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Small Cap Stock of the Day
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Small Stocks Face Tough Test As Cisco Perks Up Big Stocks
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by Dr. Joe Duarte,
May 8, 2002, 6:45 Central Time
 Chart Courtesy of StockCharts.com
Business Summary:
Corvel Corp. (NNM:CRVL) manages and monitors health plans for health insurers.
Commentary:
The S&P Small Cap 600 index (SML) fell below 250 on 5-7 but continues to have rising support at 242-246. If SML can’t rally along with the markets on the Cisco news, it will be a very strong suggestion that money is about to rotate out of small caps and into the large tech stocks in the short term. The index still has room to move to the 260-280 area if it can rise above 258. But the truth is that we have to see new highs in the next few days, or the up trend may have ended. The S&P Small Cap 600 I-shares, IJR, may rally, thus we have added a new entry point.
Corvel continues to trade in its own world, while O’ Charley’s and Ruby Tuesday’s also acted well. D K Healthcare tripped our buy stop, and could well add to the festivities. We will be watching the market carefully over the next few sessions, as we look to expand our list of small cap stocks.
 Chart Courtesy of StockCharts.com
 Chart Courtesy of StockCharts.com
 Chart Courtesy of StockCharts.com
SMALL STOCK LIST
Buy D K Healthcare (NNM:DKWD) bought 5-7-02 at 35.75. 5-2 close 35.04. Stop loss 34.
IHOP Corp. (NYSE:IHP), buy at 36.50.
O’ Charley’s (NNM:CHUX), bought 5-2-02 at 25.50. 5-8 close 24.57. Stop loss 23.75.
J & J Snack Foods (NNM:JJSF), buy at 42.50.
Ruby Tuesday’s (NYSE:RI), bought 5-3-02 at 25.85. 5-7 close 25.97. Stop loss 24.75
Corvel (NNM:CRVL), bought 5-2-02 at 34. 5-7 close 34.14. Stop loss 32.75.
S&P 600 I-shares (AMEX:IJR), buy at 124.25. Stop loss 122.
Small Cap Timing with IJR and IWM
S&P 600 I-shares (AMEX:IJR), bought 5-1-02 at 126.50. 5-6 stopped out 124.75. Return (-) 1.38%.
Russell 2000 I-shares (AMEX:IWM), bought 4-10 at 101. 4-24 stopped out 101.25. Return (+) 0.24%.
Russell 2000 I-shares (AMEX:IWM), bought 3-19-02 at 100.25. 4-8 stopped out 98. Return (-) 2.25%.
S&P 600 I-shares (AMEX:IJR), bought 3-22-02 at 123. 4-4 stopped out 120.50. Return (-) 2.03%.
S&P 600 I-shares (AMEX:IJR), bought 3-15-02 at 121. 3-21 stopped out 120.75. Return (-) 0.2%.
Russell 2000 I-shares (AMEX:IWM), bought 3-1-02 at 95.50. 3-12 stopped out l 98.50. Return (+) 3.14%.
S&P 600 I-shares (AMEX:IJR), bought 3-4-02 at 116.50. 3-12 stopped out 119.75. (+) 2.8%.
S&P 600 I-shares (AMEX:IJR), bought 2-27-02 at 114.75. 2-28 stopped out 113.25. Return (-)1.3%.
S&P 600 I-shares (AMEX:IJR), bought 2-13-02 at 113.50. 2-19 stopped out 111.75. Return (-) 1.13%.
Russell 2000 I-shares (AMEX:IWM), shorted on 2-6-02 at 92.75. 2-8 stopped out 92.75. Return 0.
Recent Trades (Closed) * Last two - four weeks listed here, for complete trade history, Click Here.
Cross Country Inc. (NNM:CCRN), bought 5-1-02 at 31.50. 5-6 stopped out 31.25. Return (-) 0.79%.
DRS Technologies (NYSE:DRS), bought 4-30-02 at 45.25. 5-6 stopped out 46.75. Return (+) 3.3%.
Carreker International (NNM:CANI), bought 4-19-02 at 10.05. 4-26 stopped out at 9.60. Return (-) 4.5%.
O’ Charley’s (NNM:CHUX), bought 4-25-02 at 24.25. 4-26 stopped out 24. Return (-) 1.03%.
Photon Dynamics (NNM:PHTN), bought 4-26-02 at 52. 4-26-02 stopped out 50. Return (-) 3.84%.
Harte Hanks (NYSE:HHS), bought 4-5 at 32. 4-25 stopped out 32. Return 0.
World Fuel Services (NYSE:INT), bought 4-16-02 at 20.25. 4-24 stopped out at 20.75. Return (+) 2.47%.
Group 1 Automotive (NYSE:GPI), bought 4-15-02 at 42.10. 4-23 stopped out 44. Return (+) 4.5%.
Triad Hospitals (NYSE:TRI), bought 3-22-02 at 33.75. 4-22 stopped out 38.25. Return (+) 13.33%.
Office Depot (NYSE:ODP), bought 4-15-02 at 21.75. 4-17 stopped out 20.25. Return (-) 6.89%.
Applebee’s (NNM:APPB), bought 4-11-02 at 37.75. 4-16 stopped out 36.25. Return (-) 3.97%.
Choicepoint (NYSE:CPS), bought 4-5 at 58.50. 4-11 stopped out 59.50. Return (+) 1.7%.
IHOP Corp. (NYSE:IHP), bought 4-8-02 at 33.75. 4-11 stopped out 34. Return (+) 0.74%.
Hotel Reservation (NNM:ROOM), shorted 4-8-02 at 56.50. 4-10 stopped out 55.50. Return (+) 1.77%.
Integra Life Sciences (NNM:IART), shorted 4-5-02 at 26. 4-8 topped out 22.25. Return (+) 14.4%.


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