Trading Quotations | Page 5

While our clients' trading activity had increased in early September ? daily average revenue trades were 136,000 for the first five trading days of the month ? last week's terrorist attacks and their aftermath have added fresh uncertainty to the market environment,

We've been seeing double-digit declines in confidence for more than a year, yet people don't mind buying a new car or a truck or trading up for a new house or taking out a second mortgage -- you would think these people have guns to their heads. We feel so lousy, but it sure doesn't seem like we're behaving that way.

We were not ever close to trading Drew Gooden. He's been very valuable to us this year.

Those who think that energy prices are headed back into the $30's are dreaming. A $50-$60 trading range for oil is more likely to be a plateau on the way to even higher prices. Demand for energy is rising unabated.

UAL shares are trading at post 9/11 lows despite boosting liquidity 9$3 billion in cash, $4 billion unencumbered planes as of 3/020, achieving labor peace and improving service. We cannot imagine an industry recovery that leaves out United, which has the industry's most attractive network.

We consider trading down when the guys that we projected would be there, aren't there. They're all gone and we have to go to our next group, our next grade level. That's when we'll make the calls. Those guys are gone, let's go to our next group. The value is less because we graded them less. Let's see if we can get some takers and get another pick later on.

We confirm that we were approached to look into the possibility of helping the Reserve Bank of Zimbabwe to finance the importation of fuel for that country. No further details are available at this stage. Zimbabwe is a major trading partner of South Africa, and cross-border financing of this kind takes place on a regular basis in a wide variety of product areas, from maize to railway equipment.

We have been a leader in electronic trading since 1977 and we want to help the next generation of technology engineers advance their careers and learn about more opportunities in capital markets.

We don't care whether it's old economy or new economy. We're looking for any asset that's trading at 60 cents on the dollar.

We will expand beyond even options and equities as we look to provide new opportunities in the trading of financial instruments, ... We believe we'll make money in the options business next year.

There has been more capital-markets activity than anticipated and the pickup in volatility has helped proprietary trading revenue.

There is actually some common ground, ... All three of us are facing real threats from Chinese trading policies.

We routinely look at any unusual trading activity.

We're trying to democratize derivatives trading by opening it up to the very small retail investor. Many people read in the papers that oil went up, but they have no way of profiting from that.

We're trading on the weather. It's cold in New York, so the price is going up.

We thought about Crawford and we liked him a lot, but it came down to is he going to make us three, four or five games better? Or do you want to just go get the people who will fit what you want to do as opposed to trading for another contract? We decided to go for the player we wanted rather than just the one who fit the dollars of the trade.

We think that in Mexico, online trading of shares and financial instruments is not going to be as important as it is in the U.S. On days that there is a banking holiday in the U.S., you hardly see any movement here on the stock exchange.

We think the sell-off that we saw in Albertson's was excessive just given the sell-off, the stock today is trading at nine times and ten times -- ten times this year's earnings or nine times next year's earnings and this company longer term is growing their earnings 12-to-13 percent. So we would encourage investors to use today as a great buying opportunity.

We think the downside risk here is modest. Merck has fundamental challenges ahead based on its base business. We really concluded the stock is trading incorporating these items.

This transaction will effectively combine two strong pools of liquidity into one fully integrated and innovative trading platform,

This transaction eliminates the most significant single long-dated position remaining in our trading business and our only tolling agreement.

This trading is based on yen-dollar and the jittery stock market.

We also like health-care firm Baxter International as well, ... It's trading at 17 times 2003 numbers. It's quickly becoming an attractive stock after recent pullbacks.

We believe that all precious metals are trading above fundamentally justified fair value, but the weight of investor, speculator and commodity-index buying has demonstrated that this does not stop metals trading ever-higher.

We believe our move to the NYSE could help increase liquidity and reduce trading volatility of Nordstrom stock. Association with the world's largest exchange could also provide Nordstrom improved visibility both on Wall Street and in international markets, which could widen our potential investor base.

To the extent that there's more people involved in the daily trading of the markets, it's a good thing.

With China now back in the market after the New Year, there was some catching up in early trading on Monday.

With a stock trading at seven-and-a-half times earnings on almost any range of reasonable outcomes, I think that company is dramatically undervalued.

This will make Japan the laughingstock of the world. Mizuho and the Tokyo Stock Exchange have shown how weak their compliance and trading systems are.

The only thing that was positive today was that there was nothing negative, especially no lousy economic reports that we've had over the last four trading days. The summer doldrums have not appeared so far.

To buy stocks just because it's the end of the year is not a good reason to do it when the fundamentals indicate otherwise. The yield curve is flattening in response to the slowing housing market. The implications can't be ignored. That's why we're trading the way we are.

The Philadelphia Stock Exchange Semiconductor Index last week had a 20 percent move in six trading days and now we've given back over 50 percent so it's really volatile. This lack of liquidity in the marketplace exacerbates these moves.

The petrochemicals sector looks set to remain squarely in focus as trading in 2006 gets under way.

When you get a market where there's a lot of indiscriminate selling, you can buy some pretty good companies with yields of 3 percent or more trading at reasonable valuations. That's a good situation.

