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Now some stocks under ten bucks that received the royal smack down on Friday include Neomgic Corp (NASDAQ: NMGC) which traded down 56 cents to seal at $3.14, Peru Copper (NASDAQ: CUP) traded down 49 cents to close at $4.99, Encore Medical (NASDAQ: ENMC) traded down 24 cents to close at $4.74, Apac Customer Services (NASDAQ: APAC) traded down 21 cents to shut at $1.92, Sonus Networks (NASDAQ: SONS) traded down 20 cents to close at $4.35 and Micromet (NASDAQ: MITI) which traded down 24 cents to close at $4.40 on Friday.
Today’s US data will undoubtedly be unfriendly to equities and further declines may continue the upside pressure on USD but the Greenback increased against some strong overhead resistance at this time. Despite the better start on the week it will be important to watch the close today but for the week as many this buying may be technical due to the February close; if these buyers are late with little follow-through the USD could slide off quickly. Look for focus to shift towards the Friday NFP data your news dissapear today.
