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--- Schaeffer's Daily Bulletin <redacted@schaeffer.com> wrote:

From Schaeffer's Daily Bulletin Thu May 26 06:23:17 2005
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> 
> To ensure delivery of this newsletter, please add Schaeffer's to your
> 
> address book. Here are instructions how: 
> http://www.schaeffersresearch.com/members/selfservice/whitelist.aspx
> 
> For Thursday, May 26, 2005 
> 
> --------------------------Advertisement--------------------------
> Take your trading to a new level.  New! Mastering Advanced Options 
> Strategies(SM) covers bullish, bearish and trading-range strategies.
> Bernie Schaeffer shows you how to implement leaps, straddles, covered
> 
> calls, credit-spreads, and more.  400+ page learning guide,
> interactive 
> CD Rom, and quizzes teach you when & how to employ each strategy 
> effectively.  Start today; get our 30-day money-back guarantee!
> http://www.schaeffersresearch.com/redirect.asp?CODE=UW03*W&PAGE=1 
> ------------------------------------------------------------------
> 
>  
>  Bullish  
> 
> Stock Name Symbol Price 
> Corning Inc. GLW 14.85 
> Oakley Inc. OO 14.38 
> USG Corp.* USG 48.35 
>  
>  
> 
> 
>  Bearish 
>  
> Stock Name Symbol Price 
> IBM IBM 76.00 
>  
>  
> *Today's Featured Stock
>  
> 
> 
>  Featured Commentary
> By Joseph W. Sunderman (redacted@sir-inc.com) and Beth Gaston Moon 
> (redacted@sir-inc.com)  
> 
> 
> Fed Fodder: In a speech delivered to the Certified Professional Home 
> Builder Luncheon in Atlanta, that city's Federal Reserve Bank's
> president, 
> Jack Guynn, warned that the U.S. economy is still in need of
> additional 
> rate hikes. Guynn, who is not currently a voting member of the
> Federal Open 
> Market Committee, said that the central bank has "not yet reached a
> neutral 
> policy stance." He went on to note that "While I see no signs of an 
> imminent and substantial pickup in inflation, we will need to be
> especially 
> sensitive to incoming data and new developments on prices." Guynn did
> 
> express concern over housing-market speculation, but added a bit of
> cheer 
> to the mix, saying he expects the U.S. unemployment rate to decline 
> further. 
> 
> Stat of the Day: Who wants to be a millionaire? Apparently a lot of
> people, 
> and many Americans are getting their wish. According to Chicago-based
> 
> research firm Spectrem Group, the number of domestic millionaires
> grew to a 
> record-high of 7.5 million in 2004, up 21 percent since 1998. What's
> more, 
> the number of the wealthiest Americans, or those with assets of $5
> million 
> or more, rose by 38 percent in 2004. The research noted that 35
> percent of 
> this wealthy elite are retired, while 36 percent own businesses. The
> vast 
> majority of millionaires are spreading the wealth, as 86 percent are 
> married. 
> 
> Sentiment Readings: The weekly Investors Intelligence bullish reading
> edged 
> up ever-so-slightly during the past reporting period, advancing to
> 46.7 
> percent from 46.2 percent. The bearish reading was a little more
> dramatic, 
> shedding more than two percentage points to 26.1 percent from 28.6
> percent 
> the precious week. Of the investment newsletter professionals polled
> by the 
> service, 27.2 percent feel the market is in the midst of a
> correction. This 
> is slightly higher than the 25.2 percent that felt this was the case
> last 
> week. 
> 
> Technical Talk: After eight straight positive finishes and a move to
> a new 
> 10-week high, the Nasdaq Composite (COMP) finally surrendered some of
> its 
> gains on Wednesday, shedding half a percent and bouncing to the 2050
> mark. 
> The Dow Jones Industrial Average (DJIA) lost nearly half a percent as
> well 
> in its second consecutive decline. The blue-chip index is now
> approaching 
> double-barreled support at the 10,400 mark, which was a site of
> short-term 
> resistance earlier this month, and is also home to the index's
> ascending 
> 10-day moving average. The S&P 500 Index (SPX) was the top performer
> of the 
> day, shedding just 0.34 percent and ending the session at the 1190
> mark. 
> 
> Commodity Connection: For only the second time in 15 weeks,
> commercial oil 
> stocks experienced a weekly decline, according to data released
> Wednesday 
> by the Energy Information Administration. Crude inventories were off
> 1.6 
> million barrels the week of May 20 to 332.4 million barrels. This
> news, 
> which was not expected on the Street, sent oil futures rocketing
> higher on 
> day. July crude futures rose $1.31 to close at $50.98 per barrel,
> above the 
> psychologically significant $50-a-barrel mark. Gasoline futures rose
> 2.5 
> cents to $1.4517 a gallon ... Silver was the story of the day in the 
> precious-metals world, as the metal rose 13.5 cents to $7.138 an
> ounce on 
> fund-buying activity. Gold prices inched slightly higher on day, with
> spot 
> gold hitting $419.15. Analysts are expecting the yellow metal to take
> a run 
> at the $420 level over the near term, reaching $425 by August. 
> 
> Sector Watch: It was all about oil in the sector world, as nearly all
> of 
> the indices closing above the break-even zone were related to the
> viscous 
> commodity. The PHLX Oil Services Sector Index (OSX) rallied nearly
> two 
> percent during the session, followed by decent gains in the AMEX Oil
> & Gas 
> Index (XOI) and the AMEX Natural Gas Index (XNG). The PHLX Gold &
> Silver 
> Index (XAU) inched into positive territory with a 0.30-percent gain. 
> Bottoming out on Wednesday was the AMEX Securities Broker/Dealer
> Index 
> (XBD), dropping 1.3 percent and bringing up the rear. The AMEX
> Airline 
> Index (XAL) spent its third consecutive session near the back of the
> pack, 
> shedding 1.23 percent. Other laggards included the PHLX Semiconductor
> Index 
> (SOX) and the PHLX Housing Sector Index (HGX). 
> 
> Overseas Markets: Foreign markets are in the black today, thanks to 
> improved U.S. GDP numbers and relatively stagnant oil prices on the
> day. 
> Leading the way is the German DAX, which has tacked on 0.87 percent.
> The 
> French CAC 40 is nipping at its heels, with a 0.85-percent advance,
> while 
> the U.K. FTSE 100 has crept up 0.38 percent. Asian markets finished 
> marginally higher in overnight trading; the Hong Kong Hang Seng rose
> 0.06 
> percent, while the Japanese Nikkei 225 ticked 0.12 percent higher. 
> 
> Economic News: On Wednesday morning, the U.S. Commerce Department
> noted 
> that new home sales edged up 0.2 percent in April to 1.316 million.
> March 
> new home sales, on the other hand, were revised slightly lower to
> 1.313 
> million, from the originally reported 1.431 million ... Jobless
> claims 
> increased by 1,000 to 323,000 during the week of May 21. Economists
> had 
> expected the figure to rise by 3,000. Continuing claims for the week
> of May 
> 14 slipped 22,000 lower to 2.574 million ... The Commerce Department
> noted 
> that real final sales in the first quarter were revised higher to
> reflect a 
> 2.7-percent gain, up from the previously reported increase of 1.9
> percent. 
> The Purchases Price Index was revised to show a 2.9-percent gain,
> down from 
> 3.0 percent. Corporate profits rose one percent during the first
> quarter, 
> down from a 12.5-percent rally in the fourth quarter. Finally, the
> first-
> quarter GDP was revised upwards to a 3.5-percent growth rate, from
> the 
> previously issued 3.1-percent move. 
> 
> Earnings News: Michaels Stores (MIK) announced a 59-percent increase
> in 
> first-quarter earnings to 33 cents per share, four cents better than 
> analysts' expectations. Sales spiked up 13 percent to $821 million,
> topping 
> Wall Street's forecast ... H.J. Heinz (HNZ) banked 58 cents per share
> in 
> the fourth quarter, compared to 55 cents in the year-earlier period. 
> Excluding items, the company earned 63 cents, a penny better than
> analysts' 
> estimates ... Patterson Companies (PDCO) collected 36 cents per share
> in 
> the fourth quarter, three cents lower than Wall Street's consensus
> estimate 
> ... Hormel Foods (HRL) earned 40 cents in its second quarter, falling
> short 
> of analysts' expectations by two cents per share ... Dollar General
> (DG) 
> matched year-ago results of 20 cents per share in the first quarter
> and 
> missed analysts' consensus view by two pennies. Same-store sales
> ticked up 
> 4.9 percent during the reporting period. 
> 
> Research Notes: Merrill Lynch boosted Electronic Data Systems (EDS)
> to 
> "neutral" from "sell," upgraded STMicroelectronics (STM), and
> downgraded 
> Fiserv (FISV) to "neutral" from "buy" ... SunTrust lifted its rating
> on 
> Apollo Group (APOL) to "buy" from "neutral" ... Banc of America
> initiated 
> Accenture (CAN) with a "buy" rating and started Computer Sciences
> (CSC) at 
> "neutral." The financial-services firm also launched new coverage on 
> Electronic Data Systems (EDS) with a "neutral" designation ...
> Goldman 
> Sachs initiated coverage on a number of retailers today, starting
> Urban 
> Outfitters (URBN), Foot Locker (FL), and Chico's FAS (CHS) with
> "in-line" 
> ratings ... Goldman also began Exelon (EXC), PG&E Corp. (PCG),
> Allegheny 
> Energy (AYE), and Dominion Resources (D) with "in-line" ratings, and 
> initiated Duke Energy (DUK) with an "underperform." 
> 
> Featured Stock: According to Hoover's, USG manufactures SHEETROCK,
> the 
> world's top-ranked brand of wallboard. Aside from SHEETROCK, USG 
> manufactures joint compound, DUROCK cement board, FIBEROCK wall
> panels, 
> LEVELROCK underlayments, and plaster products, ceiling grid systems
> and 
> acoustic tile. USG has steadily gained along the support of its
> 10-month 
> and 20- month moving averages since climbing above these trendlines
> in 
> April 2003. Since this time, USG has not dropped below this
> double-barreled 
> support. Despite USG's technical strength, options players line up
> solidly 
> against the company. The equity's Schaeffer's put/call open interest
> ratio 
> checks in at a hefty 2.05, which is the highest reading taken over
> the past 
> 52 weeks. Short sellers are also piling on the sultan of SHEETROCK,
> as it 
> would take more than seven days to cover the more than 14 million USG
> 
> shares sold short. What's more, this plethora of pessimistic
> positions 
> comprises nearly 44 percent of the company's total float. Analyst
> coverage 
> is nearly non-existent for USG as, according to Zacks, only one
> bothers to 
> cover the company, rating it a "hold." Should any analysts step off
> the 
> wall and initiate positive coverage on the firm, expect a further
> push for 
> the company. Finally, this combination of extreme bearish sentiment
> and 
> exceptional technical performance has earned USG a Schaeffer's Equity
> 
> Scorecard rating of 9.0 out of 10.0. Traders should target a move to
> 56 
> with a stop-loss on a trade below 44. 
> 
> 
> - Joseph W. Sunderman (redacted@sir-inc.com) and Beth Gaston Moon 
> (redacted@sir-inc.com)
> 
> Option Outlook:
> 
> Option Update: There are no open option positions at this time. 
>  
> QUESTIONS?
> Have a question about any of Schaeffer's products or services? Use
> our 15-
> minute response guarantee:
> http://www.schaeffersresearch.com/emailhelp
> or call us at 1-800-448-2080.
> 
> PARTNERING INFORMATION
> For more information on partnering with Schaeffer's or advertising in
> the 
> Schaeffer's newsletters, contact: 
> Tom Godich ( redacted@sir-inc.com )
> 
> MEDIA RELATIONS
> Material may be quoted with permission. Expert commentaries and
> interviews 
> also available, contact: Schaeffer's Investment Research Public
> Relations 
> Media Relations Department ( redacted@sir-inc.com ).
> 
> DISCLAIMER
> Schaeffer's Investment Research does not give individualized market
> advice. 
> We publish information regarding companies in which we believe our
> readers 
> may be interested and our reports reflect our sincere opinions.
> However, 
> they are not intended to be personalized recommendations to buy,
> hold, or 
> sell securities. Investments in the securities markets, and
> especially in 
> options, are speculative and involve substantial risk. Only you can 
> determine what level of risk is appropriate for you. We encourage you
> to 
> get personal advice from your professional investment advisor and to
> make 
> independent investigations before acting on information that we
> publish. 
> Most of our information is derived directly from information
> published by 
> the companies on which we report and/or from other sources we believe
> are 
> reliable, without our independent verification. 
> 
> Therefore, we cannot assure you that the information is accurate or 
> complete. We do not in any way warrant or guarantee the success of
> any 
> action which you take in reliance on our statements.
> 
> We encourage our readers to invest carefully and to utilize the
> information 
> available at the web sites of the Securities and Exchange Commission
> at 
> http://www.sec.gov and the National Association of Securities Dealers
> at 
> http://www.nasd.com. You can review public companies' filings at the
> SEC's 
> EDGAR page. The NASD has published information on how to invest
> carefully 
> at its web site.
> 
> Our personnel may own positions in the equities mentioned in our
> reports. 
> However, all employees are prohibited from any transaction that
> directly or 
> indirectly competes with the interests of our subscribers. We are not
> 
> compensated in any way for publishing information about companies
> mentioned 
> in our reports.
>  
>  
> 
> 



		
__________________________________ 
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Yahoo! Small Business - Try our new Resources site
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-- 
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RR happily hosting persistent stock scam spammers, pls. blackhole at
will:

--- Schaeffer's Daily Bulletin <redacted@schaeffer.com> wrote:

From Schaeffer's Daily Bulletin Thu May 26 06:23:17 2005
X-Apparently-To:	redacted@yahoo.com via 68.142.200.110; Thu, 26
May 2005 06:42:22 -0700
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Subject:	Schaeffer's Daily Bulletin for 5-26-05
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> 
> To ensure delivery of this newsletter, please add Schaeffer's to your
> 
> address book. Here are instructions how: 
> http://www.schaeffersresearch.com/members/selfservice/whitelist.aspx
> 
> For Thursday, May 26, 2005 
> 
> --------------------------Advertisement--------------------------
> Take your trading to a new level.  New! Mastering Advanced Options 
> Strategies(SM) covers bullish, bearish and trading-range strategies.
> Bernie Schaeffer shows you how to implement leaps, straddles, covered
> 
> calls, credit-spreads, and more.  400+ page learning guide,
> interactive 
> CD Rom, and quizzes teach you when & how to employ each strategy 
> effectively.  Start today; get our 30-day money-back guarantee!
> http://www.schaeffersresearch.com/redirect.asp?CODE=UW03*W&PAGE=1 
> ------------------------------------------------------------------
> 
>  
>  Bullish  
> 
> Stock Name Symbol Price 
> Corning Inc. GLW 14.85 
> Oakley Inc. OO 14.38 
> USG Corp.* USG 48.35 
>  
>  
> 
> 
>  Bearish 
>  
> Stock Name Symbol Price 
> IBM IBM 76.00 
>  
>  
> *Today's Featured Stock
>  
> 
> 
>  Featured Commentary
> By Joseph W. Sunderman (redacted@sir-inc.com) and Beth Gaston Moon 
> (redacted@sir-inc.com)  
> 
> 
> Fed Fodder: In a speech delivered to the Certified Professional Home 
> Builder Luncheon in Atlanta, that city's Federal Reserve Bank's
> president, 
> Jack Guynn, warned that the U.S. economy is still in need of
> additional 
> rate hikes. Guynn, who is not currently a voting member of the
> Federal Open 
> Market Committee, said that the central bank has "not yet reached a
> neutral 
> policy stance." He went on to note that "While I see no signs of an 
> imminent and substantial pickup in inflation, we will need to be
> especially 
> sensitive to incoming data and new developments on prices." Guynn did
> 
> express concern over housing-market speculation, but added a bit of
> cheer 
> to the mix, saying he expects the U.S. unemployment rate to decline 
> further. 
> 
> Stat of the Day: Who wants to be a millionaire? Apparently a lot of
> people, 
> and many Americans are getting their wish. According to Chicago-based
> 
> research firm Spectrem Group, the number of domestic millionaires
> grew to a 
> record-high of 7.5 million in 2004, up 21 percent since 1998. What's
> more, 
> the number of the wealthiest Americans, or those with assets of $5
> million 
> or more, rose by 38 percent in 2004. The research noted that 35
> percent of 
> this wealthy elite are retired, while 36 percent own businesses. The
> vast 
> majority of millionaires are spreading the wealth, as 86 percent are 
> married. 
> 
> Sentiment Readings: The weekly Investors Intelligence bullish reading
> edged 
> up ever-so-slightly during the past reporting period, advancing to
> 46.7 
> percent from 46.2 percent. The bearish reading was a little more
> dramatic, 
> shedding more than two percentage points to 26.1 percent from 28.6
> percent 
> the precious week. Of the investment newsletter professionals polled
> by the 
> service, 27.2 percent feel the market is in the midst of a
> correction. This 
> is slightly higher than the 25.2 percent that felt this was the case
> last 
> week. 
> 
> Technical Talk: After eight straight positive finishes and a move to
> a new 
> 10-week high, the Nasdaq Composite (COMP) finally surrendered some of
> its 
> gains on Wednesday, shedding half a percent and bouncing to the 2050
> mark. 
> The Dow Jones Industrial Average (DJIA) lost nearly half a percent as
> well 
> in its second consecutive decline. The blue-chip index is now
> approaching 
> double-barreled support at the 10,400 mark, which was a site of
> short-term 
> resistance earlier this month, and is also home to the index's
> ascending 
> 10-day moving average. The S&P 500 Index (SPX) was the top performer
> of the 
> day, shedding just 0.34 percent and ending the session at the 1190
> mark. 
> 
> Commodity Connection: For only the second time in 15 weeks,
> commercial oil 
> stocks experienced a weekly decline, according to data released
> Wednesday 
> by the Energy Information Administration. Crude inventories were off
> 1.6 
> million barrels the week of May 20 to 332.4 million barrels. This
> news, 
> which was not expected on the Street, sent oil futures rocketing
> higher on 
> day. July crude futures rose $1.31 to close at $50.98 per barrel,
> above the 
> psychologically significant $50-a-barrel mark. Gasoline futures rose
> 2.5 
> cents to $1.4517 a gallon ... Silver was the story of the day in the 
> precious-metals world, as the metal rose 13.5 cents to $7.138 an
> ounce on 
> fund-buying activity. Gold prices inched slightly higher on day, with
> spot 
> gold hitting $419.15. Analysts are expecting the yellow metal to take
> a run 
> at the $420 level over the near term, reaching $425 by August. 
> 
> Sector Watch: It was all about oil in the sector world, as nearly all
> of 
> the indices closing above the break-even zone were related to the
> viscous 
> commodity. The PHLX Oil Services Sector Index (OSX) rallied nearly
> two 
> percent during the session, followed by decent gains in the AMEX Oil
> & Gas 
> Index (XOI) and the AMEX Natural Gas Index (XNG). The PHLX Gold &
> Silver 
> Index (XAU) inched into positive territory with a 0.30-percent gain. 
