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Call Updates

PalmOne - PLMO - close: 25.38 chg: +0.30 stop: 23.25

No change from previous update.

Picked on March 23 at $ 25.71
Change since picked: - 0.33
Earnings Date 03/17/05 (confirmed)
Average Daily Volume = 3.2 million

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Red Robin Burger - RRGB - cls: 50.91 chg: +0.35 stop: 44.99

If you're following the headlines you'd notice that RRGB delayed its filing of its 10-K yesterday to "further review" how it accounts for leases, which has been a common issue for several retail business lately (source: Reuters). Unfortunately, after the closing bell on Thursday the company announced that it had received a potential delisting notice from the NASDAQ for the 10-K delay. The stock sank to $48.60 afterhours but at the time of this update shares were trading back north of $50 again. Expect some volatility tomorrow.

Picked on March 10 at $ 48.00
Change since picked: + 2.91
Earnings Date 02/14/05 (confirmed)
Average Daily Volume = 199 thousand
 

Put Updates

Allergan - AGN - close: 69.47 chg: -0.62 stop: 72.51 *new*

Good news! AGN continues to sink and shares have closed under round-number, psychological support at the $70.00 mark. The stock is within $2 of our $67.50 target. Readers can prepare to exit. We are lowering our stop loss to $72.51.

Picked on March 13 at $ 73.09
Change since picked: - 3.62
Earnings Date 04/29/05 (unconfirmed)
Average Daily Volume = 777 thousand

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Beazer Homes - BZH - close: 49.86 chg: +0.16 stop: 54.01

BZH bounced a bit from yesterday's rebound off the 100-dma but today's bounce failed to hold over the $50.00 mark. Remember that our target is the $48.00-46.50 range. In the news the company confirmed its earnings release date as April 28th.

Picked on March 17 at $ 51.43
Change since picked: - 1.57
Earnings Date 04/28/05 (confirmed)
Average Daily Volume = 742 thousand

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Google Inc - GOOG - close: 180.51 chg: +0.06 stop: 185.01

It was a relatively low-volatility day for GOOG. UBS came out with concerns that GOOG's capex spending could be higher than expected. The INX Internet index didn't move much today and neither did GOOG. We remain bearish but we're still looking for a drop under $177 before initiating new bearish positions.

Picked on March 10 at $179.49
Change since picked: + 1.02
Earnings Date 02/01/05 (confirmed)
Average Daily Volume = 10.9 million

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Intl Bus. Mach. - IBM - close: 91.38 chg: +0.70 stop 92.15

Big Blue is showing some strength today but the stock remains under resistance at the $92.00 level. We continue to suggest readers wait for a drop under $90.00 before considering new bearish positions. Don't forget that we're running low on time as IBM's earnings report should be here in the next two or three weeks.

Picked on March 17 at $ 89.86
Change since picked: + 1.52
Earnings Date 04/14/05 (unconfirmed)
Average Daily Volume = 4.8 million

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MGM Mirage - MGG - close: 70.82 chg: +0.02 stop: 72.51

No change from previous update. Our trigger to go short/buy puts is $68.75.

Picked on March xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 05/01/05 (unconfirmed)
Average Daily Volume = 997 thousand

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Mcgraw Hill Cos - MHP - close: 87.25 chg: -0.64 stop: 90.21

No change from previous update.

Picked on March 15 at $ 88.40
Change since picked: - 1.15
Earnings Date 04/26/05 (unconfirmed)
Average Daily Volume = 751 thousand

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Millipore - MIL - close: 43.40 chg: -0.19 stop: 46.05

No change from previous update.

Picked on March 16 at $ 43.95
Change since picked: - 0.56
Earnings Date 04/19/05 (unconfirmed)
Average Daily Volume = 358 thousand

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Pacificare Health - PHS - close: 56.92 chg: -1.70 stop: 62.01

No real change here although PHS did decline 2.9 percent to close at a new 2 1/2 month low. Shares are testing potential support at its 100-dma.

Picked on March 20 at $ 59.04
Change since picked: - 2.12
Earnings Date 04/28/05 (confirmed)
Average Daily Volume = 1.1 million

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Toll Brothers - TOL - close: 78.85 chg: +1.75 stop: 80.51

No real change here either. We've been expecting a bounce back toward $80.00. More conservative traders may want to wait for a drop back under $76 before considering positions.

Picked on March 17 at $ 76.81
Change since picked: + 2.20
Earnings Date 02/23/05 (confirmed)
Average Daily Volume = 2.1 million
 

Dropped Calls

Amer. Intl Grp - AIG - cls: 55.41 chg: -1.75 stop: 55.95

Hmm.. looks like we were right on yesterday with AIG's failure to produce any follow through on its bullish reversal. This morning the company had its credit rating reduced and management admitted to improper accounting practices. If the stock wasn't already so oversold we would have expected a bigger decline. Shares lost three percent and traded through our stop loss at $55.95.

Picked on March 29 @ $ 58.01
Change since picked: - 2.60
Earnings Date 04/21/05 (unconfirmed)
Average Daily Volume = 9.2 million
 

Dropped Puts

None

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