Monday, July 28, 2008


David Peltier
Brutal Day
7/28/2008 4:32 PM EDT
Tough action out there. 4-to-1 down volume to up volume on the NYSE, and 6-to-1 on the Nasdaq.

Also had 29 out of 30 stocks down on the Dow Jones Industrial Average-- save Alcoa (AA:NYSE), as the company said that investor Highfields Capital Management will boost its stake in the company to 8% of the total shares outstanding.

Position: none

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