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June 27, 2007


Stock Du Jour (SLV) & Random Observations

Choppy, tricky day that ended on a low note.

Notable New Lows: Blackstone (BX) and Fortress Investment Group (FIG); about a million homebuilders - LEN, PHM, HOV, CTX, SPF, MTH, etc.; Newmont (NEM); and a lot of biotech: Genentech (DNA), Human Genome (HGSI), Encysive (ENCY), Sepracor (SEPR) and Atherogenics (AGIX).

Notable New Highs: Life Partners (LPHI) - this has gone from $10 to $40 in four months; Parametric (PMTC); Tween Brands (TWB); and Quidel (QDEL).

Silver (iShares Silver Trust (SLV)) dropped hard on about four times average volume. Here’s a weekly chart for some perspective.

slv

This entry was posted on Wednesday, June 27th, 2007 at 7:26 am (utc+8) and is filed under Trading and Investing.

One Response to “Stock Du Jour (SLV) & Random Observations”

  1. howard lindzon said:
    June 28th, 2007 at 5:54 am

    intersting times.

    Long some silver and gold stocks but that trend could be in trouble.

    So much inflation and yet the disconnect.

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