Option Investor
Newsletter

Daily Newsletter, Monday, 6/29/2009

Table of Contents

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

Market Wrap

Optimism Restored?

by Todd Shriber

Click here to email Todd Shriber

In the essence of keeping things simple, Monday was a nice day for the market, albeit on the light volume typical of a week leading into a holiday. Maybe it was Bernard Madoff's 150-year sentence for his orchestration of the biggest Ponzi scheme in US history that put buyers in a chipper mood. Perhaps it was the fact that the second quarter ends on Tuesday and fund managers may have been scurrying into stocks to bolster returns. Or maybe it was the familiar notion that things seem less bad than previously thought.

Regardless, buyers were in charge today and that sent the Dow up almost 91 points, or 1.1%, to 8529.38. The Nasdaq inched higher to close at 1844.06 and the S&P 500 closed up 8.33 points to 927.23 after two consecutive weekly declines. As it stands, this is the best quarterly performance for the S&P 500 since 1998.

Stats Table

While just how optimistic investors truly are remains to be seen, it is worth noting that the Chicago Board of Options Exchange Volatility Index, or VIX as it is commonly known, lost 2.5% to close at 25.29. The VIX measures the cost of using options to hedge against S&P 500 equity declines and is commonly regarded as a gauge of investor fear. Some press reports noted today's close for the VIX was below that of the day before the collapse of Lehman Brothers.

Vix chart

Monday was not an eventful day in terms of economic data, but that does not mean the rest of the week will be similarly light. Due to the Independence Day holiday, June unemployment data will be released this Thursday instead of the usual release date of Friday. Economists surveyed by Bloomberg News believe the jobless rate grew by 0.2% in June, but in the familiar refrain of less bad, that is the smallest monthly jump since November 2008.

Heading into second-quarter earnings, a positive surprise on the jobs front could be just the catalyst the bulls need to bid stocks higher. And catalysts will be needed to be sure. Today's light trading volume, while attributable to the looming holiday, could also be a sign that the summer doldrums are about to set in and given the market's sterling performance since March, many would argue the market is due for a breather. That makes Thursday's jobs number and the subsequent earnings releases all the more important for the bulls.

In another sign that the worst of bad news may have passed, Federal Reserve Bank of Boston President Eric Rosengren said today that US GDP may turn positive in the second half of this year, and if that proves to be the case, it could mean more fuel for the bulls' fire. Reports last week from the International Monetary Fund and World Bank indicated it may take the global economy longer to recover than previously expected, but if output starts to perk up in the U.S., that will likely be good news for the rest of the world.

At this point, any good news on the GDP front will be welcomed as the past couple of quarters have brought substantial declines in US ouput. Consumer confidence data for June is released on Tuesday and the estimate is for a reading of 55.3 compared to a May reading of 54.9. While not necessarily of harbinger of what to expect from the next GDP release, improved consumer sentiment is not something the market is apt to just shrug off. Take a look at the GDP chart below to get an idea of good news of any kind is welcomed.

GDP Chart

Certainly not weighing on the market's fortunes today was the pop in crude oil. Remember the days when there was a distinct divergence in the performance of black gold and the broader market? One would move higher, the other lower and vice versa. These days it appears as though the market and oil are joined at the hip. Well, that might be a touch of hyperbole, but news that Nigerian rebels attacked a Royal Dutch Shell (RDS-B) platform in that country sent light, sweet crude for August delivery higher by 3.4% to close at $71.49.

Crude chart

Exxon (XOM) and Chevron (CVX), both Dow members and the two largest US oil producers, advanced 2.2% and 1.4%, respectively. Oil is headed for its largest quarterly gain in 19 years, some press reports noted. That made the tepid trade in the Oil Services HOLDRs ETF (OIH) all the more curious today. Oil services stocks are deeply correlated to the price of crude and a close above the psychologically important $70-a-barrel level should have sparked more buying in the OIH. The ETF closed up a mere 5 cents to $99.13, below its 50-day moving average at $99.66.

OIH has not closed above $100 since June 19, and as I noted last week, its holdings may be taking a breather. Given recent trade in the ETF and major oil services stocks, crude probably needs to climb to $75 in the short-term to renew buyers' interest in this group. Oil services stocks are more volatile than their exploring and producing brethren like Exxon and Chevron, so buyers do need some impetus to get involved with the group.

