Editor's Note:
The U.S. markets recovered from their midday swoon but the S&P 500 almost didn't make it back into positive territory.

Our new trade on VCLK has been triggered.

Current Portfolio:


BULLISH Play Updates

Ball Corp. - BLL - close: 44.75 change: +0.10

Stop Loss: 42.55
Target(s): 48.00
Current Gain/Loss: + 2.1%

Entry on November 06 at $43.85
Listed on November 3, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 687 thousand
New Positions: see below

Comments:
11/20/12: BLL chopped around on Tuesday but eventually ended up with a gain. I wouldn't be surprised to see a dip back to $44.00 if the market turns sound.

current Position: Long BLL stock @ $43.85

11/17/12 new stop loss @ 42.55
11/06/12 triggered @ 43.85



Georgia Gulf - GGC - close: 43.40 change: +0.34

Stop Loss: 39.15
Target(s): 47.50
Current Gain/Loss: + 2.9%

Entry on November 19 at $42.18
Listed on November 13, 2012
Time Frame: 6 to 9 weeks
Average Daily Volume = 773 thousand
New Positions: see below

Comments:
11/20/12: GGC tagged a new relative high this morning before paring its gains. Today's +0.7% advance outperformed the major indices. Do not be surprised to see GGC reverse at resistance near $45.00 but the $42.00-41.50 area could offer some support.

FYI: The Point & Figure chart for GGC is bullish with a quadruple top breakout buy signal and a long-term $73 target.

current Position: Long GGC stock @ $42.18

11/19/12 triggered on gap open higher at $42.18. trigger was 41.50
adjusted our exit target ot $47.50
11/17/12 adjust the stop to $39.15



McMoRan Exploration - MMR - close: 12.50 change: +0.04

Stop Loss: 11.90
Target(s): 15.00-16.00 zone
Current Gain/Loss: - 3.9%

Entry on November 12 at $13.01
Listed on November 10, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.3 million
New Positions: see below

Comments:
11/20/12: MMR recovered from its midday swoon but almost didn't make it back into positive territory. The stock is still struggling with technical resistance at the 10-dma and 100-dma intraday. I am not suggesting new positions at this time.

current Position: Long MMR stock @ $13.01



Splunk, Inc. - SPLK - close: 28.39 change: +0.25

Stop Loss: 26.95
Target(s): 31.50
Current Gain/Loss: + 3.0%

Entry on November 16 at $27.55
Listed on November 15, 2012
Time Frame: exit prior to earnings on Nov. 29th
Average Daily Volume = 1.0 million
New Positions: see below

Comments:
11/20/12: SPLK spent Tuesday bouncing along the $28.00 level. I am inching our stop loss higher to $26.95.

Right now we are aiming for $31.50 but more conservative traders may want to take profits early near the $30.00 level instead.

Earlier Comments:
SPLK could see a short squeeze. The most recent data listed short interest at 19% of the 54.1 million share float.

*small positions*

current Position: Long SPLK stock @ $27.55

11/20/12 new stop loss @ 26.95
11/17/12 new stop loss @ 26.75
11/16/12 triggered @ 27.55



Tesla Motors - TSLA - close: 33.00 change: +0.08

Stop Loss: 30.40
Target(s): 34.90
Current Gain/Loss: + 2.3%

Entry on November 19 at $32.25
Listed on November 15, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.0 million
New Positions: see below

Comments:
11/20/12: TSLA didn't make much progress but shares did produce a strong bounce off support near $32.00.

Earlier Comments:
There is a good chance that TSLA could see a short squeeze. The most recent data listed short interest at 62% of the 76 million-share float.

current Position: Long TSLA stock @ $32.25

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

Long Dec $33 call (TSLA1222L33) entry $0.90



Taiwan Semiconductor - TSM - close: 16.25 chagne: -0.09

Stop Loss: 15.75
Target(s): 18.50
Current Gain/Loss: + 0.6%

Entry on November 13 at $16.15
Listed on November 10, 2012
Time Frame: 6 to 9 weeks
Average Daily Volume = 10.3 million
New Positions: see below

Comments:
11/20/12: TSM gapped down at the open this morning but shares slowly fought their way higher. I remain cautiously bullish here.

