Option Investor
Newsletter

Daily Newsletter, Wednesday, 9/2/2009

Table of Contents

  1. Market Wrap
  2. New Option Plays
  3. In Play Updates and Reviews

Market Wrap

Economic News Not Too Bad, but Nobody Cared

by Judy Alster

Click here to email Judy Alster
The ADP employment report came out Wednesday, informing us that employment in the U.S. private sector fell by 298,000 in August. It was not terrible news.

According to ADP's results, the goods-producing sector cut 152,000 jobs in August, including 74,000 in manufacturing, which turned out to be the smallest decline since July 2008. Goods producers are drawing down inventory, as we know, and because of that, their need to lay off workers could be coming to an end.

Moreover, nonfarm private employment in the service-providing sector fell by 146,000, which could qualify as "only 146,000," since it's down from the service numbers in the previous report. Let's consider that a hopeful sign.

Actually, the ADP total job losses were the fewest in any month since last September, having averaged close to 700,000 in the first quarter and 500,000 in the second quarter. According to the firm that designs and computes the ADP survey, this trend should continue and the job market may even begin to show job growth by the last two months of the year. (I think that's a little optimistic, but I could be wrong.)

SERVICE SECTOR CUTS SLOWING DOWN:

The ADP report doesn't include the government sector, though. Economists believe, and anecdotal evidence would seem to back it up, that we may start seeing an increase in government jobs due to the economic-stimulus plan enacted earlier this year and a general upsizing of government (with the possible exception of the Post Office).

By the way, although ADP only picks up their customer activities, it's still a respectable trend indicator. Despite the slowdown in job losses, practically everything ended lower:

MARKET INDEXES, WEDNESDAY, SEPT. 2:

Evidently the market was looking for a positive surprise; there was even talk that we'd see job gains this month in the ADP report. (Yeah, well, we all wanted a pony for our seventh birthday and that didn't happen either.) After opening lower in response to the news, the major indexes soon moved off their lows; but despite several fairly encouraging economic reports, they fiddled around all day and ended fractions lower:

DOW JONES:

S&P500:

NASDAQ:

Earlier in the morning, and foreshadowing the ADP numbers, Challenger's layoff count announcement fell in August, to 76,456 from July's 97,373. Their government component, with a lot of post office cuts, made up half of all layoffs. Non-government categories showed easing levels.

The big Bureau of Labor Statistics employment report comes out Friday. Stay tuned.

Bad economic data is often good for precious metals. Thanks to the blah private-sector jobs report that pressured the dollar and made precious metals look like a good place to invest, gold futures jumped Wednesday to their highest level in three months after a long stretch of sideways trading. Gold for December delivery ended up $22, or 2.3%, at $978.50 an ounce on the Comex division of the New York Mercantile Exchange, at one point topping $981. It was the highest settlement since June 4.

The dollar fell against most major currencies after the ADP report was announced.

THE DOLLAR:

GOLD PRICES:

SPDR Gold Trust, along with miners like Yamana Gold (AUY) and Gold Fields (GFI), had double-digit jumps in volume.

In "lite" news, productivity in the second quarter was revised up slightly with the Labor Department's updated estimate for the quarter. Overall, productivity was up (okay, on cost cutting) by businesses as reflected by a drop in unit labor costs. Q2 productivity was revised to an annualized 6.6% boost from the initial estimate of 6.4%, a little better than estimates. Unit labor costs were revised to an annualized drop of 5.9%, about in line with estimates.

Year-over-year, productivity grew 1.9% in the second quarter, after a 1% gain in the first. Unit labor costs also fell, to minus 1.2% from minus 0.1%.

MANUFACTURING PRODUCTIVITY, annualized percentage change:

As I've said many times, often until people start to leave the room, cutting jobs and hours to get a rise in productivity and a drop in unit labor costs doesn't really improve consumer earning power. Nor is it the way we want to see profits increased. I promise I won't say it again. For a few weeks.

And from the Commerce Department, factory orders were up 1.3% in July, the biggest increase since June of last year and extending a run of decent gains including that nearly 1% rise in June. Durable goods orders, boosted by an aircraft-related jump 18.5% in transportation goods, jumped 5.1 percent for the biggest gain in two years (plus 4.9 percent first reported).

