The collapse of negotiations with Microsoft may have sent Yahoo shares tumbling, but the development is not scaring Dave Rovelli of Canaccord Adams away from technology entirely. "There's some healthy profit-taking right now," he told CNBC. "It's good for the market."
Water metering and energy conservation make up a big business that's getting bigger. And this company is leading the way.
CNBC asked the pros for their investing advise in this kind of market. Here's a sampling of what they had to say.
Friday--today--is the last day of Trading With The Stars--and only transactions that were input by 4 pm ET Thursday will make a difference in their standings. As the Dow fell almost 150 points, Ernie Hudson was the only celeb to show a portfolio gain Thursday--on Gmarket. Jonathan Tucker regained the top spot, and Stephen Collins fell back into second on heavy losses in Golden Telecom. Meanwhile, Chris Moneymaker got crushed on Allscripts Healthcare, which has cost him $181,862.60 since he purchased it on 5/8, and he is now in last place. James Cromwell was hit hard by Knot Inc. which cost him $160K dropping him from 4th to 8th.
The top 4 celebrities remain constant with Jonathan Tucker holding onto his lead with only $62,581.29 separating him from Stephen Collins. Poker champion Moneymaker is betting on Allscripts Healthcare to move him up from 4th on strong earnings after the bell Tuesday. And Hall of Famer Johnny Bench is counting on American Oriental Bioengineering to continue to perform--as he's in 5th place.
Champion poker player Chris Moneymaker widens his lead in first place to more than $150K with the sale of Adtran which was up 6.16% Tuesday--as actor Willie Garson lost over $20k on Seagate Technology--which was down 1.73% Tuesday. And actor Stephen Collins decided to take time off from his acting career--to make more buys and sells than everyone on Wall Street (I'm making this last sentence up--but as you will see, it's not that far off!).
Willie Garson proves himself as a celeb to beat, and holds the lead for the 3rd straight day in Trading With The Stars. There was a "flip flop" (no politicians here) of sorts as actor Stephen Collins replaced champion poker player Chris Moneymaker in the second spot--and Chris is in third. All the other celebs are holding their previous places. Actor James Cromwell is showing...
Wow-there were a lot of big gains Tuesday, and many of our celebs came from behind to move up the ranks. Chris Moneymaker stepped it up taking the lead with an all-in buy of Gigamedia Monday, netting him over $47,000, Tuesday (and for being first, Chris gets his picture posted). And Ernie Hudson moved from 8th to 6th, AND Johnny Bench moves up two spots from 9th to 7th. At last (and no longer close to last) Johnny's making his move!! Here are the standings:
Judy Gold is moving on up in the "Trading With The Stars" portion of our Million Dollar Portfolio contest. She's now in 4th place--up two spots from 6th. Judy's holding of SSRI, seems to be paying off. the leader--Stephen Collins remains in the top spot--followed by Jonathan Tucker and Chris Moneymaker. Most of the stars stayed away from making many trades Tuesday, except for Willie Garson...