Schaeffer's Daily Market Blog Features: Lehman Brothers, Fortunet, Oracle, Jarden, and Broadcom.

CINCINNATI -- Among the stocks featured in the September 13 edition of Schaeffer's Market Blog are Lehman Brothers (NYSE:LEH), Fortunet (NASDAQ:FNET), Oracle (NASDAQ:ORCL), Jarden (NYSE:JAH), and Broadcom (NASDAQ:BRCM). Schaeffer's Market Blog is just one of the many free market commentaries

written every day at www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. The Market Blog is written throughout every trading day by Schaeffer's financial analysts and traders. They are quick insights to the day's most notable market activity from an options perspective. To have this report delivered to you free via email every day click on the following link and you'll also get an opportunity to win an IPod Nano. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB13M&PAGE=1

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9:27 AM Lehman Brothers Third-Quarter Earnings Beat the Consensus

Good morning. Before the bell, Lehman Brothers (NYSE:LEH) reported third-quarter earnings of $916 million, or $1.57 per share. Revenue showed an 8.5-percent gain to $4.18 billion. The consensus estimate for earnings was $1.50 per share, and analysts hoped for revenue of $4.01 billion. LEH hit an all-time high in April and it has consolidated since then, but overhead resistance from its 10-month moving average appears to be holding the stock back.

11:14 AM Fortune Favors the Brave

Once again, Fortunet (NASDAQ:FNET) is surging ahead. The stock added more than 28 percent on Monday, and another 59 percent yesterday. This morning, it has tacked on 11 percent more. Late Thursday, the firm announced that it has won approval from the Nevada State Gaming Control Board to become an operator of mobile gambling devices. The stock was trading at $17.40 at last check.

Yesterday in this blog, I suggested that "there's still buying strength here," and there certainly was. But knowing the past is easier than knowing the future, and investors want to know what happens next. According to Zacks, only two brokerages rate the stock, so there's certainly room for fresh coverage. If brokerages point their clients at FNET, there could be further gains. Short interest figures are released monthly, and the August data shows that 24 percent of the stock's float was sold short. It seems likely that part of the current buying frenzy could have been caused by short sellers covering their positions, but I suspect the short covering could be over; remember that FNET is a small company, and the volume of stock traded during the past few days is certainly enough to cover all of those short-sold stocks several times over.

Nevertheless, FNET appears to have caught the public imagination, and it's still a hot stock. Let's watch the 20 level. The stock gapped above it in May, and then briefly tested it for support on the way back down. I think a break above 20 this week would be a further signal of confidence from the buyers.

12:17 PM Oracle Hits Multi-Year High

Oracle (NASDAQ:ORCL) has been on a tear lately, gaining almost 34 percent so far in 2006. Today it hit a fresh high, reaching levels the stock has not seen since March 2002. At last check, the stock was up 0.43 percent at $16.37. Until recently, I've been bearish on ORCL, but the stock now earns 7.0 out of 10 on our Schaeffer's Equity Scorecard, suggesting that the path of least resistance leads higher. However, there are some alarm bells ringing. Short interest is small, so there is little fuel for any meaningful short-covering rally. Sentiment in the options pits is somewhere between neutral and mildly positive, warning that sideline money might be scarce. Meanwhile, analysts are very optimistic; according to Zacks, there are 11 "strong buy" ratings and three "buys" ranged against one "sell" and one "strong sell." The chances of upgrades are small. Still, remember the old Wall Street saying: "The trend is your friend."

12:53 PM Jarden Stock Comes Alive

Quite a few stocks that haven't done much for a few months have suddenly come alive. One such stock is Jarden (NYSE:JAH), the maker of a diverse set of branded consumer products including Sunbeam appliances, Coleman outdoor gear, and First Alert home safety products. The stock rose 4.4 percent yesterday and is up another 3.4 percent today. This takes JAH to its highest point since mid-May. While the stock's short interest is down about 13 percent this year, it remains high. The 8.3 million JAH shares shorted amount to more than 17 percent of the stock's float. The recent burst from buyers may be causing some who are short to buy back stock to exit positions. That could be pushing JAH higher.

1:15 PM Broadcom May See More Weakness

Broadcom (NASDAQ:BRCM) has been attracting a lot of call option volume despite the fact that the shares are declining off resistance from their 80-day moving average. Yesterday, call volume was nearly five times put volume, and today it's more than three times put volume. Call option open interest more than doubles put open interest. Optimism toward such a weak-performing stock can be a sign of further weakness yet to come.

For more information on these stocks or any stock in your portfolio, feel free to visit our Schaeffer's Equity Scorecard feature. Click here to read all of today's Market Blog: http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB13C&PAGE=1

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About Schaeffer's Investment Research (www.SchaeffersResearch.com)

Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method.