CHINA - China.com $110.00 +3.50 (-18.11)

China.com Corporation is a Pan-Pacific Internet company. The Company owns a network of portals that deliver information and access to content, community and commerce Chinese language audiences. The network focuses on local portal services for the Greater China region. The stock went public in July of last year with very little fanfare. Late in November, shares of CHINA began to take off. The stock hit a split adjusted all-time high of $156 last week after announcing a 2:1 split. Following the announcement, the stock fell to a relative low of $104.19 in Wednesday's sell-off. The stock appears to have found a bottom and we believe it is starting to make a split run into the April 28th General Meeting, when the shareholders will vote on the proposed split. Shares of CHINA have support just above Wednesday's low, at $105. There should be additional support at the 50-dma of $103. Since starting to trade, the stock has failed to break below the 50-dma. The 50-dma is bolstered by strong psychological support at $100. Resistance is $113 (5-dma) and then $120. Start new plays on a bounce off of $103 or a breakout above $113 on strong volume. Confirm market sentiment and sector momentum before opening new positions. We will look to exit in front of the payable date, once it is set.

Picked on Mar 16th @ $110.00 Change since picked +0.00

CMRC - Commerce One $222.52 +16.52 (-35.04)

The goal of e-commerce is to lower the overall costs of transactions by minimizing inefficiencies tied to phone and faxed based processes, as well as providing a centralized area for buyers and sellers to meet. One look at the chart will tell you if e-commerce is achieving this goal. The latest estimates for the industry indicate that business to business (B2B) Internet transactions will grow from $145 billion in 1999, to $7.3 trillion in 2004. Today the company was upgraded to a strong buy by E*Offerings. Reasons sited for the upgrade were CMRC's addition of two new hubs in China and South Africa, which will further expand its already large business with top multinational companies. Just last week, (3/13) the board of directors announced a 2:1 payable on 4/19. The stock's first split performance was incredible, gaining 93% between the announcement and the split payable date. Thursday, the stock participated in a strong rebound in the B2B sector, reversing an early decline to finish at $222.52. If this upward trend continues, then some resistance is at the 10-dma ($242.21). Beyond this marker, $250 will likely show some resistance as well. Remember to watch for strong volume, which can help to verify the underlying strength of the move, prior to opening new positions. Other entry points include light support at $220, better at $210, or if the price re-tests support at $200, bolstered by the 30-dma of $201.63, and then gives a hard bounce upward. More support also lies further down at $196. Organize your exit strategies prior to the payable date of 4/19.

Picked on Feb 16th @ $222.52 Change since picked 0.00

ENGA - Engage Technologies $126.00 +4.00 (-23.00)

Engage provides products and services that allow clients to create and use profiles of individual web visitors. Their products help in the delivery of targeted advertisements, content and e-commerce offerings. The Company is one of the many holdings of Internet giant CMGI (CMGI). The stock started trading on the NASDAQ in July on 1999 and has performed wonderfully. Shares hit an all-time high on 3/7 in anticipation of earnings and a split announcement. The Board of Directors set a 2:1 stock split, payable on April 3rd. Shortly after the announcement, the stock traded down, hitting a low of $116.13 on Thursday morning. However, shares of ENGA made a strong comeback and managed to finish the day with a 4-point gain. The bounce today and the huge decline in the stock price have put ENGA on our split run list. The stock bounced hard off of $116 today, establishing that level as strong support, although higher support should be expected at the 50-dma of $124. Resistance is $130 with heavier resistance at $140. Use a bounce off of the 50- dma or a move above $130 to open new positions. Confirm sector momentum and market direction before starting new plays. Exit by 3/31

Picked on Mar 16th @ $126.00 Change since picked +0.00

MOT - Motorola, Inc. $151.75 +0.88 (-23.25)

You would be hard pressed for a better pure play on two of the hottest sectors of the market; semiconductors and wireless communications. Throw in a split and you have the makings of what could become a profitable play. Even though the 3:1 split was announced way back in February, the Company will wait for a shareholder meeting on May 1st to vote for an increase in authorized shares to effect the split. After the annual meeting they will split the stock on June 1st. Earlier this week, an analyst from Warburg Dillon Read repeated his buy rating on the Company, perhaps to re-assure investors that the heavy selling in the market was unjustified in the case of MOT. If MOT is truly oversold, we may be getting in at just the right time as MOT shares are sitting right on support of $150. The early selling in the shares could have been the final capitulation. Either way, we are more comfortable making a play on a major Blue Chip tech stock when attempting to catch a market rebound. Battered and bruised traders really like familiar names. It might be a good idea to buy MOT on a flat to slightly up opening. If you want to be patient you could wait for a close above $162 resistance before going long. There is excellent support at $146, which may be a good entry point on another downdraft.

