Investors big and small are still buying the dip.


BULLISH Play Updates

Airgas Inc. - ARG - close: 48.01 change: -0.14 stop: 45.85

I would still consider new positions in ARG but readers may want to wait for a little relative high above $48.60 to initiate positions.

Our first target is $52.45. Our second target is $54.85. More aggressive traders could aim higher. The Point & Figure chart is bullish and predicting a $77 target.

Entry on September 25 at $47.25
Change since picked:     + 0.76   			
Earnings Date          10/29/09 (confirmed)    
Average Daily Volume:       1.5 million 
Listed on September 19, 2009    


BE Aerospace - BEAV - close: 19.99 change: +0.78 stop: 17.90

BEAV is starting to show some strength with a 4% rally. The stock is now testing resistance at the $20.00 mark. Our first target is $22.25.

Entry on September 12 at $19.19 
Change since picked:     + 0.80   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       834 thousand
Listed on September 12, 2009    


Cullen Frost Bankers - CFR - close: 50.44 change: +0.03 stop: 48.90

CFR is still under performing its peers. More conservative traders may want to exit early now. I'm not suggesting new bullish positions at this time. Our first target is $53.00.

Entry on September 26 at $50.42 
Change since picked:     + 0.02   			
Earnings Date          10/21/09 (unconfirmed)    
Average Daily Volume:       419 thousand
Listed on September 26, 2009    


Check Point Software - CHKP - cls: 29.40 change: +0.21 stop: 27.35

CHKP continues to rise and shares closed at a new high. I would prefer to buy a dip in the $28.50-28.00 region but I'm suggesting bullish positions now. Our first target is $32.50.

Entry on   October 06 at $29.19 
Change since picked:     + 0.21   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       2.4 million 
Listed on   October 06, 2009    


Carpenter Tech. - CRS - close: 23.83 change: +0.09 stop: 21.90 *new*

This looks like a new entry point to buy CRS. Consider jumping in now with our new stop loss at $21.90.

CRS has already hit our first target. Our secondary target is $27.40.

Entry on September 05 at $21.45 /gap higher entry
                             /originally listed at $20.92
Change since picked:     + 2.38
                             /1st target hit @ 24.90 (+16.0%)
Earnings Date          10/28/09 (unconfirmed)    
Average Daily Volume:       536 thousand
Listed on September 05, 2009    


DELL Inc. - DELL - close: 15.36 change: -0.15 stop: 14.75

DELL under performed the NASDAQ with a 0.9% loss. Yet the stock is holding its up trend and technical support at the 50-dma. Readers can use this dip as a new entry point.

Our first target to take profits is at $16.95. Our second target is $19.75. DELL doesn't move super fast so this play could take several weeks. We'll plan to exit ahead of the mid November earnings report.

Entry on   October 06 at $15.51 
Change since picked:     - 0.15   			
Earnings Date          11/19/09 (unconfirmed)    
Average Daily Volume:      25.6 million 
Listed on   October 06, 2009    


General Electric - GE - close: 16.16 change: +0.08 stop: 14.75

GE is still struggling with short-term resistance at its 10-dma. I'm not suggesting new positions at this time.

GE has already hit our first target. We're currently aiming for $18.50. I do consider this an aggressive trade so we want to keep our positions small.

Entry on September 14 at $15.49 /gap higher entry
                             /originally listed at $15.35
Change since picked:     + 0.67
                            /1st target hit @ 17.25 (+11.3%)
Earnings Date          10/16/09 (confirmed)    
Average Daily Volume:        83 million 
Listed on September 14, 2009    


Gold Fields Ltd - GFI - close: 14.93 change: +0.04 stop: 12.99

There wasn't much follow through after yesterday's big rally in gold or the gold miners. Yet neither was there any profit taking. If you're looking for an entry point consider using a dip near $14.00.

Our first target is $15.75. I'm adding a second target at $19.75. The Point & Figure chart is very bullish with a $21 target.

Entry on September 30 at $13.78 
Change since picked:     + 1.15   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       7.7 million 
Listed on September 30, 2009    


Starwood Hotels - HOT - close: 32.89 change: +0.20 stop: 28.95

HOT is still inching higher. Remember to use very small position sizes.

Our first target is $34.75. I am adjusting our second target to $39.00. FYI: HOT has above average short interest (more than 15% of the float).

Entry on   October 01 at $31.00
Change since picked:     + 1.89   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 19, 2009    


Microsoft - MSFT - close: 25.10 change: -0.01 stop: 23.70

It was a forgettable day for MSFT with shares churning sideways in a narrow range. I don't see any changes from my prior comments. Our target is $27.75.

Entry on      July 27 at $23.00
Change since picked:     + 2.10   			
Earnings Date          07/23/09 (confirmed)    
Average Daily Volume:        58 million 
Listed on  July 23, 2009    


NII Holdings - NIHD - close: 29.99 change: +0.95 stop: 27.60

NIHD displayed relative strength and tested resistance again near $30.50. The stock garnered some positive analyst comments this morning and a new price target at $46.00.