Motor vehicle orders fell 1.3% with this component likely to reverse given empty dealer lots following the big cash-for-clunkers stimulus promotion. Sadly, nondurable goods orders fell 1.9%, the largest drop this year and reflecting declines in petroleum and coal products.

LIGHT MOTOR VEHICLE SALES, seasonally adjusted:

Inventories were down 0.7% in the month. Shipments were unchanged, but they included a second month of solid gains for capital goods.

The factory sector has already bottomed and genuinely looks like it's beginning to recover. Declining inventories are nice. Let's see some real hiring.

The Energy Information Administration reported a mild 0.4 million barrel draw in crude oil and a big 3-million barrel draw in gasoline last week. A 1.2-million barrel buildup in distillates is offsetting that a bit, along with weak demand for jet fuel, down what you might call a whopping 12.1%. Bullish for oil, though, with gasoline demand steady at a year-over-year 0.5% with refineries operating at a somewhat-increased 87.2% of capacity, with increased runs for both gasoline and distillates.

Oil ended the day off its reaction-high, but still up a penny. Are the high-$60s where oil will remain for a while?

CRUDE PRICES:

Probably the biggest threat to a steady recovery right now is this grim specter of debt that won't go away. Sustainable economic growth needs rising consumer earning power. All consumers. We'll recover, but for the time being in fits and starts.

Speaking of oil, you may know that in the industry, a monster find is known as "an elephant." That's what giant BP Plc (BP) has on its hands in the Gulf of Mexico, if reports Wednesday are to be believed. BP said it had made the "giant" find at its Tiber Prospect by drilling one of the deepest wells ever sunk by the industry. Analysts think BP's new elephant could contain over one billion barrels of recoverable reserves. Recoverable reserves refers to how much of the "oil in place" can be exploited, anywhere from 20% on up. With a 35% recovery rate, and perhaps four billion barrels in place, BP's proven reserves would rise by 868 million barrels.

BP is already the biggest oil producer in the U.S. and biggest leaseholder in the Gulf of Mexico; it has a 62% working interest in the block; Brazilian state-controlled Petrobras (PBR) owns 20% and ConocoPhillips (COP) owns 18%. The company did nicely today:

BP PLC:

Just out of curiosity I checked to see whether the big oil find would knock alternative energy prices today. Shares of solar energy companies, at least, held fairly steady, but the industry has not had a good summer. For one thing, solar energy remains far more expensive to generate than energy from coal, oil, natural gas or even wind. (One thing keeping alternative energy alive is that $3 billion in subsidies.) The cost of solar is still out of reach of average homebuyers; solar-panelizing an average house costs something like $16,000. However, that may be about to change: A big inventory buildup and scary overcapacity are having a serious effect on the solar panel industry. Inventory is averaging 122 days this year vs. 71 days last year, while the amount of capacity actually utilized dropped from 48% last year to about 28% this year.

Making matters worse, China, already a low-cost producer, is dropping prices to $1.80 a watt for polysilicon-based products; in the third quarter of 2008, the average selling price was $4.05 a watt. And now, to reduce shipping costs, China's Suntech (STP) plans to announce by the end of the year that it will build a solar panel assembly plant in the U.S. Average selling prices could drop below $1 a watt next year and even further in 2011. As is always the way in the inevitable shake-out of any industry after the first delirious rapture, many of the 200-odd solar manufacturers may not survive. Despite its Q2 income drop, reduced 2009 forecast, Suntech should make the cut. The stock is off 33% in the last month; could be a buy for those with nerves of steel:

SUNTECH:

If you're idly wondering what's preventing highly-touted wind power from lighting your living room, it's largely due to the U.S.'s aging and ill-placed transmission lines: the lines are in or near cities, the wind is mostly out on the lonesome plains. However, Woodward Governor (WGOV) is helping utilities adapt wind systems to their power grids; it makes the equipment that turns the wind turbine's kinetic energy into electrical energy. The company saw a 38% decrease in Q2 profit due to restructuring charges, but raises its guidance for the year 2009. It could gain mightily from the stimulus package.

Another name to watch in this space is American Superconductor Corporation (AMSC), a wind-farm engineering consultant and a manufacturer of voltage regulation systems and power converters. The company not only gets upfront customer payments, it gets continuing royalty payments from its turbines. In May it reported its first quarterly profit in its history, three cents a share. It also had a backlog of nearly $560 million at the end of March. Price to earnings, earnings growth and sales ratios are all pretty high, but there's no debt, there's about $100 million in cash, and the company is moving into China and India.

