Wednesday, April 6, 2011

OPEN

(stock #'s in %)

Market up 45/14/3. Volume a little light. Oil steady over $108. Libyan rebs may have been pushed away from loading that tanker. NATO getting blame. And we face a government "shutdown". I still don't forgive Republicans for taking us off a surplus budget that was paying back on the $5T debt we had then in '00.

AMSC down 48. Their main customer - China's Sinovel - cancelled out on them. I figure Sinovel reverse engineered AMSC tech and found comps in China to make it cheaper. Cuts AMSC revs in half and will give them losses for who knows how long. Sad. One of the best techs I know of. El with no resistance.

LSCG down 6 more. Getting down to their 200-day lines.

GAZU up 70. WBRE up 50. ABAT up 14. They finally answered the charges leveled at them last week, but new charge made. CCGI up 13. WNEA up 12. NACF, UTOG up 10.

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