|
 |
Email Version, Section 2, Sunday, 04/23/2000
The SplitTrader.com Candidate Newsletter Sunday 04/23/2000 1 of 1
Copyright 2000, 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
The entire newsletter is best viewed in COURIER 10 for alignment
==================================================================
To stop receiving this SplitTrader Update,
send email to removeST@splittrader.com
==================================================================
In This Candidate Newsletter:
=============================
New Split Candidates
Successful Announcement Predictions for the Past Week
Expected/Likely Announcements for the Coming Week
Reader's Write
Candidate Play-of-the-Day - AMD
Split Candidate Plays - New - Updates - Drops
==================================================================
New Split Candidates 4/17 - 4/20
================================
SplitTrader.com strives to be the very best at identifying
profitable split candidates. Every week we will list those whom
have made the cut. You can view the details of these new
candidates by checking out the complete profile for each stock at
the www.SplitTrader.com website.
SYMB COMPANY NAME
===========================
ANAD ANADIGICS INC
COHR COHERENT INC
DYN DYNEGY INC
GM GENERAL MOTORS
KEM KEMET CORP
MMC MARSH & MCLENNAN
MMM MINNESOTA MINING
MTX MINERALS TECH
SPW SPX CORP
SSTI SILICON STORAGE
VSH VISHAY INTERTECH
WLA WARNER-LAMBERT
XOM EXXON MOBIL
=====================================================
Successful Announcement Predictions for the Past Week
=====================================================
Symbol Company Date Announced
=================================================
AAPL APPLE COMPUTER 4/19/2000
TXN TEXAS INSTRUMENTS 4/20/2000
=================================================
Expected/Likely Announcements for The Coming Week
=================================================
Date Expected
Symbol Company To Announce*
=================================================
ADBE ADOBE SYS 4/26/2000
AGN ALLERGAN INC 4/26/2000
BRKS BROOKS AUTOMATN 4/26/2000
CDWC CDW COMPUTER 4/25/2000
CHV CHEVRON CORP 4/26/2000
COHR COHERENT INC 4/25/2000
COHU COHU INC 4/27/2000
DYN DYNEGY INC 4/25/2000
GLW CORNING INC 4/24/2000
LXK LEXMARK INTL 4/24/2000
MMM MINNESOTA MINING 4/25/2000
MTZ MASTEC INC 4/27/2000
PWAV POWERWAVE 4/26/2000
SPW SPX CORP 4/25/2000
SSTI SILICON STORAGE 4/25/2000
TFS THREE-FIVE SYSTEMS 4/27/2000
WAT WATERS CORP 4/28/2000
*Date expected to announce is a rough estimate. These days
corporate management is not exempt from using a split announcement
to buoy the stock price if negative news (or earnings) is
affecting their stock price. There is still the uncommon trend of
a delayed split announcement post-earnings.
==============
Reader's Write
==============
SplitTrader.com
I just wanted to say "Thank You" for the valuable information you
provide through your web site and email updates. Recently, due
to several suggestions made by your organization, I was able to
make some very strong trades and be very profitable. I find your
Market Wrap is my absolute favorite source of information about
the previous trading day and what to expect in the days to
follow. I really like the honesty, the accuracy, and the depth
of research that is put into these reviews.
Again, thank you very much! My family and I really appreciate
it!
Phil
===
Hi Phil,
Thanks for taking the time to contact us. We are glad to be of
service and certainly appreciate your feedback. I can assure you
and all the readers that we will strive to continue to provide
information and market insight to the best of our ability.
Continued success in your trading!
Louis
=====================
SplitTrader.com Plays
=====================
The PLAY LEGEND:
SplitTrader.com Candidate Play Recommendations.
Candidate Play-of-the-Day is our number one candidate
recommendation for the following trading day.
Updates are just that - updates on continuing plays
New plays are brand new for the newsletter.
Drops are closing 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
>>at the SplitTrader.com website, we have comprehensive profiles
for each stock that we are playing or have played in the past, as
well as hundreds of others. Please take the time to visit the site
to view the profile of the stock(s) you wish to learn more about.
=================================================================
SPLIT CANDIDATE PLAY-OF-THE-DAY
===============================
AMD - Advanced Micro Devices, Inc. $78.25 (+12.00)
Please see details in the Split Candidate Play Updates section
below.