Picked on Mar 16th @ $151.75 Change since picked 0.00

NEW SPLIT CANDIDATE PLAYS

BRCM - Broadcom $212.81 +24.88 (-30.25)

Broadcom Corporation is a leading provider of highly integrated silicon solutions that enable broadband digital data transmission. The Company has designed and developed integrated circuits for some of the most significant broadband communications equipment, including cable set-top boxes, cable modems, high-speed networking, digital broadcast satellite and terrestrial digital broadcast and xDSL. This stock has been soaring ever since it went public two years ago. The Company recently performed a 2:1 stock split. We feel that the Company will announce another split in the near future or with their next earnings release in April. They currently have enough shares for a 3:2 split, but the Company has its Annual Shareholder meeting coming up and they may decide on a 2:1 split, pending shareholder approval. The stock has been abused lately, although it did turn in an impressive gain on Thursday. Support is now the 20-dma at $209. Strong support may be at $200 or even as low as $180 if the market turns ugly again. Resistance is $225 (10-dma is at $226) and then $240. Start new plays on a bounce off of $208 or a strong move above $225 on heavy volume. Only play in a rising market. Plan to exit in front of earnings in April or following a split announcement if it comes sooner.

Picked on Mar 16th @ $212.81 Change since picked +0.00

CHKP - Check Point Software $219.13 +10.44 (-60.75)

As people rely more and more on the Internet and computer software to store important financial and/or personal information, there will always be someone lurking out there to get it. CHKP is a leading provider in the rapidly growing field of Internet and network security software (I.E. Firewalls). With the steady growth of the Internet, this industry has great potential. The Firewall market is expected to rise 40% over the next few years. Total revenues for this group were a meager $15.0 million in 1997, while 2001 is expected to skyrocket to $1.2 billion. This gives us a pretty good idea of the kind of momentum this sector is experiencing; stock prices have followed! Currently, the shares are trading above their last split-level of $192.81. Although there are only 74.4 million shares outstanding versus 95 million authorized, the current price level suggests good potential for an upcoming split once additional shares are authorized. This stock has been on a tear all year, showing few signs of weakness. Some weakness did occur this week, in stride with the market sell off. We feel this once again offers us an opportunity to catch a bounce and play this stock for an anticipatory split announcement run. Today's $31.13 bounce from the low showed great recovery strength and may mark a quick turnaround. Upside resistance for the move will likely come at $250, bolstered by both the 5 and 10-dma ($244.55 - $248.39). Look to find good price support at the $200 mark, reinforced by a 30-dma of $203.46. Further down, expect to see some support at $190, the level from which the stock bounced today. If the stock does seek support at the 30-dma or $200, confirm a bounce on good volume before initiating new plays. Otherwise, look to initiate new plays on a move above today's high of $220. We will keep you apprised as to any news of a BofD or Shareholder's meeting, either of which might trigger an announcement.

Picked on Mar 16th @ $219.13 Change since picked 0.00

HWP - Hewlett-Packard $133.00 +1.00 (-13.94)

Who hasn't heard of HP? With such a stellar reputation for their products and services, when you hear HP mentioned, you know it must be good. HWP continues its steady growth, marked by revenue increases of 20%, beating the industry average by 8%. HWP has been able to sustain these strong increases based upon their steady flow of attractive new product offerings. One such offering was released today. The HP 9000 n-class, a server used for e-commerce solutions, is currently the fastest server on the market. What's more? HWP has a newly developed e-commerce strategy for its own operations. This will further improve transaction efficiency, yielding higher gross profit margins for their business. As for the stock, it has easily outperformed the market so far this year and is also in range of another split. The Company currently has 1.0 Billion shares outstanding with 4.8 Billion authorized. This tends to further our belief that we are on the heels of another possible split announcement. HWP's strong bounce off intraday lows also managed to come off an important price support level of $124 (50-dma). Future bounces off this level will be an excellent point for opening new positions. Further support will likely be found at $118. If prices continue to regain lost ground, look to $140 for the next level of resistance. The 5 and 10-dma's ($139.64 and $141.91) give credence to this resistance level. Beyond this level, $150 offers more resistance. Look for volume to remain strong on moves through resistance before opening new plays. Look for an announcement with the mid-May earnings, if not beforehand. Look to exit in front of earnings unless an announcement comes out beforehand.

