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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/9/2001 10:09:01 AM
From: besttrader	of 37746

10:07 ET Brocade Comms (BRCD) 44.50 -1.94: Hearing street talk that company issued additional options to employees whose existing options were far out of the money; could be modestly dilutive to BRCD shareholders. 10:06 ET Nasdaq Composite : -- Technical -- Index down over 2% amid the fallout from CSCO with the trading range of the last few days penetrated. While losses have remained relatively contained thus far, the key to neutralizing the shorter term bias is a rebound back through the bottom of the range at 2165/2168. Failure leaves the door open initially to 2137 (retracement) and 2129 (congestion).

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