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by 10/20/2000 11:33 AM
Stocks quoted in this article:
The PHLX TheStreet.com Internet Index (DOT – 581.3) has stepped up by nearly 26 points, or almost five percent, in late-morning trading. With this upswing, the index is ready to close today's activity above its 10-day moving average for the first time since September 7. The DOT, though, remains beneath its 20-day moving average as well as all of its significant intermediate-term and long-term trendlines.

Components lifting the index higher this morning include RealNetworks (RNWK – 24), up 26.4 percent; BroadVision (BVSN – 29-1/2), up 13.7 percent; MarchFirst (MRCH – 12-5/8), up 12.8 percent; EarthLink (ELNK – 7-11/32), up 10.3 percent; eBay (EBAY – 61-11/16), up 7.7 percent; and Macromedia (MACR – 80-3/4), up 7.6 percent.

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by 10/20/2000 10:02 AM
Stocks quoted in this article:
Scientific-Atlanta (SFA – 58-15/16) announced that it had a first-quarter profit from operation of 38 cents per share. This maker of set-top boxes for cable television was expected to earn 30 cents per share. According to I/B/E/S International, this marked the company's sixth consecutive positive earnings surprise.

Investors have cheered on this positive fundamental news, as the stock gapped nearly five points higher at this morning's opening bell. Currently, SFA is ahead by over six points, or more than 12 percent, to overtake its descending 20-day moving average. The shares have not closed a session above this short-term trendline since August 14. The security is now approaching its overhead 10-month moving average, which it hasn't finished a month lower than since November 1998.

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by 10/20/2000 9:18 AM
Stocks quoted in this article:
Coca-Cola (KO – 57-3/16) is the world's largest soft drink company, distributing 230 varieties of beverages in over 200 countries. This morning, KO announced third-quarter earnings of 42 cents per share, edging past analysts' estimates by a penny per share. Additionally, KO officials reiterated that they are comfortable with Wall Street expectations for 2000 and 2001 earnings.

Between August 1 and September 21, KO endured a steady decline, giving back 23 percent of its share value in the process. It has been steadily ascending for the past month, however, and is perched just above the 50-percent retracement level between its August high and its September low. This mark is also coincidentally the site of KO's ascending 20-day moving average.
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by 10/20/2000 9:06 AM
Stocks quoted in this article:
Online auctioneer eBay (EBAY – 57-3/16) has been trending sideways in a large range between the 46 and 78 levels since late April. Last night, the company announced third-quarter earnings of seven cents per share, topping Wall Street's estimate by three cents per share. The company said that merchandise sales through its site climbed 83 percent in the quarter compared to last year.

Yesterday evening in after-hours trading, the stock reached as high as 63-3/4, an 11-percent boost over last night's closing price. This morning before the open, EBAY stock is already posting a bid price of 65 per share. If the equity opens at these levels, it will be pushed above its intermediate-term moving averages. <
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by 10/19/2000 3:29 PM
Stocks quoted in this article:
Parametric Technology (PMTC – 10-15/16) is in the black by nearly eight percent in late-afternoon action, sprinting back above its 20-day moving average. Since September 14, the stock has only closed one session higher than this short-term trendline. The shares, which are down almost 25 percent since their August 29 intraday high, are still trending below all of their intermediate-term and long-term moving averages.

In PMTC's options pit today, the February 10 put has been active on volume of 5,000 contracts. As of yesterday's close, open interest on the option stood at a mere 788 contracts, so most of today's activity is likely to become new positions. This strike is presently one of the busiest put contracts on the PHLX.


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