CBS::MarketWatch::Tax-loss selling offers opportunities

If stock prices are down in November, then some investors may sell for tax purposes and portfolio adjustments. This additional selling may cause stocks to fall more; however, in some cases, the shares sold in November and re-purchased at a later date.

New 52-Weeks Highs (That's Right -- Highs)

Internet Security Systems (ISSX) and Yahoo (YHOO) made new 52-week highs this week.

New 52-Weeks Lows

Santa Cruz Group (SCOX) made a new 52-week low this week.

Applied Digital Solutions (ADSX)

[Tuesday, 02 November 2004] Applied Digital's majority-owned Digital Angel announced 3rd-quarter revenues were up 40%, gross profit up 44%, and the company raised guidance for 2004. ADSX shares spiked up almost 9% to $4.24 when the market opened.

America West Airlines (AWA)

[Monday, 01 November 2004] Standard & Poor's revised the outlook on America West to 'negative' from 'stable.'

@Road (ARDI)

[Tuesday, 02 November 2004] @Road, Inc. announced that it ranked "Number 39 on the 2004 Deloitte Technology Fast 500. @Road also ranked Number 16 on Deloitte's Silicon Valley Fast 50 program."

Cray (CRAY)

[Thursday, 04 November 2004] Cray announced disappointing quarterly results after the market closed.

Internet Security Systems (ISSX)

[Tuesday, 02 November 2004] Internet Security Systems has been "recognized by industry analyst firm IDC as the overall 2003 global revenue leader in intrusion detection and prevention (ID&P)."

[Thursday, 04 November 2004] Merriman Curhan Ford downgraded ISSX from 'Buy' to 'Neutral.' ISSX closed yesterday at $22.07.

Lynx Therapeutics (LYNX) [SELL report]

[Tuesday, 02 November 2004] An adjustment was made to the GDT::Portfolio; therefore, we sold 22% of our LYNX holdings.

	SOLD   LYNX   2.38   11/02/2004

	avg. cost per share is now $3.02

	2.38, Sold, 11/02/2004  [-57%]
	5.52, Buy,  01/27/2004

	2.38, Sold, 11/02/2004  [-61%]
	6.08, Buy,  01/05/2004

LYNX closed 8.5% lower at $2.26.

Novell (NOVL)

[Thursday, 04 November 2004] Novell announced that the company's No. 2 executive has left "to pursue other opportunities." The announcement was made after the market closed.

Wireless Facilities (WFII)

[Friday, 05 November 2004] The company announced okay quarterly results and Avondale Partners upgraded their rating on the stock from 'Mkt Perform' to 'Mkt Outperform.' WFII was up almost 8% (near $8) in early trading.

Yahoo (YHOO)

[Thursday, 04 November 2004] UBS initiated coverage on YHOO giving the stock a 'Neutral' rating. YHOO closed the day at $37.66.

Author: Gerald D. Thurman [gdt@deru.com]
Created: 01 November 2004