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Call Updates

Barr Pharma - BRL - close: 48.92 chg: -1.04 stop: 45.99

BRL did pull back today but given the decline but it seems to be market related. Look for a bounce from the $48.00 level.

Picked on March 01 at $ 48.53
Change since picked: + 0.39
Earnings Date 02/02/05 (confirmed)
Average Daily Volume = 800 thousand

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Hartford Financial - HIG - cls: 70.99 chg: -0.26 stop: 69.95

No change from previous update.

Picked on February 06 at $ 71.17
Change since picked: - 0.18
Earnings Date 01/26/05 (confirmed)
Average Daily Volume = 1.2 million


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Parker-Hannifin - PH - close: 67.80 change: -0.80 stop: 63.99

No change from previous update.

Picked on March 03 at $ 68.11
Change since picked: - 0.31
Earnings Date 01/18/05 (confirmed)
Average Daily Volume = 1.0 million

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PACCAR - PCAR - close: 73.90 chg: -1.89 stop: 73.25

Danger! Danger! PCAR has broken down under support at the round-number, psychological $75.00 level. The MACD indicator has produced a new sell signal with today's decline. The close under the $74.00 level is also bearish since this was resistance back in early February. Conservative traders may want to consider exiting here if they have not done so already. It would not take much for PCAR to tag our stop at $73.25.

Picked on February 28 at $ 75.25
Change since picked: - 1.35
Earnings Date 02/01/05 (confirmed)
Average Daily Volume = 1.0 million


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Progressive - PGR - close: 90.08 change: -0.54 stop: 87.49

No change from previous update.

Picked on March 07 at $ 89.20
Change since picked: + 0.88
Earnings Date 04/21/05 (unconfirmed)
Average Daily Volume = 770 thousand


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Red Robin Burger - RRGB - close: 49.74 chg: +0.50 stop: 43.99

No change from previous update.

Picked on March 10 at $ 48.00
Change since picked: + 1.74
Earnings Date 02/14/05 (confirmed)
Average Daily Volume = 199 thousand


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Texas Industries - TXI - cls: 65.15 chg: -0.16 stop: 63.49

No change from previous update.

Picked on January 09 at $ 60.18
Change since picked: + 4.97
Earnings Date 12/16/04 (confirmed)
Average Daily Volume = 238 thousand

Put Updates

Allergan - AGN - close: 72.31 chg: -0.43 stop: 76.05

No change from previous update.

Picked on March 13 at $ 73.09
Change since picked: - 0.78
Earnings Date 04/29/05 (unconfirmed)
Average Daily Volume = 777 thousand

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Apollo Group - APOL - close: 74.33 chg: +1.24 stop: 78.01

An overly bullish reaction to a 10-K filing by CECO helped spur all the education stocks higher. Thus on a day when APOL should have been breaking down to new lows and hitting our target the stock shot higher only to fail again at its descending trendline of resistance.

Picked on January 23 at $ 77.61
Change since picked: - 3.28
Earnings Date 12/16/04 (confirmed)
Average Daily Volume = 2.4 million

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Google Inc - GOOG - close: 175.60 chg: -3.01 stop: 185.01

No change from previous update.

Picked on March 10 at $179.49
Change since picked: - 3.89
Earnings Date 02/01/05 (confirmed)
Average Daily Volume = 10.9 million

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Ishares Dow Jones US Energy - IYE - cls 74.60 chg: -0.28 stop: 80.01

No change from previous update.

Picked on March 09 at $ 76.25
Change since picked: - 1.65
Earnings Date 00/00/00 (unconfirmed)
Average Daily Volume = 124 thousand

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Cheniere Energy - LNG - close: 71.01 chg: -0.89 stop: 75.01

No change from previous update.

Picked on March 11 at $ 69.49
Change since picked: + 1.52
Earnings Date 03/10/05 (confirmed)
Average Daily Volume = 517 thousand


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Mcgraw Hill Cos - MHP - close: 88.16 chg: -0.24 stop: 90.21

No change from previous update.

Picked on March 15 at $ 88.40
Change since picked: - 0.24
Earnings Date 04/26/05 (unconfirmed)
Average Daily Volume = 751 thousand


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Millipore - MIL - close: 43.73 chg: -0.69 stop: 46.05

Wednesday's market sell-off was enough to push MIL through the $44.00 level and below the short-term trend line of support. This looks like a confirmation of the bear-flag pattern. MIL has traded below our entry point at $43.95 so the play is now open.

Picked on March 16 at $ 43.95
Change since picked: - 0.22
Earnings Date 04/19/05 (unconfirmed)
Average Daily Volume = 358 thousand


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Oil Service Holders - OIH - close: 94.25 chg: -0.20 stop: 100.01

No change from previous update.

Picked on March 09 at $ 96.10
Change since picked: - 1.85
Earnings Date 00/00/00 (unconfirmed)
Average Daily Volume = 3.1 million

Dropped Calls

Ingersoll-Rand - IR - cls: 83.02 chg: -0.76 stop: 82.49

A triple-digit loss in the Dow Industrials is bad enough but IR also announced that the SEC is asking for information on IR's involvement in any U.N. oil-for-food programs. Investors did not respond well and the stock dipped early after the opening bell. Shares traded below our stop loss at $82.49 before bouncing. While IR is currently still above minor support at the $82 level we would avoid any bullish positions until IR traded back above the $85.25 level.

Picked on February 27 at $ 83.00
Change since picked: + 0.02
Earnings Date 02/01/05 (confirmed)
Average Daily Volume = 1.1 million

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Wellpoint - WLP - close: 119.57 chg: -1.18 stop: 119.99

Another down day in the markets was not what WLP needed and the stock broke down through its 50-dma and the $120 level. We have been stopped out at $119.99.

Picked on March 06 at $126.88
Change since picked: - 7.31
Earnings Date 04/20/05 (unconfirmed)
Average Daily Volume = 2.1 million

Dropped Puts

Career Education - CECO - close: 36.35 chg: +3.61 stop: 37.51

Whoa! Maybe it was a short squeeze or someone got excited about the company's comments at the Credit Suisse First Boston conference today. One Reuters article suggested that investors are responding to comments in CECO's 10-K filing it issued today stating that the government's investigation into its accounting and business practices was nearing an end. Whatever the case the stock soared and pierced technical resistance at its 100-dma and 200-dma on an intraday basis. This was enough to hit our stop loss at $37.51.

Picked on February 22 at $ 34.90
Change since picked: + 1.45
Earnings Date 02/15/05 (confirmed)
Average Daily Volume = 2.1 million
 

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