Market Watch (WATCH)

[husker]

yes stockoo it's the only and only me - pooppa!!

DISCLAIMER - Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have

[stocko4949]

Hi, is this cornhusker? Orginally joined this club,,,,lost it, have been following links to get. LOL, not even sure what my name is ! Husker, if i get lost, might send me something for this link.

RE: JDSU-I have it in my portfolio, and will keep it. I like it (medium risk) at these prices, but have forgotten why, LOL.

Stocko/Larry/

(curious if I can post here)

[husker]

Joe, do you have any info on DIGX? What's your take on JDSU?


DISCLAIMER - Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have

[Mattu]

I lost a fair amount on stocks, but it wasn't the OTCs. I lost more on the big caps and mutual funds than anything else.

I've been trading OTC stocks for about 7 years, so I know how to play too :)

I actually stopped trading because I ran out of time to research things. Which I really enjoy doing. In high school, I daytraded during computer class. You could read some of my old SI posts and see that. Instead of summer reading, I immersed myself in SEC filings. Ahhhhh....youth.

MB

[Joemoney]

Did you stop trading because you lost your behind in OTCBBs?

Most people who experiment with them lose it all. I know I've lost quite a bit at times, and I'M KNOW WHAT I'M DOING, LOL!

Joemoney

[Mattu]

Online Brokerage:
OTCBB: 30%
Nasdaq & Listed: 70%

Traditional Brokerage:
Nasdaq & Listed: 100%

Nice.

I can't remember when I was trading, but it seems like I was like 75% OTC, 25% Listed. And 100% OTC in another. And offline, I was into mutual funds.

I'm pretty much on the sidelines right now. Don't have time to manage it and don't want a conflict of interest.

MB

[Joemoney]

I have two accounts.

One with an online brokerage, and one with a traditional brokerage. These are just estimates:

Online Brokerage:
OTCBB: 30%
Nasdaq & Listed: 70%

Traditional Brokerage:
Nasdaq & Listed: 100%

The traditional brokerage contains about 80% of the total amount of both of them. So if I have a $100 total, then the online broker contains $20, and the Traditional brokerage contains $80. I have never owned mutual funds before and I never will. A trained monkey can invest better than the managers can.

Not money-wise.

Don't listen to what excel said: http://www.investorshub.com/boards/read_msg.asp?message_id=248182

I had no intentions on giving the stats in dollars. There would be no reason for it.

Joemoney

Market Watch - http://www.investorshub.com/boards/board.asp?board_id=768
Intelligent conversation regarding anything related to the markets.

[Mattu]

What is your current portfolio structure?

Not money-wise.

I'm talking about % OTC, % Mututal Fund, % Big cap, etc?

MB

[Joemoney]

This Week's Market Outlook

by Joemoney

Expect a short recovery this week and then perhaps a pullback. The market is still stuck is a hill shaped pattern and needs to bottom out before safely moving back up.



I would look for the Nasdaq to move to 1950 by Wednesday and then back off to 1900 or so. But remember, the Nasdaq has the potential of falling to 1500 or so. Watch where you step.

Recent Related Articles
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Street Turns Bullish, Estimates Raised - http://biz.yahoo.com/rb/020209/business_markets_stocks_profits_dc_1.html
Stocks May Rise After Big Sell-Off - http://biz.yahoo.com/rb/020209/business_column_stocks_outlook_dc_3.html

[Joemoney]

Survey: Experts More Optimistic

WASHINGTON (Reuters) - Forecasters are growing more confident that the U.S. economy is on a path to recovery from the recession that began last March, according to a survey released on Sunday.

The February survey by the newsletter Blue Chip Economic Indicators showed more than 95 percent of economists expected the recession would be over by the end of March.

That was an improvement on a January poll which showed 90 percent of economists saw the recession ending in March.

In the latest survey, 42 percent of those polled thought the recession had already ended.

Forecasts for gross domestic product growth in this year's first and second quarters were also revised upward.

First-quarter GDP was seen expanding by 1.6 percent in the February survey, up from January's projection of a 0.7 percent gain. The Blue Chip consensus looked for a GDP increase of 2.9 percent in the second quarter -- better than a January prediction of 2.6 percent.

Blue Chip surveyed economists on their expectations for short-term interest rates in the coming year and the result indicated that most experts believe the Federal Reserve will be raising rates by the end of the year.

The group forecast that overnight interest rates would hit 2.55 percent by the end of this year -- well above the current rate of 1.75 percent.

In a separate question, the economists were asked who they thought would eventually replace Alan Greenspan as chairman of the Federal Reserve. The top pick was John Taylor, a monetary economist who is currently undersecretary for international affairs at the U.S. Treasury. More than 40 percent of economists named him as Greenspan's most likely successor.

Runners-up included New York Fed President William McDonough, former U.S. Treasury Secretary Robert Rubin and Bush's economic adviser, Lawrence Lindsey.

Greenspan, who took the helm of the Fed in 1987, is currently serving a fourth, four-year term that ends in June 2004.

http://biz.yahoo.com/rb/020210/business_economy_bluechip_dc_1.html

[Joemoney]

Look for the Nasdaq to close around 1850 this week

http://www.investorshub.com/boards/read_msg.asp?message_id=264033

Good Job Joe.

[Joemoney]

Stocks Sink to 3-Month Low

By Chelsea Emery

NEW YORK (Reuters) - Stocks crumbled on Monday, sending the broad market to a three-month low, as investors caught a fresh bout of ``Enronitis' -- a confidence-sapping malaise that has Wall Street questioning the honesty of corporate financial statements.

``These accounting worries go right to the underpinnings of trust and confidence. If trust isn't there, you're tugging at the loose thread of a cheap polyester suit,' said Douglas Altabef, a fund manager for Matrix Asset Advisors, which oversees $800 million. ``People are worried about what other shoes are getting ready to drop.'

Tyco International Ltd. (NYSE:TYC - news), the Big Board's most active stock, sank after the conglomerate said it spent around $8 billion on more than 700 acquisitions that were never publicly announced. Tyco's stock this year has been hammered by worries it didn't account properly for its acquisitions, and other companies with complicated financial structures -- like General Electric Co. (NYSE:GE - news) -- have been caught in the maelstrom.

Wall Street is grappling with a crisis of confidence after accounting problems at energy trading giant Enron Corp.(NYSE:ENE - news) led to its record collapse and sent investors back to corporate books in search of other possible problems.

``You can't believe financial statements,' said Mace Blicksilver, a money manager at Marblehead Asset Management. 'It's not like just a bad quarter or an earnings miss -- you're re-evaluating the entire price-to-earnings ratio of the market place.'

The broader Standard & Poor's 500 Index (.SPX) lost 27.76 points, or 2.47 percent, to 1,094.44 -- its lowest close since Nov. 2. The Nasdaq Composite Index (.IXIC) fell 55.71 points, or 2.91 percent, to 1,855.53. That was the technology-laced index's lowest finish since Nov. 12.

The blue-chip Dow Jones industrial average (.DJI) tumbled 220.17 points, or 2.22 percent, to 9,687.09 -- its lowest close since Jan. 29.

Monday's declines wiped out $300 billion in market value, as measured by a 2.34 percent drop in the broad Wilshire 5000 index.

Only two stocks of the 30 in the Dow average gained, and almost 22 stocks fell for every nine that rose on the New York Stock Exchange. About 26 stocks dropped for every 9 that gained on the Nasdaq stock market.

Investors dumped shares of drugmaker Elan Corp. (NYSE:ELN - news) and network equipment maker Enterasys Networks Inc. (NYSE:ETS - news) after the companies said revenues would disappoint.

Telecommunications stocks slid on worries a recent rash of bankruptcies will snowball. Shares of gold and retail drug firms climbed as investors sought a safe haven amid widespread jitters about financial irregularities. Gold producer Newmont Mining Corp. (NYSE:NEM - news) rose $1.09 to $23.90, while national drugstore chain Walgreen Co. (NYSE:WAG - news) advanced $1.32 to $36.86.

In the latest chapter in the Enron story, former Enron Chairman and Chief Executive Officer Kenneth Lay abruptly canceled his planned testimony before Congress this week, due to what his attorney called an increasingly ``prosecutorial' climate.

Enron filed for bankruptcy in early December. An inquiry has found the energy trader inflated profits by $1 billion. Enron shares fell 5 cents to 35 cents.

General Electric, a diversified conglomerate whose operations range from financial services to aerospace and appliances, dropped $1.85 to $35 as investors dumped shares of companies with a long history of mergers and acquisitions, and complex accounting methods.

``GE is an excellent company that has been forthright for years about what they do. But it is a very complex company, not a one-product company everyone can understand,' said Brian Pears, head of equity trading at Victory Capital Management.

'It makes sense people might take shots at GE.'

Tyco skidded $6.96 to $29.90. S&P cut several ratings for the firm and its Tyco Capital Corp. finance arm, saying the company appears to have lost the ``free access to capital markets' enjoyed by ``single-A' companies. At the same time, S&P said the conglomerate has answered questions about its accounting practices ``to Standard & Poor's satisfaction.'

Enterasys plunged 61 percent after the network equipment maker said it is under investigation by the Securities and Exchange Commission and warned of disappointing quarterly revenues. Shares sank $6.60 to $4.20.

``It seems like no matter what newspaper you read, no matter what television channel you turn on, it's all we can talk about: 'Who might be hiding what?'' Pears said.

Elan Corp. (NYSE:ELN - news) plunged $15.10 to $14.85 after the Irish drug firm warned revenue growth this year would be lower than expected. The news followed a share decline last week on worries about the firm's accounting practices. The stock was the second-most active NYSE stock after Tyco.

``This is an unmitigated disaster -- we think when investors get through the details, you'll find out shenanigans have accounted for the majority of Elan's earnings,' said David Maris of investment bank Credit Suisse First Boston.

Telecom stocks fell sharply as fears over the industry's health intensified on the heels of a bankruptcy filing by Global Crossing Ltd. . WorldCom Inc. (NasdaqNM:WCOM - news) fell $1.48 to $8.13 and Williams Communications Group Inc. (NYSE:WCG - news) fell 42 cents to $1.

Standard & Poor's late Friday warned it may cut high-speed communications network operator Williams's credit ratings.

Global Crossing is facing an investigation of its accounting methods by the U.S. Securities and Exchange Commission, and WorldCom continues to face pressure amid concerns about its debt ratings.

WorldCom was the most active stock traded on Nasdaq.

Global Crossing, which has declared bankruptcy, last traded at 9.2 cents last week.

Shares of top defense contractors moved higher following the Bush administration's request for the largest increase in military spending in 21 years, although such issues had rallied recently in anticipation of the news.

