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Email Version, Section 2, Sunday 03/11/2001
The SplitTrader.com                      Sunday 03/11/2001 2 of 2
Copyright 2001, All rights reserved.
Redistribution in any form is strictly prohibited.

 - Your World Leader for Trading Stock Splits on the Internet-

Posted online for members at: http://www.SplitTrader.com

To view this email newsletter in HTML format with imbedded
charts and graphs, click here:

http://www.splittrader.com/htmlemail/031101_2.asp
==============================================================

In This Candidate Newsletter:
=============================

Watch List
Plays - New - Updates - Drops
Monday's Candidate Play-of-the-Day - OAT
Weekly Play Results (03/5 - 03/11)

=============================


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==========
Watch List
==========

The following stocks are on our radar screen.  We are watching
them for further developments before we add them to our In play
List.


- SPLIT RUN CANDIDATES TO WATCH -

CAH - Cardinal Health Inc.  $101.10 -1.42

WHY WE LIKE IT:  CAH appreciated 60% from March to October of
2000.  It has since slowed its rapid ascent, but still remains in
a healthy up trend.  The 50-dma has offered support over the last
month and CAH has held up well even through downturns in the S&P
Health Index (HCX.X).  In addition, the RSI is indicating that
CAH has plenty of upside potential before becoming overbought.
POTENTIAL TRIGGER EVENT:  We would like to see CAH close above
$105 on volume of at least 1.4 million traded before initiating a
play in CAH.
SUNDAY'S UPDATE: CAH gave back half of Thursday's gains on Friday
but still managed to hold above $100.  On Thursday, we said that
we thought CAH could be upgraded to our Current Play list sooner
rather than later, but now we're not so sure.  Because of Friday's
sell-off, the MACD looks ready to rollover negative.  So, should
CAH rollover, we will continue to watch it roll only as far as
its 50-dma at $97.59.

Chart = 


- SPLIT CANDIDATES TO WATCH -
EXPD - Expeditors International  $53.19 -2.19

WHY WE LIKE IT:  This logistics company has recently pulled back
from a high of $60 on very low volume averaging half of normal
volume.  This may be a good sign that the stock is consolidating
and getting ready to challenge the $60 once again.  In addition,
the MACD has just turned positive and OBV is getting ready to
break to new highs.  The stock has been in a strong up trend
since October of 1998, indicating that it has good institutional
sponsorship.
POTENTIAL TRIGGER EVENT:  A close above $60 on volume of at least
600,000 shares will earn EXPD a spot on our Current Play list.
SUNDAY'S UPDATE: EXPD dropped its base of $55.25 on Friday, so we
are dropping EXPD from our Watch List.

Chart = 

===

THC - Tenet Healthcare $43.49 -0.66

WHY WE LIKE IT: This ol' Splittrader favorite is once again
getting ready to break out. We like this stock because it is a
safe haven in tough times and holds its own when things in the
market get better. It has been basing at the $45 level and has
bumped up against $47 twice on good volume. We have also noticed
that the 10-dma has been offering excellent support as the stock
moves sideways. Finally, it has been steadily been putting in
higher lows, another sign that buyers are starting to step up.
POTENTIAL TRIGGER EVENT: We need the stock to close above $46.75
on volume of at least 2 million shares before we move THC to the
Current Play list. Should the stock hit this level, the MACD
should be simultaneously issuing a buy signal, which of course is
usually a good time to be entering a trade.
SUNDAY'S UPDATE: THC nearly got knocked off our Watch List on
Friday, as it lost both its 40- and 50-day moving averages.  One
more day like Friday and THC will be history.  Because its MACD
firmly planted in negative territory, THC will probably be lost
on Monday.

Chart = 

===

VAR - Varian Medical Systems, Inc.  $67.01 +0.82

WHY WE LIKE IT:  Varian gapped higher on 1/25/01 and it now
appears as if this gap might be a breakaway gap.  The stock has
come back to test the gap and it held, which means the path of
least resistance could well be northerly.  We are also seeing a
positive divergence in OBV and the price movement of VAR.  While
the OBV trends higher, VAR has remained range bound between
$62.50 and $70.  We are seeing support come in at the 50-dma of
$64.50 and major support can be found at $62.25.
POTENTIAL TRIGGER EVENT:  Varian needs to close above $70 on good
volume of at least 250,000 shares before we will rotate VAR to
our Current Play list.
SUNDAY'S UPDATE: VAR continued to inch ahead on Friday, which is
saying something considering the bloodbath in the DOW and the
Nasdaq Composite Index.  Like we said on Thursday, there  appears
to be minor resistance at the 20-dma now located at $67.13, so it
could be awhile before VAR makes a go for the Current Play list.
On the downside, we will watch VAR as long as it can hold the
bottom of its base at $62.25.

