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Replies to post #3017 on CASH COW

Replies to #3017 on CASH COW
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DAVE_007

05/19/04 5:25 PM

#3018 RE: WANG #3017

assorted comments..EFLT..Market Events..etc

Am running low on posts..only 2 left after this one..I might join IHUB?..

anyways..

EFLT..can't help but think I'm on to something good with this one..looks like 20X or so average volume?..what you guys think?..what next 'resistance'?..some saying could be ONEV type run..I may add 30K or more tomorrow morning..only have 20K at .027..thought I had 30K now..oh well..
that sure was a 'rush' this morning on that first trade..LOL..
only fly in the soup is have done promised Unc to go to breakfast..will miss open..will have to place preMarket order..



16:20 ET Dow -30.80 at 9,937.71, Nasdaq +0.35 at 1,898.17, S&P -2.81 at 1,088.68: [BRIEFING.COM] What started out as a terrific session for market enthusiasts, with the Nasdaq advancing as much as 2.0%, ended up with the bitter disappointment of a relatively flat to slightly lower close for the major averages... The early optimism was largely an extension of yesterday's rally, supported by a lack of disturbing geopolitical headlines and upbeat comments from the likes of Hewlett-Packard (HPQ 20.72 +0.89) and Applied Materials (AMAT 18.76 -0.09)... In its advance, the Dow lifted above the psychologically-significant 10K level, as well as its 200-day simple moving average at 10,033, inciting additional buying in the broader market... While leadership to the upside was broad-based with laggards being identified in terms of sectors that are showing the smallest gains, volume was only moderate at best, speaking to participants' lack of conviction to the move higher... In that same vein, the Nasdaq's failure to lift above the top of its recent trading range at 1037 (session high 1036) cooled the market's advance and the participants' enthusiasm even further... With two hours of trade remaining, selling of S&P futures by a Tier 1 firm drove the market lower, while the relatively uninspiring volume totals and Friday's monthly options expiration exaggerated the extent of the move... At market close, sector leadership was mixed with leaders to the upside including the networking, semiconductor, communications equipment, gold, coal, iron & steel sectors... Among the laggards of note were the biotech and REIT groups... Elsewhere, the bond market was able to close off its worst levels of the day, although the 10-year note was still down 9/32, bringing its yield up to 4.77%... Nasdaq +0.35 at 1,898.17... NYSE Adv/Dec 1791/1526... Nasdaq Adv/Dec 1669/1487.