Stocknight- Edition
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Wed Mar 7 15:11:46 PST 2001
[Stocknight.com] [Image]
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Issue 1 March 7, 2001
Today's Issue [Image]
Despite the loud clamor of earnings warnings, stocks were up
across the board today as investors and analysts wondered if a
bottom had been reached. The Dow Jones industrial average closed
up 138.38 to 10,729.60; the Nasdaq composite rose 19.47 to
2,223.90 and the Standard & Poor's 500 ended up 8.09 to 1,261.89.
It was a strange day for the markets as investors shrugged off bad
news and bought in a manner eerliy similar to recent months where
good news was ignored and sold into. The Nasdaq is now up 5
percent since last Friday, withstanding a number of large
technology companies warning about poor earnings.
Breaking News [Image]
We held the publishing of this newsletter until later than
expected as we know that an enormous amount of our database are
Yahoo users and investors and the stock, as most of you know, was
halted around 10:00 a.m est. pending a company announcement.
Just a few moments ago The Financial Times announced that Yahoo
CEO Tim Koogle will step down and warn of lackluster quarterly
earnings. Yahoo confirmed this report atfter the market's close,
making for what will undoubtedly be an interesting Thursday
morning for the stock. Today, the stock traded off $1.44 before it
was halted.
Conversely, Quintek (OTCBB: QTEK) announced 2nd Quarter financial
results with a revenue increase of 57% and a profit increase of
100%. Quintek also announced their client roster in the release
which includes Imation, TRW, Lockheed-Martin, U.S. Navy, Boeing,
and a multitude of others also noted in the release.
Click here to read the full release:
http://biz.yahoo.com/bw/010307/0520.html
Disclaimer:
StockNight.com is associated with Market Pathways Financial
Relations Incorporated (MP). The information, opinions and
analysis contained herein are based on sources believed to be
reliable but no representation, expressed or implied, is made as
to its accuracy, completeness or correctness. This report is for
information purposes only and should not be used as the basis for
any investment decision. As compensation for dissemination and
posting of this information, Quintek will issue to MP 200,000
shares of its restricted common stock. MP will split the shares
with Integrity Media (owner of StockNight.com) for its services
related to the publishing and posting of this information. This
compensation constitutes a conflict of interest as to our ability
to remain objective in our communication regarding the subject
company. Write or call MP for detailed disclosure as required by
Rule 17b of the Securities Act of 1933/1934. MP, StockNight.com
and Integrity Media and its owners, agents and employees are not
an investment advisor and this report is not investment advice.
This information is neither a solicitation to buy nor an offer to
sell securities. Information contained herein contains
forward-looking statements and is subject to significant risks and
uncertainties, which will affect the results. The opinions
contained herein reflect our current judgment and are subject to
change without notice. MP, Integrity Media and StockNight.com
and/or its affiliates, associates and employees from time to time
may have either a long or short position in securities mentioned.
It is the responsibility of the brokerage firm to verify Blue
Sky status in each trading state. Information contained herein
may not be reproduced in whole or in part without the express
written consent of Market Pathways Financial Relations
Incorporated.
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