The Quick Takes Pro blog by Michael Kahn, CMT about anything that might affect your portfolio.
Monday, September 27, 2010
This is messed up
If you think the stock market is rigged here are a few charts to stoke your fires:
Arena Pharma - This sector is always jumping on news or lack thereof. This one had FDA stuff pending and then it was not granted. Ouch!
Satyam Computer - This one was an Internet darling from India way back when. Supposedly, management liked the auditing reports but a few days later they say they would delist US-based shares. Doh!
Adobe Systems - Jumps on news Apple will let them in on the iPhone gravy train and then they release their numbers. How is the small investor supposed to cope? Not stop orders. Options? How about cash at zero percent. At least you won't lose.