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

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Wednesday, November 01, 2006

Most Actives: Under $5.00 Tech Stocks Similar to Horsemen

Today we have a mixed bag on the most actives. The Horsemen stocks are always ahead on net dollar transactions, but the volume is mixed. The only huge mover is the drop in Apple (APPL) but the volume is not severe enough to make anyone panic. CHTR is benefitting from an upgrade. CSCO is probably going to fight out moves here in the next 3 days as traders either take profits or try to position themselves ahead of earnings next week. It was interesting to see the ratios the same now that many mutual funds have gotten past their annual report cut-off date. These are often witness to window dressing, and after the quarter has ended you often see selling in the old leader names since the need to show your investor clients what you held is over.

Ticker Price Change Volume
FNSR $ 3.36 $ (0.12) 12,489,374
LVLT $ 5.33 $ 0.04 9,247,040
SIRI $ 3.75 $ (0.08) 16,918,284
SUNW $ 5.36 $ (0.07) 31,219,556
PMCS $ 6.60 $ (0.03) 2,713,243
CNXT $ 1.95 $ 0.02 8,481,577
CHTR $ 2.49 $ 0.19 29,259,288
Total

110,328,362




NASDAQ 2353.94 -12.77 1,018,965,000




Ticker Price Change Volume
INTC $ 21.25 $ (0.09) 28,025,826
MSFT $ 28.82 $ 0.11 38,499,096
CSCO $ 24.34 $ 0.21 26,798,500
AAPL $ 79.86 $ (1.22) 12,107,607
ORCL $ 18.58 $ 0.11 14,297,839
Total

119,728,868


Jon C. Ogg
November 1, 2006
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