GILTF - Gilat Satellite Networks $84.50 +3.38 (-1.38)

This Israeli Company has been able to stave off much of the negativity this week. Satellite companies have become major players in the data transmission revolution and GILTF leads the charge in the Very Small Aperture Terminal technology which enables many companies to use satellite based data networking. A 3:1 split was announced in conjunction with the February earnings report. Earnings were solid as the Company posted profits of $1.00 per share, which was 3 cents ahead of estimates. If investors continue to concentrate on companies with solid fundamentals, GILTF stands a better chance than most of wandering back up. When the split was announced on February 28th, the Company stated that the payable date would be within 90 days. The 90 days is up on May 28th and we still do not have a payable date but obviously one is forthcoming. In the meantime, we will target the May 15th earnings release date for our exit unless the payable date comes first. GILTF found some resistance at the 10- DMA average, closing just below it. The stock seems to be building a decent base at $80 after falling precipitously from its highs at $181.50. It seems curious that the correction was for almost exactly 100 points but traders do like round numbers. You can pick up shares as long as $80 holds and look for a small stair-stepping move back up as the earnings approach. One bullish indicator is the MACD, which appears to be turning up. Just to reiterate, we will be exiting this position before the May 15th earnings release or the split payable date, whichever comes first.

Picked on May 4th @ $84.50 Change since picked 0.00

LHSP - Lernout & Hauspie $104.31 +1.88 (+7.56)

Time to go after an old friend again. LHSP is a leader in voice recognition technologies that will hopefully enable us to interface with our computers, cars and appliances in ways only imagined by science fiction authors of the past. LHSP recently picked up a valuable partner, Ford Motor's Visteon parts unit, and in order to design the next generation of voice enabled features in the automobile. Projects like these excite investors. We think that LHSP can stage a rally because earnings are coming out next week (expected after the market on Tuesday the 9th, but we will confirm the exact date) and the stock will split 2:1 on the 12th after the close. Earnings are expected to be solid for this fast growing Company. The Street is calling for profits of $0.18. We will continue to focus our efforts on comeback technology stocks that not only have solid growth prospects but also are profitable. LHSP is currently hosting a conference and a think tank to explore the role in the future for voice recognition technologies. Attendees include representatives from Dragon Systems and Microsoft. Perhaps the conference is adding a little excitement into the share price of LHSP. Technically, LHSP has had a recent history of flopping around the $100 level. With the stock closing above that psychological resistance level, we feel that LHSP is poised to make another move higher. The 5-DMA offers some support at $101 5/8, followed by support at $100. The first level of significant resistance is the 50-DMA at $107. LHSP struggled with this resistance during its last comeback and patient investors may want to wait for a close above $107 before going long. Another entry strategy could be to attempt to buy bounces off of the $100 level. The MACD, OBV and RSI are all turning up and instill us with confidence that this could become a nice winning play. We will be exiting this position in front of earnings, which should come after Tuesday's close.

Picked on May 4th @ $104.31 Change since picked 0.00

TXN - TEXAS INSTRUMENTS INC $155.50 +3.69 (-7.50)

Howdy Y'all! After a brief dismount, we welcome back Texas Instruments to our split run play list. Today, the Texas chipmaker that is the number one manufacturer of computer chips for cellular phones, made further advances in their industry. The Company issued a press release announcing the availability of its high burn-in test solution for memory and logic IC's that use an ultrafine 0.5mm-pitch chip scale package. This new technological advancement will be used in wireless devices such as cell phones and personal digital devices, which increasingly rely on fine- pitch semiconductors to achieve high performance. The Company is now less than three weeks away from their 2:1 split scheduled for May 22nd. Today, the stock held at the 10-dma on lower than average volume at 4.4 million shares. We are anticipating another run going into the split. Barring any extremely negative economic news Friday, we would like to see volume return back to over 5.5 million shares and the momentum move higher. An intra-day bounce off the buck fifty mark ($150) or a profound move through $160 on good volume would be good entry points. Plan any new positions carefully around the economic data released Friday. Additionally, the Dow is resting on the 10,400 level and the NASDAQ at 3,740. The NASDAQ will need to cross through 3760 and the DOW 10,480 to prove themselves. Use the momentum of these two indexes as your guide before establishing a bullish play. Plan to exit in front of the payable date for the split.

