David (3)Futures & options trader, B.A. Economics - University of Colorado at Boulder.
StockJock-e (45)Options trader, technical analyst, drinker of microwaved instant coffee.
The TSX is trading flat to slightly down today as the oil and gas sectors put pressure on the resource heavy index.
One of the big stories that keeps on giving is Sino Forrest (TRE:TSX) which was down sharply -20% in the morning trade, but has since managed to climb back to the -2% level. The company said it was postponing the tour of its forestry assets, which makes you wonder why it is climbing back up to break even?
Two of the biggest movers are going in opposite directions. Yellow Media inc (YLO:TSX) has been on a losing streak for a few months, there was a big flush of sellers over the past two sessions as the stock fell 50% from $3 to just above $2. Today there is a rebound as the stock gapped up on the morning trade, currently +18% to $2.70.