Picked on Mar 16th @ $133.00 Change since picked 0.00

RIMM - Research In Motion Limited $139.06 +19.00 (+4.06)

We searched long and hard to find a split candidate that was actually up for the week. We feel that the best opportunities lie in investing in stocks with the greatest relative strength. This designer and maker of wireless solution products certainly qualifies. You will notice that several of our plays are in wireless stocks. That is because we screen for industry strength as well as individual stock strength. Unfortunately, we do not have much to go on to qualify this stock as a split candidate. This Canadian Company has an unlimited number of authorized shares and there is not any B of D or shareholder meetings that we currently know about. However, earnings are due to be reported on April 30th, which could be a good time for a split announcement. Today's rally could be due in part to a nice order the Company received yesterday from Rogers AT&T Wireless, Canada's largest wireless provider. The order is for 10,000 BlackBerry Handhelds. This RIMM product allows for two-way e-mail communication as well as full integration of Microsoft Outlook's calendar, tasks and address book. The stock nearly mirrored the NASDAQ today by staging a very nice reversal, although it did not take out yesterday's low. Nevertheless, the very impressive close for RIMM indicates to us that the short term selling could be over for the stock. Purchases can be made above short-term support of $135. There is resistance right at the round number of $150. If the stock can take out that price with some conviction, a move to the old high of $175.75 could happen next week. We will update to any news regarding a BoD or shareholders meeting. Otherwise, look for an announcement to come with earnings. Exit in front of earnings unless an announcement comes sooner.

Picked on Mar 16th @ $139.06 Change since picked 0.00

SPLIT RUN PLAY UPDATES

AXP - American Express $143.75 +10.88 (+17.06)

We sure picked a good time to get a little "defensive" and play a Dow stock that was well off of its highs. It is not often that stocks like AXP appear on our play list. Most split plays or candidates are very fast moving momentum stocks trading at or near their highs. Obviously, AXP was a huge beneficiary these past few days, as wave after wave of buy programs hit the Dow stocks. AXP drove right through the resistance price that we mentioned on Tuesday. In fact, the $140 level barely even offered intraday resistance. It is not that surprising, considering we have never seen a Dow buying frenzy like this. Instead of questioning it we will just count the money. That said, you probably should raise your stops to lock in profits. The $140 level, now support, might be a good place to set a stop for aggressive short-term traders. Much of the Dow's stellar advance was caused by the selling of NASDAQ Futures and the purchase of S&P 500 Futures. The bulk of that activity was due to the unwinding of positions ahead of "Triple-Witching" expiration tomorrow. If that unwinding is done, it is entirely possible that the NASDAQ will start outperforming the Dow again, and AXP might start losing some of its new friends. If the rally continues, look for the next resistance level to be hit at around $151, the bottom of an old consolidation area.

Picked on Mar 9th @ $122.75 Change since picked +21.00

CSCO - Cisco Systems $131.66 +3.05 (-4.71)

Cisco is staying on the cutting edge of networking technology to provide a solid backbone for Internet growth. On Wednesday, the WSJ announced that CSCO is planning to accelerate the pace of its acquisitions, with a goal of 20 to 25 by the end of this year. Speaking at the Merrill Lynch Global Telecom Conference, Cisco's CFO Larry Carter, said that the acquisitions would focus on optical and wireless companies. Optical technology is now being seen as the next big leap in networking efficiency and capacity for Internet access. Acquisitions have allowed CSCO to generate terrific revenue growth, this in turn has kept the stock trending higher. Today the stock reversed from a five-day pattern of lower prices to close up 3.03 points or 2.35%. After an early sell-off in the first hour of trading, the stock recovered nicely, with good volume off its intra-day low of $124.31. The stock did manage to recover above its support level of $130; the next resistance is at $140. A break above this level sets the stage for a good entry. Support can now be identified at the $124 level. Price reversals off this level present an opportunity for quick profits ahead of the payable date. Plan to exit in front of the payable date of 3/22, as is our normal policy.

