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by 9/25/2000 12:13 PM
Stocks quoted in this article:
Anchor Gaming (SLOT – 75-3/16) is a maker of slot machines and lottery equipment. The company announced this morning that it will split its shares two for one, and it will purchase 4.6 million shares owned by Chairman Stanley Fulton and members of his family for $66.60 per share.

The stock is up more than five points, or over seven percent, in response to this news. This upswing has carried SLOT back above both its 10-day and 20-day moving averages and placed it within a chip shot of its annual high of 77-1/4 from September 7. Since its mid-March low, the security has added 142 percent to its value, using cohesive support from its uptrending 10-week moving average.

According to information from Zacks Online, there are only four analysts currently covering the equity. Any new positive coverage could give SLOT an extra boost over the short term.

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by 9/25/2000 11:23 AM
Stocks quoted in this article:
DoubleClick (DCLK – 37-15/16) provides Internet advertising services to over 1,500 websites. DCLK has been mired in a sideways trend since early June, vacillating between the 30 and 46 levels. From a longer-term perspective, the equity has been trading below its descending 20-week moving average for just over six months. This trendline is now perched directly overhead in the 39 region.

This morning before the open, DCLK announced plans to purchase @plan.inc (APLN – 8-3/4), an online marketing firm, for $120 million in cash and stock. The offer represents a 28-percent premium over APLN's closing price on Friday. APLN is trading more than 20 percent higher this morning, while DCLK is showing marginal gains.
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by 9/25/2000 11:23 AM
Stocks quoted in this article:
Sears, Roebuck and Co. (S – 34.24) is one of the largest retailers in the United States. The company is one of the oldest American firms, having opened its doors as a mail-order operation in 1893. Today, the stock and 56 other equities joined the ranks of New York Stock Exchange stocks trading in dollars and cents, rather than fractions.

Additionally, S is in the news after company officials decided to eliminate the office of the chief executive. As such, the current Chief Operating Officer is leaving the firm on October 1 to pursue other career possibilities. S is trading modestly lower in mid-morning activity today. <
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by 9/25/2000 11:19 AM
Stocks quoted in this article:
Today, Palm (PALM – 54) announced that its has formed an alliance with Motorola (MOT – 32-7/8) to co-develop and co-brand a new line of smart mobile phones. While MOT has only managed fractional gains on the news, PALM is up over three percent. After bottoming in late May, PALM has surged 170 percent higher.

The busiest PALM option so far today is the October 55 call, which has logged volume of over 5,700 contracts on open interest of 2,052 contracts. A 2,500-contract block crossed the tape near the ask in late-morning trading. <
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by 9/25/2000 11:19 AM
Stocks quoted in this article:
CIENA (CIEN – 134-5/8) announced today that Korea Telecom (KTC – 32-3/16) will use its products to develop optical transport systems in Korea. The stock has surged over 11 percent to a new all-time high in response to this news. CIEN has been a high flyer in 2000, appreciating 370 percent since the beginning of the year.

It appears that a large call position on the CIEN January 125 call has been rolled up to the January 150 call. Two large blocks totaling approximately 15,500 contracts have traded on both options. The January 125 call has open interest of 16,624 contracts, while the January 150 call sports open interest of just 72 contracts. These are two of the most-active calls on the AMEX. <
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