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| PLAY >New Drops |
Tuesday, May 22, 2001 |
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New Split Drops
None
New Candidate Drops
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TTC
- Toro Company $44.70 -1.30 (-1.15)
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TTC dropped through the bottom of its base and eventually found support just slightly below its 50-DMA of $44.91. Nevertheless, the drop was just enough to trigger our stop at $44.88. TTC will be reporting earnings tomorrow morning; therefore we would have been exiting this play at the close regardless of the intraday stop.
New Momentum Drops
| DCI
- Donaldson Company $31.63 +0.01 (+0.86)
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We saw only a modest advance during the short duration of this play. Obviously, this result is better than the alternative. Our exit from this play was precipitated by the company's earnings announcement after today's close. For the record, DCI reported profits of $0.39 a share, which was a penny better than last year's results for the same quarter. The company also said that it is instituting a hiring freeze in order to combat rising costs during these challenging times in the global economy.
Drops Index
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