Picked on Mar 5th @ $137.44 Change since picked -5.77

DISH - EchoStar Communications Corp. $123.75 -6.25 (-14.25)

Shares of the direct-to-home satellite company, DISH, played part in a nice recovery today across the board. Boosting the recovery was an announcement that DISH acquired one of its minor competitors. Kelly Broadcasting Systems, which is a leading television provider of foreign language service, will be acquired by DISH for approximately $35 million in cash and stock. The acquisition will set DISH ahead of its competitor, DirecTv, as the leader for foreign-language broadcasts. As for the stock, we decided to stick with this momentum play after a terrific bounce up from intra-day lows. Although the first hour of trading saw the price break below its support of $115, heavy buying throughout the rest of the day gave us a good indication that prices may recover more. Today's recovery also managed to break through resistance (previously support) of $120, which was originally broken by yesterday's decline. Look for the next level of resistance to be found higher up at $140. Support remains intact at $120, then further down at today's low of $110.5. Potential plays may be present with bounces off support, but we believe the stock remains poised for further advances. Our stop will now be in place for price drops below $110.5. Plan to exit the stock ahead of the payable date of 3/22.

Picked on Mar 7th @ $121.50 Change since picked 2.25

HAUP - Hauppauge Digital $72.88 +0.88 (+0.06)

Hauppauge went on a wild ride along with many tech issues on the NASDAQ. The stock opened at an all-time high on Wednesday morning but quickly reversed course and traded down to close just above its 5-dma. On Thursday, HAUP traded down to its 20-dma but bounced back and finished the day with a small gain. The stock is showing pretty good support considering the market weakness. We are now just six trading days away from the 3/24 payable date for the 2:1 split. Light support is now $70 with stronger support at $65. Set stops under $65 to avoid further losses. Resistance is $75 and then the all-time high of $82. Look for a bounce off of $70 or a strong move above $75 on heavy volume to open new positions. Confirm market direction and sector momentum before starting new plays. Exit no later than 3/23.

Picked on Mar 14th @ $77.00 Change since picked -4.13

LHSP - Lernout & Hauspie $118.38 +2.19 (-1.57)

After the great early week news of a licensing agreement with AOL which drove the share price to new highs, LHSP has been a bit of a dud. LHSP showed remarkable resilience during yesterday's sell off, only to be largely ignored in today's rally. We are looking for some more good news at the right time (when the market is rallying) to propel LHSP to a re-test of its highs. If you were stopped out of this position as the stock broke support of $120, you could probably get back in here in the high $110's. The stock has built some pretty good support in here and it looks as if it is on the verge of making another nice move. A close above $120 tomorrow on good volume would be a good first step. We would raise the caution flag if LHSP were to drop below support at $110. The split is still more than a month away but we would like to remind you that we will be exiting this position before the April 28th payable date.

Picked on March 12th @ $119.94 Change since picked -1.56

NOK - Nokia Corp. $202.00 +6.0 (-13.0)

As part of it's commitment to state of the art technology, NOK announced a joint agreement with Check Point Software, a leader in securing the Internet, to manufacture and deliver the industry's most powerful and secure Internet connectivity solutions. The agreement will provide for more cost effective Internet security. This will enable each company to tap into the high growth medium and small business markets. The news announcement came after hours on Wednesday and may have lead to today's sharp turnaround in price. After a stiff 15 point decline early in the day, NOK shares rebounded from this low to close at $202. Earlier this week, we saw NOK gap through support at $206, this level now becomes resistance for future price breakouts. A move above this level, when combined with high volume, would provide for a good entry. Given a further run-up, resistance should be found at the $216 mark and again at the 52-week high of $227.06. Look to $190, then $182 for support. Use price reversals off support to signal potential plays. The payable date for Nokia's split has not been declared, so use choose your entry and exit points when price moves through support and resistance.

Picked on Mar 5th @ $221.00 Change since picked -19.00

PUMA - Puma Technology $175.75 +11.75 (-11.26)

Not surprisingly, the past few days have seen some pretty wild swings for this wireless communications software company. We are still anticipating that this "black cat" may still speed into the fast lane and not only recoup its losses for the week but also manage a new high. PUMA is a market leader and should reclaim that position if the NASDAQ correction is over. It has not been easy to stay with this stock, with the past two days having seen trading ranges of over 25 points. In fact, the ranges for the past two days have almost been identical except for one very important fact: today the stock closed at the high of its range. If PUMA can follow through tomorrow, look for the stock to possibly make an impressive comeback. As we have seen, sentiment can change very rapidly these days. In the meantime, perhaps traders will start paying attention to all of the good news that is coming out on PUMA. Yesterday, the Company announced that it will provide Lycos with 24 hour-a-day alert technology for use on the Lycos network. The key will be wireless access to these alerts. Today it was announced that PUMA will have a private placement of over 500K shares to institutional investors. Although the price has not yet been set, it should roughly be in the mid $150's, creating excellent support at that level, this upcoming event is indicative of strong interest in the Company. When determining how much to invest in this stock, keep in mind that the correct stop out point is a full 26 points lower at $150. We see a possible retest of $200 if PUMA can climb above short term resistance at $187. The split is just around the corner. We will be dropping this play no later than March 21st, just before the split.

