NEW SPLIT RUN PLAYS
DOW - Dow Chemical Company $105.38 (-1.75)
Strong demand for chemical and agricultural products should bode well for the second largest chemical company in the U.S., DOW. The company has responded well to the recent cyclical recovery of chemical stocks and is set to increase its net share by 8% this year. Reasons for the increase have been due to the company's ability to generate higher profit margins. Specifically, these profit margin increases have been the result of higher chemical costs and consistent feedstock costs. These improvements helped the stock to surge 50% in 1999, which in turn lead to a 3:1 stock split announcement by the Board of Directors on 3/6. The payable date will be determined by a shareholder's meeting on May 11th. As for the stock, shares have consolidated the last couple of weeks and are now resting just above the century mark. Retracements to this level will likely provide good initial support. Beyond this mark, look to $95 for secondary support. With price advances from current levels or off support, look for some resistance to be felt at the 50-dma ($108.06). Further up, we anticipate the $120 mark, bolstered by the 200-dma ($117.80), to be stiff. Entries should be determined by good bounces off support or price breakouts through resistance. Plan on holding future positions through the shareholder's meeting of 5/11. The payable date announcement should follow.
Picked on April 23rd @ $105.38
Change since picked 0.00
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MRVC - MRV Communications $56.06 (+5.38)
MRV Communications manufactures optical high-speed networks that integrate switching, routing, remote access and fiber optic transmission systems that enable transmission of voice, video and data across enterprise, telecommunications and cable TV networks at high speeds. The stock hit an all-time high of $194.88 on 3/7 but has fallen to a relative low of $41 on 4/17. Shares of MRVC have recovered from the lows as we move closer to the earnings release on 4/27, after the bell. The company has already announced a 2:1 split, subject to shareholder approval on May 10th. If the shareholders approve the share increase, the payable date will be 5/29. On the technical side, MRVC has support at the 200-dma, now standing at $52 with further support at $41. There is resistance at $60 and then the 10-dma at $67. Look for a bounce off of the 200-dma or a move above $60 on heavy volume to open new positions. Confirm market sentiment and sector momentum before starting new plays. Plan to exit in front of earnings on 4/27 with possible re-entry after the dust settles.
Picked on April 23rd @ $56.06
Change since picked +0.00
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MU - MICRON TECHNOLOGY, INC. $125.25 (+29.94)
Pass the chips please! We welcome back Micron Technology, Inc as a split run play. The chip stocks have been making nice moves as of late, with earnings season helping to buoy the sector. Micron is a global leader in DRAM and SRAM semiconductor components primarily for use in personal computers. The company has announced a 2:1 stock split to be effected on 5/2 with 5/1 as the payable date. MU received an upgrade to a strong buy recommendation from Morgan Stanley Dean Witter on 4/18 and has enjoyed a nice week trading up almost $18.00 on Monday alone. We see this as a pre-split run and anticipate more upside as we approach May. The stock has been consolidating the last three days and may now be poised for another leg up. Average volume is about 6.2 million shares; we would like to see this level return to confirm upside movements. Today's lighter than normal volume was wide spread as investors focused on a short week. MU is also testing some resistance that was established in late March at the $125.00 price level. A move higher will also see some resistance at $132.00 before challenging the 52-week intra day high at $143.00. Support exists at the 10-dma at $116.00 then down at the century mark. Look for positive indication from the overall index combined with volume before entering any new plays. The possible resting of recent lows on the NASDAQ and the DOW could evaporate any split run chances. Set stops at $115.00 to limit losses. We will exit this play on Friday, 4/28, a day ahead of the payable date to avoid any profit-taking that may result. Confirm market direction with any new plays.
Picked on April 23rd at $125.25
Change since picked 0.00
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ZOMX - Zomax Incorporated $42.94 (-0.13)
Zomax Incorporated has done well to profit from the recent growth of DVD and multimedia-related products. Serving such customers as Microsoft and Hewlett-Packard, Zomax has built a top-tier management process service for software and computer manufacturers. Just how sought after are its services? On Tuesday, the company announced that net income surged an amazing 225% in the first quarter, combined with a 19% increase in sales. Commenting on these positive results, James T. Anderson, Chairman and CEO, stated, "Our increase in sales comes from both bringing new customers on board and increasing sales to existing customers". Following this bullish report, yesterday, the Board of Directors announced a 2:1 stock split, payable on 5/8. The split release came after shareholders had agreed to authorize an increase in shares from 25 million to 125 million earlier in the day. Now, as for the stock's performance, we believe good support should reside at $40, bolstered by the 200-dma ($38.94). Declines through this level can be expected to meet more support at Monday's low ($31.25). On the upside, look for resistance to be encountered first at the half-century mark, propped up by the 10-dma of $49.29. Just higher, expect solid resistance at $55, where both the 20 and 30-dma's reside ($54.46 and $55.81). When good volume (400k or better) accompanies a break through resistance, possible entries should be considered. Look to exit the stock ahead of the payable date of 5/8, per our normal policy.