Picked on May 4th @ $155.50 Change since picked 0.00

NEW SPLIT CANDIDATE PLAYS

EMLX - Emulex Corp. $62.63 +4.63 (+17.25)

With a move that has seen EMLX nearly double from its correction lows, EMLX is our disaster play dujour. EMLX lost an incredible 189 points from its highs in a very short span of time. This is a good Company, and surprise, they have earnings and they sport a more reasonable PE of 80. There is certainly a fair amount of overhead resistance as investors who failed to exit are going to be thrilled to get out anywhere close to what they paid for their shares. EMLX has proprietary technology that enables companies to satisfy their ever-growing data storage needs through fibre channel networks. If there is one truth about the technology revolution it is that there is a voracious appetite for data and EMLX will be there to make the use and storage of vast amounts of data possible. One technical aspect about EMLX that intrigues us is the huge gap from $78 to $64. EMLX is very close to attempting to close that gap and if the stock closes above $64.38, it seems very likely that the stock will rally to at least $78. We have no problem going after percentage moves such as these. If the rally fails, look for support at $60. The MACD is turning up and relative strength is still strongly oversold. We do not have any immediate pending reasons to exit this position.

Picked on May 4th @ $62.63 Change since picked 0.00

MXIM - Maxim Integrated Products Inc. $67.25 +3.12 (+2.44)

Is the future analog or digital? Either way, Maxim stands to benefit. By producing and designing products for real-world occurrences, Maxim Integrated (MXIM) is a leading provider of analog and digital devices for measuring temperature, pressure and speed. Still confused? Simply put, these circuits are used in disk drives, battery rechargers and data recorders. Demand for these products has caused a steady increase in stock prices. Currently trading in the area of its most recent split, we feel the company may soon seek to increase the number of authorized shares for a split to follow. Presently, the company currently has 277.6 million shares outstanding and 480 million shares authorized. To add excitement to the play, the stock will be added to the S&P 500 on Tuesday, May 9th after the close. We've already seen some heavy volume and we should expect more as the index funds will have no choice, they have to buy the stock for the proper weighting into the index. This could give an immediate boost to prices, which have found consolidation in a tight 4-day range. Our resistance points will be initially set at the top of the current consolidation range ($68.44) and will follow at $70, then the all-time high of $74.50. Look to open new positions if the stock can break through resistance areas. As for support, look for $65, which is the 50-dma. Lower down is the 10-dma at $63.60. If prices should drop through this level, then anticipate support at $60 to be more firm. Our target is the S&P addition on May 9th. After that, we'll be going on chart indications for our buy/sell signals. Be sure to use stops to protect your profits or limit losses.

Picked on May 4th @ $67.25 Change since picked 0.00

TIBX - TIBCO Software $89.61 +6.48 (+0.55)

Creating and marketing top-tier business software solutions has helped TIBCO (TIBX) to command a large share of this unique market. After receiving a steady boost in revenues from post Y2K worries, the company has continued to add more business partners and customer channels for future growth. The rapid influx of B2B transactions has also provided the company with strong demand for eBusiness infrastructure software solutions. As for the company's capital structure, they currently have 188.8 million shares outstanding and 1.2 billion shares authorized with a float of 22.7 million. Though presently not in pre-split territory, we feel that if momentum continues to push prices higher, a split is certainly possible. As for the chart, shares have recovered nicely from their April lows ($37.38) and have advanced sharply to the 50-dma ($95.77). A break through this level, when accompanied by good volume (1.7m or better) could send prices to more resistance at the century mark. On the downside, expect to see initial support along the $80 mark (10-dma at $80.87), with stronger support to follow at the $70 level, bolstered by the 20- dma of $70.57. Swift bounces off support, when combined with good volume, should provide us with a low-risk entry. Also, consider strength in the NASDAQ composite to confirm entry points. We'll plan on exiting ahead of the earnings report of 6/19, as is our normal policy.