Picked on March 5th @ $172.00 Change since picked +3.75

SFA - Scientific-Atlanta $127.50 +0.25 (-7.94)

Imagine you had been on vacation for a week and had no idea what the market was doing. When NYSE stocks start having 30% intraday ranges you know we are in the middle of unprecedented volatility. SFA was not immune to the incredible shifting sands of this market. If you look at the change for the week you would figure that SFA is having a mediocre but not a terrible week. In our last update we suggested that perhaps a good place for a stop was $131. If you sold the stock there you would have been able to avoid the agony of the drop all the way down to $115. Today's early selloff tested yesterday's low. The subsequent rally has established some pretty good support in the mid-teens. We need SFA to climb back over $131 resistance to make us more confident that the stock can get back into an uptrend. Perhaps the initiation of coverage from Morgan Stanley Dean Witter with an Outperform rating yesterday will help. If support at $115 fails, the stock could drop all the way down to the $100-$110 area, an old trading range. If the market has really recovered then we may still get a split run for SFA. We will be ending this play no later than the close of trading next Friday, 3/24.

Picked on Mar 9th @ $146.19 Change since picked -18.69

SPLIT CANDIDATE PLAY UPDATES

MSTR - MicroStrategy Inc. $248.63 -20.00 (-64.37)

Man! Talk about ungrateful! The President of MSTR has pledged $100 million of his own money to launch an online university. It is his ambitious goal to get some of the "best and brightest" to lecture for free to millions of online students. His act of charity was met with a very chilly reception as MSTR was sent tumbling down over 50 points this morning. Of course his announcement was not the only factor that caused the stock to drop, after all, he's not selling ALL of his stock to fund this venture. After the Genome bubble burst, the next most vulnerable group to be taken out back and shot were the e-commerce stocks. The charity announcement was just an excuse to sell into a panic downward spiral. That was before lunch. After lunch the e- commerce stocks suddenly looked different (must of been the shrimp cocktails). MSTR caught back more than 30 points in one of the biggest reversal days in NASDAQ market history. So now what? Despite the comeback, MSTR has suffered a lot of technical damage and it is a very risky stock. We feel that the best way to play MSTR is to watch the momentum and then go with it. This stock could go up or down 50 points or more from here very quickly. If the stock starts to rally look for some resistance first at $267.63, today's high. If things really get going, resistance can be found at the old consolidation level in the high $290's. True support is all the way down at $175, so this probably is not a play for everybody. Keep an eye out for a Split Trader alert of a split. MSTR could really move on such an announcement.

Picked on March 14th @ $292.00 Change since picked -43.38

SPLIT RUN PLAY DROPS

CMVT - Comverse Technology $196.75 +21.75 (-36.88)

Wednesday's price action saw CMVT vigorously break through heavy support at $200 and close at $176, well below our stop of $198. Heavy selling in the NASDAQ prompted many of the momentum players to run for cover this week. When trading stocks that are very volatile and are pushed up by strong momentum, such as CMVT, it is always wise to set a stop below heavy support and stick with it. This stock will likely remain a good momentum play for future runs; we'll monitor the stock for further opportunities.

Picked on Mar 12th @ $233.63 Profit/Loss = -35.63 (-15%)(calculated at our $198 stop) Best Profit = -7.94 (-3%)

INSP - InfoSpace.com $225.06 +29.94 (-19.87)

Over this last week, INSP has shown susceptibility to selling pressure in technology issues. This was witnessed by price retracement through major support at $200. There is generally a good indication of a probable shift in trend when volume picks up (4.0m vs. 1.9m) on a break through support. Our stop level, which was placed at $195, offered the stock every opportunity to resume its momentum run until enough was enough. This stock, along with many others in the B2B sector are highly volatile and generate good momentum runs. We'll keep you posted on future plays as they present themselves.

