“Technology stocks closed with broad gains Monday, with most bellwethers flexing their muscles along with the rest of the market following reports that a deal could be near to help bail out the U.S. auto industry bring some stability to the current economic situation,” Rex Crum reports for MarketWatch.
“The tech-heavy Nasdaq Composite Index rose 62.4 points, or more than 4%, to close at 1,571,” Crum reports.
“Among tech stocks, gains came from Apple Inc. (AAPL: 99.72, +5.72, +6.1%) , Microsoft Corp. (MSFT: 21.01, +1.14, +5.7%) , IBM Corp. (IBM: 84.86, +4.27, +5.3%) , Cisco Systems Inc. (CSCO: 17.25, +1.31, +8.2%) and Hewlett-Packard Co. (HPQ: 35.23, +1.70, +5.1%),” Crum reports.
Full article here.
What’s the big deal? They’re going to drop 7% tomorrow when all the shorts try to make a few bucks in the morning.
yep, its all bull droppings. This is just people pumping and dumping. Strong companies fall, falling companies rise.
Does anyone here remember the old days and why one bought stock in a company in the first place. ??
🙁
en
stop reading MDN for stock advise
I’m headed out later tonight to see if I can gain some broads for my notch. Shortly thereafter, I expect to rocket upwards, followed by a dramatic plunge.
I think I’m finally getting a handle on this financial journalism vocabulary stuff!
@Eldernorm
The old days are over. People only get into stocks for money now. The good ole days of investing in the company are OVER.
Forget your MACS and Iphones and Ipods, I’m gonna go to a Mapple Store and get a Mypod, Myphone and a MyMac.
This is all because Obama said he wants to include a nationwide broadband initiative and a computer infrastructure plan for schools as part of his job stimulus package. If it passes there will be billions of dollars thrown at computer and networking hardware in addition to roads, bridges and power plants.
Not that this should constitute stock advice or anything.
The undeniable truth is that this is a trader’s market, NOT an investor’s market. If you’re currently sitting on equities purchased long ago, like most of us, the time is not yet ripe for new purchases. The sharks are in the water, and small fry are in deep peril.
@ hey ASS HAT:
“stop reading MDN for stock advise.” “ADVISE” ≠ “ADVICE”