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PLAY >New Drops Sunday, December 17, 2000
New Split Drops   New Candidate Drops   New Momentum Drops
(We update our stop losses daily at the CURRENT PLAYS page.)

New Split Drops

SYY - Sysco Corporation $55.00 (-0.63)

Sysco Corporation was stuck in a tight trading range on Friday. Shares of SYY traded to an intra-day high of $55.25 before pulling back to close at $55 on heavy volume of 1.9 million shares. We exited SYY at the closing bell on Friday because the shares are due to split Monday.


Picked on November 9th @ $53.94
Profit/Loss = +0.86 (+2%)(Friday's Close) 
Best Profit = +4.75 (+9%)
 
Interactive Chart Quote News Zacks on SYY
 

New Candidate Drops

CEFT - Concord EFS $42.13 (-4.12)

With all the downgrades and earnings warnings from large institutions like J.P. Morgan (JPM) and Bank of America (BAAC), CEFT just couldn't stand up against the selling pressure. Friday's volume of 4.72 million shares was just more than two times the ADV. Our stop was executed during this recent downdraft. We still believe that CEFT is a solid split candidate. If history repeats itself, CEFT's stock will bounce off the 50-DMA and establish a new high. We will continue to monitor this stock and hopefully we can catch a more advantageous move next time.


Picked on December 10th @ $46.25
Profit/Loss -4.25 (9%) (Stopped on Friday @ $42.00)
Best Profit +0.19 (1%)
 
Interactive Chart Quote News Zacks on CEFT
 

New Momentum Drops

No New Momentum Drops

Drops Index

 


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