Manugistics Calls Rise; Nasdaq Rallies
Stocks finished mixed Tuesday as technology stocks pushed the Nasdaq up
nearly 2% by the close. Internets were the top sector while airlines were the
weakest.
At the close, the VIX ended down 2.57 to 30.78.
The OEX January 700 calls lost 1.80 to 4.50.
Among bigger movers on heavier-than-average volume:
eBusiness solution provider Manugistics
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PowerRating) rose 4 1/16 to 44
following positive words from CS First Boston. The Manugistics January 50 calls
jumped 1 3/8 to 2 1/8 on heavier-than-average volume.
Net consultant Sapient
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PowerRating) added 3 5/8 to 16 13/16 as Internets
bounced. The SAPE January 15 calls gained 1 7/8 to 2 1/2 on heavier-than-average
volume.
Nokia
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PowerRating) fell 3 13/16 to 39 5/16 following news that its sales were
weaker-than-expected. The Nokia February 40 calls fell 2 to 3 13/16 on more than
13,000 contracts.
In the resurgent telecom group, AT&T
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PowerRating) jumped 2 7/16 to 22 1/2 while
the AT&T January 20 calls gained 1 3/4 to 2 11/16 on more than 6000
contracts.