To: Clint E. who wrote (21441 ) 6/9/1999 12:32:00 AM From: Clint E. Respond to of 68070
=-=-= June 8, 1999, vol ~850M, Late-Afternoon Selloff Due To Rate Worries =-=-= 1. The markets opened soft and traded in Lackluster/consolidation fashion early on. The NAZ held ground(down only a few points) in the morning despite weakness in the DOW(down ~80) and negative remarks by DLJ on IBM, CPQ, DELL, HWP, SUNW, & EMC. 2. The long bond sold off late in the afternoon after some jawboning by St. Louis Federal Reserve Bank President William Poole(non-FOMC member) who said he sees greater odds of inflation rising compared to six months ago. Once the 30-year briefly touched 6.00, stocks tumbled. 3. Old-news re-stated: A DLJ survey showed that, due to the Year 2000 problem, 22% of respondents plan on curtailing information technology spending in the fourth quarter. As a result, DLJ lowered their fourth-quarter revenue and earnings estimates on Dell, IBM, Hewlett-Packard, Sun Microsystems, and EMC. 4. The market remains range-bound within the next couple of weeks until all May economic figures are released. No reason/sign to be overly bullish or bearish. ========================== Indices [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- VIX 24.160 0.690u 23.470 23.960 24.730 23.240 375 333 1 3:59 60.630 16.730 SOX 412.360 -0.810d 413.170 415.970 423.100 411.380 1659 1479 1 4:31 429.310 182.590 QQQ 104.625 -2.688d 107.313 107.563 108.063 104.078 40674 1688 51 4:15 114.563 97.000 BKX 842.700 -9.900d 852.600 851.400 851.400 838.500 1654 1450 1 4:31 953.200 545.700 SPZ 1317.300 -17.200d 1334.500 1334.500 1334.500 1312.900 1777 1620 1 5:00 1376.000 923.300 COMP 2474.500 -49.700d 2524.200 2526.100 2534.400 2472.000 469 418 1 5:13 2677.700 1357.100 NDX 2086.800 -65.900d 2152.700 2152.700 2158.800 2083.800 1864 1682 1 5:16 2283.600 1063.300 DJII 10766.000 -143.000d 10909.000 10909.000 10909.000 10724.000 N/A 9833 N/A 4:30 N/A N/A DOW [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- AXP 129.000 1.000u 128.000 128.500 129.375 127.625 13955 1226 10 5:01 142.625 67.000 MRK 68.625 -0.688d 69.313 69.938 70.375 68.063 50703 3168 19 4:10 87.375 57.500 WMT 44.375 -1.375d 45.750 45.250 45.500 44.313 45674 3403 6 4:14 53.406 26.219 GE 102.375 -2.063d 104.438 103.813 103.938 101.750 36065 3643 2 4:10 117.438 69.000 JPM 131.125 -2.250d 133.375 133.063 133.500 131.125 6277 579 2 4:10 147.813 72.125 HWP 90.563 -3.438d 94.000 93.250 94.500 90.563 21484 1658 6 4:20 97.563 47.063 Tech_Titans [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- MSFT 79.375 -0.875d 80.250 79.875 82.125 79.000 21M 21615 10 4:01 95.625 42.000 DELL 34.000 -1.750d 35.750 35.438 35.438 33.750 20M 22427 5 4:01 55.000 19.938 INTC 51.688 -1.750d 53.438 53.250 53.375 51.500 16M 14189 13 4:01 71.844 32.969 EMC 51.750 -2.000d 53.750 53.000 53.563 51.375 61470 4446 5 5:01 67.469 20.469 LU 60.188 -2.000d 62.188 61.938 61.938 59.750 8M 4840 1 4:17 