Covering the cities of Oakley & Brentwood and the Hwy 4 Corridor, King Mogey presents....BROAKLEY.com

Tuesday, February 10, 2009

Stocks got Hammered Today

After receiving news regarding the New Economic Stimulus package stocks dropped sharply today.

Some of the biggest declines occurred with Banks. Check your investment portfolio and make sure that you are diversified in stocks that have guaranteed returns.

Bank of America and Sirius radio had huge hits today. BofA was due to the news about the stimulus package.

Sirius Satellite radio was due to rumors of Bankruptcy. There after hours trading dropped their stock from over .11 cents a share to .06 cents a share.

I would definitely look into some insider trading with this stock seeing as just a few days ago they spiked up to .20 a share twice out of nowhere just days before the release of this news.

1 comment:

Anonymous said...

Wall Street definitely didn't like Geitner's explanation of the stimulus. Hopefully there will be some help for homeowners and more leverage for banks to modify loans to homeowners who are under water with their mortgages. There sure are slot of people in East County who could use that assistance