Picked on April 16th @ $66.00
Change since picked +12.25
Chart = http://www.splittrader.com/charts/charts.asp?symbol=AMD
NEW SPLIT CANDIDATE PLAYS 04/23/00
==================================
BRCM - Broadcom $152.50 (+30.25)
Broadcom Corporation is a leading developer of highly integrated
silicon solutions that enable broadband digital data
transmission. The Company makes integrated circuits for use in
broadband equipment such as cable set-top boxes, cable modems,
digital broadcast satellite products and xDSL equipment. The
stock is volatile to say the least. BRCM hit an all-time high of
$253 and has traded as low as $113 within the last month. They
released their earnings results and beat analysts' estimates on
Tuesday night, but the stock traded lower on the news in
Wednesday's session. On Thursday, BRCM recovered and looks like
it may make a run into the Annual Shareholder Meeting on 4/27.
Shareholders will vote on an increase in Class A and Class B
authorized shares at the meeting and we are looking for a split
announcement shortly afterwards. As for the stock, support starts
at $150, then the 5-dma at $143 and stronger at $141. Resistance
is $155 with heavier resistance at the 10-dma, now at $160.
Initiate new plays on a move above $155 or a bounce off of $143.
Open new positions on heavy volume, only in a rising market. Plan
to exit following the Annual Meeting.
Picked on April 23rd @ $152.50
Change since picked +0.00
Chart = http://www.splittrader.com/charts/charts.asp?symbol=BRCM
===
CPN - Calpine Corporation $85.38 (+10.38)
Grabbing hold of the energy reigns, Calpine (CPN) is initiating
an aggressive growth campaign, unheard of in the utility sector.
The company, which develops and operates power generation plants,
plans to aggressively expand its generating capacity more than
600% over the next five years! This rapid expansion in energy
production is already providing solid results. With revenues
expected to rise 40% and earnings and additional 30% in 2000, the
stock has once again found itself in split territory.
Shareholders will be meeting to vote for an increase in the
number of authorized shares at the company's annual meeting on
5/18. This provides us an excellent opportunity to recapture lost
ground ahead of that date. Currently, the shares have taken a
break from a 2-year uptrend and look to be getting ready for
another advance. Having just broken through a five-day
consolidation at the $80 resistance level, prices now look to be
heading toward further opposition at the 50-dma ($91.51). If good
daily volume (800k or better) can accompany price advances
through resistance, then look to open potential plays. However,
if more consolidation resumes, then expect good initial support
(previously resistance) at $80, reinforced by the 5, 10 and 100-
dma's. Secondary support should be noted at this week's recent
low of $72.13. We'll plan to hold shares through the annual
shareholders meeting on 5/18 for a split announcement that may
follow.
Picked on April 23rd @ $85.38
Change since picked 0.00
Chart = http://www.splittrader.com/charts/charts.asp?symbol=CPN
===
LSCC - Lattice Semiconductor $62.94 (+9.15)
Lattice Semiconductor is a leading provider of high performance
programmable logic devices (PLDs) and related development system
software. The Company is the inventor of in-system programmable
(ISP) PLDs which can be configured by the end customer as
specific logic functions, enabling shorter design cycle times and
reduced development costs. Shares of LSCC have been on a bumpy
slide from their high of $82.63, set on 3/7. They hit a relative
low of $51.69 on 4/4, rallied, then fell again. The stock has now
re-tested its lows and appears to be making a run at its all-time
high. The Company announced record revenue and earnings on Monday
after the bell. They beat estimates by three cents and the stock
reacted positively, trading as high as $67.13 on heavy volume. We
are now looking for a split announcement out of their Annual
Shareholder Meeting on May 2nd. At the meeting, the shareholders
will vote on a proposed increase in the number of authorized
shares. For now, LSCC has support at $60 (100-dma) with firm
support at $55. There is resistance at the 20-dma, currently at
$66 and then $70. Use a bounce off of $60 or a move above $65 to
open new positions. Start new plays on heavy volume, only in a
rising market. We recommend an exit following the Annual Meeting.
