Editor's Note:
TPC, ECOM, GOGO, and QIWI hit our entry triggers today.


Current Portfolio:


BULLISH Play Updates

Hewlett-Packard Co. - HPQ - close: 32.90 change: +0.45

Stop Loss: 31.55
Target(s): to be determined
Current Gain/Loss: - 1.2%

Entry on April 09 at $32.85
Listed on April 07, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 14.0 million
New Positions: see below

Comments:
04/14/14: HPQ outperformed the market with a +1.3% gain on Monday. Shares did close off their highs of the session. I would be reluctant to launch new positions at current levels.

Earlier Comments:
Plan on exiting prior to HPQ's earnings report in late May.

current Position: Long HPQ stock @ $32.85

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

Long May $33 call (HPQ1417E33) entry $0.96

04/09/14 triggered @ 32.85
04/08/14 adjust the trigger from $33.15 to $32.85



Tutor Perini Corp. - TPC - close: $29.65 change: -0.08

Stop Loss: 28.45
Target(s): to be determined
Current Gain/Loss: - 2.0%

Entry on April 14 at $30.25
Listed on April 12, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 255 thousand
New Positions: see below

Comments:
04/14/14: Warning! The action in TPC has turned somewhat bearish. The stock spiked higher right at the open with a gap open at $29.97 and a very brief surge to $30.29. TPC immediately reversed and spent the rest of the day hovering under resistance at $30.00. Unfortunately our trigger to open bullish positions was trigger this morning at $30.25.

At this point I would wait for a new relative high above $30.30 or a close above the $30.00 level before initiating new positions.

current Position: Long TPC stock @ $30.25

04/14/14 triggered @ 30.25



BEARISH Play Updates

Apollo Education Group - APOL - close: 27.19 change: +0.07

Stop Loss: 29.25
Target(s): $26.00
Current Gain/Loss: + 8.9%

Entry on April 08 at $29.85
Listed on April 07, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 2.2 million
New Positions: see below

Comments:
04/14/14: APOL's performance today was encouraging. The stock is very short-term oversold and due for a bounce. Given the market's widespread rebound today it would have been a perfect chance for APOL to bounce big. Instead shares rallied up to $27.71 and reversed. I am adjusting our stop loss down to $29.25.

I am not suggesting new positions at this time.

Investors may want to use small positions to limit their risk. The most recent data listed short interest at 14% of the 98.2 million share float.

current Position: short APOL stock @ $29.85

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

Long May $30 PUT (APOL1417Q30) entry $1.45*

04/14/14 new stop loss @ 29.25
04/11/14 set a bearish exit target at $26.00 although traders may want to start taking some money off the table now.
04/10/14 new stop @ 30.25, APOL could bounce from here
04/08/14 triggered @ 29.85
*option entry price is an estimate since the option did not trade at the time our play was opened.



ChannelAdivsor - ECOM - close: 29.34 change: -1.07

Stop Loss: 32.25
Target(s): 25.25
Current Gain/Loss: + 1.4%

Entry on April 14 at $29.75
Listed on April 12, 2014
Time Frame: 3 to 4 weeks
Average Daily Volume = 625 thousand
New Positions: see below

Comments:
04/14/14: The relative weakness in ECOM continues. Shares actually gapped open higher this morning but the bounce reversed under the $32.00 level. ECOM then proceeded to plunge -8% from its Monday morning highs. The breakdown below $30.00 is bearish and ECOM hit our suggested entry point at $29.75.

Earlier Comments:
Traders may want to use put options to limit their risk. Our short-term target is $25.25. More aggressive traders may want to aim lower. The Point & Figure chart for ECOM is bearish with a $22.00 target.

current Position: short ECOM stock @ $29.75

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

Long May $30 PUT (ECOM1417Q30) entry $2.85

04/14/14 triggered @ 29.75



Gogo Inc. - GOGO - close: 16.79 change: -1.40

Stop Loss: 19.55
Target(s): to be determined
Current Gain/Loss: +6.5%

Entry on April 14 at $17.95
Listed on April 08, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.1 million
New Positions: see below

Comments:
04/14/14: GOGO had another rough day. Shares finally broke through support near $18.00 and hit our suggested entry point for bearish positions at $17.95. GOGO really underperformed the broader market to close down -7.69%. We don't have an exit target yet but traders may want to take profits near $15.00.

Earlier Comments:
Investors may want to use small positions or consider using put options to limit their risk. There are already a lot of bears in this name. The most recent data listed short interest at 31% of the small 30.9 million share float. There is definitely fuel for a short squeeze but that doesn't guarantee one. The Point & Figure chart for GOGO is bearish with an $11.00 target.

*small positions*

current Position: short GOGO stock @ $17.95

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

Long MAY $17.50 PUT (GOGO1417Q17.5) entry $1.53

04/14/14 triggered @ 17.95



Qiwi Plc - QIWI - close: 29.79 change: -1.17

Stop Loss: 32.05
Target(s): 22.50
Current Gain/Loss: + 0.2%

Entry on April 14 at $29.85
Listed on April 10, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 619 thousand
New Positions: see below

Comments:
04/14/14: QIWI underperformed the U.S. market with a -3.7% decline today. The stock was down almost $3.00 (-9.3%) at its worst levels of the session before QIWI pared its losses. I didn't see any company-specific news to account for today's weakness. Odds are the growing tensions between Russia and Ukraine could have prompted traders to hit the sell button. The Russian market was down -1.29% today.

Our trigger to launch bearish positions was hit at $29.85. The close under $30.00 is bearish. If you missed our entry point I would consider waiting for a drop under this afternoon's low (near $29.00) as an alternative entry point.

Earlier Comments:
We will aim for $22.50. More conservative investors may want to aim for the $26-25 zone since $25.00 could be potential support. Keep in mind that as a foreign company their stock could gap open (up or down) each morning as U.S. shares adjust to trading overseas. Therefore I am suggesting small positions to limit our risk. Or instead of shorting QIWI stock consider limiting your risk with put options.

*small positions*

current Position: short QIWI stock @ $29.85

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

Long MAY $30 PUT (QIWI1417Q30) entry $2.70*

04/14/14 triggered @ 29.85
*option entry price is an estimate since the option did not trade at the time our play was opened.