Dear Member:
The DOW gained about 2% this week and the NASDAQ gained around 1%. This upward movement allowed us to close a couple winning trades with PFE and INTC.
We heard from many of you that you were able to sell YHOO at $34.22 for a $1.03 gain. We are leaving the position "OPEN" on the trade table because there was only about a minute to get this trade in and executed. We like the position in YHOO and if we have a positive market early in the week we expect to close this position.
We are also very pleased to be in positive territory with MRK. We got clobbered a few weeks ago with the lawsuit news and we may be tempted to close this position early in the week with even a smallish gain.
Other than DELL, the positions we entered the week with also trended up for the week.
Have a great week!
Success Trading Group
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