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Schaeffer's Daily Market Blog Features Internet Initiative Japan, Hansen Natural, TEVA Pharmaceuticals, Gilead Sciences, and American International Group.

CINCINNATI -- Among the stocks featured in the November 9 edition of Schaeffer's Market Blog are Internet Initiative Japan (NASDAQ:IIJI), Hansen Natural (NASDAQ:HANS), TEVA Pharmaceuticals (NASDAQ:TEVA), Gilead Sciences (NASDAQ:GILD), and American International Group (NYSE:AIG). Schaeffer's Market Blog is just one of the many free market commentaries written everyday at - the home of Bernie Schaeffer and Schaeffer's Investment Research. The Market Blog is written throughout every trading day 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. .

Schaeffer's Market Blog for Wednesday, November 9, 2005:

Below are just a few of today's Market Blog entries. Click here to read all of today's Market Blog. .

10:02 AM Calls Trade Actively Ahead of Internet Initiative Japan's Earnings

This morning before the market open, Internet Initiative Japan (NASDAQ:IIJI) reported operating income of $4.5 million. Company revenues increased 13.5-percent to $105.3 million and IIJI confirmed financial targets for Y05. The company also announced that the Tokyo Stock Exchange approved listing of its shares of common stock.

Yesterday, calls on IIJI traded actively, as call volume was more than four times heavier than average. Nearly 6,700 contracts crossed the tape, with the most actively traded contract being the November 10 strike (IQD KB). These contracts traded for 95 cents yesterday. The option speculators that purchased these contracts are profiting handsomely today. At last check, IIJI was trading 21 percent higher to $12.49 and the IQD KB contracts were bid at $2.55.

10:51 AM Hansen Natural Higher on Earnings Report

According to Yahoo!Finance, Hansen Natural (NASDAQ:HANS) through its subsidiaries, engages in the development, marketing, sale, and distribution of beverages in the United States and Canada. HANS' products include natural sodas, fruit juices, energy drinks and energy sports drinks, soy smoothies, functional drinks, sparkling lemonades and orangeades, noncarbonated ready-to-drink iced teas, lemonades, juice cocktails, children's multivitamin juice drinks, seltzer waters, and noncarbonated lightly flavored energy waters.

This morning before the market open, HANS reported third-quarter earnings of $0.83 per share, topping analyst estimates by $0.23. Company net sales increased 100.2-percent year-over-year to $105.4 million, ahead of the consensus estimate of $87.6 million. These positive results have sent the shares nearly 11 percent higher to $62.91

11:08 AM NYSE & NASDAQ New Highs/New Lows With Equity Scorecard

New lows actually were able to outpace new highs in Tuesday's trading while snapping a streak by the bulls.

In yesterday's trading, there were 129 stocks that hit new annual highs while the number of new annual lows registered 136.

Among the stocks on our watch list are TEVA Pharmaceuticals (NASDAQ:TEVA) and Gilead Sciences (NASDAQ:GILD). To see a full chart, please visit our Daily Market Blog at

1:47 PM AIG Back in the News

This morning, American International Group (NYSE:AIG) announced that it needed to delay its quarterly earnings report for another time this year. The firm will now file its quarterly earning report with the Securities and Exchange Commission on November 14. The insurance giant is trying to recover from a series of accounting investigations earlier this year. AIG also issued an initial estimate of third-quarter earnings that one analyst noted fell short of the consensus estimate thanks to higher hurricane losses. In the estimate, AIG noted that net income in the period will be roughly $1.7 billion, with adjusted income of $1.8 billion. The hurricanes that occurred during the quarter are going to cost the company roughly $1.6 billion, up from an estimate of $1.1 billion. According to this estimate, AIG will bring in roughly 69 cents per share, short of the Street's expected 86 cents per share.

While an earnings miss is never good news, the shares haven't suffered much today. In fact, AIG has gained more than 0.50 percent in trading action. The shares are holding steady above the 66 level and are finding support from their 10-day moving average, which has bolstered the shares since the end of September. According to our Schaeffer's put/call open interest ratio (SOIR), the options pits are largely ignoring this performance. AIG's SOIR checks in at 1.01, which ranks higher than 71 percent of the readings taken during the past 52 weeks. This pessimism helps the insurer garner a Schaeffer's Equity Scorecard rating of 6.0 out of 10, indicating that AIG may be a stock to keep your eye on.

The above are just a few of today's Daily Market Blog entries. Click here to read all of today's Daily Market Blog. .

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. .

About Schaeffer's Investment Research (

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, , 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: .
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Date:Nov 9, 2005
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