Monday, November 7, 2011

MONDAY CLOSE

(stock #'s in %)

Market up 85/9/7. Volume still very light. Oil close to $96. DOW, at least, back over top 200-day line. Greeks forming new govt. If they don't get bailout money in next week "or so", a "disorderly" default likely, followed by a run on Italy, collapse of French banks, debt defaults in Spain and Portugal and end of the Euro. But. That's not going to happen. Right? And Lagarde warned about East Europe liquidity squeeze.

VVIT up 143. Really. LEXG up 38. SYNM up 35, crossed over 50-day lines. VSPC up 28. EFOI, AMLM up 22. QTMM, AMBT up 15. BFRE up 12. CSKH, AFPW up 9. GTAT up 3 after reporting after close.

LEOM down 46, new low. CPWY down 28. DSTI down 25. CERP down 19. They had news on something. BCON (bankrupt) down 13. APWR, PEIX down 10. PEIX reported 490% jump in revs Q3. Huh. Sold the news. PANL, XSNX down 9. NPWZ down 5. AMRS down 4, new low.

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