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

To: j g cordes who wrote (36093)	2/5/2002 3:12:38 PM
From: Johnny Canuck	Respond to of 68076

Given the nervous state of traders, it looks like Goldman Sach conference comments are blowing stocks apart: ***************** 15:01 ET VRTS Veritas Software plunges intraday (38.87 -1.28) -- Update -- Issue has gone into freefall over the past several minutes. Hearing that weakness attributable to comments made during the "breakout session" following company's presentation at the Goldman Sachs Tech conference. 14:34 ET Sector Watch: Gold Explosive rally in the gold sector continues today with the index (XAU) up as much as 12.2% over the last four days. Speculation of a cut in supply and technical buying have been cited. Pacing the way on the upside today are: MDG +6.7%, GG, 4.8%, AU +4.3%, NEM +4%, ABX +3.8% and HGMCY +3.8%. 14:23 ET BRCM Broadcom: inventories getting worked down (40.54 +0.36) -- Update -- During their Goldman Sachs technology symposium presentation, co says that the inventory gluts in the enterprise mkt and cable modem mkt are beginining to be worked down and are "almost done".