[Weekend Summary]
Dear Member:
A strong up week for the markets. Even today, option expiration day, the indices were up on fairly strong volume. The Nasdaq stopped around a resistance, but the Dow and SP-500 look like there is more upside room before they deal with the next level resistance. Though the time of year dictates caution, the markets may be really reversing up.
This past week, I got rid of one of my dogs, Stemcells (STEM) for a 48 cent loss and then sold Home Solutions (HSOA) on a quick move for a 70 cent gain.
I also entered a new position on Finisar (FNSR) and so far it has behaved well.
Emcore (EMKR), Denny's (DENN), and Mindspeed (MSPD) each made nice moves. Commontouch Software (CTCH) stayed level and that's fine with me.
EuroZinc (EZM) remains a hero as it continued along the uptrend and closed today (Friday) with an almost 9% gain on significant volume.
Overall, things are looking pretty good for these positions compared to recent weeks.
Have a great weekend.
Bill
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