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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Schtoink! who wrote (29845)	6/29/2001 9:31:21 PM
From: StormRider	Respond to of 37746

General Commentary Friday was more than a little unusual. The Nasdaq had problems with its SelectNet and Small Order Execution System (SOES) which made it difficult to execute trades during the session. To complicate matters, trading was extended through 5 p.m. EST while the systems continued to be hit or miss. The result -- an extra hour of confusion in thin trading conditions which added an extra kick to the conventional volatility of the quarter's final session. System problems or not, the Nasdaq followed through on its gains earlier this week to close out Friday's session with a 110-point weekly gain. In a somewhat surprising move, the Nasdaq has taken out a number of near-term resistance levels in recent sessions. It isn't the direction of the move that is entirely surprising but rather the magnitude of the move on what has been either largely expected news (e.g. rate cut) or relatively negative news (e.g. size of rate cut/earnings warnings). Watching the Nasdaq climb this proverbial wall of worry is encouraging for market bulls and fits with our contention that the index is positioned for a move to recovery highs. With June behind us now, investors will be turning their attention towards earnings reports rather than earnings warnings. We believe there are a number of reasons to be bullish heading into the July earnings season. First, the Fed has eased rates by 275 basis points since January -- the impact of the first two cuts is just now beginning to filter through our economy. Second, tax rebates will be mailed out in the coming months which should lend support to a consumer that has demonstrated surprising strength in recent months. Finally, energy prices have been dropping recently with price of crude oil currently standing at $26.25 per barrel. This is well off recent highs in the $29 dollar range and the lower price levels should reduce expenses for both the consumer and businesses which are heavily reliant on oil prices. The coming week is a holiday week in which the U.S. markets will be closed on Wednesday. Watch for lighter volume throughout the week as many professionals vacation ahead of July earnings reports. This means amateur traders are likely to have a disproportionate impact on market activity relative to typical sessions. As a rule, this dynamic is generally bullish as less experienced traders tend to favor the long side of a trade. While the index may be somewhat overbought on a very near-term basis, the overall technical picture has improved substantially since surviving several sessions of solid tests to the 1974/2000 level. Regardless of whether we experience a shallow near-term pullback (which is far from a certainty but a distinct possibility), the trend initiated in April remains intact. Briefing

To: Schtoink! who wrote (29845)	6/29/2001 11:07:59 PM
From: Sharck	Read Replies (1) \| Respond to of 37746

Hi Dan, Will give you a call this week end.... Was a crazy day out there, ENTU news: Entrust Joins Cisco AVVID Partner Program Entrust Expanding Market Coverage Through Tested Interoperability With Cisco AVVID and the SAFE Security Blueprint DALLAS--(BUSINESS WIRE)--June 27, 2001--Entrust, Inc. (Nasdaq:ENTU - news) today announced that it has joined the Cisco AVVID (Architecture for Voice and Video Integrated Data) Partner Program and passed interoperability testing as a security and virtual private network (VPN) solutions member. Through membership in the Cisco AVVID partner program, Entrust provides Cisco enterprise VPN customers with unmatched secure identity capabilities. The Cisco AVVID Partner Program is an interoperability testing and co-marketing program enabling leading product and services firms to deploy innovative solutions for conducting business online. As a prerequisite for joining the program, Entrust VPN Connector 5.1 product had to pass a strict interoperability test with the Cisco VPN 3000 Concentrator series. The combination of Entrust public-key infrastructure (PKI) solutions and Cisco VPN products provide enterprise customers with enhanced network security for conducting e-Business safely. ``Kaiser Permanente protects the privacy of our patient information and verifies that only authorized users are able to access our clinical information application using Entrust's enhanced security offerings. The Cisco VPN 3000 Concentrator Series currently enables doctors and technology staff to take advantage of a secured Internet connection to do work from home that would otherwise require them to come into the office,'' said Geraldine Martin, director of information protection at Kaiser Permanente. ``By passing the interoperability verification testing under the Cisco AVVID Partner Program, Entrust provides Kaiser Permanente with enhanced, tested and reliable security solutions.'' Having joined the Cisco AVVID Partner Program and passed interoperability testing, Entrust will deliver the strong identification, entitlements, verification, privacy and security management capabilities based on SAFE, the security blueprint for Cisco AVVID, to enable Cisco's enterprise customers to securely conduct online activities. These activities can range from B2B e-commerce and reading and sending e-mail to checking proprietary sales information and making changes to 401-K plans and other proprietary human resources data. ``Cisco and Entrust have worked closely for several years to offer e-Businesses interoperable solutions that securely identify Internet users,'' said Greg Mayfield, business development manager at Cisco Systems. ``Cisco customers recognize the value of comprehensive security solutions, which is why we're working with best-in-class ecosystem partners like Entrust to deliver key capabilities for accurately identifying users on the network.'' ``Entrust's verification and membership in the Cisco AVVID Partner Program enhances its ability to reach the fast-growing VPN market by combining Cisco's reliable VPN products with Entrust's industry-leading enhanced Internet security solutions,'' said Bill Conner, Entrust president and CEO. ``We're excited to be a member of the program and to provide enterprise VPN customers with access to the enhanced Internet security capabilities they need to securely access company e-mail, intranets and shared applications.'' Cisco customers taking advantage of the Entrust VPN Connector 5.1 product can experience greater efficiency in managing secure networks by decreasing and centralizing administration, thereby reducing costs and potentially adding to the bottom line. The Cisco AVVID Partner Program was established to provide an intelligent, reliable and secure network infrastructure for today's Internet business solutions. SAFE, as the security blueprint for Cisco AVVID, is a flexible and comprehensive network design to help organizations reliably and cost-effectively engage in e-Business. As a valuable component of the SAFE network security blueprint, supporting remote access VPN deployments, Entrust VPN Connector complements Cisco's industry-leading VPN 3000 Concentrator series.