Market Watch (WATCH)

[stocko4949]

LOL..went about 10 years,,,making money every year,,,,paid all expenses,,,etc etc,,and stuck a couple grand in my pocket,,,but then,,ha ha,,,then sort of went downhill,,,with lesser quality horses,,,and I really haven't made money the last 4 or 5 years.....but,,,it's really enjoyable. Love the trip.

RE: Handicapping horses,,,well, a few years ago, I almost went into business writing a tout sheet for Oaklawn,,and some other tracks,,,but ahhh decided against it. but would have been fun. I am better at handicapping horses than I am at stocks,,,,but tend to like the challenge,,lol...

If its fun, I'm interested,,,once it becomes a "JOB",,,I'm outta there,,LOL.

[husker]

So do you make money on the ponies? I guess not because you still keep trading stocks! <GRIN>

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]

Thanks Joe- First of all, I would like to say,,,,I know ZIP-NADA-ZILCH about T/A ,LOL

but on CCUR, could you give me the "support line' in a "number"?

to me, On a 1 yr chart is looks like about 12.50, and on a 5 yr chart it looks like about 7.50,,,,am I confusing "price support" with your "upward trending support",..? (don't laugh at me,,I said I knew nothing about TA,,)

CCUR is one I like to buy and hold, but as stated, have been trading, ( to pay for trips to Harrahs, crappie fishing, and upcoming horse racing season in Hot Springs Ark. LOL).

Stocko

[Joemoney]

I got in on NT @ 5.60 and sold mostly around 8. Nice little gain for a 3 month trade. It was my save haven last fall. I'm buying more soon.

Joemoney

[Joemoney]

CCUR is not far away from an upward trending support line.

http://finance.yahoo.com/q?s=CCUR&d=c&t=1y&l=on&z=b&q=l

Joemoney

[stocko4949]

I do own a little NT,,,but please,,,,don't ask what I paid for it,,,,LOL....but if you like that one,,,,

i sold LU at 81,,again,,happy puppy,,,,and just recently bought back some at 6.24,,,,may be risky, but,,,under the right circumstances,,it could move quickly,,,we'll see. Not proud enough of it to say...got get em though. Just decided to take a flyer on some.

[Joemoney]

Don't be victimized by hypers, but OTCBBS can be rewarding.

Joemoney

[stocko4949]

not much on BB's,,,but,,,hmmm..vulnerable !

[stocko4949]

In Fact, i would reccomend trading CCUR, for those so inclined. Look at daily charts on it.

[stocko4949]

OH,,penny stocks,,,? I do own some WWWN and DNAP. (thats all I can say about them LOL) Also wgmgy-but thats not a popular topic, LOL.


Also will mention, several years ago,,,I bought CCUR at 2 1/4,,,sold it at 17, cleared about 15K,,,I was a happy puppy. In the latest crash, it got under 5 but I was afraid to get back in. NOw,....I have been trading it some. example: bgt, 1/29 at 13.17, sold 1/31 at 14.14, last bgt 2/4 at 12.25, it jumped to 13.53, but I missed it,,,but will probably sell tomorrow,,,,anything over 13.25,, (my problem is that I am not around much to watch the puter of late).

It seems to have that 12 to 15 dollar range,....and I can get in and out easily,..and it fluctuates quite well.

Stocko

[Joemoney]

Interesting stat I found.

Overall Number of Securities

Securities Quoted Exclusively on Pink Sheets 3972
Securities Quoted Exclusively on OTC Bulletin Board 1896
Yellow Sheets Bonds 2386
Securities Dually Quoted on Pink Sheets and OTC BB 1892

http://www.pinksheets.com/ bottom of page.

Joemoney

[Joemoney]

NT, one of my previous recommendations is looking like a buy again.

http://finance.yahoo.com/q?s=NT&d=c&k=c4&t=5d

Analysts upgraded it and it was up 9% today. Bottomed out last week.

Joemoney

[Joemoney]

stocko4949

Are you into OTCBBs much? I've been watching NPCT for years and they are now starting to get near signing contracts. They are starting production of their technology and their future is looking bright.

http://ragingbull.lycos.com/mboard/boards.cgi?board=NPCT&read=67529

Are you visited willywizard's club? He speaks of this stock a lot.

Joemoney

[husker]

Well - I suppose I'm supposed to remember who Joe is from some prior life?? LOL - to many migrains has screwed up that part of my brain matter.


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]

WEll,,,,shucks,,,,,Husker,..(as he bats an eye, blushing,...with tilted head),

(Joe-,,he is just trying to butter me up...thinking he might get a valentine from me,,HAH).

Glad to be here!

[stocko4949]

Thanks Joe,,,,

I orginally bought only a 50 shares,,,,at a high price,,LOL...was around 60, but have added 400 under 9...without digging it out,,,a 100 about 8.75 , then 300 at 7.90,,,and there is another 50,,somewhere.,but don't remember,,,,I have 3 accounts,,,and it tends to get to be a mess...LOL.. (this is one of those,,,"averaging" situations,,,LOL). A mention, I did own some GLW, and fortunately, sold it high, so I kindof figure I am about even- steven on JDSU.

All in all, I haven't been trading much of late, as I suspect many others in the same boat. But I have the feeling that will be changing in the near future. I have laid low just holding my stalwarts, such as GE, WMT, PFE, etc,,,,and hanging on with CSCO, QCOM, SUNW, etc. have recently added a little EMC, and I like FNSR, for some reason?? (got a couple 100)

For something solid, I really like NICK, even though it doesn't trade much, (a secondary lending co.), not much float, etc etc, but it makes money,.... consistently, has a very low PE, is a well run company, and sooner or later, as people begin to look for value,...I think it can make a move.
They just attended (feb 3rd i think) a symposium thing-a-ma-jig ,,,LOL,,,in Atlanta,,,,with over 400 investors, and handed out over 200 investor packages,...I will know more about this later,...but things are looking good to me-presently holding 7,000 shares. (confession, I sold quite a bit off around Sept. as it took a good run up on 2 for 1 splite neww, but am trying to buy back,,,under 4).

Now I'm getting carried away,....as I usually do,....If your giving out opinions,,,,,I would be mostly interested in what you think about FNSR and NICK,,

Thanks, Stocko

[Joemoney]

Stock Market Set to Rise; Outlook for the OTCBB
http://www.otcbbnn.com/active/rise0211.htm

[Joemoney]

NanoPierce Technologies Inc. Founds Smart Inlay Production Company ``ExypnoTech GmbH'' in Germany

DENVER--(BUSINESS WIRE)--Feb. 11, 2002--NanoPierce Technologies, Inc. (OTCBB:NPCT - news) today announced the foundation of a new wholly owned subsidiary ``ExypnoTech GmbH'' for smart inlay production.

The ExypnoTech subsidiary will be led by the experienced management team of NanoPierce Card Technologies GmbH (in addition to their current responsibilities). Dr. Michael E. Wernle has been appointed President and Chief Executive Officer; Mr. Bernhard Maier, Chief Operating Officer; Mr. Michael Kober, Chief Technology Officer; and Mr. Richard Lancaster, Chief Financial Officer. Mr. Bernhard Maier will devote full-time executive responsibility to ensuring the timely commissioning of the ExypnoTech production facilities.

ExypnoTech will become the first company in the world using the benefits of the newly developed WaferPierce(TM) flip-chip process developed by another subsidiary of NanoPierce, NanoPierce Connection Systems Inc. (Press Release dated January 15, 2002, ``NanoPierce Technologies To Commence WaferPierce Production''), Colorado Springs, Colorado, for high-volume production of low-cost RFID smart inlays and tags. Following a ramp-up phase for equipment and personnel, high-volume production is expected to start in the second half of this year (Press Release dated January 14, 2002, ``Smart Inlay Production At NanoPierce Card Technologies, GmbH To Be Spearheaded By Bernhard Maier, New Director Of Operations'').

Rudolstadt, in the German region of Thuringia, will be the site of the new production facilities of ExypnoTech, approximately 300 km north of the NanoPierce Card Technologies GmbH offices in Hohenbrunn near Munich in Bavaria, Germany. The impressive location, ``Innovations- und Gruenderzentrum (IGZ) Rudolstadt'' (www.igz-rudolstadt.de), has been carefully selected because of its resources to support the development of young technology companies and because of the abundant availability of skilled technology personnel. The region is well known for high-technology initiatives and production, which, among many others, includes companies such as Fujitsu/Siemens, IBM and Carl Zeiss Jena.

Dr. Michael E. Wernle, President and CEO of NanoPierce Card Technologies, said: ``Everyone at NanoPierce has been working hard to make this big and important step for the Company. I am more than ever convinced that ExypnoTech will very soon become one of the key players in the rapidly growing RFID market because of our highly cost-effective production capabilities with WaferPierce(TM) and by partnering with leading companies in this industry.''

Paul H. Metzinger, President and CEO of NanoPierce Technologies, Inc., commented: ``The NanoPierce Team has achieved a significant goal. Through our ExypnoTech subsidiary we can now offer flexible, cost-effective production and technical capability to serve the explosive market for smart inlays for RFID systems. Effectively, we are 'Open For Business' today. We are on target to begin deliveries in the second half of this calendar year. As I mentioned in our Press Release dated January 14, 2002, 'According to a 1999 Venture Development Corp. Study, 'Global Markets and Applications for Radio Frequency Identification Equipment and Systems,' the market for RFID systems will be about $1.6B in 2002 and its expected to grow 25% annually for the next five years. They predict that end-to-end tracking of materials used in the complete supply chain in all manufacturing industries may be the next killer application for RFID tags.' I see a strong opportunity in a market measured, in the near future, in annual units of billions. This market is characterized, in many applications, by one-time usage, disposable devices. Bottom line, this eventually translates into growing revenues and recurring income.'' Mr. Metzinger further noted, ``Our capital investment is relatively small compared to our projected return on investment.''

