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PLAY >New Drops Tuesday, May 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

KNGT - Knight Transportation $27.48 +2.12 (-0.06)

KNGT suffered a round of selling yesterday that knocked us out of this play. The drop was unusual because it was not precipitated by any news. However, the quick exit from this play illustrates the risk associated with stocks that have low average daily volume. The ADV for KNGT is 63,400. The drop was likely due to one major investor that exited his position because KNGT immediately snapped back today. Of course, this is just speculation because we do not know for sure why KNGT suffered from this unusual volatility over the past two days.

Picked on May 13th @ $27.54
Profit/Loss -1.79 (6%) (Stopped Monday @ $25.75)
Best Profit +0.09 (0%)
Interactive Chart Quote News First Call on KNGT

New Candidate Drops


New Momentum Drops

HD - Home Depot $50.10 +0.95 (+0.22)

This play never really got going for us. This was probably due to the fact that the overall market is stuck in a narrow trading range. The good consumer confidence news last week suggested that Home Depot might be able to exceed analysts earnings estimates when the company reported this morning. Sure enough, Home Depot beat the consensus estimates by 2 pennies by reporting profits of $0.27 a share. If HD can continue to tick up like it did today, we may jump on this stock again.

Picked on May 8th @ $50.01
Profit/Loss -0.86 (2%) (Stopped Monday @ $49.15)
Best Profit +0.24 (0%)
Interactive Chart Quote News First Call on HD

WSM - Williams Sonoma Inc. $30.21 +0.21 (+0.12)

Monday was the end of the road for WSM, as we dropped the retailer ahead of it earnings announcements today. For the record, WSM posted earnings of $492,000, or $0.01 per share, for the first quarter, versus $4.8 million, or $0.08 per share, in the year-ago period. Unfortunately, we exit WSM with a $1.10 loss.

Picked on May 1st @ $31.10
Profit/Loss -1.10 (-4%)(Stopped Monday @ $30.00)
Best Profit +1.75 (+6%)
Interactive Chart Quote News First Call on WSM

Drops Index


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