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marketmaven

06/05/06 2:15 PM

#478020 RE: Zeev Hed #478015

GM calls Delphi bid to scrap supply contracts "blackmail"
-Dow Jones
GM asks the judge to impose limits on Delphi's price demands, is seeking a "transition period" if Delphi scraps contracts and would repay Delphi for losses in "transition period."

Bernanke says core-inflation rise is "unwelcome" development-Bloomberg
Bernanke says Fed must ensure higher inflation is "not sustained."


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langostino

06/05/06 2:19 PM

#478023 RE: Zeev Hed #478015

"only if $34.50 is breached"

that's kind of ironic. You'd hold/no-sell at $50, but sell at mid-$30s. I'd do the precise opposite.