Chart = 


- MOMENTUM STOCKS TO WATCH-

UVV - Universal Corporation $38.99 +0.27

WHY WE LIKE IT:  UVV has a hand in everything that is currently
working in the market: tobacco, agriculture and building
supplies.  It has been on a nice up trend since April of last
year.  Recently, the stock took a 15% dip on lower volume and
then subsequently formed a "v" bottom.  We are anticipating the
formation of a brief consolidation base followed by a move
through the previous highs.  Though UVV is currently overbought
as measured by its stochastic, this condition will be relived as
the stock bases.  Just a heads up, this is another one of those
low volume stocks, so volatility may be an issue.
POTENTIAL TRIGGER EVENT:  We will be patient and wait until the
stock can advance through and close above its previous high of
$38.75 on volume of at least 75,000 shares before moving it over
to our current play list.
SUNDAY'S UPDATE: Okay, so the volume wasn't there.  Nevertheless,
we decided to add UVV to our Current Play list anyway because of
the seemingly untouchable strength of the  tobacco sector.

Chart = 

===

FRE - Freddie Mac  $66.45 -0.70

WHY WE LIKE IT: Mortgage guarantor FRE is due to benefit from a
lower interest rate environment and an increase in refinancing
and new mortgages.  FRE has just finished forming a cup pattern
after rocketing over 37% since a breakout in September.  The MACD
just turned positive and the OBV has remained strong, meaning FRE
may be poised to take out its old high of $70.  We are
anticipating FRE might see the same type of pop that fellow
financial stock, USA Education (NYSE:SLM), saw over the last
month since the charts are very similar.
POTENTIAL TRIGGER EVENT:  FRE needs to prove its meddle to us by
closing above $70 on volume of at least 4 million shares traded
before we will move it over to our Current Play list.
SUNDAY'S UPDATE: Once again $67 is providing FRE with some
resistance.  We are a little concerned at this point because the
MACD is darn close to rolling negative.  Should that happen, we
will watch FRE only as long as it can continue closing above its
50-dma, currently at $64.32.

Chart = 

===

ACS - Affiliated Computer Services  $66.80 +1.24

WHY WE LIKE IT:  ACS has recently pulled back from its highs
recently but it found good support at its previous two-month long
base.  It now appears as if ACS is set to challenge its old highs
as it has just popped through its 50, 40, 20 and 10-dmas.  The
OBV is also rebounding from the recent sell off, indicating to us
that buyers are again taking the driver's seat.
POTENTIAL TRIGGER EVENT:  We would like to see ACS close above
its previous high of $68.60 on volume of at least 500,000 shares
traded before we roll the IT provider over to our Current Play
list.
SUNDAY'S UPDATE: While everyone else was circling the drain on
Friday, ACS made for higher ground.  We like this former Current
Play resident because its MACD and OBV are providing strong
support (as witnessed by Friday's action).  With that said, we
anticipate ACS making a serious run for the Current Play list
this week; that is, if it can clear and close above some minor
resistance at $67.00.

Chart =


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=====================
SplitTrader.com Plays
=====================

The PLAY LEGEND:

SplitTrader.com Candidate Play Recommendations.

Candidate Play-of-the-Day is our number one candidate
recommendation for the following trading day.
Updates are just that - updates on continuing plays.
New plays are brand new for the newsletter.
Drops are closing plays that we feel have lost the advantage.

