Instead of treasuries the fed is now expected to purchase mortgage bonds as a round of stimulus; this according to the largest bond dealers….so no official word yet.Comments »
CVG – CGGVeritas initiated with a Hold at Collins Stewart
MBT – Mobile TeleSystems upgraded to Buy from Neutral at UBS
CRIC – China Real Estate Info downgraded to Market Perform from Outperform at William Blair
POZN – POZEN target lowered to $7 at Brean Murray
VIP – VimpelCom downgraded to Neutral from Buy at UBSComments »
POZN +43%, TSPT +5.6%, YHOO +0.8%, BEXP +0.2%
AEG -3.1%, ARMH -2.5%, ASML -2.0%, T -0.7%Comments »
Stupidly I bot some TNA at the close on Friday. I thought there was a chance we were at the bottom of the range and could see a pop. Well 2.24 days of trade has my portfolio looking like a turkey. Not a full on turkey as it would be slaughtered.
Where will we find support ? If it is not 1163 then the next stop is 1150. If we break 1150 then your portfolio will resemble:
The Turkey gods have left us for dead; and i would not count on Santa either.
I have to get off the TNA ride; in other words consider stopping out.
In the spirit of Thanksgiving i wil be thankful for all my blessings and look to trade another day.
GLT[youtube://http://www.youtube.com/watch?v=TQYaVb4px7U&feature=fvwrel 450 300]