OIH Chart

There was also some acquisition news out of the oil sector on Monday as Enterprise Products Partners LP (EPD, EPE) said it will purchase Teppco Partners LP (TPP) for $3.3 billion in stock, forming the nation's largest publicly traded energy partnership. The combined company will keep the Enterprise Products name and own 48,000 miles of crude oil and natural gas pipelines. Teppco previously rebuffed a $2.8 billion overture from Enterprise, but apparently could not say ''no'' this time around.

In other sector news from Monday, and feel free to be surprised, financials had the biggest gain among 10 major industries. Perhaps not so hard to believe considering the dour levels that they sank to is the fact that financials are the best performers since the March lows, nearly doubling since March 6. After all, this was the most downtrodden of sectors. Perhaps the market is signaling the worst of the credit crisis is behind us and that banks have taken a bulk of their expected write-downs to cover losses related to the subprime mortgage fiasco.

The KBW Bank Index (BKX), a measure of the 24 largest US banks, rose 58 cents to $36.99 today. That close puts it above its 50-day moving average of $36.45 and puts the 200-day moving average of $40.44 within reach in the near-term.

BKX chart

There was at least one positive catalyst for the financials today and that news emanated from where else but Goldman Sachs (GS). As I noted in the Market Monitor today, a FBR Capital Markets report said that Goldman, along with rival Morgan Stanley (MS), is flush with cash. Those record bonuses are not coming out of thin air, you know. FBR used the term ''overcapitalized'' to describe the cash positions for the two largest US investment banks and said Goldman holds between $6.6 billion and $8.6 billion in excess cash. That means the company could buyback as much as 11% of its outstanding shares.

While not nearly as impressive as Goldman, Morgan Stanley holds a tidy $1.5 billion in excess cash, though that sum could increase significantly as the company unwinds its stake in China Investment Corp. FBR said Morgan Stanley could have between $6.1 billion and $7.5 billion in excess cash by 2010 after unloading its China Investment holdings and that sum would be good enough to repurchase as much as 14% of its stock. Please note that neither company has made announcements regarding share buybacks. That was merely an anecdote from the FBR report.

Although the Nasdaq closed up only fractionally today, Microsoft (MSFT) was in the news. The world's largest software maker is looking to shed its Razorfish Internet ad agency and press reports are saying Publicis Groupe of France is a potential buyer. One analyst said Microsoft could fetch $600 million to $700 million for Razofish. Microsoft closed up 51 cents to $23.86, but the real story here is the impending release of its new operating system, Win 7.

Microsoft is up sharply since March and the company has over $23 billion in cash, giving it one of the strongest balance sheets in the U.S. If Win 7 proves to be a winner and prompts a new upgrade cycle, the stock could return to $30, a level it has not seen in over a year. The shares are well above both the 50 and 200-day moving averages and $25 represents some psychological resistance. A break above $25 could be just what the stock needs to march even higher.

MSFT chart

Looking ahead to Tuesday's trade, as previously noted, the Conference Board releases June consumer confidence data. That news is released at 9 AM New York time. The S&P/Case Shiller Home Price Index is also released at 9 AM and the expectation is for a decline of 18.63% for April after an 18.7% decline in March. The Chicago Purchasing Managers Index is expected to rise to 39 for June compared to 34.9 in May, a sign that manufacturing may be starting to rebound.

Stocks to watch include for-profit education provider Apollo Group (APOL), which reported fiscal third quarter results after the close today. I mentioned in the Market Monitor that the company was a candidate to beat estimates of $1.12 a share and it did, earning $1.26 a share. After closing down 4% during regular trading, Apollo was up the same amount in after-hours trading.

H&R Block (HRB), the largest US tax preparer, also reported results after the close Monday and the company said fiscal fourth-quarter profits rose 26%. On a per share basis, that was good for $2.09, better than the $2.05 forecast by analysts tracking the company. H&R Block said it expects to earn $1.60 - $1.80 per share in fiscal 2010. Analysts are currently calling for $1.64 a share.

Taking a look at market technicals, the S&P 500's visit below 900 was brief and the index again rests comfortably above its 50 and 200-day moving averages. Monday's close at 927.23 likely means 920 is the new support area. Oddly enough, 920 seems to have been alternating as support and resistance since May and even if a move to the 940 area is made, significant resistance awaits at 950.

