The market is see-sawing all day. The DOW is making all time high, and Nasdaq is high and down throughout the day. Google (GOOG) did not advance even though the earning report was beating expectation. But it is not good enough with the valuation it has. I believe it may have more down sides for the stock. Maybe $450 -$460 is the support line. I would avoid buying and holding the stock for now.
Advancers:
(GILD) - blow-out earning and upgrades
(WEBX) - another good earning report
(SIMO) - expected good earning before open tomorrow? It is the same industry as SandDisk (SNDK). I would not bet with this one.
(REFR) - news on Hitachi is using its technology, highly risky small cap stock
(CRR) - Beat estimate
Amazon (AMZN) and Electronic Arts (ERTS) will announce after close tonight. (ERTS) maybe a better play than (AMZN).
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