Monday, April 19, 2010

Intra-day action

Four hours into the week, the US indexes are slightly in the red.  Continued fallout from the SEC's attack on Goldman Sachs (more from me to come on that) is not helping.

Citigroup(C), however, is up 4% today after a nice quarterly earnings report.

Among losers, PALM is off big today, on word that RadioShack is pulling their product from the shelves.  As this death spiral accelerates, it will be interesting to watch management - do they pull the plug and save stockholders from further losses, or do they continue to bleed more cash?  As they seek a buyer, they are certainly not in the best bargaining position...

Copyright 2010 AlphaNinja

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