We've got a lot of action on the PremierInvestor newsletter tonight. There are several new stop losses, a couple of closed plays, and one target was hit.


BULLISH Play Updates

Apartment Investment & Mgmt - AIV - cls: 15.68 chg: -0.28 stop: 13.95 *new*

AIV is struggling a bit with resistance near $16.00, which isn't a surprise. Look for short-term support near $15.00. I am raising our stop loss to $13.95.

Our first target to take profits is at $16.50. Our second target is $18.50 but we may not have time. The plan is to exit ahead of the October 30th earnings report.

Entry on   October 07 at $14.72 /gap open higher
                            /originally listed at $14.52
Change since picked:     + 0.96   			
Earnings Date          10/30/09 (confirmed)    
Average Daily Volume:       3.6 million 
Listed on   October 07, 2009    


Airgas Inc. - ARG - close: 50.51 change: +0.86 stop: 46.90 *new*

ARG is showing some relative strength and broke out over round-number resistance at $50.00. I am raising our stop loss to $46.90.

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:     + 3.26  			
Earnings Date          10/29/09 (confirmed)    
Average Daily Volume:       1.5 million 
Listed on September 19, 2009    


BE Aerospace - BEAV - close: 21.13 change: -0.01 stop: 19.25 *new*

BEAV is holding on to its gains and looks poised to move higher although I wouldn't suggest new positions at this time. Please note our new stop at $19.25. Our target is $22.25.

Entry on September 12 at $19.19 
Change since picked:     + 1.94   			
Earnings Date          10/27/09 (confirmed)    
Average Daily Volume:       834 thousand
Listed on September 12, 2009    


Sotheby's - BID - close: 18.86 change: -0.52 stop: 16.80

BID bounced like we thought it would. I would still buy dips near $18.00.

I would use small positions (about 1/2 to 1/4 your normal trade size) to limit risk. Our first target is $19.95 since the $20.00 mark could be round-number resistance. Our second target is $22.00. Currently the Point & Figure chart is bullish with a $30 target. We do not want to hold over the early November earnings report.

Entry on   October 13 at $18.21 
Change since picked:     + 0.65   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       861 thousand
Listed on   October 13, 2009    


Cracker Barrel - CBRL - close: 36.35 chg: -0.21 stop: 34.40 *new*

I don't like the way CBRL is performing. Shares are losing momentum quick. More conservative traders may want to exit early. I am raising our stop loss to $34.40. The $35.00 level should offer some support. Wait for a bounce from $35.00 before considering new bullish positions. Our first target is $39.75. The Point & Figure chart is forecasting a $57 target.

Entry on   October 10 at $36.00 
Change since picked:     + 0.35   			
Earnings Date          11/24/09 (unconfirmed)    
Average Daily Volume:       322 thousand
Listed on   October 10, 2009    


Check Point Software - CHKP - cls: 29.69 change: -0.27 stop: 27.90 *new*

CHKP breached the $30 level yesterday but failed to close above it and today bounced from its 10-dma. The stock can't decide which direction it wants to go but the short-term trend is still up. I would expect a dip back toward $29.00-28.50. I'm raising our stop loss to $27.90. Our first target is $32.50.

Entry on   October 06 at $29.19 
Change since picked:     + 0.50   			
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       2.4 million 
Listed on   October 06, 2009    


Capstone Turbine - CPST - close: 1.41 change: +0.00 stop: 1.24 *new*

CPST hasn't moved much but the overall trend remains bullish. I'd still consider new positions now but readers may want to wait for a move over $1.45. I'm raising our stop loss to $1.24. Our first target is $1.75. We don't want to hold over the November earnings report. FYI: The Point & Figure chart is bullish with a $2.75 target.

Entry on   October 10 at $ 1.40 
Change since picked:     + 0.01   			
Earnings Date          11/09/09 (unconfirmed)    
Average Daily Volume:       3.7 million 
Listed on   October 10, 2009    


Carpenter Tech. - CRS - close: 24.62 change: -0.06 stop: 21.90

CRS acts like it wants to move higher but shares need to break out above the $25.00 level. I'm not suggesting new positions at this time.

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:     + 3.17
                             /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: 15.43 change: -0.20 stop: 14.75

IBM reported earnings after the bell tonight and investors were unhappy with the results. That doesn't bode well for DELL tomorrow. Shares briefly dipped under their 50-dma today but managed to pare their losses. More conservative traders might want to raise their stops to today's low (15.22). I am not suggesting new positions at this time.

