Editor's Note:
Stocks delivered a relatively quiet pre-holiday trading session on Wednesday.

The U.S. markets will be closed for the Thanksgiving holiday tomorrow and they will only be open half a day on Friday.

We did see our new BANR trade opened.

Current Portfolio:


BULLISH Play Updates

Banner Corp. - BANR - close: 30.00 change: +0.51

Stop Loss: 28.90
Target(s): 34.00
Current Gain/Loss: - 1.6%

Entry on November 21 at $30.49
Listed on November 20, 2012
Time Frame: 8 to 10 weeks
Average Daily Volume = 157 thousand
New Positions: see below

Comments:
11/21/12: Sometimes the trading gods are cruel. Last night we listed BANR as a new candidate to open bullish positions at $30.15 or higher. However, I said we would not open positions if BANR gapped above $30.50 or higher. The stock gapped higher at $30.49 this morning. The rally ran out of steam at $30.77.

This does not mean I am not bullish on BANR. This dip to $30.00 can be used as a new entry point to launch positions but our entry point this morning could have been better.

NOTE: BANR doesn't move very fast. This trade could take a couple of months.

*Small Positions*

current Position: Long BANR stock @ $30.49

11/21/12 out trade opened on the gap higher.



Ball Corp. - BLL - close: 44.61 change: -0.14

Stop Loss: 42.55
Target(s): 48.00
Current Gain/Loss: + 1.7%

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:
11/21/12: BLL spent the day consolidating sideways. Readers may want to wait for a new dip near $44.00 before considering new positions.

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: 45.00 change: +1.60

Stop Loss: 40.90
Target(s): 47.50
Current Gain/Loss: + 6.7%

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:
11/21/12: GGC continues to show relative strength. The stock surged +3.6% to set another new multi-year high. Mor conservative traders may want to start taking profits now. GGC is arguably short-term overbought and could see a pullback to the 10-dma again all the way down near $41.15. I am adjusting our stop loss to $40.90.

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

11/21/12 new stop loss @ 40.90
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: 12.55 change: +0.05

Stop Loss: 11.90
Target(s): 15.00-16.00 zone
Current Gain/Loss: - 3.5%

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:
11/21/12: MMR continues to falter at its 100-dma. Readers will want to seriously consider an early exit out of this trade soon. I am not suggesting new positions at this time.

current Position: Long MMR stock @ $13.01



Splunk, Inc. - SPLK - close: 28.67 change: +0.28

Stop Loss: 27.30
Target(s): 31.50
Current Gain/Loss: + 4.1%

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:
11/21/12: SPLK spiked up to its 30-dma before paring its gains. I am raising our stop loss to $27.30 so it's just under the 10-dma. I am not suggesting new positions. We want to exit prior to the Nov. 29th earnings report.

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

11/21/12 new stop loss @ 27.30
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: 32.47 change: -0.53

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:
11/21/12: The lunchtime rally in TSLA today failed and the stock underperformed with a -1.6% decline on Wednesday. For now the $32.00 level should be support. If that level fails look for a dip toward $31.00.

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: 16.26 chagne: +0.01

Stop Loss: 15.75
Target(s): 18.50
Current Gain/Loss: + 0.7%

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:
11/21/12: I am tempted to drop TSM for lack of movement. Shares just aren't moving very fast. The overall trend is still up. 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: 18.66 change: +0.14

Stop Loss: 17.45
Target(s): 20.75
Current Gain/Loss: + 2.5%

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:
11/21/12: VCLK spiked to a new multi-month high at $18.86 before trimming its gains. I don't see any changes from my prior comments. 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: 33.72 change: +0.04

Stop Loss: 31.70
Target(s): 34.85
Current Gain/Loss: + 2.6%

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:
11/21/12: Wednesday's session in VMED was definitely forgettable. The stock drifted sideways. 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: 12.40 change: +0.07

Stop Loss: 12.75
Target(s): 10.25
Current Gain/Loss: + 0.0%

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:
11/21/12: It's been several days and we are right back to where we started with CROX. More conservative traders may want to abandon ship.

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: 28.70 change: +0.66

Stop Loss: 30.65
Target(s): 25.50
Current Gain/Loss: + 3.0%

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:
11/21/12: Hmm... IMPV managed a bounce off yesterday's low. Has IMPV found a short-term bottom? We can watch for resistance at the 10-dma near $29.35 and at $30.00. I am not suggesting new positions at this time.

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: 33.68 change: +0.04

Stop Loss: 35.15
Target(s): 30.25
Current Gain/Loss: + 2.4%

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:
11/21/12: NTGR was content to just churn sideways under the $34.00 level today. 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: 29.09 change: +0.19

Stop Loss: 30.25
Target(s): 25.25
Current Gain/Loss: - 1.4%

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:
11/21/12: VPRT displayed a little bit of relative strength today. That's three days in a row where traders have bought the intraday dip. VPRT looks poised to test resistance at the 10-dma again soon. 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