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Call Updates

BP Prudhoe Bay - BPT - close: 75.40 chg: -2.10 stop: 73.99

We are still sitting on the sidelines with BPT. The stock continued to decline with the rest of the energy sector. We're curious to see if shares of BPT will bounce from support near $74.00. Our suggested entry point to buy calls is at $80.11 but we are considering an alternative entry if BPT manages to bounce from its rising 100-dma.

Picked on October xx at $ xx.xx <-- see Trigger
Change since picked: + 0.00
Earnings Date 00/00/00 (unconfirmed)
Average Daily Volume = 175 thousand

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Broadcom - BRCM - close: 47.33 chg: -0.32 stop: 44.49

We are honestly amazed at BRCM's relative strength today. The stock lost a minor 32 cents while the SOX fell 1.37%. While BRCM's strength is encouraging almost every stock will turn lower when the major averages are crashing. We would look for BRCM to test support near the $46.00 level. We're not suggesting new positions at this time.

Picked on September 25 at $ 45.05
Change since picked: + 2.23
Earnings Date 10/21/05 (unconfirmed)
Average Daily Volume = 7.0 million

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Bear Stearns - BSC - close: 106.89 chg: -0.81 stop: 102.49

BSC actually rallied higher for most of the session before falling sharply in the last two hours of trading. We are not suggesting new plays at this time. Readers can watch for potential support at the 10-dma (106.70) or at the $106.00 level, where we have been suggesting BSC might bounce.

Picked on October 02 at $109.75
Change since picked: - 2.86
Earnings Date 09/15/05 (confirmed)
Average Daily Volume = 1.2 million

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Cardinal Health - CAH - close: 62.65 chg: -0.97 stop: 59.85

CAH was not exempt from the profit taking today and shares look poised to test minor support at the $62.00 level. If $62 breaks the next level is support near $61 from two weeks ago.

Picked on September 25 at $ 61.95
Change since picked: + 0.76
Earnings Date 11/04/05 (unconfirmed)
Average Daily Volume = 2.0 million

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Cameco Corp - CCJ - close: 53.00 chg: -2.02 stop: 49.49

The market-wide sell-off certainly sparked some profit taking in CCJ. Shares lost 3.6% on strong volume. The stock is still trading with a bullish trend of higher lows... but more conservative traders may want to seriously consider exiting early right here to minimize any losses.

Picked on September 18 at $ 53.30
Change since picked: - 0.30
Earnings Date 11/01/05 (unconfirmed)
Average Daily Volume = 862 thousand

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Cigna - CI - close: 116.05 change: -3.25 stop: 111.49

Today's action in CI should not come as a surprise. We've been suggesting that CI will pull back from resistance at the $120 level for a few days now. The $116 level did hold up as support and the real question will be if this level can hold up tomorrow. If the $116 level breaks down then the simple 50-dma near 113.40 is CI's next level of support.

Picked on September 29 at $116.51
Change since picked: - 0.46
Earnings Date 11/02/05 (unconfirmed)
Average Daily Volume = 991 thousand

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Harman Intl - HAR - close: 101.34 chg: -1.29 stop: 98.99

Shares of HAR are still hanging in there. The stock did see some weakness today but not as bad as it could have been. We would expect the stock to retest the $100.00 level as round-number support soon. We are not suggesting new plays at this time.

Picked on October 03 at $102.39
Change since picked: - 1.05
Earnings Date 10/19/05 (unconfirmed)
Average Daily Volume = 720 thousand

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Intuitive Surg. - ISRG - close: 72.82 chg: -2.33 stop: 70.99

Our more conservative readers may want to consider an early exit here too. ISRG has been somewhat volatile lately and it now looks poised to test technical support at the 50-dma near $72.25 soon.

Picked on September 28 at $ 75.11
Change since picked: - 2.37
Earnings Date 10/24/05 (unconfirmed)
Average Daily Volume = 962 thousand

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Altria Group - MO - close: 74.08 change: -0.08 stop: 69.90

MO is still showing relative strength but if shares do succumb to the market weakness we would expect the $73 level to act as the first level of support.

Picked on September 18 at $ 73.14
Change since picked: + 0.94
Earnings Date 10/19/05 (unconfirmed)
Average Daily Volume = 6.7 million
 

Put Updates

Black & Decker - BDK - close: 78.85 chg: -2.59 stop: 83.05*new*

BDK showed its true colors today and broke down under support at the $80.00 level on big volume. The stock looks poised to hit our target in the $78.00-77.00 range soon. Readers can prepare to exit. We are lowering the stop loss to $83.05.

Picked on September 14 at $ 83.31
Change since picked: - 4.46
Earnings Date 10/25/05 (unconfirmed)
Average Daily Volume = 636 thousand

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Ryland Group - RYL - close: 64.26 chg: -1.79 stop: 68.75

Homebuilding stocks got whacked again as Wall Street reacted to inflation fears. The DJUSHB index lost another 3.2% today. Shares of RYL turned lower as well with a 2.7% decline on strong volume. The move to $65.70 (our trigger) this morning opened the play for us. Our target is the $60.50-60.00 range. Please see Tuesday's play description for more details.

Picked on October 05 at $ 65.70
Change since picked: - 1.44
Earnings Date 10/18/05 (confirmed)
Average Daily Volume = 1.0 million
 

Dropped Calls

None
 

Dropped Puts

None
 

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