THC is a healthcare services company that owns or operates general hospitals and related healthcare facilities serving urban and rural communities in 18 states. As of 11/99, the Company operated 113 hospitals. For the 6 months ended 11/30/00, revenues rose 3% to $5.81B.Earnings before accounting change increased 25% to $329M. Results reflect increases in patient volumes and revenues, cost control measures and lower borrowings.

April 17, 2001

Tenet Healthcare, which owns and/or operates 110 hospitals across the country, has been on the move ever since it reported excellent earnings on April 4th. The company beat Wall Street's consensus estimates of $0.58 by two pennies. Third quarter earnings were 24% above the same quarter a year ago. Although the current P/E of 39.15 is pretty healthy, the stock, nevertheless, offers growth investors one of the few opportunities for investment in this market. Consequently, these investors have driven THC to a new high of $47.75 today. A split announcement also becomes more likely as the stock plows into un-chartered territory. OBV and Money Flow are both on the rise, as momentum buying appears to be in full force. One possible concern is the RSI, which is close to a level that has previously sparked a little profit taking. A move above $47.75 tomorrow, accompanied by first hour trading volume over 250,000 shares, may provide the next buying opportunity.

Picked on April 17th @ $46.98
Profit/Loss +0.00
Stop Loss $43.88

April, 19, 2001

The shocking rate cut yesterday caused market participants to reevaluate their portfolios, and, unfortunately, many of them decided that health care stocks were not the place to be. Selling safety stocks such as THC and buying technology value stocks has been this week's theme. Consequently, we were immediately stopped out of this new position.

Picked on April 17th @ $46.98
Profit/Loss -3.10 (7%) (Stopped Wednesday @ $43.88)
Best Profit +0.02 (0%)