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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Dalin who wrote (31775)2/22/2001 4:36:35 PM
From: im a survivor  Respond to of 65232
 
<<Speakin of green.........all in all, not too bad today.>>

I was down about 6% today, with the naz only down 23 points or so....thank qcom,rmbs and jdsu for me <ggg>



To: Dalin who wrote (31775)2/22/2001 4:39:35 PM
From: stockman_scott  Respond to of 65232
 
Stocks Bounce Back From Deep Selloff

Thursday February 22, 4:21 pm Eastern Time

NEW YORK (Reuters) - Stocks fell on Thursday as more corporate earnings woes sparked a panicky morning selloff that knocked the Nasdaq composite index to a low unseen since late 1998, though the market managed a late recovery.

Bad earnings news from data-storage giant EMC Corp (NYSE:EMC - news) and Brocade Communications Systems Inc. (NasdaqNM:BRCD - news) spooked the Nasdaq early.

The Nasdaq fell 23.97 points, or 1.06 percent, to end at 2,244.97, according to the latest data, while the Dow Jones Industrial average ticked up 0.23 of a point to 10,526.81. The benchmark Standard & Poor's 500 index shed 2.45 points, or 0.20 percent, to 1,252.82.

``There is no theme right at the moment and there is lack of fundamental information coming from companies, so this market is fishing for something that is tangible and substantial,'' said Ned Riley, chief investment strategist, State Street Global Advisors in Boston.

``The only thing they have to focus on is the Federal Reserve policy, which is five weeks away. Until then, you are going to get a lot of opinion and less fact,'' he added, referring to the next Fed policy-setting meeting set for March 20.

Early in the day, the Nasdaq dropped 3.6 percent to a low of 2,185.91, an intraday bottom unseen since Dec. 31, 1998. The Standard & Poor's 500 dropped to a low matched only by levels set in March 1999.

Year-to-date, the Nasdaq composite is down 9.1 percent, the Dow is off 2.4 percent and the S&P 500 has lost 5.1 percent.

The Nasdaq was weighed down early by warnings from EMC and another from Brocade Communications Systems Inc. (NasdaqNM:BRCD - news). The news eroded the data storage sector, one of the last bastions of relative strength in an otherwise beleaguered technology sector.

EMC, the most active stock on the New York Stock Exchange, fell $2.60 to $40.35, and Brocade, the third most-active Nasdaq stock, fell $2-3/4 to $41-15/16. The selling pressure spread to peers, including Veritas Software (NasdaqNM:VRTS - news), which tumbled $6-13/16 to $65-9/16.



To: Dalin who wrote (31775)2/22/2001 4:59:01 PM
From: Clappy  Read Replies (1) | Respond to of 65232
 
I think I'll go find Cdt Clappy and shoot em down. <g>


I've been dodging Naz bullets all day.
I'm ready to shoot down some Russian Planes over at www.zone.com
I'll be over in the free area. I need my stocks to go up a little before I start paying MSN the monthly subscription. <g>

I wonder if Volty would know how to fly one of those Flying Tigers like we do.
Not as high tech as a Mooney but sure are fun to fly.
We could give him a lesson or two. We could tell him that all the Blue planes are those pests on SI who like to annoy him. <g>
Guns will be blazin'!!!

See you in the sky.

-Clappy

P.S. For those who don't know what we are talking about:
Go here and get the free download: zone.msn.com

Then learn to fly the planes for a little while by selecting "practice".

Then meet us here:
zone.msn.com
In the Free area: Fighter Training room.

It helps if you have a joystick, but it's not necessary. If you have any questions, ask Dalin. He's a wiz at that stuff.

Look for me. I go by the name ClappGun and Dalin is Dalinster or Stowboat.

I'm heading out over Clown Killer Airspace. I'm going to attempt to shoot down some of those over inflated Puts that have been flying around in... <g>

See y'all in the sky.

(Come and join us Dealie! I know you can do it. Let's shoot down those shorts and those a-hole analysts flying in the purple planes...)