[Weekend Summary]
Dear Member,
Another good week even if a short one. EBAY is still looking strong as it advanced another $2.91 over the last 5 trading days. CHINA and MU are also moving along well. CHINA looked strong but then pulled back a bit. I still like it however.
The calls on my QQQQ strangle are moving very well. The 38 calls are up $2.50 since my adjustment and the puts are down $1.13. The bull call spread on Micron (MU) is cooking along.
As you know, I entered a Dec '06 120 LEAPS call position on SPY this week. Though there may be a pullback the first 2 weeks in December as the usual tax selling occurs, I like the prospects to year end at least.
I enjoyed Thanksgiving with most of my family in Hawaii. I hope you had a great one as well.
Bill
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