Editor's Note:
The stock market stumbled out of the gate on Wednesday but equities managed to rebound off their morning lows.

LGF was triggered. AXLL was closed this morning.


Current Portfolio:


BULLISH Play Updates

Avago Technologies - AVGO - close: 43.41 change: -0.01

Stop Loss: 41.30
Target(s): 44.50
Current Gain/Loss: + 7.9%

Entry on September 17 at $40.25
Listed on September 10, 2013
Time Frame: 9 to 12 weeks
Average Daily Volume = 2.1 million
New Positions: see below

Comments:
10/02/13: AVGO found support near the $43.00 level all day long. Shares ended the session virtually unchanged. More conservative traders may want to raise their stop closer to the simple 10-dma instead (currently 42.10). I am not suggesting new positions at this time.

Earlier Comments:
The Point & Figure chart for AVGO is bullish with a long-term $56.00 target.

current Position: long AVGO stock @ $40.25

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

Long 2014 Jan $40 call (AVGO1418a40) entry $2.80

10/01/13 new stop loss @ 41.30
09/28/13 new stop loss @ 40.85
09/24/13 new stop loss @ 39.85
09/21/13 new stop loss @ 39.40



Twenty-First Century Fox, Inc. - FOXA - close: 33.71 change: -0.27

Stop Loss: 32.45
Target(s): 37.50
Current Gain/Loss: - 1.1%

Entry on October 01 at $34.10
Listed on September 30, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 8.6 million
New Positions: see below

Comments:
10/02/13: FOXA gave back over half of yesterday's gains. Shares underperformed the market with a -0.79% decline. Look for short-term support near $33.30 and at the $33.00 levels.

current Position: Long FOXA stock @ $34.10



Goodyear Tire & Rubber Co. - GT - close: 23.27 change: +0.02

Stop Loss: 21.85
Target(s): 25.00
Current Gain/Loss: + 3.4%

Entry on September 19 at $22.50
Listed on September 18, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.2 million
New Positions: see below

Comments:
10/02/13: Traders quickly bought the dip in GT This morning. The stock briefly traded to a new multi-year high before drifting back toward unchanged on the session.

current Position: long GT stock @ $22.50

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

Long 2014 Jan $23 call (GT1418a23) entry $1.63

10/01/13 new stop loss @ 21.85
09/24/13 new stop loss @ 21.65



Lions Gate Entertainment - LGF - close: 36.74 change: +0.29

Stop Loss: 34.60
Target(s): 40.00
Current Gain/Loss: + 0.0%

Entry on October 02 at $36.75
Listed on October 01, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.75 million
New Positions: Yes, see below

Comments:
10/02/13: Yesterday's rally continued into this morning and LGF pushed toward the $37.00 level. Our trigger to open bullish positions was hit at $36.75. Our short-term target is $40.00 but we may adjust that higher.

current Position: Long LGF stock @ $36.75



PolyOne Corp. - POL - close: 30.70 change: -0.07

Stop Loss: 29.25
Target(s): 34.50
Current Gain/Loss: -0.2%

Entry on September 30 at $30.75
Listed on September 28, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 412 thousand
New Positions: see below

Comments:
10/02/13: POL is still providing entry points near the $30 area with another dip this morning. Given a few more minutes it looks like POL would have closed in positive territory.

current Position: Long POL stock @ $30.75



PRD Energy - PREGF - close: 0.98 change: +0.02

Stop Loss: TBD
Target(s): TBD
Current Gain/Loss: - 6.3%

Entry on September 27 at $1.05
Listed on September 26, 2013
Time Frame: 6 to 9 weeks
Average Daily Volume = 130 thousand
New Positions: see below

Comments:
10/02/13: Wednesday proved to be a relatively quiet day for shares of PREGF. I do not see any changes from my (last) Thursday night new play description.

*Higher Risk, Speculative Trade*

current Position: Long PREGF stock @ $1.05



Primoris Services - PRIM - close: 25.47 change: -0.31

Stop Loss: 24.75
Target(s): 28.50
Current Gain/Loss: - 0.1%

Entry on September 23 at $25.50
Listed on September 21, 2013
Time Frame: exit PRIOR to earnings in early November
Average Daily Volume = 222 thousand
New Positions: see below

Comments:
10/02/13: News of a new $100 million construction contract for one of PRIM's subsidiaries failed to boost the stock price. Shares of PRIM fell this morning like most of the market. Yet the stock did not bounce. Instead PRIM underperformed the major indices with a -1.2% decline. Look for support near $25.00 if this weakness continues.

current Position: Long PRIM stock @ $25.50

10/01/13 new stop loss @ 24.75



Ryanair Holdings - RYAAY - close: 50.02 change: +0.11

Stop Loss: 48.90
Target(s): 54.50
Current Gain/Loss: - 0.7%

Entry on September 26 at $50.35
Listed on September 25, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 540 thousand
New Positions: see below

Comments:
10/02/13: RYAAY showed some improvement today but shares are still struggling with resistance near $50.00 and its 50-dma and 100-dma. I remain very cautious here. I am not suggesting new positions. If RYAAY doesn't improve soon we'll likely drop it.

