Stock Movement Reason Our Comments
ING, BCS, RBS, DB Down 2-4%. Greek election gains could not hold. We were up 10 pts last night on the S&P futures after the Greek election results.  Those   gains were short lived.  Euro-banks now   pulling back.

 

DSW Down 6 points. Lowers guidance. When these retailers announce bad news, the stock gets seriously punished.  50 area may   provide some psychological support.

 

FB Down 20 cents. Slight pullback. Stock pulling back slightly with overall market, but what a run on Friday.  Stock has broken out   nicely from the 28 area.

 

XG Up 55%. AUY to buy XG AUY to acquire XG for total $4.26/share.  XG will receive $3.50 cash, and 0.0467 AUY shares.

 

BKS Up slightly. May announce tablet with MSFT. MSFT and BKS may announce a tablet today.  This was highly anticipated, but could push BKS higher.

 

 

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