MLK... did you happen to notice the overall market's performance today. Nasdaq down -1.52%. Dow down -0.62%. It was a pervasive sell off today for ALL stocks! China based stocks (excluding CEA) took a particularly hard beating, largely due to Bernanke's comments yesterday about their markets facing colapse, and then Bush today demanding they revalue their currency upwards. Most of that negativity carried throughout the US stock markets. I swear it seems as if this administration and the Fed want to see foreign policy, oil and inflation cripple economic growth or even reverse it. (Or maybe they don't and the "terrorists" are simply winning.)
In light of that backdrop, TKO actually did very well today IMO. It was up most of the day, supported by large buying interest at $2. It only faltered at the close, and I would bet will be back up tomorrow at the market open. Next week could be the beginning of a summer rally, the 1st since 2004. Try not to be soooooo microfocused on TKO, ignoring the macro-environment for all stocks.
