trade stock, stock pick

[Weekend Summary] Dear Member: The markets were a bit lackluster this week with all of the major indices down modestly. Volatilities had risen which is often a bearish indicator, but then turned back down on Friday. I exited two profitable trades this week, one in Yamana Gold (AUY) for a 3% gain before commission and the other in Horizon Offshore (HOFF)for a 5.6% gain before commissions. PPL Corporation (PPL) rebounded nicely this week, and Nuveen Sr. Income Fund (NSL) made a nice jump. It would not be a bad idea to place a stop on NSL at about $8.65. If that were hit, I would be out with about an 8% gain on the stock plus all the income it has paid since I entered the position. The markets seem to be somewhat confused right now and I'm going to continue to try and pick my spots. That may not make for a lot of trading, but there's little point in making a trade unless I have some reason to believe that it will be successful. Have a great weekend. Bill
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