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Call Updates

Cleveland Cliffs - CLF - cls: 78.27 chg: -2.57 stop: 74.49

Shares of CLF hit some profit taking today but it looks like traders were buying the dip this afternoon as CLF neared the $76.25 level. Look for the bounce to continue back over the $80.00 level before considering new positions.

Picked on March 21 at $ 77.06
Change since picked: + 1.21
Earnings Date 02/16/05 (confirmed)
Average Daily Volume = 1.2 million

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Parker-Hannifin - PH - close: 66.49 change: -0.93 stop: 63.99

Conservative traders may want to consider an exit now that PH has broken down under minor support at the $67 level and its 50-dma. We still see additional support at its two-month trendline of higher lows and the 200-dma's near the $65.00 level. It is true that the MACD has rolled over into a sell signal, which should put traders on their guard. We would not suggest new bullish positions until we saw a significant bounce from the $65.00 area.

Picked on March 03 at $ 68.11
Change since picked: - 1.62
Earnings Date 01/18/05 (confirmed)
Average Daily Volume = 1.0 million

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Red Robin Burger - RRGB - cls: 49.28 chg: +0.41 stop: 44.99

No change from previous update. RRGB was started with an "out perform" rating by an analyst firm this morning.

Picked on March 10 at $ 48.00
Change since picked: + 1.28
Earnings Date 02/14/05 (confirmed)
Average Daily Volume = 199 thousand
 

Put Updates

Allergan - AGN - close: 70.95 chg: +0.06 stop: 76.05

No change from previous update.

Picked on March 13 at $ 73.09
Change since picked: - 2.14
Earnings Date 04/29/05 (unconfirmed)
Average Daily Volume = 777 thousand

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Apollo Group - APOL - close: 73.13 chg: -1.13 stop: 76.75

Once again APOL is testing support at the $73.00 level. Conservative traders may want to consider exiting here.

Picked on January 23 at $ 77.61
Change since picked: - 4.48
Earnings Date 03/29/05 (confirmed)
Average Daily Volume = 2.4 million

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Beazer Homes - BZH - close: 51.81 chg: +0.05 stop: 54.01

As previously discussed BZH began trading split adjusted for its 3-for-1 stock split today. Double check your options symbols with your broker.

Picked on March 17 at $ 51.43
Change since picked: + 0.38
Earnings Date 01/27/05 (confirmed)
Average Daily Volume = 742 thousand

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Google Inc - GOOG - close: 178.98 chg: +0.38 stop: 185.01

No change from previous update.

Picked on March 10 at $179.49
Change since picked: - 0.51
Earnings Date 02/01/05 (confirmed)
Average Daily Volume = 10.9 million

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Cheniere Energy - LNG - close: 66.70 chg: -1.39 stop: 72.01 *new*

LNG dipped to the $64.00 level early this morning before dip-buyers stepped in to push the stock higher. Volume was pretty heavy on the decline at over twice the average daily volume. Unfortunately shares began to bounce late in the session and the oil refinery explosion in Texas today is likely to push oil-related equities higher tomorrow. Look for LNG to bounce back toward the $70.00 level. A failed rally at $70.00 could be used as a new entry point. We are lowering our stop loss to $72.01.

Picked on March 11 at $ 69.49
Change since picked: - 2.79
Earnings Date 03/10/05 (confirmed)
Average Daily Volume = 517 thousand

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Intl Bus. Mach. - IBM - close: 89.50 chg: -0.01 stop 92.15

IBM bounced back over the $90.00 level and its 200-dma on Wednesday but the rally failed near previous support now new resistance at the $91 level. Look for IBM to trade back under $90.00 as a new bearish entry point.

Picked on March 17 at $ 89.86
Change since picked: - 0.36
Earnings Date 04/14/05 (unconfirmed)
Average Daily Volume = 4.8 million

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Mcgraw Hill Cos - MHP - close: 88.39 chg: +0.59 stop: 90.21

No change from previous update.

Picked on March 15 at $ 88.40
Change since picked: - 0.01
Earnings Date 04/26/05 (unconfirmed)
Average Daily Volume = 751 thousand

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Millipore - MIL - close: 44.46 chg: +0.81 stop: 46.05

Hmm... we cannot see what caused the rally in shares of MIL today. The stock added 1.85 percent but the rally stalled under the $45.00 level and its 50-dma. Look for shares to trade back under the $44.00 level before considering new positions.

Picked on March 16 at $ 43.95
Change since picked: + 0.51
Earnings Date 04/19/05 (unconfirmed)
Average Daily Volume = 358 thousand

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Pacificare Health - PHS - close: 58.10 chg: -0.66 stop: 62.01

No change from previous update.

Picked on March 20 at $ 59.04
Change since picked: - 0.94
Earnings Date 04/28/05 (unconfirmed)
Average Daily Volume = 1.1 million

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Toll Brothers - TOL - close: 76.00 chg: -0.85 stop: 81.50

No change from previous update.

Picked on March 17 at $ 76.81
Change since picked: - 0.81
Earnings Date 02/23/05 (confirmed)
Average Daily Volume = 2.1 million
 

Dropped Calls

None
 

Dropped Puts

None
 

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