With equity markets closing at their lows of the day Tuesday, the likelihood is that trading may get off to weak start on Wednesday morning.

With earnings winding down and not as much to focus on, you're getting very volatile reactions to economic numbers that are actually pretty close to estimates. You're also seeing some of the defensive names that are dependent on an economic recovery trading lower.

With our trading partners slowing down, they're not going to demand a lot of exports from us.

With our significant presence already in the region, and the fact that California is one of the largest issuers of municipal bonds in the country, it just made sense for us to have a trading desk in the state. We have a total of 68 branch offices in California, Nevada and Hawaii, and we also run a public finance office in Los Angeles, so we know these markets well.

With the Australian dollar now trading just below 75 US cents, we only need a US dollar gold price of around $US573 per ounce to break the record which has stood for 26 years.

With that expansion is coming quite a large demand for U.S. products. Given Latin America's comparative advantage and demand we could easily see Latin America become a much more important trading partner with the United States.

With its market dominance it should trade at a premium to the industry. But right now, investors are thinking about Adidas and are concerned about Nike's international prospects. So a cap has formed on Nike's trading range.

We moved up this morning relatively quickly up against the highs of last week, and that just so happens to be also the top of the range that we've recently been trading in on the S&P. We ran up to those levels and we're seeing a little big of profit taking as a result.

When you are young and impecunious, society conditions you to exchange time for money, and this is quite as it should be. Very few people are hurt by having to work for a living. But as you become more affluent, it somehow is very, very difficult to reverse that process and begin trading money for time.

When you are trading rushes like that, momentum can change pretty quickly.

We are each other's seventh largest trading partner, we are the fifth largest investor there and likewise, we have a lot of exchanges between political leaders, businessmen, tourists and school children too.

Unfortunately for Wal-Mart, we're still not seeing the trading up effect.

Under this bill, Duke Cunningham still would be able to get away with trading bribes for earmarks.

Finally, the JSE and the rand are trading on valuation and not emotion.

Finding it in a commercial flock is a first in California since 1974, ... It's not only serious because there is a direct threat to the poultry industry in California, but because it also brings about quarantines from our trading partners.

Expect volatility to go higher and trading ranges to expand.

Extending emissions trading to the aviation sector will limit these emissions and ensure that aviation, like all other sectors, contribute to reducing the harmful greenhouse gases. Through emission trading, airlines will be able to do so at the least possible costs.

Until Greenspan speaks on Wednesday, dollar trading will be like a kindergarten's finger painting -- messy with not a lot thematic clarity,

While today's news is very positive, I think the market is likely to remain caught between very good economic data and the worry that things aren't going to get any better from here. I would expect us to continue being pulled back and forth in this trading range we've been in for most of 2004.

While this is a not food safety issue, this is a unacceptable failure on our part to meet the requirements of our agreements with trading partner Japan. As I said, we take this matter very seriously, recognizing the importance of beef export markets. We are acting swiftly and firmly.

While there still remains some room for a couple of visits on the lower end of the trading range, the market appears to digest geopolitical and economic realities with the same, predictable outcome: higher prices.

While there appears to be some signs of the beginnings of a recovery in the housing market and more positive news of Christmas trading from retailers, it is clear that companies are still finding it difficult to forecast in the current economic climate.

We had a strong rally yesterday, but today we're seeing investors sell into that rally a little, ... We're in a trading market. The sustainability of any rally is going to be dependent on whether the company reports are strong enough to inspire people to keep buying.

We had a rash of injuries at the center position last season - we went through seven of them. When we were trading Chris Jackson, we were looking to get a starting center, but there were no takers due to the vital importance of this position.

We've had these types of discussions all along with our trading partners.

To some extent, the bond market's trading pattern has not been resolved of late. This might provide some resolution, and I think it is going to be resolved in terms of higher yields,

We alone cannot prevent China from entering the WTO and trading with everybody else,

Up until now, Schwab has been setting the pace in online brokerage. Merrill, though, is a bolt from the blue. Eight months ago, Merrill wasn't even in the online trading game. Merrill was held back only by the high cost of its online trading account.

The real vote if you're really concerned about fraud, the place to look to see that it is a small part is the fact that you have so many people who have converted their small businesses on line. They're not going to do that and they're not going to stay on eBay if it isn't the healthiest and safest environment to be trading in.

The recent acceleration of growth on Sets means that trading in March will exceed all previous records by a significant margin. We are on track to deliver an excellent outcome for the current financial year.

There is no international agreement to introduce emissions trading for global aviation and we do not want the EU scheme to be sidelined by international disputes or for EU airlines competitiveness to be jeopardized.

There is so much uncertainty with energy prices, and that is why we are caught in a tight trading range here. Over the next few months you will see how Katrina will benefit or hurt the market, and there is a wait-and-see attitude among investors.

There doesn't appear to be any reason why this market will break out of its current trading range. Inventories continue to be high and demand does not seem to be as high as it could be.

The record is not only clear, it's public. ... (The trading plans) provide for pre-arranged sales of stock over a six-month period. These plans are typical for senior executives of public companies and the plans were approved by the company's board of directors.

