tomorrow will be up again, I suppose!

Wall Street rises on commods, M&A; data supports recovery
On Wednesday September 16, 2009, 10:15 am EDT


NEW YORK (Reuters) - U.S. stocks rose slightly on Wednesday on gains in commodity prices and renewed merger and acquisition activity.

U.S. industrial production rose for the second straight month in August, while higher gasoline costs pushed up consumer prices, reinforcing hopes a recovery was underway.

"It's particularly encouraging to see the manufacturing sector of the economy recover," said Hugh Johnson, chief investment officer of Johnson Illington Advisors in Albany, NY.

"It's like all the other numbers we've seen in that they've been better than expected, and that's what bull markets are all about."

The Dow Jones industrial average (DJI:^DJI - News) gained 18.21 points, or 0.19 percent, to 9,701.62. The Standard & Poor's 500 Index (^SPX - News) rose 2.49 points, or 0.24 percent, to 1,055.12. The Nasdaq Composite Index (Nasdaq:^IXIC - News) added 5.95 points, or 0.28 percent, to 2,108.59.

The S&P hit a new high for the year shortly after the open, and is now up 56 percent from the March 9 low.

Adobe Systems Inc (NasdaqGS:ADBE - News) said it plans to pay $1.8 billion for fast-growing business software maker Omniture Inc (NasdaqGS:OMTR - News) as Adobe, the maker of Photoshop and Acrobat looks to turn around declining sales.

Adobe shares fell 6.6 percent to $33.26, while Omniture shares surged 26 percent to $21.82.

M&A activity is considered a positive sign for the economy as businesses display confidence in their capital positions and begin to spend.

Gold hit an 18-month high of $1,020.50 an ounce and helped lift silver and platinum to multi-month peaks. Freeport McMoRan Copper & Gold Inc (NYSE:FCX - News) shares rose 1.5 percent to $72.37.

Genworth Financial Inc (NYSE:GNW - News) climbed 6 percent to $12.76 a day after it priced a common share offering.

Rogers Corp (NYSE:ROG - News) rose 7.7 percent to $29.09 after the maker of specialty materials for electronics and consumer markets raised its outlook, citing strong performance in its printed circuit materials and high performance foams segments.

Verizon Communications Inc (NYSE:VZ - News) capped gains on the Dow, down 2.6 percent to $30.20. UBS downgraded the stock to "neutral" from "buy," saying the telecommunications company is likely to miss its outlook for 2009 earnings growth.

Corning Inc (NYSE:GLW - News) dropped 2.2 percent to $15.45 after it said it acquired all of the outstanding shares of Axygen Bioscience and its subsidiaries from American Capital Ltd (NasdaqGS:ACAS - News) for $400 million. American Capital jumped 30 percent to $3.35.

all depends on rate of increase.
0.25% increase would trigger a knee-jerk reaction, but I think stocks would rebound after the heat is over.
Besides, an increase of rate is not-all-bad, it could signify an improved economy.

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Added on September 16, 2009, 11:05 pmDialog seems to have a heavy-butt, it almost refuses to budge even when ground is moving.
I loved & hated that stock, its not a loser but a sure mood-killer.

This post has been edited by coffeelover1975: Sep 16 2009, 11:05 PM

as soon as make some bucks then run, run, run..... stock up some other solid high liquid ones

why short when a stream of non-negative news is out? This small bull would last for at least till tomorrow...as it just started. Maybe down next week due to profit-taking & shorter trading days.

KNM selling pressure has reduced as compared to last week.
Technical charts indicate a further rebound.

wouldn't it be doubly-hard to monitor stocks from afar?
To adapt to different behaviours of market, wouldn't it be exposure to wider risks?

no wonder stomping into FTSE, you are actually there!
Since you are there, should be trading there....ahh.... your trading gonna be a lot more exciting than here.

I believe FA is more reliable than TA.
FA is based on facts, TA is based on readings that twists & turns the facts but provide you a teeny-wee bit guideline.

NEW US HOUSING, PERMITS AT 9 MONTH HIGH

hope the small bull stays intact

This post has been edited by coffeelover1975: Sep 17 2009, 10:20 PM

[quote=mazda626,Sep 17 2009, 10:23 PM]
I will NOT release my kurasia not matter what happen tomolo...i run in profit. Rock steady baby.

Yes, not to kill the goose that lays the golden eggs.

IF, you have:
130k : stocks
140k: Fixed deposit
40k : cash in hand
at this moment, would you want to increase your stock holdings?
Or keep the fixed deposit & cash for future in case of crash?

oh....this case you believe that market would go higher from this point.
Though the probability is there, most dividend stocks are already off its lows and almost near its peak of pre-crisis.

still got tomorrow to tell us.

From Wednesday onwards, stocks will take-turns to be gorenged, so don't forget to sail-off before the tide subsides!

could be the receivables are someone dear & familiar to them

I gotta feeling....woo-hoo....that tomorrow's gonna be a good-day,that tomorrow's gonna be a good day.....
By: BLACK-EYED BEANS

heh-heh....tomorrow's time to get a net and have an easy & quick fish.

it will not be viable if cut-loss on Oilcorp by now.
There's still hope of getting out of the rut if one holds it.
An example was Antah, which was classified PN17 few years back but was later transformed into this day's Huaan.
That time, shareholders were also in a worrisome state.
If Oilcorp has some prominent figures inside, it would not simply be delisted.
Just an opinion.

Uncles & Aunties have been buying shares since Bursa began.
Only when more students and office workers start losing concentration on their studies & work are the tell-tale signs of market going hot.

This post has been edited by coffeelover1975: Sep 25 2009, 09:10 PM