Perhaps the best chance the index has to break that barrier this summer will come at the height of earnings season. Positive surprises could be just what the doctor ordered to combat lukewarm summer trade and send the S&P 500 above 950. In other words, 950 needs to be tested and broken sometime in the next several weeks or a move back down below 900 is possible.

SP500 Chart

Monday's close sent the Dow above its 50-day moving average, but the 30-stock outfit still rests below its 200-day moving average of 8479.80, which is probably a resistance point as well. Support is obviously in place at 8300. Aluminum giant and Dow component Alcoa (AA) kicks off second-quarter earnings for the index next Tuesday, but since Alcoa doesn't even trade for $11 and the Dow is a price-weighted index, even an upside surprise won't take the Dow to 8600, another critical resistance level.

Earnings reports, particularly from financials such as American Express (AXP), Bank of America (BAC) and JP Morgan Chase (JPM) are going to be what Dow watchers focus on in the coming weeks. If the Industrials are to make a serious run above the 8600 area, as I so often say, it needs to happen sooner rather than later.

Dow Chart

The Nasdaq seems well-supported at 1800, but some consecutive closes above 1850 would be nice and that didn't happen with Monday's close of 1844.06. The moving averages are not much of a downside concern right now, so a run to 1865 is probably what the bulls want to see to get excited again. That said, a break above 1900 would be a surprise, at least in the short-term.

The psychologically important level of 1900 could be eclipsed if the tech-laden Nasdaq can first make a run to 1880, which it saw earlier in June. A few closes in that range and some decent earnings surprises could take the index to 1900 in short order, but I would not bet the farm on that happening.

Nasdaq chart

With a new earnings season nearly upon us, these important technical levels become even more highly regarded. Second quarter earnings are the perfect catalysts to give the market direction for the rest of the summer and perhaps the year. If the bulls are really going to turn the corner, ''less bad'' is not going to cut it. A cool summer and a positive 2009 hinge on how many companies beat results and how many offer upside guidance for the rest of the year.


New Plays

Telecom Rally?

by James Brown

Click here to email James Brown


NEW BULLISH Plays

Vodafone Group - VOD - close: 19.52 change: +0.22 stop: 18.85

Why We Like It:
VOD looks like an aggressive buy right here. The stock is bouncing from the $19.00 level, which happens to be the middle of its trading range or the 50% retracement of its $18-20 rebound. This time VOD has additional support at its simple 200-dma near $19.00. The stock looks like it's setting up for a breakout over $20.00, which has been resistance the last two months. I consider this an aggressive buy under $20.00. More conservative traders may want to wait for the breakout (consider $20.25 as an alternative entry point). Our first target is $20.75. Our second target is $21.85. The P&F chart is bullish with a $23 target.

FYI: It's worth noting that there are rumors that the company is considering a large acquisition. The Financial Times reported today that VOD might make a bid for Deutsche Telecom's T-Mobile U.K. division allegedly worth $4 to $5 billion.

Annotated chart:

Entry on      June 29 at $19.52 
Change since picked:     + 0.00   			
Earnings Date          11/10/09 (unconfirmed)    
Average Daily Volume:       4.2 million 
Listed on  June 29, 2009    



In Play Updates and Reviews

Exiting Early

by James Brown

Click here to email James Brown


BULLISH Play Updates

Andersons Inc. - ANDE - close: 29.91 change: -0.23 stop: 27.59

After a strong bounce last week ANDE faded a bit today. Look for a dip near $29.00 as a new bullish entry point. Our first target is $34.00. My time frame is less than four weeks.

Entry on      June 25 at $29.95 
Change since picked:     - 0.04   			
Earnings Date          08/06/09 (unconfirmed)    
Average Daily Volume:       379 thousand
Listed on  June 25, 2009    


A.O.Smith Corp. - AOS - close: 32.86 change: +0.62 stop: 29.75

The rally in AOS continues and shares have broken through resistance to hit new multi-month highs. We're keeping our stop loss under $30.00 for now but more conservative traders may want to raise their stop toward the 50-dma. Our first target is $34.95. Our second target is $37.00.

