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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Softechie who wrote (92)12/21/2001 9:46:09 AM
From: Dave Gore  Read Replies (2) of 16631
 
FRI MORNING/DEC. 21 - Sector Watch, Triple Witching, etc.


09:43 ET RSA Security (RSAS) 14.99 +0.61 (+4.2%): SG Cowen names stock its Action Idea For Today; sees RSAS as an early beneficiary of raised interest in security; believes mgmt option overhang is over.




09:40 ET Sector Watch : Modestly aggressive buying in the tech arena in early action with semi, networking, storage, software, Internet security and telecom all firmly higher. Also posting gains are: biotech, retail, airline, oil/oil service and gaming.




09:31 ET XOMA Limited (XOMA) 8.46 +0.30 (+3.7%): JP Morgan initiates coverage with a BUY rating and 12-month price target of $17; believes XOMA's biz model delivers a "pure play" on Xanelim's forecast commercial success while substantially mitigating the financial risks of drug development; firm projects over $1 bln in potential peak annual sales for the psoriasis treatment Xanelim.




09:30 ET Witching/Rebalancing : In addition to triple witching, today's trading will also see funds positioning for the Nasdaq 100 rebalance and the S&P Growth/Value rebalance, potentially adding to volatility and volume.
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