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PLAY >New Drops Tuesday, April 24, 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

OMC - Omnicom Group $89.20 +1.12 (-1.49)

Omnicom got knocked down with the rest of the market yesterday, and, consequently, we were stopped out of this position. Omnicom did report solid quarterly results this morning. The company beat consensus estimates by a penny with profits of $0.52. Omnicom did not announce a split today, however. We will continue to monitor this stock. If OMC continues to correct, look for the stock to find support at the 50-DMA of $86.72.


Picked on April 15th @ $86.50
Profit/Loss +2.50 (3%) (Stopped Monday @ $89.00)
Best Profit +6.20 (7%)
 
Interactive Chart Quote News First Call on OMC
 


TARO - Taro Pharmaceutical Industries $46.15 -6.15 (-8.75)

Taro traded lower yesterday to hit our tightened stop at $53.00. We were fortunate this happen because today Taro was thoroughly routed in a fit of profit-taking that took the stock down to $44.03 a share. In case you have been wondering why we keep our stop losses so tight, look no further than Taro.


Picked on April 10th @ $49.45
Profit/Loss  +3.55 ( 7%) (Stopped Monday @ $53.00) 
Best Profit  +6.55 (13%)
 
Interactive Chart Quote News First Call on TARO
 

New Momentum Drops

UNP - Union Pacific Corporation $55.88 +0.88 (-2.97)

Union Pacific gapped down on Monday following a weak earnings announcement from CSX Corp. (CSX) and a downgrade from Salomon Smith Barney. Shares of UNP traded to an intra-day low of $54.25 late in the session. We were stopped out at $54.50, so we are dropping UNP tonight.


Picked on April 3rd @ $57.35
Profit/Loss = -2.85 (-5%) (Stopped Monday @ $54.50)
Best Profit = +2.25 (+4%)
 
Interactive Chart Quote News First Call on UNP
 

Drops Index

 


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