[Weekend Summary]
Dear Member,
The markets are still looking relatively bullish to me. I added two LEAPS call positions. The first was the biotech ETF (BBH) where I bought the Jan '07 200 calls and the other the Jan '07 calls on Reynolds America (RAI) where I picked up the Jan '07 90 calls today.
My exisiting positions did ok, but nothing spectacular for the week. CHINA is still in its uptrend though it dropped 14 cents for the week. SPY paused, but is still uptrending as are the Q's where the call side of my strangle is doing well. Micron (MU) is also in the uptrend making the bullish call spread look fine.
EBAY took a breather this week and was down $1.52 for the week, but a little respite could have been expected. I still look for a rally to year end.
Overall, the markets weren't particularly exciting this week, but when I take into account tax loss selling, things still look at least moderately bullish for the near term (i.e. to year end).
My visit to Hawaii has been wonderful. I like the early early market open and early close that allows for some relaxation as well. Home this coming week.
I hope you have a wonderful weekend.
Bill
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