SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (7469)12/27/2001 8:30:59 PM
From: mph  Respond to of 23786
 
no maybe about it, I'd say!



To: Jorj X Mckie who wrote (7469)12/27/2001 8:31:27 PM
From: Augustus Gloop  Read Replies (1) | Respond to of 23786
 
A big set of MIPS might not look too bad.....chart it dood



To: Jorj X Mckie who wrote (7469)12/27/2001 8:34:10 PM
From: Rich1  Read Replies (1) | Respond to of 23786
 
Interesting this guy was up over 1400 percent 1999 and 2000...


The Big Picture
Friday, December 28, 2001

Market Continues Steady Gains; New Issues Lead
BY DAVID SAITO-CHUNG

INVESTOR'S BUSINESS DAILY


More buyers returned Thursday. And this time, the market's initial gains stuck better.

Like Wednesday, stocks sprinted higher at the start. They slowly retreated as the day wore on. But instead of chucking shares in the final 40 minutes of trade, investors piled into more stocks, pushing the major gauges near their session highs.

The Nasdaq gained 0.8%, a modest increase but still the highest among the key benchmarks. Volume grew 10% to 1.24 billion shares, still far below its 50-day average.

The S&P 500 rose 0.7% and finished at the high end of its narrow range. The Dow went up 0.4%. Twenty-two of the index's 30 components gained, but only IBM (IBM) and United Technologies (UTX) picked up 1 point or more. NYSE volume also rose, but the total indicated that many investors are taking the week off.

The S&P MidCap 400, Russell 2000 small-cap gauge and the S&P SmallCap 600 also posted mild gains of 0.4% to 0.5%. Only the Dow utility average stood out with a 1.1% gain. But after a strong 2000, on a year-to-date basis it's clearly slumped vs. the rest of the market.

Advanced Micro Devices (AMD) helped fan the tech rally. Before the open, Merrill Lynch reduced its fourth-quarter estimate to a loss of 15 cents from a 23-cent loss. The big chipmaker firmed up 50 cents to 16.12.

The real strength of the rally could be seen in the nice gains among stocks that have shown sales and earnings increases, not decreases.

Alloy (ALOY) is one such name. The stock soared 2.36 points, or 12%, to a new high of 21.44 on huge volume. A few weeks ago it cleared a four-month base. The company's Web site provides a variety of services to Generation Y users. In the October fiscal third quarter, it posted a profit of 6 cents a share vs. a 31-cent loss a year earlier. Sales have grown 58% to 244% in the past six quarters. It's also free of long-term debt.

Never heard of Alloy? Don't worry; few likely have. That's because the big winners tend to come out of nowhere. Cisco Systems (CSCO) had little press when it busted out of its very first base in October 1990.

Alloy debuted in May 1999, so it's a relatively young stock. Even younger young Turks in the software and chip industries have broken out to new highs. The trouble these days with IPOs is that they're still few in number. On the NYSE, issues that have gone public within the past year comprise less than 4% of all stocks.

You can track the best-performing IPOs via the Leading New Issues table atop the New America page, today on A8 in the print edition. On investors.com, the Screen of the Day regularly features a list of high-quality stocks that have gone public within the past eight years. IBD research shows that at the start of a brand-new bull market, younger issues tend to have the biggest gains.

Despite Thursday's broad advance, option investors still proved to have the shakes. The Put/Call volume ratio edged up to 0.64, meaning investors bought 64 bearish puts for every 100 bullish calls.

Pessimism benefits a rising market. It means there are still investors on the sidelines who could become buyers in the future.