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Fri Mar 9 16:16:55 PST 2001
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Issue 2 March 9, 2001
Today's Issue [Image]
The NASDAQ stumbled to a 27 month low Friday, driven in party by a
nasty earnings warning by chip maker Intel. The Nasdaq composite
index dropped 115.88, or just over 5 percent, to 2,052.85 during
Friday's session, it's lowest level since Dec. 17, 1998. The DOW
was battered too, falling 213.63, or almost 2 percent, to
10,644.62 managing somehow to stay up 1.7 percent for the week.
CNNfn stated in an article published Friday, that "analysts said
investors do not need to run for the hills in a panic." despite
the bloodbath in the tech sector quoting Seth Martin, an analyst
with IDEAglobal.com as saying, "I think stocks really are near
their lows at this point and I think investors are
bargain-oriented right now. They believe in some sort of comeback
by the end of this year so if you believe in that, you have to
like stocks at these prices."
We'll see on Monday as earnings statements continue to be
released.
Breaking News [Image]
At StockNight we prefer to publish news in our Breaking News
section that truly is "Hot off the Press." When at all possible we
try and work with news that has been released after the marker's
close or late in the trading day.
Today, at roughly 22 minutes after Friday's market close
Saf-T-Hammer (otcbb: SAFH) issued a statement that many of our
readers will undoubtedly find interesting given the tragic school
shooting of this week.
Here is part of the release:
Saf-T-Hammer Responds to Child Safety Lock Legislation
SCOTTSDALE, Ariz.--March 9, 2001--Saf-T-Hammer Corp. (OTCBB: SAFH
- news), the Scottsdale-based firearm safety and security company
today responded to the efforts of Wisconsin U.S. Sen. Herb Kohl's
March 1 reintroduction of the Child Safety Lock legislation he
authored.
Sen. Kohl has also authored the Youth Handgun Safety Act of 1994
and the Gun-Free School Zone Act, which makes it a federal crime
to knowingly bring a gun within 1,000 feet of a school or to fire
a gun in these zones.
``We are watching this legislation closely,'' said Robert Scott,
president of Saf-T-Hammer. ``There is a continuing, growing
awareness of the need for firearm safety solutions. The recent
school shooting in San Diego tragically brought the issue to the
nation's attention again.''
The ``Child Safety Lock Act of 2001'' reintroduced into the Senate
last week under Senate Bill S 436, calls for safer keeping of
firearms including the requirement of child handgun safety locks
included in every sale and transfer of a handgun.
``All firearm owners, most of whom act extremely responsibly, have
an obligation to store and secure their firearms in a manner to
prevent unauthorized access,'' said Scott. ``The gun safety locks
manufactured by our company have proven to be effective,
inexpensive and easy to use.''
The bill would be an amendment to chapter 44 of title 18, U.S.
Code and is co-sponsored by Sen. Barbara Boxer, Sen. Jon Corzine,
Sen. John F. Kerry, Sen. Charles E. Schumer, Sen. Lincoln D.
Chafee, Sen. Richard J. Durbin and Sen. Jack Reed.
Polls show that between 75 and 80 percent of the American public,
including gun owners, favor the mandatory sale of child safety
locks with guns. In addition, according to public reports from
last year's campaign, President Bush indicated he supports the
idea of mandatory child safety locks and would sign a bill that
required the sale of a child safety lock with all new handguns.
Attorney General Ashcroft confirmed the Bush administration
supports the mandatory sale of child safety locks during his
Senate confirmation hearings earlier this year. Each year,
teenagers and children are involved in more than 10,000 accidental
shootings in which close to 800 people die. In addition, every
year 1,300 children usefirearms to commit suicide. ``The need is
definite and real,'' said Scott.
Please click here to read the remainder of this release:
http://biz.yahoo.com/bw/010309/0231.html
Disclaimer:
StockNight.com is owned by Integrity Media Inc. (IMI) and
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,
Saf-T-Hammer will pay MP $5,000 which will be split with IMI. An
owner of Integrity Media Inc. also owns and holds shares of
Saf-T_Hammer (60,000) for services rendered past and present but
unrelated to this distibution. Market Pathways also serves as
Investor Relations for Saf-T-Hammer and is compensated at $4,000
monthly and 87,000 share per year. MP currently holds 174,000
shares of Saft-T-Hammer. ALL SHARES OWNED BY MARKET PATHWAYS AND
INTEGRITY MEDIA INC. ARE RESTRICTED AT THIS TIME. This
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to remain objective in our communication regarding the subject
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It is the responsibility of the brokerage firm to verify Blue
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may not be reproduced in whole or in part without the express
written consent of Market Pathways Financial Relations
Incorporated.
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