Picked on April 23rd @ $42.94
Change since picked 0.00
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NEW SPLIT CANDIDATE PLAYS
BRCM - Broadcom $152.50 (+30.25)
Broadcom Corporation is a leading developer of highly integrated silicon solutions that enable broadband digital data transmission. The Company makes integrated circuits for use in broadband equipment such as cable set-top boxes, cable modems, digital broadcast satellite products and xDSL equipment. The stock is volatile to say the least. BRCM hit an all-time high of $253 and has traded as low as $113 within the last month. They released their earnings results and beat analysts' estimates on Tuesday night, but the stock traded lower on the news in Wednesday's session. On Thursday, BRCM recovered and looks like it may make a run into the Annual Shareholder Meeting on 4/27. Shareholders will vote on an increase in Class A and Class B authorized shares at the meeting and we are looking for a split announcement shortly afterwards. As for the stock, support starts at $150, then the 5-dma at $143 and stronger at $141. Resistance is $155 with heavier resistance at the 10-dma, now at $160. Initiate new plays on a move above $155 or a bounce off of $143. Open new positions on heavy volume, only in a rising market. Plan to exit following the Annual Meeting.
Picked on April 23rd @ $152.50
Change since picked +0.00
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CPN - Calpine Corporation $85.38 (+10.38)
Grabbing hold of the energy reigns, Calpine (CPN) is initiating an aggressive growth campaign, unheard of in the utility sector. The company, which develops and operates power generation plants, plans to aggressively expand its generating capacity more than 600% over the next five years! This rapid expansion in energy production is already providing solid results. With revenues expected to rise 40% and earnings and additional 30% in 2000, the stock has once again found itself in split territory. Shareholders will be meeting to vote for an increase in the number of authorized shares at the company's annual meeting on 5/18. This provides us an excellent opportunity to recapture lost ground ahead of that date. Currently, the shares have taken a break from a 2-year uptrend and look to be getting ready for another advance. Having just broken through a five-day consolidation at the $80 resistance level, prices now look to be heading toward further opposition at the 50-dma ($91.51). If good daily volume (800k or better) can accompany price advances through resistance, then look to open potential plays. However, if more consolidation resumes, then expect good initial support (previously resistance) at $80, reinforced by the 5, 10 and 100-dma's. Secondary support should be noted at this week's recent low of $72.13. We'll plan to hold shares through the annual shareholders meeting on 5/18 for a split announcement that may follow.
Picked on April 23rd @ $85.38
Change since picked 0.00
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LSCC - Lattice Semiconductor $62.94 (+9.15)
Lattice Semiconductor is a leading provider of high performance programmable logic devices (PLDs) and related development system software. The Company is the inventor of in-system programmable (ISP) PLDs which can be configured by the end customer as specific logic functions, enabling shorter design cycle times and reduced development costs. Shares of LSCC have been on a bumpy slide from their high of $82.63, set on 3/7. They hit a relative low of $51.69 on 4/4, rallied, then fell again. The stock has now re-tested its lows and appears to be making a run at its all-time high. The Company announced record revenue and earnings on Monday after the bell. They beat estimates by three cents and the stock reacted positively, trading as high as $67.13 on heavy volume. We are now looking for a split announcement out of their Annual Shareholder Meeting on May 2nd. At the meeting, the shareholders will vote on a proposed increase in the number of authorized shares. For now, LSCC has support at $60 (100-dma) with firm support at $55. There is resistance at the 20-dma, currently at $66 and then $70. Use a bounce off of $60 or a move above $65 to open new positions. Start new plays on heavy volume, only in a rising market. We recommend an exit following the Annual Meeting.
