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To: d. alexander who wrote (25586)	3/14/2000 9:41:00 PM
From: d. alexander	Respond to of 68393

on Naz vol.-sorry, at close>yesterday, tho still < 2 billion.

To: d. alexander who wrote (25586)	3/15/2000 1:45:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68393

Dorothy, I-watch is the http:\\www.thomsoninvest.net site with the hard to read option graphs. Just count the super sell and super buy blocks in the lower part of the graph. I agree about the rotation out of the opticals. Refer to the story below. *************************** ************************* Wed Mar 15 12:45am ET - U.S. Markets open in 8 hours 46 minutes. Dow 9811.24 -135.89 (-1.37%) Nasdaq 4706.63 -200.61 (-4.09%) S&P 500 1359.15 -24.47 (-1.77%) NYSE Volume 1,094,060,000 Nasdaq Volume 1,987,135,000 30-Yr Bond 6.106% -0.056 INTERNET 13 -3.2% Edit Delete Compare CHIPS 13 -6.4% Edit Delete Compare CHIP EQUIP 12 -6.5% Edit Delete Compare Telecom Equip 21 -3.9% Edit Delete Compare RETAIL 8 +0.7% Edit Delete Compare SOFTWARE1 13 -1.3% Edit Delete Compare DSL 6 -4.4% Edit Delete Compare DWDM 15 -4.6% Edit Delete Compare Financials1 6 -0.7% Edit Delete Compare Carriers1 6 -5.0% Edit Delete Compare Telecom Construction1 3 -3.7% Edit Delete Compare networkers1 4 -6.3% Edit Delete Compare Contract Manufacturers 5 -2.9% Edit Delete Compare Tier 2, D-WDM 15 -5.5% Edit Delete Compare Broadband Cable 1 8 -3.9% Edit Delete Compare Harry's current watchlist 33 -3.5% Edit Delete Compare DOW 10 -1.5% Edit Delete Compare DRUGS 4 +0.4% Edit Delete Compare XML 15 +0.1% Edit Delete Compare Internet Security 20 -7.4% Edit Delete Compare Supercoductors 5 -12.8% Edit Delete Compare Bull Sector-optical 84 -4.7% Edit Delete Compare Satellite Stocks1 3 +0.3% Edit Delete Compare *********************** *********************** ORCL with good earnings. 32 percent growth in database sales year over year. 35 percent growth in Applications year over year. Flat SG&A. 87 percent income growth. Increased revenues with 4 percent fewer head count. Target of 1 billion in cost reductions in 12 months set last year, reached in 9 months. There should be a nice spill over for IFMX tomorrow. ********************* ********************* biz.yahoo.com Wednesday March 15, 12:10 am Eastern Time Biotech shares tumble after Blair, Clinton comments "Among the biggest losers were high-flying U.S. genomics companies, firms that study the structure and function of genes and typically sell that information to pharmaceutical companies and other subscribers. Incyte Pharmaceuticals Inc (NasdaqNM:INCY ),a Palo Alto, California-based genomics firm, tumbled 53- to 143-1/2, or 27 percent. Millennium Pharmaceuticals Inc (NasdaqNM:MLNM) sank 59- to 176, or 25 percent. And Celera Genomics (NYSE:CRA )a unit of Maryland-based PE Corp, fell 40 to 149, or 21 percent. But the selloff included a wide range of other types of biotechs, including Seattle-based drugmaker Immunex Corp (NasdaqNM:IMNX ), which dropped 31-7/16 to 153-5/16. The drop came after U.S. President Bill Clinton and British Prime Minister Tony Blair called research into the human genetic blueprint ``one of the most significant scientific projects of all time' and proposed that to fully realise its potential the data should be freely available." Immunex Corp (NasdaqNM:IMNX ) Incyte Pharmaceticals Inc (NasdaqNM:INCY) Millennium Pharmaceuticals Inc (NasdaqNM:MLNM ) NAS/NMS BIOTECH (NASDAQ Stock Exchange) (^IXB ) PE Corp (NYSE:CRA ) ******************************* ******************************* ******************************* ******************************* cbs.marketwatch.com Money managers see telecom pullback But when? Meanwhile, Sprint takes 'flat' approach By Jeffry Bartash <mailto:jbartash@marketwatch.com>, CBS MarketWatch Last Update: 4:41 PM ET Mar 14, 2000 The brokerage's special survey, conducted with Gallup, showed that 75 percent of 251 money managers interviewed plan to trim holdings of telecommunications, Internet and media stocks amid concerns that they've become grossly overvalued. It's precisely those stocks whose advances have carried the stock market, primarily the Nasdaq, to new highs. For investors, it's hard to figure out what to do even if this report is accurate. While money managers may withdraw cash from the highfliers, it's unlikely to be across the board. Expect the pullbacks to occur company by company, though bad news at some sector leaders could hurt the whole group. Based on past market history, it seems that any telecom, Internet or media stock that issues an earnings warning or reports other bad news is likely to get crunched. Wall Street happenings. Telecommunications stocks that hit new peaks on Tuesday include Metromedia Fiber Communications (MFNX ), Copper Mountain Networks (CMTN),Redback Networks [s rbak], Teligent (TGNT) and Winstar Communications (WCII). ********************