Schaeffer's Daily Market Blog Features Ballard Power Systems, Yellow Roadway, eBay, PalmSource, and AnnTaylor Stores.CINCINNATI -- Among the stocks featured in the September 9 edition of Schaeffer's Market Blog are Ballard Power Systems Ballard Power Systems (TSX: BLD, NASDAQ: BLDP), located in Burnaby, British Columbia -- a suburb of Vancouver -- is a company that designs, develops, and manufactures zero emission proton-exchange-membrane fuel cells. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BLDP BLDP Ballard Power Systems (stock symbol) ), Yellow Roadway (NASDAQ:YELL), eBay (NASDAQ:EBAY), PalmSource (NASDAQ:PSRC PSRC Puget Sound Regional Council (Seattle, WA) PSRC Palmsource, Inc (stock symbol) PSRC Power System Relaying Committee (IEEE Power Engineering Society) ), and AnnTaylor Stores (NYSE NYSE See: New York Stock Exchange :ANN). Schaeffer's Market Blog is just one of the many free market commentaries written every day at www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. The Market Blog is written throughout every trading day In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. by Schaeffer's financial analysts and traders. They are quick insights to the day's most notable market activity from an options perspective. For additional information about this report or to have it delivered to you free via email every day click on the following link. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB PROB Probable/Probably PROB Problem PROB People's Republic of Bangladesh 1M&PAGE=1 . Schaeffer's Market Blog for Friday, September 9, 2005: Below are just a few of today's Market Blog entries. Click here to read all of today's Market Blog. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB1C&PAGE=1 . 8:23 AM Ballard Power Systems Announces Supply Agreement According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Yahoo! Finance, Ballard Power Systems (NASDAQ:BLDP) engages in the development, manufacture, and marketing of zero-emission proton exchange membrane A proton exchange membrane (PEM) is a semipermeable membrane generally made from ionomers and designed to conduct protons while being impermeable to gases such as oxygen or hydrogen. (PEM (Privacy Enhanced Mail) A standard for secure e-mail on the Internet. It supports encryption, digital signatures and digital certificates as well as both private and public key methods. Not widely used, work on PEM later evolved into S/MIME. See MIME. ) fuel cells for various markets worldwide. BLDP operates in three segments: transportation, power generation, and material products. Last night after the market close, the company announced a deal with General Hydrogen (Canada) Corp., for which it will deliver more than 100 fuel cells. This positive news has the shares up 14 percent in pre-market activity. Technically speaking, the shares have been edging higher since early June. BLDP sports a hefty short-interest ratio short-interest ratio A ratio that is used for market analysis and is calculated by dividing short interest by average daily volume. Technicians use the short-interest ratio as a tool to determine market direction. of 14 days to cover, and short-covering on last night's positive news could put additional buying pressure on the shares today. The stock also rates a strong 8.0 on our proprietary Schaeffer's Equity Scorecard, indicating an attractive investment opportunity from a contrarian perspective. 9:18 AM Yellow Roadway Cuts Earnings Guidance Last night after the market close, Yellow Roadway (NASDAQ:YELL) cut its earnings guidance for the third quarter. The company now sees earnings per share of $1.40-1.45, versus its previous expectations for earnings of $1.60-1.65 per share. YELL cited destruction from Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. and "implementation challenges" as the reasoning behind its lowered earnings estimates. Technically speaking, the security has been trending lower since mid-March. YELL recently broke through support at the 48 level. This breach of a prior area of support, coupled with last night's negative fundamental development, likely indicates the stock will see continued weakness for the near future. 9:25 AM eBay Options Update Yesterday, in our Daily Market Blog at SchaeffersResearch.com I wrote about some heavy options activity on eBay (NASDAQ:EBAY) at the September 40 call (XBA XBA The ISO 4217 currency code for the European Composite Unit (EURCO). IH) and the September 37.5 put (XBA UU). Options can be created every trading day, remember, and the number of options at a particular strike is called the open interest. Figures for open interest for yesterday's market close were not available until this morning. It turns out that Thursday's activity translated into new open interest. EBAY's September 40 call saw open interest increase from 29,202 to 33, 463 contracts. Meanwhile, the September 37.5 put saw a boost from 6,985 to 20,902 contracts. Peak open interest for the front month (September) lies at the 40 call and 40 put. EBAY closed yesterday at 38.93. 10:18 AM PalmSource Leaps 77 Percent to Lead Nasdaq PalmSource (NASDAQ:PSRC) is the leading stock on the Nasdaq Composite Index Nasdaq Composite Index An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed today, up 77 percent at last check. Hoover's tells me that PSRC was spun off from its former parent, Palm Inc. (PALM), formerly known as palmOne, in 2003. The company produces the Palm OS, the operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. used on PALM's handheld devices. News emerged today that Access, a Japanese software developer, has offered to buy PSRC for $18.50 a share. The shares closed yesterday at 10.09 and stood at 17.86 at last check today. The stock typically trades in low volume. For example, yesterday's volume was less than 375,000. Already today, almost 4 million PSRC shares have changed hands. 12:04 PM AnnTaylor Stores Hits New Annual High AnnTaylor Stores (NYSE:ANN), specialty retailer of women's apparel, shoes, and accessories, has been finally able to pull away from the 26 to 27 region, which has been a death zone for the shares for the last several months. The shares are not well loved on Wall Street, as short interest is 11 times the average daily volume. According to Zacks, there are only five "buys" on ANN from 20 analysts covering the shares. From our Expectational Analysis(R) perspective, these sentiment readings make the stock interesting. The above are just a few of today's Daily Market Blog entries. Click here to read all of today's Daily Market Blog. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB1C&PAGE=1 . Take advantage of the timely Schaeffer commentaries by signing up for their free e-newsletters -- Opening View, Market Recap and Monday Morning Outlook. Click here to have the Schaeffer's commentaries delivered to you free via email every day. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB1M&PAGE=1 . About Schaeffer's Investment Research (www.SchaeffersResearch.com) Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com , is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method . |
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