Tuesday, March 8, 2011

Indices closed UP .73% to 1.03%...NICE !!!!

Just when Guy Adami was making another prediction of S&P 500 going "way below"..we are pretty close to 3 yr high...how ironic that for 2 years straight he has been wrong about market direction...but talks like a "know it all"...

Indices closed UP around 1%....

Internals of the market were strong.

Stocks which were UP 1% or more included RVBD,GS,IBN,SOHU,CCJ,
LEN,BAC,FFIV,F,C,JASO,BZH,SINA.....

AH ER FNSR guiding way lower than consensus, stock Down 35.85%

AH CIEN Down 6.51%

AH JDSU Down 13.83%

AH ER STP was a beat & guiding higher, stock UP 3.67%

AH SOL announcing a "very complicated derivative based convertible" of $200 million with over allotment. Stock Down 4.97%

AH TXN updating guidance in-line, stock Down .61%

AH Futures Mixed

AH Asian markets UP

AH Oil Down

AH Gold & Silver UP

BLOG does NOT give buy or sell.

Saleem

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