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by 1/30/2001 10:37 AM
Stocks quoted in this article:
Krispy Kreme Doughnuts (KREM 68-13/16) debuted on the Nasdaq Exchange in early April 2000 in a successful initial public offering. This saw the equity nearly quadruple in value between its first day of trading and November 2. Since then, the shares have retreated more than 35 percent. This has taken the security below its 10-week and 20-week moving averages.

Today, the stock is seeing heavy trading volume as the result of an additional offering of 2.3 million shares. The lion's share of this stock is being sold by shareholders, with 200,000 shares being doled out by the company itself.

KREM is an optionable stock but is very thinly traded by the speculative crowd. The site of heaviest open interest is the out-of-the-money February 70 call, which is home to 846 contracts.
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by 1/30/2001 8:55 AM
Stocks quoted in this article:
The March Crude Oil Futures contract (.OIL - 29.06) continues to trade amid conflicting technical signals. The contract did pull back and successfully find support at its rising 20-month moving average earlier this month. The contract has hung on to consistently finish above this trendline each month. However, from an intermediate-term perspective, the contract continues to struggle as it attempts to push above its overhead 10-week moving average.
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by 1/30/2001 8:54 AM
Stocks quoted in this article:
Chip company Altera (ALTR - 29-7/16) was a strong beneficiary of the surprise Fed rate-cut on January 3, adding over 25 percent on that day. ALTR has spent the rest of the month digesting those gains. From a long-term technical perspective, the shares still have to overcome their overhead 20-month moving average, which stands at approximately 35. In yesterday's trading, the February 30 put was active. Nearly 5,400 contracts changed hands with over 4,800 contracts of the volume translating into new open interest.
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by 1/30/2001 8:53 AM
Stocks quoted in this article:
Legato Systems (LGTO - 16-1/4) have seen a sharp reversal of fortune thus far in 2001. The stock has more than doubled so far this year in a trend higher that has been supported by the 10-day moving average. In contrast, last year the stock lost nearly 90 percent of its value. Last Thursday, LGTO moved as high as 19-5/16, an area that also provided resistance for the shares in June. Yesterday, the February 15 call was active. Over 2,300 contracts changed hands on the option with 2,000 contracts of the volume translating into new open interest. Accounting for the majority of the activity was a 2,000-contract block trade that changed hands at 3-1/8.<
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by 1/29/2001 1:43 PM
Stocks quoted in this article:
Walt Disney (DIS - 30.27) announced its plans to discontinue its Go.com portal. The Walt Disney Internet Group (DIG - 4.05) will focus on content websites. DIS will convert DIG shares to DIS shares at a ratio of 0.19353 DIS shares for each DIG share. DIS is expected to issue 8.1 million additional shares and sees a non-cash write-off of 37-cents per shares.

DIG shares were halted with a bid/ask spread of 5.25/5.75 versus a last trade of 4.05. In contrast, DIS shares have started to depart from their intraday peak at 30.60.
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