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Market Updatefrom 99Wallstreet
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10:00AM: Impressive open for the Nasdaq with an almost vertical spike in
the first half hour of trading. Techs and biotechs are booming while
cyclical sectors such as steel, paper, chemicals are all weaker. Cisco
Systems (CSCO 20.78 +1.05) getting a nice early pop. 99Wallstreet
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sources tell us Salomon Smith Barney just made positive comments on
pricing, demand, incumbent data segment of the mkt.....Chips being led
higher on XLNX news. SOX +4.5%, NYSE Adv/Dec 1353/1090, Nasdaq Adv/Dec
1593/1011
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Profit Alert: Guardian Tech. Int'l, Inc (NasdaqSC:GRDN)
GRDN has more than doubled since initially spotlighted by us. Profits are a
good thing.
June 4 Price hit new 52-week high ($2.29)
Guardian Technologies International manufactures and distributes ballistic
protective equipment, including equipment commonly referred to as body
armor. The Company manufactures its products under its own label at its
facility in Dulles, Virginia. The Company's product lines include four
basic types of ballistic protective vests, K-9 ballistic protective vests
and assorted other ballistic protective devices, such as aircraft ballistic
protective equipment and ballistic protective shields, blankets and seat
cover liners. The Company's four main product lines of ballistic protective
vests are manufactured in six styles, each providing varying degrees of
protection and certified under guidelines established by the National
Institute of Justice. All of the Company's body armor products are
certified under the NIJ's Standard 0101.03 for Police Armor.
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