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PLAY >New Drops Thursday, March 29, 2001
New Split Drops   New Candidate Drops   New Momentum Drops
(We update our stop losses daily at the CURRENT PLAYS page.)

New Split Drops

TMIC - Trend Micro Inc. $4.25 -0.75 (+0.03)

We were a little bit surprised that TMIC had decided to split just less than a month before the previously announced payable date of May 18th. The split caused a quick spike in the share price right to the resistance of $5.50. Congrats to those of you who sold the stock as soon as it started dropping from that level. Due to its relatively low stock price and the unlikelihood that TMIC will be announcing any more splits for the foreseeable future, you probably will not see TMIC on our Current Play list again for a long time.


Picked on March 22nd @ $4.19
Profit/Loss +0.06 ( 1%) (Stopped Thursday @ $4.25)
Best Profit +1.31 (31%)
 
Interactive Chart Quote News First Call on TMIC
 

New Candidate Drops

RCII - Rent-A-Center Incorporated $43.38 +2.19 (0.25)

It looks like RCII may have hit a near-term top with its recent rally to the $47.44 mark. Starting with a slow pullback from this level, shares gathered selling momentum on Tuesday and stopped us out at $42.13 with Wednesday's gap lower at the open. A triple digit loss in the NASDAQ Composite Index (COMPX) was likely the biggest contributor to Wednesday's fall. We will continue to watch RCII for better opportunities in the future.


Picked on March 25th @ $45.13
Profit/Loss = -3.00 (-7%) (Stopped Wednesday @ $42.13)
Best Profit = +2.00 (+4%)
 
Interactive Chart Quote News First Call on RCII
 

New Momentum Drops

none

 


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