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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (34622)	10/3/2001 8:16:56 PM
From: Johnny Canuck	Respond to of 68410

I am still not as bullish as Suresh. A test of 1100 on the COMPX can still in the cards in the next 12 months. I don't expect that this move is more than an intermediate term rally like in April at this point. Based on the TLAB guidance of no recovery till Q4 2002 and the fact that a new PC upgrade cycle may begin in 2002 since the last upgrade was in 1999 (Y2K), 2002 might be a turn around year. 12 months is a long time and the fact that the market gets a major correction every 18 months on averae any thing can happen. The FED is pumping a lot of liquidity into the system, but a lot of people I would expect are under water in the markets in a big way too. Till the traders on the street get better control of their debt the upside is limited. Amazing enough my broker was telling me some of his clients were getting margin calls on mutual fund they had bought. The funds it seems did not used hard stop loss and got caught in the down draft. That is pretty scary for professionals and indicates there may be less money than people think in the hand of the funds. I am actually not as bearish as I sound. I am just just trying to built the worst case scenario to balance my own bullish tendencies.

To: Clint E. who wrote (34622)	10/4/2001 5:40:31 AM
From: Clint E.	Respond to of 68410

Wed 10/3/2001 - 1580.81 +88.48 (+5.93% @ 2.6B -- Cisco+NAPM+stim_package Message 16453222 Symbol Last Trade Change Volume Avg Vol Open Day's Range 52-week Range P/E ^DJI Oct 3 9123.78 0.00 0.00% N/A N/A 0.00 0.00 0.00 8062.34 11350.05 N/A ^IXIC Oct 3 1580.81 +88.48 +5.93% N/A N/A 1479.27 1473.22 1595.48 1387.06 3714.48 N/A QQQ Oct 3 31.00 +2.18 +7.56% 136,224,000 N/A 28.429 28.33 31.61 27.2000 90.2500 N/A ^NDX Oct 3 1249.41 +90.04 +7.77% N/A N/A 1144.76 1139.21 1267.51 1088.96 3613.86 N/A ^SPX Oct 3 1072.28 +20.95 +1.99% N/A N/A 1051.33 1041.48 1075.38 944.75 1454.82 N/A ^SOXX Oct 3 388.81 +34.18 +9.64% N/A N/A 351.72 345.46 395.00 343.93 873.56 N/A ^VIX Oct 3 33.10 -0.95 -2.79% N/A N/A 35.00 32.46 35.00 13.38 57.31 N/A DOW No such ticker symbol. Try Symbol Lookup (Look up: DOW) UTX Oct 3 51.07 +2.11 +4.31% 3,569,800 2,523,090 48.95 48.50 51.68 40.1000 87.5000 12.78 IBM Oct 3 96.95 +3.18 +3.39% 11,118,800 6,858,272 92.90 92.40 97.62 80.0625 119.9000 20.02 HWP Oct 3 16.00 +0.75 +4.92% 13,876,400 6,638,818 15.00 14.85 16.16 12.5000 49.9063 22.10 MRK Oct 3 67.66 -0.78 -1.14% 5,802,100 5,388,000 68.45 66.28 68.45 60.3500 96.6875 22.67 JPM Oct 3 34.67 +0.02 +0.06% 15,753,100 6,227,000 34.52 34.30 35.28 29.0400 57.3300 19.47 C Oct 3 43.48 +1.23 +2.91% 19,325,800 10,825,318 41.78 41.69 44.00 34.5100 57.3750 16.09 AXP Oct 3 29.94 +1.02 +3.53% 6,511,300 4,820,363 28.92 28.50 30.09 24.2000 63.0000 18.47 WMT Oct 3 52.73 +0.73 +1.40% 13,967,200 6,687,272 51.89 51.50 53.47 41.4375 58.7500 36.52 GE Oct 3 38.15 +0.10 +0.26% 25,649,700 19,548,500 37.65 37.40 38.47 28.5000 59.9375 27.83 BANK_BRKR No such ticker symbol. Try Symbol Lookup (Look up: BANK_BRKR) BAC Oct 3 59.99 +0.51 +0.86% 8,331,600 5,179,909 58.95 58.80 60.30 36.3125 65.5400 13.69 WFC Oct 3 44.75 +0.15 +0.34% 3,858,400 3,780,045 44.60 44.32 45.05 39.6250 56.3750 25.59 MER Oct 3 41.45 +1.95 +4.94% 8,380,600 5,032,500 39.10 39.01 41.81 33.5000 80.0000 11.79 MWD Oct 3 49.89 +3.07 +6.56% 6,040,700 4,096,045 46.10 46.00 50 35.7500 93.5000 13.61 AGE Oct 3 36.90 +1.13 +3.16% 458,300 354,227 35.77 35.41 37.42 29.7600 52.8125 15.45 BSC Oct 3 52.10 +2.13 +4.26% 1,426,600 724,000 49.55 49.35 52.13 40.6500 68.0000 10.89 LEH Oct 3 59.92 +2.31 +4.01% 2,676,800 2,016,090 57.45 56.75 59.96 43.5000 86.2000 10.71 WIRELESS No such ticker symbol. Try Symbol Lookup (Look up: WIRELESS) QCOM Oct 3 44.81 -1.06 -2.31% 33,385,700 11,847,454 45.67 43.34 48.05 42.6010 107.8125 N/A NOK Oct 3 16.09 +0.89 +5.86% 25,479,100 12,255,545 14.85 14.75 16.69 12.7000 53.7500 21.11 MOT Oct 3 15.35 +0.12 +0.79% 19,433,300 10,609,818 14.85 14.25 15.66 10.5000 29.8125 N/A PCS Oct 3 27.73 +0.73 +2.70% 10,104,200 7,901,045 26.85 26.54 28.50 15.7200 39.1875 N/A TPC Oct 3 35.80 +0.55 +1.56% 139,000 200,681 35.45 35.45 36.06 25.8750 52.7500 N/A RIMM Oct 3 15.75 +0.64 +4.24% 6,968,200 3,145,636 14.75 14.20 16.51 13.7000 132.6875 N/A LWIN Oct 3 15.03 +0.51 +3.51% 976,200 822,681 14.40 13.58 15.10 12.7000 66.6250 N/A DISH Oct 3 24 +0.98 +4.26% 3,894,900 2,369,636 23 22.51 24.25 19.4900 56.4375 N/A PROX Oct 3 7.65 +0.13 +1.73% 430,500 746,818 7.45 6.96 7.94 5.6250 68.5000 N/A NETWRK_HW No such ticker symbol. Try Symbol Lookup (Look up: NETWRK_HW) A Oct 3 21.25 +1.18 +5.88% 2,930,900 1,726,181 19.85 19.55 21.48 18.0000 68.0000 21.13 SUNW Oct 3 9 +0.99 +12.36% 77,184,400 39,021,592 7.95 7.81 9.35 7.5200 61.0000 27.62 CSCO Oct 3 13.95 +2.47 +21.52% 196,490,400 55,756,864 11.36 11.15 14.42 11.0400 59.4375 N/A NT Oct 3 5.54 +0.25 +4.73% 35,291,500 13,561,636 4.90 4.90 5.75 4.7600 70.0000 N/A LU Oct 3 6.20 +0.38 +6.53% 29,879,400 24,873,454 5.66 5.62 6.48 5.0000 34.6250 N/A JNPR Oct 3 12 +2.47 +25.92% 35,971,400 12,260,363 9.45 9.20 12.70 8.9000 244.5000 23.53 EXTR Oct 3 7.84 +1.42 +22.12% 11,519,200 4,459,090 6.31 6.01 8.25 5.8500 128.8750 N/A CIEN Oct 3 12.03 +2.52 +26.50% 28,603,700 17,540,772 9.38 9.20 12.61 9.2000 151.0000 84.91 GLW Oct 3 9.00 +0.13 +1.47% 14,731,000 7,990,590 8.87 8.46 9.50 8.2300 107.0000 N/A JDSU Oct 3 7.13 +0.87 +13.90% 59,680,100 24,433,228 6.16 6.12 7.283 5.1200 104.5625 N/A ONIS Oct 3 5.23 +0.83 +18.86% 7,505,900 5,050,090 4.24 4.20 5.72 3.5000 82.7500 N/A AFCI Oct 3 16.65 +2.39 +16.76% 4,999,100 1,758,454 14.56 14.56 17.55 11.8750 41.1250 6.03 DIGL Oct 3 5.40 -3.62 -40.13% 7,028,200 1,558,181 5.50 4.90 5.62 4.9000 76.3750 6.72 NUFO Oct 3 3.04 +0.04 +1.33% 573,900 1,165,409 2.99 2.89 3.41 2.1000 91.4375 N/A EXFO Oct 3 9.61 +1.10 +12.93% 196,300 270,045 7 7 9.78 7.0000 51.5000 146.72 SCMR Oct 3 3.80 +0.11 +2.98% 3,840,600 2,114,681 3.59 3.50 4.29 3.0000 115.8750 N/A CORV Oct 3 1.52 +0.05 +3.40% 5,473,200 3,993,727 1.54 1.30 1.60 1.1900 71.7500 N/A MRVC Oct 3 3.06 +0.1698 +5.88% 554,000 1,163,500 2.79 2.76 3.20 2.2500 53.7500 N/A AVCI Oct 3 1.839 +0.309 +20.20% 1,563,100 1,088,954 1.52 1.46 1.85 1.1000 95.9531 N/A RBAK Oct 3 1.28 +0.08 +6.67% 7,895,800 3,691,272 1.23 1.17 1.54 1.1700 167.1250 N/A AVNX Oct 3 2.95 +0.14 +4.98% 1,092,400 1,025,000 2.85 2.75 3.09 2.7000 131.0000 N/A NEWP Oct 3 14.35 +0.73 +5.36% 2,180,000 1,626,000 13.50 12.86 15.13 11.9100 182.0000 14.80 EMC Oct 3 11.91 +0.91 +8.27% 46,792,000 17,107,364 10.77 10.65 12.90 10.0100 102.8750 16.06 BRCD Oct 3 17.11 +3.68 +27.40% 24,693,700 11,931,045 13.07 12.90 17.79 12.6000 133.7188 39.50 EMLX Oct 3 11.78 +2.52 +27.21% 6,784,600 4,524,090 9.20 9.01 12.07 8.4000 109.7500 N/A NTAP Oct 3 8.30 +1.45 +21.17% 10,428,000 7,377,090 6.62 6.44 8.60 6.0000 152.7500 33.03 MCDT Oct 3 10.15 +2.11 +26.24% 3,076,800 N/A 7.90 7.68 10.35 7.0400 132.5000 29.24 STOR Oct 3 4.35 +0.47 +12.11% 2,365,000 2,815,863 3.88 3.75 4.43 3.6500 106.6250 N/A TLAB Oct 3 10.51 +1.21 +13.01% 14,742,300 6,702,181 9.04 8.98 11.12 8.9800 68.5000 9.06 SFA Oct 3 18.63 +1.08 +6.15% 2,204,900 2,917,590 17.10 16.90 18.97 15.7500 71.8750 8.82 CMVT Oct 3 20.54 +2.54 +14.11% 8,427,000 6,069,363 16.70 16.629 21.46 16.6290 124.7500 12.77 ADCT Oct 3 3.46 +0.14 +4.22% 7,327,500 8,709,090 3.19 3.12 3.61 2.6300 30.4375 N/A GSPN Oct 3 8.81 +0.53 +6.40% 3,737,900 1,742,909 8.115 7.90 9.59 7.9000 129.8750 N/A TLGD Oct 3 26 +3.60 +16.07% 505,600 189,909 22.48 22 26.90 15.2500 148.0000 12.25 NTWRKINFRSTRCR No such ticker symbol. Try Symbol Lookup (Look up: NTWRKINFRSTRCR) ALGX Oct 3 3.15 -0.02 -0.63% 2,983,400 924,318 3.14 2.74 3.33 2.7400 41.5000 N/A LVLT Oct 3 3.47 -0.10 -2.80% 3,892,300 7,757,000 3.53 3.40 3.54 2.9900 76.9375 N/A ILUM Oct 3 42.05 +3.54 +9.19% 1,997,400 308,045 38.15 37.05 42.07 13.0625 42.0700 34.38 MTZ Oct 3 6.55 +0.41 +6.68% 277,200 195,727 6.15 6.12 6.80 4.3000 35.7500 9.03 DY Oct 3 11.50 +0.14 +1.23% 752,800 308,045 11.40 11.30 11.69 10.5000 49.3750 7.89 PWR Oct 3 17.27 +0.83 +5.05% 1,049,600 425,181 16.24 16.18 18.20 9.9400 38.9375 12.55 ANDW Oct 3 18.97 +1.29 +7.30% 706,200 862,272 17.69 17.45 19 13.1875 27.5000 21.83 WFII Oct 3 4.71 +0.31 +7.05% 244,600 493,363 4.45 4.2602 4.76 3.3125 67.0000 N/A NETWRK_SW No such ticker symbol. Try Symbol Lookup (Look up: NETWRK_SW) MUSE Oct 3 6.88 +0.76 +12.42% 8,101,400 3,121,590 5.96 5.89 7.11 5.3000 108.3750 21.18 OPWV Oct 3 6.64 -4.42 -39.96% 63,280,800 6,055,863 7.59 6.50 8.253 6.5000 116.8750 N/A VRSN Oct 3 46.17 +3.73 +8.79% 15,217,000 7,441,454 41.95 40.65 46.26 26.2500 207.8750 N/A ISSX Oct 3 14.41 +0.86 +6.35% 2,235,000 1,652,000 13.30 12.58 15.21 8.3500 102.9375 50.94 NETE Oct 3 10.55 +1.44 +15.81% 2,721,300 1,582,954 9.03 8.50 11.60 7.9000 80.8750 29.20 RSAS Oct 3 11.35 +0.30 +2.71% 2,866,000 1,033,090 10.61 10.50 12.50 10.5000 44.3334 4.18 SNWL Oct 3 13.12 +1.21 +10.16% 879,900 748,909 11.88 11.50 13.30 8.5000 28.7500 N/A SEMI-CAPX No such ticker symbol. Try Symbol Lookup (Look up: SEMI-CAPX) AMAT Oct 3 30.34 +2.84 +10.33% 28,263,200 14,938,090 27.19 26.59 30.65 26.5900 60.9375 15.88 KLAC Oct 3 32.24 +2.93 +10.00% 14,877,500 7,185,681 28.94 28.61 32.82 25.5000 61.0000 15.67 NVLS Oct 3 28 +1.60 +6.06% 18,921,100 6,539,681 26.097 25.37 29.26 24.9375 58.7000 13.44 TER Oct 3 20.85 +1.35 +6.92% 3,663,000 1,850,363 19.55 19.12 21.98 18.4300 47.2100 9.42 LRCX Oct 3 17.59 +1.59 +9.94% 2,627,900 2,320,272 15.90 15.37 17.97 13.0000 33.7600 14.95 CCMP Oct 3 49.50 +6.35 +14.72% 2,635,500 1,112,636 42.89 42.40 50.97 35.5000 100.1250 23.27 CMOS Oct 3 11.45 +0.01 +0.09% 1,302,800 783,363 11.25 11.01 12.10 10.9500 30.9375 N/A BRKS Oct 3 29.24 +3.48 +13.51% 1,089,500 466,863 25.41 25.29 29.25 19.8750 65.1328 32.20 COHR Oct 3 26.75 +0.25 +0.94% 421,600 166,500 26.31 25.75 27.47 25.0000 69.0000 9.27 EMKR Oct 3 7.90 -0.14 -1.74% 1,183,800 632,636 8 7.70 8.39 7.6700 55.3750 N/A CREE Oct 3 15.99 +1.29 +8.78% 2,512,500 1,223,045 14.55 14.07 16.38 12.2100 64.1250 39.73 VECO Oct 3 27.19 +1.94 +7.68% 433,600 396,045 24.58 24.20 28.71 19.9000 108.5000 19.73 CYMI Oct 3 16.60 +0.54 +3.36% 385,700 346,863 15.76 15.60 17.01 14.1500 36.0000 9.60 NANO Oct 3 17.01 +1.21 +7.66% 239,400 93,136 15.76 14.71 17.98 10.6250 54.5000 16.12 SEMI No such ticker symbol. Try Symbol Lookup (Look up: SEMI) INTC Oct 3 21.23 +1.69 +8.65% 75,609,104 42,345,272 19.30 19.08 21.65 18.9600 47.8750 25.05 AMD Oct 3 8.46 +0.46 +5.75% 6,824,400 6,815,363 7.79 7.69 8.75 7.6900 34.6500 3.62 BRCM Oct 3 22.09 +2.49 +12.70% 19,323,400 9,672,272 19.05 18.80 24.07 18.4000 256.1875 N/A AMCC Oct 3 7.69 +1.40 +22.26% 28,920,700 11,915,818 6.06 6.0105 8.35 6.0105 109.2500 N/A PMCS Oct 3 12.08 +2.19 +22.14% 18,039,600 8,518,318 9.69 9.60 12.86 9.3700 224.6250 N/A VTSS Oct 3 7.88 +0.61 +8.39% 7,396,700 5,474,818 7 6.85 8.93 6.6500 93.2500 N/A TXCC Oct 3 2.75 +0.52 +23.32% 3,035,600 1,878,636 2.29 2.16 2.83 2.1500 74.6875 10.23 XLNX Oct 3 26.72 +3.92 +17.19% 15,329,700 6,060,454 21.90 21.38 27.06 19.5200 91.9375 N/A ALTR Oct 3 17.94 +2.56 +16.64% 14,271,900 6,820,954 15.01 14.94 18.23 14.6600 51.3750 11.37 LSCC Oct 3 16.30 +1.48 +9.99% 3,229,900 1,406,909 14.80 14.359 16.80 14.0400 29.6500 31.94 TXN Oct 3 25.26 +2.12 +9.16% 20,570,100 8,746,954 23.15 22.75 26 20.1000 54.6875 30.21 ADI Oct 3 36.95 +4.81 +14.97% 5,784,600 3,038,318 32.15 31.85 37.89 29.0000 93.3125 23.07 ISIL Oct 3 27.58 +2.09 +8.20% 2,964,500 1,313,227 24.55 23.51 29.341 13.5625 58.0625 43.95 DSPG Oct 3 21.05 +1.54 +7.89% 321,900 274,863 19.50 19.33 21.32 13.5000 38.0000 19.36 STM Oct 3 23.65 +1.79 +8.19% 3,177,000 1,199,227 21.52 21.36 23.90 17.8900 52.3750 19.33 QLGC Oct 3 23.96 +5.89 +32.60% 16,326,700 7,008,090 17.94 17.30 24.45 17.2100 130.2500 25.10 LLTC Oct 3 34.07 +3.97 +13.19% 12,026,400 4,377,000 29.76 29.45 34.55 29.4500 68.0625 23.33 MXIM Oct 3 38.07 +4.67 +13.98% 8,904,000 4,634,045 32.63 32.38 39.20 32.2000 83.2500 35.91 ELNT Oct 3 22.21 +1.39 +6.68% 1,698,700 456,727 20 19.651 24.25 17.5000 123.0000 22.63 NSM Oct 3 23.00 +2.15 +10.31% 4,135,800 1,991,181 20.45 20.30 24.00 17.1250 41.5000 82.09 RFMD Oct 3 16 +1.75 +12.28% 16,176,700 7,872,454 13.69 13.40 17.24 8.7500 37.5000 N/A AHAA Oct 3 18.87 +2.32 +14.02% 4,144,300 1,575,181 16.52 15.64 19.70 13.0625 55.3750 34.48 TQNT Oct 3 15.75 +1.40 +9.76% 5,721,500 2,987,681 14.29 13.82 17.32 10.2500 61.5625 20.80 MCRL Oct 3 20.50 +2.35 +12.95% 992,200 761,090 17.73 17.54 20.78 17.1000 69.5000 33.61 MU Oct 3 19.00 +0.73 +4.00% 9,230,800 6,855,590 18.27 17.55 19.85 16.3900 49.6100 N/A RMBS Oct 3 7.75 +0.75 +10.71% 1,937,600 2,436,090 6.84 6.70 7.94 4.8600 86.2500 8.86 IDTI Oct 3 19.82 +2.02 +11.35% 3,666,000 1,925,954 17.58 17.16 20.60 17.1600 95.1250 5.96 LSI Oct 3 12.30 +1.11 +9.92% 6,115,500 3,157,363 10.70 10.55 12.67 9.7800 33.0000 N/A NVDA Oct 3 28.58 +4.70 +19.68% 15,012,700 4,716,181 23.76 23.76 30.09 13.7500 50.0000 33.05 ARMHY Oct 3 11.01 +0.91 +9.01% 393,100 435,227 10 9.93 11.20 8.3900 34.0000 73.72 SW No such ticker symbol. Try Symbol Lookup (Look up: SW) MSFT Oct 3 56.23 +3.18 +5.99% 48,739,100 30,098,454 52.48 52.40 56.93 40.2500 76.1500 38.17 ORCL Oct 3 13.66 +1.06 +8.41% 71,058,704 36,826,544 12.37 12.23 14.16 10.1600 41.0625 28.00 CHKP Oct 3 25.99 +3.14 +13.74% 19,401,400 8,236,909 22.55 22.39 27.20 19.5600 118.5834 18.99 SEBL Oct 3 17.61 +2.55 +16.93% 44,711,500 13,433,272 14.69 14.66 18 12.2400 119.8750 25.70 VRTS Oct 3 23.49 +3.59 +18.04% 28,495,200 12,315,318 19.51 19.20 24.39 17.3000 166.8750 N/A MERQ Oct 3 25.69 +3.43 +15.41% 9,660,000 4,179,727 22.09 21.75 26.90 18.0000 162.5000 29.92 ITWO Oct 3 4.11 +0.72 +21.24% 31,267,200 10,798,454 3.24 3.15 5.20 2.9800 96.1250 N/A PSFT Oct 3 23.68 +3.14 +15.29% 25,796,400 7,974,636 20.30 20.22 24.899 15.7800 53.8750 32.55 RATL Oct 3 10.53 +0.97 +10.15% 3,551,400 2,961,954 9.35 9.15 11.40 7.5100 70.3125 79.67 BMC Oct 3 13.60 +0.74 +5.75% 4,721,600 1,772,727 12.95 12.80 14.19 11.5000 33.0000 N/A CA Oct 3 26.34 +1.52 +6.12% 3,225,700 1,947,409 24.40 24.38 26.50 18.1250 39.0300 N/A CTXS Oct 3 21.97 +1.67 +8.23% 12,410,100 4,225,363 20.15 20.15 22.50 15.8125 37.1875 42.03 ADBE Oct 3 27.79 +3.41 +13.99% 10,015,000 3,741,181 23.75 23.45 28.679 22.2000 87.3125 24.75 ERTS Oct 3 46.08 +3.14 +7.31% 4,366,100 2,198,272 42.50 41.59 47.90 31.0000 63.7500 N/A NET No such ticker symbol. Try Symbol Lookup (Look up: NET) EBAY Oct 3 49.95 +2.46 +5.18% 13,740,200 6,061,500 46.15 45.64 51 26.7500 71.2990 157.25 TMPW Oct 3 30.35 +3.11 +11.42% 10,333,000 2,283,727 25.24 25.21 32 25.2100 83.2500 47.79 AOL Oct 3 34.31 +1.45 +4.41% 18,958,900 13,754,136 32.25 32.09 34.80 27.4000 62.2700 62.47 YHOO Oct 3 9.91 +0.67 +7.25% 11,964,600 7,992,000 8.91 8.84 10 8.0200 91.8750 N/A RETK Oct 3 14.79 +2.89 +24.29% 3,200,400 907,681 11.91 11.91 16.20 11.4500 60.0000 N/A GMST Oct 3 20.25 +1.91 +10.41% 8,771,400 3,775,000 18.26 17.77 20.57 16.0500 90.0000 N/A CTSH Oct 3 20.44 -0.06 -0.29% 283,500 85,136 20.30 19.09 21 18.2500 53.7500 19.29 NNDS Oct 3 21.90 -0.10 -0.45% 127,300 52,590 21.97 21.19 22 17.3000 81.0000 65.48 INTU Oct 3 34.93 -0.52 -1.47% 5,090,300 2,424,500 35.11 34.51 35.80 22.6250 69.3125 N/A QSFT Oct 3 15.84 +2.83 +21.75% 4,652,200 1,073,545 12.85 12.35 17.04 9.7000 64.3750 N/A CKFR Oct 3 18.42 +2.05 +12.52% 1,256,200 632,409 16.54 16.09 18.42 14.5500 62.5000 N/A HOMS Oct 3 6.20 -0.85 -12.06% 5,366,500 1,751,818 5.99 5.66 6.75 5.6600 46.8750 N/A SRNA Oct 3 12.69 +1.84 +16.96% 751,500 668,500 10.79 10.50 13.25 5.4688 58.3125 19.17 TLRK Oct 3 20.85 +1.80 +9.45% 499,900 111,636 18.78 18.78 21.25 15.9500 35.1250 N/A NTIQ Oct 3 29.38 +3.52 +13.61% 1,315,200 939,590 25.725 24.80 29.71 13.5000 111.5000 N/A DMRC Oct 3 15.37 +0.58 +3.92% 63,000 105,500 14.805 14.62 15.60 9.0000 28.2000 N/A SMMX Oct 3 16.65 -0.77 -4.42% 222,900 145,545 17.85 15 17.85 11.6600 50.4375 2177.50 DGIN Oct 3 12.25 +0.65 +5.60% 247,800 251,636 11.80 11.20 12.5006 6.9375 37.6250 N/A MACR Oct 3 13.75 +1.11 +8.78% 974,900 742,545 12.27 12.27 13.85 11.3000 85.2500 N/A GOTO Oct 3 15.75 +2.41 +18.07% 858,000 936,136 13.11 13.10 16.26 4.8125 28.2810 N/A WEBM Oct 3 7.10 +0.52 +7.90% 764,700 1,629,363 6.57 6.30 7.60 6.1300 119.8750 N/A VRTY Oct 3 10.05 +0.45 +4.69% 467,400 562,454 9.41 9.20 10.07 7.0000 35.4375 14.75 ECM No such ticker symbol. Try Symbol Lookup (Look up: ECM) SANM Oct 3 14.93 +1.56 +11.67% 8,352,700 7,638,545 13.05 12.96 15.30 11.6400 60.5000 14.91 JBL Oct 3 20.26 +2.57 +14.53% 3,525,300 2,108,545 17.65 17.34 20.6701 14.0000 60.0000 29.98 FLEX Oct 3 18.28 +2.33 +14.61% 17,366,500 6,848,863 16.14 15.82 19.24 12.3750 43.0000 N/A SLR Oct 3 11.79 +0.44 +3.88% 8,577,100 5,468,954 11.36 11.13 12.29 9.9100 52.6250 N/A SCI Oct 3 19.50 +1.55 +8.64% 1,799,000 1,339,090 17.55 17.33 20.50 15.5300 47.0000 26.40 DRUG No such ticker symbol. Try Symbol Lookup (Look up: DRUG) IDPH Oct 3 53.74 +2.12 +4.11% 3,297,200 3,504,090 50.90 50.75 55.10 32.6250 77.6451 103.24 PDLI Oct 3 51.58 +2.62 +5.35% 1,667,700 1,751,500 48.60 47.71 52.11 32.5000 146.2500 515.37 GILD Oct 1 56.62 0.00 0.00% 0 1,538,636 0.00 0.00 0.00 24.8750 63.4900 N/A SEPR Oct 3 39.15 +0.37 +0.95% 1,038,500 722,000 38.24 37.31 39.34 23.4500 124.8125 N/A IVGN Oct 3 71 +3.73 +5.54% 1,169,900 1,013,000 67.65 67.09 72.22 38.5000 87.4375 N/A AFFX Oct 3 16.94 +0.84 +5.22% 1,607,400 1,115,272 16.08 15.50 17.25 13.9800 92.0000 N/A HGSI Oct 3 33.69 +1.74 +5.45% 4,577,800 2,469,454 31.54 31.31 34.71 26.4100 106.8594 N/A AMGN Oct 3 59.84 +0.62 +1.05% 9,390,300 7,235,500 58.50 58.119 60.10 45.4375 75.0625 53.35 VRTX Oct 3 18.90 +0.87 +4.83% 1,385,600 750,090 18.01 17.549 19.94 15.5000 99.2500 N/A MLNM Oct 3 20.96 +1.72 +8.94% 4,711,900 2,393,954 19.31 19.20 21.30 15.6300 89.8125 N/A BGEN Oct 3 56.49 -0.21 -0.37% 3,721,500 2,943,727 55.80 55.71 57.40 47.1250 75.0000 30.52 MEDI Oct 3 37.98 +1.57 +4.31% 2,486,700 2,589,272 36.03 35.561 38.30 27.6250 72.6250 50.71 MISC No such ticker symbol. Try Symbol Lookup (Look up: MISC) DELL Oct 3 20.64 +2.10 +11.33% 56,970,700 24,264,228 18.32 18.26 21.61 16.0100 33.0625 33.71 AAPL Oct 3 14.98 -0.07 -0.47% 12,260,800 5,353,681 14.95 14.83 15.36 13.6250 27.1200 88.01 PLCM Oct 3 30.33 +4.07 +15.50% 8,089,300 1,199,545 25.95 25.94 30.93 10.7500 72.2500 45.67 PLXS Oct 3 25.44 +3.69 +16.97% 1,043,300 559,000 21.71 21.30 25.60 19.9375 78.3750 20.56 OPMR Oct 3 18.47 -4.09 -18.13% 6,550,100 590,136 19.01 17.64 19.50 17.6400 53.5500 N/A IART Oct 3 27.02 -1.43 -5.03% 626,600 384,272 28.60 26.05 28.70 9.6875 32.1500 N/A TUTR Oct 3 26.50 +3.15 +13.49% 266,300 222,318 23.20 22.68 27.99 12.0625 36.4000 35.54 MDCI Oct 3 18.16 +0.26 +1.45% 220,600 269,181 18.07 17.72 18.4658 3.0000 18.4658 36.53

To: Clint E. who wrote (34622)	10/4/2001 5:46:09 AM
From: Clint E.	Respond to of 68410

Cisco's words inspire techs , Bush, O'Neill also increase confidence By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 5:15 PM ET Oct. 3, 2001 NEW YORK (CBS.MW) -- A strong belief that the government will do all it can to keep the economy on track, coupled with reassuring comments from tech bellwether Cisco Systems, incited a bull stampede on Wall Street Wednesday. The Nasdaq, propelled by dizzying gains in big-cap tech stocks, enjoyed its loftiest advance in nearly six months on very heavy volume. The Dow Industrials closed at its highest level since Sept. 10 -- the day before the terrorist attacks -- and is up almost 11 percent from its closing low on Sept. 21. The Nasdaq is also up 11 percent from its 2001 closing low on Sept. 21. Buyers were silenced early in Wednesday's trading day by profit warnings from the likes of Nortel Networks and Eli Lilly. But negative sentiment began to lift when the NAPM non-manufacturing index registered a surprising increase shortly after the start of trading. Adding fuel to the rally, President Bush told business leaders in New York that the federal government stands ready to do all it can to boost the economy following the Sept. 11 tragedies. The White House and Congress are close to an agreement to inject $60 billion to $75 billion in additional stimulus into the economy. Read full story. Technology stocks, already ebullient, gave way to a buying frenzy after Cisco said it's comfortable with its fiscal-first quarter earnings estimates, according to Dow Jones. The stock took off almost 22 percent. The swift and powerful move higher came a day after the Fed cut rates by 50 basis points. See full story. "There was so much widespread pessimism in the market that positive remarks from a bellwether were enough to get people comfortable. Stocks were becoming very oversold," said David Powers, senior technology strategist at Edward Jones. "Unfortunately, I think we'll continue to get negative pre-announcements and that this will be the overwhelming trend. Cisco is more the exception to the rule. The demand environment remains very weak," Powers concluded. The Dow Jones Industrial Average ($INDU: news, chart, profile) advanced 173.19 points, or 1.9 percent, to 9,123.78 after declining as much as 90 points early in the session. Among the Dow's biggest gainers: Intel, Microsoft, Hewlett-Packard, Boeing, Honeywell, Home Depot, Walt Disney and Caterpillar. Topping the list of losers were shares of Merck, Johnson & Johnson, SBC Communications and Coca-Cola. In sector action, networking, chip, software and hardware issues spearheaded the smashing advance in technology. In the broader market, buyers feasted on airline, brokerage, retail, insurance, utility, transportation and biotech issues while gold, drug and oil stocks receded. Check market stats and latest sector performance. The Nasdaq Composite ($COMPQ: news, chart, profile) skyrocketed 88.48 points, or 5.9 percent, to 1,580.81 while the Nasdaq 100 Index ($NDX: news, chart, profile) soared 90.04 points, or 7.8 percent, to 1,249.41. Among the Nasdaq's big-cap techs: Intel surged 8.6 percent, Dell Computer 11 percent, Sun Micro 12.4 percent, Microsoft 6 percent, Oracle 8.4 percent and Applied Materials 10 percent. The Standard & Poor's 500 Index ($SPX: news, chart, profile) rallied 2.0 percent while the Russell 2000 Index ($RUT: news, chart, profile) of small-capitalization stocks piled on 2.8 percent. "So far this week sellers have made early efforts to push the market lower but have gained few followers as the selling pressure has dried up relatively quickly. That was most apparent Tuesday after the FOMC announcement. For the near-term, there appears to be more technical support for a further rally than for a decline," commented Richard Dickson, technical strategist at Hilliard Lyons. But he notes that volume has been steadily decreasing as prices have moved higher, which indicates the rallies have been more a function of a drop in selling pressure than a big rise in buying interest. Volume was very heavy at 1.65 billion on the NYSE and at 2.70 billion on the Nasdaq Stock Market. Market breadth was very positive, with advancers crushing decliners by 21 to 10 on the NYSE and by 24 to 12 on the Nasdaq. Tech stock action Uplifting statements from Cisco's CEO John Chambers at a Goldman Sachs conference incited a bull stampede in the networking sector ($NWX: news, chart, profile), which rallied almost 8 percent. Among Cisco's peers, Juniper Networks piled on 25.9 percent and Tellabs 13 percent. Communications chip stocks were also catapulted sharply higher on the wings of Cisco's remarks, with Applied Micro up 22.3 percent, TranSwitch 23.3 percent, PMC-Sierra 22.1 percent and Vitesse Semi 8.4 percent. Nortel (NT: news, chart, profile) climbed 4.7 percent, erasing all of the earlier losses that came after the Canadian company issued a third-quarter revenue warning late Tuesday and announced 20,000 job cuts. The fiber optics company projected a net loss of $3.6 billion in the third-quarter and said it expects to break even in the first quarter of 2002 with revenue "well below $4 billion," vs. a previous forecast for a breakeven level at $5 billion. In addition, the company announced that Frank Dunn would replace John Roth as chief executive officer. Merrill Lynch cut its intermediate-term view on Nortel to an "accumulate" but maintained its long-term "neutral" rating. The broker said further headcount reductions and inventory write-downs indicate the continued weak outlook for the company and advised investors who want to remain in the space to focus on names with a stronger balance sheet. See full story. Among Nortel's peers, JDS Uniphase rallied 13.9 percent, Ciena 26.5 percent, Lucent 6.5 percent and Sycamore Networks 3 percent. Software issues were among the leaders in the tech group for a second straight session. BEA Systems (BEAS: news, chart, profile) tacked on 25 percent after announcing late Tuesday that it named Alfred Chuang, co-founder and company president, as its next chief executive officer. See full story. Among other software issues, Siebel Systems rallied 17 percent. Priceline (PCLN: news, chart, profile) was a solid performer in the Internet arena, tacking on 9.3 percent after informing investors late Tuesday that it now expects to generate sales closer to $300 million vs. the previously projected $280 million as activity picks up at a faster-than-expected pace. Read full story. France's telecom maker Alcatel (ALA: news, chart, profile) announced it was cutting 3,000 jobs in its optical fiber and undersea network divisions because of the market downturn. Alcatel said most of the cuts would be completed by the summer of 2002. The stock added 0.2 percent after sliding early in the session. Openwave Systems (OPWV: news, chart, profile) tumbled 40 percent after warning of a first-quarter shortfall after the close of trading Tuesday. The company now sees a loss of 1 to 4 cents a share vs. the Wall Street expectation for a profit of 9 cents a share. The software concern said the terrorist attacks cost it two critical weeks of sales activity in a quarter that is historically a back-end loaded one. See full story. Broad sector movers The safe-haven drug group ($DRG: news, chart, profile) faltered and fell 0.9 percent as Eli Lilly (LLY: news, chart, profile) dropped 4.4 percent. The company told investors early Wednesday that earnings for the fourth quarter and full-year 2002 would fall short of expectations and come in at 59 to 61 cents a share and at $2.70 to $2.80 a share, respectively. Thomson Financial/First Call had pegged earnings-per-share for the two periods at 65 cents and $2.94 a share. The drug maker cited a "severe" erosion in prescriptions for its blockbuster drug Prozac as reason for the shortfall. See full story. Dow stocks Merck and Johnson & Johnson declined 2.2 percent and 2.1 percent, respectively. Paper stocks came off their lows and ended mixed after initially responding negatively to a slew of downgrades in the group from UBS Warburg. The following companies were cut from a "strong buy" to a "buy" and saw 2001 and 2001 earnings-per-share estimates lowered in tandem: Boise Cascade (BCC: news, chart, profile), Georgia- Pacific (GP: news, chart, profile), Weyerhaeuser (WY: news, chart, profile), Temple Inland (TIN: news, chart, profile), Westvaco (W: news, chart, profile), Kimberly Clark (KMB: news, chart, profile) and Caraustar (CSAR: news, chart, profile). Additionally, Potlatch (PCH: news, chart, profile) was lowered to a "hold" from a "buy" rating while Crown Pacific (CRO: news, chart, profile) was cut to a "hold" from a "strong buy" rating. UBS said the tragic events of Sept. 11 would push out the potential recovery of the paper industry. Caraustar fell 1.6 percent and Crown Pacific 2.9 percent while Temple added 1.8 percent and Weyerhaeuser 0.9 percent. Financials ended higher, with brokers reaping the best bids. Merrill Lynch analyst Judah Kraushaar noted that he's surprised how little Wall Street's third-quarter consensus estimates for the money center banks and asset managers have fallen considering that the upcoming reporting season looks dismal. Still, Merrill points out a paradox: "We see some of the least expensive valuations in years among the market sensitive financial companies. Value buyers, with patience, could reap good investment returns over the coming year. We believe such a scenario can play out by early 2002." The analyst said the four most undervalued stocks in his universe are currently Citigroup (C: news, chart, profile), Mellon Financial (MEL: news, chart, profile), Bank of New York (BK: news, chart, profile) and J.P. Morgan (JPM: news, chart, profile). Among the mentioned stocks, J.P. Morgan shed 0.9 percent while Mellon rose 3 percent, Citi added 2.9 percent and Bank of New York 2.9 percent. Airline issues swelled for a fourth consecutive session and the sector's main index (XX:$XAL: news, chart, profile) has risen over 19 percent during that period. The major carries slashed fares and many added security crossbars on the doors of pilots' cabins. Continental climbed 11.1 percent while Delta rose 8.4 percent and Alaska Air 8.7 percent. See full story. Retail stocks were also big upside movers, with the Dow's two retail stocks, Wal-Mart and Home Depot, posting solid gains. And Williams-Sonoma (WSM: news, chart, profile) rallied nearly 22 percent after telling investors it'll meet its third-quarter earnings target despite the Sept. 11 terrorist attacks and reaffirming its 2001 financial targets. Finally, Tiffany (TIF: news, chart, profile) climbed 13.6 percent even after warning that it expects to miss Wall Street's third-quarter expectations. Treasury focus Treasury issues ended higher but surrendered the lion's share of early gains as stocks took off in afternoon action. In the government bond arena, the 10-year Treasury note was up 9/32 to yield ($TNX: news, chart, profile) 4.47 percent while the 30-year government bond rallied 13/32 to yield ($TYX: news, chart, profile) 5.30 percent. See Bond Report. In economic news, the NAPM non-manufacturing index for September came in at 50.2 percent, up from the previous month's 45.5 percent and much higher than the expected 43.3 percent. All of its key sub-indexes, including new orders, employment and prices paid, gained traction. Thursday will see the release of weekly initial claims, seen coming in at 468,000, and August factory orders, seen declining 0.3 percent. Check economic calendar and forecasts. In the currency arena, the dollar added 0.1 percent to 120.55 yen while the euro inched down 0.5 percent to 91.36 cents. =========================================== Services sector growing, NAPM says Mortgage refinancing soars to 2nd highest level ever By Rex Nutting, CBS.MarketWatch.com Last Update: 12:01 PM ET Oct. 3, 2001 TEMPE, Ariz. (CBS.MW) -- The non-factory side of the U.S. economy was growing very slowly in September, a private group said Wednesday. The National Association of Purchasing Management said its nonmanufacturing index rose to 50.2 percent in September from 45.5 percent in August. Readings above 50 indicate expansion of activity. Most economists believe the economy contracted sharply in September, despite the rosy NAPM index. Air travel, tourism, retail sales and auto sales all plunged after the Sept. 11 terror attacks. Economists expected the index to fall to 43.3 percent in September. See Economic Calendar. "The reliability of this survey has long been open to question, and it may be that the full effects of Sept. 11 will appear over the coming months," said Ian Shepherdson, chief U.S. economist at High Frequency Economics. In a separate report, the Mortgage Bankers Association said its weekly mortgage application index rose 20.5 percent last week to 771.1 from 640.0. Refinancings rose to 3,459.8 from 2,713.9. Both indexes are at their second-highest level since the index began in 1990, exceeded only in October 1998. Average 30-year mortgage rates fell to 6.52 percent from 6.63 percent, the third lowest rate since 1990. Refinancing activity represented 66.7 percent of total applications, up from 63.1 percent. Adjustable-rate mortgages fell to 10.3 percent of applications from 10.9 percent. "A key transmission of the Fed's rate cuts is now in motion," said Tony Crescenzi, market analyst at Miller Tabak. Crescenzi said $750 billion in mortgages could be refinanced this year, close to 1998's record. "The jump in the refi index will help to liquefy consumer balance sheets and ultimately aid the economy," Crescenzi said. NAPM NAPM said most firms couldn't yet assess the impact the attacks would have on their business. The group didn't say how many of its surveys were completed before the attacks. Eight sectors reported higher activity in September while nine said activity was flat or falling. Entertainment, utilities and mining rose. Transportation, insurance and agriculture fell. Twenty six percent of firms said activity was better in September vs. 18 percent in August. The transportation sector, naturally, reported the largest declines in business activity, new orders and employment. On the other hand, some sectors such as defense and energy, "anticipate a positive effect," said Ralph Kauffman, head of the NAPM survey committee. The new orders index rose to 49.8 percent in September from 45.9 percent in August. Employment rose to 46.7 percent from 45.9 percent in August. Both indexes show a deceleration in the declines. Export orders rose to 53.5 percent from 47.5 percent while imports inched higher to 55.0 percent from 53.8 percent. "We look for this move higher to be short-lived as next month should see some of the patriotic zeal come out of this survey," said Drew Matus, economist at Lehman Brothers. "However, going forward, it seems that the economy was beginning to turn" and the economy should begin to grow in the next few months. "It is too soon to say that the economy is in the tank," said Joel Naroff, president of Naroff Economic Advisers. In a separate report, the Chicago Federal Reserve Bank said its national index fell to negative 1.37 in August from negative 0.25 in July as industrial production and employment fell. The three-month average was negative 1.05, the 14th month in a row that the index has been negative, signaling below trend growth. =============================================== Openwave Systems (OPWV: news, chart, profile) plunged 40 percent after the wireless phone software company warned that it expects to a report a first-quarter pro forma loss of 1 to 4 cents a share on revenue of $115 million to $120 million. Analysts surveyed by Thomson Financial/First Call expected earnings of 9 cents a share on revenue of $151.1 million. According to a statement, the terrorist attacks on Sept. 11 "cost us two critical weeks of sales activity in a quarter which historically is back-end loaded." Actual results will be announced on Oct. 29 for the quarter ended on Sept. 30. Also, at that time, management will announce "any changes it will be making to the company's operations to ensure its long-term profitability." See full story. Optimal Robotics (OPMR: news, chart, profile) sank more than 18 percent in early action. After the closing bell Tuesday, the Montreal self-checkout system technology firm warned that third-quarter results would miss Wall Street expectations. Earnings are forecast at 27 to 28 cents a share for the latest three months on revenue of $33.5 million to $34 million. Analysts polled by Thomson Financial/First Call were looking for a profit of 32 cents a share, on average. For the fourth quarter, earnings are projected at breakeven to 1 cent a share on revenue of $14 million to $15 million. Optimal noted that the fourth quarter is typically its weakest quarter. The company also scaled back its outlook for 2002, forecasting a profit of $1.00 to $1.05 a share on revenue of $125 million to $135 million. Optimal cited economic uncertainty, and the slowdown in capital spending in most businesses for the lowered expectations.