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Call Updates

AmerisourceBergen - ABC - close: 67.35 change: -0.52 stop: 63.85

ABC is still pulling back as we expected. We are watching for a bounce now near $66.50 or at its 10-dma near 66.80.

Picked on June 13 at $ 65.57
Change since picked: + 1.78
Earnings Date 07/21/05 (unconfirmed)
Average Daily Volume = 1.3 million 

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Ashland Inc - ASH - close: 70.49 chg: +1.15 stop: 66.99

ASH is showing some relative strength today with a 1.65 percent rebound from its dip yesterday to the $69.00 level. Volume was above average on today's gain. If you missed the entry point yesterday this still looks like a good spot today. Our target is the $74.75-75.25 range but we do not plan on holding over ASH's July earnings report.

Picked on June 16 at $ 70.05
Change since picked: + 0.44
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume = 1.1 million 

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Chubb Corp - CB - close: 85.25 change: -0.80 stop: 82.49

CB isn't moving very fast. The churning up and down does have an upward bias. Our target remains the $89.50-90.00 range. 

Picked on June 10 at $ 85.05 
Change since picked: + 0.20
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume = 1.2 million 

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Rockwell Collins - COL - close: 48.36 chg: +0.44 stop: 44.95

Hmm... we're starting to wonder if COL is building support near $47.50 and its 50-dma. We're still waiting for a dip toward the 100-dma before opening the play but more aggressive traders might want to consider positions on a move over $48.75. 

Picked on May xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/26/05 (unconfirmed)
Average Daily Volume = 800 thousand 

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Cummins Inc - CMI - close: 74.88 change: -0.13 stop: 70.95

No change from our previous update. Our target is the $77.50-80.00 range.

Picked on June 19 at $ 74.03
Change since picked: + 0.85
Earnings Date 07/21/05 (unconfirmed)
Average Daily Volume = 970 thousand 

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Eagle Materials - EXP - close: 93.40 chg: +0.17 stop: 89.49 

It was a relatively volatile day for EXP with the stock hitting a high of $94.35 and a low of 92.62. It looks like EXP had begun to bounce higher from its 10-dma late Wednesday afternoon. 

Picked on June 09 at $ 90.45
Change since picked: + 3.25
Earnings Date 08/03/05 (unconfirmed)
Average Daily Volume = 134 thousand 

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Fording Candn Coal - FDG - cls: 93.27 chg: +2.27 stop: 87.49 *new*

Trading on FDG was temporarily halted this afternoon for news pending. The company announced that it was declaring a cash dividend or in FDG's language a second quarter cash distribution of $2.80 per "unit". When trading resumed the stock continued to climb and by the end of the day it had added 2.49 percent on volume well above the average. Our target is the $97-100 range. We are raising the stop loss to $87.49. 

Picked on June 19 at $ 90.30
Change since picked: + 2.97
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume = 384 thousand 

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St Joe Co - JOE - close: 81.40 change: -0.64 stop: 79.45

JOE did produce a dip toward the $80.50 level near its 10-dma and we would use it as a new bullish entry point. It is true that technical indicators are overbought and look vulnerable but that's why we're using a relatively tight stop loss. 

Picked on June 20 at $ 82.56
Change since picked: - 1.16
Earnings Date 07/20/05 (unconfirmed)
Average Daily Volume = 507 thousand 

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Netease.com - NTES - close: 61.05 chg: +1.35 stop: 55.95 *new*

Wednesday proved to be another bullish session for NTES. The stock added 2.2 percent on above average volume and broke through the $61.00 level. More conservative traders may want to seriously consider exiting here for a profit. Our target is the $62.00-63.00 range. We are raising the stop loss to $55.95. 

Picked on June 13 at $ 57.29
Change since picked: + 3.76
Earnings Date 07/26/05 (unconfirmed)
Average Daily Volume = 752 thousand 

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SLM Corp - SLM - close: 50.95 change: -0.11 stop: 48.95

No change from our previous update.

Picked on June 20 at $ 50.92
Change since picked: + 0.03
Earnings Date 07/14/05 (unconfirmed)
Average Daily Volume = 1.8 million 

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United Technologies - UTX - cls: 52.96 chg: +0.06 stop: 51.80 

No change from our weekend update. If we don't see a move past $53.50 in the next couple of sessions we may close this play early.

Picked on May 23 at $ 53.12
Change since picked: - 0.16
Earnings Date 07/20/05 (unconfirmed)
Average Daily Volume = 4.0 million 

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Wellpoint Inc - WLP - close: 69.98 chg: +0.25 stop: 65.90 

No change from our weekend update. WLP just keeps on creeping higher and hit a new high today at $70.69. Our target is the $74.00-75.00 range.

Picked on June 05 at $ 68.40
Change since picked: + 1.58 
Earnings Date 07/27/05 (unconfirmed)
Average Daily Volume = 3.5 million 

Put Updates

Quality Systems - QSII - cls: 46.37 chg: +0.43 stop: 50.01 

No change from our previous update on 06/21/05.

Picked on June 15 at $ 47.75
Change since picked: - 1.40
Earnings Date 06/13/05 (confirmed)
Average Daily Volume = 330 thousand 

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Semiconductor Holders - SMH - cls: 34.74 chg: +0.24 stop: 35.05

No change from our weekend update. We are not suggesting bearish positions until the SMH trades back under the $34.00 level. 

Picked on June 15 at $ 33.95
Change since picked: + 0.79
Earnings Date 00/00/00 (unconfirmed)
Average Daily Volume = 26.3 million

Dropped Calls

None

Dropped Puts

None

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