Replies to post #168909 on Zeev's Turnips Patch-No Politics (ZEEV)

[Fred Langford]

Wow, a blast from the past.
What a coincidence, a couple of days ago I sold the bulk of the 'free' shares I had from the old days @ 18.25.
Still left a couple of hundred in my account, mostly for sentiment <g>
Hardly watch it anymore.
Those were the days, weren't they?

Fred

[madrose1]

U.S. stocks slip; traders await economic data
Tuesday November 11, 2:28 pm ET
By Elizabeth Lazarowitz


(Updates to early afternoon, changes byline)
NEW YORK, Nov 11 (Reuters) - U.S. stocks fell on Tuesday, with technology stocks eroding more of their recent gains as investors awaited further evidence that an economic recovery is finally taking root.

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Trading was moderate as many on Wall Street took the Veterans Day holiday off. Banks and the bond market were closed.

Better-than-expected quarterly earnings and unexpectedly robust economic reports have helped boost the market near its highest levels of the year. But investors have grown skittish amid fears that stock prices may be overblown.

"You've had a lot of economic data and a lot of earnings thrown at the market, and we feel like we're cruising along the top end of the trading range here. We have not been able to break out," said John O'Donoghue, managing director of listed trading at Credit Suisse First Boston.

U.S. investors are now focusing on initial jobless claims and international trade data on Thursday and on producer price, retail sales and industrial production data on Friday, which are expected to bolster the belief that the economy is on track for recovery.

The Dow Jones industrial average (^DJI - News) was down 25 points, or 0.3 percent, at 9,732. The broader Standard & Poor's 500 Index (CBOE:^SPX - News) was down 2 points, or 0.2 percent, at 1,045. The technology-laced Nasdaq Composite Index (NasdaqSC:^IXIC - News) was down 12 points, or 0.6 percent, at 1,930.

Losses added to Monday's drop when technology shares led a retreat as investors cashed in on recent gains after the market's brush with 2003 highs last week.

Shares of business software maker Oracle Corp. (NasdaqNM:ORCL - News) and PeopleSoft Inc. (NasdaqNM:PSFT - News) both slipped after The Wall Street Journal reported that Oracle might drop its $7.3 billion bid for PeopleSoft over license refund arrangements.

Oracle shares were down 4 cents, or 0.3 percent, at $12.53, while PeopleSoft shares fell 31 cents, or 1.4 percent, to $21.74.

Another stock in the spotlight was EchoStar Communications Corp. (NasdaqNM:DISH - News), which tumbled $4.10, or 11 percent, to $32.70 after the satellite broadcaster's quarterly results missed Wall Street's targets.

Retail stocks were generally higher after some broker upgrades on the sector. Shares of upscale jewelry store Tiffany & Co. (NYSE:TIF - News) rose $1.06, or 2.3 percent, to $48.27 after being upgraded by Merrill Lynch.

Federated Department Stores Inc. (NYSE:FD - News) rose $1.36, or 3 percent, to $49.86 after Smith Barney raised its investment rating and price target for the retailer, which operates Bloomingdale's and Macy's.