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[ThatHawaiiGuy]

MARKET REPORT
************************************
The hint of interest rate relief, and an imminent end to president-elect
mayhem were all investors needed Tuesday to send North American exchanges
north in a big way.

The Nasdaq Composite Index saw its largest single-day increase Tuesday,
after Federal Reserve Chairman Alan Greenspan suggested an interest-rate
cut might be in the offing.

Greenspan's remarks, along with a foreseeable resolution to the U.S.
presidential election, boosted stocks and overshadowed earnings woes that
surfaced with several tech issues.

Small indexes gained strongly, with the benchmark Russell 2000 Index adding
20.78, or 4.6%, to 471.17, while the S&P 600 gained 8.39 points, or 4.2%,
to 208.29. The Wilshire 1750 added 42.38, or 5.9%, to 759.25.

"I would say we have probably seen the bottom,'' said Ryan Crane, who helps
manage $125 billion at AIM Advisors Inc. in Houston, including the AIM
Small Cap Growth Fund. Speaking Tuesday on smallcapcenter's 5-200 Show,
Crane said "we're in there buying."

The tech-heavy Nasdaq Composite Index jumped 274.05, or 10.5%, to 2889.80,
while semiconductor stocks gained strongly also, with the Philadelphia
Semiconductor Index leaping 55.93, or 10.1%, to 607.41.

"The market started off with a rally on bad news for Vice President Al
Gore," said John Davidson chief market analyst for Orbitex Group of Funds.

While the market is comfortable with Texas Gov. George W. Bush, "it is more
grateful to an end to the election uncertainty than it is for Bush
himself," Davidson noted.

But it was comments from Federal Reserve Chairman Alan Greenspan shortly
after the opening bell that really put the market in motion, sending the
Nasdaq up over 10% for the session.

"Basically, what [Greenspan] is saying is confirming what everybody is
thinking, that we're going to see something soon as far as a change in the
bias," said Scott Fullman, options strategist at Swiss American Securities
Inc.

"Once that bias changes, it opens up the way for them to ease monetary
policy at the following meeting" in January, Fullman noted.

Greenspan, in addressing a banking conference in Manhattan, said the
central bank is ready to cut interest rates should the economy teeter
toward recession. He cited the recent decline in stock prices and volatile
energy prices that may cause a slowdown in economic activity as reasons for
possible Fed action.

It is "certainly positive news for the market," said Timothy Ghriskey,
senior portfolio manager at Dreyfus Corp. "Greenspan laid off the inflation
worry, which is positive."

In making his statement, Greenspan acknowledged that not only is the
economy slowing, but there is growing consensus that the Fed could ease
interest rates at its January Federal Open Market Committee meeting,
Ghriskey added.

Tech issues headed higher as shares of 3Com Corp. (NASDAQ: COMS) sunk 25%
but failed to ripple through other tech stocks. The networking company said
earlier Tuesday that slower-than-expected sales to telecommunications
customers would have an affect on fiscal-second-quarter results.

Xylinx Inc. (NASDAQ: XLNX) also stepped forward, saying soft bookings from
several large North American customers made for a soft November. The
company altered its 12% sequential revenue growth guidance for the fourth
quarter to 5% to 7%. Still, shares of the specialty chip maker gained 1
7/8, or 4.5%, to 43 9/16.

Within small cap stocks, Grubb & Ellis Co. (NYSE: GBE), a commercial real
estate broker, said it has taken itself off the sales block and plans to
buy back as much as 35% of outstanding shares, after failing to find a
buyer. It also said it expects second-quarter earnings of 20 cents a share,
below the 34-cent average analyst estimate. In afternoon trading Grubb &
Ellis added a point, or 21.6%, to 5 5/8.

Green Mountain Coffee Inc. (NASDAQ: GMCR), a specialty coffee seller, whose
shares have risen more than fivefold this year, said it plans to split its
common stock 2 for 1. Shares rose 3 1/4, or 7.1%, to 49 in Tuesday trading.

Georgia-based Century South Banks Inc. (NASDAQ: CSBI) agreed to be bought
by BB&T Corp. (NYSE: BBT) for $428.2 million in stock. Each Century South
share will be exchanged for each 0.93 BB&T share. Shares of Century South
gained 25.7%, or 6 1/4, to 30 9/16.

Blue chip stocks soared again Tuesday as the Dow Jones Industrial Average
put on 338.62, or 3.2%, to 10,898.72, after vaulting 187 points Monday. The
broader S&P 500 picked up 51.29, or 3.9%, to 1376.26.

In economic news, the government said factory orders fell 3.3% in October,
nearly a full-percentage point greater than analyst expectations of a 2.5%
decline and Septembers revised 1.1% gain.

