Thursday, August 23, 2007

20070823 PM

DJIND 13,235.88 -0.25 (0.00%) 443,858,000
NASDAQ 2,541.70 -11.10 (-0.43%) 816,377,400
S&P 500 1,462.50 -1.57 (-0.11%) 2,530,699,200
Countrywide recieved $2B from Bank of America in form of loan that can convert to stock. This gapped up the markets, which traded lower throughout the day. Widely reported that BofA got a good deal. Good deals in all markets will happen over the next year+ for those with cash.

MR 32.88 -1.60. Weak showing today.


SRS 98.68 +1.93. Bullish engulfing. Bought at 97.2. Real estate is toast, so would this could be held for a year+. Wide intraday volatility can take out trailing stops.

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