AMERICAN SUPERCONDUCTOR:

And oops, the Mortgage Bankers' Association's purchase index slipped 1% last week. The refinance index fell 3.1%. Mortgage rates were down in the week with the average 30-year mortgage averaging 5.15%, down 9 basis points. Let’s chalk it up to the fact that nothing happens in late August (unless you're maybe in the toy or winter-wear business).

On a slow earnings day, homebuilder Hovnanian (HOV) reported earnings after hours. It narrowed its loss in the third quarter partly on slashed costs, partly on signed contracts for new homes, but the results disappointed Wall Street anyway. Hovnanian's results were pretty much a reflection of most major homebuilders recently: New orders are picking up as buyers respond to lower prices and other incentives, but sales remain well-below year-ago levels and profitability is, so far, out of reach.

Frantic for some really good news, I found drugmaker Sepracor (SEPR), who makes sleep-aid Lunesta, spiking 26.46% on news that the company will soon be the target of a $2.7 billion takeover effort by Japanese pharma Dainippon Sumitomo:

SEPRACOR:

Tomorrow stand by for the European Central Bank announcement (the first meeting of the month is usually interest-rate related), Jobless Claims and the Natural Gas report. Del Monte Foods (DLM), Layne Christensen (LAYN) and Ciena Corp. (CIEN) report earnings.

Also coming up: Analysts expect the early results of the back-to-school selling season to be weak Thursday when retailers report their August results. (Are you surprised?) The results will give insight into whether consumers are finally dusting off their credit cards, how well back-to-school offerings like jeans, dresses and T-shirts are being received and incidentally, how the Christmas shopping season is likely to shape up. Labor Day falls a week later this year and several states' tax-free shopping weeks occurred in August this year rather than July, which makes year-over-year comparisons difficult. Probably August and September together will give a more accurate picture. Parenthetically, retail buying for the teen market has to be one of the top 10 tough gigs in the world.


New Option Plays

Agricultural Chemicals

by James Brown

Click here to email James Brown

Editor's Note:

A few more stocks on my watch list are CLB, CHRW, and BBY. CLB is an oil services stock and shares are testing potential support near its 30-dma and the $90 level. This could be a bullish entry point but oil stocks have been somewhat volatile lately. I might wait until next week to consider an entry point. CHRW is testing its multi-month trendline of higher lows (support) and previous resistance near $55.00 (now support). This looks like a new bullish entry point but I'd use tight stops given the market's bearish tone this week. BBY is consolidating sideways in a large triangle pattern of higher lows and lower highs. Readers may want to consider strangles on this stock as a breakout from the formation should happen in the next week or two. Be sure to give yourselves enough time for the strangle to work.


NEW DIRECTIONAL CALL PLAYS

Compass Minerals - CMP - close: 54.57 chg: +1.37 stop: 51.90

Why We Like It:
If you check out a long-term weekly chart on CMP is looks like shares are poised to breakout from a long-term bearish trend. CMP has been showing some relative strength. The stock is on the verge of breaking out past its August highs and a few significant moving averages. I am suggesting a trigger to buy calls at $55.55. If triggered our first target is $59.75. We can tentatively set a second target at $64.00. FYI: The Point & Figure chart has turned bullish with a $69 target.

Suggested Options:
September strikes have more open interest but I am suggesting the Octobers. Decembers would work well too. My time frame is several weeks.

BUY CALL OCT 55.00 CMP-JK open interest= 164 current ask $2.85
BUY CALL OCT 60.00 CMP-JL open interest=  39 current ask $1.05

Annotated Chart:

Picked on September xx at $ xx.xx <-- see TRIGGER
Change since picked:       + 0.00
Earnings Date            10/28/09 (unconfirmed)
Average Daily Volume =        415 thousand 
Listed on September 02, 2009         



In Play Updates and Reviews

Traders Still Nervous

by James Brown

Click here to email James Brown


CALL Play Updates

Apple Inc. - AAPL - close: 165.18 change: -0.11 stop: 163.40

The market's bounce off the early morning lows didn't get very far. AAPL pulled back and is resting on support near $165.00 yet again. The short-term trend of lower highs over the last few days is bearish and is suggesting that AAPL will break lower. More conservative traders may want to up their stops or just exit early, especially since the market started to slip again late in the session. I'm not suggesting new bullish positions at this time. Our first target is $174.00. Our second target is $179.00. FYI: The P&F chart points to a $231 target.