Picked on May 4th @ $89.61 Change since picked 0.00

SPLIT RUN PLAY UPDATES

ANEN - Anaren Microwave Inc. $105.00 +2.12 (+1.00)

Will somebody please turn up the volume? Today Anaren Microwave mirrored the NASDAQ and traded with extremely low volume, less than half of normal. When in doubt, stay out was the theme today. With speculation of the Fed raising interest rates by 50 basis points at its next meeting, nobody was willing to take any chances. ANEN is in the business of complex microwave signal distribution for the wireless, satellite and defense electronics markets. In June, ANEN will effect their second stock split since going public in 1984. The stock managed to squeak out a gain today in light of the low volume and closed right on the 5- dma at $105. Support can be found back at the century mark. Intra-day, the stock has been pulling back to $97-$98 and then making a late afternoon run. Be careful when placing trades with such light volume as trade executions can be slow due to lack of liquidity. Resistance is still up around $110. Plan your plays with caution as the anxiety about inflation reports and the upcoming FOMC meeting continue to build.

Picked on May 2nd @ $103.25 Change since picked +1.75

EBAY - eBay Incorporated $136.94 -3.06 (-22.25)

Being the world's largest online auction community has allowed EBAY to grow almost unchallenged, broadening its presence on a global scale. As of the end of 1999, the Company had grown to over 10 million registered users, with more than 3 million products for sale. Though a well-known stock, EBAY's shares have come under some selling pressure lately. News that EBAY's chairman plans to sell $63.6 million in stock hasn't helped matters either. Selling lower over the last 2 days, shares have slipped back near the lower end of their consolidation range ($132). Look for sharp bounces off this level to generate potential entries, when accompanied by good volume (3.0m shares or better). On the upside, the stock should initially encounter some resistance at the 200-dma ($147.05), before a further advance would meet additional resistance at the top of the consolidation range ($164). Be aware that the 100-dma of $159.88 could also pose a problem, prior to prices reaching $164. Look for guidance from the Internet sector as well as the NASDAQ Composite before opening a new play.

Picked on May 2nd @ $143.38 Change since picked -6.44

JNPR - Juniper Networks Inc. $183.00 -11.87 (-29.68)

Charity, valuations and the Fed, take your pick for today's selling of JNPR. Today the California provider of high- performance IP networking systems announced it was forming a Charitable Fund valued at 10 Million dollars. The company will take a one time charge of .04 cents per share ($10 million) in the second quarter for establishing the fund. Investors weren't in the giving mood though. It's a surprising move from a company that is just getting on its feet and in the middle of a bear market. Perhaps it was just good old fashion profit taking, regardless, the stock closed down on bigger volume. The stock closed just below the 100-dma and has light support at $180. Below that we could see a retest of the April lows. Resistance is overhead at the double century mark. Watch for the two economic numbers, the non-farm payroll and the unemployment rate index for market direction. A hard bounce off $180 on good volume would make a nice entry point. With the split better than a month away, consider multiple entries by taking profits and then getting back in later, in order to ride out the waves of this market.

