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Author Topic: Swing-Trading.com Stock Picks for Feb 9, 09  (Read 600 times)

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swingtradingcom

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Swing-Trading.com Stock Picks for Feb 9, 09
« on: February 09, 2009, 07:20:52 AM »
(X) - buy
United States Steel Corp, says 500 employees opt to retire early, which will save the Co $50 million a year.

(GMXR) - buy
With plans to increase production by 98% during 2009 accompanied by the rising price of Crude Oil, look for a steady rise in the price per share of GMX Resources.

(EMR) - short
Emerson Electric Co, to cut up to 14,000 jobs. Earlier last week, Co cut its full-year profit forecast and said 2009 sales could decline by up to 8 percent from last year's levels, citing recent order patterns.

(BXP) - short
Boston Properties Inc, an owner and developer of office buildings in key U.S. cities, said it was suspending development of a Manhattan skyscraper after a potential major tenant backed out.

(UBS) - short
Credit Suisse, on Sunday reported a loss of $25 billion. Co is also planning to cut 5,000 to 8,000  jobs.

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