Lockheed Martin Corp. (NYSE:LMT - news) gained 87 cents to $53.30 and Northrop Grumman Corp. (NYSE:NOC - news) added 18 cents to $109.98.

http://biz.yahoo.com/rb/020204/business_markets_stocks_dc_11.html

[Joemoney]

EarthShell Packaging To be Introduced Into Wal-Mart Stores
Throughout the Northwestern U.S.
http://biz.yahoo.com/bw/020204/42214_1.html

Walmart!?! That could be something.

[Joemoney]

Any longs, wait until market bottoms out before buying blue chips. Look for a bottom near 1700 in the next 3 weeks.

Joemoney

[Joemoney]

This Week's Market Outlook

by Joemoney

Microsoft chairman, Bill Gates announced that he does not see an economic recovery for 2002. He did mention however that Europe could be on a bit of a rebound. The entire would suffered economic slowdown this past 2 years.

Gates Sees No Economic Recovery in 2002
http://biz.yahoo.com/rb/020203/business_forum_tech_microsoft_economy_dc_1.html



The nasdaq has been suffering a downtrend, as I predicted a few weeks ago, and is still not looking healthy. The key here in this market is to look for a bounce and label that our new support lines. I am looking for the downtrend to stop at around 1700. Minor support is found there. The January Effect says that the market will perform similar to the month of January. The month of January has not been too exciting, but many analysts are sticking with their positive forecasts for 2002, despite Gate's warning and a negative month.

Will January Predictor Be Wrong?
http://dailynews.yahoo.com/h/nm/20020203/bs/column_stocks_week_dc_1.html

On Friday, a lot of panic selling occurred due to accounting fears in other companies. Enron was a scary reminder of the deceiving accounting practices some companies take on, but many companies are trying to assure their shareholders that their books are legit:

Companies Try to Ease Accounting Fears
http://biz.yahoo.com/rb/020203/business_financial_accounting_dc_1.html

Stocks To Watch: ERICY (Bullish), QCOM (Bullish), CPN (Bullish), LMNX (Bearish)

Conclusion
I would be very cautious this week due to a powerful downtrend that is plaguing Wall Street. Look for the Nasdaq to close around 1850 this week and EXPECT a down day tomorrow (Monday). If I'm wrong, then it will be because of major news or a surprise in earnings (I haven't looked to see who is going to be announcing earnings this week yet).

[Joemoney]

Avoiding Mutual-Fund Mistakes

By Clint Willis

BOSTON (Reuters) - We all make mistakes, but some of our errors are more expensive than others. The most costly slip-ups include a few mistakes that fund investors frequently make.

``Mutual-fund shareholders can boost their returns if they avoid some of the most common mistakes,'' says Lou Stanasolovich, a financial planner in Pittsburgh.

Consider this example: Say that flubs in handling your mutual fund reduce by your annual gains on a $25,000 investment from 9 percent to 8 percent. That would cost you $5,212 over 10 years and $80,125 over 30 years. The effects would be much larger on a portfolio of, say, $100,000.

You must recognize those mistakes in order to avoid them. With that in mind, here are four common slip-ups that can cost you money:

Mistake No.1: Paying too much attention to your fund investments. Many studies show that timing the stock market is next to impossible, and that investors are best served by constructing a diversified portfolio comprised of a mix of funds that are appropriate for their circumstances. Once that's done, the best approach is to hold investments for the long term, occasionally adjusting them to account for changes in your goals or risk tolerance.

Those periodic adjustments shouldn't take an experienced investor more than a few afternoons each year. Some people also may want to meet with a financial advisor once or twice a year.

Spending a lot of time watching your funds' performance can lead to trouble. You may be tempted to buy and sell fund shares much more frequently -- for example, when one of your funds slumps or a particular sector soars. You might chase short-term performance, investing in hot funds just before they cool off and selling cold funds right before they eat up. Worse, that trading can cost a lot of money in commissions, fees and extra taxes.

Mistake No. 2: Paying too little attention to your fund investments. It's hard to build and maintain a portfolio that suits your needs if you don't know the basics of fund investing. Chances are, you'll end up buying funds because they have hot records or persuasive advertising -- not because they fit well in your portfolio. So spend some time on Web sites such as Morningstar.com, MFEA.com, or Quicken.com. Try curling up with a book such as ``Fund Your Future'' by Julie Stav (Berkley Publishing Group). Those resources can teach you the basics you need to know to be a successful fund investor.

Mistake No. 3: Ignoring fund taxes and expenses. These factors can put a big dent in your fund returns. The best way to minimize fund taxes: Invest as much as you can through retirement plans, such as 401(k)s and IRAs, that let your funds grow tax-free.

Fund expenses also can take a bite out of returns: An annual expense ratio of 1 percent may not sound like much, but it can add up to thousands of dollars per year by the time you reach retirement. (The average domestic mutual-fund's expense ratio currently stands at around 1.4 percent.) A few mutual-fund companies-most notably Vanguard-work especially hard to keep their expenses low.

Mistake No. 4: Trying to eliminate investment risk. Fact is, you can't escape risk. Sure, you can avoid stock funds so you don't have to worry about the possibility of a stock-market crash. But then you're exposing yourself to an even greater risk: that inflation will eat away at the value of your savings, leaving you without enough money for long-term goals such as retirement.

While you can't escape risk, you can manage it by diversifying your savings among funds that perform differently in various environments. That way the funds that perform well during a given period can make up for the laggards-for example, your government-bond fund may gain while your growth-stock fund falls, or vice-versa.

Remember: Investors who diversify their savings among well-managed mutual funds generally make money over the long run. If you follow these four tips-learn the basics, have patience, pay attention to taxes and expenses and stay invested -- you'll be on your way to mutual-fund success.

(Clint Willis is a freelance writer who covers mutual funds for Reuters. Any opinions in the column are solely those of Mr. Willis.)

http://biz.yahoo.com/rb/020203/business_column_funds_dc_1.html

[Joemoney]

Companies Try to Ease Accounting Fears

By Julie MacIntosh

NEW YORK (Reuters) - The fallout triggered by the Enron Corp. (NYSE:ENE - news) scandal has taken on a life of its own, fueled by investor anxiety, and now is reaching into the nooks and crannies of major boardrooms across Corporate America.

Far from being limited to companies known for opaque accounting practices or to those with dubious records on corporate ethics, the maelstrom surrounding the collapse of Enron, the energy trading giant, has many U.S. corporate titans on the defensive.

``Investors have learned through a painful situation that where things are opaque ... you either shouldn't be invested in it, or you'd better keep asking questions until you get a full understanding,'' said Phil Livingston, president of Financial Executives International, a corporate officers' association.

While investors clamor for more openness, corporate executives argue that too much disclosure can put them at a competitive disadvantage. A decision by U.S. companies to throw their books wide open to the public is unlikely at best.

The inquisition began in earnest this earnings season, as U.S. companies responded to queries from analysts and investors over aggressive accounting and questionable corporate ethics.

Manufacturing conglomerate Tyco International Ltd. (NYSE:TYC - news), energy trader Williams Cos. Inc. (NYSE:WMB - news), and travel and real estate firm Cendant Corp. (NYSE:CD - news) each watched their shares drop sharply last week as fears over accounting issues gripped the markets.

To ease investor concerns, other U.S. companies were up front, outlining accounting practices for analysts and investors.

Louis Camilleri, chief financial officer at Philip Morris Cos. Inc. (NYSE:MO - news), fielded questions during a Jan. 30 conference call about whether the consumer products giant would disclose more information about its business units.

Camilleri told analysts on the call that Philip Morris makes a ``huge effort'' to ensure that investors can determine its true operating results. ``So I don't envisage any further increase in our disclosures, I think we disclose a lot,'' he said.

Procter & Gamble Co. (NYSE:PG - news), the consumer products group, told analysts during its earnings conference call last Thursday that it ``strives to present its financial information as clearly as possible.''

And before delving into a discussion on Honeywell International Inc.'s (NYSE:HON - news) exposure to potentially costly asbestos-related litigation, Chief Executive Lawrence Bossidy quipped that ``since this is not Enron, we're going to tell you exactly where we stand.''

Companies whose outside financial auditors doubled as consultants -- a relatively commonplace practice -- have also dropped into the frying pan.

Walt Disney Co. (NYSE:DIS - news) responded Thursday to the now ''highly criticized'' practice of using financial auditors as consultants, saying it will not sign new consulting deals with PriceWaterhouseCoopers, its outside auditors.

PriceWaterhouseCoopers, the largest U.S. accounting firm, said separately Thursday it would spin off its consulting unit in an initial public offering,

The firm's chief executive, Sam DiPiazza Jr., said PriceWaterhouseCoopers did not believe independence was an issue, but acknowledged that ``the perception of independence is critical in capital markets.''

Along with impartiality, transparency is key, some argue.

``The world has gotten so litigious that lawyer-speak has taken over financial reporting disclosures,'' said Livingston, of the corporate officers' association. ``What we need is a return to simplification and clarity.''

The current scenario, where skittish investors overreact out of fear while regulators implement knee-jerk decisions that aren't good for the whole system, is also untenable, Livingston said.

``The capital markets have been shaken, investors are shaken, and so I think companies are trying to be more open in this environment,'' he said. ``They have to be.''

http://biz.yahoo.com/rb/020203/business_financial_accounting_dc_1.html

[Joemoney]

Gates Sees No Economic Recovery in 2002

By Eric Auchard

NEW YORK (Reuters) - Microsoft Corp. (NasdaqNM:MSFT - news) Chairman Bill Gates said on Sunday that he sees no global economic recovery this year, countering a budding groundswell of optimism tied to economic data pointing to a fast rebound.

Gates, co-founder of the world's largest software supplier, said that corporate capital spending cuts and a glut of excess capacity in hard-hit sectors such as telecommunications may keep the economy moving sideways through the rest of 2002.

``I don't see any big uptick in this year. Japan certainly won't be, and the U.S. won't be,'' Gates told an audience of editors and reporters attending the five-day World Economic Forum summit of political and business leaders in New York.

On a positive note, he said: ``Europe may be a little more positive,'' referring to a rebound in its overall economy.

Gates' remarks contrasted with optimistic views voiced by many delegates here this weekend.

The Conference Board argued in a recent report that the U.S. economy would lead the world economy out of recession later this year, and its gross domestic product grow 4 percent in 2003.

At the World Economic Forum, some economists have argued that Europe was making steady progress toward recovery, but could not lead the world out of recession by itself. Japan's economy may get worse before it gets better, many experts have argued.

Rick Belluzzo, president and chief operating officer of Microsoft, told Reuters in an interview that Gates' comments were referring not simply to the high-tech sector, but to what Microsoft was seeing across the economy in general.

Belluzzo, who oversees day-to-day operations, including sales of Microsoft products, said he was hearing from corporate customers ``a lot of words that suggest things are kind of stable now ... but moving sideways.''

When asked to forecast when the global economy might see a return back to healthy growth, he echoed Gates, saying that, ''It depends on what you mean by 'back.' I think you will start to see growth in two to three quarters. In some segments it may take longer,'' he said.

Still, he distinguished what was happening in the broad economy to what Microsoft was experiencing in its own business.

``We're going to see a lot of growth'' from strong new product introductions, including its Xbox gaming console and its new Windows XP computer operating software system, Belluzzo said.


EXCESSES REMAIN IN HIGH-TECH SECTOR

In his speech, Gates contrasted the Internet stock-fueled ''mania'' on Wall Street that hit a dead-end two years ago to the current economic environment, and argued that the high-tech economy, in particular, still had further excesses to burn off.

``There are still some companies out there based on the old thinking,'' Gates said. He was referring to business models that dominated in the late 1990s that assumed a nearly unlimited supply of capital and no immediate pressure to make profits.

``The sobriety will stay, the somberness will stay. It's very healthy ... I like this period where people are forced to play by rules driven by economic sense,'' Gates said.

He said his observations were based on his vantage point as the head of a principal supplier of software to business and consumer computer markets, adding: ``We don't tend to be experts in forecasting.''

Gates noted that this only provided a partial view of the tech sector, noting that the telecoms sector of the economy, to which Microsoft is less exposed, has a longer road to recovery.

Just last week, both Global Crossing Ltd. , a provider of high-capacity undersea networks, and McLeodUSA Inc. (NasdaqNM:MCLD - news), a supplier of competitive local phone services, sought bankruptcy protection from their creditors.

Former Microsoft chief financial officer Greg Maffei left the company several years ago to head 360networks (Toronto:TSX.TO - news), another ambitious telecom start-up, which went bankrupt in 2001.

http://biz.yahoo.com/rb/020203/business_forum_tech_microsoft_economy_dc_1.html

[Joemoney]

Nice trade Joe....thank you...

http://www.investorshub.com/boards/read_msg.asp?message_id=228511

[Joemoney]

Next week I will resume my market updates. eom

[Joemoney]

Markets are closed Monday for the observation of MLK Day.

http://seattletimes.nwsource.com/mlk/holiday/index.html

[Joemoney]

Recommendation Performance Update

MSFT @ 51.71 on 9/30/2001 - Closed at 68.61 (+32.68%)
http://www.investorshub.com/boards/read_msg.asp?message_id=190472

BEAS @ 12.94 on 10/4/2001 - Closed at 20.35 (+57.26%)
http://www.investorshub.com/boards/read_msg.asp?message_id=192436

NT @ 5.60 on 10/12/2001 - Closed at 8.03 (+43.39%)
http://www.investorshub.com/boards/read_msg.asp?message_id=196478

MSFT @ 61.32 on 10/24/2001 - Closed at 68.61 (+11.88%)
http://www.investorshub.com/boards/read_msg.asp?message_id=203953

BEAS @ 14.94 on 11/8/2001 - Closed at 20.35 (+36.21%)
http://www.investorshub.com/boards/read_msg.asp?message_id=209784

More recommendations will be coming this week. The market is looking bearish so I won't post any long recommendations today, but I will wait and see what happens with the market.

Joemoney

[Joemoney]

Market Update: TA & Upcoming Earnings

Daily MACD-Histogram


The MACD-Histogram is looking to trend back down from a weak attempt to rally.

Daily Stochastic


Daily Stochastic looks similar as it is just moving downward into negative teritory. At least it's not toppped out, then we would have a lot further to go down.

Daily Relative Strength Index


This is obviously following the market and is looking quite flat. It's sideways pattern indicates that momentum is running dry and it needs to dip down in order to regain momentum.

Weekly Stochastic


The Weekly Stochastic has clearly topped out and this could mean a trend back down to new lows. I'm an obtimistic person when it comes to the market, but news, earnings, and economic forcasts are the only things that will (maybe) save us. I would be skeptical on earnings however.

Conclusion
Please keep in mind, these are only technical aspects of the Nasdaq and any economic or earnings related news could install new momentum in the market which in turn could drive it into a new trading range (which gives it new momentum). TA works best on low volume boring days.

I would be watching earnings, which from a lot of major companies are coming up soon:
Earnings Heat Up but Investors Feel Chill
http://dailynews.yahoo.com/h/nm/20020113/bs/column_stocks_outlook_dc_1.html

[Joemoney]

Greenspan Still a New Economy Believer

By Glenn Somerville

SAN FRANCISCO (Reuters) - Federal Reserve Chairman Alan Greenspan may be skeptical about the U.S. economy's prospects for a swift bounce out of the recession, but his faith in technology-driven economic gains for the longer term appears as solid as ever.

If anything, the Fed chief indicated last week his belief in technology's potential has been strengthened as a result of the downturn, saying growth in output per worker remained positive as the recession set in and ``held up well'' even after the Sept. 11 attacks on America.

``Until last year, the hypothesis of an accelerated productivity trend had not been tested in the contracting phase of a business cycle,'' Greenspan said Friday in a speech to the Bay Area Council, a policy group sponsored by business and local governments in the heart of high-tech country.

``Recent developments have provided that test, and the early returns certainly look favorable to the hypothesis.''

Making that point in the San Francisco area was significant, since it was the epicenter of the New Economy spurred by information technology and paid a stiff price when economic conditions soured last year.

An economic profile produced for the Bay Area Council, which includes more than 250 employers, underlined the impact that the end of the 1990s ``dot-com frenzy'' had on the region and the nation.

``Since December, more than 130,000 Internet workers nationwide have been laid off -- many of them in the Bay Area -- and hundreds of Internet companies in the region have closed their doors altogether,'' the study said.

Since the recession began, about 1.3 million jobs have been shed, which means high-tech industries have absorbed a substantial proportion of the overall losses.


TECHNOLOGY RESHAPING RECESSIONS

But technology may change the nature and shape of downturns, making them sharper but shorter because businesses have the ability to access timely information and adjust operations accordingly, the Fed chief said.

``Contractions initially may be steeper, but because imbalances are more readily contained, cyclical episodes overall should be less severe than would be the case otherwise,'' Greenspan said.

The productivity boom of the 1990s, when output per worker surged, stemmed largely from increased applications and more efficient use of information. Greenspan has cited information technology developments as a key driver of the higher productivity that fostered the a record expansion from March 1991 until recession began in March last year.

Higher productivity rates translate into rising living standards since they allow companies to produce more goods at lower cost, meaning that wages and profits can rise.

Overall, Greenspan's message on Friday was one of caution. But he balanced it by saying that over the longer haul, prospects remained bright and added that advances in technology will help lead the way.

The Fed chief emphasized ``the evolution of corporate profits and capital investment'' will continue to drive the economic cycle and suggested he remained confident there was room for more innovative advances from technology, if not at the same accelerated pace as in the 1990s.

The Fed, under Greenspan's leadership since 1987, quickly spotted and reacted to the current economic downturn with a series of 11 relatively rapid-fire interest-rate reductions that it initiated more than a year ago.

Economist Chris Rupkey of Bank of Tokyo-Mitsubishi in New York, said another rate cut appears assured at the conclusion of the next meeting of the Fed's policy-setting Federal Open Market Committee scheduled for Jan. 29-30.

``Although the Fed chairman was not expected to rule out a rate cut, he actually appeared to be telling investors he would be cutting rates again on Jan. 30,'' Rupkey noted, by referring to the risks the economy faces in the immediate future.

http://biz.yahoo.com/rb/020113/business_economy_greenspan_dc_1.html

[Joemoney]

NPCT Update

astrotwo Jan-11-02, 07:59 PM (EST)
45. "RE: NPCT - NanoPierce Technologies, Inc. thread. . ."
Kathy, I received a very nice email from Paul that I would like to share with I2I readers. This was unexpected and in reply to an email I sent him wishing him a Happy Birthday.

Thank you for the Birthday wishes. It is very much appreciated.

The year 2002 will be the year that Nanopierce demonstrates to the world that it is on the way to becoming a very big company. We have many significant developments which will be announced over the next several months. We are dealing with many global players in the semiconductor industry concerning a myriad of applications in the largest markets in the industry. It is very exciting.

The sense of accomplishment shared by the Nanopierce team is palpable.

As I predicted, for the first time ever, we are beginning to be approached by strategic investors. The end game will, in my opinion, be the eventual buyout of the entire company by a large industry player. Prior to that it is the goal of the Nanopierce team to assure that the market valuation of Nanopierce is at a level where such a buyout will be a big reward for all of our loyal and supportive shareholders.

Sincerely,

Paul

[Joemoney]

GENOMED (GMED) DD LINKS:

http://ragingbull.lycos.com/mboard/boards.cgi?board=GMED&read=1098

[Joemoney]

Worst Annual Report Ever

CBSMarketWatch.com's (Nasdaq:MKTW) annual report is basically a newspaper with info in it. It is about the size of a small community newspaper, and the info inside is listed like news articles.

What a tacky way to save money. Email their IR department to get one, it's actually quite pathetic to look at.

Joemoney

[Joemoney]

Stocks Rise on Hopes for 2002 Rebound

By Denise Duclaux

NEW YORK (Reuters) - Stocks gained on Thursday, lifted by semiconductor makers such as Advanced Micro Devices Inc. (NYSE:AMD - news) and specialty retailers including Gap Inc. (NYSE:GPS - news), as investors placed bets that the U.S. economy will recover in the year ahead.

``The trade right now is still into equities and out of fixed income and cash,'' said Andy Damm, a portfolio manager for BlackRock Advisors Inc., which oversees $225 billion. ``There are signs the economy is certainly stabilizing and there's optimism the Fed's actions this year will result in a recovery next year.''

The market has gained this week on expectations the economy will claw out of its recession in 2002, but concerns that stocks have become too pricey and are running ahead of earnings prospects are capping gains.

The blue-chip Dow Jones industrial average (.DJI) rose 43.17 points, or 0.43 percent, to 10,131.31. The broader Standard & Poor's 500 Index (.SPX) added 7.76 points, or 0.68 percent, to 1,157.13. The technology-packed Nasdaq Composite Index (.IXIC) gained 15.72 points, or 0.80 percent, to 1,976.42.

Stocks are poised to wrap up their second dismal year in a row, but the market has surged since sinking to three-year lows on Sept. 21 after the assault on the United States.

``We have already priced in some recovery in earnings. Any further rise in stock prices, with interest rates where they are, would start to be speculative,'' said Edgar Peters, chief investment officer at PanAgora Asset Management Inc., which manages more than $12 billion. ``You would have to see pretty strong earnings growth to justify much of a rally at this point.''

Upbeat comments on Advanced Micro Devices Inc. (NYSE:AMD - news) and Atmel Corp. (NasdaqNM:ATML - news) from investment firms boosted chip shares. Retailers such as Gap and Target Corp. (NYSE:TGT - news) rose on hopes the holiday shopping season was not as weak as predicted.

Winners beat losers by a ratio of 2 to 1 on the New York Stock Exchange and by 7 to 5 on the Nasdaq. More than 881 million shares changed hands on the Big Board, and more than 1.2 billion on the Nasdaq -- marking another lighter-than-average day as portfolio managers and traders take a few extra days off this holiday week.

Some money managers were busy stuffing their portfolios with some recent winners before year end, but other investors were wary of putting more cash into stocks until they see evidence profits have started to recover. S&P 500 companies could post their worst profit drop of the year -- down about 22 percent -- in the fourth quarter, according to research firm Thomson Financial/First Call.

``There is a lot of good news that has been built into stock groups,'' said Donna Van Vlack, director of trading at Brandywine Asset Management, which oversees $7 billion. ``Now we have to wait till January and for earnings releases to see if the economy truly is or isn't turning.

The S&P 500 has climbed almost 20 percent since Sept. 21, the Nasdaq has surged almost 39 percent and the Dow has jumped more than 23 percent. The S&P 500 is still off more than 12 percent for the year, while the Nasdaq is down 20 percent and the Dow is off more than 6 percent for 2001.

Chipmakers gained after Merrill Lynch narrowed its quarterly loss estimate for Advanced Micro Devices, the No. 2 maker of computer microprocessors, due to better-than-expected demand for its Athlon chip. AMD gained 50 cents to $16.12, while its main rival, Intel Corp. (NasdaqNM:INTC - news), rose 38 cents to $32.67.

Microchip maker Atmel climbed 13 percent, or 87 cents, to $7.49 after A.G. Edwards raised its rating on the stock to ''strong buy'' from ``buy, `` saying shares are trading at a ``steep discount'' to its competitors.

Some retailers gained on evidence some consumer spending held up over the critical holiday shopping season. Discount retailer Target jumped $1.19 to $39.65, while Gap rose 45 cents to $13.70 and fashion retailer The Limited Inc. (NYSE:LTD - news) nosed up 8 cents to $14.89.

Yahoo! Inc. (NasdaqNM:YHOO - news) gained 26 cents to $17.77 after saying a day ago that online sales for its vendors rose 86 percent this season, compared with a year earlier. Wall Street scrutinizes holiday sales because consumer spending underpins two-thirds of the U.S. economy.

HotJobs.com Inc. (NasdaqNM:HOTJ - news) officially backed out of an acquisition agreement made in June with TMP Worldwide Inc. (NasdaqNM:TMPW - news), operator of No. 1 job Web site Monster.com, to accept a larger, unsolicited bid from Yahoo. TMP rose $1.85 to $43.73, HotJobs.com shed 30 cents to $10.37.

Oil drillers fell as investors took profits after recent gains on expectations that the Organization of Petroleum Exporting Countries is poised to cut production. Lower production can mean higher oil prices and bigger profits for oil companies. Schlumberger Ltd. (NYSE:SLB - news) lost 44 cents to $55.51, and Noble Drilling Corp. (NYSE:NE - news) dropped $1.16 to $34.35.

Stewart & Stevenson Services Inc. (NasdaqNM:SSSS - news) surged $2.78 to $19.94 after the energy equipment maker said it won a $374 million contract to build trucks and trailers for the U.S. Army, extending an existing contract for one year.

UnitedAuto Group Inc. (NYSE:UAG - news) climbed $3.05 to $26.20 after saying it expects to beat analysts' consensus profit estimate by about 15 percent, citing growth in same-store revenue and unit sales.

http://biz.yahoo.com/rb/011227/business_markets_stocks_dc_10.html

[Joemoney]

About Corporate Insiders

By Joemoney
Wednesday, December 26, 2001

The SEC does not give a specific definition of a corporate insider, but it does list certain qualifications. In order to become a corporate insider, one must be a corporate officer, director, or beneficial owner (owner of ten percent or more of a company’s stock). If someone meets one of those qualifications, then they must file Forms 3, 4, or 5 under section 16 of the Exchange Act.

The initial filing is on Form 3. Upon becoming an officer, director, or beneficial owner, the individual must file Form 3 within ten days.

If changes of ownership are taking place, then Form 4 is needed and must be filed in ten days of the end of the month in which the change took place.

Each year, every insider must file a Form 5. This is an annual statement of ownership. This statement tells the SEC what the insider’s current relationship with the company is. If the individual has bought more stock or has resigned as an officer or director, the SEC will be notified in Form 5.

http://www.marketreporter.com/commentary/commentary/markets/008.html

[Joemoney]

Market looks low on momentum, be careful this week.

http://www.investorshub.com/boards/read_msg.asp?message_id=231482

Joemoney

[Joemoney]

Report: Broker Fined Record $429 Million

NEW YORK (Reuters) - A New York Stock Exchange panel has fined a former Lehman Brothers Inc. and PaineWebber Inc. broker $429 million--the largest fine ever against a broker--for allegedly buying worthless stocks on his customers' behalf in exchange for kickbacks, according to Bloomberg News.

The fine included more than $200 million in punitive damages against Enrique Ernesto Perusquia, who had worked at Lehman Brothers' Manhattan office and PaineWebber's Manhattan and San Francisco offices, the news report said.

The NYSE three-person panel found that between 1992 and 1998 Perusquia used his clients' money to invest in shares of companies that were nearly bankrupt. He then falsified his customers' brokerage account statements to hide the fraud, Bloomberg News said.

Perusquia lost almost the entire $100 million that had been invested by a total of 12 families, Bloomberg News said, citing the families' Houston lawyer, Thomas Ajamie.

Ajamie, a lawyer at Schirrmeister Ajamie LLP in Houston, could not be reached for comment on Tuesday, nor could Perusquia's attorneys, Cooper White & Cooper LLP. Perusquia has an unlisted number and could not be contacted.

Representatives from the NYSE also could not be reached for immediate comment.

Bloomberg News reported the award was comprised of about $208.7 million in actual damages, $11 million in attorneys' fees and about $208.7 million in punitive damages.

The NYSE award document was dated Nov. 28, 2001.

Bloomberg News said that Ajamie didn't think Perusquia had the means to pay the entire $429 million fine.

Earlier this year, Ajamie's clients settled with PaineWebber, now owed by Swiss Bank UBS AG, Lehman Brothers Inc. and ChaseManhattan Bank, which cleared the trades for the two firms, Bloomberg News reported.

http://biz.yahoo.com/rb/011225/business_financial_broker_dc_1.html

[Joemoney]

NPCT DD (Updated 12/7/2001)

by Kent Kloock
http://ragingbull.lycos.com/mboard/memalias.cgi?member=kloock

DD Summary Update: December 7, 2001

Website:
http://www.nanopierce.com/

Contact information:
NanoPierce Technologies, Inc.
370 17th Street, Suite 3580
Denver, Colorado, USA 80202
303-592-1010
303-592-1054 (FAX)

Paul Metzinger
President & CEO
[e-mail]

Sarah Roth
Assistant to Paul H. Metzinger
[e-mail]

Dr. Michael E. Wernle
President & CEO of
NanoPierce Card Technologies GmbH.
Based in Munich, Germany
(011)49-8102-999-372
[e-mail]

Dr. Herbert J. Neuhaus
Executive Vice President,
Technology and Marketing
Colorado Springs Office
[e-mail]
4180 Central Park Dr.
Colorado Springs, Colorado, 80916
719-638-5930

Kristi J. Kampmann
Chief Financial Officer
Director of Investor Relations
[e-mail]

Investor to investor website for more DD on NPCT
http://www.investortoinvestor.com
Click on forums and/or newsletters. You can sign up if you wish and be able to post or just peruse the forums.

Photos:
In investor to investor, PHOTOS of Nanopierce Gmbh, Nanopierce Colorado Springs, NCS in IMAPS, and IMAPS articles on NCS, NPCT Open House 10/6/2000, NPCT GmbH Open House 9/20/2001:
NanoPierce Gmbh Open House in Munich, Germany
http://www.investortoinvestor.com/update/
Nanopierce Open House
http://www.investortoinvestor.com/nanopierce-a.html
Nanopierce Gmbh
http://www.investortoinvestor.com/nanopierce.html
Nanopierce Colorado Springs
http://www.investortoinvestor.com/nanopierce7.html
Nanopierce in IMAPS remember to click next page(s)
http://www.investortoinvestor.com/nanopierce1.html
Photos are also found on NanoPierce's website
http://www.nanopierce.com

Call the company to inquire about the contents of this or any post.

This summary is linked to the previous summary and is linked back to December 1999. If you wish to see the previous chain of summaries, click on the "Reply To" post number.

Share Statistics:
Oustanding: 55 million (rounded) 61.3 million fully diluted
Float: 35.9 million (rounded)

Exchanges NanoPierce Trades:
OTC:BB NPCT
Frankfurt, Berlin, Hamburg, Xetra: NPI
WKN number: 916132

NCS Technology:
NCS -> NanoPierce Connection System (From NPCT's website)
http://www.nanopierce.com/daten/technology/basic.html

The NCS process is ingenious and yet simple. Basically, microscopic particles of inexpensive, readily available materials such as industrial diamond dust and metal are simultaneously deposited onto a contact surface. This step can be easily performed in a simplified electro-plating-type bath.

Under slight pressure, the hard diamond particles contained in the mixture penetrate the contact beneath the electronic component, thus providing an electrical connection.

NanoPierce has 21 employees and growing focused on exploiting this technology. Web interviews and shareholder newsletters have indicated that NanoPierce is in discussions and testing with global corporations such as IBM, Texas Instruments, Infineon, Motorola, Gemplus, Phillips, Schlumberger, Orga, and others.

Finnegan's report on the Open House, September 20,2001: compiled by Snuffer
http://ragingbull.lycos.com/mboard/boards.cgi?board=NPCT&read=50234

An Inteview of Dr. Wernle by Finnegan on August 27, 2001:
http://www.investortoinvestor.com/dcforum/cgi-bin/dcboard.cgi?az=show_thread&omm=43&om=66&am....

A Short Update from Finnegan interview of Dr. Wernle on October 4, 2001:
http://ragingbull.lycos.com/mboard/boards.cgi?board=NPCT&read=51967

A write up of NPCT by Kathy:
http://ragingbull.lycos.com/mboard/boards.cgi?board=NPCT&read=46036

WELCOME TO THE BOARD -- AN ORIENTATION MESSAGE: A post by Geoff Krone
http://ragingbull.lycos.com/mboard/boards.cgi?board=NPCT&read=53084

Considering Risk: A post by Zties
http://ragingbull.lycos.com/mboard/boards.cgi?board=NPCT&read=41614

United States Patent and Trademark Office: request by Bronze to research NanoPierce's patents
http://www.uspto.gov

Pros:
- December 3, 2001 -- Noel Eberhardt, Prominent Industry Expert, Joins NanoPierce Technologies, Inc. Noel Eberhardt was appointed to its Board of Directors on November 28, 2001.

