I know its been a while since my last post, but aside from being super busy the market has done nothing good to speak of. Most people have a very dismal forecast for the next few month. The recent drop in the price of oil has increased our trade deficit to a new high and the housing market has been showing signs of decline across the board resulting in lower consumer confidence. The technology sector has been taking huge hits evident from Dell computer's reported earnings down 28% from same quarter last year. Some good news did come out today though. PortalPlay (PLAY) recalled their second offering and was immediately upgraded with a target of $27. And you can be sure it will see that again. If you have been keeping up with this stock you would know that it went from $30-$20 with the news of the offering, now that the offering has been withdrawn most analyst seem to be picking it back up again and the stock show some strong moves today. I believe this stock will hit high twenties again by mid next week.
--
www.lawadm.com
--
www.lawadm.com
No comments:
Post a Comment