Editor's Note:
Most of the market managed a rebound today. We did see both some stops and some entry triggers get hit.

PCL and INT were triggered. SNHY and CNW were stopped out.

Current Portfolio:


BULLISH Play Updates

American Intl. Group - AIG - close: 36.29 change: +0.83

Stop Loss: 34.45
Target(s): 39.75
Current Gain/Loss: + 0.8%

Entry on October 9 at $36.00
Listed on October 8, 2012
Time Frame: exit prior to earnings on Nov. 1st
Average Daily Volume = 44 million
New Positions: see below

Comments:
10/15/12: AIG displayed relative strength on Monday with a +2.3% gain and a breakout to new 52-week highs. I am raising our stop loss up to $34.45.

Our target is $39.75 but we'll plan on exiting prior to the early November earnings report. FYI: The Point & Figure chart for AIG is bullish with a $42.50 target.

Current Position: Long AIG stock @ $36.00

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

Long Nov $37 call (AIG1211k37) entry $0.76

10/15/12 new stop loss @ 34.45



Bio-Reference Labs - BRLI - close: 32.11 change: +0.23

Stop Loss: 30.75
Target(s): 34.75
Current Gain/Loss: + 6.1%

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:
10/15/12: Most of Monday was spent churning sideways but BRLI did add +0.7%. The recent highs near $32.75 remain overhead resistance. I am not suggesting new positions at this time. More conservative traders may want to take profits now.

current Position: Long BRLI stock @ $30.25

10/11/12 new stop loss @ 30.75
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: 36.61 change: +0.22

Stop Loss: 35.40
Target(s): 39.90
Current Gain/Loss: - 1.1%

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:
10/15/12: CFX looks like it's on the verge of breaking out from the short-term, one-week trend of lower highs. I am not suggesting new positions at this time.

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

10/13/12 new stop loss @ 35.40
10/01/12 triggered @ 37.00



Medidata Solutions - MDSO - close: 40.00 change: -0.10

Stop Loss: 39.25
Target(s): 43.00
Current Gain/Loss: unopened

Entry on October xx at $ xx.xx
Listed on October 13, 2012
Time Frame: exit prior to the late October earnings report
Average Daily Volume = 161 thousand
New Positions: Yes, see below

Comments:
10/15/12: MDSO is still consolidating sideways in a very narrow range near the $40.00 level. We are waiting for a breakout higher. I am suggesting a trigger to launch small bullish positions at $40.50 with a stop loss at $39.25.

We want to keep our position size small to limit our risk. MDSO's trend is higher but the market looks weak and MDSO may not be immune to a prolonged market decline. There is potential resistance at $42.00 but we'll aim for $43.00.

Trigger @ 40.50

Suggested Position: buy MDSO stock @ (trigger)



Plum Creek Timber - PCL - close: 43.54 change: +0.60

Stop Loss: 41.90
Target(s): 44.95
Current Gain/Loss: + 0.9%

Entry on October 15 at $43.15
Listed on October 13, 2012
Time Frame: exit prior to earnings on Oct. 29th (not yet confirmed)
Average Daily Volume = 1.1 million
New Positions: see below

Comments:
10/15/12: We didn't have to wait long for PCL to hit our trigger. Friday's rally continued on Monday and shares broke through resistance at $43.00. PCL hit our entry point at $43.15 and rallied to $44.00 before paring its gains.

current Position: Long PCL stock @ $43.15

10/15/12 triggered at $43.15



BEARISH Play Updates

Centene Corp. - CNC - close: 35.54 change: -0.05

Stop Loss: 36.65
Target(s): 31.50
Current Gain/Loss: + 3.3%

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:
10/15/12: CNC tagged a new two-month low at $35.05 before bouncing. We are running out of time on our October option.

I am not suggesting new positions at this time.

current Position: short CNC stock @ $36.75

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

Long Oct $35 PUT (CNC1220v35) Entry $1.20

10/13/12 new stop loss @ 36.65
10/10/12 new stop loss @ 37.05
10/02/12 new stop loss @ 38.05



World Fuel Services - INT - close: 34.00 change: -0.39

Stop Loss: 35.01
Target(s): 30.15
Current Gain/Loss: - 0.3%

Entry on October 15 at $33.90
Listed on October 13, 2012
Time Frame: exit prior to the late October earnings
Average Daily Volume = 300 thousand
New Positions: see below

Comments:
10/15/12: That's not a typo. INT lost 39 cents for the second day in a row. Shares of INT fell to $33.65 intraday before paring its losses. Our trigger to open bearish positions was hit at $33.90.

The plan was to keep our position size small to limit our risk. We do not want to hold over the late October earnings report (not yet confirmed). FYI: The Point & Figure chart for INT is bearish with a $27.00 target.

(Small Positions)

current Position: short INT stock @ $33.90

10/15/12 triggered @ 33.90



Sohu.com - SOHU - close: 39.27 change: -0.34

Stop Loss: 41.40
Target(s): 36.00
Current Gain/Loss: + 0.7%

Entry on October 10 at $39.55
Listed on October 9, 2012
Time Frame: Exit prior to the late October earnings report
Average Daily Volume = 472 thousand
New Positions: Yes, see below

Comments:
10/15/12: After Friday's bearish reversal the weakness continued and SOHU hit new relative lows before trimming its losses. I would still consider new positions now at current levels. Keep in mind that we want to exit prior to the late October earnings report.

