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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (61919)	3/12/2002 2:17:56 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Short sellers come up short 03/11/02 04:05 PM ET money.msn.com The market refuses to buckle. Key tech sectors help take the Dow higher again. Cepheid jumps more than 60% on anthrax detection solution. By CNBC Staff At least four factors could have pushed stocks sharply down today: the somber six-month anniversary of Sept. 11, the high tensions in the Middle East, the fear of negative “pre-announcements” ahead of earnings season, and the nagging sense that stocks may be overpriced. Yet none succeeded. Investors, buoyed by more data divining an economic recovery, simply wouldn’t be cowed by the bears. Motivated largely by the fear of sitting out a rally, bulls pushed stocks a slight tick higher in relatively light Monday trading. The Dow Jones Industrial Average and the S&P 500 both gained, while the Nasdaq Composite Index ended roughly even. The high-tech, Internet and networking sectors each showed tidy gains. For details, see our Sector Indexes page. Among the day’s leading gainers: Cepheid (CPHD, news, msgs), a Wall Street darling in the immediate wake of the September terrorist attacks. The company’s shares jumped 67% on news that the company is developing biohazard-detection devices for mail sorting operations. Among the day’s most actively traded stocks, Sun Microsystems led the list and posted a gain despite reports of recent insider selling. See our insider trading data for more insider trading information, including a large stock sale by CEO Scott McNealy in January. Can this rally hold? Even as stocks climb and momentum gathers, investment pros are wondering how sustainable the recent gains can be. Yet if today offers insight, the rally is likely to continue.