Insightful analysis and commentary for the US and global equity investor
Contributors: Douglas McIntyre Jon C. Ogg

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Wednesday, October 04, 2006

Most Actives Review

The market is up and the Dow Jones Industrial Average is hitting new intraday highs again. NASDAQ investors may not care about the DJIA highs, because the NASDAQ is still more than 50% lower than its highs in 2000 and it is still more than 100 points under the yearly highs put in back in April of this year.

NASDAQ 2,265.41;Up 21.76 (0.97%) on 1,040,000 shares

If you look at the trading volume, you will see quite clearly how NASDAQ investors right now prefer large cap and stable techs instead of the high-flying low price stocks. Investors will always trade the low price actives, particularly if there is news, but the trend seen over the last week and a half has been anecdotal of the obvious. Soon we will have JDSU off the list too after it completes its reverse stock split.

Ticker Trade Change Volume
FNSR $ 3.69 $(0.04) 5,131,898
JDSU $ 2.19 $ - 14,172,587
LVLT $ 4.77 $(0.23) 28,709,168
SIRI $ 3.93 $(0.14) 38,658,484
SUNW $ 4.98 $(0.01) 13,441,454
PMCS $ 5.81 $(0.17) 4,722,998
CNXT $ 1.77 $(0.03) 6,504,807
CHTR $ 1.62 $ 0.10 6,638,747
Total

117,980,143




Ticker Trade Change Volume
INTC $ 20.64 $ 0.07 40,883,048
MSFT $ 27.77 $ 0.40 34,359,064
CSCO $ 23.57 $ 0.16 23,909,758
AAPL $ 74.78 $ 0.70 16,426,457
ORCL $ 18.07 $ 0.17 20,890,152
Total

136,468,479



Jon C. Ogg
October 4, 2006
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