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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Samuel Wayne Turner who wrote (47263)6/1/1999 10:18:00 AM
From: Sosmartinov  Respond to of 90042
 
Note the (big deal!) 3.8 % premium in this takeover....I repeat my comment from last wks SKYT...not a good sign that these guys are getting away with this highway robbery....sooner or later the share- holders better wake up, EH?

bloomberg.com



To: Samuel Wayne Turner who wrote (47263)6/1/1999 10:22:00 AM
From: kathyh  Read Replies (2) | Respond to of 90042
 
one interpretation of the napm numbers...

kathy :)

Tuesday June 1, 10:05 am Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)

INSTANT VIEW/US stocks at session lows after NAPM
NEW YORK, June 1 (Reuters) - Wall Street stocks reached new session lows after the National Association of Purchasing Management reported its index of manufacturing activity rose to 55.2 from a 52.8 level in April.

Economists polled by Reuters, on average, had expected May NAPM to rise to a 53.4 level. The prices paid component of the index rose to 52.2 from 49.9 in April.

Following are analysts comments on the report:

JAMES VOLK, CO-DIRECTOR OF INSTITUTIONAL TRADING AT D.A. DAVIDSON & CO.

''The NAPM was higher than expected plus you've got pressure on the futures. The prices paid component was one more reason they are hitting the bonds.''

(Note: this article is ''in progress''; there will likely be an update soon.)

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More Quotes and News: DJ INDU AVERAGE (Dow Jones & Company Inc) (^DJI - news)