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Job Losses Keep Piling – Will Prolong Recession
Posted by Stock Online Trader on October 23, 2008 in Economy
Jobs announcements from the past two days : Privately held Chrysler said on Thursday it is slashing 1,825 jobs after losing $1 billion in the first half of the year. Goldman Sachs [GS] plans to cut 10 percent of its staff, or almost 3,300 jobs after laying off hundreds of support staff and junior bankers [...]
EBS Continues Its Downtrend
Posted by Stock Online Trader on October 23, 2008 in Technical Analysis
Yesterday I posted a blog saying downside potential for EBS is huge. I shorted EBS two days back at 17.99$, once it started reversing. I covered at 16.50$ yesterday taking 8.3% gain in 1 day. Playing it conservative and wanting to book profits, I covered. However I missed another 11% drop today. EBS can continue [...]