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by 8/25/2000 3:40 PM
Stocks quoted in this article:
In today's trading, pharmaceutical services provider Caremark Rx (CMX 9-3/8) has notched its highest intraday mark since early June 1998, stepping up by over two percent. This climb comes a session after the stock's eight-percent advance in Thursday's trading. The shares are trending above all of their significant moving averages.

On the options front this afternoon, it appears that some investors believe that CMX has more downside potential. The out-of-the-money October and December 7-1/2 puts have been active on volume of 1,000 and 2,000 contracts, respectively. The October 7-1/2 put has no open interest, while put open interest at the December 7-1/2 strike stands at 349 contracts. This indicates that nearly all of today's volume will likely translate into new open interest. These are currently among the most-active puts on the PHLX.

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by 8/25/2000 3:08 PM
Stocks quoted in this article:
Lernout & Hauspie Speech Products (LHSP 30-13/16) has tumbled over 11 percent on news that CEO Gaston Bastiaens is stepping down. The stock has been in a steady decline since peaking in mid-March, declining almost 60 percent under the pressure of its 10-day and 20-day moving averages.

Option activity is slanted toward the put side, but it appears that much of this activity could represent profit taking. The September 27-1/2 put has registered volume of 1,218 contracts on open interest of 2,685 contracts, while 2,303 contracts crossed the tape on the September 30 put, which has open interest of 4,380 contracts. <
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by 8/25/2000 3:05 PM
Stocks quoted in this article:
DoubleClick (DCLK 43-11/16) is getting a nice bounce today on positive comments from an analyst. The stock is up over seven percent in late-afternoon trading. The equity has significantly lagged the broader market this year, but it has shown some signs of life this week. From its close on August 21, the shares have shot up 45 percent.

DCLK options are active today, as the September 45 and October 50 calls have each logged volume in excess of 1,000 contracts. On the put side, the October 50 put has seen 906 contracts change hands. <
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by 8/25/2000 2:34 PM
Stocks quoted in this article:
On Wednesday, the AMEX North American Telecom Index (XTC 1364.96) slipped down to its worst intraday mark since late October. Yesterday, the index finished in negative territory for the fifth consecutive session. In mid-afternoon trading, though, the XTC is in the black by more than 13 points, or almost one percent. The index is apparently finding some support close to its 20-month moving average, as it shoots up toward its overhead 10-day trendline. Despite today's advance, the XTC is still beneath that technically significant 1400 level discussed earlier this week in a Market Observation by Bernie Schaeffer.

Top index performers today include Sprint FON Group (FON 32-9/16), up 5.6 percent; Qwest Communications (Q 49-13/16), up 4.5 percent; Verizon Communications (VZ 43-1/8), up 3.4 percent; Sprint PCS Group (PCS 49-7/16), up 2.9 percent; and WorldCom (WCOM 35-15/16), up 2.8 percent.
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by 8/25/2000 11:52 AM
Stocks quoted in this article:
Razorfish (RAZF 13-1/8) is a cyber-consulting company. RAZF lends its advice on e-topics ranging from Web design to resource planning. The firm's clients have included Charles Schwab (SCH 36-1/16), Time Warner (TWX 88-3/8), and Giorgio Armani.

The stock is trading nearly 10 percent lower this morning after weathering a six-percent decline during Thursday's trading. Yesterday just after the closing bell, the company's president announced that he was resigning. Adding fuel to the downside fire, Deutsche Banc downgraded the shares this morning from a "strong buy" to a "buy." Since their early February peak around the 57 mark, RAZF shares have lost around three-fourths of their share value.
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