We will probably continue seeing land sell within this trading range. There is more interest now in farmland than last fall.

We will be reviewing the functioning of the emissions trading scheme and proposing any necessary changes. A major task will be to check and approve Member States' national allocation plans for emission allowances for the trading period covering 2008-2012.

We will be filing more charges relating to market-timing trading at Putnam by people in high positions.

This week is going to be fairly volatile, with the shortened trading week, and I would expect to see a correction over the next few weeks,

This was a very strong report, both in terms of asset flows, account adds and trading activity.

What is helping the dollar is the moral persuasion of the central banks. There's been contact between the European Central Bank and national central banks that make up the ECB urging calm, urging a block on any kind of speculative trading. The Federal Reserve has also weighted in and asked that dollar trading be limited. I think that will support the currency.

We have a blue-light special on tech stocks in aisle 5. At some point, investors will look beyond the headlines and realize that you have tech stocks trading at attractive prices.

We cannot be certain right now how the events of last week will ultimately impact the U.S. and global economies, the air transportation industry and FedEx, ... Nonetheless, we see our company well positioned to significantly increase growth, profitability, returns and cash flow as the global economies improve and trading activities increase.

You hear a lot of these rumors, a lot of speculation by possibly energy trading companies that may stand to gain a profit from that. But it's really hard to say.

Within investment banking, there was a strong bias towards the trading result, while underwriting actually fell from the fourth quarter.

With respect to short selling, ... the goal of all of us is to have a market that most closely approximates the normal trading environment. As a result of that, you can tell in which direction we will probably be leaning.

Waterhouse will be doing about two-thirds of its trading on-line. So I think that's going to be kind of a key offering, kind of a watershed offering for the month. If it does okay, then I think the Internet correction might have run almost its entire course.

This year I was a little surprised (at) how negatively people viewed the economy and that's translated into a very cautious trading community on Wall Street, ... I think we did pretty well. We had a 4.4 percent growth in GDP. That's better than in recent history and better than some of our trading partners.

What got the market going was the talk about the Californian utilities and banks being in trouble, and then the equity market rolled over and started trading pretty crummy.

We just played the way we wanted to for three periods. We got away from it early and were trading chances with them and were playing sloppy defensively. As the game went on, we tightened it up. We won the battles we needed to.

We have today and tomorrow as the last trading sessions of the year. With the stock being down so far, you would be looking at a little bit of tax selling to harvest those capital losses to offset gains in other areas.

We will see nervous trading ahead, as we have seen from Cisco that the worst is not yet over for corporate earnings.

What's happening now is that the market remains trading at very thin volumes and that can affect prices, even when just a handful of shares are traded. The decision of any fund to pull out from certain stock hits the price.

We are bullish on the market. You mentioned...that we've upgraded some target prices on technology shares, but we're also trying to focus on the value areas of the market, too, because a lot of excellent companies delivering double-digit earnings growth are trading at below-market multiples, and we think are good values here.

We are bullish on the market, ... You mentioned...that we've upgraded some target prices on technology shares, but we're also trying to focus on the value areas of the market, too, because a lot of excellent companies delivering double-digit earnings growth are trading at below-market multiples, and we think are good values here.

We expect the market to remain in consolidation mood for now, though thin trading conditions ahead of the long holiday weekend could well spark big price movements.

We expect the housing market will trudge on. For consumer spending, the official numbers will be strong, but by December Bollard will have the anecdotes about how pre-Christmas trading is looking. If it looks like a shocker, he won't move.

We expect the housing market will trudge on, ... For consumer spending, the official numbers will be strong, but by December Bollard will have the anecdotes about how pre-Christmas trading is looking. If it looks like a shocker, he won't move.

We expect gold to remain very volatile, trading erratically from time to time and to break over $600/oz during the course of 2006. We would not exclude several short-lived double-digit rallies to surprise the market during the same period.

We don't think the actual price tag should be viewed as a disappointment. Lest we forget that Arden was trading in the $30s before the rumor mills began churning.

We think it's a great stock, ... But we can't say that the stock is cheap, trading at over 80 times earnings. We get a little bit of acrophobia.

We see great opportunity to expand our business in a number of high-growth markets, including marketing services and SAP consulting and business intelligence, as well as business solution areas such as trading and risk management, customer billing and self-service, e-commerce, and quality assurance.

You get a kick in the market that draws in the buyers. I think we're in a trading range and are getting into the bottom half of that trading range.

You look at Morgan Stanley and its peers, you see a lot of reliance on their proprietary trading desks and a willingness to take on more risk. If the markets are reaching a cyclical peak, which I think they are, profits are at risk when the economy slows down.

This operation removes the stigma of having bonds trading in the market that reminds investors of the debt crisis and moratorium of 1987 followed by the restructuring of the mid 1990s; signaling the beginning of new stage that could eventually lead the credit to investment grade status within a few years.

This thing has taken on greed, panic and fear. Banks and trading companies are getting hammered and their business are doing well in this economy.

We should have narrow range trading today with a downside bias on profit-taking.