Picked on April 27th @ $208.94 Change since picked (-25.94)

SPLIT CANDIDATE PLAY UPDATES

AMAT - Applied Materials $97.75 +3.25 (-4.06)

Applied Materials has spent the last 2 weeks basing in the $90- $105 range. The stock tested support on Wednesday with an intra- day dip to $90 but bounced firmly, closing the day with a small loss on the session. The chip sector has been hot for most of the year and the market leaders also lead to the downside when a market selloff occurs. Fortunately, they often bounce back quickly when the market recovers. On Thursday, shares of AMAT opened in positive territory and closed above the 20-dma on strong volume. Momentum should return to the stock as we are just 4 sessions away from their earnings release on 5/10 after the bell. The Company is trading well below the previous split price, but we still may see a split announcement since any stock trading over or near $100 is a target for a split. We've seen a recent trend of companies adjusting their split prices downward to reflect a more realistic market environment. Besides, if we get an anticipatory run into the earnings report, but the Company doesn't announce a split, it won't have any bearing on our play. We'll be exiting just before the earnings report anyway. Until then, the stock has support just above Thursday's low at $94 with stronger support at $90. Place stops under $90 to limit losses. Resistance remains at the century mark and $105. Open new positions on a bounce off of $95 or a move above $100. Be sure to confirm an upside bias in the market before entering new positions. Earnings are scheduled for 5/10 after the market, be sure to close positions by that time.

Picked on Apr 30th @ $101.81 Change since picked -4.06

AMD - Advanced Micro Devices $90.00 +2.25 (+3.00)

"What me worry"? Those are the immortal words of Alfred E. Neuman, MAD Magazine poster boy. The market could use a little humor about now as fear of the evil Darth Greenspan's Fed meeting approaches. In the face of today's lower volume and worry, AMD just keeps on plugging, tacking on another couple points. Chips and Biotechs were the rave today with the SOX index gaining 1.6%. Despite Wednesday's downgrade of AMD by Josephthal & Co. to a 'hold' and a deal with privately held company HotRail postponed, AMD shrugged off the news with a small loss on the day on lower than normal volume. The company's shareholder meeting is still 3 weeks away with plenty of opportunity for a pre-split announcement run. Thursday, the stock closed just above the 5-dma at $88.60, which is now the support/consolidation area. Resistance continues to be the new high level recently achieved at $92.38. We want to see volume increase back up to over 5 million shares and the old high taken out, in order to confirm an entry point for new plays. An intra day bounce off $85 would be a good entry as well. Plan any new trades very carefully around the economic news coming out Friday and the Fed meeting next Tuesday. Suggested stop remains at $82.

Picked on April 16th @ $66.00 Change since picked +24.50

BRCD - Brocade Communication Systems $118.00 +3.25 (-6.00)

Playing a leadership role in the high-growth Internet technology market has enabled Brocade to generate a large following among its peers. Analysts have also been quick to point out the strong growth prospects for BRCD. Most recent were the comments made by Paul Johnson, analyst at Robertson Stephens, who stated, "We believe Brocade will post another strong quarterly upside surprise for the fiscal second quarter". He went on to mention that strong demand for the company's low cost switches should also add strength to second quarter results. As these comments suggest, good fundamental data is also playing a role in our earnings play. As for the stock, a breathtaking intra-day decline of 20.88 points on Wednesday definitely challenged the faint of heart. However, before the close, shares did manage to re-gain 8.75 points and close above the 100-dma of $113.06. Opening higher today, shares did an intra-day retest of the 100-dma, confirming its support. Additional support should be light at $110 and heavy at the century mark, although you might want to place a stop under the $110 level to limit additional downside. On the upside, we expect prices to first retest resistance at $120 before moving higher to test $130 and then sturdy resistance at $140, bolstered by the 50-dma or $139.38. Look to open positions when prices reverse swiftly from support or advance through resistance on good volume. Also, incorporate trailing stops to maintain profits.

Picked on April 27th @ $115.00 Change since picked +3.00

CHKP - Check Point Software Technologies $188.62 +13.19 (+15.63)

A new virus = a new threat to the Internet, which leads to a rally in the shares of CHKP. We have seen this pattern before and it is likely to continue. The second any concern about Internet security occurs, investors start buying CHKP due to the correct notion that sales will increase proportionately to the number of perceived or real threats to Internet systems. "The Love Bug" has swept through worldwide systems and poses a real threat to hard drives and e-mail servers. CHKP closed above the important resistance of $185 today and indications are for a sustained rally. If you followed our Tuesday recommendation, you may be sitting on some nice profits after picking up the stock around yesterday's lower range in the high $160's. Do not be afraid to take profits if the stock rallies to resistance near $200, since this market could easily swing in either direction and suddenly rob you of all your profits. The last move saw the shares of CHKP close just above the 50-DMA before falling back. That moving average now sits at $196.25 and will probably be a pivot point. There is a little support at the 5-DMA at $178.25.

Picked on April 27th @ $179.00 Change since picked +9.62

CMGI - CMGI Inc. $63.06 +1.00 (-8.19)

CMGI continues to trade in 10% intraday trading ranges but has failed to make a meaningful move in either direction as the stock appears to be going through a mini consolidation during these low volume days. Today did see the expected unveiling of AltaVista's new and improved search engine. The new service called "Raging Search" produced the highest scores ever on the ZD Labs Relevancy Test. AltaVista's leadership in this field should help the stock performance of its parent, CMGI. The 5-DMA has provided resistance at $65.50 the past two days. If CMGI is going to resume its advance it will have to change this pattern soon. On the plus side, the MACD still appears to trending up and indicates some more upside potential for CMGI. Relative Strength Indicator is still in the bottom third of its range, indicating a slightly oversold condition. On Balance Volume is still strongly negative as volume has generally been drying up in most stocks. You can try and go long on continued bounces at today's low of $61. Perhaps it would be prudent to wait for a break above $65.50 before going long.

Picked on April 27th @ $66.19 Change since picked -3.13

INKT - Inktomi Corporation $147.23 +2.05 (+6.70)

Creating a unique recipe for future success in infrastructure software, INKT announced today that it had signed a major agreement with Nokia, the world's largest manufacturer of cellular phones. The agreement will set the stage for delivery of next-generation wireless data services and applications to both current and third generation networks. "Today's announcement further solidifies Inktomi's position to develop the software platform to deliver the next wave of content and commerce services for the mobile generation," stated David Peterschmidt, President and CEO at Inktomi. Shares responded positively to the news and gave us a great opportunity to make intra-day profits. Opening right at our mentioned resistance level of $150, shares ran up to the 50-dma where stiff opposition was encountered. This provided us an excellent opportunity to lock in gains. For future advances at this mark, shares will once again have to re-gain resistance (previously support) at the century and a half mark, bolstered by the 5-dma ($151.34). As for support, look to the 20- dma ($137.35) to be light and more potency to follow at the 100- dma ($132.34). Consider waiting for prices to bounce off of support before initiating a new position.

Picked on April 25th @ $141.94 Change since picked +5.28

LSCC - Lattice Semiconductor $61.19 +0.56 (-6.19)

We are still waiting for a split from Lattice Semiconductor. The Company held its Annual Shareholder Meeting on Tuesday but we did not get a split announcement. As expected, some investors were disappointed and took profits during the selloff on Wednesday, taking the stock down to an intra-day low of $59.25 before making a comeback late in the day. The stock held its ground on Thursday as the NASDAQ churned in a tight range. We are now looking for a split announcement from LSCC at their next BoD meeting or with their next earnings release in July. LSCC finished up its well- received presentation at the 'Hardware Heaven' conference on Wednesday, sponsored by Merrill Lynch. Going forward, light support has come in at $60 with stronger support at $57. Set stops under $57 as protection. Resistance is now the 20-dma at $63 and then $70. Use a bounce off of $60 or a move above $63 on heavy volume to start new plays. Confirm market sentiment and sector momentum before initiating new positions. Look for an exit in the session following a split announcement or in front of the earnings release in July.

Picked on April 23rd @ $62.94 Change since picked -1.75

PMCS - PMC Sierra Inc $172.00 +2.88 (-19.88)

PMC Sierra today announced the introduction of the Industry's most Integrated CMOS OC-48c Physical Layer/Framer Device. The new PM5381 S/UNI-2488 physical framer device integrates the digital framer and processor functions together with complete analog physical layer front-end clock and data recovery. Whew! That's some heavy technical jargon. In layman terms, this new technology adds to their already large presence in broadband communication and is enabling the equipment that makes up the backbone of the Internet. The company held an analyst meeting today also, but we haven't heard any news from the meeting yet. Maybe some analysts will say something positive on Friday. During Thursday's trading, the stock hit a high of $179.94 before cooling off to $166 by lunch. The afternoon session saw a mild comeback to the close on average volume of about 5 million shares. While chip stocks were in the limelight again today, the record low volume on the NASDAQ squelched any serious gains. The stock bounced off the 20-dma average before closing just above the 10-dma. Support is at $170 with resistance above at $180, which is the 5-dma, then at the 50-dma at $190. The nice run up from the April low just may entice further profit taking Friday, be mindful of the economic reports due out and confirm new plays with market direction. Place stops under support levels, based upon your entry point and risk tolerance.

Picked on April 27th @ $182.62 Change since picked -10.62

XLNX - Xilinx $66.75 -0.06 (-6.50)

XLNX is becoming a frustrating play because the stock keeps dropping just below our suggested stop price and consequently rallies back. Short term trading can be a tricky business. We are going to keep this play because if the market springs back to life, XLNX is very likely to be an outperformer due to its leadership role in the Semiconductor Industry and its widely acclaimed products. Tech stocks were widely pounded yesterday and XLNX was not spared. This is the third time that XLNX has pulled back within its comeback rally. We will give XLNX one more chance to climb higher and take out $75. There are a couple of slightly negative technical indicators, so be careful. On Balance Volume is dropping, the MACD momentum indicator crossed back over into negative territory and the Relative Strength Indicator looks more likely to test the oversold level before any test of the overbought level. If we have a fourth down day in a row tomorrow, XLNX may be on the way to a retest of the $55 low. On the plus side, XLNX is still in an up-trending channel and if the stock rallies tomorrow, then it has probably established the lower end of the channel and the stock will move higher. You can buy the stock if it can stay above today's low print of $63.50. There is some resistance at the convergence of the 5 and 10-DMA's at $69.

Picked on April 25th @ $70.38 Change since picked -3.63

YHOO - Yahoo! $124.19 +2.12 (-6.06)

Yahoo! is searching for direction as the broader markets consolidate. On Thursday, Yahoo! Europe and CellPoint Systems AB, a subsidiary of CellPoint Inc. (CLPT), announced an agreement to co-market a person-to-person locator service for mobile phones. The service, called `Yahoo! Find-A-Friend' allows users to pinpoint the location of friends or colleagues they are trying to contact. Also in the news, Wit SoundView upgraded YHOO to "strong buy" from "buy" and set a $170 price target on the stock. All of this news had a limited effect on the stock. Shares of YHOO traded as high as $127 but reversed direction and closed the day with a $2.19 gain. It appears that the stock is basing going into the economic data and the Company's Annual Shareholders Meeting on 5/12. At the meeting, shareholders will vote on an increase in the number of authorized shares and we are holding for a split announcement (albeit a remote chance at this level) out of the Annual Meeting. In the meantime, support is holding at $120 with stronger support just underneath Wednesday's low at $116. Place stops under $116 to minimize losses. Resistance continues to hold at the 200-dma, now down to $128. Look for a bounce off of $120 or a break above $130 on heavy volume to open new positions. Confirm market momentum and sector direction before starting new plays.

