Thursday, August 27, 2009

Intraday action

AlphaNinja - Markets down. DJIA down half a percent while the Nasdaq is down a bit over one percent.

Among losers is Human Genome Sciences (HGSI). Traders have been pushing the shares higher in recent days on speculation that GlaxoSMithKline would buy the company, but rumors are flying today that GSK has not actually held talks about a buyout.

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