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Hong Kong Higher Again. Its been on a run recently. $PALM $WFMI

Anthony Dadlani  
February 23, 2010 6:28am   Comments
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Good Tuesday.


Hong Kong was up again last night. That market has been on a tear.
Japan's Nikkei 225 slid 0.5% lower to 10,352.10, China's Shanghai Composite lost 0.9%, Australia's S&P/ASX 200 ended flat, Hong Kong's Hang Seng Index gained 1.2%, Taiwan's Taiex gained 0.5% and South Korea's Kospi inched up 0.1%.In afternoon trading, India's Sensex inched up 0.5% and Singapore's STI)" ticker="INDEX%3ASTI">Straits Times expanded 0.5%.




We had mentioned keeping an eye on Palm shares today and they just got hit with a downgrade.

BofA/Merrill downgrades Palm to Underperform from Buy and lowers their tgt to $10 from $20.

We will continue to manage our open position in WFMI)" ticker="NASDAQ%3AWFMI">WFMI and keep one eye on BIDU)" ticker="NASDAQ%3ABIDU">BIDU again.




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