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Take Profits
August 18 , 2004

Take Profits -- Prime Hospitality (NASD) PDQ

This recent Stock Traders Press recommendation has seen appreciation.

Today, the Blackstone Group announced that it will acquire Prince Hospitality at $12.25 per share in cash. Since the board of directors of Prime Hospitality has approved the offer, there is very little likelihood of a higher bid price.
Consequently, we recommend the sale of the stock.

Prime Hospitality (NYSE) PDQ
Action: Take Profits
Recommended 9/23/03
At $8.98
Price Today $11.96
Point Gain $2.98
Actual Gain 33.2%
Days Held 330
DJIA 10,057.31
S&P 500 1,092.77
NASDAQ 1,826.0

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