About NanoPierce Technologies, Inc.

NanoPierce Technologies, Inc. of Denver, Colorado, USA, is traded on the NASDAQ stock market (OTCBB:NPCT - news) as well as on the Frankfurt and Hamburg (OTC:NPI - news). In addition to the 12 patents it owns, NanoPierce has numerous applications pending, others in preparation, and various other intellectual properties related to NanoPierce's proprietary NCS (NanoPierce Connection System). This advanced system is designed to provide significant improvement over conventional electrical and mechanical interconnection methods for high-density circuit boards, components, sockets, connectors, semiconductor packaging and electronic systems.

About NanoPierce Connection Systems, Inc.

NanoPierce Connection Systems, Inc. is a 100% subsidiary of NanoPierce Technologies, Inc., located in Colorado Springs, Colorado. NanoPierce Connections Systems, Inc. has been chartered to undertake high-volume production WaferPierce(TM), a revolutionary and enabling semiconductor wafer treatment for ultra-low cost flip-chip without the necessity of wire bonding, conductive adhesives, or soldering. Typical end-use applications of WaferPierce(TM) include Smart Labels, Smart Cards, and LED arrays. The new subsidiary has taken over all operations and business activities conducted in the Colorado Springs facility. In addition to WaferPierce(TM) production, NanoPierce Connection Systems will be responsible for licensing and new applications of other NanoPierce technologies to add value to electronic components.

For more information on NanoPierce Technologies, Inc., please visit the web site at http://www.nanopierce.com.

This announcement contains forward-looking statements about NanoPierce Technologies, Inc. and its subsidiaries that may involve risks and uncertainties. Important factors relating to the Company's operations could cause actual results to differ materially from those in forward-looking statements and are further detailed in filings with the Securities and Exchange Commission (SEC) available at the SEC's website (http://www.sec.gov). All forward-looking statements are based on information available to NanoPierce Technologies, Inc., on the date hereof, and NanoPierce Technologies, Inc. assumes no obligation to update such statements.



--------------------------------------------------------------------------------
Contact:

NanoPierce Technologies, Inc.
Paul H. Metzinger, 303/592-1010
303/592-1054 (fax)
[e-mail]
or
NanoPierce Connection Systems, Inc.
Dr. Herbert Neuhaus, 719/638-5930
719/638-5933 (fax)
[e-mail]
or
NanoPierce Card Technologies GmbH
Dr. Michael E. Wernle, + 49-8102-8961-0
+ 49-8102-8961-11 (fax)
[e-mail]
or
ExypnoTech GmbH i.G.
Bernhard Maier, + 49-8102-896140
+ 49-8102-896141 (fax)
or
Investor Relations -- Stock Enterprises
James Stock, 702/614-0003

http://biz.yahoo.com/bw/020211/112100_1.html

[husker]

RB and a starnet site that was on Y

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

[Joemoney]

A sense of humor is often needed on iHub, lol.

His alias is familiar. At what site do you know him from?

Joemoney

[husker]

Joe
If you hadn't noticed, I
know Stockoo - he's a top notch guy, can be a real asset, plus he's got a real sense of humor!

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

[Joemoney]

Welcome stocko!

I would bookmark iHub in your browser, it is a very good site. A lot of people are coming over here and leaving the Yahoo CLubs/Groups mess, and RBs new crappy design.

(curious if I can post here)

Ofcourse you can post here! You actually allowed to post anywhere unless the thread has certain rules. The only rule here is that everyone is invited.

BTW, at prices did you pick up JDSU at? If you don't mind me asking..

Joemoney

[Joemoney]

I found this on the RB thread:

http://ragingbull.lycos.com/mboard/boards.cgi?board=DIGX&read=1067

I couldn't find much on DIGX, I really haven't been following it.

But who doesn't follow JDSU???

I'm looking at JDSU's chart right now, and it's very hard to say where it's going because the TA charts tell me that it's not a good buy, but looking at the company - how could it not be? Perhaps I'm just caught up in the name, but still think they should be trading at higher prices than this. But seeing Enron failing, I would be careful too.

Joemoney

[husker]

Hey Stockoo
I forgot what you told me in the email, I'll be back in a little bit, gotta run out and grab a burger


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

[husker]

Let's see if we can help Joe get this board turned around with the market turn around that's going to be taking place???
Right!
Thanks


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

[husker]

ps = glad to see you here, stick around this place - it's a mighty fine - investors hub!!

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

[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
Big Funds a Drag for Investors? - http://biz.yahoo.com/rb/020210/business_column_funds_dc_1.html
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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