Thursday, July 9, 2009

Midday action

AlphaNinja - US Markets are all positive on the day. DJIA basically flat, while the NASDAQ and S&P500 are up about half a percent each.

Among the losers today are AIG, whose reverse stock split has made the shares easier to short (=take a negative position, profiting from a decline).

Also trading down are two companies (ELX, FTGX) who are no longer buyout candidates.


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