Updates

Hansen Natural - HANS - close: 33.01 change: +0.93 stop: 29.95 *new*

The short-covering in HANS continues. The stock added 2.8% on Tuesday out performing the market. Readers may want to start thinking about taking some profits off the table right here. We're not suggesting new bullish positions at this time. Please note that we are adjusting the stop loss to $29.95.

We have two targets. Our first target is $34.90. We are going to list a secondary target at $37.50 but strongly suggest readers take most of their money off the table at $34.90. The Point & Figure chart looks very bullish (see below) with a $45 target.

Picked on December 16 at $30.25 *triggered       
Change since picked:     + 2.76   			
Earnings Date          02/26/09 (unconfirmed)    
Average Daily Volume:       1.8 million     


Hasbro Inc. - HAS - close: 28.99 change: +0.18 stop: 27.90 *new*

The sideways consolidation in HAS marked its fourth day today. The multi-week trend is up but momentum has definitely stalled. More conservative traders may want to abandon ship. We are upping our stop loss to $27.90. We have two targets. Our short-term target is $29.90. Our secondary target is $32.25. FYI: A move over $30.00 would produce a brand new P&F chart buy signal.

Picked on December 06 at $28.31 /gap higher entry
Change since picked:     + 0.68 /originally listed at $27.84
Earnings Date          02/09/09 (unconfirmed)    
Average Daily Volume:       2.6 million     


Henry Schein - HSIC - close: 35.51 change: +0.21 stop: 33.95

HSIC out performed the market with a 0.5% gain but shares definitely closed off its highs. The stock managed to break through resistance near $36.00 early this morning but couldn't hold it. I would not be surprised to see a dip back toward the 10-dma near $34.50 before HSIC continued higher. Our target is $39.00.

Picked on December 18 at $35.21 
Change since picked:     + 0.30   			
Earnings Date          02/25/09 (unconfirmed)    
Average Daily Volume:       1.2 million     


RadioShack - RSH - close: 12.11 change: +0.19 stop: 10.99

The bullish trend in RSH continues. The stock added almost 1.6% on Tuesday out performing the S&P 500. We are not suggesting new bullish positions at this time. RSH has already hit our first target. Our second target is $13.75.

Picked on December 13 at $11.15 
Change since picked:     + 0.96   			
Earnings Date          02/12/09 (unconfirmed)    
Average Daily Volume:       4.3 million     


Shaw Group Inc. - SGR - close: 19.38 change: +0.27 stop: 17.95

SGR delivered a little bit of an oversold bounce (+1.4%) after yesterday's painful pull back. Wait for a new move over $20.00 before considering bullish positions again. More conservative traders may want to raise their stops toward $18.50ish.

We have two targets. Our first target is $24.00. Our secondary target is $27.00 but we suggest readers take off most of their positions at $24.00.

Picked on December 16 at $19.54 /gap down entry
Change since picked:     - 0.16 /originally listed at $19.74
Earnings Date          01/07/09 (unconfirmed)    
Average Daily Volume:       3.6 million     


Total System Services - TSS - close: 13.83 change: +0.05 stop: 13.49

The early morning rally in TSS quickly faded and shares spent the day drifting lower. We are still waiting on a bullish breakout over resistance. We're suggesting a trigger to buy the stock at $14.40. More conservative traders may want to use a trigger above $14.50 instead.

We're listing two targets. Our first target is $15.95. Our second target is $17.45.

Picked on December xx at $xx.xx <-- see TRIGGER  
Change since picked:     + 0.00   			
Earnings Date          01/22/09 (unconfirmed)    
Average Daily Volume:       1.1 million   


BEARISH Play Updates

*We currently do not have any bearish play updates*


CLOSED BULLISH PLAYS

QUALCOMM - QCOM - close: 34.18 change: -0.63 stop: 33.75

We are pulling the plug on the QCOM play. The stock looked poised for rapid gains as of Friday but they have failed to materialize. Instead the stock is drifting sideways with a bearish pattern of lower highs. We are cutting our losses now and will wait for the next entry point.

chart:
QCOM

Picked on December 20 at $35.03 /exiting early 
Change since picked:     - 0.85   			
Earnings Date          01/28/09 (unconfirmed)    
Average Daily Volume:        22 million     


Student Loan Corp. - STU - close: 34.78 change: -1.49 stop: 34.95

Our aggressive bet on STU did not pan out. The stock lost another 4% on top of Monday's 11% decline. Shares broke round-number support at $35.00 and hit our stop loss at $34.95. STU actually gapped open higher at $37.13 this morning and then turned lower. The recent move over resistance at $40.00 now looks like a bull trap. The recent (and relatively new) buy signal on the Point & Figure chart is now close to revering into a new sell signal.

chart:
STU

Picked on December 20 at $40.74 
Change since picked:     - 4.47   			
Earnings Date          01/12/09 (unconfirmed)    
Average Daily Volume:        44 thousand    


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