Entry on      June 23 at $30.25 *triggered       
Change since picked:     + 2.61   			
Earnings Date          07/16/09 (unconfirmed)    
Average Daily Volume:       195 thousand
Listed on  June 20, 2009    


Bank of America - BAC - close: 13.19 change: +0.44 stop: 11.85

Financials were a bright spot in the market today. The sector strength started in Europe after a handful of analysts upgrades. BAC gained 3.4% and will soon challenge technical resistance at its 200-dma.

Our first target is $14.50, which is where we want to sell 50% to 75% of our position. Our second target is $16.45. Bear in mind that we probably want to exit ahead of the late July earnings report so those target look optimistic.

Entry on      June 04 at $12.24 /gap higher entry
                              /listed at $11.87
Change since picked:     + 0.95   			
Earnings Date          07/20/09 (unconfirmed)    
Average Daily Volume:       537 million 
Listed on   May 19, 2009    


Bank of Montreal - BMO - close: 43.20 change: +0.70 stop: 38.85

The bullish breakout in BMO continues. The stock is now up four days in a row. We can expect a little profit taking soon but the $42-41 levels ought to offer a little support. Our first target to take profits is $44.90. Our second target is $48.00. This could take six to eight weeks.

Entry on      June 25 at $41.38 
Change since picked:     + 1.82   			
Earnings Date          08/25/09 (unconfirmed)    
Average Daily Volume:       729 thousand
Listed on  June 25, 2009    


Bally Tech. - BYI - close: 30.17 change: -0.31 stop: 27.45

After breaking out over resistance last week the rally in BYI stalled a bit today. Broken resistance at $29.00 and at $30.00 should offer new support. I would still consider new positions now. Our first target is $32.90. Our second target is $34.90. My time frame is six to eight weeks.

Entry on      June 26 at $30.10 *triggered       
Change since picked:     + 0.07   			
Earnings Date          08/19/09 (unconfirmed)    
Average Daily Volume:       859 thousand
Listed on  June 24, 2009    


Dell Inc. - DELL - close: 13.86 change: +0.18 stop: 12.45

DELL gained another 1.3% albeit on relatively low volume. The $14.00 level could be resistance so don't be surprised to see a little profit taking. Our first target is $14.90. We have a second target at $15.95 but we want to take most of our money off the table at $14.90. My time frame is about eight weeks. FYI: The Point & Figure chart is bullish with a $20 target but it's also showing potential resistance near $14.50. More conservative traders may want to start taking profits near $14.50.

Entry on      June 09 at $12.55 
Change since picked:     + 1.31   			
Earnings Date          08/27/09 (unconfirmed)    
Average Daily Volume:        29 million 
Listed on  June 06, 2009    


Joy Global - JOYG - close: 36.80 change: +0.25 stop: 28.70

JOYG is still struggling with short-term resistance at $38.00. We're still waiting for a dip. For now the plan is to buy JOYG at $31.00. That may be wishful thinking. If we see another bounce near $33.00 we might want to jump on it. More aggressive traders may want to take a different approach and buy a breakout over $38.00 but you'll need to raise your stop loss significantly.

Entry on      June xx at $xx.xx <-- see TRIGGER  
Change since picked:     + 0.00   			
Earnings Date          09/03/09 (unconfirmed)    
Average Daily Volume:       5.3 million 
Listed on  June 23, 2009    


Legg Mason - LM - close: 25.10 change: -0.27 stop: 23.49

What happened to the rally in LM? Financials were a strong spot in the market today yet LM hit $25.61 this morning and then spent the rest of the session hugging the $25.00 level. Nimble traders might try buying a dip near $24.00. Our plan is to buy LM at $25.75. More conservative traders can wait for a move over Thursday's high of $26.74. If we are triggered at $25.75 our target is $29.75. Currently the Point & Figure chart is bullish with a $39.50 target. We do not want to hold over the late July earnings report.

Entry on      June xx at $xx.xx <-- see TRIGGER  
Change since picked:     + 0.00   			
Earnings Date          07/23/09 (unconfirmed)    
Average Daily Volume:       5.2 million 
Listed on  June 27, 2009    


Morgan Stanley - MS - close: 29.10 change: +0.48 stop: 26.95

MS continues to inch higher. I would still consider new positions now or on a dip near $28.50. Our first target is $31.75. FYI: The Point & Figure chart is bullish with a $46 target.