Noel Eberhardt, formerly Vice President for Advanced Technology of Indala Corporation (Motorola WSSD Worldwide Smart Card Systems Division), San Jose, California, a wholly owned subsidiary of Motorola Incorporated, was the driving force behind the development of Motorola's BiStatix smart label project. Prior to its acquisition by Motorola, Indala Corporation was a successful pioneer and innovator in radio frequency identification technology.
http://www.motorola.com

- October 22, 2001 -- The Institute for Machine Tools and Industrial Management of the Technische Universitat Munchen to Present the NanoPierce Connection System During Productronica 2001

- October 9, 2001 -- NanoPierce CEO, Paul Metzinger interviewed on CEO Cast
http://www.ceocast.com

- October 8, 2001 -- NANOPIERCE TECHNOLOGIES, INC., announced it will debut its break-through WaferPierce(TM)connection system to the electronics packaging industry at the 2001 International Microelectronics and Packaging Society (IMAPS) Exhibition andConference in Baltimore, Maryland.

- September 27, 2001 -- Auditors of NanoPierce Technologies, Inc. Remove ``Going Concern' Qualification on Financial Statements

- September 24, 2001 -- NanoPierce Technologies, Inc. Expands WaferPierce Production Staff

- September 20, 2001 -- NanoPierce GmbH holds open house which was well attended by corporate representatives, Press, and investors. This investor (Kent) was present and gained a great appreciation for the viability of this company, the global focus for NCS exploitation near term and long term, and the quality of both the personnel and business focus within NanoPierce.

- September 20, 2001 -- NanoPierce Technologies, Inc., and Simotec GmbH Demonstrate First Ever WaferPierce Application on Simotec High Speed Production System

- September 18, 2001 -- NanoPierce Card Technologies GmbH Announces the Opening of New Sales Representative Offices in Taiwan

- September 14, 2001 -- Two shareholder letters from Paul Metzinger. The first informing shareholders that the Open House on September 20, 2001 is going forward. The second letter asks everyone to not contact the companies that have been mentioned and not compromise the relationships that NPCT and other companies large and small have established.
http://www.investortoinvestor.com/dcforum/cgi-bin/dcboard.cgi?az=show_thread&om=66&forum=New....

- August 16, 2001 -- Paul Metzinger interviewed by WallStreet Reporter. WSR called NanoPierce for the interview as a follow up do to the increasing awareness of NanoPierce and NCS within the industry and investment community.
The interview is no longer available on line. This link is provided for those interested to follow WallStreet Reporter.
http://www.wallstreetreporter.com

- August 9, 2001 -- NanoPierce Article in SiliconStrategies.
http://www.siliconstrategies.com/story/OEG20010809S0041

- August 8, 2001 -- Shareholders of NanoPierce Technologies, Inc., File Colorado Organized Crime Control Act Complaint Against Thomson Kernaghan, Jefferies Group, Inc. and Jefferies & Company, Inc., in Colorado State Court

- July 31, 2001 -- NanoPierce Card Technologies GmbH Announces Production of the First Test Wafers With WaferPierce Contacts

- July 16, 2001 -- NanoPierce Technologies, Inc. Files WaferPierce Patent Application and International Filing for its ``FLIP CHIP' Patent Application

- July 12, 2001 -- NanoPierce Technologies, Inc., Initiates Investor Relations Program in Germany

- July 10, 2001 -- Shareholder letter from NanoPierce, written by Paul Metzinger. Full text on investortoinvestor.com.

- July 3, 2001 -- Biometric Associates, Inc. was found to be presenting NanoPierce tm as a connection option on their website. A surprise find by Geert (GDX) that was confirmed July 5 that Biometrics has incorporated NCS into their product. NanoPierce was required to keep this relation in confidence.
http://www.biometricassociates.com/products02.html

- June 26, 2001 -- NPCT featured on AsiaInvestorOnline.com
http://www.asianinvestoronline.com/login/index.asp

- June 15, 2001 -- Paul Metzinger interview on CEOCast
http://www.ceocast.com/index.cfm

- June 14, 2001 -- Paul Metzinger and Herb Neuhaus are reported to be going to Germany on Saturday, June 16, 2001.

- June 14, 2001 -- NanoPierce Card Gmbh announced their Open House on September 20, 2001. Agenda and presenters are listed on the NanoPierce website.

- May 22, 2001 -- New York Supreme Court Issues Favorable Ruling for NanoPierce Technologies, Inc., Against Harvest Court LLC

- April 29, 2001 -- NanoPierce Technologies, Inc. Files Lawsuit Regarding Harvest Court LLC Financing

The lawsuit was filed, in order to protect the shareholders, for damages resulting from alleged stock manipulation, federal securities fraud, violations of the Colorado Securities Act, common law fraud, fraud in the inducement, conspiracy, and similar causes of action. The suit seeks unspecified actual and exemplary damages.

The lawsuit was filed by the firm of O'Quinn & Laminack and Christian & Smith of Houston, Texas and Holme, Roberts & Owen of Denver Colorado. Lead counsel for NanoPierce is John O'Quinn of O'Quinn & Laminack. Mr. O'Quinn was the lead counsel for the State of Texas in the $16.5 Billion settlement against the tobacco industry and is rated as one of the top ten plaintiffs counsel in the United States. He has obtained verdicts and settlements exceeding $25 Billion in his career.

- April 26, 2001 -- NanoPierce Wins Big -- Court Rules: DiFrancesco Has Waived His Right to Appeal

- April 9, 2001 -- relaunch of its corporate website: http://www.nanopierce.com.
Incorporating a new graphic design concept, the site offers increased information regarding the company along with improved navigational features.

- February 20, 2001 -- Nanopierce Technologies, Inc. Hires Chemical Engineering Expert in Colorado Springs. Mr. Bin Zou, formerly with GE Lighting, Fluorescent Technology, Lighting Technology Division, joined the Company effective February 19, 2001.

- February 16, 2001 -- Nanopierce Card Technologies GmbH Expands Staff to Accelerate NCS Application Developments

- February 1, 2001 -- Nanopierce Technologies Announces NCS Systems Production Ready ... the two prototype systems in Colorado Springs, custom designed and built for applying Nanopierce Connection System (NCS) to flex circuit, are now fully operational.

- January 29, 2001 -- Nanopierce Technologies, Inc. announced that it had filed a Patent Application for a METHOD TO ASSEMBLE LED ARRAYS.

- January 8, 2001 -- Nanopierce Technologies, Inc. today announced that the only license agreement held by Louis Di Francesco, the inventor of the particle interconnect technology, is the very limited two year license granted to him pursuant to the November 29, 1999 Court Declaratory Judgment Order approving the settlement agreement.

- November 17, 2000 -- Nanopierce Technologies files S-3 registration for $150,000,000 shelf prospectus.

- November 13, 2000 -- Nanopierce Technologies Inc. Announces Appointment of Dr. Robert F. Shaw to the Board of Directors

- November 9, 2000 -- Nanopierce Technologies Announces Appointment of M. Albert Capote to the Board of Directors

- October 27, 2000 -- NanoPierce Technologies Retains CEOcast as Director of Internet Investor Information Services

- October 24, 2000 -- NanoPierce Technologies, Inc. Files Six Applications for Trademark Registration

- October 20, 2000 -- NanoPierce Technologies, Inc. today announced that it closed a $15,000,000 Equity Financing.

- October 13, 2000 -- President and CEO, Paul H. Metzinger, was interviewed by Michael Wachs of CEOcast.com
http://www.ceocast.com. Interview no longer available but transcripts can be found on investortoinvestor.com.

- October 6, 2000 -- Open House at Colorado Springs, Colorado. Over 100 attended. Survey of participants resulted in shared sentiment that NPCT has management that is professional and business oriented, that NPCT has the technology to provide the solution to the current interconnect problems, and that NPCT has the attitude to bring NPCT to a global position in the world economy and succeed.

- September 25, 2000 -- Dr. Michael Wernle received the "Best of Session" Award for his paper presented at the International Microelectronics and Packaging Society (IMAPS) Conference in Boston, Massachusetts. ... The paper describes how the Nanopierce Connection System (NCS) is a low-cost electrical contact coating that makes electrical connections at very low contact force and very low consistent resistance. Under these conditions, smart labels can be produced cost-effectively and in very high volumes.

- September 21, 2000 -- NEW YORK - Alchemetal Corporation, a closely held New York corporation, is pleased to announce an informal working relationship with Colorado based NanoPierce Technologies, Inc., to develop its breakthrough polymer coating as it relates to NanoPierce’s revolutionary enabling technology used for super reliable electrical connections without solder or pin-in-hole connectors.

- September 13, 2000 -- NanoPierce Card Technologies GmbH Announces Cooperative Agreement With Elcos AG in the Emerging Market of LED's

- August 30, 2000 -- NanoPierce Technologies, Inc. Announces Open House for Colorado Springs Facilities and NCS Prototype Deposition System on October 6, 2000. I am going.

- August 28, 2000 -- NanoPierce Card Technologies GmbH Receives Order From Polish Telecom and Expects Further Cooperation Agreements

- August 23, 2000 -- NanoPierce Technologies Inc. announced today that it obtained a new patent on its NCS Technology.

- August 22, 2000 -- NANOPIERCE CARD TECHNOLOGIES GmbH, a subsidiary of NanoPierce Technologies, Inc. announced today that Mr. Richard Berger joined the software development group at the company's technology center in Hohenbrunn effective August 1, 2000.

- July 5, 2000 -- NanoPierce Card Technologies GmbH Announces First Revenue-Generating Contract With Lipag Industrial-Consulting Establishment, Liechtenstein .... in cooperation with 3S SILICON TECH, Inc. and 3S-Phoenix, Inc. announced the signing of a contract for software development and project management.

This contract is estimated to be in excess of 1/2 million to 1 million, is open ended and could result in greater revenue.

- June 19, 2000 -- NanoPierce Signs Technology Marketing Agreement for Cellular Phone Industry with WaveCom, Ltd. of Mankato, Minnesota, to introduce and market NanoPierce's proprietary NCS (NanoPierce Connection System) technology to the world's leading cellular phone manufacturers

- June 8, 2000--NanoPierce Card Technologies GmbH, a subsidiary of NanoPierce Technologies Inc., and Simotec GmbH today announced the signing of a cooperative agreement between the two firms.

