Friday, September 2, 2011

OPEN

(stock #'s in %)

Market down 229/49/26. Volume normal. Jobs report - no net gain. So, once again, ADP comes out with 91k new jobs a couple days ago and on Friday we get something else, almost always bad. Why.

WTI oil down over $2 to north of $86. In all these weeks since oil has fallen off, the pump prices across the street haven't budged. Now the long weekend, so who's going to buy anything?

Well, surprise. WTWO up 28. CCTC up 16. PEIX, EVCA up 11. PEIX actually on news. Faster paydown of their debt. UBRG up 2. KNDI up another 1.

NGBF down 16. SOPW down 13. BWEN down 10 more, another new low. NENE down 7. HSOL down 4, hit a new low. ASYS, LSCG down 1.

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