Entry on      June 26 at $28.60 *triggered       
Change since picked:     + 0.50   			
Earnings Date          07/22/09 (unconfirmed)    
Average Daily Volume:      29.4 million 
Listed on  June 23, 2009    


Pharma Prod. Dev. - PPDI - close: 23.26 chg: -0.06 stop: 21.95

PPDI has gone nowhere the last couple of days. Traders still bought the dip this morning so the bullish pattern of higher lows is still in place. More conservative traders may want to consider a stop closer to $22.25. Our first target is $25.90 (or its 200-dma). FYI: The Point & Figure chart is bullish with a $31.00 target.

Entry on      June 18 at $23.38 /gap higher entry
                              /originally listed at $23.05
Change since picked:     - 0.12   			
Earnings Date          07/21/09 (unconfirmed)    
Average Daily Volume:       1.5 million 
Listed on  June 18, 2009    


Western Digital - WDC - close: 26.49 chg: -0.26 stop: 23.95

WDC encountered some profit taking after Friday's big gain. Readers can use dips near $26.00 or $25.50 as new bullish entry points. Our first target is $29.75.

Entry on      June 25 at $26.10 *triggered       
Change since picked:     + 0.39   			
Earnings Date          07/23/09 (unconfirmed)    
Average Daily Volume:       4.6 million 
Listed on  June 24, 2009    


Wellpoint Inc. - WLP - close: 51.45 change: +0.11 stop: 47.85

Investors were buying dips this morning as the quarter comes to a close tomorrow. The trend in WLP is up but shares are facing very short-term resistance near $52.00. Our first target is $54.00. Our second target is $57.40.

Entry on      June 22 at $49.25 *triggered       
Change since picked:     + 2.20   			
Earnings Date          07/29/09 (unconfirmed)    
Average Daily Volume:       4.4 million 
Listed on  June 20, 2009    


U.S. Steel - X - close: 37.01 change: +0.10 stop: 33.35

Early strength in the market this morning sent X gapping higher. The stock opened at $37.39 so we have adjusted our entry point. I would still consider bullish positions here or on a dip in the $36-35 zone. We're using a relatively wide stop loss due to the stocks recent volatility. Because this is an aggressive, higher-risk trade I would only trade half or less than your normal position size. Our first target is $39.95. Our second target is $42.50.

Entry on      June 27 at $37.39 /gap higher entry
                              /originally listed at $36.91
Change since picked:     - 0.38   			
Earnings Date          07/28/09 (unconfirmed)    
Average Daily Volume:      17.8 million 
Listed on  June 27, 2009    


Dentsply Intl. - XRAY - close: 30.89 change: -0.04 stop: 28.95

XRAY has closed virtually unchanged for the last two days. Traders are buying dips near $30.50, which is bullish but they're not making it past the $31.00 level. I am suggesting bullish positions now. Our first target to take profits is $33.90. The Point & Figure chart is very bullish with a $47 target.

Entry on      June 25 at $30.87 
Change since picked:     + 0.02   			
Earnings Date          07/29/09 (unconfirmed)    
Average Daily Volume:       1.0 million 
Listed on  June 25, 2009    


BEARISH Play Updates

DuPont - DD - close: 26.01 change: +0.63 stop: 27.05

We have been expecting an oversold bounce in DD but the current bounce is a little stronger than expected. Shares are now up five days in a row. The stock is now testing resistance near $26.00. If it continues to climb shares should test very tough resistance at its 200-dma near $27.00. I would look for a failed rally near $26.00 or $27.00 as a new bearish entry point. Our first target $22.25. Our second target is $20.25.

Entry on      June 16 at $25.20 
Change since picked:     + 0.81   			
Earnings Date          07/21/09 (unconfirmed)    
Average Daily Volume:       9.1 million 
Listed on  June 16, 2009    


iShares Mexico - EWW - close: 37.01 change: +0.15 stop: 38.05

The EWW is still inching higher and posted its fourth gain in a row. Volume was very light today. I'm not suggesting new positions at this time but a failed rally near $37.00 or $38.00 could be used as a new entry point. Our target is $30.25.

Entry on      June 22 at $34.92 
Change since picked:     + 2.09   			
Earnings Date          00/00/00 
Average Daily Volume:       3.9 million 
Listed on  June 22, 2009    


Gamestop - GME - close: 22.17 change: -0.00 stop: 25.05

GME closed unchanged on Monday. The stock has been sliding sideways for about four days. The path of least resistance is down so I'm expecting the next move to be lower. More conservative traders might want to consider a stop loss near $24.50ish. The stock has already hit our first target at $22.05. Our second target to take profits is $20.25. Our third target is $18.15.

