April 16th 2009
Today in the Stock Market
JPM reported Q1 earnings down 10% from a year ago, but we will see what the street really expected by todays action, it could be the catalyst that will have the market continue higher again or will get us started in a healthy pullback.
In the MicroCap area, CBAI had some interesting news, but we have yet to see a higher closing
for many days…
LVLV is still a buy candidate for us, as the company keeps releasing new applications, and the stock is calm but stays where it is around 0,03 to 0,04, so take advantage of it.
OCFN has more volume coming in, nothing spectacular but with the news that it’s Proforma Book Value is at $0,86, who knows what can happen if some real promotion is done…but in any case we talked about it 2 days ago and it more than doubled from the price it was monday (intraday wednesday).
JPM is retreating in pre-open trades just after releasing it’s earning, the first 30 minutes of trading will determine a lot. Can it trade over 33 on heavy volume ?
Another stock to watch that could move today if the market is positive is MBI
Have a great Trading Day !
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