Lots of New 52-Week Lows

The week closed on Monday with six GDT::Portfolio stocks making new 52-week lows.

   [Monday, 19 July 2004]

   America West..........  $6.70
   Cray..................  $5.14
   Drugstore.com.........  $2.81
   Orbitz................  $17.94
   SCO...................  $4.50
   Wireless Facilities...  $8.19

   [Thursday, 22 July 2004]

   America West..........  $5.70
   Corvis................  $1.04
   Cray..................  $5.01
   Drugstore.com.........  $2.46
   Epoch Biosciences.....  $1.56
   Orbitz................  $15.80
   Vignette..............  $1.23
   Wireless Facilities...  $7.84

There are numerous other GDT::Portfolio holdings that are nearing their 52-week lows.

America West Airlines (AWA)

[Thursday, 22 July 2004] American West announced its 5th consecutive quarterly profit (albeit small), but that didn't stop the stock from making a new 52-week low of $5.70.

Bear Sterns downgraded the stock from 'Out perform' to 'Peer perform.'

eDiets.com (DIET)

[Monday, 19 July 2004] eDiets.com closed Monday up almost 10% at $3.05. Last week Wednesday the stock was at $2.20.

Orbitz (ORBZ)

[Monday, 19 July 2004] Orbitz hit a new 52-week low of $17.94, but then the company reported a new seat-map application that "lets travelers compare flight options by seat availability when reviewing fares and itineraries." and the stock spiked to $19.57. ORBZ closed up 2.4% for the day at $19.19.

[Thursday, 22 July 2004] Orbitz said it had a good quarter, but the company lowered its forecast for the year. ORBZ shares fell to a new 52-week low of $15.80 before closing at $17.00.

Red Hat (RHAT)

[Tuesday, 20 July 2004] RHAT shares were up 8.4 closing at $16.15 after the company announced re-stated earnings. The company also reported that it needs to fight 15 shareholder class actions suits.

Transmeta (TMTA) [BUY report]

[Friday, 23 July 2004] TMTA shares crashed after the company announced disappointing quarterly results. The stock closed on Thursday at $1.65, it opened on Friday at $1.41 and proceeded to fall 35% to a new 52-week low of $1.07.

   BOUGHT    TMTA    $1.05    07/23/2004

   5th purchase; avg. cost per share is $1.29

Note: We sold some TMTA shares on 09/22/2003 at $3.25.

Viisage (VISG)

[Tuesday, 20 July 2004] VISG shares closed yesterday at $6.37, but they closed today up 12.4% at $7.16. Trading volume was slightly below normal.

[Thursday, 22 July 2004] Viisage launched the sale of 7.5 million shares. The shares closed the day at $6.95.

Author: Gerald D. Thurman [gdt@deru.com]
Created: 23 July 2004