Thursday, July 17, 2008

After hours action

Merrill trades lower to 28 after a 9.7 billion writedown. And selling FDS (majority position) for 1.75 billion, (Merrill's valuing it at 3.5 billion) which means the stock will probably trade up after the beatdown on tomorrow's open.

Microsoft misses by a penny, and IBM beats and raises. Google's ugly, and I'll just leave this pig alone!

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