Greetings,
Currently I have three open positions. These positions include CSCO and INTL. Earlier in the week I bought DELL at $35.40 per share. I just missed selling Dell at $35.90 on Friday. It settled back down to close on Friday at $35.52. Hopefully I'll be out of this position next week.
Another potential buy for next week is WMT. It closed on Friday at $52.48.I hope to enter this position at a little lower entry point.
I sold ORCL at $11.18 per share earlier in the week for a gain of 60 cents. My averaged down cost in this position was $10.58. I was pleased to close another of my long hold positions with a nice gain. Now I've got to get CSCO and INTL to cooperate a little so I can end up with more positive results. It's just a matter of time.
I get the feeling the market is poised to make a positive run upward for this last quarter of this year. With the presidential election coming up in two months, automakers like Ford raising their forecast, housing starts still on the rise, unemployment under control, and inflation-interest rates at favorable levels. In addition, oil production, supply levels and pricing worries and panic seemed to have run their course. Maybe a few positive months might be in order. One potential barrier is the real possibility of a terrorist attack just prior to the elections. Only time will tell.
Have a great week,
Anthony
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