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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (14055)	2/12/1998 5:01:00 PM
From: Cynic 2005	Read Replies (3) \| Respond to of 18056

This is such a classic, I couldn't resist pirating: ---------------------- Thursday February 12, 4:33 pm Eastern Time Nasdaq up again as investors dismiss negative news NEW YORK, Feb 12 (Reuters) - Investors on Thursday once again shrugged off concerns about Asia, President Bill Clinton's alleged sex scandal and the pending Iraq crisis and snapped up technology stocks, sending the Nasdaq Composite Index ever closer to a new record. After languishing in negative territory for most of the day and dropping more than 16 points, the index unofficially finished up 5.79 points, or 0.34 percent, to 1714.34 -- near its 1748.78 record. Volume was more than 607 million shares. Decliners unofficially led advancers 1,446 to 1,384. ''Once the selling dried up, the buying came on and didn't stop,'' one trader said. Another added, ''Momentum, momentum, momentum. That's the phase we're in right now.'' Database server company Informix Corp (IFMX - news), the most heavily traded stock with more than 28 million shares changing hands, jumped 1-7/16 to 8-13/16 after surprising Wall Street with a fourth-quarter profit. Analysts surveyed by First Call had expected a loss of $0.16 a share. Among other active issues, Intel Corp (INTC - news) lost 1/16 to 85, Oracle Corp (ORCL - news) shed 1/16 to 26-7/8 and Dell Computer Corp (DELL - news) gained 1/2 to 110-3/4. Sun Microsystems Inc (SUNW - news) lost 1-5/16 to 44-3/4 in exchange trading. More Quotes and News: Dell Computer Corp (Nasdaq:DELL - news) Informix Corp (Nasdaq:IFMX - news) Intel Corp (Nasdaq:INTC - news) Oracle Corp (Nasdaq:ORCL - news) Sun Microsystems Inc (Nasdaq:SUNW - news)