Picked on   August 26 at $166.50 *(small positions 1/2 to 1/4)
Change since picked:      - 1.32
Earnings Date           10/21/09 (unconfirmed)
Average Daily Volume =        14 million  
Listed on August 25, 2009         


Allegheny Tech. - ATI - close: 28.64 change: -0.63 stop: 27.95

Traders bought the dip in ATI near support at $28.00 and its 200-dma. Unfortunately the bounce began to fade and shares lost another 2%. Aggressive traders may want to buy this dip. I'm not suggesting new positions at this time.

Our first target is $34.50. Our second target is $39.00. Time frame on the first target is only two or three weeks. The $39 target could take several weeks.

Picked on   August 31 at $ 30.25 *triggered         
Change since picked:      - 1.61
Earnings Date           10/21/09 (unconfirmed)
Average Daily Volume =       2.7 million  
Listed on August 27, 2009         


FISERV Inc. - FISV - close: 47.28 change: -0.27 stop: 46.60

FISV is still contracting. The stock is down four days in a row. Today's move is bearish with a close under its 50-dma yet FISV held support at the $47.00 level. The possibility exists that FISV has now formed a bearish double top with the July and August peaks. The August low was $46.68, which is why our stop is at $46.60. More conservative traders may want to inch their stops up toward $47.00 anyway. I'm not suggesting new positions at this time. Our first target to take profit is at $52.50. I'm setting a second target to exit completely at $54.00.

Picked on   August 21 at $ 48.60 *triggered         
Change since picked:      - 1.32
Earnings Date           10/28/09 (unconfirmed)
Average Daily Volume =       1.5 million  
Listed on August 19, 2009         


Goldman Sachs - GS - close: 158.54 change: -1.63 stop: 159.00

Goldman continues to slip. The close under $160.00 is bearish and shares are nearing technical support at their rising 50-dma. We currently have a breakout trigger but I would also watch for a dip or a bounce near $150.00 as a potential entry point to buy calls.

If GS can breakout I'm suggesting readers open small call positions (smaller than our normal trade size) at $166.75. If triggered our first target is $179.00. FYI: The Point & Figure chart is bullish with a $228 target.

Picked on   August xx at $ xx.xx <-- TRIGGER @ 166.75
Change since picked:      + 0.00
Earnings Date           10/13/09 (unconfirmed)
Average Daily Volume =       8.8 million  
Listed on August 29, 2009         


Genesse & Wyoming - GWR - close: 29.85 change: -0.48 stop: 28.90

GWR's close under $30.00 is short-term bearish and more conservative traders may want to exit early now. I'm not suggesting new positions at this time but a bounce from $29.00 could end up being a new entry point. Our first target is $32.90. Our second target is $34.75.

FYI: The plan was to use small position sizes to limit our risk.

Picked on   August 15 at $ 28.66 /gap down entry
                               /originally listed at $29.30
Change since picked:      + 1.19
Earnings Date           11/03/09 (unconfirmed)
Average Daily Volume =       230 thousand
Listed on August 15, 2009         


Grainger W.W. - GWW - close: 86.20 change: -0.08 stop: 84.75

GWW's bounce from its 50-dma didn't make it very far. That doesn't bode well for the stock. More conservative traders might want to up their stops toward yesterday's lows (near $85.60). I'm not suggesting new bullish positions at this time. Our first target is $93.50. Our second target is $97.50.

Picked on September 1 at $ 86.00 *triggered  
Change since picked:      + 0.20
Earnings Date           10/14/09 (unconfirmed)
Average Daily Volume =       635 thousand 
Listed on August 22, 2009         


iShares Financials - IYF - close: 48.86 change: -0.50 stop: 44.90

The IYF is still correcting. This ETF is now testing its 30-dma. I'm suggesting we buy calls on the IYF at $47.00 (or the $47.00-46.00 zone). If triggered our first target is $51.50. Our second target is $54.50.

