Editor's Note:
Stocks were in a bullish mood ahead of tomorrow's jobs report. The market delivered a widespread gain.

We did see MDSO get stopped out. AGCO was triggered.

Current Portfolio:


BULLISH Play Updates

AGCO Corp. - AGCO - close: 46.92 change: -0.60

Stop Loss: 45.95
Target(s): 52.50
Current Gain/Loss: - 0.4%

Entry on October 4 at $48.15
Listed on September 29, 2012
Time Frame: exit prior to the late October earnings
Average Daily Volume = 1.1 million
New Positions: see below

Comments:
10/04/12: AGCO has finally broken out past resistance at the $48.00 level. Unfortunately it failed to close above this level. Shares did hit our entry point at $48.15. The high today was $48.16. I would wait for a new relative high to launch positions now.

current Position: Long AGCO stock @ $48.15

- (or for more adventurous traders, try this option) -

Long NOV $50 call (AGCO1211k50) Entry $1.25

10/04/12 triggered @ 48.15



Bio-Reference Labs - BRLI - close: 32.42 change: +1.25

Stop Loss: 29.90
Target(s): 34.75
Current Gain/Loss: + 7.2%

Entry on October 03 at $30.25
Listed on October 2, 2012
Time Frame: 4 to 6 weeks
Average Daily Volume = 232 thousand
New Positions: see below

Comments:
10/04/12: BRLI continues to soar with shares adding +4.0% today. The stock is looking short-term overbought with its four-day rally. I would not be surprised to see a dip soon. Readers may want to take profits early. I am raising our stop loss to $29.90.

FYI: The Point & Figure chart for BRLI is bullish with a $49.50 target.

current Position: Long BRLI stock @ $30.25

10/04/12 new stop loss @ 29.90
10/03/12 new stop loss @ 29.25
10/03/12 triggered @ 30.25



Colfax Corp. - CFX - close: 37.15 change: +0.58

Stop Loss: 34.95
Target(s): 39.90
Current Gain/Loss: + 0.4%

Entry on October 01 at $37.00
Listed on September 29, 2012
Time Frame: 4 to 8 weeks
Average Daily Volume = 753 thousand
New Positions: see below

Comments:
10/04/12: CFX gapped open higher this morning and tagged a new all-time high at $37.47 intraday. Shares closed up +1.5% on the session. More conservative traders may want to raise their stops.

The plan was to keep our position size small to limit our risk. FYI: The Point & Figure chart for CFX is bullish with a long-term $59 target.

*Small Positions*

Suggested Position: Long CFX stock @ $37.00

10/01/12 triggered @ 37.00



Homeowners Choice, Inc. - HCII - close: 25.35 change: +0.84

Stop Loss: 22.90
Target(s): 27.75
Current Gain/Loss: + 5.2%

Entry on October 01 at $24.10
Listed on September 24, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 208 thousand
New Positions: see below

Comments:
10/04/12: So far so good with HCII. The stock outperformed the market with a +3.4% gain today. I am not suggesting new positions at current levels.

Earlier Comments:
HCII could see a short squeeze if it can breakout again. The most recent data listed short interest at 22% of the very small 8.0 million share float.

current Position: Long HCII stock @ $24.10

10/01/12 triggered @ 24.10



Sun Hydraulics Corp. - SNHY - close: 27.71 change: +0.45

Stop Loss: 25.95
Target(s): 31.00
Current Gain/Loss: + 0.2%

Entry on October 03 at $27.65
Listed on October 1, 2012
Time Frame: exit prior to earnings in November
Average Daily Volume = 54 thousand
New Positions: see below

Comments:
10/04/12: SNHY continues to drift higher and once again broke out past resistance near the $27.50 level. I would use today's rally as a new bullish entry point to launch positions.

Don't forget that we want to limit our position size to reduce our risk. SNHY could be volatile thanks to its lack of volume.

FYI: The Point & Figure chart for SNHY is bullish with a $38 target.

*Small Positions*

current Position: Long SNHY stock @ $27.65

10/03/12 triggered @ 27.65



BEARISH Play Updates

Centene Corp. - CNC - close: 36.60 change: -0.26

Stop Loss: 38.05
Target(s): 31.50
Current Gain/Loss: + 0.4%

Entry on September 20 at $36.75
Listed on September 19, 2012
Time Frame: exit prior to earnings on Oct. 23rd.
Average Daily Volume = 693 thousand
New Positions: see below

Comments:
10/04/12: CNC continues to churn sideways in the $36-38 zone. There is no change from my prior comments. I am not suggesting new positions. Readers may want to hit the eject button and exit early now.

current Position: short CNC stock @ $36.75

- (or for more adventurous traders, try this option) -

Long Oct $35 PUT (CNC1220v35) Entry $1.20

10/02/12 new stop loss @ 38.05



Con-way Inc. - CNW - close: 27.71 change: +0.09

Stop Loss: 29.05
Target(s): 25.05
Current Gain/Loss: + 2.6%

Entry on September 20 at $28.44
Listed on September 19, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 787 thousand
New Positions: see below

Comments:
10/04/12: Uh-oh! CNW was downgraded this morning and the stock gapped down on this news. Yet shares rebounded to close up in positive territory. That's not a good sign for the bears. Readers may want to exit early now or lower their stop loss toward $28.00.

I am not suggesting new positions at this time.

