Friday, October 23, 2009

Friday action

If you told me that Amazon was up 25%, Microsoft was up 7%, and the DJIA was off 130points I'd laugh at you, but that is the case today.

Among the losers are multiple companies that are beating earnings estimates, but the stocks are lower. Kind of a "sell the news" reaction, after huge jumps in share prices have discounted much of the good news.

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