Picked on September xx at $ xx.xx <-- TRIGGER @ 47.00
Change since picked:       + 0.00
Earnings Date            00/00/00
Average Daily Volume =        5.1 million  
Listed on September 01, 2009         


Legg Mason - LM - close: 26.72 change: -0.06 stop: 25.95

LM managed to hold support at its long-term trendline and its 50-dma. Yet the bounce didn't make it very far. I'm expecting another dip toward $26.00. After looking more closely at the intraday chart more conservative traders may want to abandon ship now. I'm not suggesting new positions at this time. The plan was to use small position sizes.

Our first target is $32.45. Our second target is $34.85. FYI: The P&F chart is bullish with a $39 target.

Picked on   August 28 at $ 29.50 *triggered               
Change since picked:      - 2.78
Earnings Date           07/20/09 (confirmed)
Average Daily Volume =       3.4 million  
Listed on  July 25, 2009         


Mettler Toledo - MTD - close: 86.53 change: -0.12 stop: 84.99

MTD is still trading sideways, albeit in a volatile fashion. The stock dipped to $85.34 this morning. Odds are good that if the market moves lower from here we'll be stopped out soon. I'm not suggesting new positions at this time. Our first target is $93.50. Our second target is $99.00. I am labeling this an aggressive play because volume is pretty light for this stock.

Picked on   August 27 at $ 88.50 *triggered  (1/4 normal size)
Change since picked:      - 1.97
Earnings Date           11/05/09 (unconfirmed)
Average Daily Volume =       234 thousand 
Listed on August 22, 2009         


Newmarket Corp. - NEU - close: 82.48 change: +1.53 stop: 79.00

NEU was one of the few bright spots in the market. The stock gained 1.8% as traders bought the dip near $80 again this morning. This rebound looks like another bullish entry point but I hesitate to launch new positions given the market's new bearish tone. More conservative traders might want to up their stops closer to $80.00.

Our first target to take profits is at $88.50. Our second and final target is $92.50. FYI: The Point & Figure chart is bullish with a $116.00 target.

Picked on   August 24 at $ 84.33 <- buy half now 8/24/09
                    /originally listed at $83.54, gapped higher @ 84.33
Change since picked:      - 1.85

Picked on September 1 at $ 80.50 *triggered 2nd half
Change since picked:      + 1.98
Earnings Date           10/27/09 (unconfirmed)
Average Daily Volume =       141 thousand 
Listed on August 24, 2009         


Occidental Petrol. - OXY - close: 71.81 change: -0.42 stop: 69.45

OXY is still clinging to the $72 region and its 30-dma. Unfortunately if the market or oil continues to slip OXY will most likely follow them. I'm expecting to see a dip near $70.00 or the 50-dma. I'd watch for a bounce from $70 as a potential entry point. Our first target is $77.00. Our second target is $79.85.

Picked on   August 27 at $ 72.00 *triggered         
Change since picked:      - 0.19
Earnings Date           10/28/09 (unconfirmed)
Average Daily Volume =       5.0 million  
Listed on August 26, 2009         


PPG Inds. Inc. - PPG - close: 53.93 change: -0.15 stop: 52.95

PPG is still consolidating sideways. The low today was $53.31. If the market sees another drop we'll probably get stopped out at $52.95. I'm not suggesting new positions at this time. Our first target is $59.80.

Picked on   August 28 at $ 55.65
Change since picked:      - 1.57
Earnings Date           10/27/09 (unconfirmed)
Average Daily Volume =       1.6 million  
Listed on August 27, 2009         


State Street (Bank) STT - close: 50.01 change: -0.13 stop: 49.45

STT is desperately holding on to the $50.00 level and almost lost its grip this afternoon with a dip to $49.82. If the financials slip again tomorrow I expect to be stopped out. I'd probably wait for a bounce back over $52.00 before considering new bullish positions.

Our first target is $55.00. Our second target is $59.80. Currently the Point & Figure chart is bullish with a $62 target.

Picked on   August 31 at $ 52.00 
Change since picked:      - 1.99
Earnings Date           10/13/09 (unconfirmed)
Average Daily Volume =       5.3 million  
Listed on August 19, 2009         


United Health - UNH - close: 28.66 change: +1.33 stop: 27.49

News that the Obama administration might be giving up on the government healthcare option sent healthcare stocks higher. UNH rallied 4.8%. We have a plan to buy calls on this stock with a breakout over $30.00. Our trigger is at $30.55. If triggered our first target to take profits is $34.50. Our second target is $37.50. My time frame is about eight weeks.

