Monday, April 18, 2011

OPEN

(stock #'s in %)

Market down 200/50/19. Volume very heavy. Oil down to $107. S&P's negative outlook on US ratings. BRICs making move to shove dollar aside. China may raise bank deposit reserve ratio for 4th time this year. And Sauds said they did indeed cut oil output 800kb/d in March and Kuwait may have cut 200kb/d. "Oversupply".

PSUD down 38. LEOM down 24. BLQN down 14. CRGE down 13. ALTI down 11. ESLR down 10 on downgrade, target $1. China solars keep getting more tempting - JASO, CSIQ down 3, HSOL down 6.

ECOS up 29. CSKH up 16. AONE up 7 on upgrade.

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