Thursday, June 12, 2008

Pre-Market

Morning,

Retail sales better than expected.

Dry Bulk names gapping down - leading the way are DRYS and EXM, also see GNK, TBSI, DSX, NM.

LEH cans CFO and COO. Also CNBC gossip regarding possible sale of firm. Heavy pre-market selling.

Other weak names from the scanner IVGN, KEY, NCMI, ROC,

Pre-market strength: BUD, CASY, CAL, NT, MPEL, TROW

JASO
and FSLR started to show signs of strength yesterday and again in pre-market.

Two names I'm watching for a possible technical bounce after recent weakness are VLO and ESRX.

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