Wednesday, May 09, 2007

deja vu

Today was much like yesterday. What looked like a sell-off in the opening turned around and became a day of waiting (for the FOMC meeting today at 2:15) and consolidating. Unlike yesterday, however, there has been a quicker turn-around for the leading indices, except for that pesky Nasdaq. Some of the most active issues today include Texas Instruments (TXN) up over 4% and poor, poor Dendreon (DNDN) down over 59.75%!! ouch

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