You will see:Stock Symbol, Company Name, Closing Price, (change
 for the week)
Picked at date and Change since picked

Terms:
BoD = Board of Directors meeting
ADV = Average Daily Volume
dma = daily moving average

At the SplitTrader.com website, we have comprehensive profiles
for each stock that we are playing or have played in the past,
as well as hundreds of others. Please take the time to visit
the site to view the profile of the stock(s) you wish to learn
more about.
=================================================================


=========
NEW PLAYS
=========


NEW SPLIT RUN PLAYS 03/11/01
============================

None



NEW SPLIT CANDIDATE PLAYS 03/11/01
==================================

None



NEW MOMENTUM PLAYS 03/11/01
============================

UVV - Universal Corporation $38.99 (+0.90)

There is strong evidence that investors and money managers alike
still hold large cash positions.  After attempting to rally
"value" technology stocks, many were burned later in the week as
the NASDAQ made a new low.  This set of circumstances helps to
explain why UVV continues to rally.  This tobacco merchant and
distributor of lumber and building products is trading at a very
low P/E of 10.22.  Investors are extremely risk adverse these
days and UVV offers a relative value.  UVV actually managed to
establish a new 52-week high of $39.00 during a day that saw the
Dow Jones Industrials (INDU) drop 213.63 points.  This fact may
encourage the momentum-trading crowd to jump on board.  UVV may
really start to roll if it can climb above the $39.50 resistance
level established way back in June of 1998.  A good time to
initiate a position might be when UVV looks like it is going to
close above this resistance and has crossed 100,000 shares in
daily volume. After a lengthy ascent, the MACD has cooled off but
remains positive.  OBV is currently making new highs and could be
forecasting continued new highs for the stock.  The RSI is
brushing the top end of its range.  Therefore, we would be
cautious about picking up the stock if it starts slipping in the
early going on Monday, especially if UVV slips below the support
offered by the 10-DMA of $38.13.

Picked on March 11th @ $38.99
Change since picked +0.00
Stop Loss @ $37.00

Chart =



=======
UPDATES
=======


SPLIT RUN PLAY UPDATES 03/11/01
===============================

BAX - Baxter International Incorporated $92.90 (-0.43)

Simply put, Baxter's goal is to double its total annual revenues
within ten years on the back of genetically engineered products.
To attain this ambitious agenda, the company has hired scientists
from established firms like Novaritis and Aventis. Baxter has
already tripled its manufacturing capacity in Thousand Oaks,
Calif. to help prepare for future production needs. Despite a
pullback in the AMEX Biotechnology Index (BTK.X), which lost
2.49% on Friday, BAX managed to eke out a gain of $0.18 to close
at $92.90. This contrary relationship to the index has been a re-
occurring event during the course of our play, and could be a
good indication of BAX's strength. The stock's one-month
performance against the index is notable, with a 6% gain versus a
10% loss. So, should upward momentum in the stock continue we'll
look for resistance to come in at $95, followed by a more notable
barrier at the century mark. Support will come at the $90 mark
(recent low), bolstered by the 30-dma of $89.70. Low risk entry
points may present themselves with a bounce off support on volume
of at least 900,000 shares by mid-day or a breach through
resistance on similar mid-day volume. We'll continue to keep
stops at $89.00 to guard against a pullback.

Picked on March 1st @ $92.61
Change since picked +0.29
Stop Loss @ $89.00

Chart = 

===

GVA - Granite Construction Inc. $34.55 (-$0.65)

Granite Construction finished the week down after the market
turned sour on Friday. The triple digit losses on both indices
were too much for GVA to handle and the stock took the path of
least resistance lower. The stock traded below its first level of
support and came to rest at $34.50, a former level of resistance
established back on February ninth. For now this will serve as
the first level of support until a more solid footing can be
established. Friday's volume surpassed the three-month average of
75,000 shares by 9%, with 82,000 shares swapping hands. As it
turns out, the ill effects of the current market have outweighed
what euphoria was out there for a split run. The split, a 3:2, is
scheduled for April 13th and we'll continue to watch for another
leg up prior to that date. For next week look for possible entry
points for new plays if the stock bounces off support or move
through resistance at $35.00 on volume exceeding 60K traded by
midday.  We are keeping our stop loss at $33.50 on this play.

