Dear Member:
The DOW gained about 1.25% this week and the NASDAQ was about even on the week. We closed our position in USB for another winning trade.
As you are well aware, our entry into the QLGC trade on 10/20 was about as ill-timed of an entry as we have experienced in our Success Trading Group. Nonetheless, the position is hanging in there relatively well.
MRK gained a point this week and DELL fell yet another point this week. DELL is also scheduled for an earnings announcement on or about November 10.
Have a great week!
Success Trading Group
P.S. As a reminder, if you are holding either of our long-term holds (ie, CSCO and/or WMT), we will be offering our thoughts on writing covered calls to work our way out of these positions. Covered calls CAN be executed in an IRA account (which is a beautiful thing!) Again, if you want to receive email updates on covered call plays please send us an email at csco@investbilling.com or wmt@investbilling.com to get on the applicable list. If you have both, please write to both email addresses in separate emails. Covered calls require patience. So, please don't worry if we don't send a note next week or the following week even on these trades. We have these on our radar.
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Customer Service: www.InvestBilling.com
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