Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (45757)	1/2/2002 9:05:40 PM
From: RR	Respond to of 65232

Sooners? Phooey! They almost became toast by da HOGS! Our defense was outstanding and had them worried. Our offense.... well.... wasn't their day. Awful. OK on the snow Ice Runner. Enjoy it! Snow forecasted for Saturday. Take care, Dude. RR

To: Mannie who wrote (45757)	1/4/2002 3:01:19 AM
From: stockman_scott	Respond to of 65232

Briefing.com's Market Comments... The January effect is in full force, as indices enjoyed another day of broad based gains... Techs helped to pace the advance yet again, with storage, hardware, chip and networking/telecom equipment stocks leading the charge... Among the winners were EMC (EMC 16.59 +1.79), Dell (DELL 29.03 +1.53), Cisco (CSCO 20.76 +1.53), Intel (INTC 35.52 +2.52), PMC-Sierra (PMCS 25 +2.14), Applied Materials (AMAT 45.49 +3.82), Newport Corp. (NEWP 23.35 +3.10), Brocade (BRCD 39.01 +3.54), QLogic (QLGC 52.27 +4.29), Redback Networks (RBAK 5.13 +0.42), Micron (MU 36.51 +3.27), Advanced Micro (AMD 19.37 +2.98), Lam Research (LRCX 26.08 +1.89), KLA-Tencor (KLAC 55.50 +3.20), Nortel Networks (8.28 +0.53), Oracle (ORCL 15.29 +1.31), Microsoft (MSFT 69.23 +21.9), and Gateway (GTW 9.19 +0.79)... Strength in tech propelled Nasdaq up 65 points, or 3.3%, to 2044 - its first close above the psychologically significant 2000 barrier since December 18th... Index now a scant 22 points away from establishing a new recovery high. Considering that many of the above named companies are expected to struggle for the next quarter or more, it's clear that techs are running well ahead of their fundamentals as investors look beyond next couple of quarters to midyear recovery... Consequently, any negative shocks over next couple of days either from economic data such as Friday's jobs report or from high profile earnings warnings should take some air out of the advance. Nevertheless, it's clear that market psychology is much improved, and as such dips will be viewed as buying opportunities... Institutional investors will continue to favor the large-cap, industry leaders during early stages of advance. Robert Walberg