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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: Frederick Langford who wrote (572)6/11/2001 4:30:49 PM
From: Connor26  Read Replies (1) | Respond to of 26752
 
maybe not - coming down afterhours - SATC had a buy at 13.39 and 13.40 getting my hopes up but now its settled down and the last buy was at 12.75



To: Frederick Langford who wrote (572)6/11/2001 4:35:38 PM
From: Susan G  Read Replies (1) | Respond to of 26752
 
15:45 ET Fuel Cell Stocks : Fuel cell stocks spike on newswire stories that General Motors (GM) will make an "important" fuel cell announcement tomorrow; PLUG +1.02, FCEL +2.97, BLDP +1.24.

FCEL now down over THREE in after hours.
What a trap <g>



To: Frederick Langford who wrote (572)6/11/2001 4:48:12 PM
From: Susan G  Read Replies (1) | Respond to of 26752
 
from Real Money.com Trader's Diary



Ken Wolff
BRCD, BRCM, CSCO, INTC
6/11/01 4:40 PM ET
At first glance, the overall Nasdaq numbers today look a bit gloomy. If you take a closer look at the ending momentum though, I saw positive signs there.

The slow afternoon upward drift never really let up, and that end of day buying wave held right up to close. We also saw pockets of strength in a few individual stocks, in relation to their intra-day ranges, including Brocade (BRCD:Nasdaq), Broadcom (BRCM:Nasdaq), Cisco (CSCO:Nasdaq), and Intel (INTC:Nasdaq). Afterhours as well I am seeing buying continuing in a lot of the tech leaders.

If you add all this up, I think it could be a promising sign for tomorrow's momentum, and I will be on a closer look-out for buyers. That is of course, barring any overnight warnings or negative news.

Good Night Everyone!
Bill Meehan
MARKET
6/11/01 4:25 PM ET
The market limped into the close. Off its worst levels but lacking much punch. We’ll see if there’s another blowup after the close and before the open, as tomorrow’s economic calendar is also bereft of anything important.

Booking profits when you can seems to me to make a great deal of sense. I’ve got as much conviction now (which isn’t a great amount) as I did coming into the session, but prudence says to take some off. It seems as if we’ll be stuck in this quicksand for a while longer, and the data coming later in the week isn’t likely to lend the bulls a hand.

The Semiconductor Index (SOX:PHLX) is showing little at the bell and it’s the same for the Dow Transports. Even IBM (IBM:NYSE) slipped into the close. We’ll do it again tomorrow, and I only hope that it’s more interesting than today was. Have a pleasant evening, all.