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IBDvalueinvestin (99.68)

Stocks rally in last 5 minutes as Treasury News sends shorts covering.

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July 08, 2009 – Comments (3)

15:57  US Treasury, Fed, FDIC announce program to buy up to $40 bln of toxic securities - Reuters

3 Comments – Post Your Own

#1) On July 08, 2009 at 4:14 PM, IBDvalueinvestin (99.68) wrote:

Some stocks issuing upside guidance afterhours:

scsc

wdfc

cpki

 

 

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#2) On July 08, 2009 at 4:17 PM, IBDvalueinvestin (99.68) wrote:

Wow AA blows away estimates posts smaller loss, higher revenues.

 

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#3) On July 08, 2009 at 4:59 PM, russiangambit (29.27) wrote:

It is only for $40 billion, it is probably just about 5% of the toxic debt out there. And I read it on Bloomberg  a couple days ago already. It was a "better than expected" treasury auction that moved the market, I think.

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