NW Air Down 42% - NASDAQ

[Bozo Galora]

Early trading,. Northwest Airlines
(NWAC) is trading at $11.40, down $8.22 or 42 percent.

Dont look like its gonna be a good day on Wall St.

Cisco down .87
Intel down 1.57

 

[351Cleveland]

Fed just cut the Fed Lending Rate 50 (!!!) basis points, after they leaked that they would do nothing. I think things will turn around. Bush is set to meet with the airlines today to see what we can do to help them.

 

[Bozo Galora]

And Intel just announce 300 million share buyback @7.8 Bill.
They feel their stock is way undervalued.
Also just signed a NEW cross licensing agreement with Rambus!

 

[AmbitV]

a lot of companies out with stock buybacks this morning, not just intel

scary thing is, the premarket only spiked up briefly on the fed cut and then came right back down....

just imagine what it would've looked like without these buybacks and fed cut

 

[Bozo Galora]

And the Working Committee On Open Markets is poised to dump billions into the stocks/mutuals to prop thing up if it gets scarey.