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Call Updates

Red Robin Burger - RRGBE - cls: 51.75 chg: +0.56 stop: 49.49

No change from previous update on 04/12/05. RRGB is showing a lot of relative strength here.

Picked on March 10 at $ 48.00
Change since picked: + 3.85
Earnings Date 02/14/05 (confirmed)
Average Daily Volume = 199 thousand

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Research In Motion - RIMM - cls: 71.33 chg: -3.22 stop: 72.49

No change from previous update on 04/10/05. Our trigger to go long is $78.25.

Picked on April xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/05/05 (confirmed)
Average Daily Volume = 10.1 million

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Whole Foods - WFMI - close: 99.15 chg: -0.97 stop: 98.99

All right! This could be time to abandon ship. The market sell-off helped pull WFMI under round-number support at the $100 level and technical support at the 50-dma. There is still some minor price support near $99.00 and that's why our stop loss is under the $99 level. Conservative traders may just want to exit now anyway. We're going to keep the play open and let our stop do the work for us.

Picked on April 06 at $104.16
Change since picked: - 4.61
Earnings Date 05/03/05 (unconfirmed)
Average Daily Volume = 956 thousand
 

Put Updates

Starbucks - SBUX - close: 46.87 chg: -0.24 stop: 51.75

No change from previous update on 04/11/05.

Picked on April 10 at $ 48.62
Change since picked: - 1.75
Earnings Date 04/27/05 (confirmed)
Average Daily Volume = 4.3 million

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Wynn Resorts - WYNN - cls: 62.16 chg: -2.61 stop: 68.05

No change from our previous update on 04/12/05 and 04/10. Our target remains the $60.50 level.

Picked on April 03 at $ 66.04
Change since picked: - 3.88
Earnings Date 04/29/05 (unconfirmed)
Average Daily Volume = 1.1 million
 

Dropped Calls

Carpenter Tech - CRS - close: 55.79 chg: -4.83 stop: 59.95

It's time to remove CRS from the play list. The big market breakdown was shadowed in shares of CRS, which dropped below support at the $60.00 level and its 100-dma. CRS never traded at or above our trigger to go long at $64.05 so we are closing the play as unopened.

Picked on April xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/25/05 (confirmed)
Average Daily Volume = 334 thousand

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KB Home - KBH - cls: 116.01 chg: -5.09 stop: 117.00

The homebuilders were not spared from the market sell-off on Thursday. The DJUSHB home construction index lost 4.12 percent to breakdown through the bottom of its recent trading range and to breakdown below its 100-dma. Likewise shares of KBH lost 4.2 percent on heavy volume to break big support at its rising 50-dma. We have been stopped out at $117.00.

Picked on April 12 at $122.91
Change since picked: - 6.90
Earnings Date 03/21/05 (confirmed)
Average Daily Volume = 1.4 million
 

Dropped Puts

Allergan - AGN - close: 71.53 chg: +0.98 stop: 72.51

Drug-related stocks saw strength today as investors put their money into old-fashioned safe haven stocks. Shares of AGN rallied midday to the $72.80 level, which was more than enough to hit our stop loss at $72.51. We have been stopped out.

Picked on March 13 at $ 73.09
Change since picked: - 1.56
Earnings Date 04/27/05 (confirmed)
Average Daily Volume = 777 thousand

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Beazer Homes - BZH - close: 46.23 chg: -1.87 stop: 51.01

Target achieved! The homebuilding stocks were hit hard today in the sell-off and BZH lost 3.88 percent. The stock has surpassed our trading range of $48.00-46.50. We are closing the play at the bottom of the range (since BZH hit the top of the range a few days ago).

Picked on March 17 at $ 51.43
Change since picked: - 5.20
Earnings Date 04/28/05 (confirmed)
Average Daily Volume = 742 thousand

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Pacificare Health - PHS - cls: 54.27 chg: -1.78 stop: 60.05

Target achieved. PHS fell below minor support at the $56.00 level and lost 3.17 percent on very heavy volume today. The stock quickly traded into our exit/profit range of $55.00-54.00. We are closing the play at the top of the range.

Picked on March 20 at $ 59.04
Change since picked: - 4.77
Earnings Date 04/28/05 (confirmed)
Average Daily Volume = 1.1 million
 

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