Picked on April 23rd @ $62.94
Change since picked +0.00
Chart = http://www.splittrader.com/charts/charts.asp?symbol=LSCC
===
PWAV - Powerwave Technologies Inc. $168.25 (+54.19)
Powerwave Technologies Inc. designs, manufactures and markets
ultra-linear radio frequency (RF) power amplifiers for the
wireless communication market. The RF power amplifiers increase
the signal strength of wireless transmissions while reducing
interference, or noise. As of late, PWAV has made the news with
some good announcements. On 3/24, PWAV and Motorola (MOT) entered
into a 5-year agreement whereby PWAV will supply MOT with base
station multi-carrier power amplifiers; which in turn will be
worth $50 million in incremental revenue. Days later it was
announced that PWAV would be added to Standard & Poor's 400 index
replacing Linear Technology. PWAV has been given numerous
upgrades, the latest coming on 4/14 by CIBC World Markets to a
strong buy rating. No doubt this rating came in response to PWAV
announcing better than expected earnings with an 85% increase in
sales from the previous year. The company has an annual meeting
scheduled for 4/26. At that meeting, they will ask shareholders
to increase shares from 40 million to 135 million and effect a 3
for 1 stock split. The split, if approved, will be their first
since going public in December of 1996. The stock has been on a
tear this week with better than double volume all week before
cooling today at 776k shares. The stock closed right at its
resistance level today, but with light volume across the markets
it was impressive to see a positive close. We feel further upside
is coming as we approach Wednesday's meeting. New positions
should be accompanied with volume returning to better than 1
million shares. Once immediate resistance is broken, the next
level to be challenged is the 52-week closing high at $190.00.
Support is light at $160, $150 then $145. Our stop is 150.
Picked on April 23rd @ $168.25
Change since picked 0.00
Chart = http://www.splittrader.com/charts/charts.asp?symbol=PWAV
===
WLA - Warner-Lambert Company $113.44 (+9.44)
Warner-Lambert Company operates in three main segments,
Confectionery products, Consumer Health Care and Pharmaceuticals.
Headquartered in Morris, NJ; the company is best known for over-
the-counter products such at Sudafed, Listerine and Lubriderm
lotion. We initiate coverage of WLA in expectation of a split
announcement in the near future. The company currently has 867.3
million shares outstanding and 1.5 Billion authorized. Just shy
of enough shares for a 2:1 but plenty for a 3:2 or they could
always ask for more shares. Wednesday, the company announced
earnings and reported a 35% gain in operating profits, confirming
a strong trend in pharmaceutical sales throughout the industry.
The profits even beat consensus estimate by .02 cents and the
whisper number by.01 cents, coming in at .58 cents per share.
Analysts at Dain Raucher Wessels liked the numbers enough to tag
a strong buy rating onto WLA. Technically, the chart is very
bullish, appearing to have shrugged off the recent market
gyrations with a modest testing of the 20-dma on 4/14. Since
then, the trend has been up, with volume increasing daily, until
today when it cooled to 3.4 million shares which is about
average. Wednesday, the stock hit a new 52-week high at $115.50
before closing down slightly at $115.00. News of a split could
come at any time, though no major meetings are planned in the
near future. Resistance is now the new high of $115.50 and
support can be found at the 5-dma at $108.00. Below that, support
is at the 20-dma at $104.00 and then the 50-dma at $99.00. New
positions should be accompanied with positive volume and
confirmed movement in the index. Set stops below $107.00 to limit
losses.
Picked on April 23rd @ $113.44
Change since picked 0.00
Chart = http://www.splittrader.com/charts/charts.asp?symbol=WLA
SPLIT CANDIDATE PLAY UPDATES 04/23/00
=====================================
A - Agilent Technologies $89.94 (+7.25)
Agilent managed to be one of a small number of tech stocks that
finished positive on Tuesday, Wednesday and Thursday. A great
bounce up from support near $78 offered solid entry points and
the buying interest carried over into Thursday. The stock was
boosted Tuesday and Wednesday by news that Agilent would provide
software, training and support for Motorola's next generation of
PC boards and integrated circuits. Earnings are in mid-May, so
an announcement is unlikely soon. Hewlett-Packard is
distributing shares of Agilent to HWP shareholders on May 2nd, so
we may get some selling pressure after that time. In other
words, this is a short-term play that will trade on technicals -
use stops placed under support to protect your profits. We may
see more selling pressure in the tech stocks this week, so enter
new plays only in a rising market. Resistance is just overhead
at $90, so wait for a move above if you want to buy. Otherwise,
support is at $84 (the 100-dma) then $80. Our stop is $83.88.