Picked on February 25th at $33.07
Change since picked -1.48
Stop Loss at $33.50

Chart = 

===

LTR - Loews Corporation $116.77 (+7.66)

Loews Corporation is a diversified holding company engaged in the
sale of insurance, cigarettes, watches, clocks, and oil drilling
services.  On Friday, shares of LTR hit an all-time high of
$117.10 before pulling back to a close of $116.77 on volume of
467,000 shares. The stock is gaining momentum despite weakness in
the market. LTR has made three consecutive higher highs coupled
with three higher lows and the stock is currently at an all-time
high. Hopefully, LTR will continue to move higher as we are now
just 7 trading days away from the 2:1 split, payable on March
20th. On the slightly negative side, LTR has gained 18% over the
past two weeks so we may see some profit taking in the near
future. Until then, support is Friday's intra-day low of $114.75
with stronger support at $113.21, the 5-dma. Resistance may show
up at $118 or even $120. Traders may consider opening new
positions on a bounce off of $114.75 or a breakout above $118 on
volume greater than 225,000 shares by noon. We have moved our
stops up to $113 to lock in additional gains.

Picked on February 27th @ $106.40
Change since picked +10.37
Stop Loss @ $113.00

Chart = 



SPLIT CANDIDATE PLAY UPDATES 03/11/01
=====================================

AYE - Allegheny Energy Incorporated $47.52 (+0.52)

Aside from an established presence in energy production,
Allegheny is seeking additional opportunities for growth in the
lucrative telecommunications market. Through its Ventures
division, AYE will leverage its existing fiber optic network by
marketing telecom services to major carriers and retail
customers. This doesn't sound like your average utility company,
which is exactly what has attracted so much attention to the
stock. Looking at the chart, shares continued to gain ground.  On
Friday the stock closed the session up $0.02 to $47.52.  Volume
improved over previous days to 562,900 shares, which we feel is
a good sign that buyers may be re-entering the stock. The
technical indicators also point to higher levels, with the MACD
bottoming out after the recent decline, and the stochastic
continuing a bullish crossover. So, to that end, we'll look for
further gains in the upcoming week to face resistance at the all
time high of $49 and then at the $50 mark. Support comes in at
the converging 10 and 20-dma's of $47.41 and $47.18,
respectively. Traders might want to consider initiating a
position if the stock can bounce off support or move through
resistance at $49 on volume of 300,000 shares traded by noon.
To keep our downside risk in tact, we'll keep stops firm at
$45.94.

Picked on February 22nd @ $48.22
Change since picked -0.70
Stop Loss @ $45.94

Chart = 

===

IGT - International Game Technology $55.65 (+1.81)

IGT's steady ascent into new high territory was stymied on Friday
by a stampede of nervous traders who desired to cut their stock
positions before the weekend.  That said, this major inventor and
purveyor of casino games and electronic cash systems, has
displayed excellent relative strength.  After establishing a new
high of $57.25 on Wednesday, IGT only pulled back less than two
points.  When the market inevitably oscillates back higher, IGT
is likely to be one of the first stocks to go back up.  If we see
some early weakness on Monday, a bounce off the 10-DMA of $55.22
may prove to be an excellent entry point.  Otherwise, we would
like to see IGT trade above Friday's high print of $56.46,
accompanied by midday volume over 300,000 shares, before adding
to positions. The MACD is still in a nice ascending pattern.
Although the OBV and Money Flow pulled back slightly, both
indicators are still very strong and signal continued long term
accumulation of IGT.

Picked on February 20th @ $53.52
Change since picked +2.13
Stop Loss @ $54.75

Chart = 

===

OAT - Quaker Oats Company $98.80 (+1.72)

Quaker Oats is seeking to boost revenue growth by 9% for its
current quarter.  To accomplish this, the company has stepped up
marketing efforts on its strongest product, Gatorade.  Turning to
Friday's action, shares of OAT gave back some ground from
Thursday's sharp rally, closing at $98.80, down $0.53.  What was
encouraging was the weak of volume. The stock normally logs
around 740,000 shares based on a three-month average, but
Friday's decline came on volume of just 281,700 shares. This is
an indication of a lack of sellers in the stock, which could be
the result of investors holding onto shares ahead of the upcoming
PepsiCo buyout. Bearing this in mind, we feel there's a good
chance the stock will continue to show more momentum on the
upside. So, to that end, look for initial resistance to come at
the $99.33 mark (all time high). A potentially higher hurdle may
follow at the century mark, which can often times mark the top of
a rally.  Support will come at the 20-dma of $97.83, with an
additional base at the 3/2 intra-day low of $96.75, bolstered by
the 30-dma of $97.11.  Look to time your entries when OAT shares
bounce off support or break above $99.33 on volume of at least
360,000 shares traded by noon. To limit our risk on the downside,
we'll keep firm stops at $96.