I am changing our entry point. The new plan is to open small position sizes (1/2 to 1/4 our normal size) with a trigger at $30.60. We'll use a stop loss under the October low at $27.60. Our first target is $33.75. FYI: The P&F chart is very bullish with a $57 target.

Entry on September xx at $xx.xx <-- TRIGGER @ 30.60 (was 26.75)
Change since picked:     + 0.00   			
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 23, 2009    


Patriot Coal - PCX - close: 12.32 change: +0.28 stop: 9.95

Coal stocks continue to look strong. PCX gained 2.3% o Wednesday. I would still consider new positions but readers may want to try and wait for a dip in the $11.50-11.00 zone before initiating positions.

I'm using a wide stop loss given PCX's recent volatility. Buy the stock now. We'll take profits at $13.90. We'll cautiously set a secondary target at $16.75 but the plan is to exit ahead of the late October earnings report.

Entry on   October 05 at $12.14 /gap open higher
                            /originally listed at $11.78
Change since picked:     + 0.18   			
Earnings Date          10/28/09 (unconfirmed)    
Average Daily Volume:       6.4 million 
Listed on   October 05, 2009    


Pride Intl. Inc. - PDE - close: 31.02 change: +0.63 stop: 28.25

PDE continues to show relative strength and is testing resistance at $31.00. Yesterday we raised our trigger to buy this stock to $31.15.

If triggered our first target is $34.75. We'll plan to exit ahead of the late October earnings report.

Entry on September xx at $xx.xx <-- see TRIGGER @ 31.15
Change since picked:     + 0.00   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       3.7 million 
Listed on September 12, 2009    


Playboy Ent. - PLA - close: 2.87 change: -0.01 stop: 2.69

Nothing has changed. PLA is still under performing. The stock tried to bounce and failed under the $3.00 level. I will repeat my comments from yesterday that more conservative traders may want to exit early or raise their stops. The stock should have strong support near $2.80 and its 40-dma and exponential 200-dma. I'm not suggesting new positions at this time.

Our second target remains the $3.95 level. FYI: The Point & Figure chart is bullish with a long-term $7.50 target.

Entry on September 01 at $ 2.65
Change since picked:     + 0.22 
                            /take profits 09/16/09 (+17.7%)
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       370 thousand
Listed on  August 29, 2009    


Pioneer Natural Res. - PXD - cls: 37.75 change: +0.26 stop: 33.40

I really hope we didn't miss the entry point today. Yesterday I raised our trigger to buy PXD to $36.50. This morning PXD dipped to $36.73 and rebounded back into positive territory. I'm going to keep our trigger at $36.50 for now. More aggressive traders may want to jump in on today's bounce.

If triggered our first target is $39.95. Our second target is $43.50. The Point & Figure chart is bullish with a $50 target.

Entry on September xx at $xx.xx <-- TRIGGER @ 36.50
Change since picked:     + 0.00   			
Earnings Date          11/04/09 (unconfirmed)    
Average Daily Volume:       2.1 million 
Listed on September 26, 2009    


Rockwell Automation - ROK - close: 41.26 change: -0.59 stop: 39.95

ROK is under performing with the bounce rolling over today. I'm going to give it one more session. If we don't see improvement tomorrow we'll exit early. Our first target is the $49.00 mark. Our time frame is several weeks.

Entry on September 10 at $43.71 /gap higher entry
                           /originally listed at $43.15
Change since picked:     - 2.45   			
Earnings Date          11/10/09 (unconfirmed)    
Average Daily Volume:       1.4 million 
Listed on September 10, 2009    


Market Vectors: Steel - SLX - close: 53.34 change: +0.49 stop: 47.49

The SLX looks poised to rally higher from here. Volume was pretty strong today.

Our first target is $54.75. Our second target is $59.50. Our time frame is several weeks.

Entry on   October 01 at $50.25 *triggered
Change since picked:     + 3.09   			
Earnings Date          00/00/00 
Average Daily Volume:       309 thousand
Listed on September 19, 2009    


Stryker Corp. - SYK - close: 44.61 change: -0.02 stop: 42.49

SYK gapped down but managed to rally twice from the $44.00 region. Readers may want to wait for a move over short-term resistance at $45.00 before launching bullish positions.

Our first target is $47.75.

Entry on   October 06 at $44.54 *new entry 
Change since picked:     + 0.07   			
Earnings Date          10/20/09 (confirmed)    
Average Daily Volume:       3.2 million 
Listed on   October 03, 2009    


Tractor Supply Co. - TSCO - close: 50.80 change: +0.24 stop: 47.40

I really expect TSCO to contract a bit and pull back toward the $49.50 region. Thus more patient traders may want to wait for that dip, which would offer a better entry point.

Our first target to take profits is at $54.75. Our second target is $57.45. FYI: The Point & Figure chart is very bullish with a $72 target.

Entry on   October 06 at $50.56 
Change since picked:     + 0.24   			
Earnings Date          10/21/09 (unconfirmed)    
Average Daily Volume:       384 thousand
Listed on   October 06, 2009    


BEARISH Play Updates

*We currently do not have any bearish play updates*