Borders inches closer to liquidation
Yesterday's bidding deadline passed without offers to keep the second largest US bookstore operator in business.
Netflix, LinkedIn highlight tech losses
Netflix fell 3.74% after Pacific Crest Securities analyst Andy Hargreaves cut his rating to sector perform from outperform. [...] LinkedIn gave up $4.73 a share, or 4.3%, to fall to $105.23 after J.P. Morgan analyst Doug Anmuth cut his rating to neutral from overweight. I think both of these are still way overpriced and have a long way farther to fall.
29 of 30 DJIA components down
Decline lead by Bank of America which fell 3.6% to $9.64.
Monday, July 18, 2011
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