The drop in factory orders is one more indication the U.S. economy is
slowing. The report came a day after a Conference Board report showed the
nation's leading economic indicators fell 0.2% in October.

Separately, the National Association of Purchasing Managers said its
services index gained 0.5% in November to 58.5%, up from 58% in September
and greater than Wall Street estimates of 57%. The NAPM report on the
non-manufacturing sector measures responses from purchasing managers in
such industries finance, insurance and real estate.

In the continuing presidential-election struggle, the Florida Supreme Court
agreed to hear an appeal by Vice President Al Gore to a ruling Monday that
denied his request for a recount in several Florida counties.

Arguments are set for Thursday morning before that state's high court,
which is expected not only to rule on the appeal but to clarify its
decision last month, extending the state's certification deadline, as
required by a ruling by the U.S. Supreme Court on Monday.

In Canadian trading, the Toronto Stock Exchange jumped 334.30, or 3.7%, to
9279 in Tuesday's trading, mirroring gains in American markets. The
Canadian Venture Exchange, however, slipped 8.85, or 0.3%, to 2898.04.

In currency markets, the Canadian dollar gained 0.1% to $US0.6478 from
US$0.6475, while in late New York trading the euro slipped to US$0.8798
after two days of strong gains.

In commodities news, crude oil futures slipped further following Monday's
80-cent drop. January crude oil futures dropped $1.69, or 5.4%, to $29.53,
while January natural gas slid 5 cents , or 0.7%, to $7.38, after climbing
again to the all-time new intraday high of $7.95 on Monday. February gold
lost 50 cents, or 0.2%, to $273.30.

Review + B2B list.

I've been saying in no uncertain terms that these last few days were the time to be buying and we have been rewarded already...Next year should bring the bull back IF the fed lowers rates...especially twice...looks like they move to nuetral after all:

http://biz.yahoo.com/rb/001205/cp.html

Nasdaq Racks Up Biggest-Ever Gain
Stocks shot higher on Tuesday, launching the Nasdaq market up more than 10 percent -- its biggest one-day gain ever -- on speculation the Federal Reserve may soon cut interest rates and the drawn-out battle for the White House is nearing an end.

http://biz.yahoo.com/rb/001205/co.html

Like I said when everybody else is selling you are buying...

Futures were up so much last night I was sure there would be a rally today but even me the optimist got blown away...

IF you have/had been buying (befor today) take some profits on all the 36%+. Will they keep going? Maybe, but darn it you don't go broke taking profits!!!!!!!

Further there are other stocks you can roll those profits into...the OTC did not rocket today...it always comes after the NASDQ...so if you are nimble you can get two rides up instead of one...

Bluetooth and MDCE as predicted...(surmised from conversation with CEO)
http://biz.yahoo.com/bw/001205/ca_media_c.html

I was batting 1000 but now I'm down to about .475...wrong about VDOT right about ISCO
Wrong about NVEI (so far) and right about TWIC...called the run up and bailed after rolls in the high .30's wrong about AQCI so far...and TXMC...just add more on those two...but the ones that are suffering like NVEI are the ones to be buying...like CMGI and DELL under 15 and 20...you buy when nobody wants them not after a day like today...
I like FONX down here...in fact the first buys I made were in the 40's...currently out but it's looking tasty...

LMGR started buying to high but averaging down under a buck and you obviously would be making a killing now...

BEBE is up 100%...too late for big gains but watch it again next year...it was 10 bucks...guess who shops there...was impressed with the stuff they had and the sales staff at Alamoana so I asked if they were public...been watching them for a year or so...did not invest but it was a good experiment on paper...

How bout that TALL...

My B2B watch list was full of 20% gainers:

http://quote.yahoo.com/q?s=ACRU+AILP+ARBA+ASWX+BVSN+BWEB+CLIC+CMGI+CMRC+CNQR+CPTH+EGAN+ELCO+ENGA+EPNY+ICGE+INOW+ISLD+ITRA+JCDA+KANA+KEYN+NEON+ORCL+PCOR+PNLK.OB+PPRO+ROWE+SFE+TIBX+VDOT.OB+VERT+VITR+VRTL+VRTS+VSRC+&d=v1

Infact 20% wasn't stellar...EGAN CLIC and BVSN and TIBX

I like tech inside tech I like B2B, software, highspeed connection, wireless, chips, and bluetooth...the smarthouse will come so far I like MDCE for smarthouse and bluetooth...they may expand into much more than just a hometheatre company...this is a LTP like 2 or 3 years...

VDOT has several of those bases covered...