07/19/2007 11:00PM

Sandys Gold formidable

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Martins Point and Satan's Code, the winners of the last two runnings of the $60,000 Punch Line Stakes at Colonial Downs, are back in the lineup for this year's edition of the five-furlong turf sprint for Virginia-bred or Virginia-sired horses. Neither one, however, is likely to be favored.

Since winning the 2005 Punch Line, the now 9-year-old Satan's Code has lost 11 straight races and was not the least bit competitive in his most recent start against $7,500 starter allowance foes at Penn National.

Martins Point, 4, has gone 0 for 14 since winning last year's Punch Line and has been beaten 10 or more lengths in three of his last four starts.

Sandys Gold, who finished fourth as the favorite in the 2006 Punch Line, owns the best recent turf sprint form in the field. He won a minor stakes at Atlantic City in early May and most recently finished third in a rapidly run overnight turf sprint stakes at Delaware Park.

Power Jeans is also in good form, but about 10 points slower on the Beyer scale than Sandys Gold. He drops into restricted company for the first time after two good efforts, including a win, against open allowance runners.