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


To: Dealer who wrote (47823)2/19/2002 10:36:58 PM
From: Dalin  Read Replies (1) | Respond to of 65232
 
Good evening Porchies!

How is everyone? Good I hope!

Whats up with this market? (Nothin)

My stuff isn't doing very well. I'm looking at adding some more if the NDX gets to about 1340, otherwise I'm sitting with my cash and current holdings.

I have made a little trading(shorting) BRCM lately, but nothing to write home about.

One of these days, hopefully in my lifetime, the bull will be back. Call me an optimist, thats the way I like it.

Good luck to all!

:o)

Ramblin



To: Dealer who wrote (47823)2/20/2002 8:16:16 AM
From: Dealer  Read Replies (1) | Respond to of 65232
 
N A R K E T .. S N A P S H O T -- Averages look to recoup some losses
By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 7:56 AM ET Feb 20, 2002

NEW YORK (CBS.MW) -- While the stock averages appear poised to open on higher ground Wednesday, investors have another round of accounting revelations to zero in on, which may upset attempts to keep the market on firmer footing.

Tech stocks look especially vulnerable to selling pressure after the Nasdaq collapsed to its lowest level since Nov. 2 on Tuesday.

March S&P 500 futures rose 3.20 points, or 0.3 percent, and were trading 3.50 points above fair value, according to HL Camp & Co. And Nasdaq futures gained 3.50 points, or 0.3 percent and were trading about 8.20 points over fair value.

Government bonds extended losses in the long end after putting on a shabby showing on Tuesday.

Investors will have another inflation report to chew on, this time in the shape of the consumer price index, which is expected to have risen 0.3 percent overall in January and 0.2 percent at the core, which strips out the choppy food and energy components. Check economic calendar and forecasts.

The 10-year Treasury note was off 7/32 to yield ($TNX) 4.895 percent while the 30-year government bond erased 9/32 to yield ($TYX) 5.405 percent.

In the currency sector, the dollar added 0.1 percent to 133.65 yen while the euro declined 0.1 percent to 87.52 cents.