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by 11/17/2000 4:01 PM
Stocks quoted in this article:
This has not been a good week for B2B companies. The group's leader, Ariba (ARBA - 75-7/8) has seen its stock fall 25 percent in three days, from over 100 Tuesday to the 75 level. Today, Commerce One (CMRC – 46-3/4) took a huge hit, down over 15 percent at one point, on concerns of weak sales that the company denies as rumors. CMRC has made a partial recovery, but is still down over 11 percent today. Purchase Pro (PPRO - 16) is also down over 12 percent today. Former highflier VerticalNet (VERT-15-11/16) fell to a new low today of 15-1/4, down from 133 in March.

One bright spot in the e-business realm is Great Plains Software (GPSI – 49). After some post-Y2K sales slowdown difficulties earlier this summer, this provider of e-business solutions purchased Solomon Software and partnered with Siebel Systems (SEBL – 94-1/2) to be able to provide integrated front-and back-office solutions. This week they announced another alliance with Tompkins Associates. Yesterday, the stock began pulling further above its 10-day moving average and traded as high as 47, a level it had not touched in six months. It is extending its gains today on increasing volume and looks to close near the top of its range, approaching 50.
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by 11/17/2000 12:52 PM
Stocks quoted in this article:
The December 15 call on Broadbase Information Systems (BBSW - 10-1/4) is the most actively traded call option on the CBOE thus far today and is currently the second-most active call option on the AMEX. The stock is down over 27 percent today after the company warned that it now expects to lose 15-to 17-cents per share in the fourth quarter, compared to the seven cent per share loss The Street had been expecting. <
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by 11/17/2000 12:47 PM
Stocks quoted in this article:
This morning, DaimlerChrysler (DCX - 42.60) warned that upcoming earnings at its U.S. Chrysler arm will fall below forecasts. The company will also embark upon a major restructuring. The stock is off about a dollar in response to the news and is testing its October 27 lows. Option activity remains virtually non-existent on DCX today.
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by 11/17/2000 12:45 PM
Stocks quoted in this article:
The Nasdaq-100 Trust (QQQ - 73) received a pop on the news that a Florida judge denied a motion to force the Secretary of State to accept hand-counted presidential votes tallied after the November 14 deadline. The QQQ moved up to 75-3/16, but was unable to hold its gains. Currently the QQQ is unchanged. Hampering the ascent of the trust today was over 30,000 contracts of call open interest that reside at the November 75 call. This is the site of peak call open interest in the November series.
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by 11/17/2000 9:57 AM
Stocks quoted in this article:
Tenet Healthcare (THC – 40-7/8) is the second-largest hospital chain in the United States. Healthcare issues have been strong recently and Wednesday, the company issued positive comments going forward. They have experienced above-average admissions the last two months and are optimistic about mid-teens earnings growth rate for fiscal 2001, which will be halfway through at the end of this month.

Yesterday, the stock overcame its previous high of 40-1/2 from October 18 to reach a new 52-week high of 41and closed sitting just above its 10-and 20-day moving averages. It has also closed above its 10-and 20-week moving averages every week since April. Options are available on THC. There is significant open interest in the November 35 call, which expires today and shows 5,885 open contracts. The December 35 call has 1,555 open contracts. <
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