Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

11:20 New 52-Week Highs/Lows

The new high list is fairly long with telecom equipment stocks clearly leading the way again despite some cautious analyst comments... Tallies so far today for new highs vs lows are 264-4 (NYSE) and 204-5 (Nasdaq)... Sectors with a strong representation of names on the 52-week high list include: Telecom/Network Equip (ADCT, AV, ERICY, FDRY, HLIT, JNPR, MOT, NOK, RBAKD, TLAB), Biotech (BPA, CYAN, INCY, KERX, NPSP, ONYX, TLRK, ZONA), Semiconductors (ASML, AXTI, MSCC, RMBS, TRPH), Oil Services (HAL, RIG, SII), Small Cap Stocks (EXFO, FLDR, NMGC, SOSA, SPDE), Large Caps of Interest (AXA, LTR, MBG). Notable new lows being made by Hollywood Ent (HLYW 12.34 -0.01), Kohl's (KSS 41.78 -0.02), Ultimate Elec (ULTE 6.40 -0.18) and recent IPO (Sep 22) RedEnvelope (REDE 12.77 -2.73) is down big on a warning.


PGTV Short-Squeeze Alert -- Pegasus Comms (34.25 +2.95)

Stock pushes out to its best levels of the day on volume that is about average for this point in the session. Shares of direct broadcast satellite (DBS) television services provider are subject to frequent short-squeezes given its small float and short-interest that accounts for roughly 60% of the float.


11:21 CHINA Relative Strength -- China.com rallies 5% on 2x avg volume of 7.3 mln shares (11.39 +0.56)