Editor's Note:
Thanksgiving week is traditionally a bullish time for stocks and this time the seasonal bias did not disappoint.

I am suggesting we exit our MMR and TSM trades on Monday morning.


BULLISH Play Updates

Banner Corp. - BANR - close: 30.00 change: +0.00

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:
11/24/12: Friday proved to be a very quiet day for BANR. Shares traded sideways in a narrow range and closed unchanged on the session. Readers may want to raise for a rise past $30.15 or $30.20 before initiating positions or as an alternative try and catch a dip near its rising 10-dma.

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.

chart:



Ball Corp. - BLL - close: 45.07 change: +0.46

Stop Loss: 43.25
Target(s): 48.00
Current Gain/Loss: + 2.8%

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:
11/24/12: BLL resumed the advance on Friday with a +1.0% gain and a new 52-week high. I am raising our stop loss up to $43.25.

current Position: Long BLL stock @ $43.85

11/24/12 new stop loss @ 43.25
11/17/12 new stop loss @ 42.55
11/06/12 triggered @ 43.85

chart:



Georgia Gulf - GGC - close: 45.72 change: +0.72

Stop Loss: 40.90
Target(s): 47.50
Current Gain/Loss: + 8.4%

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:
11/24/12: GGC continues to rally. I want to caution readers that after a multi-day advance GGC looks short-term overbought here. It might be time for a pullback. I am not suggesting new positions at this time. Readers may want to start taking profits now.

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

chart:



McMoRan Exploration - MMR - close: 12.45 change: -0.10

Stop Loss: 11.90
Target(s): 15.00-16.00 zone
Current Gain/Loss: - 4.3%

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:
11/24/12: I remain concerned with MMR. Shares underperformed the market on Friday with a -0.7% decline and a little bearish engulfing candlestick reversing pattern. I am suggesting we exit positions immediately on Monday morning.

current Position: Long MMR stock @ $13.01

11/24/12 prepare to exit early on Monday morning.

chart:



Splunk, Inc. - SPLK - close: 28.89 change: +0.22

Stop Loss: 27.75
Target(s): 29.75
Current Gain/Loss: + 4.9%

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:
11/24/12: Traders bought the dip in SPLK on Friday morning but the stock seems to be having trouble with resistance at the $29.00 level. We are almost out of time on this trade. The plan is to exit prior to the earnings report on Nov. 29th. Readers may want to start taking profits now.

I am not suggesting new positions. We will raise our stop loss to $27.75. I am also adjusting our exit target to $29.75.

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

11/24/12 new stop loss @ 27.75, move exit target to $29.75
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

chart:



Tesla Motors - TSLA - close: 32.13 change: -0.34

Stop Loss: 30.90
Target(s): 34.90
Current Gain/Loss: - 0.4%

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:
11/24/12: Hmm... the story on Friday is that TSLA might be planning a price hike on its "S" class sedan and investors are worried that might hurt sales and thus the stock price. The stock did bounce off its 10-dma on Friday but shares did underperform with a -1.0% decline. I am raising our stop loss to $30.90. I am not suggesting new positions at this time.

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

11/24/12 new stop loss @ 30.90

chart:



Taiwan Semiconductor - TSM - close: 16.84 chagne: +0.58

Stop Loss: 15.75
Target(s): 18.50
Current Gain/Loss: + 4.3%

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:
11/24/12: TSM was one of the market's best performers on Friday with a +3.5% gain. Most of that gain was on the gap open higher. The best explanation for the sudden strength appears to be from an IBD article. Evidently the Taiwan finance minister issued some bullish comments about buying equities. I didn't find a lot of details.

I am suggesting we take advantage of this pop higher and exit positions early on Monday morning to lock in gains.

current Position: Long TSM stock @ $16.15

11/24/12 prepare to exit early on Monday morning
11/17/12 new stop loss @ 15.75
11/13/12 triggered @ 16.15
11/12/12 adjust trigger to $16.15

chart:



ValueClick, Inc. - VCLK - close: 18.62 change: -0.04

Stop Loss: 17.45
Target(s): 20.75
Current Gain/Loss: + 2.3%

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:
11/24/12: VCLK's relative weakness on Friday is a little bit disappointing but after a multi-day rally it was probably due for a dip. Look for broken resistance near $18.00 to offer 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

chart:



Virgin Media, Inc. - VMED - close: 34.01 change: +0.29

Stop Loss: 31.70
Target(s): 34.85
Current Gain/Loss: + 3.5%

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:
11/24/12: VMED opened higher on Friday and ended the session with a +0.8% gain. The stock is poised to challenge its October high soon. 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

chart:



BEARISH Play Updates

CIT Group - CIT - close: 37.20 change: +0.75

Stop Loss: 37.05
Target(s): 33.25
Current Gain/Loss: unopened

Entry on November xx at $ xx.xx
Listed on November 21, 2012
Time Frame: 3 to 6 weeks
Average Daily Volume = 1.5 million
New Positions: Yes, see below

Comments:
11/24/12: CIT produced a nice bounce on Friday but I don't see any changes from my Wednesday night comments. Shares still look weak. We are waiting for a breakdown below support. I am suggesting we use a trigger at $35.90 to launch small bearish positions. Our target is $33.25.

Trigger @ 35.90

Suggested Position: short CIT stock @ (trigger)

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

buy the 2013 Jan $35 PUT (CIT1319m35)

chart:



Crocs, Inc. - CROX - close: 12.43 change: +0.03

Stop Loss: 12.75
Target(s): 10.25
Current Gain/Loss: - 0.2%

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:
11/24/12: CROX managed a bounce on Friday but it underperformed the major market indices. I am still concerned that the $12.00 level has proven to be stronger support than expected. Readers may want to close positions early. Currently our stop is at $12.75. I am not suggesting new positions.

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

chart:



Imperva Inc. - IMPV - close: 28.52 change: -0.18

Stop Loss: 30.65
Target(s): 25.50
Current Gain/Loss: + 3.6%

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:
11/24/12: Traders sold the initial bounce on Friday and IMPV underperformed the market with a -0.6% decline. Nimble traders may want to look for a new failed rally at the 10-dma before considering new bearish positions.

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

chart:



Netgear Inc. - NTGR - close: 34.20 change: +0.52

Stop Loss: 35.15
Target(s): 30.25
Current Gain/Loss: + 0.9%

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:
11/24/12: The decline in NTGR has definitely slowed. Friday's relative strength (+1.5%) is a bit worrisome. NTGR almost looks poised to bounce and break the trend of lower highs. I remain cautious here. 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

chart:



Vistaprint N.V. - VPRT - close: 29.63 change: +0.54

Stop Loss: 30.25
Target(s): 25.25
Current Gain/Loss: - 3.3%

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:
11/24/12: Hmm... VPRT displayed relative strength on Friday with a +1.8% gain. Plus the stock has now closed above short-term resistance at the simple 10-dma. There is still resistance at the $30.00 mark but if the market continues to rally VPRT might breakout higher. I am 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

chart: