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


To: Dealer who wrote (43360)10/18/2001 10:34:25 PM
From: Dealer  Read Replies (1) | Respond to of 65232
 
Asia Markets

Nikkei slightly up, but DoCoMo drops

By Mariko Ando, CBS.MarketWatch.com
Last Update: 8:50 PM ET Oct 18, 2001

TOKYO (CBS.MW) -- Stocks in Japan opened slightly higher Friday morning, as upward momentum in the technology sector offset telecom losses highlighted by cell phone giant NTT DoCoMo.

DoCoMo's shares (NTDOY) (9437) dropped 1.2 percent to 1.65 million yen shortly after the open. The daily Nihon Keizai reported that DoCoMo plans to post a loss of about 400 billion yen ($3.30 billion) on its shareholdings in KPN Mobile as early as in its half-year earnings results. DoCoMo representatives weren't immediately available for comment.

In morning trading, the Nikkei Average added 14.84 points, or 0.1 percent, to 10,489.69. The broader TOPIX shed 0.2 percent to 1,066.14.

In Sough Korea, the benchmark Kospi fell 0.4 percent to 521.93 points and Australia's All Ordinaries Index fell 0.4 percent to 3,121.50 in early morning session.

The dollar fetched at 121.24 yen early morning Tokyo, up slightly from 121.10 yen in New York late Thursday.

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To: Dealer who wrote (43360)10/19/2001 10:14:29 AM
From: stockman_scott  Respond to of 65232
 
Larry Dudash doesn't want the Naz to close below 1626...

Message 16528370



To: Dealer who wrote (43360)10/19/2001 1:07:06 PM
From: stockman_scott  Read Replies (2) | Respond to of 65232
 
12:17 ET eBay (EBAY) 52.49 -6.57 (-11.1%): -- Update -- Technical -- On the defensive following earnings/downgrade. However, slump has been stymied thus far by its 200 day simple ma (51.9) which was an important level during the Sep slide and the early Oct recovery. Short term will need to see upside follow through beyond 53.45/54 to help neutralize the most recent wave of selling. Failure leaves stock vulnerable to follow through selling pressure with next support in the 50/49.25 area