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by 9/29/2000 1:11 PM
Stocks quoted in this article:
Boeing's (BA – 62-1/4) recent rally experienced a flight delay this morning. The stock is off over three percent this afternoon on news that its chief rival Airbus Industries received an order for 10 jets from Singapore Airlines. Today's decline has taken the shares down to test their 10-day moving average.

In spite of the equity's impressive strength of late, short interest on BA surged 138.6 percent from mid-August to mid-September to reach 13.7 million shares, its highest level ever. Such pessimism suggests that BA could continue to gain altitude over the near term. <
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by 9/29/2000 12:21 PM
Stocks quoted in this article:
CapRock Communications (CPRK – 5-1/8) maintains a fiber-optic network that will ultimately reach from Phoenix, Arizona to New Orleans, Louisiana. The network provides long-distance and local telephone service, as well as Internet access, to small and mid-sized businesses in the region. This year has been quite rocky for the security, as it has surrendered over 90 percent of its value since mid-February. This week, CPRK has struggled with technical resistance in the form of its overhead 10-week moving average.

Today, CPRK is seeing very unusual activity in its options pits, as 2,105 options have changed hands on the December 5 call. Only 173 contracts resided at this at-the-money strike before today, suggesting that nearly all of today's volume should translate into new open interest on Monday. A number of large and mid-sized blocks have traded throughout the session so far today, making this the most-active call on the PHLX. <
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by 9/29/2000 12:21 PM
Stocks quoted in this article:
Research In Motion Limited (RIMM – 98-9/16) makes paging devices, the most popular of which is marketed under the Dell Computer (DELL – 31-1/4) brand.

Last night after the close, the company reported a second-quarter loss of two cents per share, topping analysts' expectations by a penny. This morning, the firm was greeted with two brokerage upgrades. On the combined news, RIMM has sprinted ahead 18 percent and is flirting with the century mark. RIMM shares have not traded above the 100 region since early April.

Implied volatility readings have subsequently surged on the equity. Last week's composite implied reading for RIMM options of 88.49 percent has expanded to 101.55 percent this morning.
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by 9/28/2000 5:11 PM
Stocks quoted in this article:
The Conference Board released its August help wanted index today, and the results suggest that the tight labor markets may be softening a bit. The August help wanted index fell to 78 from July's 82. The reading was lower than the 86 reading from August 1999. In a sign that a peak in hiring may be at hand, the Conference Board said that in the last three months, help wanted advertising has fallen in nearly all regions of the U.S.<
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by 9/28/2000 4:52 PM
Stocks quoted in this article:
The Labor Department reported today that U.S. jobless claims decreased by 24,000 in the week ending September 23. Initial unemployment claims for the week totaled 287,000, the lowest level since July 29. The number was well below the expected 4,000 increase. In theory, tight labor markets cause demand to outpace supply, contributing to inflationary pressures. This unexpectedly high number suggests that the recent weakness in the job markets may be temporary. Recent higher unemployment rolls may not be seen as a negative if it eases tightness in the labor markets.
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