Friday, August 12, 2005

Midday Movers

Here is a partial list of stocks moving on above-average volume:

  • High-volume advancers: ASEI, NVDA, GMXR, CPTV, INT, RBC, WGR, NTES, ASFI, SJT

  • High-volume decliners: RRGB, USAK, DELL, CREE, JMDT, FS, IPII, DIGE, MOVI, SNDA

Market Comments: The market decline has picked up some steam, with the SPX -0.9% and the Nazz -1.3% so far. The fact that oil is near $67 is clearly a negative, but it was also a negative yesterday when the market rallied into the close. Go figure. Traders like to head out early on Summer Fridays, so I doubt we get the same type of late-day rally today. I'm just sitting on my hands for now.


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