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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/17/2001 2:10:26 PM
From: besttrader	of 37746

14:01 ET Tellium (TELM) 22.71 +7.71: -- Update -- IPO opens for trading; first print $21.81. 13:44 ET Human Genome (HGSI) 64.94 +3.27 (+5.3%) : -- Technical -- Running with the rest of the sector amid above average volume but has stalled out shy of its 200 day simple ma and recovery high at 66.30/66.57. The 17% gain off this week's low has led to a short term overdone posture allowing for a temporary pause. Supports are at 64 and 62/61.50. Keep in mind this group has shown a tendency to run hard despite such developments. A penetration opens the door to next resistance at 69.12/70. 13:35 ET Tellium (TELM) : -- Update -- Issue indicated to open $19-$20, after pricing at $15.

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