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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (48775)8/2/2002 1:51:08 PM
From: Paul Shread  Read Replies (1) of 209892
 
Eegads, is Barings Bros. going to collapse again? -g- Any further word on this?

10:59 ET Rumors out of Europe : We are hearing a rumor that a big announcement is coming out of Europe at 4 PM London Time/11 AM ET; we haven't heard much in the way of specifics, but there's speculation of a European Central Bank surprise press conference, or perhaps some word from a distressed bank.

And just for you on the chips:

11:41 ET Chip stocks swamp the New Low list : Among the chip stocks hitting new 52-Wk lows this morning are Maxim (MXIM -8%), Analog Devices (ADI -8%), International Rectifier (IRF -4%), Cypress Semi (CY -5.4%), Texas Instruments (TXN -7.1%), Linear Tech (LLTC -5.4%), Lattice Semi (LSCC -5.7%), National Semi (NSM -5.4%), Advanced Micro (AMD -4.8%), NVIDIA (NVDA -5.4%) and Chartered Semi (CHRT -1.5%), joined by chip equipment makers Kulicke & Soffa (KLIC -5%) and Teradyne (TER -4.3%)...
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