Picked on March 8th @ $99.33
Change since picked -0.53
Stop Loss @ $96.00

Chart = 

===

PFGC - Performance Food Group Company $48.88 (-4.81)

Performance Food Group Company held its ground on Friday after
testing support at the 50-dma. Shares of the food product
manufacturer ended Friday's session at $48.88 with 166,000 shares
changing hands. The stock remains in a downward trend but the
volume has been picking up so PFGC may be able to find a bottom.
Unfortunately, PFGC may spend some time building a base in the
$48-$51 range before it moves to new highs.  Despite the recent
weakness of PFGC, the stock is still trading above its previous
split price and the company has enough shares for a split, with
50 million shares authorized and 17.3 million shares outstanding.
We are looking for a split announcement with the May earnings
release or out of the next BoD meeting. In the meantime, support
is Thursday's intra-day low of $48.50 with additional support at
$48.19, the 50-dma.  Resistance has fallen to the 5-dma at $49.65
and then the 10-dma at $50.90. When initiating new positions,
look for a bounce off of $48.19 or a move above $49.65 on midday
volume of at least 100,000 shares by noon. We are keeping our
stops at $47 as downside protection.

Picked on February 25th @ $50.13
Change since picked -1.25
Stop Loss @ $47.00

Chart = 

===

PII - Polaris Industries Inc. $50.14 (+2.94)

Polaris Industries finished the week up 6-percent and made a
valiant effort at a new high on Friday. While both the major
indices gapped down at the open of trading, Lone Ranger PII
fought its way against the market and matched its recent 52-week
high of $51.65. Once it hit that level, the stock gave in to the
tremendous selling pressures and traded lower throughout he rest
of the day. Next week we will look for this split candidate to
conquer resistance at $51,65 and establish a new high. This type
of move should occur on strong volume in order for the stock to
follow through. We'd look for 100,000 shares traded by midday
when considering a new play on PII. Support now exists at the
half-century mark and then the 5-dma at $48.80. We are patiently
awaiting a split announcement from PII, which currently has
plenty of authorized shares to announce their first stock split.
An announcement might come with earnings or with a more bullish
environment in the market. We will post our stop loss below
support at $48.00.

Picked on February 13th at $48.70
Change since picked +1.44
Stop Loss at $48.00

Chart = 

===

WFT - Weatherford International $58.01 (+4.01)

Weatherford International, a leading provider of oil and natural
gas drilling equipment, set a new high in every session last
week. On Friday, shares of WFT traded to an all-time of $58.95
early in the session. However, the stock ended the day at $58.01
on volume of 1.66 million shares, as general market malaise
pulled the stock down. WFT has lost some of its momentum over the
past two days so the stock may need to test support before it
breaks out to new highs. The company is expected to report
earnings in April and we are looking for a split announcement
with the earnings release or out of the next BoD meeting.  WFT
already has enough shares for a split, with 250 million shares
authorized and 110 million shares outstanding and the stock is
currently trading within its historic split range. Going forward,
support is the 5-dma at $57.39 with stronger support at $55.96,
Monday's intra-day high. Resistance has moved up to Friday's
intra-day high of $58.95 followed by $60. A bounce off of $57.39
or a breakout above $58.95 on midday volume greater than 750,000
shares may be possible entry points. We are leaving our stops at
$55 to limit potential losses.

Picked on March 6th @ $56.80
Change since picked +1.21
Stop Loss @ $55.00

Chart = 



MOMENTUM PLAY UPDATES 03/11/01
===============================

BDX - Becton, Dickinson and Co. $36.00 (+0.15)

A solid line of general use medical products has helped to keep
BDX's share price stronger than most during the market collapse
at the end of the week.  Banc of America initiated coverage of
BDX last week with a "Buy" rating.  This news further helped BDX
to withstand some of the general selling pressure that many
stocks felt last week.  BDX remains a compelling play for us
because the stock was able to test its 50-DMA of $35.00 and
bounce higher.  We are also encouraged by the fact that BDX
managed to close above its 10-DMA of $35.72 on Friday.  A
positive opening on Monday could signal the continuation of a
move that should eventually test the 52-week high of $39.25.  The
MACD is still negative but is definitely showing signs of
rebounding.  The OBV is very strong and is indicating that there
is some been some solid buying of BDX during positive days.  New
entries could be considered on a bounce of the 50-dma or a rise
through resistance at $36.50 on volume of at least 400,000 shares
by midday.

