Thursday, July 12, 2007

Great day - some quickies

After dropping 1% midweek, the markets rebounded strongly. The week’s totals are:
Dow up ~1.8%
NASDAQ up 1.5%
S&P up 1%

The reality for us is very minimal change this week.

Watch for major short covering, pushing prices sky high


HIGH TECH
AMX – Flat
CTSH – Up 10%. Up every day – says nice things
NUAN – Up 4%
PWR – Up 3%. Hit a new 52 week high
TRID– Down 3.5%. It’s all about next week and the potential delisting
UCTT – Down 3%

OIL SERVICES/EQUIPMENT
A slew of sector downgrades due to the recent price accelerationATW – Flat after hitting a new 52 week high this week
CLB – Flat
ESV – Down 3% after getting a downgrade to underperform. This was based on pricing getting ahead of itself. Yeah, right.
MDR – Down 1%

BIOTECH
DIGE – Down 1%
HOLX – Up 2%. Their usual pre-earnings run-up, I hope
IMA – Down 2%.

OTHER
KSU – Flat
OCN – Up 2%.
PCP – Up 2% and a new 52 week high
TIE – Up 2%

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