Picked on April 18th @ $87.00
Change since picked +2.94
Chart = http://www.splittrader.com/charts/charts.asp?symbol=A
===
AMD - Advanced Micro Devices, Inc. $78.25 (+12.00)
Pass the "tweezers" please. If the high of two days is equal, the
formation is called a Tweezer Top. This is according to the
charting style known as Japanese Candlestick charting. This too
is exactly what happened to AMD on both Wednesday and Thursday
with an intra-day high of $78.94. Even though the sector has been
reporting good earnings, AMD had been unable to break out to a
new high above $79.25. Volume has declined quite a bit, but
today's trading was light across the entire market. AMD announced
on Wednesday that it is rolling out two new lines of
microprocessors for notebook computers. The K6-2+ and K6-3+ chips
have been geared for consumer notebooks which have been a
particularly successful area as of late. Next week is the
scheduled shareholders meeting on the 27th and the possible split
announcement. We would like to see volume increase back near 10
million shares and a new high achieved for new plays on AMD. The
stock is currently sitting on the 5-dma, which is serving as near
term support. Below this level there is support at the 10-dma at
$72.75. If the stock cannot break out to a new high, it may
retrace back to lower support levels near $65, as it has done
twice this month already. Keep stops firmly in place at $72 (just
under the 10-dma) to protect profits.
Picked on April 16th @ $66.00
Change since picked +12.25
Chart = http://www.splittrader.com/charts/charts.asp?symbol=AMD
===
CLRN - Clarent Corporation $53.50 (+2.62)
Clarent Corporation performed with little enthusiasm today,
retreating with the NASDAQ right from the open. The company,
which is a leader in Internet Protocol (IP) telephony systems, is
scheduled to report earnings next week on the 25th. Although CLRN
entered into an agreement with ATL Networks to widen their
Enterprise IP Telephony into the UK, it had no effect on the
stock today as it gave back all of Wednesday's gains. Volume
lightened by 170K shares below normal, as investors apparently
were more interested in the long Easter weekend. Next week will
make this a very short-term play, and we will exit in front of
Tuesday's earnings, scheduled after the market close. The stock
is currently sandwiched between its 5-dma (support) and its 10-
dma (resistance). A break above $70.00 on better than 700k shares
would be a positive indicator. Support is just below at $50.00.
Market commentaries today were laced with murmuring of the NASDAQ
re-testing its recent lows. A new play entered on this stock
would be considered highly risky. If your risk profile enables
you to play this stock, we would suggest that you confirm market
direction beforehand. Holding through earnings should be
considered very risky too and not part of our philosophy. Expect
this play to be dropped by Tuesday's close. We will watch for
developments after earnings if a split announcement is made.
Picked on April 18th @ $56.75
Change since picked -3.25
Chart = http://www.splittrader.com/charts/charts.asp?symbol=CLRN
===
LVLT - Level 3 Communications $83.38 (+10.01)
Level 3 Communications is diverse holding company that is engaged
in information services, communications and coal mining
businesses throughout the world. The Company offers systems
integration services allowing its customers to define, develop
and implement cost-effective information services. Their
reengineering services convert legacy software applications into
modern networked computing environments. The stock was hopping on
Wednesday, hitting an intra-day high of $88.75 before the NASDAQ
turned negative. The reversal in momentum pulled LVLT back to
$85.44 by the closing bell. Shares of LVLT continued to mirror
the action on the NASDAQ on Thursday, falling $2.06 as the NASDAQ
extended its slide. The Company has scheduled an Annual
Shareholder Meeting on 5/22 and we are hoping for a split
announcement in the near future or following their Shareholder
Meeting. They already have enough shares for a split so an
announcement could come at any time. Until then, there is support
at the 5 & 10-dma, currently at $81 with stronger support at the
200-dma ($79). Place stops under $79 to limit losses. Resistance
is now up to $88 (today's high) and then the 20-dma at $92. Look
for a bounce off of $81 or a move above $88 on strong volume to
start new plays. Confirm market sentiment and sector direction
before opening new positions. We recommend an exit shortly after
the Annual Meeting or in the session following a split
announcement.
