[Weekend Summary]
Dear Member:
Although today was one to provoke some concern, my positions held up well. I was able to realize a 12.6% profit before commission when I sold my Denny's (DENN) for $4.90. I was in the DENN play for less than a month.
I sent an alert this week on Labor Ready (LRW) and it showed some strength on good volume on a somewhat gloomy day for the markets. Canadian National Railway (CNI) remains above the uptrend line and closed today at a price support.
Crescent R E (CEI) has held above the 200 day moving average, but is definitely on probation with me.
Evidently the markets are antsy about interest rates and may have sold off a bit coming into the weekend. As earnings announcements begin with Alcoa (AA) next week, I expect to be quite wary. I don't favor plays against market direction very often
Have a wonderful weekend.
Bill
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