Picked on February 11th @ $37.03
Change since picked -1.03
Stop Loss @ $34.50

Chart = 

===

ELY - Callaway Golf Corporation $26.51 (+1.51)

Callaway's late day rally, which lifted shares into positive
territory on Friday, may have been spurred by an upbeat news
release from the company. In the last hour of trading, ELY
announced that after merely nine weeks since its introduction in
Europe, the ERC II has been the #1 brand of driver in each of the
last seven events on the PGA European Tour. "This extensive usage
in Europe by such an impressive number of the very best players,
especially so quickly after its introduction, is a great
validation of our product," said Ely Callaway, Founder, Chairman
and CEO of Callaway Golf. Despite a gap down at the open, ELY
shares reached higher ground by Friday's closing bell, finishing
up seven cents to $26.51. Volume surpassed the 3-month average,
as 867,200 shares crossed the tape. Much of this volume came as
the stock recovered from its lows in the last 2 hours of trading,
which sets us up for some follow through on Monday. In addition,
we want to point out that the bigger picture remains in tact for
our play, as the stock continues to ascend sharply higher,
without breaking the upward trendline. The MACD and On-Balance
Volume indicators also remain strong. So, should shares continue
to reach higher levels in the upcoming week, we'll look for
further resistance to occur at the $27.18 mark (52-week high),
followed by a tougher challenge at $30. Support will come at the
5-dma of $26.26. Look to time entries when ELY shares bounce off
of support or break above $27.18 on volume of at least 400,000 by
midday.

Picked on February 25th @ $23.99
Change since picked +2.52
Stop Loss @ $25.50

Chart = 

===

LMT - Lockheed Martin Corp. $38.56 (+0.26)

Lockheed Martin Corporation failed to reach its fifth straight
52-week high on Friday due to news that the Department of Defense
is delaying a decision on whether to approve production of the F-
22 until a US weapons review is completed. Shares of the
aerospace contractor fell to an intra-day low of $38.01 before
bouncing back to close at $38.56 on volume of 1.44 million
shares. Momentum has cooled down after Wednesday's volume surge
so LMT may spend some time consolidating in the $37-$39 range.
From a technical standpoint, support is the 10-dma at $38.05 with
additional support at Wednesday's intra-day low of $37.47.
Resistance is holding steady at Thursday's intra-day high of
$39.50 and then the 6/8/99 intra-day high of $41.56. Consider
opening new positions on a bounce off of $38.05 or a breakout
above $39.50 on volume of at least 800,000 shares by noon. Our
stops remain at $35.

Picked on February 4th @ $36.40
Change since picked +2.16
Stop Loss @ $35.00

Chart = 

===

PHCC - Priority Healthcare Corporation $39.63 (-2.87)

PHCC, the national distributor of specialty pharmaceuticals, shed
6-percent this week with much of that occurring on Friday. It
should be of no surprise to anyone by now that Friday was an ugly
day in the market, and that's being polite. There were few safe
havens for traders to hide, as sell orders flooded the market in
a fairly steady stream all day. Caught in the storm was PHCC,
which shed $3.00 on Friday. The trading volume was 714,000
shares, which is 28% above the three-month average of 556,000.
The stock crashed through two support levels and came within 32
cents of triggering our stop loss. Next week we'll need to see
some life come back into this play ASAP or we'll have to say
farewell. If you are considering a new play in PHCC, look for the
stock to rise through resistance at the 20-dma at $40.71 on
strong volume as a possible entry point. Strong volume would mean
400,000 shares traded by noon. Additionally, entries should be
coordinated with a decent market rally, with emphasis in the
NASDAQ Composite Index (COMPX) and the CBOE Health Care Index
(HCX.X). We are keeping our stop loss just under foot at $39.00.

