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Strategies & Market Trends : Befriend the Trend Trading

SPY 684.83

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Dec 22 4:00 PM EST

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From: Dr. Stoxx	6/9/2005 7:29:33 AM
	Read Replies (1) of 39683

07:27 IACI InterActiveCorp tgt upped to $30 from $28 at Piper Jaffray (25.81 ) Piper Jaffray raises their IACI tgt to $30 from $28, saying yesterday's announcement indicating that it has sold its 5.4% interest in VUE and eliminated other mutual obligations, significantly simplifies the co's balance sheet. Along with a simplified balance sheet, they say IACI is also less likely to have an aggressive acquisition and expansion strategy and instead focus more on its current properties - positioning both IACI and Expedia to gain market share in their respective segments. They believe this is both promising and positive, but will also open up new challenges as IAC, at the corporate level, has not had a history of being an operating co. Overall, firm views this as a positive step and would be buyers of the shares ahead of the Expedia spin-off.

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