67.000 26.719 WCOM 89.000 -2.313d 91.313 91.875 92.750 88.875 12M 13881 1 4:00 94.875 39.000 CSCO 111.688 -3.688d 115.375 115.063 116.500 111.125 11M 14261 3 4:01 122.313 41.125 IBM 116.625 -3.875d 120.500 119.875 119.875 116.063 7M 4149 5 4:30 123.000 53.000 E*Titans [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- PCLN 104.250 2.750d 101.500 104.875 111.000 101.625 33616 11384 3 4:01 165.000 58.000 EBAY 183.750 0.625u 183.125 183.000 186.875 177.125 24215 8119 2 4:01 234.000 8.406 DCLK 95.313 -0.156d 95.469 98.000 101.000 94.875 26104 6478 89 4:00 176.000 6.750 RNWK 66.063 -2.438d 68.500 69.500 72.500 66.000 17219 4393 1 4:00 131.875 7.625 CMGI 104.313 -2.938d 107.250 109.938 113.688 103.500 11M 32737 14 4:01 165.000 8.609 CNET 52.000 -3.375d 55.375 56.313 57.250 51.500 16045 3901 4 4:01 79.750 7.250 AOL 110.375 -4.625d 115.000 115.250 115.250 110.000 16M 13856 20 4:30 175.500 17.250 INKT 94.000 -5.000d 99.000 99.000 100.750 94.000 15207 3380 1 4:01 159.125 15.375 AMZN 111.563 -5.813d 117.375 120.000 121.375 110.375 7M 15977 2 4:01 221.250 14.484 ATHM 97.250 -6.500d 103.750 102.625 104.750 96.000 8M 16391 17 4:01 198.000 23.500 YHOO 143.313 -8.438d 151.750 152.375 153.500 142.531 7M 16877 2 4:01 244.000 26.219 Networkers [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- COMS 27.188 -0.375d 27.563 27.938 28.000 26.813 39895 4005 7 4:01 51.125 20.000 NN 27.938 -0.750d 28.688 28.688 29.000 27.500 5073 252 223 4:22 39.875 15.438 SUNW 59.188 -1.500d 60.688 60.250 60.375 59.000 65110 7308 5 4:01 72.500 19.188 ASND 98.875 -3.063d 101.938 101.938 102.000 98.250 21511 2429 19 4:01 103.375 32.625 WirelessMfr [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- NOK 78.375 0.063d 78.313 78.625 79.625 78.000 30358 1254 66 4:06 85.688 29.531 ERICY 29.813 -0.125d 29.938 30.000 30.125 29.625 34388 1364 46 4:01 34.000 15.000 MOT 84.063 -1.813d 85.875 86.063 87.188 83.313 17038 1565 188 4:01 88.875 38.375 QCOM 104.875 -4.688d 109.563 110.875 111.500 104.375 21374 3768 2 4:01 119.750 18.875 Telecom_Infrastructr [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- MFNX 43.938 2.938u 41.000 42.563 45.063 41.813 16212 2230 16 4:00 46.375 4.219 GBLX 50.750 2.750u 48.000 49.250 51.875 48.000 17338 2418 1 4:00 64.250 8.000 CMTN 67.000 1.125u 65.875 66.375 71.000 65.250 4237 649 2 3:55 78.375 50.500 ADLAC 67.438 0.922u 66.516 66.438 70.313 66.375 7796 644 41 4:00 87.000 23.875 COVD 54.750 0.750d 54.000 56.125 58.313 53.250 7388 1172 50 4:01 81.000 20.656 RCNC 47.500 0.188u 47.313 47.375 48.250 47.250 7923 922 33 4:00 54.500 8.750 AWRE 45.375 0.063d 45.313 46.000 47.000 45.375 4473 596 1 4:00 87.125 4.250 NT 80.563 -0.500d 81.063 81.125 82.875 80.250 19590 1101 158 4:00 81.563 26.813 PCS 50.875 -0.500d 51.375 51.375 51.563 50.688 18175 679 3 4:10 58.125 12.750 ANTC 28.438 -1.000d 29.438 29.469 29.500 28.438 2785 241 2 4:00 34.188 11.500 QWST 43.313 -1.750d 45.063 45.938 46.250 43.000 46456 5721 19 