Picked on Feb 10th @ $191.50 Profit/Loss = +3.50 (+2%) (calculated at our $195 stop) Best Profit = +85.50 (+45%)

NEWP - Newport Corporation $140.00 +17.50 (-33.63)

Newport has been having a rough week. The stock was a prime target for profit taking and it got whacked. Shares of NEWP blew through all support levels as the fiber optic stocks came under considerable pressure. Our stops went off on Wednesday, taking us out of this play for now. The stock is a momentum play, which means that it flies when the sector is hot, but it also gets crushed in a negative market. If you did not get stopped out on Wednesday set tight stops under $138 and look for signs of strength to close positions.

Picked on Mar 9th @ $178.50 Profit/Loss = -33.50 (-19%) (calculated at our $145 stop) Best Profit = +4.50 (+3%)

NTAP - Network Appliance $182.56 +9.50 (-54.31)

On Wednesday, NTAP traded down on heavy volume (8.0m vs. 2.5m) and closed well below our stop of $188. NTAP proved to be one of several technology issues that proved to be very susceptible to corrections in the NASDAQ. One signal of an early warning sell-off, which prompted our stop of $188, was the volume increase on Tuesday (4.0m). We remain optimistic with this stock, and will follow it closely for future opportunities that may re- occur.

Picked on Mar 5th @ $199.94 Profit/Loss = -11.94 (-6%) (calculated at our $188 stop) Best Profit = +48.06 (+24%)

SPLIT CANDIDATE PLAY DROPS

CLRN - Clarent Communications $125.00 -5.50 (-44.25)

Clarent fell as the value call swept through the market. On Wednesday, shares of CLRN violated major support levels on its way down to the 20-dma. The recent action in this stock makes a strong case for using stops, as you should have exited using the $148 stop we set on Tuesday, which would have got you of this one on Wednesday and avoided over 20 points of downside since then. If you didn't get out already, place a tight stop under $123 and plan to exit on strength on Friday.

Picked on Feb 29th @ $109.25 Profit/Loss = +38.75 (+45%) (calculated at our $148 stop) Best Profit = +69.50 (+64%)

CREE - Cree Inc. $150.69 -12.31 (-43.31)

CREE is looking pretty sick and it is not where we want to park our money if this NASDAQ comeback continues. CREE was crushed over 35 points in the early going. Sure, it had a nice comeback, but the stock still closed down double digits when so many of the leaders of the NASDAQ finished substantially up on the day. This relative weakness forces us to drop CREE as a play.

Picked on Feb 27th @ $175.88 Profit/Loss -25.19 (-14%) Best Profit +26.13 (+15%)

FIBR - Osicom Technologies Inc. $120.00 0.00 (-18.88)

As mentioned in Tuesday's write-up, FIBR was a one-day play on Wednesday, with an exit no later than the close. After several attempts to close above resistance at $145, the stock finally dropped below its lower consolidation level of $125. Strong volume on the upside would have been a good indication for a possible close above $145, but this never came to fruition. Instead, trading in its consolidation range showed weaker than average volume, which was a precursor to the decline. FIBR did not announce a split Wednesday night. On top of that, the company failed to announce earnings as expected. Public Relations is one area where this firm needs to improve.

Picked on Feb 22nd @ $92.56 Profit/Loss = +27.44 (+30%) (calculated at our $120 stop) Best Profit = +57.19 (+62%)

SEBL - Siebel Systems $135.38 +9.00 (-27.51)

Siebel continued to slide on Wednesday. The stock was already in trouble and the negative market sentiment only made matters worse. Shares of SEBL fell below strong support, falling to a low of $126 on heavy volume. This should have triggered your stops as it did ours, taking us out of this play at the $135 stop we told you to set on Tuesday night. Despite the drop over recent days, we have a nice gain. If you did not get stopped out already, plan to exit on strength tomorrow. Set tight stops under $133 for added protection.

Picked on Feb 22nd @ $121.88 Profit/Loss = +13.12 (+11%) (calculated at our $135 stop) Best Profit = +53.25 (+44%)

VIGN - Vignette $242.50 -9.75 (-54.50)

Wednesday morning, Vignette announced that its Board of Directors had set a 3:1 stock split with a payable date of 4/13. The stock was as high as $287.69 early in the morning but lost its momentum as the day wore on due to weakness in the e-commerce software sector. Now that the Company has announced the split, we are dropping this play, but will look for entries as this stock enters its split run. If you still have open positions on VIGN, plan to close them on strength on Friday.

Picked on Feb 27th @ $228.75 Profit/Loss = +23.50 (+10%) (calculated at Wednesday's close of $252.25) Best Profit = +73.25 (+32%)