Choose a different title name

[ThatHawaiiGuy]

MARKET REPORT
************************************
An early morning rally that generally sent stocks sharply higher fizzled
into a mixed session by midday with technology issues handing in a mixed
performance. Small caps, which had been up earlier in the day, lost their
momentum late in the trading session to finish lower.

At the close, the Russell 2000 Index was off 1.27 points, or 0.2%, to
517.55, while the S&P 600 ended lower by 0.52 points, or 0.2%, to 215.60.
The Wilshire 1750 slipped after its initial climb, tumbling by session end
to 855.40, down 2.19, or 0.3%.

Early enthusiasm was prompted by Friday's actions by President Clinton to
release oil from the nation's strategic reserve and by the Federal Reserve
decision ­ along with other central banks ­ to buy euros. While Wall Street
initially cheered the move, enthusiasm soon waned.

"Those are Band-Aids to the problem," said Barry Hyman, chief investment
strategist at Weatherly Securities.

He sees the market as sector driven and "very fractured" at least until
third-quarter earnings begin in about two weeks. Hyman sees some of the
current market volatility affecting media stocks ­ especially radio
broadcasters ­ more negatively than others.

Within small caps, shares of radio stocks were mostly higher Monday.
Beasley Broadcast Group Inc. (NASDAQ: BBGI) advanced 1/4, or 2.3%, to 11
5/16; Spanish Broadcasting System Inc. (NASDAQ: SBSA) picked up 9/16, or
4.8%, to 12 5/16; and Saga Communications Inc. (NYSE: SGA) added 1 1/4, or
8.8%, to 15 3/8.

Early trading strength that was spied in certain small cap Internet stocks,
such as Go2Net.com Inc. (NASDAQ: GNET) and Go.com Inc. (NASDAQ: GOTO),
quickly eroded. Shares of the Web information providers dropped 8.6%, or 5
5/16, to 56 3/8 and 7.1%, or 1 3/16, to 15 1/2, respectively.

A number of small cap apparel issues were higher on the day, including
SteinMart Inc. (NASDAQ: SMRT), up 9/16, or 5.6%, to 10 11/16, and Pacific
Sunwear of California Inc. (NASDAQ: PSUN), up 3/4, or 4.1%, to 19 3/16.

But investor enthusiasm, based on a stronger euro, may not last for long.
One market watcher cautions that the central banks' intervention isn't a
cure-all for the ailing currency.

"The euro is still weak," said Alan Hoffman of Value Line Asset Management.

Hoffman also noted there is a lot of caution in the market, with many
investors holding out for the November elections. The Federal Reserve's
move, along with other central banks, to bolster the euro has addressed
concerns over the flailing currency's impact on U.S.-based multinationals,
which have seen overseas revenues decrease.

Also, President Clinton's decision Friday to release 30 million barrels of
oil from the nation's strategic reserves has moderated oil prices and
emboldened investors.

Among the broader indexes, the Dow Jones Industrial Average closed lower,
falling 39.22 points to 10,808.15. The Nasdaq also surrendered earlier
gains, falling 62.54, or 1.6%, to 3741.21. The S&P 500 ended lower as well,
off 9.69 points, or 0.7%, to 1439.03.

This morning the National Association of Realtors reported home resales
rebounded strongly in August to a seasonally adjusted 5.27 million units
from July's revised 4.82 million. Analysts' forecasts had called for an
increase to just 4.95 million units.

Consumers continue to buy homes at a feverish pace based on their belief in
the strong economy and reasonable interest rates. Despite the Fed's moves
to raise rates, mortgages remain surprisingly affordable.

Crude-oil futures fell after the Clinton Administration's decision to
release oil from the strategic reserves. November crude lost $1.08, or
3.3%, to $31.60 a barrel. October natural gas futures rose higher, however,
gaining 15 cents, or 3%, to $5.28, while December gold jumped $2.30, or
0.8%, to $277.40.

In Canadian trading, the Toronto Stock Exchange added 64.90 points, or
0.6%, to 10,631, while the Canadian Venture Exchange ended lower by 22.80
points, or 0.6%, to 3583.23.

In the currency markets, the Canadian dollar ended 0.2% higher at
US$0.6727, from US$0.6712.


And this is of interest:

09.25.00

Good Evening All and Welcome New Members!

Enclosed is ATEX. We were turned onto ATEX by a
friend today and thought it would make a good
alert to our members. We agreed.

We have not done any extensive DD on ATEX. We
have not watched how she trades. I can't offer any advise
on how to buy or sell it at this point. Like most of you I will
be looking at it tomorrow and will be seeing first hand....
just like you about ATEX.

Why even bring it forward then????... take a look ***below
and see why I like ATEX.

Trading well for the day - UP .20. I don't have any shares
at this time. However, if volume continues to pour in
and it shows signs of strength and continues to trend
positive... then I'll consider picking some up.

Shares Outstanding 8.75M
Float Only 1.40M!!!
Trades in fractions (.03 at a tick).

Cheers,
DS

http://moneycentral.msn.com/investor/charts/charting.asp?Symbol=atex watch not buy....