Entry on      June 02 at $24.32 
Change since picked:     - 2.15
                              /1st target hit @ 22.05 (-9.3%)
Earnings Date          08/20/09 (unconfirmed)    
Average Daily Volume:       6.3 million 
Listed on  June 02, 2009    


Gen-Probe - GPRO - close: 43.23 change: -0.61 stop: 44.05

GPRO displayed some volatility in the first few minutes this morning but it looks like resistance near $44.00 and its 200-dma is going to hold. Look for a new decline under $43.00 or today's low at $42.85 as an entry point to open bearish plays. Our first target is $38.05. Our second target is $35.25.

Entry on      June 23 at $42.03 /gap higher entry
                             /originally listed at $41.64
Change since picked:     + 1.20   			
Earnings Date          07/30/09 (unconfirmed)    
Average Daily Volume:       449 thousand
Listed on  June 23, 2009    


iShares Materials - MXI - close: 47.03 change: +0.30 stop: 48.25

Commodities and building materials are still trying to bounce and the MXI gained 0.6%. Wait and watch for a failed rally under $48.00 as a new entry point. MXI has already hit our first target at $44.00. Our second target is $41.00.

Entry on      June 16 at $47.55 
Change since picked:     - 0.52
                              /1st target hit 44.00 (-7.4%)
Earnings Date          00/00/00 
Average Daily Volume:       170 thousand
Listed on  June 16, 2009    


Raytheon - RTN - close: 45.40 change: +0.90 stop: 46.55

I have to urge some caution on RTN. In the last few sessions RTN has produced an inverse head-and-shoulders pattern and today's "breakout" over the neckline is forecasting a rise to the $46.00-46.20 zone. RTN should find resistance at $46.20 and at its 200-dma. Wait and watch for a failed rally near $46.00 before considering new positions. More conservative traders can exit now right here and then wait for a new entry point. Our first target is $40.25. The P&F chart is very bearish with a $13 target.

Entry on      June 24 at $44.22 
Change since picked:     + 1.18   			
Earnings Date          07/23/09 (unconfirmed)    
Average Daily Volume:       3.5 million 
Listed on  June 24, 2009    


Homebuilders ETF - XHB - close: 11.92 change: +0.16 stop: 12.55

The XHB is back to challenging resistance at $12.00. The action over the last few sessions has turned bullish. I would seriously consider lowering the stop loss toward $12.10 or $12.05. However, if the XHB does break through resistance at $12.00 it should find new resistance at its 200-dma near $12.50.

Our target is $10.10. I am tempted to set a longer-term target in the $9.00-8.00 region.

Entry on       May 23 at $11.96 
Change since picked:     - 0.04   			
Earnings Date          00/00/00
Average Daily Volume:        10 million 
Listed on   May 23, 2009    


CLOSED BULLISH PLAYS

3x Energy Bear ETF- ERY - close: 21.77 change: -0.92 stop: 19.95

I'm giving up on ERY. Oil is in rally mode even though inventories are at multi-year highs and the IEA just released a new report today that said demand will be below average for the next few years. More aggressive traders may want to stay with the ERY but don't let this play turn into a loss.

ERY has already hit our first target at $24.00.

chart:

Entry on      June 16 at $20.10 /gap higher entry
                              /originally listed t $19.68
Change since picked:     + 1.67 <-- exit early (+8.3%)
                              /1st target hit @ 24.00 (+19.4%)
Earnings Date          00/00/00 
Average Daily Volume:       2.7 million 
Listed on  June 16, 2009    


CLOSED BEARISH PLAYS

Pulte Homes - PHM - close: 8.97 change: +0.21 stop: 9.35

PHM is still in its trading range but it's hinting at a bullish breakout soon. I am suggesting an early exit right here. Nimble traders may even be tempted to buy a rise over $9.15 with a tight stop and a $10.00 target.

chart:

Entry on       May 20 at $ 9.38 /gap down entry
                              /originally listed at $9.52
Change since picked:     - 0.41 <-- exit early (-4.3%)
Earnings Date          07/22/09 (unconfirmed)    
Average Daily Volume:        11 million 
Listed on   May 20, 2009