Schaeffer's Upon Further Review Highlights the Following Stocks: Boeing, General Electric, Microsoft, and XM Satellite Radio.

CINCINNATI -- Today's "Upon Further Review" from Schaeffer's Investment Research focuses on Boeing (NYSE:BA), General Electric (NYSE:GE), Microsoft (NASDAQ:MSFT), and XM Satellite Radio (NASDAQ:XMSR). "Upon Further Review" is a report that analyzes newsworthy stocks that are generating a lot of attention on Wall Street. "Upon Further Review" is published on www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research.

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Upon Further Review:

Boeing: Boeing (NYSE:BA) has motored slightly lower today after enduring a brokerage downgrade. UBS dropped its rating on the aerospace concern to "reduce" from "neutral" and reduced its price target. From a technical perspective, BA appears to be breaking down, especially from a long-term perspective. Last month, the shares closed below their 10-month moving average for the first time since April 2003, and they are showing no signs of recovery. What's more, the stock continues to wrestle with resistance from its 10-week moving average, although it did managed to edge above its 20-day trendline yesterday for the first time since late July. Meanwhile, short sellers have sprinted for the exits, evidenced by the 24-percent drop in shorted BA shares last month. This leaves just 0.72 percent of the stock's float sold short and virtually eliminates the hope of short-covering support.

Click the following link to see a Monthly Chart of BA since March 2003 with 10-Month Moving Average: http://www.schaeffersresearch.com/wire?ID=17333 .

General Electric: The newswires are sprinkled with information about General Electric (NYSE:GE) today. The conglomerate is selling its GE Advanced Materials unit to private-equity firm Apollo Management for $3.8 billion in cash and stock. The stock has slipped fractionally lower and continues to hover near the 35 mark. This level acted as support throughout the first half 2005 but reversed roles last summer and has provided sporadic resistance overhead. In fact, since early January, GE has managed just one weekly close above this threshold. The 35 strike is significant from an options-related perspective as well. The soon-to-expire September 35 call is home to about 111,000 open positions, and the October 35 call has 30,000 contracts already in residence, making it the site of heaviest open interest in this series.

Click the following link to see a Weekly Chart of GE since October 2004: http://www.schaeffersresearch.com/wire?ID=17333 .

Microsoft: Music enthusiasts have a close eye on Microsoft (NASDAQ:MSFT) today, as the software giant is planning to unveil its Zune media player and accompanying software, which are respectively designed to compete with Apple Computer's iPod and iTunes. As if this weren't exciting enough, MSFT also boosted its quarterly dividend payout by a penny per share to 10 cents. MSFT shares have been gaining some altitude during the past three months and are attempting to fill the void left by the stock's late-April bear gap. So far, the shares have recovered more than half of this gap region. MSFT is now wedged between its two most notable call strikes in the soon-to-be-front-month October series. The stock has managed to overtake the 25 strike, home to almost 180,000 calls, but the 30 strike, with its 216,000 open contracts, still resides overhead.

Click the following link to see a Daily Chart of MSFT since March 2006: http://www.schaeffersresearch.com/wire?ID=17333 .

XM Satellite Radio: XM Satellite Radio (NASDAQ:XMSR) is among the top-performing names on the Nasdaq today. The stock has rallied more than 11 percent after Credit Suisse lifted its rating to "outperform" from "neutral," citing valuation. XMSR has subsequently nosed above its 20-week moving average, which has not been breached to the upside since early October of last year. A weekly finish above this trendline could prove significant for the shares. Should it continue to build on today's upside, XMSR could benefit from short-covering activity. Currently, more than 12 percent of the equity's float has been sold short, providing a decent foundation of short-covering support.

Click the following link to see a Weekly Chart of XMSR since August 2005 with 10-Week Moving Average: http://www.schaeffersresearch.com/wire?ID=17333 .

The best way to take advantage of the timely Schaeffer commentaries is to sign up to receive 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 and get entered to win an iPod Nano. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROAW13M&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 .