Picked on April 23rd @ $62.94
Change since picked +0.00
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PWAV - Powerwave Technologies Inc. $168.25 (+54.19)
Powerwave Technologies Inc. designs, manufactures and markets ultra-linear radio frequency (RF) power amplifiers for the wireless communication market. The RF power amplifiers increase the signal strength of wireless transmissions while reducing interference, or noise. As of late, PWAV has made the news with some good announcements. On 3/24, PWAV and Motorola (MOT) entered into a 5-year agreement whereby PWAV will supply MOT with base station multi-carrier power amplifiers; which in turn will be worth $50 million in incremental revenue. Days later it was announced that PWAV would be added to Standard & Poor's 400 index replacing Linear Technology. PWAV has been given numerous upgrades, the latest coming on 4/14 by CIBC World Markets to a strong buy rating. No doubt this rating came in response to PWAV announcing better than expected earnings with an 85% increase in sales from the previous year. The company has an annual meeting scheduled for 4/26. At that meeting, they will ask shareholders to increase shares from 40 million to 135 million and effect a 3 for 1 stock split. The split, if approved, will be their first since going public in December of 1996. The stock has been on a tear this week with better than double volume all week before cooling today at 776k shares. The stock closed right at its resistance level today, but with light volume across the markets it was impressive to see a positive close. We feel further upside is coming as we approach Wednesday's meeting. New positions should be accompanied with volume returning to better than 1 million shares. Once immediate resistance is broken, the next level to be challenged is the 52-week closing high at $190.00. Support is light at $160, $150 then $145. Our stop is 150.
Picked on April 23rd at $168.25
Change since picked 0.00
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WLA - Warner-Lambert Company $113.44 (+9.44)
Warner-Lambert Company operates in three main segments, Confectionery products, Consumer Health Care and Pharmaceuticals. Headquartered in Morris, NJ; the company is best known for over-the-counter products such at Sudafed, Listerine and Lubriderm lotion. We initiate coverage of WLA in expectation of a split announcement in the near future. The company currently has 867.3 million shares outstanding and 1.5 Billion authorized. Just shy of enough shares for a 2:1 but plenty for a 3:2 or they could always ask for more shares. Wednesday, the company announced earnings and reported a 35% gain in operating profits, confirming a strong trend in pharmaceutical sales throughout the industry. The profits even beat consensus estimate by .02 cents and the whisper number by.01 cents, coming in at .58 cents per share. Analysts at Dain Raucher Wessels liked the numbers enough to tag a strong buy rating onto WLA. Technically, the chart is very bullish, appearing to have shrugged off the recent market gyrations with a modest testing of the 20-dma on 4/14. Since then, the trend has been up, with volume increasing daily, until today when it cooled to 3.4 million shares which is about average. Wednesday, the stock hit a new 52-week high at $115.50 before closing down slightly at $115.00. News of a split could come at any time, though no major meetings are planned in the near future. Resistance is now the new high of $115.50 and support can be found at the 5-dma at $108.00. Below that, support is at the 20-dma at $104.00 and then the 50-dma at $99.00. New positions should be accompanied with positive volume and confirmed movement in the index. Set stops below $107.00 to limit losses.
Picked on April 23rd at $113.44
Change since picked 0.00
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SPLIT RUN PLAY UPDATES
NT - Nortel Networks Corporation $102.50 (+10.87)
In an effort to further expand its Internet applications potential, Nortel (NT) agreed to buy Architel Systems Corporation for $395 million on Wednesday. Architel, who is a leader in advanced communication support systems, will allow NT to expand and enhance its own line of Internet service products. Set for an already impressive increase in revenues this year (21%), the acquisition should accrete to additional sales later this year. As for this week's performance in the market, NT's inability to advance through our $110 resistance level lead to some end of the week selling. This decline pushed prices down to our previously mentioned support at the century mark, prior to finding interested buyers. Continue to look at the $100 mark for good support, and still further down at the recent low of $88.75. Use hard intraday bounces off these levels as an indication for new play opportunities. If the stock closes back under $100, plan to exit the play the following morning. As for resistance, look for the $120 mark to be tough, bolstered by 30 and 50-dma's ($120.94 and $120.35). Good volume (10.0m or better) will likely be a requirement for advances through this level and for an additional run back to 52-week high levels. We'll continue holding positions past the 4/27 meeting for an announced payable date. Remember to use trailing stops to lock in profits.
