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

To: Susan G who wrote (760)	6/12/2001 1:18:14 PM
From: SusieQ1065	Read Replies (1) \| Respond to of 26752

alert on ISRG

To: Susan G who wrote (760)	6/12/2001 2:00:28 PM
From: 2MAR$	Respond to of 26752

New Focus -3: Stock May Trade Higher Wednesday - Analyst The company was recently battered by heavy insider transactions, pulling the stock down to a 52-week low last week. On Friday a sell off of the company stock was sparked by a registration to unload 500,000 shares by U.S. Venture Partners, a venture capital firm based in Menlo Park, Calif., forcing the company's stock to tumble 11%. The firm registered to sell almost half a million shares of New Focus stock in February. Shares of the fiber optics concern have been decimated from it's 52-week high on July 25 when the stock was trading at $165 a share. Peter Green, a money flow analyst at Gerard Klauer Mattison, attributed the heavy volume to possible short covering, a signal that, short of "fundamental problems with the company" the stock could be bottoming. He added that the company would probably trade higher Wednesday, citing a rebound from its 52-week low reached Monday. Green said it is likely a stock will gain ground on subsequent days if it trades higher the day after reaching a year low. New Focus recently gained as much as 12% with more than 4 million shares trading hands. About 26 block trades were executed, though it was not immediately known who they were traded by. -By Adam Freeman, Dow Jones Newswires; 201-938-5023 (END) DOW JONES NEWS 06-12-01 01:59 PM