Picked on April 18th @ $82.50
Change since picked +0.88
Chart = http://www.splittrader.com/charts/charts.asp?symbol=LVLT
===
MXIM - Maxim $59.75 (+9.44)
Maxim Integrated Products makes linear and mixed-signal
integrated circuits. The Company offers a wide selection of
products including data converters, interface circuits,
microprocessor supervisors, operational amplifiers, power
supplies, multiplexers, switches, battery chargers and voltage
references. These products are used in a wide variety of
microprocessor-based electronics equipment, including personal
computers and computer peripherals, test equipment, hand held
devices, wireless communicators, broadband networks, satellite
communications systems and robotics. Shares of MXIM suffered from
general market weakness as the NASDAQ rally fizzled on Wednesday
afternoon. The stock fell below its 5-dma of Thursday, hitting an
intra-day low of $57.13, but it made a comeback late in the day,
closing the session with a small gain. The Company is expected to
announce earnings on 4/25 after the bell and we are looking for a
split announcement to come out with the earnings release. In the
meantime, there is light support just under Thursday's low at $57
with stronger support at the 100-dma, now up to $56. Place stops
under $56 to lock in gains. Some resistance has shown up around
the 50-dma, at $63 and then $65. Initiate new positions on a
bounce off of $57 or a move above $63. Start new plays on heavy
volume, only in a rising market. Look to exit in front of
earnings on 4/25.
Picked on April 16th @ $50.31
Change since picked +9.44
Chart = http://www.splittrader.com/charts/charts.asp?symbol=MXIM
===
ORCL - Oracle Corporation $70.81 (+7.30)
Along with being the world leader in information management
software, Oracle is also recognized as one of the top three
players among business-to-business (B2B) marketplace builders.
This segment of ORCL should see rapid growth, as global demand
for e-commerce should reach an epic $7.3 trillion in 2004. Though
positioned nicely to benefit from e-commerce growth, ORCL shares
have faired much better than recent weakness in the B2B sector.
Although slipping through its 50-dma ($74.68), ORCL still managed
to finish off the week 7.25 points higher. Today's decline was
weakened by a lack of strong volume (25.1m shares) accompanying
the move, and is a near-term indication for a lack of sellers.
However, if further selling continues, then expect the stock to
find more support at the 100-dma ($62.53), and just lower at $60.
To limit losses, our stop will be set at just below $60. Look to
the 50-dma to represent our initial resistance point, with
healthier resistance at $80, bolstered by the 30-dma ($79.20).
Wait for a resumption of good volume (35m or better) to accompany
a break through resistance, prior to opening new positions. If
the stock manages to stay above its stop, then we'll plan on
holding through the shareholders meeting (5/10).
Picked on April 16th @ $63.52
Change since picked +7.29
Chart = http://www.splittrader.com/charts/charts.asp?symbol=ORCL
===
TFS - Three-Five Systems $80.62 (+14.13)
Ok, the 4/27 shareholders meeting is fast approaching, so we hope
the momentum can continue long enough for us to hold on and catch
a split announcement. TFS is trading with relative strength
after reporting great earnings on April 12th. In the current
market environment, traders are looking for companies with solid
numbers or high market share. Anything else is highly
speculative and risky! The Nasdaq composite may see more selling
in the coming week, so protect your profits in this play. $80
has been established as support now, so you may want to exit if
the stock moves below $79. As for new plays, enter on bounces up
from support or on moves over resistance. Current support levels
are $80, $70, then $65. Resistance is at the high of $87. Enter
only in a rising market. Our stop is $69.88.
Picked on April 16th @ $66.50
Change since picked +14.13
Chart = http://www.splittrader.com/charts/charts.asp?symbol=TFS
===
TIBX - Tibco Software $67.88 (+19.56)
Ah! The warm feeling you get when your stock is moving higher.
We were feeling great today; in fact, TIBX was the best
performing stock in the entire market Thursday! We were
fortunate to pick up the stock just before the Company announced
new partnerships with Saturn, Altra Energy and Aether Systems in
three separate agreements. In addition, TIBX offers B2B software
solutions and we have seen a renewed interest in this group of
stocks after positive earnings from i2Technologies, Inktomi and
Commerce One. Since some selling may begin once again in the
tech stocks, be sure to protect your profits. You can't lose by
booking profits. Set stops just under support, based upon your
entry point and risk tolerance. First support comes at $65, then
$60. Our stop is $64.00. We will let our profits run unless
stopped out.
