Schaeffer's Street Chatter Highlights the Following Stocks: Research in Motion Limited, TiVo, and Dendreon.

CINCINNATI -- Today's "Street Chatter" from Schaeffer's Investment Research focuses on: Research in Motion Limited (NASDAQ:RIMM), TiVo (NASDAQ:TIVO), and Dendreon (NASDAQ:DNDN). "Street Chatter" is a report that analyzes three newsworthy stocks that are generating a lot of attention on Internet message boards. "Street Chatter" is published on www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research.

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=PRSC1M&PAGE=1 .

Street Chatter:

1. Research in Motion Limited (NASDAQ:RIMM) announced that it will pay $450 million to NTP Inc. for a license that will give RIMM the exclusive right to continue selling its BlackBerry message device. The settlement covers all past, present, and future uses of the technology by RIMM and lets the company sublicense the property to anyone. RIMM stated "The resolution permits RIMM and its partners to sell its products, services and infrastructure completely free and clear of any claim by NTP, including any claims that NTP may have against wireless carriers, ISV partners or against third party products that use." This agreement brings a resolution to a lawsuit between NTP and RIMM that has been ongoing since 2003, when a federal court issued an injunction against RIMM keeping the company from selling its BlackBerry pagers and service.

RIMM's Schaeffer's put/call open interest ratio (SOIR) reads 0.79, it is lower than 99 percent of the readings taken over the past 52-week period. Pessimism was building toward the firm, as short interest increased by 56 percent in February. However, the resulting short-interest ratio of 1.37 indicates little opportunity for a spark in form of a short-covering rally.

Before today's announcement, Zacks indicated a skeptical-to-bullish slant on RIMM. Of the 15 analysts reporting to the company, 10 rate it a "hold," one rates RIMM a "buy," and four rate it a "strong buy." This allows for a sizeable positive or negative move should any of these analysts change their minds.

Heading into today's announcement, RIMM had been mired under the resistance of its 10- and 20-day trendlines. This double-barreled resistance had pushed the stock lower since early December. Today's news rocketed RIMM past this resistance and above the 75 level, which acted as support for the company in the past. If RIMM is to advance, potential resistance lies ahead in the form of the 80, 85, 90, and 95 levels, which have all acted as former roadbloacks. From August through December of last year, RIMM's dual trendlines acted as support for the company. If RIMM hopes to break through these areas of resistance and spark a rally after today's news, it is going to need the help of these trendlines. RIMM had experienced the same kind of double-barreled resistance from its weekly trendlines. One major difference, today's news has only sent the stock to resistance at its 20-week trendline and the 80 level. These two may provide more resistance than RIMM can handle. On both the daily and weekly charts, RIMM's short-term moving averages have recently completed bearish crosses of its long-term moving averages. Technically, this means that there could be a continued downtrend in the stock's future.

RIMM's recent downtrends combined with skepticism on the Street results in a Schaeffer's Equity Scorecard ranking of 3.0 out of a possible 10.0.

Click the following link to see an Equity Scorecard and the Daily Chart of RIMM Since December 2004 With 10-Day and 20-Day Moving Averages: www.schaeffersresearch.com/commentary/observations.aspx?ID=12743.

2. Yesterday may have been a day when TiVo (NASDAQ:TIVO) would have liked to use its own digital video recorder (DVR) technology. For those not familiar with DVR technology, it allows viewers to record TV programs on hard drives, eliminating the need for videotapes. The technology also allows you to pause live TV (nice for restroom breaks during sporting event; can you say March Madness?) and showing your own instant replays (to dispute those poor calls). TIVO climbed 75 percent after announcing that it reached a deal with Comcast Communications (CMCSA) to lend the TIVO name to DVRs that are marketed by the nation's largest cable television system operator.

Today, TIVO's SOIR stands at 0.42, higher than 56 percent of the readings taken over the past 52 weeks. However, analysts remain skeptical as, according to Zacks, 11 of the 14 analysts covering the purveyor of digital recording goodness a "hold" or worse. This does allow for a positive move should any of these gloom-and-doomers change their minds.

TIVO may want to use its DVR technology to rewind its technical performance to July 2003, when the stock hit a near-term high on its weekly chart. Since that time, TIVO has found itself in a steady downtrend thanks to the pressure of its two weekly trendlines. This resistance has caused TIVO to fall. Yesterday's news sent TIVO above the resistance of its 10-week and 20-week trendlines, but, as it did from September to November of last year, the stock was turned away by resistance at the six level. Yesterday's news sent TIVO through all major levels of resistance (its short- and long-term trendlines and the 4.50 level) to hit an intraday high of 6.89. Unfortunately, TIVO has lost 11 percent today to fall to the six level. If the stock continues to lose ground, this level is poised to restate its claim as resistance. TIVO appears to be grasping for support, indicating that further good news is needed to allow yesterday's rally to continue. Some support could come in the form of a short-covering rally (which may have been started with yesterday's news) as it would take more than five average trading days for bears to cover their pessimistic positions.

Click the following link to see the Weekly Chart of TIVO Since March 2004 With 10-Week and 20-Week Moving Averages: www.schaeffersresearch.com/commentary/observations.aspx?ID=12743.

3. Dendreon (NASDAQ:DNDN) slipped into the earnings confessional, and the result wasn't to the Street's likings. In the fourth quarter, DNDN lost 37 cents per share ($22 million) compared to last year's three-cent profit and the Street's forecast for a loss of 36 cents per share.

Optimism is the tone in the options pits for the company. DNDN's SOIR checks in at 0.29, lower than 68 percent of the readings taken over the past 52 weeks. While options players dare not hide their love for the biotech business, analysts are still waiting to make up their minds. According to Zacks, DNDN receives one "buy," four "hold," and one "strong sell" ranking.

DNDN is finding no shortage of resistance on its technical charts. On its daily chart, we see that after a bit of a sideways trend in November, negative news over its Provenge cancer treatment caused it to gap considerably lower. After the gap lower, the stock was battered lower by the resistance of its daily trendlines. What's more, a recent bearish cross by its 10-day trendline (of its 20-day trendline) seems to suggest that there is little relief in sight. However, some support could be found from a short-covering rally as it would take more than eleven trading days for the bears to cover the shares they have sold short. Additionally, as Genentech (DNA) proved on Monday, biotech firms can experience quite a lift from any good news. According to Hoover's DNDN is working on vaccines that treat breast, colorectal, lung, ovarian, and uterine cancers, along with monoclonal antibodies to fight blood cancers (i.e. non-Hodgkin's and B cell lymphomas). Also, should any good news crop up concerning Provenge, we could see the point of origin for a nice short-covering rally.

Click the following link to Daily Chart of DNDN Since November 2004 With 10-Day and 20-Day Moving Averages: www.schaeffersresearch.com/commentary/observations.aspx?ID=12743.

The best way to take advantage of the timely Schaeffer commentaries is to sign up to receive their free e-newsletters -- Opening View, Midday Report, 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=PRSC1M&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 .