Strength of US$ & Option Expiry pressure put markets in a tailspin...closing near/@ lows of the day......
Internals were also very weak where Down volume dominated by a huge margin......
Gold was given a big drubbing and closed @ lowest point since reaching all time highs......
BUT......AH RIMM surprised everyone by handily beating Sales & EPS consensus...RIMM also guiding UP..... higher than consensus.....AH RIMM is UP 12.21% on AH volume of 1.10 million shares.....
ORCL also beating consensus UP 4.02% on AH 3.2 million shares...
These two reports are causing optimism and AH futures are UP strongly......
AG stocks were under pressure as there are reports that next week China will finalize Potash contract which MAY be slightly below SPOT price which could be under $400......this news is in the price of stocks now......
Most commodities were under pressure due to US$ strength......
AH Nikkei,Hang Seng,Shanghai are all Down in sympathy with Wall Street negative close...
AH Oil & Silver UP
BLOG does NOT give buy or sell.
Saleem
6 comments:
BDI NEWS
Baltic Dry Index Report
Friday 12/11/2009 4:04 PM ET - MarketNewsVideo.com
Yesterday, the Baltic Dry Index closed lower by more than three percent and is off sharply from its November peak. The index settled at 3671 and still remains below its 2007 highs as the oversupply of ships coupled with the global recession has driven rates lower across the entire sector.
SALEEM
Here are some tanker related links
ENJOY:
http://www.bloomberg.com/apps/news?pid=n...
http://www.bloomberg.com/apps/news?pid=n...
http://www.bloomberg.com/apps/news?pid=n...
http://www.bloomberg.com/apps/news?pid=n...
it is Friday have a great weekend to all
HI C,
Thanks for BDI update....
Did you buy any shipping stocks?
Saleem
I bought a load of GNK
Looking for a pop today
I still own DSX and FRO from 2008.
So I am a LT bag holder!
AMAZON got an up grade from Citi Bank $170 --wow
SALEEM
POT is taking a beeting today
Gosh so much pain wow
HI C,
YES..POT is trading near lows....downgraded by Soleil to sell....with $85 target??
Saleem
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