In the short run, you are getting screwed.
Some stock earning news
Tesoro (TSO) reports their earnings. Estimates average $2 and the actual are $2.03 when you add back in all the paid up debt and writeoffs. BTW TSO is an oil refiner.
We are down around 4% in early trading.
New Century Financial (NEW)
Report on the upside by 10%. These guys buy/sell mortgages, some to the subprime. Dividend is affirmed at north of $7. It is up about 10% in early trading.
American Eagle (AEOS)
Retailer with 11% gain in January sales. Down 4% in early action.
Concord Camera (LENS)
Thinly traded disposable camera manufacturer. Recently flirting with a buck. Now priced north of $1.25. 25% gain on no news. Hmmmmm...
Morale: Trading stocks increases your level of difficulty in many ways. I think you do yourself a favor by holding on to a stock until:
1.) It reaches your price.
2.) It gets bought out.
3.) It goes bankrupt.
It is just too hard to try and read how market/stock sentiment affects these choices daily.
That was my one semi-serious comment for the week. On to the moronica...