Thursday, August 6, 2009

Huh?

9 secondary offerings, blah earnings from CSCO , SPUZ up 5?? Whats the end game here? This is beyond my comprehension - initial jobless claims still comes in above 500k at 555k....is this good stuff? AIG is trading up $5 bucks in the premarket (remember this had a 20 for 1 reverse split). Investors are falling over themselves to buy banks pre market..so the madness continues. I wish I had not sold any extra futures to hedge all my exposure to bidding for these secondary offerings....

JB

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