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

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Thursday, October 26, 2006

Tech Most Active Review: The Low Priced Stocks Have Resumed Control

Usually around earnings season, you see the "Horsemen" take the focus. Right now that isn't the case. Today after the close we have both Microsoft (MSFT) and Sun Micro (SUNW) report, so with the ridiculous number of shares that may trade around SUNW tomorrow it is probably going to be hard for the Horsemen to again compete with the Smaller Low Priced Most Aactives. MSFT will be the last of the Horsement to report earnings, so it is possible that the smaller names may again take the leadership. We'll have to see. We recently lost JDSU because of its reverse split trickery, and CIEN did the same the month before.

So far today, the smaller more actives are winning on raw share volume, but still nowhere close on raw dollar terms. It is also pretty hard not to notice how all of the lower-priced stocks are UP on the day and the Horsemen stocks are mixed. Here is a review of the actives:

Ticker Price Change Volume
FNSR $ 3.73 $ 0.04 3,226,746
LVLT $ 5.42 $ 0.03 27,223,992
SIRI $ 3.68 $ 0.03 13,554,144
SUNW $ 5.32 $ 0.02 33,384,094
PMCS $ 6.49 $ 0.01 2,059,858
CNXT $ 1.98 $ 0.11 12,329,114
CHTR $ 2.10 $ 0.21 35,870,704
Total

127,648,652




NASDAQ 2,360.18 $ 3.82 1,178,900,000




Ticker Price Change Volume
INTC $ 21.73 $ 0.01 21,390,444
MSFT $ 28.23 $ (0.08) 27,514,524
CSCO $ 24.14 $ (0.15) 17,697,946
AAPL $ 82.05 $ 0.37 7,754,305
ORCL $ 18.67 $ 0.05 15,458,348
Total

89,815,567


Jon C. Ogg
October 26, 2006
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