Picked on April 18th @ $108.75
Change since picked -6.25
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SPLIT CANDIDATE PLAY UPDATES
A - Agilent Technologies $89.94 (+7.25)
Agilent managed to be one of a small number of tech stocks that finished positive on Tuesday, Wednesday and Thursday. A great bounce up from support near $78 offered solid entry points and the buying interest carried over into Thursday. The stock was boosted Tuesday and Wednesday by news that Agilent would provide software, training and support for Motorola's next generation of PC boards and integrated circuits. Earnings are in mid-May, so an announcement is unlikely soon. Hewlett-Packard is distributing shares of Agilent to HWP shareholders on May 2nd, so we may get some selling pressure after that time. In other words, this is a short-term play that will trade on technicals - use stops placed under support to protect your profits. We may see more selling pressure in the tech stocks this week, so enter new plays only in a rising market. Resistance is just overhead at $90, so wait for a move above if you want to buy. Otherwise, support is at $84 (the 100-dma) then $80. Our stop is $83.88.
Picked on April 18th @ $87.00
Change since picked +2.94
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AMD - Advanced Micro Devices, Inc. $78.25 (+12.00)
Pass the "tweezers" please. If the high of two days is equal, the formation is called a Tweezer Top. This is according to the charting style known as Japanese Candlestick charting. This too is exactly what happened to AMD on both Wednesday and Thursday with an intra-day high of $78.94. Even though the sector has been reporting good earnings, AMD had been unable to break out to a new high above $79.25. Volume has declined quite a bit, but today's trading was light across the entire market. AMD announced on Wednesday that it is rolling out two new lines of microprocessors for notebook computers. The K6-2+ and K6-3+ chips have been geared for consumer notebooks which have been a particularly successful area as of late. Next week is the scheduled shareholders meeting on the 27th and the possible split announcement. We would like to see volume increase back near 10 million shares and a new high achieved for new plays on AMD. The stock is currently sitting on the 5-dma, which is serving as near term support. Below this level there is support at the 10-dma at $72.75. If the stock cannot break out to a new high, it may retrace back to lower support levels near $65, as it has done twice this month already. Keep stops firmly in place at $72 (just under the 10-dma) to protect profits.
Picked on April 16th @ $66.00
Change since picked +12.25
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CLRN - Clarent Corporation $53.50 (+2.62)
Clarent Corporation performed with little enthusiasm today, retreating with the NASDAQ right from the open. The company, which is a leader in Internet Protocol (IP) telephony systems, is scheduled to report earnings next week on the 25th. Although CLRN entered into an agreement with ATL Networks to widen their Enterprise IP Telephony into the UK, it had no effect on the stock today as it gave back all of Wednesday's gains. Volume lightened by 170K shares below normal, as investors apparently were more interested in the long Easter weekend. Next week will make this a very short-term play, and we will exit in front of Tuesday's earnings, scheduled after the market close. The stock is currently sandwiched between its 5-dma (support) and its 10-dma (resistance). A break above $70.00 on better than 700k shares would be a positive indicator. Support is just below at $50.00. Market commentaries today were laced with murmuring of the NASDAQ re-testing its recent lows. A new play entered on this stock would be considered highly risky. If your risk profile enables you to play this stock, we would suggest that you confirm market direction beforehand. Holding through earnings should be considered very risky too and not part of our philosophy. Expect this play to be dropped by Tuesday's close. We will watch for developments after earnings if a split announcement is made.
Picked on April 18th @ $56.75
Change since picked -3.25
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LVLT - Level 3 Communications $83.38 (+10.01)
Level 3 Communications is diverse holding company that is engaged in information services, communications and coal mining businesses throughout the world. The Company offers systems integration services allowing its customers to define, develop and implement cost-effective information services. Their reengineering services convert legacy software applications into modern networked computing environments. The stock was hopping on Wednesday, hitting an intra-day high of $88.75 before the NASDAQ turned negative. The reversal in momentum pulled LVLT back to $85.44 by the closing bell. Shares of LVLT continued to mirror the action on the NASDAQ on Thursday, falling $2.06 as the NASDAQ extended its slide. The Company has scheduled an Annual Shareholder Meeting on 5/22 and we are hoping for a split announcement in the near future or following their Shareholder Meeting. They already have enough shares for a split so an announcement could come at any time. Until then, there is support at the 5 & 10-dma, currently at $81 with stronger support at the 200-dma ($79). Place stops under $79 to limit losses. Resistance is now up to $88 (today's high) and then the 20-dma at $92. Look for a bounce off of $81 or a move above $88 on strong volume to start new plays. Confirm market sentiment and sector direction before opening new positions. We recommend an exit shortly after the Annual Meeting or in the session following a split announcement.
