WorldCom Calls Jump; Stocks Slip
Stocks have slid into the negative column Wednesday after tech stocks
initially staged a bit of a rally. Telecom is the day’s strongest sector while
biotechs are the weakest.
At mid-day, the VIX is down .84 to 33.36.
The OEX January 700 calls are down .70 to 5.00.
Among bigger movers on heavier-than-average volume:
In the resurgent telecom arena, WorldCom
(
WCOM |
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PowerRating) has gained 2 1/16 to 18
while the WCOM January 15 calls have gained 1 1/4 to 3 1/8 on more than 20,000
contracts.
Sprint
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FON |
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PowerRating) is also strong, gaining 1 11/16 to 23 11/16 while the Sprint
January 20 calls have added 1 3/16 to 3 3/4 on more than 6000 contracts.
Invitrogen
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PowerRating) has lost 9 3/8 to 71 11/16 in a weak biotech sector.
The IVGN February 85 calls have fallen 5 7/8 to 4 7/8 on heavier-than-average
volume.
Siebel Systems
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PowerRating) has lost 2 1/4 to 51 3/4 while the Seibel January
50 calls have lost 1 1/4 to 8 5/8 on more than 7000 contracts.