Earlier Comments:
I have to warn you that SOHU can be a volatile stock so we need to limit our position size to reduce our risk or consider trading the options. Our target is $36.00. More aggressive traders could aim for the $34.00 area.

*Small Positions*

current Position: short SOHU stock @ $39.55

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

Long Nov $37.50 PUT (SOHU1211w37.5) entry $1.85



Synaptics Inc. - SYNA - close: 23.35 change: +0.14

Stop Loss: 24.05
Target(s): 22.15
Current Gain/Loss: + 5.8%

Entry on September 26 at $24.79
Listed on September 25, 2012
Time Frame: Exit prior to the Oct. 25th earnings report
Average Daily Volume = 439 thousand
New Positions: see below

Comments:
10/15/12: There is no change from my weekend comments except that we are lowering the stop loss to $24.05. The consolidation in SYNA continues to narrow. We can expect a breakout one way or the other pretty soon. Readers may want to take profits now. I am not suggesting new positions.

Our target is $22.15 but more aggressive traders could aim lower.

Earlier Comments:
I do consider this a higher-risk, more aggressive trade because SYNA has already seen a big move 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%)

10/15/12 new stop loss @ 24.05
10/13/12 new stop loss @ 24.40, readers may want to exit early now
10/06/12 new stop loss @ 24.51
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: 12.03 change: -0.03

Stop Loss: 12.65
Target(s): 11.00
Current Gain/Loss: + 3.1%

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:
10/15/12: I want to warn you that today's move could be a bullish reversal for TIE. Shares dipped to $11.82 and then bounced back to close back above technical support at the 100-dma. I would expect a bounce tomorrow. Look for resistance at the simple 10-dma near $12.35. I am not suggesting new positions at this time.

*Small Positions*

current Position: short TIE stock @ $12.41

10/13/12 new stop loss @ 12.65



Trimble Navigation - TRMB - close: 47.14 change: +0.15

Stop Loss: 48.55
Target(s): 42.50
Current Gain/Loss: unopened

Entry on October xx at $ xx.xx
Listed on October 10, 2012
Time Frame: exit prior to earnings on Nov. 1st
Average Daily Volume = 697 thousand
New Positions: Yes, see below

Comments:
10/15/12: There is no change from my weekend comments on TRMB. TRMB does look vulnerable here and I would expect the stock to break to new relative lows soon.

Earlier Comments:
I am suggesting small bearish positions if TRMB can trade at $46.50 or lower. If triggered our target is $42.50 but we want to exit prior to the next earnings report on November 1st.

Trigger @ 46.50 (Small Positions)

Suggested Position: short TRMB stock @ (trigger)

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

buy the Nov $45 PUT (TRMB1211w45)



Veeco Instruments - VECO - close: 29.06 change: +0.31

Stop Loss: 30.15
Target(s): 26.65
Current Gain/Loss: + 2.3%

Entry on October 08 at $29.75
Listed on October 6, 2012
Time Frame: exit prior to the Oct 22nd earnings report
Average Daily Volume = 740 thousand
New Positions: see below

Comments:
10/15/12: The oversold bounce continues for a third day with a +1.0% gain. Shares are nearing what should be technical resistance at the 10-dma (currently 29.33). I am not suggesting new positions.

Earlier Comments:
A lot of investors are already bearish on this stock so there is a risk of a short squeeze should it unexpectedly move higher. The most recent data listed short interest at 29% of the 38.7 million share float. Thus you may want to use put options to limit your risk instead of shorting the stock.

current Position: short VECO stock @ $29.75

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

Long Nov $30 PUT (VECO1211w30) Entry $2.20

10/10/12 adjust exit target to $26.65
10/09/12 new stop loss @ 30.15
10/08/12 new stop loss @ 30.55



CLOSED BULLISH PLAYS

Sun Hydraulics Corp. - SNHY - close: 26.66 change: +0.63

Stop Loss: 25.95
Target(s): 31.00
Current Gain/Loss: - 6.1%

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:
10/15/12: I warned readers over the weekend that SNHY would likely hit our stop loss at $25.95. What I was not expecting was a +2.4% rebound. Shares dipped just under support at $26.00 and then surged.

Earlier Comments:
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.

*Small Positions*

closed Position: Long SNHY stock @ $27.65 exit $25.95 (-6.1%)

10/15/12 stopped out at $25.95
10/03/12 triggered @ 27.65

chart:



CLOSED BEARISH PLAYS

Con-way Inc. - CNW - close: 28.50 change: +0.29

Stop Loss: 28.60
Target(s): 25.05
Current Gain/Loss: - 0.6%

Entry on September 20 at $28.44
Listed on September 19, 2012
Time Frame: exit prior to the Oct 30th earnings report
Average Daily Volume = 787 thousand
New Positions: see below

Comments:
10/15/12: The transportation sector continued to bounce on Monday and CNW hit our stop loss at $28.60.

closed Position: short CNW stock @ $28.44 (gap down) exit $28.60 (-0.6%)

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

Oct $27.50 put (CNW1220v27.5) Entry $1.00* exit $0.05 (-95%)

10/15/12 stopped out at $28.60
10/11/12 new stop loss @ 28.60
10/06/12 more conservative traders will want to seriously consider an early exit now to avoid a loss
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.

chart: