Commentary
Sector Watch


Play of the Day
Current Plays
Watch List
New Plays
Play Updates
Drops


Announcements
Current Split Catalog
New Candidates
Candidates Index
Expected Splits
Splits 101


Play Results
Split Predictions


Ask the Trader
Trading 101
Bookstore
Glossary
Dow Charts
FAQ


Splits
SEC Filings
Coming Economic Events
BoD Meetings
Earnings


Chat Room
Message Boards


Email Newsletter
Author Search
Advertise With Us
Change Password
Contact Us

Email Version, Section 1, Tuesday 02/27/2001
The SplitTrader.com Newsletter          Tuesday 02/27/2001 1 of 1
Copyright 2001, All rights reserved.
Redistribution in any form is strictly prohibited.

  - Your World Leader for Trading Stock Splits on the Internet -

Posted online for members at: http://www.SplitTrader.com

To view this email newsletter in HTML format with imbedded
charts and graphs, click here:

http://www.splittrader.com/htmlemail/022701_1.asp
================================================================

In This Newsletter:
===================

Market Commentary - Takin'_Losses Says It's True
Definition of the Day
Tuesday's Split Announcements - TWRI, SBL, CAH, DYII
Wednesday's Expirations
Plays - New - Updates - Drops
Wednesday's Play-of-the-Day - PFGC

==================================================================


Market Commentary
=================

Takin'_Losses Says It's True

A disgruntled Cisco (NYSE:CSCO) investor, Takin'_Losses, just
posted a message that we are going to get a 50-basis point
intra-meeting rate cut, Cisco is going to warn and the NASDAQ
will rally 30% before the end of March.  Heck, this guy must
be a reputable source; yeah right, he's not even using his
real name.

We all know that message boards can be a dangerous, rumor
filled and often-vile place to obtain information.  With the
market as vulnerable as it has been in years, rumors are once
again being taken for absolute truth, which in itself is a
dangerous turn of events.

Case in point, the market has been propped up over the past
two trading days by comments out of former Fed Governor Wayne
Angell who believes the Fed will cut by 50-basis points before
their scheduled meeting.  Way to go Wayne.  As a former Fed
Governor, you of all people should know that the intra-meeting
cut has, and always will be, a way for the Fed to get more
bang for the buck by surprising the market.

As a result of Angell's rumor follies, one of the Fed's best
pieces of ammo against a tanking stock market has been taken
away from it.  With the market actually anticipating an intra-
meeting cut, the surprise is gone and worse yet, it may become
a sell-the-fact event when and if it does happen.

What does Greenspan think of all this?  Of course nobody
really knows, but one can only surmise that the Fed Chief is
good and nervous.  The market, no I take that back, the world
is waiting to see if Greenspan has become a puppet to the
stock market.  While he needs to be attentive to a plummeting
stock market, he cannot come off as being panicky or acting in
response to conjecture from Wayne "I'm No" Angell.

Another rumor that was swirling around the Street today was
that Cisco is due to issue a profit warning.  This rumor must
have hit the market around 2 p.m. EST, as this is precisely
when the giant networking stock sold off.  I stress again,
this is only rumor, but rumors are hurting lately.  With
investors on edge and with most of the news having a negative
bias lately it is easy to see why, rumor or not, investors are
not willing to stick around to find out the truth.

Take away the rumors and you have a market that is selling on
any rallies and is living from economic report to economic
report.

This morning it was the Consumer Confidence numbers that got
the markets off to an edgy start.  The Consumer Confidence
number came in at 106.8 versus last month's figure of 115.7
(the lowest reading in four years).  Expectations were for a
reading of 110.  In addition, we received a lower than
anticipated Expectations Index reading of 68.7 versus the
previous reading of 79.3.  While these numbers confirm that
the consumer is indeed nervous and has low expectations for
the future, these readings still do not coincide with consumer
spending figures, which show that the consumer is still
spending money.

With Greenspan publicly admitting that the biggest part of an
economic recovery is in the hands of the consumer, this
Consumer Confidence reading takes on additional weight in that
it may have a baring on whether the Fed cuts now or later, and
by how much.  Speaking of reports, the market will be
anxiously awaiting Thursday's release of the NAPM, a measure
of economic activity at the factory level.  Economists are
looking for a slight recovery from 41.2% to 41.8% in February.

Today's Markets

It was another Fed member, Fed Vice Chairman Roger Ferguson,
not Greenspan that stole the spotlight today.  Ferguson made
some comments this afternoon that hinted that although
consumer confidence was low, it is not at levels that justify
immediate action.  This was all it took to squash the high
levels of optimism injected by Angell earlier in the week.

The NASDAQ (COMPX) notched another new closing-low for the
year, having lost 100.68, or 4.36% during today's session to
finish at 2207.82.  The NASDAQ has not closed at this level
since December of 1998 and is now down 57% from its March 2000
intraday highs.  Most of its large cap generals continued to
snowball lower, with Cisco down $2.06 to $24.00, JDS Uniphase
(NASDAQ:JDSU) down $4.81 to $27.81 and Broadcom (NASDAQ:BRCM)
down $9.38 to $53.63.  These prices mark new 52-week lows in
each case and are indicative of the mood in high tech.  The
only positive to take away from today's action was that volume
was light at only 1.8 billion shares traded.

Things were not much better over in the DOW (INDU).  The old
economy average closed down 5.65 to 10636.88 after having been
in positive territory for much of the afternoon.  Helping to
prop up the DOW were shares of United Technologies (NYSE:UTX),
which rose $1.20 to $79.65 and also shares of Phillip Morris
(NYSE:MO), which rallied $1.76 to $48.26.

Over in the treasuries arena, bonds took flight and yields
plummeted, as traders anticipate more rate cuts out of the
Fed.  The 10-year note rose 22/32 to yield 4.95% and the 30-
year bond rallied 1 13/32 to yield 5.35%.

Stocks and Sectors on the Move

The few pockets of strength today were seen in tobacco,
defense and to some extent the banks.  The AMEX Bank Index
(BIX.X) rose 5.46 on the heels of sharply lower short-term
bond yields.  Some winners within the sector included Wells
Fargo (NYSE:WFC) up $0.49 to $50.07, Bank of America
(NYSE:BAC) up $0.45 to $51.43 and Summit Bankcorp (NYSE:SUB)
up $0.59 to $43.29.

It was Goldman Sach's (NYSE:GS) that helped to drag the tech
sector lower by initiating sweeping downgrades across a number
of sectors based upon valuations.  They lowered guidance on
such names as IBM, off $2.71, Hewlett-Packard (NYSE:HWP) off
$1.40, EMC Corp (EMC) off $3.34, Applied Micro Circuits
(NASDAQ:AMCC) off $4.75, PMC Sierra (NASDAQ:PMCS) off $6.56
and Broadcom (NASDAQ:BRCM) off $5.13 among others.

It was also a rough day for Nike (NYSE:NKE).  The stock
swooshed lower by $9.57, or 19.46% after it warned late Monday
that it would substantially miss earnings estimates for its
third-quarter due to weakness in U.S. footwear orders.
Additionally, it blamed its supply chain management program
produced by I2 Technologies (NASDAQ:ITWO) for its problems.
Nike finished at $39.60 and ITWO finished down $7.94 to
$27.56.

Another big downside mover was high-flyer Frontier Airlines
(NASDAQ:FRNT).  The Denver based discount carrier announced
today that it would likely come in with fourth-quarter
earnings of $0.38-$0.48/share, much lower than previous
estimates of $0.59/share.  The airline descended $11.19, or
31.51%, crash landing at $24.31.  It was also downgraded from
"strong buy" to "market perform" by Raymond James.

Turning to the Splittrader Current Play stocks, we have not
been immune from the market downturn but since our rotation to
conservative picks, the list is holding up well.  Moreover, we
have some standouts that are actually advancing amidst the
strong selling pressure seen throughout the rest of the
market.  Performance Food (NASDAQ:PFGC) advanced $0.56 to
$50.56 today and successfully broke out of a double bottom
formation.  International Game Technology (NYSE:IGT) finished
down $0.10 to $54.50 but notched a new intraday high at $55.50
earlier in the day.

Chart of Performance Food Group:



Looking Forward, Always Forward

All eyes and ears will be tuned towards Alan Greenspan's
testimony before the House Financial Services Committee
tomorrow to catch any hint of what he might be doing with
rates.  Although the Fed Chairman is famously tight lipped
about rate moves, the market's precariously fragile state
might be cause for a piece of subtle insinuation on
Greenspan's part.

With optimism of a 2001 second half recovery quickly fading
and with the NASDAQ continuing to make lower lows, it has all
come down to more rate cuts.  The only question is whether or
not the market (or more specifically the institutions) believe
that further cuts will help or if they are positioning
themselves for an extended recession.  If bond yields continue
to fall and bank stocks roll over again, even after further
rate cuts then hold the phone then I believe that we are not
done yet.

Weekly Chart of the 30-yr Bond Yield:



Again, keep on your toes and remain defensive until the
market's mood significantly changes.  Not that we short stocks
on Splittrader, but now is not the time to be considering that
strategy either.  With another rate cut on the way, a short
squeeze could be in the works for many stocks that have
exhibited strong down trends.  Although, the longer the Fed
waits to cut rates, the less of a chance that we will get a
short squeeze pop in the market like we got with the first
surprise rate cut in January.

Craig Seidler
Assistant Editor
www.SplitTrader.com


*************************ADVERTISEMENT*********************
Have you wanted to learn to trade options but didn't know
where to go.  OptionInvestor.com is the place.

Option 101, Ask the Analyst, Trader's Corners all articles
to teach you how.

Learn how to do it.

Get a two week free trial from OptionInvestor.com
http://www.sungrp.com/tracking.asp?campaignid=1683
************************************************************


Definition of the Day
=====================

Retention Rate

The Retention Rate refers to the percentage of net earnings, or
after-tax profits, that are available to be re-invested in the
company after dividends have been distributed to shareholders.

For the complete definition, please go to:
http://members.splittrader.com/glossary/viewglossary.asp?glossaryid=442


Tuesday's Split Announcements
=============================

Tuesday, February 27, 2001, Before the Bell

Vacation Timeshare Leader Announces Stock Split

Before today's opening bell, Trendwest Resorts (Nasdaq:TWRI)
announced the Board of Director's approval of a 3-for-2 stock
split, payable in the form of a 50 percent stock dividend on March
28, 2001. The stock is expected to trade on a split- adjusted
basis on March 29, 2001.

For the complete announcement, please go to:
http://www.splittrader.com/announcements/022701_1.asp

===

Tuesday, February 27, 2001, Before the Bell

Symbol Technologies Authorizes Stock Split and Cash Dividend

Before today's opening bell, Symbol Technologies, Inc. (NSYE:SBL)
announced that the Company's Board of Directors approved a 3-for-
2 stock split on Monday. The 50 percent stock dividend is Symbol
Technologies' sixth split and will be payable on April 16, 2001.

For the complete announcement, please go to:
http://www.splittrader.com/announcements/022701_2.asp

===

Tuesday, February 27, 2001, Before the Bell

Cardinal Health Confirms 20% Earnings Growth;
Declares 3 for 2 Stock Split and 25% Cash Dividend Increase

Before today's opening bell, Cardinal Health, Inc. (NYSE:CAH)
announced a 3-for-2 stock split payable on April 20, 2001. As the
Company's tenth stock split, the number of outstanding shares will
increase to approximately 443 million shares, with the float
rising to 372.3 million.

For the complete announcement, please go to:
http://www.splittrader.com/announcements/022701_3.asp

===

Tuesday, February 27, 2001, After the Bell

Dynacq Announces 2 for 1 Stock Split

After the closing bell, the board of directors of Dynacq
International Inc. (Nasdaq:DYII) announced their approval of a 2-
for-1 stock split, payable in the form of a 100% stock dividend.
All issued common shares held of record as of March 12, 2001 will
be effected by the dividend; the payable date is set for March 16
with shares trading on a split-adjusted basis on March 19.

For the complete announcement, please go to:
http://www.splittrader.com/announcements/022701_4.asp


=======================================
Wednesday's Expirations by Payable Date
=======================================

SEI Investments (SEIC) splits 2:1
Wm. Wrigley Jr (WWY) splits 2:1


*************************ADVERTISEMENT*********************
Why put all your risk into one stock when you can play the
index instead?

Learn how to invest in the OEX, QQQ, and SPX.  Get intraday
market updates, plays, education and daily commentaries by
those who know.

Sign up for a two week free trial and see for yourself at
IndexSkybox.com:
http://www.sungrp.com/tracking.asp?campaignid=1688
************************************************************


=====================
SplitTrader.com Plays
=====================

The PLAY LEGEND:

SplitTrader.com Play Recommendations.

Updates are just that - updates on continuing plays
New plays are brand new for the newsletter.
Closing plays are plays that we feel have lost the advantage.

You will see:
Stock Symbol, Company Name, Closing Price, (change for the week)
Picked at date and Change since picked

Terms:
BoD = Board of Directors meeting
ADV = Average Daily Volume
dma = daily moving average

On the SplitTrader.com website we have very detailed profiles
for the stocks we play.  Please take the time to visit the site
and look up a stock's profile if you are interested in more
information.
================================================================


=========
NEW PLAYS
=========


NEW SPLIT RUN PLAYS 02/27/01
============================

LTR - Loews Corporation $106.40 +3.98 (+7.90)

Loews Corporation is a diversified holding company that provides
property, casualty and life insurance, hotel operation services,
and offshore oil and gas drilling services. The company also
manufactures cigarettes, watches, and clocks. The stock has been
on fire over the past year. Shares of LTR hit a four-year low of
$38.25 last March. On Tuesday, the stock hit an intra-day high of
$106.90, representing a 178% gain and a new three-year high. On
February 20th, the company announced a 2:1 split, payable on March
20th, and we believe that LTR has started its split run. Going
forward, support is the February 16th intra-day high of $105.40
with additional support at Monday's intra-day high of $103.06.
Resistance is the 12/5/97 close of $107.56 and then the 11/21/97
close of $108.50. Traders may consider entry points on a bounce
off of $105.40 or a breakout above $107.56 on volume of at least
225,000 shares by noon. We plan to place stops at $98.50 to limit
potential losses.

Picked on February 27th @ $106.40
Change since picked +0.00
Stop Loss @ $98.50

Chart = 


NEW SPLIT CANDIDATE PLAYS 02/27/01
==================================

BJ - BJ's Wholesale Club $46.49 +0.84 (+1.79)

Our continuing search for stocks that are showing strong earnings
growth coupled with a solid up trend leads us to offer BJ's
Wholesale Club, a discount club retailer.  BJ's, based primarily
in the eastern U.S., has followed the successful model of Costco
(Nasdaq:COST) and Sam's Club.  When BJ reports its earnings on
March 6th (before the market opens) the company is expected to
report profits of $0.75, which would be a healthy increase of
$0.12 over the same quarter a year ago.  The current share price
is likely to entice management to announce a split.  The last
split was announced in February 1999 when the stock was trading at
$43.31.  BJ has been in a solid uptrend since November and today
the stock established another all-time high.  If the stock can
climb above this new high of $46.80 tomorrow on first hour trading
volume over 250,000 shares, momentum traders are encouraged to
jump on board for a split and/or earnings anticipation run.  A new
high would also likely result in a buy signal according to the
MACD.  OBV and Money Flow are as strong.  The 20-DMA provided
excellent support during the last pullback.  This moving average
closed today at $44.06.  Keep in mind, this will be a short-term
play for us.

Picked on February 27th @ $46.49
Change since picked +0.00
Stop Loss @ $44.00

Chart = 


NEW MOMENTUM PLAYS 02/27/01
============================

None


=======
UPDATES
=======


SPLIT RUN PLAY UPDATES 02/27/01
===============================

GVA - Granite Construction Inc. $33.00 -0.44 (-0.07)

Civil construction contractor Granite Construction is once again
facing a challenge that dates back to 1998. That was the first
time the stock attempted to move above $34.00 and now we find the
stock faced with the same nemesis. On Monday, we were elated to
see the volume in GVA soar to 139,000, more than twice its normal
trading volume of 65,000. Unfortunately, on Tuesday, the follow
through never came and volume shrank to 87,000 shares. On
Wednesday, we'll be watching for a change of direction and a move
higher on good volume. GVA is due to split its stock 3:2 on April
13th, the company's third stock split. Ahead of that date, with
the cooperation of the broad market, we are anticipating a split
run from GVA.  Expect resistance February 9 high of $34.40.
Support exists at the 5-dma at $32.57 and then at the 20-dma at
$31.87. Consider opening a new position if GVA bounces off its
support level or continues higher on strong volume, meaning 45,000
traded by midday. We will continue to hold our stop loss position
at $30.50 until further notice.

Picked on February 25th at $33.07
Change since picked -0.07
Stop Loss at $30.50

Chart = 


SPLIT CANDIDATE PLAY UPDATES 02/27/01
=====================================

AYE - Allegheny Energy Inc. $47.75 -0.25 (+0.35)

Demand for electric power is on the upswing in many parts of the
east coast and Allegheny is looking to capitalize. Driven mainly
by population growth, the energy supply in AYE's service region
has begun to dwindle. This has allowed the company to step in and
grab more share of the market. Several acquisitions over the last
12 months have been accretive to the company's earnings.
Meanwhile, AYE fell slightly lower on the day, closing at $47.75.
Volume was significantly weaker than the three-month average and
came in at 396,400 shares traded. We like the fact that volume is
remaining light through the short-term consolidation; however,
it's something that will likely need to improve if AYE to climb
higher. Ideally, what we'd like to see AYE resume its upward
momentum through the 5-dma ($47.83) and break above its all time
high of $49.00, such a move could attract momentum traders to the
stock. So, we'll look for potential entry points when AYE breaks
above $49 on good daily volume above the three-month average of
680,000 shares traded. Support resides at the 10-dma of $47.13.
We'll set our stops at $45.94 to guard against downside weakness.

Picked on February 22nd @ $48.22
Change since picked -0.47
Stop Loss @ $45.94

Chart = 

===

IGT - International Game Technology $54.50 -0.10 (+0.81)

We have not yet hit the jackpot with this play, but good luck
finding a stock with the word technology in its name that is
performing better than IGT.  The company has long been the leader
in the invention, manufacture and management of computerized
casino games.  Moreover, the company is entering a growth phase
that should result in an increase in profits of more than 36% for
2001 versus the 2000.  This type of growth is rare in today's
market and IGT's shares have been under accumulation for the past
several months.  The stock has good trendline support at $53.00.
New positions could be added as long as the stock holds this
support.  Momentum investors may be interested in jumping on board
if IGT can establish another new high above $55.50.  This trade
would be more tempting if it is accompanied by first hour trading
volume over 200,000 shares.  Three of our favorite technical
indicators, the MACD, OBV and Money Flow all point towards
continued gains in the share price of IGT.

Picked on February 20th @ $53.52
Change since picked +0.98
Stop Loss @ $49.50

Chart = 

===

PFGC - Performance Food Group Company $50.56 +0.56 (+0.44)

Food product manufacturer Performance Food Group has posted a
small gain over the past two days. On Tuesday, shares of PFGC
traded to an intra-day high of $50.81 before pulling back to a
close of $50.56 on volume of 118,000 shares. The stock has made
three straight higher highs and its upward trend remains steady.
PFGC was able to break through resistance and close above $50.50
for the first time since December 29th so it could continue to
rally. For now, PFGC has support at Friday's intra-day high of
$50.25 with stronger support at $49.61, the 5-dma. Resistance has
moved up to the December 29th intra-day low of $51.19 and then the
January 31st intra-day high of $53.44. Traders may consider
opening new positions on a bounce off of $50.25 or a move above
$51.19 on volume greater than 100,000 shares by noon. We are
keeping our stops at $47 as downside protection.

Picked on February 25th @ $50.13
Change since picked +0.44
Stop Loss @ $47.00

Chart = 

===

PII - Polaris Industries Inc $47.68 -3.88 (-1.13)

Polaris Industries rocketed to a new high on Monday only to return
to earth today. On Sunday, we picked PII as our play of the day
for Monday.  Those of you who jumped on board weren't
disappointed, as this manufacturer of all-terrain vehicles and
outdoor equipment vaulted to a new 52-week high of $51.65. On
Tuesday, extreme volatility coupled with a downgrade from "buy" to
"neutral" from the investment firm USB Piper Jaffray sent PII
tumbling and all of Monday's gains were lost. The drop was halted
by support, which caught the falling stock at the 20-dma.  The
next level of support is down at the 50-dma at $44.03. Resistance
is once again looming overhead at the 10-dma at $48.36 and then
the half-century mark. If you are considering a new play on PII,
watch for a move through resistance, or a bounce off the 20-dma,
on good volume of 100,000 traded by midday.  We will keep our stop
loss in place just above the 50-dma at $44.88.

Picked on February 13th at $48.70
Change since picked -1.02
Stop Loss at $44.88

Chart = 


MOMENTUM PLAY UPDATES 02/27/01
===============================

BDX - Becton, Dickinson and Co. $35.89 -0.67 (+0.69)

BDX has held its ground despite a scathing report on the company
from 60 Minutes this past Sunday.  Healthcare workers in 11 states
have filed a class action suit against BDX, the largest supplier
of hypodermic needles, claiming that the company should do more to
protect them from accidentally contracting diseases following
needle pricks.  BDX has officially stated that it challenges the
class action status of the suit and it will "vigorously" defend
itself against the allegation.  Despite the bad news, BDX appears
to have developed some pretty good support at $35.00 by trading to
that level and bouncing on Friday and Monday.  A move above $36.85
on midday volume over 700,000 shares would likely be a good place
to enter a position in anticipation of a move to test the 52-week
high of $39.25.  Down days continue to be accompanied by less
volume than up days, which is helping the Money Flow and OBV to
remain strong.  The recent pullback has allowed the RSI to settle
into neutral territory, which gives the stock plenty of upside
potential before becoming overbought.

Picked on February 11th @ $37.03
Change since picked -1.14
Stop Loss @ $34.50

Chart = 

===

BVF - Biovail Corporation $44.42 -1.19 (+0.25)

Biovail is having trouble breaking through resistance at $46.15.
Shares of the controlled-release drug developer traded to an
intra-day high of $46.08, but it could not hold on to the gains.
The stock finished the session at $44.42 on heavy volume of 1.9
million shares. BVF remains locked in the $42-$46 range as the
market searches for direction. Unfortunately, the upward trend is
flattening and the stock has violated the 20-dma in three of the
past four sessions. From a technical standpoint, support is
holding steady at Friday's intra-day low of $43 with additional
support at the February 14th intra-day low of $42. Resistance has
moved up to the February 12th intra-day high of $46.15 and then
the February 13th intra-day high of $47.35. A bounce off of $43 or
a move above $46.15 on midday volume of at least 400,000 shares
may be possible entry points. We are leaving our stops at $41.50
to limit potential losses.

Picked on February 12th @ $46.15
Change since picked -1.73
Stop Loss @ $41.50

Chart = 

===

ELY - Callaway Golf Corporation $23.95 -0.75 (-0.04)

Callaway is charging ahead in all facets of its game, which has
clearly pulled its stock above par. Revenues for the company are
expected to climb to $900 million for 2001, while profit margins
are expected to rise from 40% to 50%. ELY is also projecting its
earnings to come in at $1.55 a share, a 35% improvement over 2000.
Shares of ELY rallied to a new 52-week high of $25 on Tuesday, but
were met with formidable selling at this peak. Descending to lower
levels after this high, ELY recovered from an intraday low of
$23.61 to close at $23.95, down 3.30%. Volume came in at 1,089,500
shares traded, which was more than double the three-three month
average. This could send up a red flag if ELY begins to trend
lower.  Still, the bigger trend still shows healthy readings in
both the MACD and OBV indicators. This gives us confidence that
ELY has yet to finish its run. So, as it now stands, we'll look
for the initial test to come at today's high of $25. A closing
above this level could clear the stock for a run to $30. Entry
points should come when AYE shares moves through resistance on
300,000 shares traded by noon EST or on a reversal from support at
the 10-dma of $23.09. We'll keep our stops firm at $20.00.

Picked on February 25th @ $23.99
Change since picked -0.04
Stop Loss @ $20.00

Chart = 

===

LMT - Lockheed Martin Corp. $38.00 +0.02 (+1.05)

Lockheed Martin, a leading aerospace contractor, continues to
trend higher on solid volume. On Monday, shares of LMT hit an
intra-day high of $38.01 just before the closing bell. Volume has
been heavy over the past two weeks, as the stock trades to 52-week
highs. The upward trend remains very healthy and LMT appears to be
on a slow and steady path to its all-time high. In the meantime,
support has come in at Tuesday's intra-day low of $37.42 with
stronger support at $36.97, the 10-dma. Resistance is now up the
February 21st intra-day high of $38.25 and then the 8/26/99 intra-
day high of $39. Traders should be looking for a bounce off of
$37.42 or a breakout above $38.25 on midday volume greater than
800,000 shares before starting new plays. Our stops remain at $35
as downside protection.

Picked on February 4th @ $36.40
Change since picked +1.60
Stop Loss @ $35.00

Chart = 

===

TX - Texaco, Inc $64.07 +1.02 +1.02

Texaco shrugged off a downgrade from Prudential Securities and
moved higher today. On Tuesday, right at the open of trading, TX
moved higher and fought to hold its gains all throughout the day.
Intra-day, TX traded as high as $64.43 before it eased back into
the close. The trading volume for the day came in below the
average at 1.5 million shares. Normally, TX trades about 1.8
million based on a three-month cumulative average. This momentum
play looks like it might be gearing up for another run at a new
high. Currently, TX has a 52-week high of $65.65 that was achieved
on February 16th. Looking to the rest of the week, we'd like to
see resistance at $65.00 conquered on 1 million shares traded by
mid-day.  Support is marked at the 10-dma at $64.00 and then back
at the 20-dma at $63.17. When considering a new play on TX, look
for support in the Dow Jones Industrial Average (INDU) and the Oil
Service Index (OSX.X). We will keep our stop loss on this play at
$61.88.

Picked on February 18th at $64.90
Change since picked -0.83
Stop Loss at $61.88

Chart = 


=====
DROPS
=====


SPLIT RUN PLAY DROPS 02/27/01
=============================

None


SPLIT CANDIDATE PLAY DROPS 02/27/01
===================================

None


MOMENTUM PLAY DROPS 02/27/01
=============================

None


WEDNESDAY'S PLAY-OF-THE-DAY
===========================

Tuesday, February 27, 2001
=============================

PFGC - Performance Food Group $50.56 +0.56 (+0.44)

Tuesday's Comment:

Food product manufacturer Performance Food Group continues to
buck the market trend.  On Tuesday, shares of PFGC traded to an
intra-day high of $50.81 before pulling back slightly to close at
$50.56 on volume of 118,000 shares. The stock has made three
straight higher highs, meaning its long-term upward trend remains
firmly in tact. What's more, PFGC was able to break through
resistance today to close above $50.50 for the first time since
December 29th, so the rally could very well continue tomorrow.
For now, PFGC has support at Friday's intra-day high of $50.25
with stronger support at $49.61, the 5-dma. Resistance has moved
up to the December 29th intra-day low of $51.19 and then the
January 31st intra-day high of $53.44. Traders may consider
opening new positions on a bounce off of $50.25 or a move above
$51.19 on volume greater than 100,000 shares by noon. We are
keeping our stops at $47 as downside protection.

Picked on February 25th @ $50.13
Change since picked +0.44
Stop Loss @ $47.00

Chart = 


************************Advertisement*************************
Get 10 FREE Issues of Investor's Business Daily, the research
tool for self directed investors.
http://www.sungrp.com/tracking.asp?campaignid=1674
**************************************************************


================================================================
Contact Us!
Send questions or comments to:  stcomments@splittrader.com

To stop receiving this SplitTrader Update,
send email to:  removeST@splittrader.com
=================================================================

DISCLAIMER
==========

This newsletter is a publication dedicated to the education
of online stock traders. The newsletter is an information
service only. The information provided herein is not to be
construed as an offer to buy or sell securities of any kind.
The newsletter picks are not to be considered a recommendation
of any stock but an information resource to aid the investor
in making an informed decision regarding how to trade stock
splits. It is possible at this or some subsequent date, the
editors and staff of SplitTrader.com may own, buy or sell
securities presented. All investors should consult a qualified
professional before trading in any security. The information
provided has been obtained from sources deemed reliable but is
not guaranteed as to accuracy or completeness.  SplitTrader.com
staff makes every effort to provide timely information to its
subscribers but cannot guarantee specific delivery times due
to factors beyond our control.

 


Copyright 2001 SplitTrader.com

Do not duplicate or redistribute in any form.
Privacy Statement   Disclaimer   Terms Of Service