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:     - 0.08   			
Earnings Date          11/19/09 (unconfirmed)    
Average Daily Volume:      25.6 million 
Listed on   October 06, 2009    


F5 Networks - FFIV - close: 43.58 change: -0.36 stop: 39.75 *new*

FFIV came close to hitting our target yesterday. Shares look overbought and shares remain overbought in spite of today's mild pull back. I'm not suggesting new positions at these levels. I am raising our stop loss to $39.75. Our first target to take profits is at $44.50. I'd like to aim higher but we may not have time. Earnings are in a couple of weeks.

Entry on   October 07 at $40.63 
Change since picked:     + 2.95   			
Earnings Date          10/21/09 (confirmed)    
Average Daily Volume:       1.2 million 
Listed on   October 07, 2009    


Gold Fields Ltd - GFI - close: 14.53 change: -0.39 stop: 12.99

A bounce in the dollar sparked some profit taking in gold and the gold miners tripped lower. Look for support near $14.00.

Our first target is $15.75. Our second target is $19.75 but that may be a little optimistic given our time frame. We plan to exit ahead of the late October earnings report. The Point & Figure chart is very bullish with a $21 target.

Entry on September 30 at $13.78 
Change since picked:     + 0.75   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       7.7 million 
Listed on September 30, 2009    


Starwood Hotels - HOT - close: 34.66 change: -0.62 stop: 29.90

HOT hit our first target on yesterday's spike to a new high. Shares look overbought and need to correct. I'm not suggesting new positions at this time. Our plan was to use small position sizes to limit our risk.

The stock has already hit our first target at $34.75. Our second target is $39.00 but we'll plan to exit ahead of the late October earnings report. FYI: HOT has above average short interest (more than 15% of the float).

Entry on   October 01 at $31.00
Change since picked:     + 3.66   
                             /1st target hit @ 34.75 (+12%)
Earnings Date          10/27/09 (unconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 19, 2009    


Microsoft - MSFT - close: 26.71 change: +0.75 stop: 24.40

MSFT broke out to new 52-week highs today. Shares are within striking distance of our target at $27.75. I'm not suggesting new positions at this time. MSFT reports earnings on October 23rd and we plan to exit ahead of the report.

Entry on      July 27 at $23.00
Change since picked:     + 3.71   			
Earnings Date          10/23/09 (confirmed)    
Average Daily Volume:        58 million 
Listed on  July 23, 2009    


NII Holdings - NIHD - close: 31.83 change: +0.82 stop: 28.45 *new*

NIHD has broken out past resistance at its September highs. I am raising our stop loss to $28.45. The plan was to use small position sizes (1/2 to 1/4 normal size) to limit risk. Our first target is $33.75. FYI: The P&F chart is very bullish with a $57 target.

Entry on   October 08 at $30.60
Change since picked:     + 1.23   			
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:       3.4 million 
Listed on September 23, 2009    


Petrobras - PBR - close: 50.53 change: +0.67 stop: 43.70

Oil stocks have been showing relative strength. PBR managed to break through and close above round-number resistance at $50.00. Unfortunately the stock continues to look short-term overbought and due for a pull back. I'm not suggesting new positions at this time.

Our first target is $52.50. Our second target is $59.00. The P&F chart is bullish with a $63 target.

Entry on   October 08 at $46.80
Change since picked:     + 3.73   			
Earnings Date          11/13/09 (unconfirmed)    
Average Daily Volume:      12.8 million 
Listed on   October 07, 2009    


Patriot Coal - PCX - close: 14.00 change: +0.67 stop: 10.90 *new*

Target achieved. PCX have now rallied to resistance near $14.00 and its September hgihs. This would be a logical spot to look for some profit taking. I am raising our stop loss to $10.90. The stock hit our first target at $13.90. I've optimistically set a secondary target at $16.75 but the plan is to exit ahead of the late October earnings report.

chart:

Entry on   October 05 at $12.14 /gap open higher
                            /originally listed at $11.78
Change since picked:     + 1.86   	
                          /1st target hit @ 13.90 (+14.5%)
Earnings Date          10/28/09 (unconfirmed)    
Average Daily Volume:       6.4 million 
Listed on   October 05, 2009    


Pride Intl. Inc. - PDE - close: 31.88 change: +0.92 stop: 29.49

PDE has produced a bullish reversal move today. All we need now is some follow through to confirm the move. I would consider new positions on this bounce but you may want to raise your stop toward $30.00.

