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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%4:00 PM EST
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To: Compadre who wrote (13591)5/11/1999 7:05:00 PM
From: still learning  Read Replies (1) of 99985
 
CSCO earnings were good and they split 2:1. Good sign for techs, as CSCO may help the techs reclaim a leadership position. TSCM also showed very strong today. CSCO up to 114-114 in after mkt trading (from around 111 at mkt close)Could portend a jump for blue-chip techs.

However, lots of other net IPOs with more spotty performance. I though SILK would do better as this is a strong play in a hot market -- however it actually fell back briefly to near its offering price. The jury's still out on the internets.
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