Picked on   August xx at $ xx.xx <-- TRIGGER @ 30.55
Change since picked:      + 0.00
Earnings Date           10/20/09 (unconfirmed)
Average Daily Volume =       9.2 million  
Listed on August 29, 2009         


U.S. Oil Fund - USO - close: 35.18 change: -0.09 stop: 34.49

The USO has now dipped to its longer-term, multi-month trendline of higher lows (support), which happens to be bolstered by its 100-dma. This pull back is a new bullish entry point to buy calls on the USO. If oil continues to slip we'll be stopped out pretty fast at $34.49. Our first target to take profits is at $39.95.

Picked on   August 31 at $ 36.50 
Change since picked:      - 1.32
Earnings Date           00/00/00
Average Daily Volume =      11.5 million  
Listed on August 15, 2009         


PUT Play Updates

Apollo Group - APOL - close: 64.30 chg: +0.67 stop: 66.55

APOL managed a little bit of an oversold bounce this morning but it stalled under the $65.00 level. This bounce looks like a better entry point to buy puts. Our first target to take profits is $57.50. Currently the Point & Figure chart is bearish with a $56 target.

Picked on September 01 at $ 63.63 
Change since picked:       + 0.67
Earnings Date            10/28/09 (unconfirmed)
Average Daily Volume =        1.9 million  
Listed on September 01, 2009         


First Solar - FSLR - close: 118.32 chg: +3.34 stop: 131.00

FSLR almost hit our target this morning. Shares dipped to $112.09 before bouncing. The rebound had trouble with the $120 level this afternoon. The trend is down but the stock is very oversold and the bounce could last longer than a day. I'm not suggesting new positions at this time. More aggressive traders may want to aim for the $100.00 level. FSLR has already hit our first target at $122.50. Our second and final target is $111.00.

Picked on   August 17 at $135.88 *triggered/gap down entry
Change since picked:      -17.56
                               /1st target hit @ 122.50 (-9.8%)
Earnings Date           11/03/09 (unconfirmed)
Average Daily Volume =       3.5 million  
Listed on August 15, 2009         


Strangle & Spread Play Updates

(What is a strangle? It's when a trader buys an out-of-the-money (OTM) call and an OTM put on the same stock. The strategy is neutral. You do not care what direction the stock moves as long as the move is big enough to make your investment profitable.)

Research In Motion - RIMM - close: 73.91 chg: +0.37 stop: n/a

RIMM is still churning sideways. Our entry zone to launch new strangles is the $74.50-75.50 range. The options suggested were the September $80 calls (RFY-IP) and the September $70 puts (RFY-UN). Our estimated cost was $2.64. We want to sell if either option hits $6.00 or higher.

Picked on   August 25 at $ 75.56
Change since picked:      - 1.65
Earnings Date           09/24/09 (confirmed)
Average Daily Volume =      11.7 million  
Listed on August 25, 2009         


Schlumberger - SLB - close: 54.06 change: -0.85 stop: n/a

SLB is drifting lower through what should be support near $55.00-54.00 and a crowd of moving averages. I am not suggesting new strangle positions at this time but readers might want to consider directional call plays.

The options we suggested were the September $60.00 calls (SLB-IL) and the September $45.00 puts (SLB-UI). Our estimated cost is $1.00 and we want to sell if either option hits $2.50 or higher.

Picked on   August 15 at $ 52.00 /gap down entry Aug. 17th
Change since picked:      + 2.06
Earnings Date           10/15/09 (unconfirmed)
Average Daily Volume =       9.2 million  
Listed on August 15, 2009         


CLOSED BULLISH PLAYS

EOG Res. Inc. - EOG - close: 69.92 change: -0.70 stop: 69.90

Crude oil continued to fall in spite of a dip in the U.S. dollar. Oil stocks were mixed but EOG managed to slip under the $70.00 level and hit our stop loss at $69.90. The next level of support for EOG is probably the 200-dma near $67.50 and after that the $65.00 level.

Previously: The plan was to trade small from the beginning to cutting our position in half now should leave us with a very small position.

Chart:

Picked on   August 26 at $ 73.25 /gap down entry point 
                               /listed at $73.98
Change since picked:      - 3.35<-- stopped @ 69.90 (-4.5%)
Earnings Date           11/03/09 (unconfirmed)
Average Daily Volume =       2.4 million  
Listed on August 22, 2009