Picked on April 18th @ $61.25
Change since picked +6.63
Chart = http://www.splittrader.com/charts/charts.asp?symbol=TIBX
===
VSTR - Voicestream Wireless $100.94 (+10.94)
After our Tuesday writeup, VSTR staged an excellent mid-day rally
in Wednesday's session. Unfortunately, the Nasdaq market didn't
cooperate and we ended up trading slightly lower into Thursday's
close. $100 does seem to be offering some support now, albeit
weak support. Thursday, rumors circulated that VSTR may soon
acquire Powertel (PTEL) to gain more market share in the wireless
arena. Usually, the price of the acquirer (VSTR) falls on such
news. In this case, VSTR did slip 2 bucks, but we can live with
that. The Company has never split and is trading well below its
highs, but is still trading at a likely level for a split
announcement. Earnings are approaching on May 8th, so we may get
a coinciding announcement. Valuation issues may exist for this
stock if investors get extremely choosy once again, so play this
safe. Only enter in a rising market, on confirmed support levels
or on moves over resistance. VSTR does have light support at
$100, next at the 200-dma at $92, better at $90. The stock
actually touched $80 during the worst of the selloff, so we are
placing a hard stop at $89. Place your stops at support levels
to protect current profits.
Picked on April 16th @ $90.00
Change since picked +10.94
Chart = http://www.splittrader.com/charts/charts.asp?symbol=VSTR
===
YHOO - Yahoo! $123.13 (+7.13)
Yahoo! Inc. is a leading Internet media company that provides
branded Internet programming over an international network of web
sites. YHOO offers broadcast media, personal communications and
direct services including online content guides, Web search
capabilities, aggregated third party content and e-mail. The
stock was flying on Wednesday morning thanks to America Online's
earnings announcement. Shares of YHOO traded as high as $134.50
before market weakness set it, taking the stock back to a close
of $125.88 on average volume. On Thursday, YHOO was fairly calm,
trading in a 10-pt range all day. The stock is trying to find a
base as we move closer to the Annual Shareholders Meeting on
5/12. The shareholders are voting on a proposal to increase the
number of authorized shares from 900 million to 5 billion. We are
looking for a split announcement following the Annual Meeting.
Going forward, support remains at $120 with additional support at
$115 and the 4/17 intra-day low of $108. Place stops under $108
as protection. Resistance is hanging tough at $130, now the 10-
dma, and then just above Wednesday's high at $135. Start new
plays on a bounce off of $120 or a break above $130. Initiate new
positions on heavy volume, only in a rising market. We recommend
an exit following the Annual Meeting in May.
Picked on April 18th @ $126.69
Change since picked -3.57
Chart = http://www.splittrader.com/charts/charts.asp?symbol=YHOO
SPLIT CANDIDATE PLAY DROPS 04/23/00
===================================
SDLI - SDL Incorporated $166.94 (+23.94)
Providing a quick run-up this week, SDLI furnished us a
profitable pre-earnings run that we'd been anticipating. Ahead of
the earnings announcement, Wednesday's final advance to $162.38,
helped to cap off a 30% price increase from Monday's open.
Bullish comments helped to aid this strong advance, as analysts
guided investors to a stronger than expected earnings performance
earlier in the week. Near term prospects look good for the
company and we'll keep you posted on future plays as they
develop.
Picked on April 13th @ $152.25
Profit/Loss = +10.13 (+7%) (Dropped on Wednesday's close)
Best Profit = +13.75 (+9%)
Chart = http://www.splittrader.com/charts/charts.asp?symbol=SDLI
===
VRSN - Verisign, Inc. $118.50 (+20.70)
Better safe than sorry. We dropped VRSN at Wednesday's close
before they announced earnings. Once again the uncertainty of
earnings proved negative even though they beat expectations.
Versign beat First Call/Thomson Financial by .01 cents but were
short of the whisper number by .01. So, today despite doubling
their revenue from a year ago, the stock sold off before making
an afternoon rally attempt. We stand committed to our philosophy
not to hold through earnings. We will watch for future
opportunities with VRSN and advise you accordingly.
Picked on April 13th at $114.69
Profit/Loss = +16.23 (+14%) (Dropped on Wednesday's close)
Best Profit = +26.06 (+23%)
Chart = http://www.splittrader.com/charts/charts.asp?symbol=VRSN
==========================Advertisement===========================
Tired of waiting on trades to execute?
Trade instantly at Preferred Capital Markets. Their non-browser
software offers the fastest executions on the Internet.
Move your trading into the next millennium with Preferred Capital
Anything else is too slow!
http://www.PreferredTrade.com/CF/Home.CFM?ID=OIN
==================================================================
==========
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.
|
|