4:00 52.375 11.000 WCII 54.813 -2.063d 56.875 56.750 57.250 54.375 14421 997 177 4:00 60.000 10.250 CMVT 73.313 -3.000d 76.313 77.188 77.250 73.250 9141 1037 10 4:01 76.438 19.578 ADCT 48.000 -3.625d 51.625 51.563 51.625 47.875 19615 1547 4 4:01 53.625 15.750 LVLT 72.000 -3.750d 75.750 76.125 77.438 71.313 10850 1993 41 4:01 100.125 22.375 RBAK 84.000 -4.000d 88.000 89.000 89.000 82.750 613 127 2 3:59 112.875 65.000 TLAB 57.938 -4.625d 62.563 62.813 63.250 57.500 29751 4562 15 4:01 64.000 15.688 UNPH 148.875 -5.625d 154.500 154.438 154.500 148.000 9045 1721 100 4:00 155.750 31.250 E*Portals [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- SEEK 48.625 6.313d 42.313 49.375 51.750 47.125 N/A 17146 3 4:01 100.000 14.875 INSP 46.750 0.375u 46.375 46.375 51.500 44.688 13836 3620 1 4:00 72.625 9.750 LCOS 92.125 -0.125d 92.250 94.250 96.750 91.750 14143 3098 6 4:00 145.375 20.063 GNET 100.563 -7.438d 108.000 111.000 111.000 99.813 4670 1350 3 4:00 199.000 6.406 ISPs_WebHosting [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- CNCX 35.250 1.250- 34.000 35.250 36.438 33.875 8650 856 1 4:00 57.625 7.125 EXDS 88.563 1.188d 87.375 88.750 93.000 86.750 22580 3868 33 4:00 109.125 7.750 VRIO 61.875 0.813d 61.063 62.625 63.250 60.750 4463 590 69 4:00 78.000 13.000 ABOV 32.500 -1.375d 33.875 34.000 35.000 32.375 10179 2145 1 4:00 75.500 5.750 ELNK 51.875 -1.625d 53.500 54.375 54.500 51.000 9181 2078 3 4:00 99.375 19.500 PSIX 43.375 -1.750d 45.125 45.250 45.625 43.000 6787 905 4 3:59 73.750 8.375 MSPG 71.875 -3.188d 75.063 75.000 76.750 70.875 11663 2247 4 4:00 133.000 18.328 E*Banking [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- SONE 39.375 -0.875d 40.250 41.000 41.500 39.250 2864 401 1 3:59 79.250 4.625 NTBK 31.938 -1.375d 33.313 34.938 34.938 30.750 27827 4787 2 4:00 83.000 3.578 TBFC 78.500 -1.500d 80.000 82.000 82.750 78.000 5841 1305 1 4:00 151.750 7.875 E*Brokers [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- NITE 59.000 1.000d 58.000 60.125 62.000 58.000 N/A 14341 1 4:00 81.625 2.250 EGRP 40.750 -1.125d 41.875 43.063 43.188 40.500 63888 13023 3 4:00 72.250 2.500 NDB 41.750 -2.188d 43.938 44.188 44.438 41.313 4441 749 1 4:01 93.000 8.125 AMTD 85.250 -3.000d 88.250 89.688 89.688 84.000 18218 5191 2 4:00 188.375 5.625 SCH 102.625 -4.313d 106.938 108.500 108.500 102.063 19847 1915 5 4:08 155.000 18.500 E*Commerce_E*SW [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- NSOL 56.000 -0.188d 56.188 57.000 57.875 54.000 9150 1849 1 4:00 153.750 10.500 VIGN 56.375 -0.625d 57.000 58.375 58.750 56.125 2354 314 4 3:59 111.750 37.250 BVSN 55.125 -1.125d 56.250 56.500 56.500 53.813 2875 531 2 4:00 72.375 9.250 CPTH 49.563 -1.438d 51.000 51.563 51.750 49.375 4500 331 2 3:59 150.250 45.000 VERT 78.250 -1.750d 80.000 79.750 82.813 76.000 1770 379 1 3:59 149.000 34.750 VRSN 58.500 -2.625d 61.125 62.500 64.000 58.000 7473 1025 3 4:00 94.125 9.688 INTU 86.500 -3.563d 90.063 90.063 91.125 