Greetings,
The market ended the week on a high note. It is actually acting kind of bullish. Allan Greenspan's optimism, along with some good earnings reports, and a not so negative employment report pulled the market upward this week. And I'm looking forward to next week hoping the optimism and money flow into the market continue to be up. It was reported this week that January was the lowest money inflow month on record for some time. In other words, investors have been on the sidelines waiting for a significant buy signal before entering the market. Maybe the successful Iraq elections was the catalyst to bring out the buyers. We'll see in weeks to come.
As for my positions in the market, there were no changes this week. None of my positions reached a sell point nor a cost average point. AMAT surged up strongly Friday closing above my buy in point at $16.80 per share. All my other positions, MSFT, CSCO, TEK, and WMT moved only slightly this past week. I think with more buyers coming into the market these stocks may start becoming more volatile. Once I sell off a position or two I'll be more it the buying mode. You never know when opportunity rings, you must always be ready to cease the moment.
I'll be enjoying the superbowl this weekend with family and friends in Vegas. I hope you'll have a great weekend and enjoy it as well. This is one of those stop and smell the roses opportunities.
Have a great weekend,
Anthony
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