Picked on April 18th @ $82.50
Change since picked +0.88
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MXIM - Maxim $59.75 (+9.44)
Maxim Integrated Products makes linear and mixed-signal integrated circuits. The Company offers a wide selection of products including data converters, interface circuits, microprocessor supervisors, operational amplifiers, power supplies, multiplexers, switches, battery chargers and voltage references. These products are used in a wide variety of microprocessor-based electronics equipment, including personal computers and computer peripherals, test equipment, hand held devices, wireless communicators, broadband networks, satellite communications systems and robotics. Shares of MXIM suffered from general market weakness as the NASDAQ rally fizzled on Wednesday afternoon. The stock fell below its 5-dma of Thursday, hitting an intra-day low of $57.13, but it made a comeback late in the day, closing the session with a small gain. The Company is expected to announce earnings on 4/25 after the bell and we are looking for a split announcement to come out with the earnings release. In the meantime, there is light support just under Thursday's low at $57 with stronger support at the 100-dma, now up to $56. Place stops under $56 to lock in gains. Some resistance has shown up around the 50-dma, at $63 and then $65. Initiate new positions on a bounce off of $57 or a move above $63. Start new plays on heavy volume, only in a rising market. Look to exit in front of earnings on 4/25.
Picked on April 16th @ $50.31
Change since picked +9.44
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ORCL - Oracle Corporation $70.81 (+7.30)
Along with being the world leader in information management software, Oracle is also recognized as one of the top three players among business-to-business (B2B) marketplace builders. This segment of ORCL should see rapid growth, as global demand for e-commerce should reach an epic $7.3 trillion in 2004. Though positioned nicely to benefit from e-commerce growth, ORCL shares have faired much better than recent weakness in the B2B sector. Although slipping through its 50-dma ($74.68), ORCL still managed to finish off the week 7.25 points higher. Today's decline was weakened by a lack of strong volume (25.1m shares) accompanying the move, and is a near-term indication for a lack of sellers. However, if further selling continues, then expect the stock to find more support at the 100-dma ($62.53), and just lower at $60. To limit losses, our stop will be set at just below $60. Look to the 50-dma to represent our initial resistance point, with healthier resistance at $80, bolstered by the 30-dma ($79.20). Wait for a resumption of good volume (35m or better) to accompany a break through resistance, prior to opening new positions. If the stock manages to stay above its stop, then we'll plan on holding through the shareholders meeting (5/10).
Picked on April 16th @ $63.52
Change since picked +7.29
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TFS - Three-Five Systems $80.62 (+14.13)
Ok, the 4/27 shareholders meeting is fast approaching, so we hope the momentum can continue long enough for us to hold on and catch a split announcement. TFS is trading with relative strength after reporting great earnings on April 12th. In the current market environment, traders are looking for companies with solid numbers or high market share. Anything else is highly speculative and risky! The Nasdaq composite may see more selling in the coming week, so protect your profits in this play. $80 has been established as support now, so you may want to exit if the stock moves below $79. As for new plays, enter on bounces up from support or on moves over resistance. Current support levels are $80, $70, then $65. Resistance is at the high of $87. Enter only in a rising market. Our stop is $69.88.
Picked on April 16th @ $66.50
Change since picked +14.12
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TIBX - Tibco Software $67.88 (+19.56)
Ah! The warm feeling you get when your stock is moving higher. We were feeling great today; in fact, TIBX was the best performing stock in the entire market Thursday! We were fortunate to pick up the stock just before the Company announced new partnerships with Saturn, Altra Energy and Aether Systems in three separate agreements. In addition, TIBX offers B2B software solutions and we have seen a renewed interest in this group of stocks after positive earnings from i2Technologies, Inktomi and Commerce One. Since some selling may begin once again in the tech stocks, be sure to protect your profits. You can't lose by booking profits. Set stops just under support, based upon your entry point and risk tolerance. First support comes at $65, then $60. Our stop is $64.00. We will let our profits run unless stopped out.
