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To: Thean who wrote (6508)1/12/1999 2:53:00 PM
From: Lucretius  Read Replies (1) | Respond to of 14427
 
using charting as the exclusive determinant of "investments" is by its very nature... mindless. :)



To: Thean who wrote (6508)1/12/1999 6:23:00 PM
From: Alski  Read Replies (1) | Respond to of 14427
 
Interesting facts for the day:

January 12, 1999 05:09 PM
NEW YORK, Jan 12 (Reuters) - The Nasdaq composite took a drubbing Tuesday as frothy Internet and high-technology shares were sold-off, ending a seven-day string of record setting closes for the tech-laden index.

The Nasdaq composite index closed with a loss of 63.77 points, or 2.68 percent, at 2320.75 on volume of 1.1 billion shares. Market breadth was negative with three stocks declining for every two stocks advancing. But 147 stocks hit new 52-week highs while 31 reached new lows.

INTC reported better than expected fourth quarter earnings per share of $1.19 compared with the First Call estimate of $1.07.

YHOO reported proforma fourth quarter net income of $0.21 a share, compared with the First Call estimate of $0.16.