Tuesday, August 10, 2010

OPEN

(stock #'s in %)

Odd open. Jolt down on not much more volume than yesterday which was dead. Maybe Wall St has inside on the Fed announcement today. Maybe it was just time for a bear bite. Maybe productivity down.

Odd response to JASO, down 9. The only glitch in their Q report was less profit than last Q because of one-time circumstance as I read it. Otherwise, they beat estimates and raised outlook 30%. So, I'm sorry if you bought it on my recommend. Hold it if you did. Or buy more on this dip, though it may take a few days for it to return to moving up. And then, if the market is going back down, it's a longer wait possibly.

SLTZ down 25. Odd open. MDTL down 43. PWAZ down 70 on 100 shares. PSRU down 16. FDEI down 13.

CABN up 27 on news that came out after close yesterday. They had a breakthrough on their natgas-CO2 process to make gasoline. But they say they could produce 138B gallons of gas/yr (present US use) with 23TCF of NG and over .5B tons of CO2 "without competing with current NG use". Huh? US uses 20TCF NG/yr and Energy Dept still says we have ten years left with our own reserve. How would 23TCF/yr not compete with current use? Odd. Odd open.

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