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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/18/2001 10:33:46 AM
From: besttrader	of 37746

Global Power Equip (GEG) 29.51 +9.51: Manufacturer of equipment for gas turbine power plants opens at $29.50 after pricing its 7.35 mln share initial public offering at $20 per share, above the $16-18 range; Salomon Smith Barney is the lead underwriter; see press release. 10:31 ET U.S. Markets : S&P futures trading at 1289, 2.0 points below fair value, Nasdaq 100 futures trading at 1825, 7.0 points below fair value. The 30-year bond is up 3 ticks at 5.755%. The dollar is beating up on both the yen and the euro this morning. 10:30 ET Sun Microsystems (SUNW) 19.65 +0.83 (+4.4%): Traders attributing early advance in stock to short-covering; volume 13.1 mln; intraday range $18.66-$20.00 10:16 ET Martek Biosciences (MATK) 21.65 +4.50 (+26%): Gaps up to $20.50 after FDA approves company's infant nutrients to be included in baby formula; advance has occurred on very thin volume of 157K; float 15.5 mln.

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