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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: Johnny Canuck who wrote (36056)	2/1/2002 12:10:29 PM
From: Johnny Canuck	Read Replies (1) of 68115

07:43 ET PHTN Photon Dynamics spot secondary of 2.5 mln shares prices at $40.14 (40.14) 07:41 ET TELM Tellium downgraded by UBSW (5.42) UBS Warburg downgrades to HOLD from Buy due to limited DYN visibility; believes that DYN will dramatically reduce purchases in 2002 that will make it challenging for the company to hit its sales targets. Lowers 2002 and 2003 ests to ($0.07) and $0.05 from ($0.08) and $0.16, respectively; lowers price target to $7 from $12.

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