86.500 4947 820 24 4:01 110.750 26.250 MACR 41.000 -4.125d 45.125 44.750 45.000 40.750 6159 797 4 4:00 53.250 12.313 E*Misc [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- HLTH 86.375 6.438u 79.938 82.000 94.188 80.000 20408 7722 5 4:00 126.188 21.750 IVIL 39.625 -0.625d 40.250 41.500 41.500 38.750 2991 527 9 4:00 130.000 36.313 ETYS 52.125 -1.188u 53.313 51.375 52.750 49.625 10209 980 18 4:00 83.563 44.750 GMST 63.625 -2.500d 66.125 67.313 67.625 63.438 8063 810 1 4:00 66.875 15.500 PCs [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- BBY 56.313 0.188d 56.125 56.625 57.625 56.125 9945 1025 5 4:17 59.688 15.969 CPQ 22.938 -0.938d 23.875 23.625 23.688 22.500 N/A 11464 N/A 4:09 51.250 22.250 AAPL 47.688 -1.250d 48.938 48.750 48.813 47.563 28005 2151 7 4:01 50.000 26.750 GTW 63.500 -2.063d 65.563 65.500 65.500 63.125 15764 844 145 4:10 84.500 36.125 LXK 142.063 -2.938d 145.000 145.000 146.125 141.500 3958 674 55 4:00 148.750 50.750 SemiCapX_EDA [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- SNPS 49.500 1.625u 47.875 48.000 49.875 47.375 10380 1067 10 4:00 61.250 24.500 LRCX 31.875 1.563u 30.313 30.875 32.000 30.375 6687 766 27 4:01 39.250 8.375 KLAC 49.438 1.438u 48.000 48.813 50.000 48.375 17272 2404 37 4:01 65.000 20.750 NVLS 56.063 1.250u 54.813 55.813 56.875 54.625 7847 1139 31 4:01 75.500 20.875 TER 60.750 0.563u 60.188 60.188 62.000 59.500 6151 610 136 4:01 66.500 15.000 AMAT 61.813 0.000d 61.813 62.188 63.375 61.563 45904 6396 1 4:01 71.625 21.563 Semis [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- RMBS 87.750 9.875u 77.875 81.875 88.875 79.625 34565 6548 8 4:01 109.938 35.500 BRCM 102.250 3.750u 98.500 100.500 103.375 99.000 14367 3283 107 4:01 109.688 23.500 LSCC 53.938 1.281u 52.656 52.875 55.000 52.500 3893 634 1 3:58 58.750 18.875 MCHP 39.750 -1.438d 41.188 40.875 42.125 39.625 1962 370 2 4:01 46.750 17.000 XLNX 45.500 -1.688d 47.188 47.063 48.813 45.500 18222 2262 1 4:01 54.375 14.875 ALTR 32.500 -1.813d 34.313 34.438 34.813 32.500 21888 2067 160 4:01 41.156 14.125 PMCS 54.500 -2.500d 57.000 57.875 57.938 54.500 2937 739 2 4:00 58.688 11.438 TXN 117.000 -3.063d 120.063 121.375 123.000 116.625 32851 2148 3 4:15 121.750 45.375 LLTC 55.125 -3.375d 58.500 58.500 58.750 54.750 12391 1184 15 4:01 64.125 19.563 VTSS 58.500 -3.875d 62.375 62.563 62.563 58.500 8195 1440 100 4:00 62.625 17.125 STM 123.500 -4.438d 127.938 127.000 129.000 123.500 1803 228 56 4:01 129.000 35.875 QLGC 113.750 -5.063d 118.813 119.750 119.750 113.000 2357 405 10 3:59 124.500 13.938 Software [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- CA 51.563 1.500u 50.063 49.750 52.188 49.563 26408 1377 2 4:11 61.938 26.000 MERQ 35.938 -0.063d 36.000 36.125 37.000 35.375 6343 596 3 3:59 39.938 10.563 ERTS 49.375 -0.250d 49.625 49.688 49.938 48.875 4637 507 9 4:01 57.125 33.250 SEBL 51.563 -0.688d 52.250 52.375 53.750 50.500 16369 1574 1 4:01 54.500 15.125 CPWR 29.938 -0.938d 30.875 