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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/7/2001 12:13:00 PM
From: besttrader	of 37746

12:02 ET Strong Groups: Drugs : As Nasdaq (-21) slips to fresh session lows, seeing rotation into pharmaceutical names. Pfizer (PFE +0.6%), Schering-Plough (SGP -0.03%), Bristol-Myers Squibb (BMY +1.6%) each edging up to highs of the day. 11:52 ET Pru Select List : Prudential removed RadioShack (RSH 29.17 -0.08) and Linens 'n Things (LIN 27.80 -0.23) from its Select List about 15 minutes ago. 11:50 ET BEA Systems (BEAS) 33.14 -2.84 (-7.9%): -- Update -- Stock has been the subject of earnings rumors the past two weeks; rumor that BEAS will miss its qtr when results are reported May 15th is making another round on trading floors. 11:41 ET Rational Sftwr (RATL) 21.60 -1.78 (-7.6%): -- Technical -- Has struggled for the last week to work through its 50 day simple ma (at 23.6 today). Now edging back toward the bottom of its near three week trading range (20.90/20.85). Near term these are the keys for follow action to develop. Secondary support is at 19.48 with a break of resistance initially pointing to 24.60/25.

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