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PLAY >New Drops Thursday, March 15, 2001
New Split Drops   New Candidate Drops   New Momentum Drops
(We update our stop losses daily at the CURRENT PLAYS page.)

New Split Drops

None

New Candidate Drops

AYE - Allegheny Energy Incorporated $45.50 +0.54 (-2.02)

We were expecting that Lehman Brothers "buy" rating on AYE would reverse recent weakness in the stock and encourage some buyers to jump in. The news, however, did not produce the scenario we were anticipating, as a sharp gap lower at the open stopped us out at $45.80. This weakness was likely due to Wednesday's sell-off in the NYSE Utility Index (NNA), which posted a 3% loss on the day. With that said, we say good-bye to AYE.


Picked on February 22nd @ $48.22
Profit/Loss = -2.72 (-6%) (Stopped Wednesday @ $45.80)
Best Profit = +0.78 (+2%)
 
Interactive Chart Quote News First Call on AYE
 


OAT - Quaker Oats Company $97.24 -0.51 (-1.56)

We entered OAT on the theory that the stock's upward trend would continue. On the day we picked the stock, shares had just broken into new territory and set a new all time high of $99.33. Unfortunately, a close above this stubborn level was never reached. That aside, the stock did offer us a couple of quick intra-day plays off the 50-dma, before our stop of $96 was finally taken out.


Picked on March 8th @ $99.33
Profit/Loss = -3.33 (-3%) (Stopped Thursday @ $96.00)
Best Profit = -0.21 (-0%)
 
Interactive Chart Quote News First Call on OAT
 


PFGC - Performance Food Group $47.56 +1.19 (-1.31)

Performance Food continued to slide on Wednesday. The stock fell to an intra-day low of $45.94, triggering our stops along the way. We were stopped out at $47, so we are dropping PFGC tonight.


Picked on February 25th @ $50.13
Profit/Loss = -3.13 (-6%) (Stopped Wednesday @ $47.00)
Best Profit = +4.38 (+9%)
 
Interactive Chart Quote News First Call on PFGC
 

New Momentum Drops

BDX - Becton, Dickinson and Co. $33.90 -0.22 (-2.10)

BDX suffered from some more profit taking and slipped below our stop of $34.50 on Wednesday. In our last report, we suggested that BDX was looking a little risky due to the stock's inability to stay above the 50-DMA of $35.00. It turned out that we were right.


Picked on February 11th @ $37.03
Profit/Loss -2.53 (-7%) (Stopped on Wednesday @ $34.50)
Best Profit +2.25 (+6%)
 
Interactive Chart Quote News First Call on BDX
 

Drops Index

 


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