*small positions*

current Position: Long RYAAY stock @ $50.35



Seagate Technology - STX - close: 45.95 change: +1.25

Stop Loss: 43.75
Target(s): 47.00
Current Gain/Loss: +8.8%

Entry on September 25 at $42.25
Listed on September 24, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.5 million
New Positions: see below

Comments:
10/02/13: STX bucked the market's down trend this morning. Shares surged at the open in reaction to a new analyst upgrade and a $53 price target. STX ended the session with a +2.79% gain and a new two-month high. I am raising our stop loss to $43.75. More conservative traders may want to just take profits now.

NOTE: Our 2014 Jan. $45 call has already doubled (+100%) and readers may want to take some money off the table.

current Position: Long STX stock @ $42.25

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

Long 2014 Jan $45 call (STX1418a45) entry $1.71

10/02/13 new stop loss @ 43.75
10/01/13 new stop loss @ 41.95
09/30/13 new stop loss @ 41.40
09/26/13 new stop loss @ 40.90



The TJX Companies - TJX - close: 56.71 change: -0.07

Stop Loss: 55.40
Target(s): 62.00
Current Gain/Loss: - 0.1%

Entry on October 01 at $56.75
Listed on September 28, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.1 million
New Positions: see below

Comments:
10/02/13: TJX recovered from its morning decline and almost closed unchanged on the session. I don't see any changes from my earlier comments. I would still consider new positions now.

Earlier Comments:
Our $62.00 target might be a little aggressive. More conservative investors may want to exit near $60.00.

current Position: Long TJX stock @ $56.75

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

Long 2014 Jan $60 call (TJX1418a60) entry $1.15



Ubiquiti Networks - UBNT - close: 34.80 change: -0.42

Stop Loss: 32.90
Target(s): 39.75
Current Gain/Loss: unopened

Entry on October -- at $--.--
Listed on October 01, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 853 thousand
New Positions: Yes, see below

Comments:
10/02/13: UBNT saw a brief spike above the $35.50 level this morning. Shares almost hit our entry trigger at $35.75 but the high today peaked at $35.73. That means we're still on the sidelines. I don't see any changes from my prior comments.

Earlier Comments:
UBNT could see another short squeeze. The most recent data listed short interest at more than 32% of the very small 19.5 million share float. If the market continues to rally I suspect odds of a short squeeze in UBNT definitely go up. Today's high was $35.47. I am suggesting a trigger at $35.75. If triggered our short-term target is $39.75.

NOTE: I do consider this a more aggressive, higher-risk trade because UBNT can be a volatile stock. I am suggesting smaller positions to limit risk.

Trigger @ 35.75 *small positions*

Suggested Position: buy UBNT stock @ (trigger)



BEARISH Play Updates

Urban Outfitters - URBN - close: 36.92 change: +0.41

Stop Loss: 38.25
Target(s): 34.50
Current Gain/Loss: + 0.9%

Entry on September 24 at $37.25
Listed on September 19, 2013
Time Frame: 3 to 4 weeks
Average Daily Volume = 2.8 million
New Positions: see below

Comments:
10/02/13: Hmmm... URBN displayed some relative strength today with a +1.1% gain. We could see URBN test its 10-dma again soon (currently near $37.20). I am not suggesting new positions at this time.

Earlier Comments:
Our target is the November 2012 lows near $34.50. FYI: The Point & Figure chart has produced a sell signal and is forecasting at $31.00 target.

current Position: short URBN stock @ $37.25

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

Long Oct $38 PUT (URBN1319v38) entry $1.45

09/28/13 new stop loss @ 38.25



CLOSED BEARISH PLAYS

Axiall Corp. - AXLL - close: 38.07 change: -0.01

Stop Loss: 38.75
Target(s): 35.25
Current Gain/Loss: +2.6%

Entry on September 18 at $38.75
Listed on September 17, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.0 million
New Positions: see below

Comments:
10/02/13: AXLL had not been cooperating in recent days. We announced in yesterday's newsletter our plan to exit at the opening bell this morning. Lucky for us that AXLL gapped open lower at $37.74.

closed Position: short AXLL stock @ $38.75 exit $37.74 (+2.6%)

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

Oct $40 PUT (AXLL1319v40) entry $2.20* exit $2.30 (+ 4.5%)

10/02/13 planned exit
10/01/13 prepare to exit at the open tomorrow morning
09/30/13 new stop loss @ 38.75
09/28/13 new stop loss @ 39.25
09/23/13 new stop loss @ 40.15
*option entry price is an estimate since the option did not trade at the time our play was opened.

chart: