Schaeffer's Options Center
Sponsored by:
Schaeffer's Daily Option Blog

by 8/25/2000 2:34 PM
Stocks quoted in this article:
On Wednesday, the AMEX North American Telecom Index (XTC 1364.96) slipped down to its worst intraday mark since late October. Yesterday, the index finished in negative territory for the fifth consecutive session. In mid-afternoon trading, though, the XTC is in the black by more than 13 points, or almost one percent. The index is apparently finding some support close to its 20-month moving average, as it shoots up toward its overhead 10-day trendline. Despite today's advance, the XTC is still beneath that technically significant 1400 level discussed earlier this week in a Market Observation by Bernie Schaeffer.

Top index performers today include Sprint FON Group (FON 32-9/16), up 5.6 percent; Qwest Communications (Q 49-13/16), up 4.5 percent; Verizon Communications (VZ 43-1/8), up 3.4 percent; Sprint PCS Group (PCS 49-7/16), up 2.9 percent; and WorldCom (WCOM 35-15/16), up 2.8 percent.
permalink


by 8/25/2000 11:52 AM
Stocks quoted in this article:
Razorfish (RAZF 13-1/8) is a cyber-consulting company. RAZF lends its advice on e-topics ranging from Web design to resource planning. The firm's clients have included Charles Schwab (SCH 36-1/16), Time Warner (TWX 88-3/8), and Giorgio Armani.

The stock is trading nearly 10 percent lower this morning after weathering a six-percent decline during Thursday's trading. Yesterday just after the closing bell, the company's president announced that he was resigning. Adding fuel to the downside fire, Deutsche Banc downgraded the shares this morning from a "strong buy" to a "buy." Since their early February peak around the 57 mark, RAZF shares have lost around three-fourths of their share value.
permalink


by 8/25/2000 10:50 AM
Stocks quoted in this article:
4Kids Entertainment (KIDE 20-13/16) is primarily responsible for the indefatigable Pokemon craze, as the company derives around 80 percent of its revenue from the licensing rights to the "pocket monsters" and other personalities and characters. Toy company Hasbro (HAS 11-3/4) accounts for 40 percent of KIDE's sales.

Throughout the last week of July, KIDE shares plummeted almost 50 percent, breaching its daily and weekly moving-average trendlines in the process. The stock has recovered slightly but has been consolidating in the 19-21 area since the beginning of this month.

This morning, KIDE is enjoying a nearly six-percent gain. This was spurred by news that the stock will replace Seitel (SEI - 14-1/2) in the S&P Small Cap 600 Index. The shares have advanced beyond their 10-day and 20-day moving averages, but they remain below all intermediate-term and long-term trendlines.
permalink


by 8/25/2000 10:50 AM
Stocks quoted in this article:
After yesterday's close, Mandalay Resort Group (MBG 26-7/8) reported second-quarter earnings of 50 cents per share, three cents ahead of expectations. The stock is up only fractionally in response, but this modest gain is good enough for a new three-year high. MBG has been steadily working its way higher over the past five months. Since its mid-March lows, the equity has more than doubled in value.

Despite the equity's consistent rally, its short-interest ratio amounts to 8.2 times the stock's average daily volume. In other words, short interest represents over eight trading days of potential buying power should these short-interest players decide to cover their positions. Such a short-covering rally could occur if MBG maintains its upward trajectory. <
permalink


by 8/25/2000 10:49 AM
Stocks quoted in this article:
Level Three Communications (LVLT 76-15/16) is up over four percent in mid-morning trading after a major brokerage firm upgraded the stock from a "buy" to a "strong buy." The stock has been heating up over the past few days. From its intraday low on August 17, LVLT has appreciated by 32 percent.

This price action has taken the stock right up to its declining 20-week moving average. The shares have not managed a close above this trendline since March 31. In addition, the security is attempting to overtake its 20-month moving average, which it closed below last month.

Option activity on LVLT is beginning to pick up steam this morning with the bulk of the action coming on the call side. The busiest option so far is the September 85 call with 681 contracts in volume. <
permalink


Featured Brokers
ADVERTISEMENT
Unusual Option Volume
Option Flow
ADVERTISEMENT
ADVERTISEMENT
Most Active Stocks
Most Active Option Strikes
Largest Open Interest

Partner Center

© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.