30.750 30.813 29.750 29704 1958 37 4:01 39.906 16.375 RATL 35.438 -1.375d 36.813 36.813 37.000 35.250 7448 650 2 4:00 36.875 10.500 LGTO 57.625 -1.875d 59.500 59.750 61.125 56.313 6755 1117 5 3:59 67.750 26.500 EFII 46.375 -2.000d 48.375 48.500 48.500 46.250 5081 590 5 4:01 52.000 13.500 CHKP 51.375 -2.000d 53.375 53.500 53.875 50.625 9002 1328 1 3:59 56.000 10.875 CTXS 51.875 -2.063d 53.938 54.000 54.750 51.625 16119 1485 6 4:01 54.375 23.125 ADBE 67.875 -2.063d 69.938 69.250 69.813 67.250 6772 948 5 4:01 81.063 23.625 BMCS 48.438 -2.125d 50.563 50.250 50.250 48.313 23744 1823 1 4:01 60.250 30.000 VRTS 94.625 -2.500d 97.125 97.500 98.000 93.500 12405 1218 37 4:01 99.250 23.750 NEON 49.250 -4.313d 53.563 53.875 53.875 49.000 9550 1175 1 4:00 78.375 12.000 Banks_Brokers [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- WFC 40.688 -0.250d 40.938 40.875 41.250 40.375 16054 917 13 4:10 44.875 27.500 BAC 65.938 -0.313d 66.250 66.313 66.625 65.500 21672 1365 16 4:10 88.438 44.000 MER 73.000 -0.875d 73.875 74.125 75.563 72.250 29309 2573 9 4:25 109.125 35.750 C 43.188 -1.000d 44.188 44.063 44.188 42.625 54376 3200 2 4:30 51.750 19.000 DLJ 57.938 -1.563d 59.500 59.500 60.250 57.250 3335 449 1 4:01 100.750 20.375 CMB 74.875 -1.875d 76.750 76.313 76.438 73.875 22121 1098 10 5:01 91.125 35.563 GS 63.750 -2.188d 65.938 65.375 65.688 63.750 5717 360 327 4:01 77.250 62.000 MWD 91.250 -2.813d 94.063 94.000 94.625 90.625 19870 1042 1 4:10 116.938 36.500 Bios_Drugs [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- PFE 111.000 0.000d 111.000 112.688 113.750 110.563 35149 3972 13 4:26 150.125 86.000 AMGN 59.250 -1.438d 60.688 60.750 60.750 59.063 39980 3356 3 4:01 81.375 28.969 BGEN 111.250 -3.563d 114.813 114.813 115.375 111.250 5475 934 8 4:01 120.500 41.750 IMNX 126.625 -9.875d 136.500 136.625 137.875 122.125 31669 3779 27 4:01 145.875 23.938 Laser [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- BOL 75.750 -0.563d 76.313 76.063 76.313 74.750 3233 249 13 4:02 84.750 38.063 LZRC 46.750 -0.938d 47.688 47.375 48.125 46.500 1355 136 1 3:59 50.750 10.125 BEAM 20.750 -1.750d 22.500 22.750 23.438 20.625 15216 2040 280 4:01 23.063 3.000 VISX 72.313 -2.188d 74.500 75.938 76.000 71.000 17701 2545 28 4:00 77.875 10.484 LVCI 60.750 -4.500d 65.250 65.750 66.250 60.500 1693 403 3 4:00 65.625 8.500 ECM [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- SLR 56.625 -1.000d 57.625 57.500 57.875 56.063 9201 635 132 4:01 60.000 17.719 FLEX 52.375 -1.313d 53.688 53.625 54.625 51.875 1306 273 2 3:59 57.375 10.984 JBL 48.000 -1.750d 49.750 49.875 49.938 47.938 3801 282 15 4:00 54.188 11.500 SANM 75.000 -1.938d 76.938 77.750 79.188 74.750 8613 960 150 4:01 81.125 19.625 Misc [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- EXTR 46.750 1.813u 44.938 45.938 46.750 45.375 3116 320 2 4:00 65.125 35.063 NTAP 49.000 -2.125d 51.125 51.000 51.000 48.375 6287 723 20 4:00 67.000 16.000 ==========================