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by 2/12/2001 10:09 AM
Stocks quoted in this article:
On Sunday, Eastman Kodak (EK 44.90) announced that it would purchase Pakon, a digital film scanner maker. EK hopes to strengthen the company's imagine scanning services by realigning its scanner operations with the new acquisition.

The stock is again moving to test the 45 level, which is the site of peak open call interest. More than 3,300 open February 45 call contracts continue to rebuff the security's attempts to break through this level.
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by 2/12/2001 9:07 AM
Stocks quoted in this article:
The S&P Insurance Index (.IUX - 756.85) held up well during last week's market decline. The group finished the week slightly in positive territory while the major market averages were deep in the red. From a technical perspective, the .IUX was able to find support from its now rising 20-day moving average. From a longer-term technical perspective last month's decline found near-perfect support at the round-number 700 level. The 700 level had formerly acted as resistance for the group in July 1998.<
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by 2/12/2001 9:06 AM
Stocks quoted in this article:
Shares of Oxford Health Plans (OXHP - 33-3/4) fell by nearly four percent in last Friday's trading amid a weaker managed-care industry group. Cautious earnings guidance from Cigna (CI - 110.75) sent the stock down over eight percent and weighed on the AMEX Morgan Stanley Health Care Payors Index (HMO - 473.40). The March 35 put on OXHP was active on Friday. Nearly 2,800 contracts changed hands on the in-the-money option highlighted by a 1,500-contract block that crossed the tape at 3-3/4.
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by 2/12/2001 9:02 AM
Stocks quoted in this article:
Pharmacia (PHA - 54) reported fourth-quarter earnings this morning of 32 cents per share, matching the consensus estimate. The stock has retreated over the past two months after finding resistance at 64 in late-November. The level also acted as resistance for the shares in August and October 1998.

The March 55 put was active in last Friday's trading. Over 5,000 contracts traded on the option, with the majority of the volume comprised of a handful of large block trades. Open interest on the option rose by nearly 4,500 contracts. <
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by 2/9/2001 3:43 PM
Stocks quoted in this article:
The Nasdaq Composite (COMP - 2473.4) is now trading at the same level as the year 2000 close, 2470.5. This, despite rate cuts from the Fed that have totaled 100-basis points in the month of January. This confirms that the COMP is and remains in bear mode. Bull markets respond positively to good news. In bear markets, negative or muted reactions occur after positive news.<
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