Picked on April 18th @ $126.69 Change since picked -2.50

SPLIT RUN PLAY DROPS

GE - General Electric $154.00 -2.06 (-3.25)

A very negative move for blue chip stocks ahead of Friday's Employment numbers squashed the split run for GE. The early week relative strength in GE disappeared and we took a small loss. If you are still holding the stock for the split, you may yet see a final dash on the stock if the INDU can just mount a positive day. GE is a widely held stock and we believe that a large number of investors would like to own it now and after the split when it trades at a more affordable level. The payable date is Friday, so we are exiting according to our normal strategy. The stock begins trading split adjusted on Monday.

Picked on May 2nd @ $161.06 Profit/Loss -7.06 (-4%) Best Profit -1.06 (-1%)

ZOMX - Zomax Incorporated $39.75 -3.75 (-7.56)

Experiencing some noteworthy selling pressure the last few days, ZOMX has yielded a significant drop from its highs made earlier in the week. Closing just below its 200-dma ($39.85), shares showed little resistance to this level and may be an indication of near-term weakness. Given the fact that volume was also relatively strong (467k shares), we are choosing to close our position one day ahead of our scheduled exit. We'll keep a close watch on the future developments of Zomax, as we feel the company should provide us with ample opportunities in the future.

Picked on April 23rd @ $42.94 Profit/Loss = -3.19 (-7%) Best Profit = +6.06 (+14%)

BRCM - Broadcom $175.31 -0.63 (+2.94)

We waited and waited, but still no split announcement following the shareholders meeting on 4/27. Tuesday, the company introduced a new fiber optics-ready chip. Following the Tuesday morning announcement, market makers held the price up all day during Tuesday's selloff, but they opened the floodgates to sellers on Wednesday, beating the stock down to an intra-day low of $165 and triggering our stops at $173.88 along the way. Due to the non- split event and the stock hitting our stop price, we are dropping this play tonight. If you are still in BRCM, the stock is showing some relative strength in this market, so look for support levels to hold with a possible stop just below $170.

Picked on Apr 23rd @ $152.50 Profit/Loss = +21.38 (+14%) (Stopped out Wednesday @ $173.88) Best Profit = +34.75 (+23%)

SPLIT CANDIDATE PLAY DROPS

GM - General Motors Corporation $88.12 +0.06 (-7.06)

Unfortunately, we added this play during what could be the last leg up for GM as several analysts came out yesterday and stated their belief that all of the good news about GM's planned spinnoff of their remaining "H" class stock is already priced into the shares of GM. We are not going to fight this sentiment change, because the uptrend of the stock is now broken.

Picked on May 2nd @ $93.38 Profit/Loss = -5.26 (-6%) Best Profit = +1.25 (+1%)

LVLT - Level 3 Communications $82.13 +0.50 (-6.88)

Level 3 Communications had a rough day on Wednesday. The stock traded down to an intra-day low of $79.38 on heavy volume. We had stops in at $80 and were stopped out at $79.88. As we said on Tuesday, we would drop LVLT if trades below $80, so tonight, we are dropping this play, as the stock has fallen below its 20-dma. If you did not get stopped out, set tight stops under $81 and plan to exit on strength tomorrow.

Picked on Apr 18th @ $82.50 Profit/Loss = -2.62 (-3%) (stopped out Wednesday @ $94.38) Best Profit = +11.88 (+14%)

TER - Teradyne $104.94 +4.75 (-5.06)

Teradyne could not fight off the massive selling we saw in the markets yesterday and consequently we were stopped out as the $100 support could not hold. The subsequent quick rally back above $100 places TER right back on our watch list for a possible play. Hopefully, some of you left your trailing stop at $105 and you locked in some profits. If you are still holding the stock, we are encouraged by the strong comeback to hold over $100. Use a close under $100 as a signal to exit your position.

Picked on April 25th @ $103.38 Profit/Loss = -3.51 (-3%) (stopped out Wednesday at $99.87) Best Profit = +12.06 (+12%)