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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Investor Clouseau who wrote (5933)5/25/1999 9:32:00 AM
From: Kimberly Lee  Read Replies (4) of 108040
 
IC, I like BNTI quite a bit here. A few observations about the market before the open:
GLOBEX PRICES AS OF 05/25/99 08:01 AM
S&P 500 JUN99 1311.10 -140
NSDQ100 JUN99 2070.50 -300

Nasdaq could come under further pressure, particularly if it breaks below
bottom of recent range at 2430. Hong Kong -0.72%, Asia down; Germany -2.14%,
Europe getting whacked.

Nasdaq Yesterday
2453.66 -66.48 -2.64% Hi 2529.30 Lo 2444.89
Russell 2000
440.39 -8.75 -1.95% Hi 450.19 Lo 440.24
Advancers 1374 Decliners 2651 Unchanged 751
Vol 925 million (vs. 889 million Friday)
New Highs 93 New Lows 56

Net stocks tumble, leading Nasdaq to bottom of recent range and below its
50-day moving average. Even the RUT was hit pretty hard.

Market News
CSFB upgrades LCOS, which is set to join the Nasdaq 100 on Friday. BNBN to
debut. MCK restates lower earnings. MACR, ATHM in alliance on rich media
software. FTUS reports profit vs. loss.

Yesterday's Top Breakout: none
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