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PLAY >New Drops Sunday, May 06, 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

ACS - Affiliated Computer Services $71.89 (+0.50)

ACS dropped just enough in the early going on Friday to execute our trailing stop. It is important to note that the decline was accompanied by light volume of only 361,500 shares. Perhaps the early weakness was due to the new coverage of the stock by SG Cowen. The research firm began coverage on ACS with a "Neutral" rating, which was less than a ringing endorsement. We might be interested in taking another look at ACS if it can find support at its 20-DMA of $68.31.


Picked on April 26th @ $69.34
Profit/Loss +1.66 (2%) (Stopped Friday @ $71.00)
Best Profit +3.10 (4%)
 
Interactive Chart Quote News First Call on ACS
 


JEC - Jacob's Engineering $66.34 (+0.07)

Sometimes stocks can "fake out" traders by falling below support and rebounding immediately. That is exactly what happened to JEC in the early going on Friday, as the April jobs report had the market running scared at the open. Our trailing stop was triggered amidst the wave of early morning selling. JEC subsequently rebounded to end the day positive, but hey, we can never complain about a profitable trade.


Picked on April 24th @ $62.00
Profit/Loss +2.00 (3%) (Stopped Friday @ $64.00)
Best Profit +4.95 (8%)
 
Interactive Chart Quote News First Call on JEC
 

New Momentum Drops

None

Drops Index

 


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