Picked on April 18th @ $61.25
Change since picked +6.63
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VSTR - Voicestream Wireless $100.94 (+10.94)
After our Tuesday writeup, VSTR staged an excellent mid-day rally in Wednesday's session. Unfortunately, the Nasdaq market didn't cooperate and we ended up trading slightly lower into Thursday's close. $100 does seem to be offering some support now, albeit weak support. Thursday, rumors circulated that VSTR may soon acquire Powertel (PTEL) to gain more market share in the wireless arena. Usually, the price of the acquirer (VSTR) falls on such news. In this case, VSTR did slip 2 bucks, but we can live with that. The Company has never split and is trading well below its highs, but is still trading at a likely level for a split announcement. Earnings are approaching on May 8th, so we may get a coinciding announcement. Valuation issues may exist for this stock if investors get extremely choosy once again, so play this safe. Only enter in a rising market, on confirmed support levels or on moves over resistance. VSTR does have light support at $100, next at the 200-dma at $92, better at $90. The stock actually touched $80 during the worst of the selloff, so we are placing a hard stop at $89. Place your stops at support levels to protect current profits.
Picked on April 16th @ $90.00
Change since picked +10.94
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YHOO - Yahoo! $123.13 (+7.13)
Yahoo! Inc. is a leading Internet media company that provides branded Internet programming over an international network of web sites. YHOO offers broadcast media, personal communications and direct services including online content guides, Web search capabilities, aggregated third party content and e-mail. The stock was flying on Wednesday morning thanks to America Online's earnings announcement. Shares of YHOO traded as high as $134.50 before market weakness set it, taking the stock back to a close of $125.88 on average volume. On Thursday, YHOO was fairly calm, trading in a 10-pt range all day. The stock is trying to find a base as we move closer to the Annual Shareholders Meeting on 5/12. The shareholders are voting on a proposal to increase the number of authorized shares from 900 million to 5 billion. We are looking for a split announcement following the Annual Meeting. Going forward, support remains at $120 with additional support at $115 and the 4/17 intra-day low of $108. Place stops under $108 as protection. Resistance is hanging tough at $130, now the 10-dma, and then just above Wednesday's high at $135. Start new plays on a bounce off of $120 or a break above $130. Initiate new positions on heavy volume, only in a rising market. We recommend an exit following the Annual Meeting in May.
Picked on April 18th @ $126.69
Change since picked -3.57
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SPLIT RUN PLAY DROPS
EXDS - Exodus Communications $107.69 (+22.13)
Exodus announced earnings after the bell on Thursday. Revenues increase 346% annually, and 32% sequentially. They said that it was their first EBITDA positive quarter. However, we are not really concerned about the numbers because, as we stated on Tuesday, we are dropping this play tonight to protect against any disappointments or post-earnings selling. If you decided to stay in EXDS, we recommend placing stops under $106 and looking for an exit on Monday. Check back for updates on this stock as we anticipate re-entering for a split run prior to the 6/20 payable date for the 2/1 split.
Picked on April 16th @ $85.56
Profit/Loss = +22.13 (+26%)
Best Profit = +36.44 (+43%)
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SPLIT CANDIDATE PLAY DROPS
SDLI - SDL Incorporated $166.94 (+23.94)
Providing a quick run-up this week, SDLI furnished us a profitable pre-earnings run that we'd been anticipating. Ahead of the earnings announcement, Wednesday's final advance to $162.38, helped to cap off a 30% price increase from Monday's open. Bullish comments helped to aid this strong advance, as analysts guided investors to a stronger than expected earnings performance earlier in the week. Near term prospects look good for the company and we'll keep you posted on future plays as they develop.
Picked on April 13th @ $152.25
Profit/Loss = +10.13 (+7%) (Dropped on Wednesday's close)
Best Profit = +13.75 (+9%)
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VRSN - Verisign, Inc. $118.50 (+20.70)
Better safe than sorry. We dropped VRSN at Wednesday's close before they announced earnings. Once again the uncertainty of earnings proved negative even though they beat expectations. Versign beat First Call/Thomson Financial by .01 cents but were short of the whisper number by .01. So, today despite doubling their revenue from a year ago, the stock sold off before making an afternoon rally attempt. We stand committed to our philosophy not to hold through earnings. We will watch for future opportunities with VRSN and advise you accordingly.
Picked on April 13th at $114.69
Profit/Loss = +16.23 (+14%) (Dropped on Wednesday's close)
Best Profit = +26.06 (+23%)
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