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Upgrades and Downgrades This Morning


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 UBS

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Gapping Up and Down This Morning

Gapping up 

POZN +43%, TSPT +5.6%, YHOO +0.8%, BEXP +0.2%

Gapping down 

AEG -3.1%, ARMH -2.5%, ASML -2.0%, T -0.7%

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“Life is Like a Ride”

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.


[youtube://http://www.youtube.com/watch?v=TQYaVb4px7U&feature=fvwrel 450 300]




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