This agreement paves the way for the interconnection processes developed by NanoPierce to be integrated into the highly advanced flip-chip bonder of Simotec GmbH. The primary target of this cooperative effort is the promising and extremely high-volume market for "smart labels," RFID components that will in the future replace bar code labels in applications such as baggage tracking at airports, express mail service and article surveillance.

- May 23, 2000 - NanoPierce - Ladenburg Terminate Financing Arrangement of $30 million. NPCT has been offered better financing and terms else where. This is also a con which will be listed below.

- 4/20/00 NPCT has files S-3 as a formality regarding the $30 million financing.

- 3/10/00 NPCT listed on Hamburg exchange

- 3/6/00 Stockreporter.de released updated evaluation of NPCT.

- 2/22/00 announced that it signed an agreement with the New York City investment banking firm Ladenburg Thalmann & Co. Inc. for it to serve as exclusive agent in a $30 million financing arrangement.

- 1/26/00 announced the expansion of its "core" technology team under the leadership of Dr. Michael E. Wernle, president and chief executive officer of Nanopierce Card Technologies, to include Michael Kober and Karl Heinz Kuhn.

- 1/19/00 NPCT announced the founding of a wholly owned subsidiary, NanoPierce Card Technologies GmbH. Based in Munich, Germany, NanoPierce Card Technologies GmbH was created to commercially exploit the potential of its proprietary NCS (Nanopierce Connection System) technology.

- 1/18/00 NPCT engaged World of Internet.com, AG of Hamburg, Germany, as its investor relations representative for Europe. On 3/10 NPCT listed in Hamburg. Internet.com, AG was let go mid 2000 or earlier.

- 1/14/00 NanoPierce listed on Frankfurt Exchange as NPI

- 1/13/00 NanoPierce engages EBI Securities Corp as investment banker. EBI Securities underwent a name change in 2000 to General Capital (MM GCAP).

- 1/12/00 $4 million in financing obtained. This will enable NPCT to follow their business plan and aggresively enter the smart tag/label sector which is estimated to be US$6 billion annually. Full disclosure of terms were present in the 10Q released 2/11/00.

- 1/11/00 Stockreporter has featured NPCT with a conservative target of $20 by 2001. They have updated their site in early March to indicate that NanoPierce may be on a fast track and that stockreporter.de may have to revise their target prices.
http://www.stockreporter.de/english/index.html
Note: Though stockreporter.de did a good job with NPCT during 12/1999 through 3/2000 and disclaimed their compensation from NPCT, they were investigated in their non or inapropriate disclaimers for other companies.

Regarding their target price of $20 in 2001, so far it has not happened.

- 12/2/99 NPCT has received Declaratory Judgement giving them total rights to all patents. This is the end of over a year long legal battle. Contracts and financing have been delayed due to the litigation. Now NPCT can move forward.

- 11/99 Dr. Wernle has begun an aggressive schedule to develop business in Europe. NPCT Europe is scheduled to be operational in January 2000. See above press release. NPCT Europe will be smart card/smart tag and label. NPCT Denver will be attending NPCT Europe in January 2000 for the commencement of that operation. They departed 1/15/00. They returned 1/31/00.

- 4th qtr '99 approx. Dr. Wernle has come on board to NPCT as Exec Vice President, has opened up offices for NPCT Europe, is very respected in the industry and brings strong connections

- 7/8/99 Schlumberger entered into a Confidential Disclosure Agreement with NPCT.

- 6/11/99 NPCT entered into a Technology Development Agreement with ORGA Kartensystemes, GmbH, one of the world's largest smart card manufacturers. ORGA Kartensystemes, GmbH of Flintbek, Germany, is working with the Company relating to the application of NCS to the design and manufacture of dual interface smart cards.

- approx 9/99 Orga is going to perform its own testing. Testing should be completed and beta testing begun for field testing. Continued testing indicated Feb. 2001.

- 5/17/99 NPCT entered in a Technology Cooperation Agreement with Meinen, Zeigel & Co., Munich, Germany to develop applications of its technology for dual interface smart card modules and the qualification and industrialization of a chip module embedding process on Meinen, Zeigel & Co. equipment.

- 5/19/99 NPCT entered an Agreement-In-Principle to form a joint venture or limited liability partnership to exploit the Nanopierce Connection System ("NCS") of Nanopierce Technologies, Inc. through and in conjunction with the contributions of Cirexx Corporation.

- 3/99 NPCT made an Application and Development Agreement with Multitape GmbH & Co. KG,.

- Summer '99 approx. Testing by Multitape established that the technology exceeded ISO standards

- 3rd qtr '99 approx. Japanese (Taiko Denke) company has expressed strong interest in technology.

- Summer '99 approx. Cyrex is waiting on Boeing to provide them with specs. Once available, they will be able to commence on building test systems incorporating NPCT technology. However, they are not waiting for Boeing but are providing info to other clients to use NPCT technology. Spring 2001 - Boeing is indicated to interested but is dormant for now.

- Rumors are of other smart card producers are "talking" with NPCT.

- Rumors that other non smart card companies are talking to NPCT.

- 3rd qtr '99 approx IBIS has been signed on and within the release, has indicated that this relationship will hasten the already fast pace of NPCT insertion into the market.

- INCE Annual report '99 and NPCT 10Q comments by Paul on investortoinvestor on 2/14/00 indicated that financing is not only being pursued for NPCT but also for INCE, when, unknown.

- Other potential contracts from unknown sources are extremely possible that add to revenue

- Dr. Herb Neuhaus joined the staff of NPCT late 1998. He has been a very strong asset to NPCT in the development of the NCS technology. He signed a new contract late in 1999 for two more years.

Cons:
- December 6, 2001 -- Thanks to Louis DeFrancesco's posting on Raging Bull, we were alerted to the event that the Appelate court has sent the April 26, 2001 ruling that DiFrancesco has waived his right to appeal back to the court, with direction, for further resolution of this litigation. The lower court is expected to address this matter in January 2002.

- August 6, 2001 -- Court Issues Preliminary Injunction Barring NPCT From Transferring Shares Of Registered Common Stock : Court Denies NPCT's Motion to Dismiss Harvest Court's Lawsuit

This can be interpretted as a "pro". The release indicates 12 million shares is the total liability if the worst case happens after the long drawn out court battle is concluded. What also was not stated are several points.
Point 1: NanoPierce nor their legal counsel were not notified of this court date. Big ommission and inapropriate in any legal eye.
Point 2: Harvest Court had asked that all potential shares that NPCT could issue be "locked up". That was denied.
Point 3: The court did not request that any shares be held in escrow.

- June 7, 2001 -- M. Albert Capote resigned effective June 1, 2001 for personal reasons. Source was 8-K filing on June 7, 2001.

- May 14, 2001 -- Court Grants Harvest Court LLC's Motion for Temporary Restraining Order Enjoining NPCT From Transferring Its Registered Common Stock. On May 21, 2001 the New York Supreme Court issued a favorable rulling for NanoPierce regarding this restraining order.

- May 10, 2001 -- NanoPierce Sued by Harvest Court, LLC for Breach of Contract. NanoPierce will be aggressively defended by the firm of O'Quinn and other counsel. This suit was filed in response to NanoPierce's suit against Harvest Court and associated parties.

- buying out Harvest Court's share position. The litigation filed on April 29, 2001 removed this process and effectively blocks HC from getting any shares in the reset periods and from getting any money squeezed out of NPCT. Damages are being sought in the litigation.

- NPCT being able to announce via press releases their contract and/or business development.

- Harvest Court, financeer of $7.5 million has needed to sell. NPCT is agressively proceeding to buy out HC and remove remaining and vested shares from entering the market. HC received 2.1 million shares vested through reset period as indicated by 424B5 filed with SEC on 3/12/2001. Again, the suit against Harvest Court of April 29, 2001 is aggressive and considered positive.

- in the pros listed above, revenue and contracts alluded to have not been announced as of April 2001. Negotiations are stated to continue and that they are sensitive. Multiple testing has been stated to be in process. Numerous top notch companies have been mentioned in interviews that are involved with NPCT such as IBM, Phillips, Motorola, Infineon, Orga, Gemplus, etc.

- March 28, 2000 DiFransesco has appealed the 12/2/99 Declaratory Judgement. On April 26, 2001 NPCT announced that Louis has "waived his right to appeal" through the judgement of the Court.

- 10Qs and 10Ks shows no significant revenue. Revenue is alluded to and has been alluded to for over a year.

- On November 1999, NPCT had $38 in the bank. As of 1/1/2001, NPCT had $8 million through funding. Refer to previous funding items for list of funding activities. As a pro, NPCT as of 3/2001 had over $5 million cash reserves and is solvent. With no additional revenue and financing, reserves are addequate for up to two years.

- Multiple conjectured short positions have been working against the share price of NPCT from April to December 2000. Additional sentiment is another short position entered 2/2001 to 4/2001.

- Fumbles on past financing in 1998 (Now old history)

- Fumbles on a PR company beginning 1999 (Now old history)

- The competition is entrenched (cold solder, solder, adhesive) and NCS must be proven to be superior. All indications are that NCS is superior but this must be determined by individual company tests.

My Assessment:
The Open House held by NanoPierce GmbH on September 20, 2001 in Munich, Germany revealed the level of high quality of the personnel within the company and the high level of quality in which they are conducting business and NCS qualifications for the industry. I left the Open House with an understanding that NanoPierce is a viable company and has the strongest degree of certainty that I can grant an emerging company of success and market penetration.

Compared to 1999, the year 2000 saw a tremendous amount of growth within NPCT. In year 2001, NanoPierce has grown even more and is on the verge of commercialization (4th qtr 2001) of NCS that is projected to gross revenue in terms of $billions in the upcoming years.

In November 1999, NPCT had a grand total of $30 some dollars in the bank. In November 2000, NPCT had $8 million dollars in the bank. Their burn rate is kept under tight control and they have cash reserves to pursue their aggressive expansion and exploitation of their technology NCS. They have announced via interviews that their cash position is strong (August 2001) and sufficient for current needs. Expansion will necessitate new funding but only at much higher share values.

They have announced steady developments. The list of companies that they have alluded to working with has grown and the size and presense of those companies have also grown in stature (March 2001). As of August 2001, this list has grown even further and NPCT has stated that they get an average of one call a week from a new global player in the electronics industry.

With the press releases of February 2001, we have seen NPCT's staff increase. One year ago NPCT staff was less than 10. Today the staff is over 20 people.

In 1st qtr 2000, we saw a premature spike in share value to 6 5/8. Many factors brought the share price down to an unreasonable level below .40 in the first 1/2 of 2001. The second half of 2001 should show publicly announced JV, Agreements, contracts, etc. with major players in the smart tag, smart card, LED, and waferpierce sectors.

This is the summary that I can think of. In my estimation, the pros out weigh the cons by a significant margin. Most of the cons (negative aspects) were revealed by mid 1999 and have been satisfied with positive aspects of news releases. The con of Harvest Court has been met by aggressive litigation by NanoPierce which has stopped the negative influence in share value for at least one year and possibly permanently upon favorable rulings for NanoPierce.

If 1/3 of what is being worked on, comes to fruition, this company will do very well. It appears that NPCT is broadening out through no efforts of their own but they are being called and courted by other companies. IMO, not a bad place to be.

Respectfully,
Kent Kloock

[Joemoney]

Bulls To Bears: Futures Traders Anticipate Decline

By Andy Stout ([e-mail])
12/20/2001 12:31 PM ET

The Consensus Index of Bullish Market Opinion measures the percentage of futures traders who are bullish on futures instruments. We closely observe how these futures traders view stock indices. Typically, when we see a significant drop in the bullish percentage from a temporary peak, the market will generally decline. This is what we noticed this week.

Last Wednesday (December 12), stock indices reported a high bullish percentage of 58 percent. The following week's report came out with bullish percentage of 50 percent – a decline of eight percentage points from the previous week. Five out of the six times the bullish percentage has declined by eight percent or more, the market has posted negative returns. The only time a positive return was generated occurred when bullish opinion dropped from 23 percent (considered to be very low already) to 13 percent. The table below shows the S&P 100 Index (OEX – 587.40) returns when there has been a bullish percentage plunge of 8 percentage points or more.



The graph below shows the OEX and percentage bullish opinion for 2001. There is a clear correlation between futures traders' bullish opinion and how the OEX performs. As the bullish opinion hits its peak and begins to recede, the market subsequently declines.




http://www.schaeffersresearch.com/sentiment/observations.asp?ID=4610

[Joemoney]

HTRN TA

http://www.investorshub.com/boards/read_msg.asp?message_id=230592

[Joemoney]

Nortel (NYSE:NT) - One of my previous recommendations announced big news.

Nortel Guidance Beats Expectations, Stock Rallies
http://dailynews.yahoo.com/h/nm/20011221/tc/tech_nortel_dc_4.html

Stock rallied over 12%, and an additional 2% in afterhours.

Joemoney

[thepennyking]

Top Strong Buys in 2002.


QTEK
EKNO
WWMO
RASC PINK SHEETS
FILM
FCSH
STTN
NATC PINK SHEETS

Penny King Holdings Corporation, a Delaware Investment Holding Company.

[Joemoney]

Online Book Retailers

BNBN is currently in a bearish island formation:
http://finance.yahoo.com/q?s=BNBN&d=c&k=c1&t=3m&l=on&z=m&q=l

BAMM looks like it's hitting it's support line:
http://finance.yahoo.com/q?s=BAMM&d=c&k=c1&a=v&p=s&t=1y&l=on&z=m&q=l

I never did like BNBN, but BAMM is the man.

As Emeril Lagasse would say...BAMM!!!

Joemoney

[Joemoney]

Stock To Watch: HTRN

It's 200 day MA (Moving Average) is it's resistance line:
http://stockcharts.com/def/servlet/SC.web?c=HTRN,uu[h,a]daclyyay[d20000619,20011219][pb50!b200][vc60....

Also...
HealthTronics Surgical Services, Inc. Completes Litho Group, Inc. Acquisition To More than Double in Size, Becoming Largest Provider of Lithotripsy Services In the U.S.
http://biz.yahoo.com/prnews/011211/attu019_1.html

Coverage initiated on HlthTronics Surg Svcs by SunTrust Rbsn Humphrey
http://biz.yahoo.com/c/20011219/i.html?htrn

I might add this one to my recommendations list on the iBox if it doesn't it a ceiling at it's 200 day MA. If it moves to 9.00, I would consider it a strong buy.

Joemoney

[Joemoney]

Whatch the Nasdaq bounce on and off it's 200 day moving average.

http://stockcharts.com/def/servlet/SC.web?c=$COMPQ

This is a strong support line that it should not fall below. If it does fall below, just hold on tight and close your eyes.

Joemoney

[Joemoney]

GE Sees Acquisitions, 2003 Recovery

By Kristin Roberts

NEW YORK (Reuters) - General Electric Co.'s (NYSE:GE - news) new chief, Jeff Immelt, on Tuesday laid out an aggressive expansion strategy for 2002 and 2003, saying growth from cost savings and acquisitions would offset the drag of a weak economy and any potential slowdown in the global power market.

GE, with operations from financial services to power and aerospace, said its 2002 plan does not assume a rebound in the economy. Instead, Immelt expects the turnaround to start in 2003.

Still, the new chief executive officer, who took over from the legendary Jack Welch on Sept. 7, said GE would generate profit growth of up to 18 percent next year and at least 10 percent in 2003 on the back of strength in its financial, medical and aerospace services operations, as well as cost savings from job cuts.

GE should also see growth from acquisitions, Immelt told analysts and investors at a meeting in New York. He said the weak economy presents excellent buying opportunities.

``The point I want to make about GE is who we are,'' Immelt said. ``We give investors a chance to sleep at night knowing that you're going to get consistency and visibility and, over long periods of time and over every cycle, performance that surpasses the S&P 500.''

The company already has acquisition targets in its sights that would bring in more than $100 billion in industrial revenues and add $300 million to GE Capital's assets. Not all of those deals will close, but the figures highlight GE's strategy, Immelt said.

Wall Street hailed the meeting and analysts said GE should continue to deliver on its financial targets. They said Immelt cleared up confusion related to the ongoing strength of its power business in light of a possible slowdown in orders.

Shares of GE, a component of the Dow Jones industrial average, rose $1.42, or 3.7 percent, to close at $39.72 on the New York Stock Exchange. With Tuesday's gain, the stock has erased the decline that followed the Sept. 11 attacks.


MANAGING THE POSSIBILITIES, JOB CUTS

Concerns about a possible slowdown in the power market have hurt GE, analysts said. The Power Systems segment has helped drive GE's total profit this year, so the anticipated softness in the industry raises concerns about sustaining growth.

But whether that decline materializes is still a question.

``The key issue that has really been bugging this stock is the utilities telling their investors, 'wow, we suddenly don't need as much generating capacity as we have on order,''' said Nicholas Heymann, analyst at Prudential Securities. ``People just had no belief that this power cycle was really not going to come to a crashing halt for GE.''

Immelt, however, said Power Systems was in a strong position for 2002. Orders will likely fall next year, but revenues from services should rise by 20 percent, he said.

In 2003, GE's plan factors in a decline of $500 million in Power Systems' net income.

But the company, as a whole, would be able to combat that decline through savings from its restructuring actions, efforts to move administrative functions online, or digitization, and growth in its other business lines.

``This whole power phobia was largely very well addressed and put to bed,'' Heymann said.

GE is also in the process of cutting 3,000 jobs at GE Capital amid a restructuring of some businesses within the financial segment. This year, the company has cut 22,000 jobs from its total work force of more than 300,000 people worldwide. It plans to restructure Power as well.

Those cuts at GE Capital, paid for with a $1 billion gain from an asset sale, should generate more than $300 million in savings, the company said.

``What people tend to forget about GE is that these guys are already thinking about and restructuring for something that may happen in 2003,'' said CS First Boston analyst Michael Regan. ''I've got companies that don't even know what's going to happen in the fourth quarter, and there's only two weeks left.''


EXPECTING EXPANSION

GE said the number of new products should climb 25 percent in 2002. New products rose 10 percent this year, Immelt said.

The company will also divert a great deal of its cash toward expanding product and technology offerings.

``This is a very good portfolio to build on and it's an excellent time to be looking from a valuation standpoint,'' Immelt said.

Already, GE seems to be on the acquisition trail. Since Friday, the company has announced four major acquisitions. For example, GE on Tuesday morning said it would pay $777 million for electronic security company Interlogix Inc. (NasdaqNM:ILXI - news), giving GE access to a market primed for growth amid increasing demand for security products.

``A year ago we sat here with Honeywell. I would have loved to do Honeywell but we didn't do Honeywell,'' Immelt said, referring to the proposed purchase of Honeywell International Inc. (NYSE:HON - news) -- a deal killed by European regulators. ``And what I've got, I've got the war chest, and now I can pick and choose the businesses I want to get.''

At GE Medical, Immelt said he would look to expand the segment's position in diagnostics and molecular imaging.

GE Power would expand in oil and gas distribution, while the engines segment would expand in services.

GE Capital may expand in consumer and specialty areas.

Immelt noted that NBC also would look for acquisitions in broadcasting and stations, though he does not see the segment in cable, satellites or studios.

``As an investor, you have to sit back and evaluate earnings growth potential of GE relative to the overall market and it looks like in 2001 and 2002, GE is growing earnings faster than the overall market,'' said Thomas Mahowald, analyst at American Express Financial Advisors in Minneapolis.

``I would argue that people who grow earnings in excess of the market should be rewarded via their multiple,'' he said.

http://biz.yahoo.com/rb/011218/business_manufacturing_ge_outlook_dc_7.html

[jobynimble]

Flamemaster Reports 4th Quarter and Fiscal 2001 Year End Results

http://www.siliconinvestor.com/research/story.gsp?id=2047773&s=FAME

[Joemoney]

Poll: Fed Rate Cut Tuesday a Done Deal

By Ross Finley

NEW YORK (Reuters) - Even as debate rages over how quickly the recession-mired U.S. economy will pull itself out of the dumps, Wall Street bond dealers are sure of one thing -- the Federal Reserve will cut interest rates next week for the 11th time this year.

A Reuters survey on Friday found top bond dealers are unanimous in expecting the Fed to push the U.S. benchmark rate for overnight bank lending down by one-quarter percentage point to 1.75 percent at its meeting on Tuesday.

That would be the lowest target for short-term interest rates since 1961.

A rapidly deteriorating labor market over the past two months has seen nearly 800,000 jobs cut from U.S. payrolls, pushing the unemployment rate to 5.7 percent, its highest level in six years. That makes for a done deal the Fed will opt for at least one more rate cut, economists said.

``It's very hard for the Fed to stop easing until the unemployment rate stops rising,'' said James O'Sullivan, senior economist at UBS Warburg in Stamford, Connecticut, pointing to a widely accepted view and historical trend.

All of the 24 primary dealers in U.S. government securities, who work directly with the Fed in the markets, forecast a quarter percentage point rate cut on Tuesday, up from 23 dealers in the last Reuters poll, which was conducted in early November before the United States was officially declared in recession.

Another 16 dealers said they expect a follow-up quarter percentage point cut at the Fed's January policy meeting and 16 dealers expect the federal funds rate to be 1.50 percent by mid-2002, up from 12 in the last poll.


UNEMPLOYMENT SET TO RISE

A spate of upbeat economic reports, including record personal spending in October, resilient home sales, hints that a deep manufacturing recession may be nearing an end and stabilization in a key measure of consumer confidence, have fueled market hopes for a recovery.

