Stockscom Alert for Wednesday Oct 13 2004

Publisher: Colin Alexander     Editor: Ken Wilson

Subscriptions and Administration: Pierre Fichaud (toll-free: 866-487-9711)

 

 

DAccenture (ACN) announced that while financial results were as expected, their costs have become challenging and this was unsettling to investors who promptly dropped shares in ACN. As a consequence, upside potential has been rudely discarded and we recommend exiting this position on Thursday morning.

Wesco Int'l (WCC) has struggled through 2 days of falling prices despite the fact that there is no news being released to justify the drop. We initiate a stop at 21.00 as we believe that there is a reasonable expectation that the drop has been completed and that support at this level will hold.