AAPL, C, GOOG ... they bounced huge today. Compared to some smaller issues, though, they didn't move as big.
• Blockbuster (BBI) ran 18.57% from 0.28 (Wednesday's closing price) to 0.33. I wouldn't touch ol' Blockhead, but it says a lot that a company seemingly destined for bankruptcy could move like this. Maybe it's an indicator that the top is in, at least for the near term.
• FAS up 12.8% and TYH up 10.76%. Financials and techs roared higher today. Volume could've been better, but the bulls win.
• The Governor and Company of the Bank of Ireland (IRE) soared 9.0% to 5.31 and continued its climb after hours (to 5.46).
• Baidu hovered below 70 early in the day and I punted. That hesitation cost me; BIDU ran 8.7% to 73.49. If the market avoids hellish news for a day or two, BIDU might return to 80.
• US Steel (X) hammered the bears and rose 8.29% to 48.86. Big turnaround after days of weakness.
• STD up 5.57% as Euro banks rode the wave. NBG was up, too, by 6.7%.
• Ford (F) raced ahead for a 5.5% gain to 11.99. It was at mid-10 range just days ago.
I haven't caught any bounces this week, but I plan to grab a handful or two before this run is done. Or I'll wait it out and see when the next run hits. Ready to go in either direction.
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