The Dow Jones industrial average raced this week through the key 10,000 mark for the first time in three months while the U.S. government bond market sold off sharply as investors became increasingly comfortable taking on more risk.

Despite these few glimmers of recovery, economists were not convinced signs are sufficient for the Fed to change direction quite yet.

``There is not enough time between now and the late January meeting for the Fed to get enough convincing evidence that things are turning around,'' said Anthony Karydakis, senior financial economist at Banc One Capital Markets in Chicago. His firm predicts back-to-back rate cuts in December and January.

``I don't think they're going to be seeing that (recovery) within the next month and a half,'' he said.


FED STILL CAUTIOUS

Indeed, Fed policy-makers certainly have said they need
convincing. New York Fed President William McDonough this week said he was not sure when a U.S. recovery would begin. Last week Philadelphia Fed President Anthony Santomero said he does not expect the economy to begin recovering before mid-2002, in part because of rising joblessness in the months ahead.
``I think the equity market's right in that there's a bounce in the first quarter,'' said Bear Stearns Chief Market Economist John Ryding. ``But I think there's still some bad news to slog through yet, and the worst of the news is going to be in the labor market.''

Most economists believe the 5.7 percent unemployment rate will surge above 6 percent over the next few months. Some, like HSBC Securities Chief Economist Ian Morris, see unemployment headed up to 7 percent -- perhaps as early as March.

That means the Fed is likely to remain in easing mode for some time yet, economists said.

``I don't think there is anything to be discussed about next week. Clearly the economy continues to erode and that's it,'' said Karydakis.

Speculation rose last week that the Fed could cut rates more aggressively after Fed Governor Laurence Meyer suggested it would be misguided for the Fed to hold back on cutting rates merely because rates are getting close to zero.

Several economists, some citing the remarks from Meyer -- who is a well-known inflation hawk -- said there was an increased possibility following Friday's jobs report that the Fed could cut rates by a half a percentage point next week. But no firm made that forecast.

http://biz.yahoo.com/rb/011208/business_economy_fed_dc_1.html

[Joemoney]

Trust Opposes HP-Compaq Merger

By Peter Henderson

SAN FRANCISCO (Reuters) - The largest single shareholder in Hewlett-Packard Co. (NYSE:HWP - news) said on Friday that it would oppose the company's acquisition of Compaq Computer Corp. (NYSE:CPQ - news), dealing a potentially mortal blow to the merger spearheaded by HP Chief Executive Carly Fiorina.

The David and Lucile Packard Foundation, which holds 10 percent of HP's stock, said it had made a preliminary decision to vote against the merger.

The decision unites all the children of HP's founders against the deal, creating an opposition block of 18 percent of the company's stock and a public relations nightmare for management.

HP and Compaq vowed to press forward with the $25.2 billion merger, saying in a statement that they were disappointed by the foundation's position but would campaign in the coming weeks to secure the support of other investors.

Walter Hewlett, the son of founder Bill Hewlett, said he would solicit proxies against the merger if management put it to a vote.

``I believe there is sizable and widespread opposition to this transaction,'' said Hewlett, an independent software developer who sits on the board of directors at HP, where he initially voted for the merger. Hewlett first voiced opposition to the deal last month.

Analysts said the latest developments could spell the end of Fiorina's stewardship of the technology bellwether, which she argues must reinvent itself as a services and high-end computer powerhouse.

Many investors have opposed the plan from the outset, arguing that the deal would saddle HP with a bloated, low-profit personal computer business and lose customers and sales while management was distracted by the overwhelming task of integrating a global work force of 135,000.

HP shares jumped to $25 in after-hours trading from a close of $23.52 on the New York Stock Exchange. Shares of Compaq, which investors have seen as getting the better end of the deal, tumbled 12 percent to $10.01.

``The street has voted on this (deal) from Day One,'' said Ashok Kumar, an analyst at U.S. Bancorp Piper Jaffray. ``The song of the dodo has a new meaning. It is as good as dead at this point.''


NOT OVER YET?

But some analysts hesitated to dismiss the ability of Fiorina, who was brought in to shake up the 62-year-old company in July 1999, to fight back and clinch the deal.

``I don't think it's over yet,'' said John Buckingham, a portfolio manager at Al Frank Asset Management of Laguna Beach, California, which has a few thousand shares of each stock. ``But it doesn't look good.''

It would be difficult to amend the merger to address the most serious criticisms, such as the charge that the combined company would be too exposed to low-margin products, including personal computers, analysts said.

On the other hand, changing the terms of the merger, perhaps hiving off the PC business, could be the last, best hope of management, others argued.

George Elling, an analyst for Deutsche Banc Alex. Brown and one of the few on Wall Street who supported the deal, noted the Packard foundation had called its decision preliminary, which management might take as an invitation to haggle.

Elling said: ``They could go back and say, 'What would make you change your mind?' I am sure that between Hewlett-Packard and Compaq, they are discussing all their alternatives at this time.''

Roy Papp, head of fund managers L. Roy Papp & Associates, which has about 800,000 HP shares, said it was unlikely the founding families of Palo Alto-based HP would agree to divest the PC business to make the merger work. HP spun off Agilent Technologies Inc. (NYSE:A - news), its test and measurement unit, in 1999.

``I think there's a matter of pride in what the families did in developing this company, and I don't think they'd want to see it hacked up in pieces,'' he said.

HP could also negotiate a cheaper price for Compaq, Sanford Bernstein analyst Toni Sacconaghi said.

In his Friday statement, Walter Hewlett pointed to the decline in Wall Street's expectations for Compaq's earnings in the coming year as evidence that HP was overpaying by offering the equivalent of 90 times forecast 2002 earnings for its Houston-based rival.

Under the proposed terms of the merger announced on Sept. 3, HP would offer 0.6325 shares for each share of Compaq outstanding.

``The question to my mind becomes, might the price change?'' Sacconaghi said. ``Other than that, I think this is going to be a real dogfight.''

An HP spokeswoman declined to comment on changing the terms of the deal, citing the regulatory review of the merger in the United States and its pending review in Europe.

If those antitrust reviews go through without any complications, HP management would be in a position to take a merger vote to shareholders as soon as February or March, Sacconaghi said.

If the deal does not go through, Fiorina is likely to leave -- or to be forced out -- since shareholders would have rejected her vision for the company, analysts and investors agreed, almost unanimously.

``I think the company's success will be my legacy,'' Fiorina said in October. ``The company's failure will be my failure, with all the predictable consequences.''

Lehman Brothers analyst Dan Niles predicted, ``If the deal doesn't get done, she's gone.''

http://biz.yahoo.com/rb/011207/business_tech_compaq_hewlett_dc_8.html

[Joemoney]

You certainly did do "OK". About 110% in a few days. I saw that 5 day chart and it looked like a breakout, but then I realized the company is going bankrupt. =P

Joemoney

[timhyma]

joemoney, Did OK, sold at .90 on ENE. Also, gained on BIGT and XING. Good week for me

[Joemoney]

Xerox (NYSE:XRX)

I would certainly be buying XRX for the longer term (1-2 years). Here is an article I wrote on XRX a few days ago.

http://www.marketreporter.com/commentary/commentary/technology/001.html

I think XRX will see 30 one year from now. That's about a 350% return, which is not bad at all.

Joemoney

[jobynimble]

Joemoney, The increased activity is probably in anticipation of the actual signing of the merger agreement with Graphco which could happen any day now. After it's done, that's when I think the real fireworks could start with both PERF and FAME. And even without FAME's stake in PERF, FAME is cheap on its own.
Regards...

[Joemoney]

Do you know what's causing the PERF rally?

It was up 13% w/o news.

http://finance.yahoo.com/q?s=perf&d=t

Look at this chart:

http://charts-d.quote.com:443/1007445890757?User=demo&Pswd=demo&DataType=GIF&Symbol=NASD....

Looks like a cup and hand run, and bolinger bands are moving in. The MACD-Hist is also on the run to go positive.

Joemoney

[Joemoney]

You bought ENE?!?

They are going bankrupt. I hope your just planning to trade it. Today they were up quite a bit, but all stocks that are going bankrupt tend to move UP and DOWN, UP and DOWN.

Tomorrow looks like a down day, maybe.

Joemoney

[Joemoney]

DNAPrint Collaborates with NYU School of Medicine

SARASOTA, Fla., Dec. 3 /PRNewswire/ -- DNAPrint genomics, Inc. (OTC Bulletin Board: DNAP - news) announced today that it has entered into a collaboration with the New York University School of Medicine to develop pharmacogenomic classifiers for organ transplant patients.

NYU's Mary Lea Johnson Richards Organ Transplantation Center will provide DNAPrint with informed consent qualified patient specimens and matching clinical data. DNAPrint will genetically screen the specimens for markers and/or marker sets that can be used to distinguish between drug responders and non-responders. To do this, the company will employ proprietary genotyping protocols, data resources (the PHENOME SNP database) and its powerful informatics platform.

The goal of the project is to identify pharmacogenomic classifiers that could be used to match renal transplantation patients with the optimal immunosuppressant for their genetic architecture. The project is expected to take about one year to complete, and the results are expected to extend to patients for a wide range of transplantation procedures.

About NYU's Transplant Program:

The Mary Lea Johnson Richards Organ Transplantation Center is one of the busiest and most successful transplant programs in the United States. The program offers transplantation of the liver, kidney and pancreas and performs about 150 transplants annually. Over 500 liver and 200 kidney transplants have been done since program inception and the programs graft and patient survival rates are consistently among the best in the country.

About DNAPrint genomics, Inc.:

DNAPrint genomics Inc. was founded by a team of scientists with research and commercial experience in high-level mathematical and statistical modeling, programming and molecular genetics. The Company is traded on the NASDAQ OTC Bulletin Board under the ticker symbol: DNAP. For more information about the company, please visit www.dnaprint.com.


Investor Relations Inquiries please contact:
Tim Wilkins
941/341-0136
[e-mail]
Or
Carrie Castillo
[e-mail]
941/366-3400

For Scientific Inquiries, please call:
Dr. Tony Frudakis
941/366-3400


All statements in this press release that are not historical are forward- looking statements within the meaning of Section 21E of the Securities Exchange Act as amended. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, but not limited to, uncertainties relating to technologies, product development, manufacturing, market acceptance, cost and pricing of DNAPrint's products, dependence on collaborations and partners, regulatory approvals, competition, intellectual property of others, and patent protection and litigation. DNAPrint genomics, Inc. expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in DNAPrint's expectations with regard thereto or any change in events, conditions, or circumstances on which any such statements are based.

SOURCE: DNAPrint genomics, Inc.

http://biz.yahoo.com/prnews/011203/nem009_1.html