Tuesday, June 9, 2009

Moving on above-average volume

AlphaNinja - Markets have reversed to flat or slightly down, giving up the late-day rally from yesterday afternoon. A few companies moving up on better than expected earnings. Also a few moving on various financing transactions. The price of living to see another day for many companies (ZQK for example) is absolutely exorbitant. The effective "cost of capital" for some companies makes their future possible cash flows worth very little.

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