Our target is $25.05. More aggressive traders could aim lower. The Point & Figure chart for CNW is bearish with a $20 target.

current Position: short CNW stock @ $28.44 (gap down)

- (or for more adventurous traders, try this option) -

Long Oct $27.50 put (CNW1220v27.5) Entry $1.00*

09/25/12 new stop loss @ 29.05
09/20/12 new stop loss @ 29.55
09/20/12 entry on gap open lower at $28.44
*option entry price is an estimate since the option did not trade at the time our play was opened.



J.C.Penney Co. - JCP - close: 23.77 change: -0.12

Stop Loss: 25.05
Target(s): 20.25
Current Gain/Loss: - 0.8%

Entry on October 3 at $23.57
Listed on October 2, 2012
Time Frame: 3 to 6 weeks
Average Daily Volume = 8.9 million
New Positions: see below

Comments:
10/04/12: JCP is still churning sideways but the stock did underperform the market today. Readers may want to wait for a new drop under $23.50 before initiating positions.

Earlier Comments:
I consider this a somewhat aggressive, higher-risk trade. We want to limit our risk by keeping our position size small.

*Small Positions*

current Position: short JCP stock @ $23.57

- (or for more adventurous traders, try this option) -

Long Oct $23 PUT (JCP1220v23) entry $0.65



Matson, Inc. - MATX - close: 20.85 change: +0.29

Stop Loss: 21.05
Target(s): 16.50
Current Gain/Loss: unopened

Entry on October xx at $ xx.xx
Listed on October 1, 2012
Time Frame: 3 to 6 weeks
Average Daily Volume = 263 thousand
New Positions: Yes, see below

Comments:
10/04/12: The transportation sector was showing relative strength today and MATX added +1.4% but remained inside the $21-20 zone. We are waiting for a breakdown.

The Sept. 24th low was $19.96. I am suggesting a trigger to open bearish positions at $19.85. If triggered we will aim for $16.50.

Trigger @ 19.85

Suggested Position: short MATX stock @ (trigger)



Synaptics Inc. - SYNA - close: 23.87 change: +0.46

Stop Loss: 24.70
Target(s): 22.15
Current Gain/Loss: + 3.7%

Entry on September 26 at $24.79
Listed on September 25, 2012
Time Frame: 3 to 6 weeks
Average Daily Volume = 439 thousand
New Positions: see below

Comments:
10/04/12: Has SYNA found a bottom? Shares rallied off their morning lows and recovered a good chunk of yesterday's loss. If we see SYNA close above its simple 10-dma (currently at $24.26) I would consider an early exit. I am not suggesting new positions at this time.

Earlier Comments:
I do consider this a higher-risk, more aggressive trade because SYNA has already seen a big move down but today's break under support could signal another big leg down. We want to limit our risk and keep our position size small.

*Small Positions*

current Position: short SYNA stock @ $24.79

- (or for more adventurous traders, try this option) -

(exit on Oct 2nd, at the open)
Oct $25 PUT (SYNA1220v25) Entry $1.15 exit $1.65 (+43.4%)

10/02/12 planned exit to close our put option at the open
10/01/12 new stop loss @ 24.70, plan on exiting our October puts at the opening bell tomorrow
09/29/12 new stop loss @ 26.05, adjust exit target to $22.15



Titanium Metals - TIE - close: 12.37 change: -0.43

Stop Loss: 13.05
Target(s): 11.00
Current Gain/Loss: - 0.7%

Entry on October 4 at $12.41
Listed on October 3, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.5 million
New Positions: see below

Comments:
10/04/12: TIE gapped open higher at $12.41 and rallied to $12.61 before reversing. The stock failed at its 50-dma and 150-dma. I would still consider new bearish positions at current levels.

*Small Positions*

current Position: short TIE stock @ $12.41



Vistaprint N.V. - VPRT - close: 35.33 change: +0.61

Stop Loss: 36.15
Target(s): 30.25
Current Gain/Loss: - 2.1%

Entry on September 27 at $34.60
Listed on September 26, 2012
Time Frame: 3 to 5 weeks
Average Daily Volume = 572 thousand
New Positions: see below

Comments:
10/04/12: Readers may want to consider exiting our VPRT positions. The stock is not cooperating. Today's +1.7% gain and its close above the 10-dma and 100-dma is short-term bullish. The stock should have additional resistance at $36.00 and its 200-dma but there is no guarantee it will reverse there. I am not suggesting new positions at this time.

Earlier Comments:
Readers may want to consider using put options to limit their risk. I do consider a higher-risk trade because the most recent data listed short interest at 28.4% of the small 21.9 million share float. There is a risk of a short squeeze.

*Small Positions*

current Position: short VPRT stock @ $34.60

- (or for more adventurous traders, try this option) -

Long Oct $35 PUT (VPRT1220v35) Entry $2.00

10/04/12 VPRT is not working for us. Readers may want to exit early now.



CLOSED BULLISH PLAYS

Medidata Solutions - MDSO - close: 39.70 change: +0.03

Stop Loss: 38.95
Target(s): 44.75
Current Gain/Loss: - 4.4%

Entry on September 28 at $40.75
Listed on September 27, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 147 thousand
New Positions: see below

Comments:
10/04/12: Hmm... it looks like our stop loss may have been too tight. MDSO dipped to $38.25 and then rebounded to close virtually unchanged on the session. Our trade was stopped out at $38.95.

closed Position: Long MDSO stock @ $40.75 exit $38.95 (-4.4%)

10/04/12 stopped out @ 38.95
09/28/12 triggered @ 40.75

chart: