trading sideways now for the better part
of a month, RSAS is attempting to make
another push higher...plenty of room to
go. Our target will be placed at $19
with a suggested stop-loss at $14. This
is one that could be "added to" on any
pull-back...this one has 10 points to the
upside easy, but for the daytrade
we will look for $19...all depends on your
own time-frame. Good luck.
اذا تأكدت الأشاعة فسيكون الأرتفاع مؤكد للtarget
القريب وهو 19 دولار
وللمدى البعيد ممكن اكبر
كونوا حريصين في عمل stop lose
اذا اشتريتوا في السهم ولتكن لكم عبرة في شركة ene
والتى من اخر اخبارها ان تشطب من الداو جونز
NEW YORK (Dow Jones)The New York Stock Exchange is reviewing Enron Corp.'s (ENE) continued listing status, in light of the energy company filing for Chapter 11 bankruptcy protection on Sunday.
In a press release Monday, the NYSE said it plans to continue trading Enron's stock, as the company still meets NYSE quantitative listing standards. However,the exchange isn't limited by those standards and can seek a stock delisting if it believes continued listing is "not advisable."
Enron's stock recently traded up 7.7%, or 2 cents, to 28 cents a share on the NYSE, a far cry from its 52week high of $66.10 a share in late December 2000.
Over the weekend, Enron filed for bankruptcy protection and simultaneously sued Dynegy Inc. (DYN) for "not less than $10 billion," accusing it of wrongfully terminating a merger deal between the two Houston energy companies last week.
RSA Security Inc. (RSAS) rose nearly 12% on rumors that the computer security company may obtain a significant piece of new government business, an analyst said.
"The buzz is they have a good chance" at obtaining a substantial part of a security contract to cover 2 million government users, SG Cowen analyst Peter Kuper said.
RSA provides secure computer access in part through the use of hardware tokens that are normally priced at about $45 a unit. Total 2001 revenue is expected at about $286 million, according to Thomson Financial/First Call.
Two other analysts hadn't heard the contract rumor, and didn't know of any news that could account for the stock's increase.
Todd C. Weller of Legg Mason Wood Walker said the company's shares may be in catchup mode in relation to other computer security companies, whose shares he said have been rising in recent days.
Similarly, Steven M. Ashley of Robert W. Baird & Co. said the shares fell steeply in October to a year low of $6.79 a share after the company disclosed it lost $13 million on put options held on its own shares.
"It was a financial faux pas, but it was overdone," Ashley said of last month's meltdown.
RSA Security Inc. traded recently at $15.08, up $1.72, on volume of 3 million shares. Average daily volume is 2.2 million shares.