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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (52308)	6/2/2004 12:31:00 AM
From: Libbyt	Read Replies (1) \| Respond to of 57110

Thanks for your thoughts on CHS, TGT, and CALM. Just FYI...CALM is one that I have owned and followed since last year. A "history" of what IMO has influenced the trading in CALM in the last few months: CALM announced a secondary offering of 5 million shares after their last record earnings (earnings up 300%), and about four days before their stock split. IMO the "timing" of the announcement was not smart. With the earnings announcement the stock traded to about $45 a share (presplit), and then it started selling off. I think some were shorting CALM with the news of a secondary offering. When the share price kept falling, the CEO decided to withdraw the secondary offering. (One million of the 5 million shares being offered were owned by the CEO.) The institutional ownership in CALM, and insider ownership of CALM is fairly high, and it is heavily shorted. In the past it has traded fairly quickly in one direction or another. CALM seems to be a "battle" of the hedge fund managers. According to a Wall Street article....one is aggressively buying CALM, and another one is shorting the stock. CALM is the largest producer of shell eggs in the U.S. (they sell their eggs under several different brand names...one customer is WMT) I think that some who read the Wall Street article might have looked at CALM as a good company with a low P/E, making a profit, paying a dividend...and maybe it might trade exactly opposite of the thoughts in the article? IMO CALM should once again post record profits at the time of their next report based on the sales price of eggs over this time period. IMO many of those who would be sellers of CALM have already sold, and those remaining in the stock seem to be the institutions, insiders, and those who believe the trend that egg sales will continue to remain strong.

To: Jorj X Mckie who wrote (52308)	6/12/2004 12:26:15 AM
From: Libbyt	Read Replies (1) \| Respond to of 57110

Russell Index - Preliminary Additions The following is the URL for the Preliminary Additions to the Russell Index. CALM is on this Preliminary Addition list, and IMO their possible addition to this Index might explain the recent trading in this stock. The complete list can be found at this URL: russell.com The list of possible deletions from the Russell Index is posted at this URL: russell.com