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[Weekend Summary] Dear Member: Definitely an acceptable week. I closed my position on Canadian National Railway (CNI) for a before commission profit of $1.22 a share in about a month. The stock has dropped about $1.00 since I took my profit so I believe I got out at the right time.. I entered and exited a play on Ppl Corp. (PPL) during the week for a very decent short term profit. I bought the stock on Tuesday for $28.75 and sold it today for $29.46 or a gain of $0.71 in only 3 days! I suppose I shouldn't complain ending the week with a 2.5% gain in 3 days on PPL. I did look long and hard for another position to enter today, but I found nothing during the day that satisfied me. I am watching several stocks, but none provided precisely what I was looking for going into the weekend. As I have said before, I am trying to find the highest quality play I can, and unless I am satisfied, I won't enter just for the sake of entering. None of the indices (Dow 30, Nasdaq or SP-500) were able to close above resistance today, so I don't feel bad that I have no trend positions in place over the weekend. Today's close suggests continued uncertainty, and, perhaps, even may be signalling a bit of a downturn. Trend Trader has a winning batting average of .875 (7 wins out of 8 closed trades) in its' short existence. The profits from the winners (after commissions) have far outweighed the single loss. So far, so good. I intend to remain patient, careful and disciplined in the belief that these characteristics will continue to lead to good trades. I hope you enjoy your weekend. I'm really looking forward to next week. Bill
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