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    Closing Bell: More negative close than it felt like

    http://www.bloggingstocks.com/2008/03/27/closing-bell-more-n...
    43 days ago in BloggingStocks · Authority: 2,626

    Filed under: Google (GOOG), ConAgra Foods (CAG), Oracle Corp (ORCL), Lehman Br Holdings (LEH)The Commerce Department's Q4-2007 final revision for GDP came in at +0.6%, but that was in-line and the data is now more than 75-days old. But it does highlight the concerns that the growth rates this quarter just can not be good. It also set the tone for more selling. It just goes to show that it still pays in today's climate to sell when you are feeling good about the market and buy when you feel overly concerned. The Federal Reserve also auctioned off some $75 billion in treasury securities after receiving bids for some $86.1 billion. This was the first auction of its kind and the next auction is set for April 3. Below are the unofficial closing prices: DJIA 12,302.70 (-120.16; -0.97%) NASDAQ 2,280.83 (-43.53; -1.87%) S&P500 1,325.77 (-15.36; -1.15%) 10YR-TBond 3.534% (+0.04%) Key 52-Week Lows If you look at the unusual increase seen in short selling in many of the NASDAQ names from this morning, you might scratch your head. But that's the world we live in. Continue reading Closing Bell: More negative close than it felt likePermalink | Email this | Comments

  • Author unknown

    The 52-Week Low Club (DSW)(JBL)(HURN)(BMTI)(TUNE)

    http://www.eatingstock.com/?p=1825
    43 days ago in EatingStock.com · Authority: 4

    DSW (DSW) Shoe retail company posts bad sales. Falls to $12.95 from 52-week high of $44.05. Jabil Circuit (JBL) Still falling a day after putting up bad quarterly figures. Sells off to $9.05 from 52-week high of $25.80. Huron Consulting Group (HURN) Weak estimates for current quarter drop shares to $37.59 from 52-week high of $84. Biomimetic Therapeutics (BMTI) Rumor about problem with product candidate causes big sell-off starting mid-day. Down to $7 from 52-week high of $19.51. Microtune (TUNE) Company issues revision to Q1 forecast. Stock runs off to $3.40 from 52-week high of $6.88. Douglas A. McIntyre Read the rest at 24/7 Wall St.