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

Entry on   October 08 at $31.15
Change since picked:     + 0.73   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       3.7 million 
Listed on September 12, 2009    


Playboy Ent. - PLA - close: 3.68 change: -0.02 stop: 2.95

PLA was very short-term overbought and needed to pull back. While shares bounced back from their intraday lows I still expect a deeper pull back.

I would seriously consider an exit right here! I'm not suggesting new positions at this time. If our stop at $2.95 isn't tight enough for you then consider one near $3.20.

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

Entry on September 01 at $ 2.65
Change since picked:     + 1.03 
                            /take profits 09/16/09 (+17.7%)
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       370 thousand
Listed on  August 29, 2009    


Market Vectors: Steel - SLX - close: 58.98 change: +0.70 stop: 53.75 *new*

Whoa! The breakout in steel stocks has been strong. The SLX is at new 2009 highs. Shares almost hit our second target at $59.50 today. More conservative traders may want to exit now anyway. I'm not suggesting new positions. Please note our new stop at $53.75.

Entry on   October 01 at $50.25 *triggered
Change since picked:     + 8.73   			
                            /1st target hit @ 54.75 (+8.9%)
Earnings Date          00/00/00 
Average Daily Volume:       309 thousand
Listed on September 19, 2009    


Stryker Corp. - SYK - close: 46.15 change: +0.23 stop: 44.40 *new*

SYK is slowly inching higher and managed to close over the $46.00 level but I remain cautious here. I'm raising our stop loss to $44.40. I'm not suggesting new positions.

Our first target is $47.75.

Entry on   October 06 at $44.54 *new entry 
Change since picked:     + 1.61  			
Earnings Date          10/20/09 (confirmed)    
Average Daily Volume:       3.2 million 
Listed on   October 03, 2009    


Tractor Supply Co. - TSCO - close: 52.45 change: +0.25 stop: 48.90

Time is running out with earnings expected on October 21st. More conservative traders may want to exit early. I'm not suggesting new positions at this time. Odds are good that TSCO will fill the gap. I would exit the majority of our position at $54.40 (1st target). We need to exit ahead of the October 21st earnings report. FYI: The Point & Figure chart is very bullish with a $72 target.

Entry on   October 06 at $50.56 
Change since picked:     + 1.89   			
Earnings Date          10/21/09 (confirmed)    
Average Daily Volume:       384 thousand
Listed on   October 06, 2009    


VisionChina Media - VISN - close: 9.41 change: +0.74 stop: 7.45

VISN showed some relative strength with an 8.5% rally and a new closing high for 2009. I'm not suggesting new positions at these levels. This is a very aggressive trade and we want to keep our positions small.

Our first target is $10.90. Our second target is $13.75. The Point & Figure chart is bullish with a $15.00 target. My time frame is several weeks (maybe year end).

Entry on   October 07 at $ 8.53 
Change since picked:     + 0.88   			
Earnings Date          10/29/09 (unconfirmed)    
Average Daily Volume:       407 thousand
Listed on   October 07, 2009    


BEARISH Play Updates

*We currently do not have any bearish play updates*


CLOSED BULLISH PLAYS

AZZ Inc. - AZZ - close: 39.71 change: -0.32 stop: 37.85

I'm dropping AZZ for non-performance. The market is hitting new highs this week and AZZ is still floundering around the $40 level.

chart:

Entry on   October 07 at $40.08 /gap open higher
                             /originally listed at $39.73
Change since picked:     - 0.37 /early exit (-0.9%)
Earnings Date          01/07/09 (unconfirmed)    
Average Daily Volume:       120 thousand
Listed on   October 07, 2009    


General Electric - GE - close: 16.79 change: -0.05 stop: 15.49

The trend is up and traders bought the dip at $16.50 today. Unfortunately we're out of time. The plan was to exit tonight at the closing bell to avoid holding over GE's earnings report tomorrow morning. Wall Street is looking for a profit of 20 cents a share.

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

chart:

Entry on September 14 at $15.49 /gap higher entry
                             /originally listed at $15.35
Change since picked:     + 1.30 /exit ahead of earnings @ 16.79 (+8.3%)
                            /1st target hit @ 17.25 (+11.3%)
Earnings Date          10/16/09 (confirmed)    
Average Daily Volume:        83 million 
Listed on September 14, 2009