Picked on March 4th at $42.50
Change since picked -2.87
Stop Loss at $39.00

Chart = 

===

TX - Texaco, Inc. $69.94 (+3.10)

Texaco closed the week up 5-percent and recorded yet another new
52-week high. New highs are becoming as common for Texaco as golf
trophies are for Tiger Woods. This company, known worldwide for
petroleum and energy products, certainly has had its share of
positive energy lately.  We wish all of our momentum plays did
this well in the face of such adverse market conditions. TX
forged ahead on Friday despite both markets selling off into
triple digit losses. If you are considering jumping into TX next
week, possible entry points for new plays might include a bounce
off support at $69.00 or a move higher on strong volume, 1.2
million shares traded by midday. On Friday, the advance was made
on volume of 2.4 million shares, well above the three-month
average of 1.7 million shares. This is the kind of volume we like
to see for both breakouts and follow through. Though it has not
mattered as of late for TX, we'd still like to confirm buy points
with a bullish move in the Dow Jones Industrial Average (INDU)
and the Oil Service Index (OSX.X) when initiating new plays. We
have tightened our stop loss on this play to $68.00 to secure a
profit.

Picked on February 18th at $64.90
Change since picked +5.04
Stop loss at $68.00

Chart = 



=====
DROPS
=====


SPLIT RUN PLAY DROPS 03/11/01
=============================

None



SPLIT CANDIDATE PLAY DROPS 03/11/01
===================================

KRI - Knight-Ridder, Inc. $57.94 (-2.81)

We were a bit unlucky with this play.  KRI just grazed our stop
price of $57.00 during Friday's selling and subsequently
recovered some of its losses.  KRI also released some negative
news last week (the details are in Thursday's update), which
could preclude new investing in the stock, especially in this
very jittery market.

Picked on March 4th @ $60.75
Profit/Loss -3.75 (6%) (Stopped on Friday @ $57.00)
Best Profit +0.00 (0%)

Chart = 



MOMENTUM PLAY DROPS 03/11/01
=============================

None



PLAY-OF-THE-DAY
===============

Sunday, March 11, 2001
=============================

OAT - Quaker Oats Company $98.80 (+1.72)

Sunday's Comment:

Quaker Oats is seeking to boost revenue growth by 9% for its
current quarter.  To accomplish this, the company has stepped up
marketing efforts on its strongest product, Gatorade.  Turning to
Friday's action, shares of OAT gave back some ground from
Thursday's sharp rally, closing at $98.80, down $0.53.  What was
encouraging was the weak of volume. The stock normally logs
around 740,000 shares based on a three-month average, but
Friday's decline came on volume of just 281,700 shares. This is
an indication of a lack of sellers in the stock, which could be
the result of investors holding onto shares ahead of the upcoming
PepsiCo buyout. Bearing this in mind, we feel there's a good
chance the stock will continue to show more momentum on the
upside. So, to that end, look for initial resistance to come at
the $99.33 mark (all time high).  A potentially higher hurdle may
follow at the century mark, which can often times mark the top of
a rally.  Support will come at the 20-dma of $97.83, with an
additional base at the 3/2 intra-day low of $96.75, bolstered by
the 30-dma of $97.11.  Look to time your entries when OAT shares
bounce off support or break above $99.33 on volume of at least
360,000 shares traded by noon. To limit our risk on the downside,
we'll keep firm stops at $96.

Picked on March 8th @ $99.33
Change since picked -0.53
Stop Loss @ $96.00

Chart =


================================================================
Weekly Play Results (03/5 - 03/11)
================================================================

Plays   Beginning Price    Ending Price    Gain/Loss    %Change
-----   ---------------    ------------    ---------    --------

LMT         $38.30            $38.56         $0.26         0.68%
BAX         $93.33            $92.90        -$0.43        -.46%
PII         $47.20            $50.14         $2.94        -6.23%
TX          $66.84            $69.94         $3.10         4.64%
IGT         $53.84            $55.65         $0.52         3.36%
AYE         $47.00            $47.53        -$0.40         1.11%
PFGC        $53.69            $48.88         $4.81        -8.96%
ELY         $25.00            $26.51         $1.51         6.04%
GVA         $35.20            $34.55        -$0.65        -1.85%
LTR        $109.11           $116.77         $7.66         7.02%
PHCC        $42.50            $39.63        -$2.87        -6.75%
KRI         $60.75            $57.00        -$3.75        -6.17%
WFT         $56.80            $58.01         $1.21         2.13%
OAT         $99.33            $98.80        -$0.53        -0.53%


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