Technology Slice Blog

GSI Commerce - GSI Commerce (NASDAQ: GSIC) closed Tuesday's trading session at $23.12. In the past year, the stock has hit a 52-week low of $20.87 and 52-week high of $31.35. GSI Commerce stock has been showing support around $22.57 and resistance in the $23.55 range. Technical indicators for the stock are Bearish. For a hedged play on this stock, look at the Apr '11 $20.00 covered call for a net debit in the $19.12 area. That is also the break-even stock price for this trade. This covered call has a duration of 115 days, provides 17.30% downside protection and an assigned return rate of 4.60% for an annualized return rate of 14.61% (for comparison purposes only). GSI Commerce does not pay dividends at this time GSI Commerce

GSI Commerce Posts Wide Loss - Retail website operator GSI Commerce Inc (GSIC.O) posted a wider-than-expected quarterly loss, hurt by higher operating expenses, sending its shares down 7 percent in extended trade. GSI Commerce, which competes with Amazon.com Inc (AMZN.O) and Art Technology Group Inc (ARTG.O) in the e-commerce business, expects full-year revenue of $1.35 billion, in line with analysts' estimates. For the third quarter, GSI Commerce's net loss widened to $18.6 million, or 28 cents a share, from a loss of $9.4 million, or 18 cents a share, in the year-ago period. Revenue rose 49 percent to $284.1 million. Analysts on average expected a loss of 26 cents a share, on revenue of $281.6 million, according to Thomson Reuters I/B/E/S. Total costs and expenses for the quarter rose about 52 percent to $304.4 million. GSI Commerce Posts Wide Loss