1.   Analysts attributed the slide that followed to a secondary stock offering last May and modestly disappointing second-quarter earnings.

2.   Analysts said people were selling secondary stocks and moving into top-tier holdings for safety.

3.   But secondary stocks picked up steam in afternoon trading and the whole market finished sharply higher.

4.   First Horizon Pharmaceuticals, which did a secondary stock offering on Thursday, is a case in point.

5.   Fechtor Detwiler brokers showed up uninvited on conference calls with analysts and institutional buyers with embarrassing questions and at a luncheon promoting a secondary stock offering.

6.   In the Kansas City Value Line, stock-index futures closed lower as secondary stocks continued to lead the market down, Kansas City trader Paul Dow said.

7.   In the Kansas City Value Line, stock-index futures closed higher as buying interest in secondary stocks continued, said Kansas City trader Paul Dow.

8.   In the Kansas City Value Line, stock-index futures fell on weakness in secondary stocks and the Nasdaq, said Dick Halford, a Kansas City trader.

9.   Kansas City Value Line stock-index futures closed up as bargain hunting surfaced in the secondary stocks.

10.   Over all, the blue chips were outperformed by the secondary stocks.