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Street Chatter From Schaeffer's Highlights the Following Stocks: Safeway, TiVo, and Wal-Mart Stores.

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CINCINNATI--(BUSINESS WIRE)--Nov. 4, 2003

Today's Street Chatter from Schaeffer's focuses on: Safeway (NYSE:SWY), TiVo (NASDAQ:TIVO), and Wal-Mart Stores (NYSE:WMT).

Street Chatter focuses on three stocks that are generating a lot of attention on Internet message boards and is published every day at SchaeffersResearch.com . For additional information about this report or to have it delivered to you via email everyday click on the following link : http://www.schaeffersresearch.com/addinfo .

Street Chatter:

1. Yesterday evening, Safeway (NYSE:SWY) said it has taken its 113-store Chicago-based chain of Dominick's supermarkets off the market, after initially putting the chain up for sale in November 2002. SWY will now attempt to strengthen the ailing chain of stores on its own. Speaking of ailing, SWY shares have been declining since early September. Today's news sent the stock more than four percent lower, bringing it to the 20 level, which was previously a region of consolidation for the shares throughout much of the summer. Meanwhile, the equity's 10-day and 20-day moving averages bearishly crossed above the stock in early October. On the options front, Schaeffer's put/call open interest ratio (SOIR) for SWY dropped from an annual high following October options expiration and currently stands at 0.55, higher than 62 percent of the past year's worth of data.

Click the following link to see the Daily Chart of SWY Since April 2003 With 10-Day and 20-Day Moving Averages: http://www.schaeffersresearch.com/wire?ID=8803 .

2. TiVo (NASDAQ:TIVO) issued some positive news today, saying it had surpassed the one-millionth subscriber milestone, thanks in part to its partnership with satellite television provider DirecTV. In August, the digital recording service said it hoped to reach one million subscribers during the holiday season. Now, TIVO officials are expecting the best holiday season in company history. On the technical front, TIVO has endured a gradual decline since mid-July, muddled with occasional bursts of strength. One of these bursts has transpired today, as the stock has increased nearly four-and-a-half percent, gapping above its 10-day and 20-day moving averages in the process. Schaeffer's put/call open interest ratio (SOIR) for TIVO has faced a steady advance since early June. The indicator now weighs in at 0.35, which is in the top 10 percent of all annual readings. There are more than 11,000 open call positions in the front three-months' series compared to just over 4,000 open calls. Meanwhile, the number of shorted TIVO shares rose by six percent last month to a historical high of 9.2 million, for a short-interest ratio of 4.03 days to cover.

Click the following link to see the Daily Chart of TIVO Since July 2003 With 10-Day and 20-Day Moving Averages: http://www.schaeffersresearch.com/wire?ID=8803 .

3. On October 23, following an investigation in 21 U.S. states, around 250 Wal-Mart Stores (NYSE:WMT) employees were seized for allegedly working illegally as immigrants. The world's largest retailer has now been served with a letter from the U.S. Attorney's office, alleging the firm's violation of federal immigration laws. Adding insult to injury, a Dow Jones Newswires story said today that analysts are expecting lower retail sales for October compared to recent months. (This opinion applies to the retail sector as a whole, not just WMT.) Technically speaking, WMT has been mired in a sideways consolidation pattern for more than two months. This consolidation is transpiring just below the 60 mark. As for options players, the equity's Schaeffer's put/call open interest ratio (SOIR) shot higher from an annual low after options expiration on October 17. Over the subsequent two weeks, the indicator has maintained these gains.

Click the following link to see the Weekly Chart of WMT Since February 2003 With 10-Week and 20-Week Moving Averages: http://www.schaeffersresearch.com/wire?ID=8803 .
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Date:Nov 4, 2003
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