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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (21706)	1/16/2003 6:15:37 AM
From: Perry Ganz	Read Replies (1) \| Respond to of 57110

QLGC I was hoping for a couple of upside points to short (calls) into Still may give it a try Zeev has an OB (outragous bid) of 27 investorshub.com I am thinking 35 will hold unless things get real fugly,a real possibility Perry

To: Jorj X Mckie who wrote (21706)	1/16/2003 11:06:53 AM
From: Lost1	Respond to of 57110

from the "FAWK" files: Latest Updates Add to My Yahoo! 10:58AM Sears, Roebuck comps to fall in first half, rise in second half (S) 26.95 +0.25: -- Update -- Traders citing Bloomberg say that the co's CFO said 1H03 same store sales will fall in the low-single digits, although comps are expected to rise in 2H03. 10:57AM SOX -3% tests intraday support at 315 315.25 -9.69: 10:55AM Amgen touches session highs (AMGN) 52.05 +1.33: -- Technical -- From current levels, look for initial resistance at 52.50 followed by additional overhead at 53.00. The favorable intraday tone would be placed in question on a failure to hold very near-term support at 51.80. 10:55AM Relative Strength: Gold stocks MDG, NEM, PDG move to highs as market gives back early gains : 10:49AM Callaway Golf expects 2002 results at high end of range (ELY) 13.20 -0.42: Co expects net sales and earnings for 2002 to be at the high end, if not slightly above, the range provided on Dec 16, which was net sales of about $790 mln and EPS of $0.96-$1.00, including $0.16 per share as the result of the one-time reduction in warranty reserve. 10:44AM Triad Hospitals slips to new 52-week low (TRI) 25.86 -0.65: Previous one-year low of $25.98 was established Jan 10. 10:40AM Nasdaq favors the flatline early : -- Technical -- Index continues to favor the flatline in the early going. From current levels, look for that 1440 to 1444 range to serve as a very near-term pivot point. To the upside, watch for initial resistance at 1448 to 1452 followed by additional overhead at 1461. To the downside, look for initial support now at 1435 followed by an additional floor at the index' 200-day simple moving average which now rests at 1428. For a more complete assessment of the current technical outlook please click here. 10:32AM Natural Gas Inventories : The Energy Information Administration reports that U.S. natural gas inventories fell 136 bcf last week, vs Salomon Smith Barney's est of a 105-115 bcf withdrawal. 10:31AM Nucor weakens on WTO ruling (NUE) 42.38 -2.25: We are hearing that this morning's weakness in NUE is being attributed to a WTO panel's decision to uphold a ruling that said a U.S. law that requires the govt to distribute anti-dumping duties to co's violates global trade rules. 10:31AM SOX -1.6% underperforms broader market; moves to lows of day; next supports 317 and 315 319.65 -5.29: Among the names participating in the decline are BRCM -2.9%, MXIM -2.3%, LLTC -2%, XLNX -2%. 10:25AM SanDisk breaks recent range (SNDK) 18.40 -1.41: -- Technical -- Slipped below the bottom of its week long range this morning and is probing support in the 18.50/18.35 area. For the very short term, progress back above the 18.75 and 19/19.11 barriers needed to improve the negative pattern. Failure and a push below the current support zone exposes supports at 18.10/18 and 17.75. Stock has already plunged 24% off the Jan high. 10:18AM Relative Weakness: FRX, JNJ, OVER, NUE move to lows of day as mkt tests highs : 10:15AM Weak Groups: Storage -1.6%, Steel -1%, Semis -0.8% : 10:15AM Strong Groups: Biotech +3%, Homebuilding +1.7%, Oil Service +1.5%, Gold/Silver +1.1% : 10:05AM Saddam rumor on trading floors : Hearing that contributing to early gains is a rumor circulating trading floors that Saddam Hussein is going into exile in Syria. Reporting it because it is out there, not because we believe it. 10:02AM S&P 500 intraday levels : -- Technical -- Extends recovery off yesterday's midday low after a choppy start. Index is testing resistance is the 926/927 area with 930 and 932 the short term barriers standing in the way of the Jan high (935.05). Important intraday support if a correction develops is at 921.90/921. 10:01AM Mylan Labs moves to new 52-wk high (MYL) 39.10 +0.32: 9:59AM QLogic cut to Underperform at Piper Jaffray; target $20 (QLGC) 39.87 -1.96: USB Piper Jaffray downgrades to Underperform from Mkt Perform based on valuation and decelerating revenues; firm notes that QLGC's mkt cap is over 4x the estimated HBA mkt opportunity of $870 mln in 2004, and the co (and ELX) face a big threat from INTC if CSCO endorses iSCSI; price target is $20. No I didn't...yes I wisha wisha got any gum?

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