current Position: Long TSM stock @ $16.15

11/17/12 new stop loss @ 15.75
11/13/12 triggered @ 16.15
11/12/12 adjust trigger to $16.15



ValueClick, Inc. - VCLK - close: 18.52 change: +0.43

Stop Loss: 17.45
Target(s): 20.75
Current Gain/Loss: + 1.8%

Entry on November 20 at $18.20
Listed on November 19, 2012
Time Frame: 4 to 6 weeks
Average Daily Volume = 666 thousand
New Positions: see below

Comments:
11/20/12: Our new play on VCLK is off to a strong start. Shares soared to a new relative high this morning and hit our trigger to open positions at $18.20. Broken resistance near $18.00 should become new support.

Earlier Comments:
I will point out that VCLK could see potential resistance at $19.50 and the $20.00 mark. I would keep our position size small. VCLK has been volatile in the past.

current Position: Long VCLK stock @ $18.20



Virgin Media, Inc. - VMED - close: 33.68 change: +0.05

Stop Loss: 31.70
Target(s): 34.85
Current Gain/Loss: + 2.5%

Entry on November 19 at $32.85
Listed on November 15, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.5 million
New Positions: see below

Comments:
11/20/12: VMED spiked past $34.00 intraday before paring its gains. The stock might be poised for a dip. Look for support near $33.00. Readers may want to start inching up their stops. At the moment we're only aiming for $34.85 but more aggressive traders may want to aim higher.

*small positions*

current Position: Long VMED stock @ $32.85



BEARISH Play Updates

Crocs, Inc. - CROX - close: 12.33 change: -0.26

Stop Loss: 12.75
Target(s): 10.25
Current Gain/Loss: + 0.6%

Entry on November 07 at $12.40
Listed on November 6, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.4 million
New Positions: see below

Comments:
11/20/12: There was no follow through on yesterday's big bounce in CROX. We knew CROX was likely to be volatile, which was why we wanted to keep our position size small.

Earlier Comments:
Remember that we want to keep our position size small to limit our risk.

*Small Positions*

Suggested Position: short CROX stock @ $12.40

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

Long Dec $12 PUT (CROX1222x12) Entry $0.55

11/17/12 new stop loss @ 12.75
11/07/12 triggered @ $12.40



Imperva Inc. - IMPV - close: 28.04 change: -1.31

Stop Loss: 30.65
Target(s): 25.50
Current Gain/Loss: + 5.3%

Entry on November 13 at $29.60
Listed on November 12, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 221 thousand
New Positions: see below

Comments:
11/20/12: Traders sold the rally attempt in IMPV this morning. The stock failed under resistance near $30.00 and its 10-dma. The relative weakness and today's -4.4% decline is a good sign for our bearish trade.

Earlier Comments:
We want to keep our position size small because IMPV can be a volatile stock. Our target is $25.50. FYI: The Point & Figure chart for IMPV is bearish with a $25.00 target.

current Position: short IMPV stock @ $29.60

11/19/12 new stop loss @ 30.65



Netgear Inc. - NTGR - close: 33.64 change: -0.36

Stop Loss: 35.15
Target(s): 30.25
Current Gain/Loss: + 2.5%

Entry on November 07 at $34.50
Listed on November 3, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 381 thousand
New Positions: see below

Comments:
11/20/12: Traders continue to sell the rallies in NTGR. I remain cautious on this trade. No new positions at this time.

current Position: short NTGR stock @ $34.50

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

Long DEC $33 PUT (NTGR1222x33) entry $1.00

11/14/12 new stop loss @ 35.15
11/13/12 caution, CSCO's earnings could have an impact on NTGR tomorrow
11/07/12 triggered @ 34.50



Vistaprint N.V. - VPRT - close: 28.90 change: -0.06

Stop Loss: 30.25
Target(s): 25.25
Current Gain/Loss: - 0.8%

Entry on November 15 at 28.68
Listed on November 14, 2012
Time Frame: 4 to 6 weeks
Average Daily Volume = 364 thousand
New Positions: see below

Comments:
11/20/12: It was a bit of a choppy day for VPRT again. The stock failed under its descending 10-dma (again). I'm not suggesting new positions at this time.

Earlier Comments:
The plan was to keep our position size small.

current Position: short VPRT stock @ $28.68