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THE REAL MOST ACTIVE Broad Rally Propels Nasdaq To Heady Gains.(B)
Byline: JONAH KERI
The Nasdaq roared to a 52-week high Wednesday, as the index marked its biggest gain since Oct. 27. The composite gained 2% in much higher volume.
Meanwhile the Nasdaq 100 soared 2.3% as the Nasdaq 100's exchange-traded fund began trading on the Nasdaq with a QQQQ ticker symbol, after previously trading on the Amex as QQQ.
Accredited Home Lenders logged its second straight huge gain, up 4.09 to 47.04 on four times its normal trade. The mortgage lender blasted out of a 10-month base over the last two days despite an Accumulation/Distribution that stood at a lousy D+ Nov. 29. The firm said Tuesday it expects to earn $6.90 a share in 2005, a 15% gain from its 2004 outlook. The company cited the strength of the non-prime mortgage market for its bullish forecast.
F5 Networks blasted ahead 3.43 to 46.48 on twice its usual turnover. The maker of software used to control Internet traffic gapped up 22% on Nov. 27, thanks to a bullish fiscal fourth-quarter earnings report, storming out of its nine-month base. Wednesday's gain lifted F5 to a four-year ...
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