> Bottoming out on Wednesday was the AMEX Securities Broker/Dealer
> Index 
> (XBD), dropping 1.3 percent and bringing up the rear. The AMEX
> Airline 
> Index (XAL) spent its third consecutive session near the back of the
> pack, 
> shedding 1.23 percent. Other laggards included the PHLX Semiconductor
> Index 
> (SOX) and the PHLX Housing Sector Index (HGX). 
> 
> Overseas Markets: Foreign markets are in the black today, thanks to 
> improved U.S. GDP numbers and relatively stagnant oil prices on the
> day. 
> Leading the way is the German DAX, which has tacked on 0.87 percent.
> The 
> French CAC 40 is nipping at its heels, with a 0.85-percent advance,
> while 
> the U.K. FTSE 100 has crept up 0.38 percent. Asian markets finished 
> marginally higher in overnight trading; the Hong Kong Hang Seng rose
> 0.06 
> percent, while the Japanese Nikkei 225 ticked 0.12 percent higher. 
> 
> Economic News: On Wednesday morning, the U.S. Commerce Department
> noted 
> that new home sales edged up 0.2 percent in April to 1.316 million.
> March 
> new home sales, on the other hand, were revised slightly lower to
> 1.313 
> million, from the originally reported 1.431 million ... Jobless
> claims 
> increased by 1,000 to 323,000 during the week of May 21. Economists
> had 
> expected the figure to rise by 3,000. Continuing claims for the week
> of May 
> 14 slipped 22,000 lower to 2.574 million ... The Commerce Department
> noted 
> that real final sales in the first quarter were revised higher to
> reflect a 
> 2.7-percent gain, up from the previously reported increase of 1.9
> percent. 
> The Purchases Price Index was revised to show a 2.9-percent gain,
> down from 
> 3.0 percent. Corporate profits rose one percent during the first
> quarter, 
> down from a 12.5-percent rally in the fourth quarter. Finally, the
> first-
> quarter GDP was revised upwards to a 3.5-percent growth rate, from
> the 
> previously issued 3.1-percent move. 
> 
> Earnings News: Michaels Stores (MIK) announced a 59-percent increase
> in 
> first-quarter earnings to 33 cents per share, four cents better than 
> analysts' expectations. Sales spiked up 13 percent to $821 million,
> topping 
> Wall Street's forecast ... H.J. Heinz (HNZ) banked 58 cents per share
> in 
> the fourth quarter, compared to 55 cents in the year-earlier period. 
> Excluding items, the company earned 63 cents, a penny better than
> analysts' 
> estimates ... Patterson Companies (PDCO) collected 36 cents per share
> in 
> the fourth quarter, three cents lower than Wall Street's consensus
> estimate 
> ... Hormel Foods (HRL) earned 40 cents in its second quarter, falling
> short 
> of analysts' expectations by two cents per share ... Dollar General
> (DG) 
> matched year-ago results of 20 cents per share in the first quarter
> and 
> missed analysts' consensus view by two pennies. Same-store sales
> ticked up 
> 4.9 percent during the reporting period. 
> 
> Research Notes: Merrill Lynch boosted Electronic Data Systems (EDS)
> to 
> "neutral" from "sell," upgraded STMicroelectronics (STM), and
> downgraded 
> Fiserv (FISV) to "neutral" from "buy" ... SunTrust lifted its rating
> on 
> Apollo Group (APOL) to "buy" from "neutral" ... Banc of America
> initiated 
> Accenture (CAN) with a "buy" rating and started Computer Sciences
> (CSC) at 
> "neutral." The financial-services firm also launched new coverage on 
> Electronic Data Systems (EDS) with a "neutral" designation ...
> Goldman 
> Sachs initiated coverage on a number of retailers today, starting
> Urban 
> Outfitters (URBN), Foot Locker (FL), and Chico's FAS (CHS) with
> "in-line" 
> ratings ... Goldman also began Exelon (EXC), PG&E Corp. (PCG),
> Allegheny 
> Energy (AYE), and Dominion Resources (D) with "in-line" ratings, and 
> initiated Duke Energy (DUK) with an "underperform." 
> 
> Featured Stock: According to Hoover's, USG manufactures SHEETROCK,
> the 
> world's top-ranked brand of wallboard. Aside from SHEETROCK, USG 
> manufactures joint compound, DUROCK cement board, FIBEROCK wall
> panels, 
> LEVELROCK underlayments, and plaster products, ceiling grid systems
> and 
> acoustic tile. USG has steadily gained along the support of its
> 10-month 
> and 20- month moving averages since climbing above these trendlines
> in 
> April 2003. Since this time, USG has not dropped below this
> double-barreled 
> support. Despite USG's technical strength, options players line up
> solidly 
> against the company. The equity's Schaeffer's put/call open interest
> ratio 
> checks in at a hefty 2.05, which is the highest reading taken over
> the past 
> 52 weeks. Short sellers are also piling on the sultan of SHEETROCK,
> as it 
> would take more than seven days to cover the more than 14 million USG
> 
> shares sold short. What's more, this plethora of pessimistic
> positions 
> comprises nearly 44 percent of the company's total float. Analyst
> coverage 
> is nearly non-existent for USG as, according to Zacks, only one
> bothers to 
> cover the company, rating it a "hold." Should any analysts step off
> the 
> wall and initiate positive coverage on the firm, expect a further
> push for 
> the company. Finally, this combination of extreme bearish sentiment
> and 
> exceptional technical performance has earned USG a Schaeffer's Equity
> 
> Scorecard rating of 9.0 out of 10.0. Traders should target a move to
> 56 
> with a stop-loss on a trade below 44. 
> 
> 
> - Joseph W. Sunderman (redacted@sir-inc.com) and Beth Gaston Moon 
> (redacted@sir-inc.com)
> 
> Option Outlook:
> 
> Option Update: There are no open option positions at this time. 
>  
> QUESTIONS?
> Have a question about any of Schaeffer's products or services? Use
> our 15-
> minute response guarantee:
> http://www.schaeffersresearch.com/emailhelp
> or call us at 1-800-448-2080.
> 
> PARTNERING INFORMATION
> For more information on partnering with Schaeffer's or advertising in
> the 
> Schaeffer's newsletters, contact: 
> Tom Godich ( redacted@sir-inc.com )
> 
> MEDIA RELATIONS
> Material may be quoted with permission. Expert commentaries and
> interviews 
> also available, contact: Schaeffer's Investment Research Public
> Relations 
> Media Relations Department ( redacted@sir-inc.com ).
> 
> DISCLAIMER
> Schaeffer's Investment Research does not give individualized market
> advice. 
> We publish information regarding companies in which we believe our
> readers 
> may be interested and our reports reflect our sincere opinions.
> However, 
> they are not intended to be personalized recommendations to buy,
> hold, or 
> sell securities. Investments in the securities markets, and
> especially in 
> options, are speculative and involve substantial risk. Only you can 
> determine what level of risk is appropriate for you. We encourage you
> to 
> get personal advice from your professional investment advisor and to
> make 
> independent investigations before acting on information that we
> publish. 
> Most of our information is derived directly from information
> published by 
> the companies on which we report and/or from other sources we believe
> are 
> reliable, without our independent verification. 
> 
> Therefore, we cannot assure you that the information is accurate or 
> complete. We do not in any way warrant or guarantee the success of
> any 
> action which you take in reliance on our statements.
> 
> We encourage our readers to invest carefully and to utilize the
> information 
> available at the web sites of the Securities and Exchange Commission
> at 
> http://www.sec.gov and the National Association of Securities Dealers
> at 
> http://www.nasd.com. You can review public companies' filings at the
> SEC's 
> EDGAR page. The NASD has published information on how to invest
> carefully 
> at its web site.
> 
> Our personnel may own positions in the equities mentioned in our
> reports. 
> However, all employees are prohibited from any transaction that
> directly or 
> indirectly competes with the interests of our subscribers. We are not
> 
> compensated in any way for publishing information about companies
> mentioned 
> in our reports.
>  
>  
> 
> 



		
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