Still a nervous market
The market is not drifting, it is weakening. The DOW isn't showing it but I am seeing major reversals in exuberance across many stocks.
Something is deeply wrong with the sentiment when HANS drops 4% because it says that it is open to being bought. Companies looking to be bought can get a premium price, so that should bump up the price.
Even AKAM is down 8% - it's actually where I said it should be: $29.
Today is mixed for Liverocket but mostly down. NTRI is way down, but RFMD and DIS are up.
I'm glad that I held back a bit.
I will be posting STOPs later.
Something is deeply wrong with the sentiment when HANS drops 4% because it says that it is open to being bought. Companies looking to be bought can get a premium price, so that should bump up the price.
Even AKAM is down 8% - it's actually where I said it should be: $29.
Today is mixed for Liverocket but mostly down. NTRI is way down, but RFMD and DIS are up.
I'm glad that I held back a bit.
I will be posting STOPs later.
posted by Andrew at
11:18 AM
4 Comments:
http://biz.yahoo.com/prnews/060523/latu103.html?.v=43
TIE announced a dividend for its Series A Preferred Stock, which means that only the early investors (Series A) will be getting the dividend.
Announcing the dividend means that the days for growth are over for this company?
JLG blew past earnings, raised guidance. Just hope market remains good tomorrow and that JOYG follows in with similarly extraordinary numbers. You are in business Andrew! BTW, what do you read from the numbers?
oops. looks like jlg had an .08 tax gain -- and hence just met expectations! Damn! Nevertheless, they raised guidance ..
all indexes are up including Japan that is almost 2% up. so you think the trend down continues tomorrow?
Market Update
DJIA 11,117.32 18.97 +0.17%
NASDAQ 2,169.17 10.41 +0.48%
S&P 500 1,258.57 1.99 +0.16%
Rus. 3000 731.96 0.64 +0.09%
Wil. 5000 12,695.54 5.97 +0.05%
Nikk. 225 15,907.2 308.00 +1.97%
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