Numerous GDT::Portfolio stocks have moved up over the span of the last few weeks: Transmeta (low-powered chips), Applied Digital Solutions (sub-dermal RFIDs), Entrust (computer security), and Spire (biotech/nanotech/solar). This week Internet Security Systems (computer security) and Hanger Orthopedic (orthotic and prosthetic patient-care centers) have joined the list.
To offset the good news, American West and Broadwing continue to make new 52-week lows.
[Monday, 25 October 2004]BWNG... $5.26 VIGN... $1.00 SCOX... $2.96[Tuesday, 26 October 2004]
BWNG... $5.11 VIGN... $0.98[Wednesday, 27 October 2004]
AWA... $3.91
[Monday, 25 October 2004] ADSX closed down almost 10%. Volume was 9.3 million versus an average of 2.4 million. The stock closed at $4.17 with an intra-day low of $4.15. Applied Digital's majority owned Digital Angel Corp. (DOC) issued a press release with respect to Digital Angel gaining permission to use the London-based " COSPAS-SARSAT satellite system."
[Wednesday, 27 October 2004] AWA shares fell below $4 making a new 52-week low of $3.91. The company reported poor quarterly results; the airline industry is hurting. AWA ended the day down less than 2% at $4.36.
[Monday, 25 October 2004] ARDI was added to the GDT::Portfolio.BOUGHT ARDI 4.09 10/25/2004 initial positionARDI was added to the GDT::WatchList back in June of 2004 when it was priced at $3.20 per share.60% of ARDI shares are closely held. The company has $2.06 cash per share and no long-term debt. PSR is 3.18.
@Road, Inc., formerly At Road, Inc., is a "provider of mobile resource management (MRM) services that enable the effective management of mobile resources."
[Friday, 29 October 2004] @Road reported solid quarterly results and spiked to $7.09 after the market opened. [Note: on Monday of this week we bought the stock at $4.09 (a 73.3% gain in five days).] Raymond James upgraded the stock from 'Underperform' to 'Outperform' and Wedbush Morgan upgraded the stock from 'Hold' to 'Buy.' For the day, ARDI was up 40% closing at $6.30. Volume was 13.2 million shares versus an average of 0.67 million.
[Wednesday, 27 October 2004] Drugstore.com reported disappointing quarterly results and the stock fell to $2.91 before closing at $3.40.
[Wednesday, 27 October 2004] DIET shares fell 9.3 for the day closing at $3.50. The stock had an intra-day high of $3.90. eDiets.com reports quarterly results before the market opens on Thursday. Some investors must have turned bearish on what type of news will be announced.[Thursday, 28 October 2004] DIET shares ended the day down 1.4% at $3.45. The stock fell to $3.11 before recovering.
[Thursday, 28 October 2004] The company reported good quarterly results and the stock closed up 11.9% at $6.31 after hitting an intra-day high of $6.87.
[Tuesday, 26 October 2004] The stock opened up 6% at $20.11 and spiked to $20.30 after the company reported solid quarterly results. ISSX closed up 6.5% at $20.18 after hitting a intra-day high of $20.68 (just below its 52-week high of $21.21). Trading volume was 5.3 million versus an average of 0.83 million.Friedman Billings upgraded ISSX from 'Mkt Perform' to 'Outperform.'
[Friday, 29 October 2004] ISSX made a new 52-week high $21.90. For the day ISSX was up 7.3% and closed at $21.76. 2.7 million shares traded.
MACE shares were up 83% on a huge jump in volume. MACE is not a GDT::Portfolio, but is on the GDT::WatchList (i.e. we don't own any shares). 31.4 million shares traded when the average is slightly under 0.56 million. The stock closed at $5.45 after hitting an intra-day high of $5.78. MACE continues to stay on the GDT::WatchList.
[Wednesday, 27 October 2004] Novell.com:: Novell announced they were doing business with Dell. { Novell.com::Press Release}NOVL shares were up 3% closing at $7.23. Trading volume was almost twice the average.
[Tuesday, 26 October 2004] AG Edwards downgrade their TMTA rating from 'Buy' to 'Hold.'Transmeta announced they had to re-state some earnings and it turns out they lost more money last quarter than previously reported.
[Monday, 25 October 2004] Yahoo Chairman and CEO Terry Semel sold 2.45 million shareso having a market value of nearly $86.4 million (avg. cost per share was $35.27).
Author: Gerald D. Thurman
[gdt@deru.com]
Created: 25 October 2004